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Source: IRS Form 990 via ProPublica Nonprofit Explorer
Total Revenue
▼$3.8M
Total Contributions
$3.1M
Total Expenses
▼$2.7M
Total Assets
$12M
Total Liabilities
▼$2M
Net Assets
$10M
Officer Compensation
→$325K
Other Salaries
$473.3K
Investment Income
▼$368.9K
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$7.5M
Awards Found
15
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Small Business Administration | FY 23 CONGRESSIONAL COMMUNITY PROJECT LAUNCH NEW YORK, INC | $1M | FY2023 | Sep 2023 – Jun 2026 |
| Department of the Treasury | CDFI RAPID RESPONSE PROGRAM AWARD | $952K | FY2021 | Jun 2021 – Dec 2023 |
| Department of Commerce | THIS EDA INVESTMENT FUNDS THE LAUNCH NY #INVESTLOCAL SCALE UP PROJECT, TO IDENTIFY, SUPPORT, AND INVEST IN HIGH-GROWTH, SCALABLE COMPANIES THAT CAN TRANSFORM THE LOCAL ECONOMY THROUGH JOB AND WEALTH CREATION, AND CATALYZE THE ENTREPRENEURIAL CULTURE IN THE 27 COUNTIES COMPRISING THE WESTERN HALF OF UPSTATE NEW YORK. THE PROJECT WILL OPTIMIZE THE DEPLOYMENT OF A MIX OF FOLLOW-ON CAPITAL INVESTMENTS TO THE CURRENT PORTFOLIO OF 80 COMPANIES, WHILE CONTINUING TO MAKE NEW FIRST-TIME INVESTMENTS AND OPTIMIZE A MIX OF ITS REMAINING FIRST-TIME COMPANY INVESTMENTS AND FOLLOW-ON FUNDING FOR THE CURRENT FOR-PROFIT LP FUND I PORTFOLIO OF 52 COMPANIES, YIELDING A FINAL 9 INVESTMENTS, WHILE ESTABLISHING A NEW LP FUND II. ONCE COMPLETED, THE PROJECT IS DESIGNED TO ADVANCE EACH OF LNY'S FINANCING PROGRAMS TO THE NEXT PHASE OF GROWTH IN ORDER TO MEET DEMAND AND MAXIMIZE IMPACT AND SUSTAINABILITY IN THE PROJECT REGION BY: A) RECAPITALIZING ITS NONPROFIT SEED FUND, WHILE OPTIMIZING THE MIX OF FIRST-TIME AND FOLLOW-ON INVESTMENT FROM THIS FUND TO FACILITATE ACHIEVING EVERGREEN STATUS, B) BUILDING AND DEPLOYING ITS SECOND LIMITED PARTNER FUND, WHILE HARVESTING THE PORTFOLIO FROM ITS FIRST LIMITED PARTNER FUND, AND C) GROWING ITS INVESTOR NETWORK BEYOND ITS PILOT PHASE OF 200 INVESTORS TO 500 TO YIELD NEW MEMBERS TO SUPPORT ONGOING TRANSACTIONS AND MORE DEAL-BY-DEAL INVESTMENT PARTICIPATION AMONG ITS MEMBERS. | $750K | FY2023 | Nov 2022 – Oct 2025 |
| Department of Commerce | THE REBOUND AND INNOVATE PROJECT WILL ENABLE LAUNCH NY (LNY), THE ONLY VENTURE DEVELOPMENT ORGANIZATION SERVING HIGH-GROWTH COMPANIES ACROSS THE 27 WESTERNMOST COUNTIES OF NEW YORK STATE, COORDINATED WITH ITS 5-YEAR PARTNER CORNELL UNIVERSITY, TO SOLVE CHALLENGES TO ACCESSING ENTREPRENEURSHIP SUPPORT AND CAPITAL CAUSED BY CORONAVIRUS THROUGH A FULL TRANSITION TO VIRTUAL MENTORSHIP AND NOVEL FINANCING PROGRAMS FOR TECHNOLOGY-BASED STARTUP COMPANIES, DRIVING ECONOMIC RECOVERY AND ENSURING LONG TERM RESILIENCE IN RESPONDING TO SIMILAR THREATS. WITH A LONGSTANDING HISTORY OF SERVING OVER 1150 HIGH-GROWTH STARTUPS WITH PRO BONO MENTORSHIP AND THE MOST ACTIVE SEED FUND IN NEW YORK STATE THROUGH A HYBRID MODEL OF VIRTUAL AND FACE-TO-FACE METHODS, LNY RESPONDED TO COMPANY DEMAND AND PANDEMIC SAFETY REQUIREMENTS BY PILOTING 100% REMOTE ACCESS. REBOUND AND INNOVATE BRINGS FULL-SCALE CAPACITY TO LNY'S DIGITALLY-ENABLED