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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$621K
Program Spending
66%
of total expenses go to program services
Total Contributions
$136.8K
Total Expenses
▼$777.2K
Total Assets
$5.4M
Total Liabilities
▼$2.2M
Net Assets
$3.2M
Officer Compensation
→$107.8K
Other Salaries
$102.9K
Investment Income
$84.4K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.9M
Awards Found
4
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of the Treasury | CDFI RAPID RESPONSE PROGRAM AWARD | $1.5M | FY2021 | Jun 2021 – Jun 2023 |
| Department of the Treasury | PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND EMERGING CDFIS. ACTIVITIES TO BE PERFORMED: TECHNICAL ASSISTANCE MUST BE USED FOR THE FOLLOWING ELIGIBLE ACTIVITIES SUBJECT TO THE APPLICABLE PROVISIONS OF THE UNIFORM REQUIREMENTS: COMPENSATION ? PERSONAL SERVICES, COMPENSATION ? FRINGE BENEFITS, PROFESSIONAL SERVICE COSTS, TRAVEL COSTS, TRAINING AND EDUCATION COSTS, EQUIPMENT, SUPPLIES, AND INCORPORATION COSTS (SPONSORING ENTITIES ONLY). END GOAL/EXPECTED OUTCOMES: THE GOAL OF THE TECHNICAL ASSISTANCE IS TO BUILD CERTIFIED AND EMERGING CDFI?S ORGANIZATIONAL CAPACITY TO SERVE ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW-INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. INTENDED BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENT ACTIVITIES: ONLY IN THE CASE WHERE A CDFI DEPOSITORY INSTITUTION HOLDING COMPANY APPLICANT INTENDS TO CARRY OUT THE ACTIVITIES OF AN AWARD THROUGH ITS SUBSIDIARY CDFI INSURED DEPOSITORY INSTITUTION, AS IDENTIFIED IN ITS ASSISTANCE AGREEMENT WITH THE CDFI FUND. | $125K | FY2021 | Sep 2021 – Jun 2024 |
| Department of the Treasury | TECHNICAL ASSISTANCE AWARD | $123.6K | — | — – — |
| Department of the Treasury | TECHNICAL ASSISTANCE AWARD | $89.3K | — | — – — |
Department of the Treasury
$1.5M
CDFI RAPID RESPONSE PROGRAM AWARD
Department of the Treasury
$125K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND EMERGING CDFIS. ACTIVITIES TO BE PERFORMED: TECHNICAL ASSISTANCE MUST BE USED FOR THE FOLLOWING ELIGIBLE ACTIVITIES SUBJECT TO THE APPLICABLE PROVISIONS OF THE UNIFORM REQUIREMENTS: COMPENSATION ? PERSONAL SERVICES, COMPENSATION ? FRINGE BENEFITS, PROFESSIONAL SERVICE COSTS, TRAVEL COSTS, TRAINING AND EDUCATION COSTS, EQUIPMENT, SUPPLIES, AND INCORPORATION COSTS (SPONSORING ENTITIES ONLY). END GOAL/EXPECTED OUTCOMES: THE GOAL OF THE TECHNICAL ASSISTANCE IS TO BUILD CERTIFIED AND EMERGING CDFI?S ORGANIZATIONAL CAPACITY TO SERVE ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW-INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. INTENDED BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENT ACTIVITIES: ONLY IN THE CASE WHERE A CDFI DEPOSITORY INSTITUTION HOLDING COMPANY APPLICANT INTENDS TO CARRY OUT THE ACTIVITIES OF AN AWARD THROUGH ITS SUBSIDIARY CDFI INSURED DEPOSITORY INSTITUTION, AS IDENTIFIED IN ITS ASSISTANCE AGREEMENT WITH THE CDFI FUND.
Department of the Treasury
$123.6K
TECHNICAL ASSISTANCE AWARD
Department of the Treasury
$89.3K
TECHNICAL ASSISTANCE AWARD
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $621K | $136.8K | $777.2K | $5.4M | $3.2M |
| 2022 | $2.3M | $2M | $1M | $5.3M | $3.8M |
| 2021 | $903.3K | $695.9K | $664.9K | $4.1M | $2.5M |
| 2020 | $746.2K | $540K | $353.9K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Phillip Black | Executive Director | 45 | $86K | $0 | $7,548 | $93.6K |
| Charles Kennedy | Past Board President | 5 | $0 | $0 | $0 | $0 |
| Kristin Pruitt | Board Secretary | 10 | $0 | $0 | $0 | $0 |
| Todd Flick | Board Treasurer | 10 | $0 | $0 | $0 | $0 |
| Matthew B Murphy | Board President | 10 | $0 | $0 | $0 | $0 |
Phillip Black
Executive Director
$93.6K
Hrs/Wk
45
Compensation
$86K
Related Orgs
$0
Other
$7,548
Charles Kennedy
Past Board President
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Kristin Pruitt
Board Secretary
$0
Hrs/Wk
10
Compensation
$0
Related Orgs
$0
Other
$0
Todd Flick
Board Treasurer
$0
Hrs/Wk
10
Compensation
$0
Related Orgs
$0
Other
$0
Matthew B Murphy
Board President
$0
Hrs/Wk
10
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Carol Gassen | Director | 5 | $0 | $0 | $0 | $0 |
| Darnell Jackson | Director | 5 | $0 | $0 | $0 | $0 |
| J Jacob Sipe | Director | 5 | $0 | $0 | $0 | $0 |
| Schiela Pena | Director | 5 | $0 | $0 | $0 | $0 |
| Sharron Liggins | Director | 5 | $0 | $0 | $0 | $0 |
Carol Gassen
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Darnell Jackson
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
J Jacob Sipe
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
| $3.1M |
| $2.3M |
| 2019 | $171.8K | $35K | $131K | $2.6M | $1.9M |
| 2018 | $963.6K | $874.6K | $590.7K | $1.8M | $1.8M |
| 2017 | $1M | $962K | $424.6K | $1.5M | $1.5M |
| 2016 | $330.2K | $307.8K | $205.2K | $911.7K | $893.3K |
| 2015 | $170.5K | $162.7K | $143.8K | $755.1K | $751.3K |
| 2014 | $96.7K | $92.9K | $93.8K | $751.7K | $724.6K |
| 2013 | $79.1K | $71.3K | $73.2K | $723.5K | $721.8K |
| 2012 | $6,492 | $0 | $79.9K | $736.1K | $715.8K |
| 2011 | $365K | — | $75.7K | $789.3K | — |
| 2010 | $0 | — | $0 | $0 | — |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990-EZ | Data |
| 2010 | 990-EZ | Data |
Schiela Pena
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Sharron Liggins
Director
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0