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OPPORTUNITY FINANCE NETWORK: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
OPPORTUNITY FINANCE NETWORK (EIN 20-5189202)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-10-10
IRS object ID
202342839349300324
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-10-10T09:55:24-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN132781641PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MITCHELL & TITUS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line180 PINE STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10005ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205189202EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1OPPORTUNITY FINANCE NETWORKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlOPPOBusinessNameControlTxt
Phone2153204317PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1123 S BROAD STREET SUITE 1930AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19109ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBHUMIP PATELPersonNm
Person TitleSVP ACCOUNTING & FINANCEPersonTitleTxt
Phone2153204317PhoneNum
Signature2023-10-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstBHUMIPPersonFirstNm
Person LastPATELPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFREDERICK E DAVIS JRPreparerPersonNm
PTINP00446023PTIN
Phone2157654600PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBHUMIP PATELPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1123 S BROAD STREET SUITE 1930AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19109ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$76,051,659GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.OFN.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2006FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionOPPORTUNITY FINANCE NETWORK'S (OFN) MISSION IS TO LEAD COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND THEIR PARTNERS TO ENSURE THAT LOW-INCOME, LOW-WEALTH, AND OTHER DISINVESTED PEOPLE AND COMMUNITIES HAVE ACCESS TO AFFORDABLE, RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES. OFN IS A NATIONAL LEADERSHIP NETWORK OF MORE THAN 350 CDFIS, INCLUDING COMMUNITY BANKS, CREDIT UNIONS, AND LOAN FUNDS. OFN, THROUGH ITS MEMBERS, INVEST IN LOW-INCOME AND UNDERSERVED RURAL, URBAN, AND NATIVE AMERICAN COMMUNITIES ACROSS ALL 50 STATES IN AMERICA; PROVIDING AFFORDABLE, RESPONSIBLE CREDIT THAT FINANCES COMMUNITY BUSINESSES, SPARKS JOB GROWTH IN THE AREAS THAT NEED IT MOST, AND DELIVERING BOTH SOUND FINANCIAL RETURNS AND REAL CHANGES FOR PEOPLE AND COMMUNITIES. OFN'S PROGRAM AND SERVICES INCLUDES PROVIDING FINANCIAL PRODUCTS AND SERVICES FOR CDFIS, INCREASING THE STRENGTH AND CAPACITY OF THE CDFI INDUSTRY, AS WELL AS AMPLIFYING THE VOICE OF THE INDUSTRY.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee59TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$42,845,699PYContributionsGrantsAmt
CY Contributions Grants$63,110,366CYContributionsGrantsAmt
PY Program Service Revenue$8,858,742PYProgramServiceRevenueAmt
CY Program Service Revenue$11,902,140CYProgramServiceRevenueAmt
PY Investment Income$316,719PYInvestmentIncomeAmt
CY Investment Income$1,035,933CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$52,021,160PYTotalRevenueAmt
CY Total Revenue$76,048,439CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$21,400,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,651,531PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,744,402CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$509,652CYTotalFundraisingExpenseAmt
PY Other Expenses$16,440,871PYOtherExpensesAmt
CY Other Expenses$9,373,203CYOtherExpensesAmt
PY Total Expenses$22,092,402PYTotalExpensesAmt
CY Total Expenses$36,517,605CYTotalExpensesAmt
PY Revenues Less Expenses$29,928,758PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$39,530,834CYRevenuesLessExpensesAmt
Total Assets BOY$225,364,675TotalAssetsBOYAmt
Total Assets EOY$294,224,646TotalAssetsEOYAmt
Total Liabilities BOY$124,638,231TotalLiabilitiesBOYAmt
Total Liabilities EOY$154,676,168TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$100,726,444NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$139,548,478NetAssetsOrFundBalancesEOYAmt
MissionOFN'S MISSION IS TO LEAD CDFIS AND THEIR PARTNERS TO ENSURE THAT LOW-INCOME, LOW-WEALTH, AND OTHER DIVESTED PEOPLE AND COMMUNITIES HAVE ACCESS TO AFFORDABLE, RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$14,447,229ExpenseAmt
Grant$8,025,000GrantAmt
Revenue$8,453,174RevenueAmt
DescFINANCIAL SERVICES: EXPANDING ACCESS TO RESPONSIBLE, AFFORDABLE CAPITAL.FINANCIAL SERVICES INCLUDES THE FOLLOWING ACTIVITIES WHICH BENEFIT LOW-INCOME AND LOW-WEALTH COMMUNITIES THROUGHOUT THE U.S: OFN'S FINANCING FUND (ON BALANCE-SHEET LENDING AND INVESTING TO CDFIS); FUND MANAGEMENT SERVICES (FEE-BASED BUSINESS PROVIDING CDFI FUND MANAGEMENT AND ASSET MANAGEMENT SERVICES TO THIRD PARTY INVESTORS); NEW MARKETS TAX CREDIT ACTIVITY; AND CDFI BOND GUARANTEE PROGRAM BOND ISSUANCE AND ADMINISTRATIVE SERVICES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$18,347,442ExpenseAmt
Grant$13,375,000GrantAmt
Revenue$3,428,835RevenueAmt
DescSTRENGTH: BUILDING POTENTIAL FOR IMPACT.OFN STRENGTHENS THE CDFI INDUSTRY BY PROVIDING PEER LEARNING OPPORTUNITIES, RESEARCH, INNOVATIVE NETWORKING PLATFORMS, AND SIGNATURE ANNUAL EVENTS (E.G. THE OFN CONFERENCE AND SMALL BUSINESS FINANCE FORUM) FOR CDFI PRACTITIONERS, PARTNERS, AND INVESTORS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$1,566,722ExpenseAmt
Revenue$20,000RevenueAmt
DescVOICE: AMPLIFYING THE CDFI MESSAGE AND SECURING STAKEHOLDER SUPPORT.ACROSS MULTIPLE PLATFORMS AND AUDIENCES, OFN'S STRATEGIC COMMUNICATIONS AND POLICY ADVOCACY DRIVE THE MESSAGE THAT CDFI INVESTMENTS TRANSFORM COMMUNITIES AND CHANGE LIVES-AND INCREASES RESOURCES TO CDFIS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Revenue$131RevenueAmt