ENTREPRENEURSHIP SUPPORT AND NOVEL CAPITAL ACCESS PROGRAMMING THAT WILL INCLUDE: A) VIRTUAL OFFICE PLATFORM TECHNOLOGIES AND NEW CURRICULUM SUPPORTING ONLINE COMPANY RESILIENCE ASSESSMENT, ONE-ON-ONE COACHING, OFFICE HOURS, INDIVIDUAL AND GROUP EDUCATION, AND INCUBATOR-LIKE FACILITIES ACCOMMODATING STARTUPS, INVESTORS, AND LNY PERSONNEL AND MENTORS, AND B) A COMMERCIAL SCALE TECHNOLOGY PLATFORM FOR LNY'S DIGITAL INVESTOR NETWORK FOR OPTIMIZED REMOTE FUNDRAISING. REBOUND AND INNOVATE WILL YIELD CAPACITY FOR ONGOING ENGAGEMENT OF 50 MENTORS AND STAFF, 250 INVESTORS, AND 200 COMPANIES, ENSURING EQUAL ACCESS THROUGH ITS NEW FOUNDERS GO BIG DIVERSITY AND INCLUSION RESOURCE CENTER. THE PROJECT IS ANTICIPATED TO BUILD LONG TERM VIRTUAL SERVICE CAPACITY AND | $750K | FY2021 | Apr 2021 – Oct 2022 |
| Department of Commerce | LAUNCH NY'S 2021 BUILD TO SCALE VENTURE CHALLENGE BUILD PROGRAM, ENTITLED FAST FORWARD FOR TECH-DRIVEN STARTUPS, IS AN INITIATIVE DESIGNED TO CATAPULT THE GROWING POOL OF SEED STAGE COMPANIES SPAWNED FROM THE WELL ESTABLISHED LAUNCH NY ENTREPRENEUR-IN-RESIDENCE (EIR) PROGRAM AND OTHER ECOSYSTEM PARTNERS TO THE MARKET ENTRY AND EXPANSION PHASE FOR INNOVATIVE TECHNOLOGIES IN UPSTATE NY. AS THE ONLY VENTURE DEVELOPMENT ORGANIZATION SERVING THE 27 WESTERNMOST COUNTIES OF NEW YORK STATE, LAUNCH NY WILL INTRODUCE FAST FORWARD TO SERVE ITS HIGH VOLUME OF STARTUPS WHO HAVE PROGRESSED BEYOND CUSTOMER DISCOVERY AND MINIMUM VIABLE PRODUCT DEVELOPMENT TO HELP THEM SCALE COMMERCIAL OPERATIONS IN TECHNOLOGY-DRIVEN INDUSTRY SECTORS. ADDITIONALLY, SPECIALIZED FAST FORWARD PROTOCOLS WILL BE CREATED FOR HIGH PRIORITY CLUSTERS INCLUDING CLEANTECH AND UNDERREPRESENTED FOUNDERS, ALIGNING WITH ITS EMERGING CLEANTECH OPPORTUNITY (ECO) INCUBATOR AND FOUNDERS GO BIG (FGB) DIVERSITY, EQUITY, AND INCLUSION PROGR | $750K | FY2022 | Oct 2021 – Sep 2024 |
| Department of Commerce | INTEGRATED REGIONAL ENTR | $637.2K | FY2012 | Sep 2012 – Mar 2014 |
| Department of the Treasury | PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE. | $500K | FY2023 | Apr 2023 – Dec 2028 |
| Department of Commerce | ENTREPRENEURIAL MENTORS | $500K | FY2015 | Aug 2015 – Feb 2017 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $375K | FY2020 | Sep 2020 – Dec 2023 |
| Department of Commerce | BUILDING INCLUSIVE CAPITAL ACCESS THROUGH AN INVESTOR NETWORK | $300K | FY2019 | Jan 2019 – Dec 2021 |
| Department of Commerce | SCALING UP A MENTORSHIP-DRIVEN SEED FUND | $245.5K | FY2017 | Nov 2016 – Nov 2018 |
| Department of the Treasury | PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO 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. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE. | $225K | FY2022 | Dec 2021 – Dec 2024 |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $225K | — | — – — |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $168K | — | — – — |
| Department of the Treasury | FINANCIAL ASSISTANCE AWARD | $168K | — | — – — |
Small Business Administration
$1M
FY 23 CONGRESSIONAL COMMUNITY PROJECT LAUNCH NEW YORK, INC
Department of the Treasury
