ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT (EIN 31-1719434)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-09
- IRS object ID
- 202401309349305175
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-09T18:45:52-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 946214841 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARMANINO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 W SAN FERNANDO ST STE 500 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 311719434 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACCION OPPORTUNITY FUND COMMUNITY | BusinessNameLine1Txt |
| Business Name Line2 | DEVELOPMENT | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ACCI | BusinessNameControlTxt |
| Phone | 4082970204 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 WEST ST JOHN STREET 800 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95113 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID COULTAS | PersonNm |
| Person Title | CHIEF FINANCIAL & OPERATING OFFICER | PersonTitleTxt |
| Phone | 4082970204 | PhoneNum |
| Signature | 2024-05-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DAVID | PersonFirstNm |
| Person Last | COULTAS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW PETROSKI | PreparerPersonNm |
| PTIN | P00853132 | PTIN |
| Phone | 4082006400 | PhoneNum |
| Preparation | 2024-05-09 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DAVID COULTAS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 WEST ST JOHN STREET 800 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $51,231,709 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | AOFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1993 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | TO DELIVER AFFORDABLE CAPITAL AND RESPONSIBLE FINANCIAL SOLUTIONS (SEE SCH. O FOR CONTINUATION) TO UNDERSERVED ENTREPRENEURS AND COMMUNITIES, WITH A SPECIAL FOCUS ON LOW-INCOME PEOPLE, PEOPLE OF COLOR, AND WOMEN. | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 182 | TotalEmployeeCnt |
| Total Volunteers | 21 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $32,795,476 | PYContributionsGrantsAmt |
| CY Contributions Grants | $22,422,998 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $25,910,347 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $26,448,246 | CYProgramServiceRevenueAmt |
| PY Investment Income | $242,509 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,630,204 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $58,948,332 | PYTotalRevenueAmt |
| CY Total Revenue | $50,501,448 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,609,335 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,777,529 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,578,270 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $21,601,757 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,137,111 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $17,761,542 | PYOtherExpensesAmt |
| CY Other Expenses | $26,102,705 | CYOtherExpensesAmt |
| PY Total Expenses | $36,949,147 | PYTotalExpensesAmt |
| CY Total Expenses | $51,481,991 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $21,999,185 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$980,543 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $197,674,592 | TotalAssetsBOYAmt |
| Total Assets EOY | $228,764,404 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $123,913,523 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $155,989,008 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $73,761,069 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $72,775,396 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | ACCION OPPORTUNITY FUND'S MISSION IS TO DELIVER AFFORDABLE CAPITAL AND RESPONSIBLE FINANCIAL SOLUTIONS TO UNDERSERVED ENTREPRENEURS AND COMMUNITIES, WITH A SPECIAL FOCUS ON LOW-INCOME PEOPLE, PEOPLE OF COLOR, AND WOMEN. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $40,066,064 | ExpenseAmt |
| Grant | $3,777,529 | GrantAmt |
| Revenue | $23,555,705 | RevenueAmt |
| Desc | SMALL BUSINESS LENDING PROGRAM - THE ORGANIZATION MAKES LOANS TO SMALL BUSINESSES THAT LACK ACCESS TO AFFORDABLE CREDIT FROM TRADITIONAL SOURCES. SINCE INCEPTION, THE ORGANIZATION HAS MADE OVER 26,900 LOANS TOTALING $813 MILLION TO SMALL BUSINESSES WHOSE OWNERS ARE PRIMARILY PEOPLE OF COLOR AND LOW AND MODERATE INCOME. MANY LOANS TO CALIFORNIA-BASED BORROWERS ARE ENROLLED IN A LOAN LOSS RESERVE PARTIALLY FUNDED BY THE STATE OF CALIFORNIA AS PART OF ITS CAPITAL ACCESS PROGRAM. (SEE SCHEDULE O FOR CONTINUATION)BEGINNING IN JUNE 2020, IN RESPONSE TO COVID-19, THE ORGANIZATION BEGAN OFFERING LOWER COST LOANS WITH INTEREST RATES FROM 4-4.25% TO SELECT BORROWERS WHO WERE SEVERELY IMPACTED BY COVID-19. THE ORGANIZATION ALSO BEGAN PARTICIPATING IN SELECT PUBLIC-PRIVATE