FieldValueIRS element (for citing)
Total Other Prog Srvc Revenue$131TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$34,361,393TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document37IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee59EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldAKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldALStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldARStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldAZStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldHIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMEStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMSStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMOStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNMStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNVStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOKStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldRIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldUTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldVAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldWVStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LAURIE CURRANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2153204317PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1123 S BROAD STREET SUITE 1930AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19109ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
DONNA GAMBRELL
BOARD CHAIR2.00Yes (X)Yes (X)$0$0$0
BETSY BIEMANN
BOARD VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
ROBERT VILLARREAL
BOARD TREASURER2.00Yes (X)Yes (X)$0$0$0
DAVID BECK
BOARD MEMBER2.00Yes (X)$0$0$0
AISHA BENSON
BOARD MEMBER2.00Yes (X)$0$0$0
MARLA BILONICK
BOARD MEMBER2.00Yes (X)$0$0$0
ELENA GONZALES
BOARD MEMBER2.00Yes (X)$0$0$0
HENRY JIMENEZ
BOARD MEMBER SINCE OCT 20222.00Yes (X)$0$0$0
TED PICCOLO
BOARD MEMBER2.00Yes (X)$0$0$0
SARA RAZAVI
BOARD MEMBER2.00Yes (X)$0$0$0
CHRISTINA TRAVERS
BOARD MEMBER2.00Yes (X)$0$0$0
LISA MENSAH
PRESIDENT & CEO THRU AUG 31, 202240.00Yes (X)Yes (X)$339,989$0$24,078
CARLA MANNINGS
BOARD MEMBER THRU OCT 20222.00Yes (X)$0$0$0
BETH LIPSON
INTERIM PRESIDENT & CEO & CHIEF FINANCIAL OFFICER40.00Yes (X)$256,457$0$3,922
AMBER BELL
CHIEF STRATEGY & OPERATION40.00Yes (X)$234,854$0$23,582
JENNIFER VASILOFF
CHIEF EXTERNAL AFFAIRS OFF40.00Yes (X)$230,875$0$3,923
SHAKEYDA DANIELS
SENIOR VP, FINANCIAL SERVI40.00Yes (X)$166,804$0$9,791
ANDREA LONGTON
SENIOR VP, FINANCIAL SVCS40.00Yes (X)$175,650$0$4,140
BHUMIP PATEL
SENIOR VP, ACCOUNTING & FINANCE40.00Yes (X)$175,198$0$2,149
MARY WRIGHT
SENIOR VP, FINANCIAL SVCS40.00Yes (X)$187,649$0$3,923
SETH JULYAN
EXECUTIVE VP, NETWORK SERVICES40.00$193,401$0$21,246Yes (X)
DAFINA WILLIAMS
EXECUTIVE VP, EXTERNAL AFFAIRS40.00$169,638$0$14,060Yes (X)
TAMARA FRYE
SENIOR VP, HUMAN RESOURCES40.00$136,346$0$2,386Yes (X)
SINDHU LAKSHMANAN
SENIOR VP, DEVELOPMENT SERVICES40.00$130,398$0$7,669Yes (X)
ADRIENNE SMITH
SENIOR VP, RESEARCH40.00$127,615$0$677Yes (X)
KHALID SARWARY
SENIOR INVESTMENT OFFICER40.00$122,589$0$27,293Yes (X)
LAURIE CURRAN
VP, ACCOUNTING40.00$114,751$0$32,694Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,762,214TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$181,533TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K15IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
AUGUST LEADERSHIP LLC
275 MADISON AVE SUITE 1500NEW YORKNY10016RECRUITING SERVICES$172,393
ALL AROUND CREATIVE
105 ATSION ROAD SUITE JMEDFORDNJ08055MARKETING SERVICES$143,245
FAEGRE DRINKER BIDDLE & REATH LLP
ONE LOGAN SQUARE SUITE 2000PHILADELPHIAPA19103LEGAL SERVICES$138,691
MITCHELL TITUS
80 PINE STREET SUITE 3220NEW YORKNY10005AUDIT AND TAX SERVICES$108,308
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Membership Dues$866,950MembershipDuesAmt
Government Grants$590,000GovernmentGrantsAmt
All Other Contributions$61,653,416AllOtherContributionsAmt
Total Contributions$63,110,366TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST ON LOANS525990$5,053,861$5,053,861
OTHER FEES900099$3,422,644$3,422,644
SPONSORSHIP INCOME900099$1,928,583$1,928,583
TRAINING EVENTS900099$1,497,052$1,497,052
FieldValueIRS element (for citing)
Total Program Service Revenue$11,902,140TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,039,153TotalRevenueColumnAmt
Exclusion$1,039,153ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$3,220SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$3,220SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$3,220TotalRevenueColumnAmt
Exclusion-$3,220ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$76,048,439TotalRevenueColumnAmt
Related Or Exempt Func Income$11,902,140RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,035,933ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$21,400,000TotalAmt
Program Services$21,400,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,761,825TotalAmt
Program Services$1,929,157ProgramServicesAmt
Management And General$656,245ManagementAndGeneralAmt
Fundraising$176,423FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,240,753TotalAmt
Program Services$1,727,989ProgramServicesAmt
Management And General$371,791ManagementAndGeneralAmt
Fundraising$140,973FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$388,247TotalAmt
Program Services$287,413ProgramServicesAmt
Management And General$75,674ManagementAndGeneralAmt
Fundraising$25,160FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$353,577TotalAmt
Program Services$261,748ProgramServicesAmt
Management And General$68,916ManagementAndGeneralAmt
Fundraising$22,913FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$140,800TotalAmt
