2022-10-21T14:55:37-05:00 2021-12-31 271728945 PKF O'CONNOR DAVIES LLP 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2021-01-01 133238657 NONPROFIT FINANCE FUND NONP 2128686710 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 AISHA BENSON PRESIDENT & CEO 2128686710 2022-10-21 1 AISHA BENSON XXX-XX-XXXX EVA MRUK P00543254 2122862600 2022-10-21 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z AISHA BENSION 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 35516704 0 X NFF.ORG X 1984 NY TO SUPPORT MISSION-DRIVEN ORGANIZATIONS WITH FINANCING, ADVICE AND KNOWLEDGE. 13 11 127 14 0 0 40313598 20939288 13641057 14327346 19999 17085 44685 232985 54019339 35516704 1157814 1898426 0 0 12111916 14744492 0 0 1356817 6939128 7638991 20208858 24281909 33810481 11234795 311084073 319614124 232660735 229955991 78423338 89658133 X NONPROFIT FINANCE FUND IS A NONPROFIT LENDER, CONSULTANT, AND ADVOCATE. FOR MORE THAN 40 YEARS, WE'VE WORKED TO STRENGTHEN NONPROFIT ORGANIZATIONS AND IMPROVE THE WAY MONEY FLOWS TO SOCIAL GOOD. WE ARE COMMITTED TO BUILDING A MORE EQUITABLE AND JUST SOCIAL SECTOR, AND HELPING COMMUNITY-CENTERED ORGANIZATIONS LED BY AND SERVING PEOPLE OF COLOR ACCESS THE MONEY AND RESOURCES THEY NEED TO REALIZE THEIR COMMUNITIES' ASPIRATIONS. 0 0 17386606 1898426 14327346 NFF ADVANCES ECONOMIC AND SOCIAL PROGRESS IN COMMUNITIES THROUGH FINANCING, CONSULTING, PARTNERSHIPS, AND KNOWLEDGE-SHARING THAT HELP MISSION-DRIVEN ORGANIZATIONS ADAPT, THRIVE, AND DRIVE POSITIVE CHANGE. WE BELIEVE THAT ALONGSIDE OTHERS WE MUST BUILD A MORE EQUITABLE AND JUST SOCIAL SECTOR, AND ARE COMMITTED TO HELPING COMMUNITY-CENTERED ORGANIZATIONS LED BY AND SERVING PEOPLE OF COLOR ACCESS THE MONEY AND RESOURCES THEY NEED TO REALIZE THEIR COMMUNITIES' ASPIRATIONS AS A LEADING CDFI, NFF CURRENTLY MANAGES OVER $435 MILLION OF INVESTMENTS. SINCE 1980, NFF HAS PROVIDED OVER $1.1 BILLION IN FINANCING AND ACCESS TO ADDITIONAL CAPITAL IN SUPPORT OF OVER $3.5 BILLION IN PROJECTS FOR THOUSANDS OF ORGANIZATIONS NATIONWIDE. NFF WORKS TOWARD A MORE JUST AND VIBRANT SOCIETY THROUGH: FINANCING FOR NONPROFITS AND SOCIAL ENTERPRISES THAT ARE WORKING HARD TO REALIZE THE HIGHEST ASPIRATIONS OF THEIR COMMUNITIES. CONSULTING THAT HELPS NONPROFIT LEADERS AND THEIR FUNDERS MAKE DECISIONS THAT STRENGTHEN THE CONNECTION BETWEEN MONEY AND MISSION SUCCESS. PARTNERING WITH SERVICE PROVIDERS, FUNDERS, AND INVESTORS TO IDENTIFY AND ADVOCATE FOR PRACTICES THAT ENSURE ORGANIZATIONS ARE POSITIONED TO ACHIEVE THEIR GOALS, WHETHER THAT IS SHIFTING TOWARD A SYSTEM THAT TIES FUNDING TO RESULTS OR THE IMPORTANCE OF COVERING THE FULL COSTS OF DELIVERING PROGRAMS. LEARNING AND SHARING CUTTING-EDGE DATA, INSIGHTS, AND RESOURCES TO SUPPORT SOCIAL CHANGE AND ILLUMINATE PATHS TO SOLVING COMPLEX SOCIAL ISSUES.IN 2021, NFF STAFF PRIMARILY WORKED REMOTELY IN THE GEOGRAPHIC REGIONS OF NEW YORK, PHILADELPHIA, BOSTON, LOS ANGELES, AND OAKLAND. OFFICES IN THESE REGIONS GRADUALLY REOPENED FOR STAFF ACCESS FOLLOWING THE IMPLEMENTATION OF SPECIFIC COVID-19 SAFETY PROTOCOLS AND ACCORDING TO STATE LEVEL REQUIREMENTS. A SELECTION OF NFF'S SERVICES INCLUDE:ACCESS TO CAPITALLOANS: NFF TYPICALLY MAKES LOANS RANGING FROM $50,000 TO $5 MILLION AND PROVIDES FINANCING INDEPENDENTLY AND IN PARTNERSHIP WITH OTHER LENDERS, TO NONPROFITS AND SOCIAL ENTERPRISES. THE FINANCING IS USED FOR A VARIETY OF PURPOSES INCLUDING FACILITY-RELATED NEEDS SUCH AS PROPERTY ACQUISITION, NEW CONSTRUCTION, RENOVATION, AND