$952K
CDFI RAPID RESPONSE PROGRAM AWARD
Department of Commerce
$750K
THIS EDA INVESTMENT FUNDS THE LAUNCH NY #INVESTLOCAL SCALE UP PROJECT, TO IDENTIFY, SUPPORT, AND INVEST IN HIGH-GROWTH, SCALABLE COMPANIES THAT CAN TRANSFORM THE LOCAL ECONOMY THROUGH JOB AND WEALTH CREATION, AND CATALYZE THE ENTREPRENEURIAL CULTURE IN THE 27 COUNTIES COMPRISING THE WESTERN HALF OF UPSTATE NEW YORK. THE PROJECT WILL OPTIMIZE THE DEPLOYMENT OF A MIX OF FOLLOW-ON CAPITAL INVESTMENTS TO THE CURRENT PORTFOLIO OF 80 COMPANIES, WHILE CONTINUING TO MAKE NEW FIRST-TIME INVESTMENTS AND OPTIMIZE A MIX OF ITS REMAINING FIRST-TIME COMPANY INVESTMENTS AND FOLLOW-ON FUNDING FOR THE CURRENT FOR-PROFIT LP FUND I PORTFOLIO OF 52 COMPANIES, YIELDING A FINAL 9 INVESTMENTS, WHILE ESTABLISHING A NEW LP FUND II. ONCE COMPLETED, THE PROJECT IS DESIGNED TO ADVANCE EACH OF LNY'S FINANCING PROGRAMS TO THE NEXT PHASE OF GROWTH IN ORDER TO MEET DEMAND AND MAXIMIZE IMPACT AND SUSTAINABILITY IN THE PROJECT REGION BY: A) RECAPITALIZING ITS NONPROFIT SEED FUND, WHILE OPTIMIZING THE MIX OF FIRST-TIME AND FOLLOW-ON INVESTMENT FROM THIS FUND TO FACILITATE ACHIEVING EVERGREEN STATUS, B) BUILDING AND DEPLOYING ITS SECOND LIMITED PARTNER FUND, WHILE HARVESTING THE PORTFOLIO FROM ITS FIRST LIMITED PARTNER FUND, AND C) GROWING ITS INVESTOR NETWORK BEYOND ITS PILOT PHASE OF 200 INVESTORS TO 500 TO YIELD NEW MEMBERS TO SUPPORT ONGOING TRANSACTIONS AND MORE DEAL-BY-DEAL INVESTMENT PARTICIPATION AMONG ITS MEMBERS.
Department of Commerce
$750K
THE REBOUND AND INNOVATE PROJECT WILL ENABLE LAUNCH NY (LNY), THE ONLY VENTURE DEVELOPMENT ORGANIZATION SERVING HIGH-GROWTH COMPANIES ACROSS THE 27 WESTERNMOST COUNTIES OF NEW YORK STATE, COORDINATED WITH ITS 5-YEAR PARTNER CORNELL UNIVERSITY, TO SOLVE CHALLENGES TO ACCESSING ENTREPRENEURSHIP SUPPORT AND CAPITAL CAUSED BY CORONAVIRUS THROUGH A FULL TRANSITION TO VIRTUAL MENTORSHIP AND NOVEL FINANCING PROGRAMS FOR TECHNOLOGY-BASED STARTUP COMPANIES, DRIVING ECONOMIC RECOVERY AND ENSURING LONG TERM RESILIENCE IN RESPONDING TO SIMILAR THREATS. WITH A LONGSTANDING HISTORY OF SERVING OVER 1150 HIGH-GROWTH STARTUPS WITH PRO BONO MENTORSHIP AND THE MOST ACTIVE SEED FUND IN NEW YORK STATE THROUGH A HYBRID MODEL OF VIRTUAL AND FACE-TO-FACE METHODS, LNY RESPONDED TO COMPANY DEMAND AND PANDEMIC SAFETY REQUIREMENTS BY PILOTING 100% REMOTE ACCESS. REBOUND AND INNOVATE BRINGS FULL-SCALE CAPACITY TO LNY'S DIGITALLY-ENABLED ENTREPRENEURSHIP SUPPORT AND NOVEL CAPITAL ACCESS PROGRAMMING THAT WILL INCLUDE: A) VIRTUAL OFFICE PLATFORM TECHNOLOGIES AND NEW CURRICULUM SUPPORTING ONLINE COMPANY RESILIENCE ASSESSMENT, ONE-ON-ONE COACHING, OFFICE HOURS, INDIVIDUAL AND GROUP EDUCATION, AND INCUBATOR-LIKE FACILITIES ACCOMMODATING STARTUPS, INVESTORS, AND LNY PERSONNEL AND MENTORS, AND B) A COMMERCIAL SCALE TECHNOLOGY PLATFORM FOR LNY'S DIGITAL INVESTOR NETWORK FOR OPTIMIZED REMOTE FUNDRAISING. REBOUND AND INNOVATE WILL YIELD CAPACITY FOR ONGOING ENGAGEMENT OF 50 MENTORS AND STAFF, 250 INVESTORS, AND 200 COMPANIES, ENSURING EQUAL ACCESS THROUGH ITS NEW FOUNDERS GO BIG DIVERSITY AND INCLUSION RESOURCE CENTER. THE PROJECT IS ANTICIPATED TO BUILD LONG TERM VIRTUAL SERVICE CAPACITY AND