Program Services$140,800ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$201,976TotalAmt
Program Services$199,476ProgramServicesAmt
Management And General$2,105ManagementAndGeneralAmt
Fundraising$395FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$137,475TotalAmt
Program Services$101,771ProgramServicesAmt
Management And General$26,795ManagementAndGeneralAmt
Fundraising$8,909FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$574,269TotalAmt
Program Services$557,757ProgramServicesAmt
Management And General$16,512ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$50,779TotalAmt
Program Services$40,566ProgramServicesAmt
Management And General$7,953ManagementAndGeneralAmt
Fundraising$2,260FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$568,096TotalAmt
Program Services$411,972ProgramServicesAmt
Management And General$140,477ManagementAndGeneralAmt
Fundraising$15,647FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$580,803TotalAmt
Program Services$429,960ProgramServicesAmt
Management And General$113,205ManagementAndGeneralAmt
Fundraising$37,638FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,225,408TotalAmt
Program Services$2,153,847ProgramServicesAmt
Management And General$35,757ManagementAndGeneralAmt
Fundraising$35,804FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$85,084TotalAmt
Program Services$79,249ProgramServicesAmt
Management And General$4,830ManagementAndGeneralAmt
Fundraising$1,005FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,722,686TotalAmt
Program Services$1,722,686ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$158,711TotalAmt
Program Services$117,491ProgramServicesAmt
Management And General$30,935ManagementAndGeneralAmt
Fundraising$10,285FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$77,493TotalAmt
Program Services$57,367ProgramServicesAmt
Management And General$15,104ManagementAndGeneralAmt
Fundraising$5,022FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
LOAN LOSS RESERVE$2,119,915$2,119,915$0$0
STAFF DEVELOPMENT$287,045$212,495$55,948$18,602
MEMBERSHIP$125,485$123,665$738$1,082
MISC EXPENSES$98,370$89,416$6,948$2,006

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$218,808TotalAmt
Program Services$196,653ProgramServicesAmt
Management And General$16,627ManagementAndGeneralAmt
Fundraising$5,528FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$36,517,605TotalAmt
Program Services$34,361,393ProgramServicesAmt
Management And General$1,646,560ManagementAndGeneralAmt
Fundraising$509,652FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$69,253,310BOYAmt
EOY$63,584,438EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,087,500BOYAmt
EOY$3,175,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$837,466BOYAmt
EOY$645,381EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$143,912,767BOYAmt
EOY$179,544,269EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$159,747BOYAmt
EOY$240,522EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,145,522LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,412,815LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$870,596BOYAmt
EOY$732,707EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$3,810,960BOYAmt
EOY$29,245,310EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,432,329BOYAmt
EOY$17,057,019EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$225,364,675BOYAmt
EOY$294,224,646EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$604,662BOYAmt
EOY$1,046,735EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,741,192BOYAmt
EOY$1,468,706EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$109,714,562BOYAmt
EOY$122,370,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$12,577,815BOYAmt
EOY$29,790,727EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$124,638,231BOYAmt
EOY$154,676,168EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$57,654,885BOYAmt
EOY$91,533,037EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$43,071,559BOYAmt
EOY$48,015,441EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$100,726,444BOYAmt
EOY$139,548,478EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$225,364,675BOYAmt
EOY$294,224,646EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$39,530,834ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$708,800NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,204,443CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,614,604CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$21,794,850CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$21,745,924CurrentTaxYearMinus1YearAmt
Current Tax Year$23,110,366CurrentTaxYearAmt
Total$78,470,187TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$8,772,329CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,729,250CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,745,438CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,858,742CurrentTaxYearMinus1YearAmt
Current Tax Year$11,902,140CurrentTaxYearAmt
Total$47,007,899TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$12,976,772CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$16,343,854CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$30,540,288CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$30,604,666CurrentTaxYearMinus1YearAmt
Current Tax Year$35,012,506CurrentTaxYearAmt
Total$125,478,086TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$216,055CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,151,086CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$17,356,230CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,045,636CurrentTaxYearMinus1YearAmt
Current Tax Year$17,065,000CurrentTaxYearAmt
Total$52,834,007TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$216,055CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,151,086CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$17,356,230CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$17,045,636CurrentTaxYearMinus1YearAmt