PARTNERSHIPS THAT OFFER LOW-RATE LOAN PROGRAMS. THESE LOANS ARE TYPICALLY BACKSTOPPED BY A LOAN LOSS RESERVE PROGRAM ADMINISTERED BY A GOVERNMENT AGENCY AND SOLD TO A SPECIAL PURPOSE CREDIT VEHICLE WHERE ONLY A PORTION OF THE LOANS, TYPICALLY 5-10%, REMAIN ON THE ORGANIZATION'S CONSOLIDATED STATEMENT OF FINANCIAL POSITION.IN APRIL 2020 THE ORGANIZATION WAS APPROVED AS A PAYCHECK PROTECTION PROGRAM ("PPP") LENDER BY THE U.S. SMALL BUSINESS ADMINISTRATION. THIS PRODUCT FOR SMALL BUSINESSES RANGES IN SIZE BASED ON THE PAYROLL OF THE COMPANY, HAS A 1% FIXED INTEREST RATE, AND MAY BE FULLY FORGIVABLE IF THE FUNDS ARE USED FOR AN ELIGIBLE PURPOSE. AS OF JUNE 30, 2023, SUBSTANTIALLY ALL PPP LOANS HAVE BEEN FULLY REPAID.THE ORGANIZATION SELLS PARTICIPATIONS IN ITS LOAN PORTFOLIO. THE PURPOSE OF THESE SALES IS TO MANAGE CREDIT CONCENTRATION IN THE ORGANIZATION'S PORTFOLIO AND TO GENERATE LIQUIDITY TO PROVIDE FOR ADDITIONAL LOAN GROWTH. LOANS ARE TYPICALLY SOLD AT A PREMIUM OVER FACE VALUE AND THE ORGANIZATION RETAINS THE SERVICING OF THE LOANS, FOR WHICH IT CHARGES A MONTHLY FEE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $747,991 | ExpenseAmt |
| Revenue | $2,892,541 | RevenueAmt |
| Desc | NEW MARKET TAX CREDITS PROGRAM - IN 2003, THE ORGANIZATION WAS CERTIFIED BY THE U.S. DEPARTMENT OF TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION FUND ("CDFI FUND") AS A COMMUNITY DEVELOPMENT ENTITY ("CDE") UNDER ITS NEW MARKET TAX CREDIT ("NMTC") PROGRAM. AS OF JUNE 30, 2023, THE ORGANIZATION HAS RECEIVED A CUMULATIVE TOTAL OF $498 MILLION OF TAX CREDIT ALLOCATIONS. THE ORGANIZATION THROUGH ITS SUBSIDIARY CDE, THE LCD NEW MARKETS FUND, LLC, USES THESE ALLOCATIONS TO ATTRACT NEW CAPITAL TO SUPPORT LARGE REAL ESTATE PROJECTS PROVIDING HIGH COMMUNITY IMPACT IN LOW-INCOME AREAS. AS OF JUNE 30, 2023 AND 2022, THE ORGANIZATION HAS DEPLOYED $471.5 MILLION AND $424 MILLION IN QUALIFIED EQUITY INVESTMENTS ("QEIS"), RESPECTIVELY. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $662,596 | ExpenseAmt |
| Desc | POLICY PROGRAM: ACCION OPPORTUNITY FUND CONDUCTS PROGRAM EVALUATION AND RESEARCH AND ADVOCATES FOR FEDERAL, STATE AND LOCAL PUBLIC POLICIES THAT WILL BENEFIT OUR MISSION AND THE WORKING FAMILIES THAT OUR PROGRAMS SERVE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $41,476,651 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 685 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 182 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ND | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | HI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KATE LAWRENCE | PersonNm |
| Phone | 6506139311 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 WEST ST JOHN STREET STE 800 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95113 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| LUZ LOPEZ URRUTIA | |||||||||
| CHIEF EXECUTIVE OFFICER | 37.00 | 3.00 | Yes (X) | Yes (X) | $403,402 | $0 | $17,826 | ||
| GREG AVIS | |||||||||
| BOARD CHAIR | 1.50 | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JIM KOSHLAND | |||||||||
| VICE CHAIR & SECRETARY | 1.50 | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| ESTEBAN ALTSCHUL | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| TODD BAKER | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| SWATI BHATIA | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| PHIL BLACK | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| DICKSON CHU | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| CARETHA COLEMAN | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| SOLANA COZZO | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| JONI CROPPER | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| DEBRA ENGEL | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| MADELEINE FACKLER | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| BRIAN GRAHAM | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| PARKER HUDNUT | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| MICKEY KONSON | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| LATA KRISHNAN | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| JUANITA LOTT | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| NATHALIE MOLINA NINO | |||||||||
| DIRECTOR (THRU 09/22) | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| SAM RAMOS | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL SCHLEIN | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| DIANA TAYLOR | |||||||||
| DIRECTOR | 1.50 | 1.50 | Yes (X) | $0 | $0 | $0 | |||
| ROLLAND JURGENS | |||||||||
| EVP & CFO (THRU 09/22) | 37.00 | 3.00 | Yes (X) | $366,292 | $0 | $20,148 | |||
| MICHAEL RAPAPORT | |||||||||
| PRESIDENT, COO | 38.50 | 1.50 | Yes (X) | $349,194 | $0 | $34,519 | |||
| LUIS RODRIGUEZ | |||||||||
