2022-05-16T17:15:52-05:00 2021-06-30 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2020-07-01 260003950 LIVING CITIES INC THE NATIONAL COMMUNITY DEVELOPMENT INITIATIVE LIVI 6464422200 1730 M STREET NW NO 400 WASHINGTON DC 20036 JOSEPH SCANTLEBURY CEO 6464422200 2022-05-16 1 JOSEPH SCANTLEBURY 999009999 FREDERICK E DAVIS JR P00446023 2127094500 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOSEPH SCANTLEBURY 1730 M STREET NW NO 400 WASHINGTON DC 20036 12463334 0 X WWW.LIVINGCITIES.ORG X 2001 DE LIVING CITIES HARNESSES THE COLLECTIVE POWER OF PHILANTHROPY AND FINANCIAL INSTITUTIONS TO IMPROVE THE LIVES OF LOW-INCOME PEOPLE AND THE CITIES WHERE THEY LIVE. 19 19 38 0 0 0 19536519 11502778 0 0 495684 650741 135474 309815 20167677 12463334 1107472 1466502 0 0 5241918 5360340 0 0 347768 3832627 4028471 10182017 10855313 9985660 1608021 61675903 53612951 34996738 25228434 26679165 28384517 LIVING CITIES HARNESSES THE COLLECTIVE POWER OF PHILANTHROPY AND FINANCIAL INSTITUTIONS TO IMPROVE THE LIVES OF LOW-INCOME PEOPLE AND THE CITIES WHERE THEY LIVE. 0 0 2830226 450000 0 CLOSING THE GAPS NETWORK - THE CLOSING THE GAPS NETWORK IS A PROGRAMMATIC AREA CONSISTING OF THREE SUB INITIATIVES, WHICH ARE PRACTICE AREAS, STRATEGY AREA, AND FIELD BUILDING AND SECTORAL CHANGE. THE CLOSING THE GAPS NETWORK ACKNOWLEDGES THAT THROUGH POLICIES, LAWS, AND PRACTICES THAT CONFERRED ADVANTAGES AND DISADVANTAGES ALONG RACIAL LINES, GOVERNMENT HAS PLAYED A LARGE ROLE IN CREATING AND MAINTAINING INEQUITIES THAT HAVE LED TO RACIAL INCOME AND WEALTH GAPS. GOVERNMENT CAN PLAY AN OUTSIZED ROLE IN ADDRESSING THEM. THE NETWORK BRINGS TOGETHER LOCAL GOVERNMENT LEADERS FROM UP TO 30 CITIES FROM ACROSS THE COUNTRY WHO ARE COMMITTED TO IMAGINING WHAT AN ANTIRACIST SOCIETY MIGHT LOOK LIKE, AND TO PLAYING AN IMPORTANT ROLE IN BUILDING IT THROUGH TRANSFORMING GOVERNMENT POLICIES, PRACTICES, AND OPERATIONS. 1997687 0 557618 CAPITAL FOR THE NEW MAJORITY - ACCORDING TO EXISTING DATA TO BETTER UNDERSTAND THE SCALE OF THE RACIAL INCOME AND WEALTH GAPS, CAPITAL IS NOT DISTRIBUTED EQUITABLY. IN A COUNTRY UNDERGOING RAPID DEMOGRAPHIC SHIFTS, ADDRESSING SYSTEMIC RACIAL DISPARITIES IS PARAMOUNT. THIS PROJECT WILL IDENTIFY OPPORTUNITIES TO SHIFT POWER WITHIN THE CAPITAL SYSTEMS AND ACHIEVE BETTER OUTCOMES FOR ALL PEOPLE LIVING IN U.S. CITIES. CAPITAL FOR THE NEW MAJORITY WILL EXPLORE THE CREATION OF A HYBRID EQUITY FUND THAT ADDRESSES THE CAPITAL NEEDS OF FUND MANAGERS OF COLOR, EXAMINE WAYS TO LEVEL THE PLAYING FIELD FOR WEALTH BUILDING, AND LEVERAGE RELATIONSHIPS TO PROMOTE THE DEVELOPMENT OF A COMMUNITY PRACTICE THAT CHANNELS CAPITAL INTO THE HANDS OF FOUNDERS AND FUND MANAGERS OF COLOR. 