Current Tax Year$17,065,000CurrentTaxYearAmt
Total$52,834,007TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$72,644,079PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$119,691CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$111,761CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$128,669CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$137,904CurrentTaxYearMinus1YearAmt
Current Tax Year$1,039,153CurrentTaxYearAmt
Total$1,537,178TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$119,691CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$111,761CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$128,669CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$137,904CurrentTaxYearMinus1YearAmt
Current Tax Year$1,039,153CurrentTaxYearAmt
Total$1,537,178TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$13,096,463CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$16,455,615CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$30,668,957CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$30,742,570CurrentTaxYearMinus1YearAmt
Current Tax Year$36,051,659CurrentTaxYearAmt
Total$127,015,264TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.57190PublicSupportCY509Pct
Public Support PY5090.61150PublicSupportPY509Pct
Investment Income CY0.01210InvestmentIncomeCYPct
Investment Income PY0.00710InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$2,000FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$38,383FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$40,383FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$36,477,222FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$36,517,605FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,000,000FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$250,000FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$700,455CurrentYearMinus3Amt
Current Year Minus2$1,000,000CurrentYearMinus2Amt
Current Year Minus1$1,000,000CurrentYearMinus1Amt
Current Year$1,000,000CurrentYearAmt
Total$3,700,455TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$5,550,683LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Current Year Minus3$18,316CurrentYearMinus3Amt
Current Year Minus2$39,586CurrentYearMinus2Amt
Current Year Minus1$15,632CurrentYearMinus1Amt
Current Year$40,383CurrentYearAmt
Total$113,917TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus3$175,114CurrentYearMinus3Amt
Current Year Minus2$250,000CurrentYearMinus2Amt
Current Year Minus1$250,000CurrentYearMinus1Amt
Current Year$250,000CurrentYearAmt
Total$925,114TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$1,387,671GrassrootsCeilingAmt

Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp

FieldValueIRS element (for citing)
Current Year Minus3$1,400CurrentYearMinus3Amt
Current Year Minus2$3,150CurrentYearMinus2Amt
Current Year Minus1$2,800CurrentYearMinus1Amt
Current Year$2,000CurrentYearAmt
Total$9,350TotalAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE C, PART IVFormAndLineReferenceDesc
ExplanationOFN CONDUCTS PERMITTED LOBBYING ACTIVITIES AND WORKED IN THE FOLLOWING PRIMARY AREAS IN 2022: FINANCIAL SERVICES, SMALL BUSINESS, CDFI FUND, NEW MARKETS TAX CREDIT, AND NATIVE CDFIS.ExplanationTxt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$763,436OtherCostOrOtherBasisAmt
Depreciation$228,949DepreciationAmt
Book Value$534,487BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$941,004OtherCostOrOtherBasisAmt
Depreciation$889,963DepreciationAmt
Book Value$51,041BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$441,082OtherCostOrOtherBasisAmt
Depreciation$293,903DepreciationAmt
Book Value$147,179BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$732,707TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
CDFI AND OTHER INVESTMENTS$12,518,992
RIGHT OF USE ASSETS$4,538,027
FieldValueIRS element (for citing)
Total Book Value Other Assets$17,057,019TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
LOANS PAYABLE$24,000,000
FUNDS HELD FOR THIRD PARTY$1,252,700
OPERATING LEASE LIABILITY$4,538,027
FieldValueIRS element (for citing)
Total Liability$29,790,727TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$71,439,116TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$708,800NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$24,500DonatedServicesAndUseFcltsAmt
Revenue Not Reported-$684,300RevenueNotReportedAmt
Revenue Subtotal$72,123,416RevenueSubtotalAmt
Other Revenues Not Included$3,925,023OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$3,925,023RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$76,048,439TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$32,617,082TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$24,500DonatedServicesUseFcltsAmt
Expenses Not Reported$24,500ExpensesNotReportedAmt
Expenses Subtotal$32,592,582ExpensesSubtotalAmt
Other Expenses Not Included$3,925,023OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$3,925,023ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$36,517,605TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:INCOME TAXES: THE ORGANIZATION IS GENERALLY 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 SIGNIFICANT NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OF THE FINANCIAL STATEMENTS. CONSEQUENTLY, NO ACCRUAL FOR INTEREST AND PENALTIES WAS DEEMED NECESSARY FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL AND STATE JURISDICTIONS. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATION BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR YEARS BEFORE 2019.
PART XI, LINE 4B - OTHER ADJUSTMENTS:INTEREST EXPENSES 1,805,108. PROVISION FOR LOAN LOSSES 2,119,915.