| CHIEF OPERATIONS & SERVICING OFFICER | 40.00 | 0.00 | $317,287 | $0 | $15,159 | Yes (X) | |||
| GINA HARMAN | |||||||||
| CHIEF ADMINISTRATIVE OFFICER | 32.00 | 0.00 | $315,041 | $0 | $15,862 | Yes (X) | |||
| ANJANA THATTE BERDE | |||||||||
| CHIEF PEOPLE OFFICER | 40.00 | 0.00 | $335,579 | $0 | $15,801 | Yes (X) | |||
| CHRISTOPHER PILKERTON | |||||||||
| CHIEF LEGAL & REGULATORY STRATEGY OFFICER | 40.00 | 0.00 | $318,195 | $0 | $23,938 | Yes (X) | |||
| VERONICA FIGOLI FLEISCHER | |||||||||
| CHIEF DEVELOPMENT OFFICER | 40.00 | 0.00 | $248,063 | $0 | $6,750 | Yes (X) | |||
| GRETCHEN RUETHLING | |||||||||
| SVP, STRATEGIC PARTNERSHIP AND PROGRAMS | 40.00 | 0.00 | $229,330 | $0 | $13,475 | Yes (X) | |||
| LAUREN N VAN DER TUIN | |||||||||
| CHIEF ANALYTICS OFFICER | 40.00 | 0.00 | $319,241 | $0 | $15,259 | Yes (X) | |||
| KEVIN P GABEL | |||||||||
| VP, PRODUCT | 40.00 | 0.00 | $299,096 | $0 | $22,420 | Yes (X) | |||
| ERIC SEAN TRUX | |||||||||
| TREASURER | 40.00 | 0.00 | $256,552 | $0 | $28,540 | Yes (X) | |||
| JAMES XU | |||||||||
| SR. DIRECTOR, ANALYTICS & BUSINESS INTELLIGENCE | 40.00 | 0.00 | $236,503 | $0 | $15,197 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,993,775 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $244,894 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 59 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SUTHERLAND GLOBAL COLLECTION SERVICES LL | |||||
| 1160 PITTSFORD VICTOR ROAD | PITTUSFORD | NY | 14534 | LOAN PAYMENT COLLECTIONS SERVICE | $2,628,410 |
| VIRSA CAPITAL INC | |||||
| 17914 MURPHY PARKWAY | LATHROP | CA | 95330 | REFERRAL FEE FOR SMALL BUSINESS LOANS | $1,739,555 |
| BAIRESDEV LLC | |||||
| 1999 S BASCOM AVENUE | CAMBELL | CA | 95008 | SOFTWARE DEVELOPMENT SERVICES | $776,817 |
| PITON LABS LLC | |||||
| 9450 SW GEMINI DRIVE PMB 44348 | BEAVERTON | OR | 97006 | SOFTWARE DEVELOPMENT SERVICES | $530,801 |
| Q2 SOFTWARE INC | |||||
| PO BOX 205970 | DALLAS | TX | 753205970 | LOAN ORIGINATION SERVICES | $504,383 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 20 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $500,000 | RelatedOrganizationsAmt |
| Government Grants | $3,568,164 | GovernmentGrantsAmt |
| All Other Contributions | $18,354,834 | AllOtherContributionsAmt |
| Noncash Contributions | $49,992 | NoncashContributionsAmt |
| Total Contributions | $22,422,998 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST FROM LOAN PRO | 900099 | $16,709,966 | $16,709,966 |
| LOAN ORIGINATION AND M | 900099 | $3,482,885 | $3,482,885 |
| OTHER | 900099 | $3,362,854 | $3,362,854 |
| SYNDICATION FEES | 900099 | $1,920,000 | $1,920,000 |
| NMTC ADMIN. FEES | 900099 | $972,541 | $972,541 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $26,448,246 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,644,465 | TotalRevenueColumnAmt |
| Exclusion | $1,644,465 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $716,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $718,455 | SecuritiesAmt |
| Other | $11,806 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$2,455 | SecuritiesAmt |
| Other | -$11,806 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$14,261 | TotalRevenueColumnAmt |
| Exclusion | -$14,261 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $50,501,448 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $26,448,246 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,630,204 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $485,000 | TotalAmt |
| Program Services | $485,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,292,529 | TotalAmt |
| Program Services | $3,292,529 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,493,901 | TotalAmt |
| Program Services | $176,219 | ProgramServicesAmt |
| Management And General | $2,046,288 | ManagementAndGeneralAmt |
| Fundraising | $271,394 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,464,358 | TotalAmt |
| Program Services | $12,862,492 | ProgramServicesAmt |
| Management And General | $607,039 | ManagementAndGeneralAmt |
| Fundraising | $1,994,827 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $636,066 | TotalAmt |
| Program Services | $379,067 | ProgramServicesAmt |
| Management And General | $217,928 | ManagementAndGeneralAmt |
| Fundraising | $39,071 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,765,538 | TotalAmt |
| Program Services | $1,181,891 | ProgramServicesAmt |
| Management And General | $510,507 | ManagementAndGeneralAmt |
| Fundraising | $73,140 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,241,894 | TotalAmt |
| Program Services | $659,449 | ProgramServicesAmt |
| Management And General | $498,631 | ManagementAndGeneralAmt |
| Fundraising | $83,814 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,548 | TotalAmt |
| Program Services | $26,765 | ProgramServicesAmt |