1148874 0 0 LEARNING, STORYTELLING AND RESULTS - BY OPEN SOURCING SOCIAL CHANGE, LIVING CITIES WORKS AT THE INTERSECTION OF LEARNING, INFORMATION, STORY AND TECHNOLOGY TO BRING PEOPLE AND RESOURCES TOGETHER. LEARNING, STORYTELLING AND RESULTS EXPLORES WAYS IN WHICH DATA AND LEARNING STORIES CAN BE GATHERED, ANALYZED AND USED IN DECISION-MAKING FOR COLLECTIVE IMPACT INITIATIVES. THIS PROJECT DISSEMINATES VARIOUS TOOLS AND RESOURCES IN AN EFFORT TO DEEPEN AND ACCELERATE PROMISING SOLUTIONS TO CLOSING RACIAL INCOME AND WEALTH GAPS. 1780666 1780666 7757453 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 55 0 1 38 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC NY X ESTHER MENSAH-SULLIVAN 6464422222 1730 M STREET NW SUITE 400 WASHINGTON DC 20036 BRANDEE MCHALE BOARD MEMBER, CHAIR 2.00 X 0 0 0 LATA REDDY BOARD MEMBER, VICE PRESIDENT 2.00 X 0 0 0 DON CHEN BOARD MEMBER, TREASURER 2.00 X 0 0 0 JOE SCANTLEBURY MANAGING DIRECTOR, SECRETARY 2.00 X 0 0 0 LISA HAMILTON BOARD MEMBER 1.00 X 0 0 0 ANDREW PLEPLER BOARD MEMBER 1.00 X 0 0 0 MARIA TORRES-SINGER BOARD MEMBER 1.00 X 0 0 0 RYAN RIPPEL BOARD MEMBER 1.00 X 0 0 0 BARBARA PICOWER BOARD MEMBER 1.00 X 0 0 0 RIP RAPSON BOARD MEMBER 1.00 X 0 0 0 TAWA MITCHELL BOARD MEMBER 1.00 X 0 0 0 KARA CARLISLE BOARD MEMBER 1.00 X 0 0 0 DENNIS WHITE BOARD MEMBER 1.00 X 0 0 0 SHANE HARRIS BOARD MEMBER 1.00 X 0 0 0 OTIS ROLLEY III BOARD MEMBER 1.00 X 0 0 0 JIM BAEK BOARD MEMBER 1.00 X 0 0 0 CELINE SUAREZ BOARD MEMBER 1.00 X 0 0 0 RICHARD BESSER BOARD MEMBER 1.00 X 0 0 0 PHILLIP GASKIN BOARD MEMBER 1.00 X 0 0 0 LYNETTE BELL BOARD MEMBER 1.00 X 0 0 0 BEN HECHT PRESIDENT & CEO 40.00 X 451270 0 29414 CHIPO SACHIRARWE CHIEF OPERATING OFFICER 40.00 X 164749 0 28458 JANAY QUEEN NAZAIRE CHIEF STRATEGY OFFICER 40.00 X 200266 0 25385 DEMETRIC DUCKETT MANAGING DIRECTOR, CAPITAL 40.00 X 209273 0 28023 ELIZABETH REYNOSO ASSOCIATE DIRECTOR 40.00 X 167964 0 30198 NADIA OWUSU ASSOCIATE DIRECTOR 40.00 X 170480 0 21394 JULIE BOSLAND ASSOCIATE DIRECTOR 40.00 X 166177 0 27179 ESTHER MENSAH-SULLIVAN CONTROLLER 40.00 X 161175 0 31176 1691354 0 221227 8 0 1 0 JBG SMITH PROPERTIES PO BOX 642773 PITTSBURGH PA 15264 RENT 239316 1040 AVENUE OF THE AMERICAS LLC PO BOX 765 SHORT HILLS NJ 07078 RENT 223566 PATTERSON BELKNAP WEBB & TYLER LLP 1133 AVE NEW YORK NY 10036 LEGAL SERVICES 195084 GHOST NOTE AGENCY 229 1/2 PENNSYLVANIA AVENUE SOUTHE WASHINGTON DC 20001 WEBSITE DEVELOPMENT & MAINTENANCE 165175 EREPUBLIC 1100 CONNECTICUT AVENUE NW SUITE WASHINGTON DC 20036 PUBLICATIONS & PROMOTION 163500 5 11502778 11502778 650741 650741 OTHER INCOME 132570 132570 LOAN LOSS RESERVE EXPENSE 123800 123800 MANAGEMENT FEE INCOME 53445 53445 309815 12463334 0 0 960556 X 1406502 1406502 60000 60000 2308104 1189887 770449 347768 2044307 1240856 803451 296162 179765 116397 409171 248359 160812 302596 183670 118926 322236 301450 20786 64778 34813 29965 1660065 1393519 266546 14186 7624 6562 8453 4543 3910 166002 89213 76789 505148 271477 233671 128962 80244 48718 644749 639444 5305 84469 45396 39073 37441 20122 17319 LOAN LOSS RESERVE EXPEN 304253 304253 MISC 39810 30664 9146 UTILITIES 27643 14856 12787 REPAIRS