PART XII, LINE 4B - OTHER ADJUSTMENTS:INTEREST EXPENSES 1,805,108. PROVISION FOR LOAN LOSSES 2,119,915.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (126 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
WIND RIVER DEVELOPMENT FUND
PO BOX 661FTWASHAKIEWY82514830337192501C3$100,000$0FINANCE JUSTICE FUND SUBGRANT
SOLAR ENERGY LOAN FUND
2400 RHODE ISLAND AVEFORTPIERCEFL34950273102098501C3$200,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
CITY FIRST ENTERPRISES INC
1 THOMAS CIRCLE SUITE 700WASHINGTONDC20005522101165501C3$200,000$0FINANCE JUSTICE FUND SUBGRANT
INDIAN LAND CAPITAL COMPANY
151 COUNTRY ROAD B2LITTLECANADAMN55117202744778501C3$200,000$0FINANCE JUSTICE FUND SUBGRANT
NEIGHBORWORKS COLUMBUS
345 6TH STREETCOLUMBUSGA31901582498678501C3$125,000$0FINANCE JUSTICE FUND SUBGRANT
IFF
333 S WABASH AVENUE SUITE 2800CHICAGOIL60604363656836501C3$100,000$0FINANCE JUSTICE FUND SUBGRANT
GROW SOUTH DAKOTA
104 ASH STREET EASTSISSETONSD57262562667948501C3$200,000$0FINANCE JUSTICE FUND SUBGRANT
ECONOMIC & COMM DEV INSTITUTE
1655 OLD LEONARD AVENUECOLUMBUSOH43219311145544501C3$225,000$0FINANCE JUSTICE FUND SUBGRANT
HOUSING PARTNERSHIP FUND
ONE WASHINGTON MALL 12TH FLOORBOSTONMA02108043484336501C3$100,000$0FINANCE JUSTICE FUND SUBGRANT
FLORIDA COMMUNITY LOAN FUND INC
800 N MAGNOLIA AVE STE 106 ORLANDOORLANDOFL32806650545058501C3$150,000$0FINANCE JUSTICE FUND SUBGRANT
GENESIS FUND
22 LINCOLN STREET BRUNSWICKBRUNSWICKME04011010461436501C3$300,000$0FINANCE JUSTICE FUND SUBGRANT
NMSDC BUSINESS CONSORTIUM FUND
1345 AVENUE OF THE AMERICAS 33RDNEWYORKNY10105133407599501C3$250,000$0FINANCE JUSTICE FUND SUBGRANTFLOOR RM 33-031
REDBUD FINANCIAL ALTERNATIVES INC
2871 N MAIN STREETHAZARDKY41701472214397501C3$125,000$0FINANCE JUSTICE FUND SUBGRANT
NEIGHBORWORKS CAPITAL
8484 GEORGIA AVE SUITE 330SILVERSPRINGMD20910841542593501C3$125,000$0FINANCE JUSTICE FUND SUBGRANT
PATHWAY LENDING
201 VENTURE CIRCLENASHVILLETN37228621823596501C3$250,000$0FINANCE JUSTICE FUND SUBGRANT
SAN FRANCISCO HSG ACCELERATOR FUND
244 KEARNEY STREET 5TH FLOORSANFRANCISCOCA94108010716217501C3$250,000$0FINANCE JUSTICE FUND SUBGRANT
INCLUSIVE ACTION FOR THE CITY
2900 E CESAR E CHAVEZ AVENUELOSANGELESCA90033270584116501C3$125,000$0FINANCE JUSTICE FUND SUBGRANT
WORKING WORLD INC
116 NASSAU STREET 513NEWYORKNY10038202264584501C3$175,000$0FINANCE JUSTICE FUND SUBGRANT
TMC COMMUNITY CAPITAL
1720 BROADWAY FLOOR 3OAKLANDCA94612855204018501C3$200,000$0FINANCE JUSTICE FUND SUBGRANT
NEIGHBORHOOD HOUSING SERVICES SAN ANTONIO
851 STEVENS AVENUESANANTONIOTX78210742379794501C3$100,000$0FINANCE JUSTICE FUND SUBGRANT
NEIGHBORHOOD LENDING PARTNERS OF FLORIDA
3615 WEST SPRUCE STREETTAMPAFL33607593138324501C3$150,000$0FINANCE JUSTICE FUND SUBGRANT
CBA FUND
1701 K STREET NW SUITE 1000WASHINGTONDC20006824272195501C3$190,000$0FINANCE JUSTICE FUND SUBGRANT
IMPACT DEVELOPMENT FUND
200 E 7TH STREET SUITE 412LOVELANDCO80537841505466501C3$160,000$0FINANCE JUSTICE FUND SUBGRANT
COUNCIL FOR NATIVE HAWAIIAN ADVANCEMENT
91-1270 KINOIKI ST BUILDING 1KAPOLEIHI96707910313383501C3$400,000$0FINANCE JUSTICE FUND SUBGRANT
NEWWEST COMMUNITY CAPITAL
950 W BANNOCK STREET SUITE 1100BOISEID83702820523355501C3$200,000$0FINANCE JUSTICE FUND SUBGRANT
EXPANDING BLACK BUSINESS NFP
C/O NCIF 135 S LASALLE SUITE 3025CHICAGOIL60603815173829501C3$100,000$0FINANCE JUSTICE FUND SUBGRANT
KENTUCKY HIGHLANDS INVESTMENT CORP
362 OLD WHITLEY ROAD PO BOX 1738LONDONKY40743610673339501C3$100,000$0CF RELENDING GRANT
SOUTHWEST GEORGIA UNITED EMPOWERMENT
123 S 7TH STREETCORDELEGA31015582196032501C3$250,000$0FINANCE JUSTICE FUND SUBGRANT
COMMUNITY CAPITAL NEW YORK INC
44 EXECUTIVE BLVD SUITE 203ELMSFORDNY10523133544227501C3$250,000$0FINANCE JUSTICE FUND SUBGRANT
ACCOMPANY CAPITAL
120 BROADWAY SUITE 230NEWYORKNY10271810584343501C3$100,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
ARCATA ECONOMIC DEVELOPEMENT CORP
707 K STREETEUREKACA95501942674882501C3$75,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
ALLIES FOR COMMUNITY BUSINESS
135 N KEDZIE AVENUECHICAGOIL60612363966573501C3$500,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
ACCION OPPORTUNITY FUND
111 WEST SAINT JOHN STREET SUITESANJOSECA95113311719434501C3$250,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG800
ASSETS LANCASTER