| Management And General | $61,783 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $304,385 | TotalAmt |
| Program Services | $12,950 | ProgramServicesAmt |
| Management And General | $291,435 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,886,957 | TotalAmt |
| Program Services | $951,912 | ProgramServicesAmt |
| Management And General | $720,618 | ManagementAndGeneralAmt |
| Fundraising | $214,427 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $828,763 | TotalAmt |
| Program Services | $553,013 | ProgramServicesAmt |
| Management And General | $164,129 | ManagementAndGeneralAmt |
| Fundraising | $111,621 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $210,695 | TotalAmt |
| Program Services | $135,961 | ProgramServicesAmt |
| Management And General | $57,996 | ManagementAndGeneralAmt |
| Fundraising | $16,738 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,268,583 | TotalAmt |
| Program Services | $3,221,848 | ProgramServicesAmt |
| Management And General | $869,145 | ManagementAndGeneralAmt |
| Fundraising | $177,590 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $539,062 | TotalAmt |
| Program Services | $320,747 | ProgramServicesAmt |
| Management And General | $181,067 | ManagementAndGeneralAmt |
| Fundraising | $37,248 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $260,931 | TotalAmt |
| Program Services | $154,227 | ProgramServicesAmt |
| Management And General | $82,216 | ManagementAndGeneralAmt |
| Fundraising | $24,488 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,727 | TotalAmt |
| Program Services | $38,082 | ProgramServicesAmt |
| Management And General | $71,433 | ManagementAndGeneralAmt |
| Fundraising | $17,212 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,106,552 | TotalAmt |
| Program Services | $3,106,552 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $837,322 | TotalAmt |
| Program Services | $500,291 | ProgramServicesAmt |
| Management And General | $278,361 | ManagementAndGeneralAmt |
| Fundraising | $58,670 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,700 | TotalAmt |
| Program Services | $83,469 | ProgramServicesAmt |
| Management And General | $46,442 | ManagementAndGeneralAmt |
| Fundraising | $9,789 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROVISION FOR LOAN LOSS | $8,196,599 | $8,196,599 | ||
| PROGRAM DIRECT EXPENSES | $5,123,738 | $5,122,862 | $264 | $612 |
| RECRUITING EXPENSES | $161,793 | $1,020 | $160,773 | |
| MISCELLANEOUS | $11,443 | $8,811 | $2,174 | $458 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,907 | TotalAmt |
| Program Services | $4,895 | ProgramServicesAmt |
| Fundraising | $6,012 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,481,991 | TotalAmt |
| Program Services | $41,476,651 | ProgramServicesAmt |
| Management And General | $6,868,229 | ManagementAndGeneralAmt |
| Fundraising | $3,137,111 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,219,854 | BOYAmt |
| EOY | $23,076,528 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,067,078 | BOYAmt |
| EOY | $20,203,643 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,361,743 | BOYAmt |
| EOY | $1,994,934 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,896,107 | BOYAmt |
| EOY | $121,445,457 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $714,332 | BOYAmt |
| EOY | $638,362 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,692,049 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,063,585 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,594,204 | BOYAmt |
| EOY | $1,628,464 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,982,711 | BOYAmt |
| EOY | $7,145,340 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $849,273 | BOYAmt |
| EOY | $854,811 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $333,333 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,655,957 | BOYAmt |
| EOY | $51,776,865 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $197,674,592 | BOYAmt |
| EOY | $228,764,404 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,361,087 | BOYAmt |
| EOY | $5,990,234 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,631 | BOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,512,406 | BOYAmt |
| EOY | $148,682,580 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $399 | BOYAmt |
| EOY | $1,316,194 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,913,523 | BOYAmt |
| EOY | $155,989,008 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,184,005 | BOYAmt |
| EOY | $48,534,346 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,577,064 | BOYAmt |
| EOY | $24,241,050 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,761,069 | BOYAmt |
| EOY | $72,775,396 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $197,674,592 | BOYAmt |