AND MAINTENANCE 7775 4178 3597 12501 6618 5883 10855313 7757453 2750092 347768 24253552 12805131 1082059 2017731 13785309 14199136 13955958 16932200 105848 126617 972530 836304 196610 136226 6241475 4520352 1973625 2794091 81467 81467 61675903 53612951 197514 526156 252058 182311 33990394 24409108 556772 110859 34996738 25228434 X 11327844 9824410 15351321 18560107 26679165 28384517 61675903 53612951 1608021 97331 0 X 0 1 X 1 0 X 28128179 1809243 10337789 19536519 11502778 71314508 28128179 1809243 10337789 19536519 11502778 71314508 45450030 25864478 28168 56579 470328 495684 650741 1701500 4711 88627 31973 135474 309815 570600 73586608 0.35150 0.36940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 249114 219191 29923 723416 617113 106303 136226 2.0% IMPACT VENTURES III LP 1251702 C 2.5% URBAN INNOVATION FD I LP 460000 C DOMESTIC SMALL CAP PFS FUND I, LP 582396 C FOUNDERS FIRST CAPITAL PARTNERS 499993 C 2794091 DEFERRED RENT 110859 110859 X 12560665 97331 97331 12463334 0 12463334 10855313 0 10855313 0 10855313 PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OR FURTHER DISCLOSURE IN THE NOTES TO THE FINANCIAL STATEMENTS. 0 ACTIVEST LLC 712 H STREET NE 993 WASHINGTON DC 20002 852644303 50000 FOR DEVELOPMENT OF REPORT AND CAMPAIGN TO MOTIVATE BONDHOLDERS TO ELIMINATE EXCLUSIONARY SCHOOL DISCIPLINE PRACTICES. CITY OF ALBEQUERQUE 1 CIVIC PLAZA NW ROOM 1080B PO BOX 17 ALBUQUERQUE NM 87102 75000 THE SUPPORT THE CITY'S PARTICIPATION IN THE YEAR OF RECKONING AS THE FOUNDATIONAL RACIAL EQUITY TRAINING AND COMPETENCY BUILDING COMPONENT OF A MULTI-FACETED APPROACH TO WORK WITHIN CITIES. CITY OF AUSTIN 1050 EAST 11TH STREET SUITE 250 AUSTIN TX 78702 75000 THE SUPPORT THE CITY'S PARTICIPATION IN THE YEAR OF RECKONING AS THE FOUNDATIONAL RACIAL EQUITY TRAINING AND COMPETENCY BUILDING COMPONENT OF A MULTI-FACETED APPROACH TO WORK WITHIN CITIES. CITY OF MEMPHIS 125 N MAIN STREET ROOM 348 MEMPHIS TN 38103 75000 THE SUPPORT THE CITY'S PARTICIPATION IN THE YEAR OF RECKONING AS THE FOUNDATIONAL RACIAL EQUITY TRAINING AND COMPETENCY BUILDING COMPONENT OF A MULTI-FACETED APPROACH TO WORK WITHIN CITIES. CITY OF MINNEAPOLIS 350 SOUTH 5TH ST MINNEAPOLIS MN 55415 75000 THE SUPPORT THE CITY'S PARTICIPATION IN THE YEAR OF RECKONING AS THE FOUNDATIONAL RACIAL EQUITY TRAINING AND COMPETENCY BUILDING COMPONENT OF A MULTI-FACETED APPROACH TO WORK WITHIN CITIES. CITY OF ROCHESTER 30 CHURCH ST ROCHESTER NY 14614 75000 THE SUPPORT THE CITY'S PARTICIPATION IN THE YEAR OF RECKONING AS THE FOUNDATIONAL RACIAL EQUITY TRAINING AND COMPETENCY BUILDING COMPONENT OF A MULTI-FACETED APPROACH TO WORK WITHIN CITIES. CITY OF ST PAUL 700 CITY HALL W KELLOGG BLVD SAINT PAUL MN 14614 75000 THE SUPPORT THE CITY'S PARTICIPATION IN THE YEAR OF RECKONING AS THE FOUNDATIONAL RACIAL EQUITY TRAINING AND COMPETENCY BUILDING COMPONENT OF A MULTI-FACETED APPROACH TO WORK WITHIN CITIES OPPORTUNITY HUB 1175 PEACHTREET