100 S QUEEN STREET SUITE 246LANCASTERPA17603232827808501C3$100,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
FLAGSHIP ENTERPRISE CENTER
2705 ENTERPRISE DRIVE SUITE 150ANDERSONIN46013043732583501C3$100,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
BRIDGEWAY CAPITAL
707 GRANT STREET SUITE 1920PITTSBURGHPA15219251635121501C3$250,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
NAT'L MONORITY SUPPLIER DEV COUNCIL
AVENUE OF AMERICAS 33RD FLOOR RMNEW YORKNY10105133407599501C3$100,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG33-031
BOC CAPITAL CORP
85 SOUTH OXFORD STREETBROOKLYNNY11217113596666501C3$75,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
COOPERATIVE BUSINESS ASSISTANCE CORPORATION
328 MARKET STREET SUITE 201CAMDENNJ08102222807816501C3$75,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
COMMUNITY BUSINESS PARTNERSHIP INC
6564 LOISDALE CT SUITE 600SPRINGFIELDVA01829541760384501C3$100,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
COMMUNITY ENTERPRISE DEVELOPMENT SERVICES
1450 SOUTH HAVANA STREET SUITE 504AURORACO80012453064996501C3$100,000$0OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
CITY FIRST ENTERPRISES INC
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Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationOFN MAKES PASS-THROUGH GRANTS TO MEMBER CDFIS FOR CERTAIN OPERATIONAL AND PROGRAMMATIC PURPOSES. OFN ALSO MAKES CERTAIN PASS THROUGH GRANTS TO CDFIS IN CONJUNCTION WITH ITS LENDING TO CDFIS, SUPPORTING CDFIS WORK IN LOW-INCOME AND OTHER DISINVESTED COMMUNITIES.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
LISA MENSAH
PRESIDENT & CEO THRU AUG 31, 2022$281,490$0$58,499$0$0$0$0$0$24,078$0$364,067$0$0$0
BETH LIPSON
INTERIM PRESIDENT & CEO & CHIEF FINA$256,457$0$0$0$0$0$0$0$3,922$0$260,379$0$0$0
AMBER BELL
CHIEF STRATEGY & OPERATION$231,104$0$3,750$0$0$0$0$0$23,582$0$258,436$0$0$0
JENNIFER VASILOFF
CHIEF EXTERNAL AFFAIRS OFF$227,125$0$3,750$0$0$0$0$0$3,923$0$234,798$0$0$0
SETH JULYAN
EXECUTIVE VP, NETWORK SERVICES$189,651$0$3,750$0$0$0$0$0$21,246$0$214,647$0$0$0
MARY WRIGHT
SENIOR VP, FINANCIAL SVCS$184,649$0$3,000$0$0$0$0$0$3,923$0$191,572$0$0$0
DAFINA WILLIAMS
EXECUTIVE VP, EXTERNAL AFFAIRS$166,638$0$3,000$0$0$0$0$0$14,060$0$183,698$0$0$0
ANDREA LONGTON
SENIOR VP, FINANCIAL SVCS$171,150$0$4,500$0$0$0$0$0$4,140$0$179,790$0$0$0
BHUMIP PATEL
SENIOR VP, ACCOUNTING & FINANCE$172,198$0$3,000$0$0$0$0$0$2,149$0$177,347$0$0$0
SHAKEYDA DANIELS
SENIOR VP, FINANCIAL SERVI$161,554$0$5,250$0$0$0$0$0$9,791$0$176,595$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION PROVIDED INCENTIVE BONUSES TO SELECT HIGHLY COMPENSATED EMPLOYEES RELATED TO PERFORMANCE. THE CEO RECEIVED A BONUS IN AGREEMENT WITH THEIR EMPLOYMENT CONTRACT.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6PER OFN'S BYLAWS, THERE IS ONE CLASS OF MEMBERSHIP AVAILABLE TO PRIVATE, NON-GOVERNMENTAL, MISSION-DRIVEN FINANCIAL INSTITUTIONS THAT MEET THE QUALIFICATIONS FOR MEMBERSHIP. EACH MEMBER IS ENTITLED TO BE REPRESENTED AT ANY MEETING OF THE MEMBERS BY UP TO TWO DELEGATES, WHO SHALL BE EITHER AN EMPLOYEE OF OR A BOARD MEMBER OF THE MEMBER. THE PRESENCE IN PERSON OF DELEGATES REPRESENTING AT LEAST ONE-THIRD OF THE MEMBERS CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS. WHEN A QUORUM IS PRESENT AT ANY MEETING, THE MAJORITY OF THE VOTES PRESENT DECIDES ANY QUESTION BROUGHT BEFORE THE MEETING. EACH MEMBER IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. ALL VOTING, EXCEPT ELECTIONS FOR DIRECTORS WHICH IS BY WRITTEN OR PROXY BALLOT, MAY BE BY VOICE VOTE OR BALLOT. AT LEAST TWO-THIRDS OF THE DIRECTORS ARE ELECTED BY THE MEMBERS. UP TO ONE-THIRD OF THE DIRECTORS ARE APPOINTED BY THE BOARD OF DIRECTORS. NOMINATIONS FOR CANDIDATES FOR DIRECTOR ARE MADE BY A WRITTEN NOTICE TO THE NOMINATING COMMITTEE AND MUST BE ENDORSED BY NOT LESS THAN TWO (2) MEMBERS AND DELIVERED AT LEAST SIXTY (60) DAYS BEFORE THE ELECTION. ALL NOMINATIONS SO MADE BY MEMBERS ARE PRESENTED TO THE MEMBERSHIP FOR CONSIDERATION. NEW BYLAWS MAY BE ADOPTED, OR THE EXISTING BYLAWS MAY BE AMENDED OR REPEALED, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES REPRESENTED. VOTING OCCURS BY PROXY OR IN PERSON AT A DULY HELD MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT.