| EOY | $228,764,404 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$980,543 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$5,130 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,971,844 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,022,999 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $30,880,553 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $32,795,476 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $22,422,998 | CurrentTaxYearAmt |
| Total | $117,093,870 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,971,844 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,022,999 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $30,880,553 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $32,795,476 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $22,422,998 | CurrentTaxYearAmt |
| Total | $117,093,870 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $13,363,958 | SubstantialContributorsTotAmt |
| Public Support Total170 | $103,729,912 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $79,639 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $37,851 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $83,499 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $49,470 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,644,465 | CurrentTaxYearAmt |
| Total | $1,894,924 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $46,220 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $82,076 | CurrentTaxYearMinus3YearsAmt |
| Total | $128,296 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $119,117,090 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $120,706,241 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.87080 | PublicSupportCY170Pct |
| Public Support PY170 | 0.85260 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $71,448 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $71,448 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $51,410,543 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $51,481,991 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $4,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $75,403 | CurrentYearMinus3Amt |
| Current Year Minus2 | $92,819 | CurrentYearMinus2Amt |
| Current Year Minus1 | $63,383 | CurrentYearMinus1Amt |
| Current Year | $71,448 | CurrentYearAmt |
| Total | $303,053 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $1,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmt |
Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $75,403 | CurrentYearMinus3Amt |
| Total | $75,403 | TotalAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $176,527 | OtherCostOrOtherBasisAmt |
| Depreciation | $175,509 | DepreciationAmt |
| Book Value | $1,018 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $362,331 | OtherCostOrOtherBasisAmt |
| Depreciation | $176,673 | DepreciationAmt |
| Book Value | $185,658 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,153,191 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,711,403 | DepreciationAmt |
| Book Value | $1,441,788 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,628,464 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CASH LIMITED IN USE FOR PROGRAMS | $50,497,058 |
| OPERATING LEASE RIGHT OF USE ASSETS | $1,279,807 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $51,776,865 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| SAVINGS PROGRAM MATCH | $399 |
| OPERATING LEASE LIABILITY | $1,315,795 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,316,194 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $39,873,331 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$5,130 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $680,164 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$8,196,599 | OtherRevenueAmt |
| Revenue Not Reported | -$7,521,565 | RevenueNotReportedAmt |
| Revenue Subtotal | $47,394,896 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $3,106,552 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $3,106,552 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $50,501,448 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $40,859,004 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $680,164 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $680,164 | ExpensesNotReportedAmt |