ROAD NE SUITE 1000 ATLANTA GA 30361 463629769 7500 SPONSORSHIP OF HBCU FOR SOUTH BY SOUTHWEST EVENT PARTNERSHIP. MAYOR'S FUND FOR PHILADELPHIA CITY HALL ROOM 267 PHILADELPHIA PA 19107 1000 CONTRIBUTION IN SUPPORT OF MUNICIPAL MEMBERSHIP COSTS ASSOCIATED WITH THE GOVERNMENT ALLIANCE FOR RACIAL EQUITY (GARE). SCHOOL READINESS CONSULTING LLC 912 THAYER AVENUE SUITE 209 SILVER SPRING MD 20910 450949314 863693 PROJECT TO LIFT BLPOC VOICES IN THE EARLY CHILDHOOD FIELD, AND BUILD AWARENESS, KNOWLEDGE SKILL AND CAPACITY TO ADDRESS RACIAL INEQUITY IN SYSTEMS. X X 0 0 0 0 0 0 0 0 0 BEN HECHT PRESIDENT & CEO 451270 0 0 0 0 0 26277 0 3137 0 480684 0 0 0 CHIPO SACHIRARWE CHIEF OPERATING OFFICER 164749 0 0 0 0 0 12265 0 16193 0 193207 0 0 0 JANAY QUEEN NAZAIRE CHIEF STRATEGY OFFICER 200266 0 0 0 0 0 11864 0 13521 0 225651 0 0 0 DEMETRIC DUCKETT MANAGING DIRECTOR, CAPITAL 209273 0 0 0 0 0 20441 0 7582 0 237296 0 0 0 ELIZABETH REYNOSO ASSOCIATE DIRECTOR 167964 0 0 0 0 0 16909 0 13289 0 198162 0 0 0 NADIA OWUSU ASSOCIATE DIRECTOR 170480 0 0 0 0 0 8105 0 13289 0 191874 0 0 0 JULIE BOSLAND ASSOCIATE DIRECTOR 164677 0 1500 0 0 0 12732 0 14447 0 193356 0 0 0 ESTHER MENSAH-SULLIVAN CONTROLLER 160175 0 1000 0 0 0 15263 0 15913 0 192351 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A EACH "FUNDING ORGANIZATION" HAS THE RIGHT TO APPOINT A DIRECTOR TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 UNDERGOES A NUMBER OF INTERNAL AND EXTERNAL REVIEWS BEFORE IT IS FILED WITH THE IRS. THE RETURN IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM, MITCHELL TITUS, LLP, BASED ON INFORMATION PROVIDED BY THE ORGANIZATION'S ACCOUNTING MANAGER, AND IS REVIEWED PRIOR TO SIGNING BY THE ORGANIZATIONS CEO AND COO FOR FILING. THE AUDIT COMMITTEE IS NOT INVOLVED IN THE REVIEW/FILING PROCESS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES MUST SIGN A CONFLICT OF INTERST DISCLOSURE STATEMENT WHEN HIRED; THE STATEMENT EXPLICITLY REQUIRES THE EMPLOYEE TO REPORT, TO FILE, AND AMEND STATEMENT WITH THE CEO IF A CONFLICT MAY ARISE DURING THEIR TENURE. FORM 990, PART VI, SECTION B, LINE 15 IN 2013, THE ORGANIZATION RETAINED A COMPENSATION CONSULTANT TO REVIEW AND CONFIRM THE SALARY RANGES OF ALL POSITIONS IN THE ORGANIZATION. THE RESULTS OF THAT STUDY WERE UPDATED IN 2015, FISCAL YEAR 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT FEES & EXPENSES: PROGRAM SERVICE EXPENSES 1,280,349. MANAGEMENT AND GENERAL EXPENSES 169,047. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,449,396. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 113,170. MANAGEMENT AND GENERAL EXPENSES 97,499. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 210,669. LIVING CITIES CATALYST FUND LLC 1040 AVENUE OF THE AMERICAS NEW YORK NY 10018 262987680 PRI LENDER DE -1662198 0 LCI LIVING CITIES BLENDED CATALYST FUND LLC 1040 AVENUE OF THE AMERICAS NEW YORK NY 10018 300889697 PRI LENDER DE -579500 26999187 LCI