FORM 990, PART VI, SECTION A, LINE 7APER OFN'S BYLAWS, THERE IS ONE CLASS OF MEMBERSHIP AVAILABLE TO PRIVATE, NON-GOVERNMENTAL, MISSION-DRIVEN FINANCIAL INSTITUTIONS THAT MEET THE QUALIFICATIONS FOR MEMBERSHIP. EACH MEMBER IS ENTITLED TO BE REPRESENTED AT ANY MEETING OF THE MEMBERS BY UP TO TWO DELEGATES, WHO SHALL BE EITHER AN EMPLOYEE OF OR A BOARD MEMBER OF THE MEMBER. THE PRESENCE IN PERSON OF DELEGATES REPRESENTING AT LEAST ONE-THIRD OF THE MEMBERS CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS. WHEN A QUORUM IS PRESENT AT ANY MEETING, THE MAJORITY OF THE VOTES PRESENT DECIDES ANY QUESTION BROUGHT BEFORE THE MEETING. EACH MEMBER IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. ALL VOTING, EXCEPT ELECTIONS FOR DIRECTORS WHICH IS BY WRITTEN OR PROXY BALLOT, MAY BE BY VOICE VOTE OR BALLOT. AT LEAST TWO-THIRDS OF THE DIRECTORS ARE ELECTED BY THE MEMBERS. UP TO ONE-THIRD OF THE DIRECTORS ARE APPOINTED BY THE BOARD OF DIRECTORS. NOMINATIONS FOR CANDIDATES FOR DIRECTOR ARE MADE BY A WRITTEN NOTICE TO THE NOMINATING COMMITTEE AND MUST BE ENDORSED BY NOT LESS THAN TWO (2) MEMBERS AND DELIVERED AT LEAST SIXTY (60) DAYS BEFORE THE ELECTION. ALL NOMINATIONS SO MADE BY MEMBERS ARE PRESENTED TO THE MEMBERSHIP FOR CONSIDERATION. NEW BYLAWS MAY BE ADOPTED, OR THE EXISTING BYLAWS MAY BE AMENDED OR REPEALED, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES REPRESENTED. VOTING OCCURS BY PROXY OR IN PERSON AT A DULY HELD MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT.
FORM 990, PART VI, SECTION A, LINE 7BPER OFN'S BYLAWS, THERE IS ONE CLASS OF MEMBERSHIP AVAILABLE TO PRIVATE, NON-GOVERNMENTAL, MISSION-DRIVEN FINANCIAL INSTITUTIONS THAT MEET THE QUALIFICATIONS FOR MEMBERSHIP. EACH MEMBER IS ENTITLED TO BE REPRESENTED AT ANY MEETING OF THE MEMBERS BY UP TO TWO DELEGATES, WHO SHALL BE EITHER AN EMPLOYEE OF OR A BOARD MEMBER OF THE MEMBER. THE PRESENCE IN PERSON OF DELEGATES REPRESENTING AT LEAST ONE-THIRD OF THE MEMBERS CONSTITUTES A QUORUM FOR THE TRANSACTION OF BUSINESS. WHEN A QUORUM IS PRESENT AT ANY MEETING, THE MAJORITY OF THE VOTES PRESENT DECIDES ANY QUESTION BROUGHT BEFORE THE MEETING. EACH MEMBER IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. ALL VOTING, EXCEPT ELECTIONS FOR DIRECTORS WHICH IS BY WRITTEN OR PROXY BALLOT, MAY BE BY VOICE VOTE OR BALLOT. AT LEAST TWO-THIRDS OF THE DIRECTORS ARE ELECTED BY THE MEMBERS. UP TO ONE-THIRD OF THE DIRECTORS ARE APPOINTED BY THE BOARD OF DIRECTORS. NOMINATIONS FOR CANDIDATES FOR DIRECTOR ARE MADE BY A WRITTEN NOTICE TO THE NOMINATING COMMITTEE AND MUST BE ENDORSED BY NOT LESS THAN TWO (2) MEMBERS AND DELIVERED AT LEAST SIXTY (60) DAYS BEFORE THE ELECTION. ALL NOMINATIONS SO MADE BY MEMBERS ARE PRESENTED TO THE MEMBERSHIP FOR CONSIDERATION. NEW BYLAWS MAY BE ADOPTED, OR THE EXISTING BYLAWS MAY BE AMENDED OR REPEALED, BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE VOTES REPRESENTED. VOTING OCCURS BY PROXY OR IN PERSON AT A DULY HELD MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT.