| Expenses Subtotal | $40,178,840 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $3,106,552 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $8,196,599 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $11,303,151 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $51,481,991 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, RESPECTIVELY. THE ORGANIZATION IS EXEMPT FROM CALIFORNIA STATE INCOME TAXES UNDER THE PROVISION OF SECTION 23701D OF THE REVENUE AND TAXATION CODE. THE ORGANIZATION MAY BE LIABLE FOR INCOME TAXES BASED ON INCOME EARNED IN OTHER STATES IN WHICH IT HAS NOT YET APPLIED FOR EXEMPTION. AS OF JUNE 30, 2023 AND 2022, THE ORGANIZATION ASSESSED THE AMOUNT OF STATE TAXES, IF ANY, TO BE IMMATERIAL TO ITS FINANCIAL STATEMENTS AND DID NOT ACCRUE ANY TAX LIABILITY IN ITS STATEMENT OF FINANCIAL POSITION. THE ORGANIZATION IS SUBJECT TO POTENTIAL EXAMINATION BY TAXING AUTHORITIES FOR INCOME TAX RETURNS FILED IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. THE TAX YEARS THAT REMAIN SUBJECT TO POTENTIAL EXAMINATION FOR THE U.S. FEDERAL JURISDICTION ARE YEARS ENDED JUNE 30, 2020, AND FORWARD. THE STATE OF CALIFORNIA TAX JURISDICTION IS SUBJECT TO POTENTIAL EXAMINATION FOR YEARS ENDED JUNE 30, 2019 AND FORWARD. AS OF JUNE 30, 2023 AND 2022, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | PROVISION FOR LOAN LOSSES -8,196,599. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | PROVISION FOR LOAN LOSSES 8,196,599. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| ACCESSITY | ||||||||
| 404 EUCLID AVENUE SUITE 271 | SAN DIEGO | CA | 92114 | 330620415 | 501(C)(3) | $25,000 | $0 | MICRO-LENDING ACTIVITES & PROGRAM SUPPORT |
| ACCION INTERNATIONAL | ||||||||
| 10 FAWCETT STREET SUITE 204 | CAMBRIDGE | MA | 02138 | 132535763 | 501(C)(3) | $50,000 | $0 | PROGRAM SUPPORT |
| ALLIES FOR COMMUNITY BUSINESS INC | ||||||||
| 135 N KEDZIE AVENUE | CHICAGO | IL | 60612 | 363966573 | 501(C)(3) | $100,000 | $0 | MICRO-LENDING ACTIVITES & PROGRAM SUPPORT |
| CENTER FOR WOMEN & ENTERPRISE INC | ||||||||
| 24 SCHOOL STREET 7TH FLOOR | BOSTON | MA | 02108 | 043256236 | 501(C)(3) | $25,000 | $0 | PROGRAM SUPPORT |
| NALCAB | ||||||||
| 5404 WURZBACH ROAD | SAN ANTONIO | TX | 78238 | 200774672 | 501(C)(3) | $250,000 | $0 | PROGRAM SUPPORT |
| NORTHERN NEVADA HOPES | ||||||||
| 580 WEST 5TH STREET | RENO | NV | 89503 | 860865357 | 501(C)(3) | $10,000 | $0 | PROGRAM SUPPORT |
| HOT BREAD KITCHEN | ||||||||
| 630 FLUSHING AVE SUITE 210 | BROOKLYN | NY | 11206 | 263332972 | 501(C)(3) | $25,000 | $0 | PROGRAM SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 7 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| CASH GRANT | 293 | $2,111,000 | |||
| LOAN PAYMENT RELIEF | 2198 | $1,181,529 | FMV | MONTHLY PAYMENT RELIEF |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 1.GRANTS - OPPORTUNITY FUND FOLLOWED THE GUIDELINE OUTLINED IN THE GRANT AGREEMENTS. 2. OPPORTUNITY FUND, IN THEIR EFFORT TO SUPPORT SMALL BUSINESS OWNERS DURING THE COVID-19 PANDEMIC, INITIATED 2 GRANT PROGRAMS TO INDIVIDUALS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LUZ LOPEZ URRUTIA | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $335,833 | $0 | $67,529 | $0 | $40 | $0 | $9,900 | $0 | $7,926 | $0 | $421,228 | $0 | $0 | $0 |
| ROLLAND JURGENS | ||||||||||||||
| EVP & CFO (THRU 09/22) | $285,000 | $0 | $72,000 | $0 | $9,292 | $0 | $10,800 | $0 | $9,348 | $0 | $386,440 | $0 | $0 | $0 |
| MICHAEL RAPAPORT | ||||||||||||||
| PRESIDENT, COO | $302,625 | $0 | $46,529 | $0 | $40 | $0 | $9,000 | $0 | $25,519 | $0 | $383,713 | $0 | $0 | $0 |
| ANJANA THATTE BERDE | ||||||||||||||
| CHIEF PEOPLE OFFICER | $279,010 | $0 | $56,529 | $0 | $40 | $0 | $0 | $0 | $15,801 | $0 | $351,380 | $0 | $0 | $0 |
| CHRISTOPHER PILKERTON | ||||||||||||||
| CHIEF LEGAL & REGULATORY STRATEGY OF | $277,406 | $0 | $40,749 | $0 | $40 | $0 | $8,250 | $0 | $15,688 | $0 | $342,133 | $0 | $0 | $0 |
| LAUREN N VAN DER TUIN | ||||||||||||||
| CHIEF ANALYTICS OFFICER | $275,000 | $0 | $44,201 | $0 | $40 | $0 | $0 | $0 | $15,259 | $0 | $334,500 | $0 | $0 | $0 |
| LUIS RODRIGUEZ | ||||||||||||||
| CHIEF OPERATIONS & SERVICING OFFICER | $228,131 | $0 | $57,200 | $0 | $31,956 | $0 | $7,800 | $0 | $7,359 | $0 | $332,446 | $0 | $0 | $0 |
| GINA HARMAN | ||||||||||||||
| CHIEF ADMINISTRATIVE OFFICER | $267,800 | $0 | $47,201 | $0 | $40 | $0 | $8,034 | $0 | $7,828 | $0 | $330,903 | $0 | $0 | $0 |
| KEVIN P GABEL | ||||||||||||||
| VP, PRODUCT | $258,000 | $0 | $40,431 | $0 | $665 | $0 | $0 | $0 | $22,420 | $0 | $321,516 | $0 | $0 | $0 |
| ERIC SEAN TRUX | ||||||||||||||
| TREASURER | $206,383 | $0 | $32,129 | $0 | $18,040 | $0 | $6,120 | $0 | $22,420 | $0 | $285,092 | $0 | $0 | $0 |
| VERONICA FIGOLI FLEISCHER | ||||||||||||||
| CHIEF DEVELOPMENT OFFICER | $222,613 | $0 | $23,915 | $0 | $1,535 | $0 | $6,750 | $0 | $0 | $0 | $254,813 | $0 | $0 | $0 |
| JAMES XU | ||||||||||||||
| SR. DIRECTOR, ANALYTICS & BUSINESS I | $209,934 | $0 | $26,529 | $0 | $40 | $0 | $6,262 | $0 | $8,935 | $0 | $251,700 | $0 | $0 | $0 |
| GRETCHEN RUETHLING | ||||||||||||||