Department of Commerce
$750K
LAUNCH NY'S 2021 BUILD TO SCALE VENTURE CHALLENGE BUILD PROGRAM, ENTITLED FAST FORWARD FOR TECH-DRIVEN STARTUPS, IS AN INITIATIVE DESIGNED TO CATAPULT THE GROWING POOL OF SEED STAGE COMPANIES SPAWNED FROM THE WELL ESTABLISHED LAUNCH NY ENTREPRENEUR-IN-RESIDENCE (EIR) PROGRAM AND OTHER ECOSYSTEM PARTNERS TO THE MARKET ENTRY AND EXPANSION PHASE FOR INNOVATIVE TECHNOLOGIES IN UPSTATE NY. AS THE ONLY VENTURE DEVELOPMENT ORGANIZATION SERVING THE 27 WESTERNMOST COUNTIES OF NEW YORK STATE, LAUNCH NY WILL INTRODUCE FAST FORWARD TO SERVE ITS HIGH VOLUME OF STARTUPS WHO HAVE PROGRESSED BEYOND CUSTOMER DISCOVERY AND MINIMUM VIABLE PRODUCT DEVELOPMENT TO HELP THEM SCALE COMMERCIAL OPERATIONS IN TECHNOLOGY-DRIVEN INDUSTRY SECTORS. ADDITIONALLY, SPECIALIZED FAST FORWARD PROTOCOLS WILL BE CREATED FOR HIGH PRIORITY CLUSTERS INCLUDING CLEANTECH AND UNDERREPRESENTED FOUNDERS, ALIGNING WITH ITS EMERGING CLEANTECH OPPORTUNITY (ECO) INCUBATOR AND FOUNDERS GO BIG (FGB) DIVERSITY, EQUITY, AND INCLUSION PROGR
Department of Commerce
$637.2K
INTEGRATED REGIONAL ENTR
Department of the Treasury
$500K
PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of Commerce
$500K
ENTREPRENEURIAL MENTORS
Department of the Treasury
$375K
FINANCIAL ASSISTANCE AWARD
Department of Commerce
$300K
BUILDING INCLUSIVE CAPITAL ACCESS THROUGH AN INVESTOR NETWORK
Department of Commerce
$245.5K
SCALING UP A MENTORSHIP-DRIVEN SEED FUND
Department of the Treasury
$225K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO 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. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.
Department of the Treasury
$225K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$168K
FINANCIAL ASSISTANCE AWARD
Department of the Treasury
$168K
FINANCIAL 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.
Source: IRS e-Filed Form 990
No officer or director compensation data available for this organization.
This data is sourced from IRS Form 990, Part VII. It may not be available if the organization files Form 990-N (e-Postcard) or has not yet been enriched.
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 |
|---|---|---|---|---|---|
| 2023 | $3.8M | $3.1M | $2.7M | $12M | $10M |
| 2022 | $4.3M | $3.8M | $2.4M | $9.6M | $8.6M |
| 2021 | $3.1M | $2.6M | $1.9M | $7.7M | $6.7M |
| 2020 | $3.5M | $2.9M | $1.9M | $5.9M | $5.6M |
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 | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| 2019 | $3.7M | $3.3M | $1.9M | $4.2M | $4M |
| 2018 | $2.5M | $2.4M | $1.5M | $2.3M | $2.1M |
| 2017 | $1.7M | $1.6M | $1.1M | $2.4M | $1.1M |
| 2016 | $1M | $940K | $802.7K | $2.8M | $385.6K |
| 2015 | $939.5K | $968.7K | $949K | $329.1K | $145K |
| 2014 | $3.9M | $3.9M | $3.8M | $2.7M | $103.5K |
| 2013 | $810.6K | $807.2K | $801.5K | $422.2K | $10.5K |
| 2012 | $173.1K | — | $171.7K | $360.7K | — |
| 2021 | 990 | DataIRS e-File |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990-EZ | Data |