FORM 990, PART VI, SECTION B, LINE 11BPRIOR TO FILING THE FORM 990, THE SVP, ACCOUNTING AND FINANCE AND THE VP, ACCOUNTING REVIEW THE FORM FOR ACCURACY AND THEN FORWARD IT TO THE CHIEF FINANCIAL OFFICER AND PRESIDENT & CEO FOR REVIEW. IN ADDITION, THE ORGANIZATION SENDS AN ELECTRONIC COPY OF THE FORM 990 TO ITS BOARD OF DIRECTORS. THIS IS PRIMARILY FOR INFORMATIONAL PURPOSES AND TO ALLOW FOR COMMENTS FROM THE BOARD, BUT DOES NOT REQUIRE ACTION FROM THE BOARD.
FORM 990, PART VI, SECTION B, LINE 12CEACH YEAR THE BOARD OF DIRECTORS SIGNS A POTENTIAL CONFLICT OF INTEREST STATEMENT WHICH STATES THAT THEY DO NOT HAVE A POTENTIAL CONFLICT OF INTEREST AS COVERED BY THE OPPORTUNITY FINANCE NETWORK'S CONFLICT OF INTEREST POLICY. IF THE BOARD MEMBER (OR ANY RELATED PARTY) IS INVOLVED IN TRANSACTIONS WITH OFN INCLUDING BUT NOT LIMITED TO LOAN AND GRANT APPLICATIONS TO OFN, AND CONSULTING CONTRACTS WITH OFN, THE BOARD MEMBER DISCLOSES THIS IN A SEPARATE STATEMENT. ALL STAFF ALSO MUST ADHERE TO OFN'S CONFLICT OF INTEREST POLICIES AND REPORT POTENTIAL CONFLICTS FOR REVIEW AND APPROVAL.
FORM 990, PART VI, SECTION B, LINE 15THE COMPENSATION FOR THE PRESIDENT & CEO IS GOVERNED BY AN EXECUTIVE EMPLOYMENT AGREEMENT AND DETERMINED THROUGH AN ANNUAL PERFORMANCE REVIEW. OFN'S BOARD CHAIR MANAGES THIS PROCESS BY REVIEWING THE PRESIDENT & CEO'S PERFORMANCE AGAINST SET GOALS. THEY USE A DOCUMENTED PROCESS OF SELF-ASSESSMENT AND PERFORMANCE REVIEW. THESE RESULTS ARE DOCUMENTED FOR THE RECORDS. OFN SENIOR OFFICERS AND ALL KEY EMPLOYEES UNDERGO AN ANNUAL PERFORMANCE MANAGEMENT REVIEW PROCESS, IN WHICH ANNUAL COMPENSATION IS ALSO REVIEWED. OFN UNDERTAKES A REGULAR EXTERNAL MARKET COMPENSATION STUDY FOR ALL KEY STAFF POSITIONS, WHICH SERVES AS A FOUNDATION BENCHMARK FOR DETERMINING APPROPRIATE STAFF COMPENSATION LEVELS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1NCCA GENERAL PARTNER LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1123 S BROAD STREET SUITE 1930AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP19109ZIPCd
FieldValueIRS element (for citing)
EIN113704951EIN
Primary ActivitiesGENERAL PARTNER OF OPPORTUNITY FUND I, II, AND IIIPrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd
End Of Year Assets$115,700EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1OPPORTUNITY FINANCE NETWORKBusinessNameLine1Txt

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtPredominant Income TypePredominantIncomeTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPct
CDFI COMMUNITY INVESTMENT FUND I LLC
123 S BROAD STREET SUITE 1930PHILADELPHIAPA19109352579326INVESTMENT IN OTHER CDFI ENTITIESDEOPPORTUNITY FINANCE NETWORKEXCLUDED$18,907$1,264,6930Yes (1)0.09090
GOOD TO GROW CDFI INVESTMENT FUND LLC
123 S BROAD STREET SUITE 1930PHILADELPHIAPA19109364907491INVESTMENT IN OTHER CDFI ENTITIESDEOPPORTUNITY FINANCE NETWORKEXCLUDED$29,820$1,259,0710Yes (1)0.05000
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CDFI COMMUNITY INVESTMENT FUND I LLC
B$754,546INDUSTRY STANDARD
CDFI COMMUNITY INVESTMENT FUND I LLC
L$67,259INDUSTRY STANDARD
GOOD TO GROW CDFI INVESTMENT FUND LLC
L$120,000INDUSTRY STANDARD