| SVP, STRATEGIC PARTNERSHIP AND PROGR | $197,625 | $0 | $31,665 | $0 | $40 | $0 | $5,850 | $0 | $7,625 | $0 | $242,805 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | BONUSES ARE GIVEN EITHER AS RECOGNITION OF EXCEPTIONAL WORK (MOST OF THE TIME OUT OF THE ORDINARY , OUTSIDE OF THE PERSON JOB DESCRIPTION) OR AS EMPLOYEE RETENTION. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $49,992 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | NUMBER OF CONTRIBUTIONS REPRESENTS NUMBER OF DONORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ACCION OPPORTUNITY FUND INC., A DELAWARE NONSTOCK, NONPROFIT CORPORATION, IS THE SOLE STATUTORY MEMBER OF THE FILING ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | ACCION OPPORTUNITY FUND IS THE SOLE STATUTORY MEMBER OF THE FILING ORGANIZATION AS DEFINED IN SECTION 5056 OF THE CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION LAW. AS NEARLY AS POSSIBLE AS ONE-THIRD OF THE DIRECTORS SHALL BE ELECTED TO THE BOARD AT EACH ANNUAL MEETING OF THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | ACCION OPPORTUNITY FUND AUDIT COMMITTEE SHALL HAVE THE RESPONSIBILITY FOR REVIEWING THE ORGANIZATION'S FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. ONCE THE AUDIT COMMITTEE HAS APPROVED THE DRAFT FORM 990, IT SHALL BE SENT TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW, PRIOR TO FILING WITH IRS. ONCE THE REVIEW PERIOD HAS BEEN DULY EXPIRED, THE FORM 990 IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION REQUIRES EACH DIRECTOR, PRINCIPAL OFFICER AND BOARD MEMBERS TO SIGN A DISCLOSURE STATEMENT WHICH AFFIRMS THEY RECEIVED A COPY, READ AND UNDERSTAND, AND COMPLY WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15A | AOFCD USES A MARKET BASED SALARY STRUCTURE FROM 4 (FOUR) COMPETITIVE SETS: NON-PROFIT, FINANCIAL SERVICES-BANKS, FINANCIAL SERVICES-CREDIT UNION, AND FINTECH BASED ON SIZE, REVENUE, INDUSTRY, AND GEOGRAPHIC LOCATION TO CREATE MIN/MID/MAX RANGES FOR EACH ROLE. HUMAN RESOURCES REVIEWS EXTERNAL MARKET DATA ANNUALLY. THE BOARD OF DIRECTORS VOTES ON THE CEO'S SALARY. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST IN WRITING TO THE ORGANIZATION. THE FORM 990 IS ALSO AVAILABLE AT GUIDESTAR.ORG. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACCION OPPORTUNITY FUND INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 WEST ST JOHN STREET STE 800 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 454127501 | EIN |
| Primary Activities | MICROFINANCE TO ENHANCE ECONOMIC DEVELOPMENT AND SELF SUFFICIENCY | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (23 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Share Of EOY AssetsShareOfEOYAssetsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LCD NEW MARKETS FUND XIX LLC | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 471097946 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $2 | 0 | Yes (1) | 0.00010 | |
| LCD NEW MARKETS FUND XX LLC | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 471108301 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $3 | 0 | Yes (1) | 0.00010 | |
| LCD NEW MARKETS FUND XXI LLC | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 471120556 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $8 | 0 | Yes (1) | 0.00010 | |
| LCD NEW MARKETS FUND XXII LLC | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 471131031 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $2 | 0 | Yes (1) | 0.00010 | $627 |
| LCD NEW MARKETS FUND XXIII LLC | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 471146746 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $21 | 0 | Yes (1) | 0.00010 | $1,562 |
| LCD NEW MARKETS FUND XXIV | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 471151234 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $9 | 0 | Yes (1) | 0.00010 | $1,431 |
| LCD NEW MARKETS FUND XXIX LLC | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 815030853 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $6 | 0 | Yes (1) | 0.00010 | $1,131 |
| LCD NEW MARKETS FUND XXV | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 814931866 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $11 | 0 | Yes (1) | 0.00010 | $1,601 |
| LCD NEW MARKETS FUND XXVI | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 814959450 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $11 | 0 | Yes (1) | 0.00010 | $1,385 |
| LCD NEW MARKETS FUND XXVII | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 814987352 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $22 | 0 | Yes (1) | 0.00010 | $2,098 |
| LCD NEW MARKETS FUND XXVIII LLC | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 815019797 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $5 | 0 | Yes (1) | 0.00010 | $976 |
| LCD NEW MARKETS FUND XXX LLC | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 815047591 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $7 | 0 | Yes (1) | 0.00010 | $1,277 |
| LCD NEW MARKETS FUND XXXI LLC | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842183852 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $4 | 0 | Yes (1) | 0.00010 | $985 |
| LCD NEW MARKETS FUND XXXII LLC | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842239967 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $5 | 0 | Yes (1) | 0.00010 | $1,179 |
| LCD NEW MARKETS FUND XXXIII | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842245040 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $8 | 0 | Yes (1) | 0.00010 | $1,040 |
| LCD NEW MARKETS FUND LLC | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 161666636 | ATTRACT CAPITAL TO REAL ESTATE PROJECTS IN LOW INCOME AREAS | DE | ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT | RELATED | $179 | 0 | Yes (1) | 0.99000 | $23,641 |
| LCD NEW MARKETS FUND XXXIV | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842264312 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $3 | 0 | Yes (1) | 0.00010 | $1,045 |
| LCD NEW MARKETS FUND XXXV | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842275554 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $18 | 0 | Yes (1) | 0.00010 | $1,499 |
| LCD NEW MARKETS FUND XXXVII | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842351711 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $19 | 0 | Yes (1) | 0.00010 | $1,004 |
| LCD NEW MARKETS FUND XXXVI | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 842313746 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $14 | 0 | Yes (1) | 0.00010 | $811 |
| LCD NEW MARKETS FUND XXXVIII | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 873466204 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | $1 | 0 | Yes (1) | 0.00010 | $647 |
| LCD NEW MARKETS FUND XL | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 882039128 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | 0 | Yes (1) | 0.00010 | $1,643 | |
| LCD NEW MARKETS FUND XLI | |||||||||||||
| 111 WEST ST JOHN STREET SUITE 800 | SAN JOSE | CA | 95113 | 882065471 | PROVIDES LOANS IN LOW INCOME COMMUNITIES | DE | LCD NEW MARKETS FUND LLC | RELATED | 0 | Yes (1) | 0.00010 | $1,700 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (42 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| LCD NEW MARKETS FUND XIX | ||
| A | $2 | CASH |
| LCD NEW MARKETS FUND XX | ||
| A | $3 | CASH |
| LCD NEW MARKETS FUND XXI | ||
| A | $8 | CASH |
| LCD NEW MARKETS FUND XXII | ||
| A | $2 | CASH |
| LCD NEW MARKETS FUND XXIII | ||
| A | $21 | CASH |
| LCD NEW MARKETS FUND XXIV | ||
| A | $9 | CASH |
| LCD NEW MARKETS FUND XXV | ||
| A | $11 | CASH |
| LCD NEW MARKETS FUND XXVI | ||
| A | $11 | CASH |
| LCD NEW MARKETS FUND XXVII | ||
| A | $22 | CASH |
| LCD NEW MARKETS FUND XXVIII | ||
| A | $5 | CASH |
| LCD NEW MARKETS FUND XXIX | ||
| A | $6 | CASH |
| LCD NEW MARKETS FUND XXX | ||
| A | $7 | CASH |
| LCD NEW MARKETS FUND XXXI | ||
| A | $4 | CASH |
| LCD NEW MARKETS FUND XXXII | ||
| A | $5 | CASH |
| LCD NEW MARKETS FUND XXXIII LLC | ||
| A | $8 | CASH |
| LCD NEW MARKETS FUND XXXIV LLC | ||
| A | $3 | CASH |
| LCD NEW MARKETS FUND XXXV LLC | ||
| A | $18 | CASH |
| LCD NEW MARKETS FUND XXXVI LLC | ||
| A | $14 | CASH |
| LCD NEW MARKETS FUND XXXVII LLC | ||
| A | $19 | CASH |
| LCD NEW MARKETS FUND XXXVIII LLC | ||
| A | $1 | CASH |
| LCD NEW MARKETS FUND XIX LLC | ||
| L | $20,400 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XX LLC | ||
| L | $16,000 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXI LLC | ||
| L | $66,474 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXII LLC | ||
| L | $32,500 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXIII LLC | ||
| L | $72,450 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXIV LLC | ||
| L | $66,150 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXV LLC | ||
| L | $65,000 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXVI LLC | ||
| L | $56,800 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXVII LLC | ||
| L | $96,750 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXVIII LLC | ||
| L | $39,870 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXIX LLC | ||
| L | $51,975 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXX LLC | ||
| L | $58,500 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXXI LLC | ||
| L | $45,000 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXXII LLC | ||
| L | $48,000 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXXIII LLC | ||
| L | $47,745 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXXIV LLC | ||
| L | $42,000 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXXV LLC | ||
| L | $60,000 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXXVI LLC | ||
| L | $16,178 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXXVII LLC | ||
| L | $40,000 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XXXVIII LLC | ||
| L | $17,117 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XL LLC | ||
| L | $19,250 | CASH/ACCRUAL |
| LCD NEW MARKETS FUND XLI LLC | ||
| L | $12,538 | CASH/ACCRUAL |