LEASEHOLD IMPROVEMENTS. NFF ALSO PROVIDES LOANS FOR WORKING CAPITAL AND OPERATING NEEDS INCLUDING EQUIPMENT LOANS AND LINES OF CREDIT.NEW MARKETS TAX CREDITS ("NMTC"): SINCE 2007 NFF HAS BEEN AWARDED A TOTAL OF $401 MILLION IN NMTC FROM THE U.S. DEPARTMENT OF THE TREASURY, WHICH NFF USES TO ATTRACT PRIVATE INVESTMENT TO SUPPORT NONPROFITS OPERATING IN LOW-INCOME COMMUNITIES. NFF IS ONE OF A FEW ORGANIZATIONS USING THESE CREDITS EXCLUSIVELY TO HELP FINANCE PROJECTS BENEFITING SMALL AND MID-SIZED NONPROFITS.SUPPORTING PROGRAM RELATED INVESTMENTS AND OTHER IMPACT INVESTMENTS: NFF SUPPORTS EFFORTS OF FOUNDATIONS AND OTHERS CONSIDERING THE ADDITION OF PROGRAM-RELATED AND OTHER IMPACT INVESTMENTS TO ITS PHILANTHROPIC ACTIVITY AND THOSE SEEKING ASSISTANCE WITH AN EXISTING PROGRAM. OTHER CAPITAL ACCESS AND RELATED ACTIVITIES: NFF WORKS IN PARTNERSHIP WITH FUNDERS AND OTHER PROVIDERS OF CAPITAL TO EXPLORE THOUGHTFUL, PRACTICAL APPLICATIONS OF CUTTING-EDGE IDEAS AND MORE EQUITABLE FUNDING PRACTICES SUCH AS COVERING FULL-COSTS, OFFERING CHANGE CAPITAL, AND PROVIDING THE FLEXIBLE OPERATING DOLLARS THAT NONPROFITS NEED TO SUSTAIN AND ADAPT THEIR COMMUNITY WORK. NFF'S LOANS AND OTHER FINANCING PRODUCTS EVOLVE WITH THE CHANGING NEEDS OF THE SECTOR AND U.S. COMMUNITIES. IN RESPONSE TO THE FINANCIAL CHALLENGES COVID-19 CREATED OR INTENSIFIED FOR ORGANIZATIONS, NFF IS PROVIDING ZERO-INTEREST FLEXIBLE LOANS, TECHNICAL ASSISTANCE, AND FINANCIAL COUNSELING FOR ORGANIZATIONS LED BY AND SERVING PEOPLE OF COLOR IN NEW YORK, THE BAY AREA, PHILADELPHIA, AND LOS ANGELES. AS PART OF A STRATEGIC COMMITMENT TO ADVANCE RACIAL EQUITY, NFF LAUNCHED A PLAN IN 2021 TO INVEST AT LEAST 50 PERCENT OF TOTAL LENDING DOLLARS IN ORGANIZATIONS LED BY PEOPLE OF COLOR. THIS TARGET WAS MET, WITH $35.3 MILLION (68 PERCENT) OF TOTAL INVESTMENTS GOING TO ORGANIZATIONS LED BY PEOPLE OF COLOR. ADVICE AND TRAINING CONSULTATION AND ANALYSIS: NFF IS A LEADING FINANCIAL CONSULTING PRACTICE PROVIDING SOLUTIONS-BASED ADVICE AND PARTNERSHIP TO HELP NONPROFITS AND THEIR FUNDERS ADDRESS CHANGE, CHALLENGE, OR OPPORTUNITY. WHETHER THROUGH IN-DEPTH CONSULTING SERVICES, GROUP CLINICS, OR LONG-TERM PARTNERSHIPS, NFF CONSULTANTS WORK WITH COMMUNITY-CENTERED NONPROFIT ORGANIZATIONS, NETWORKS, ORGANIZERS, FUNDERS, AND FINANCING PARTNERS TO SUPPORT COMMUNITY-LED SOLUTIONS, AND ENGAGE AND FACILITATE FUNDING THAT PROMOTES EQUITY. NFF'S CONSULTING PRACTICE LEAVES CLIENTS IN A BETTER POSITION TO BUDGET AND ADVOCATE FOR WHAT IT REALLY COSTS TO DELIVER ON MISSION, FULLY UNDERSTAND THEIR EXISTING AND POTENTIAL BUSINESS MODELS, AND PLAN FOR VARIED FINANCIAL AND OPERATIONAL SCENARIOS. NFF ALSO WORKS WITH NONPROFIT MANAGEMENT TO HELP THEM BETTER COMMUNICATE THEIR FINANCIAL STORY TO FUNDERS, LENDERS, AND OTHERS. IN 2021, NFF'S CONSULTING TEAM DEDICATED 52 PERCENT OF ALL DEEP CONSULTING SERVICES DEFINED AS 20 HOURS OR MORE TO 121 ORGANIZATIONS LED BY PEOPLE OF COLOR.WORKSHOPS: NFF'S REMOTE WORKSHOPS AND WEBINARS OFFER NONPROFIT LEADERS INSIGHT, TOOLS, AND GUIDANCE TO HELP THEIR ORGANIZATIONS ADAPT TO AN EVER-CHANGING ENVIRONMENT. CONTENT IS DESIGNED TO HELP MANAGERS AND BOARD MEMBERS BECOME MORE COMFORTABLE READING AND INTERPRETING FINANCIAL STATEMENTS AND THINKING THROUGH HOW MANAGEMENT DECISIONS AND CAPITAL STRUCTURE AFFECT AN ORGANIZATION'S MISSION AND FINANCES. IN 2021, CONSULTANTS PREPARED A FULL CURRICULUM OF NONPROFIT FINANCIAL MANAGEMENT WEBINARS IN ENGLISH AND SPANISH TO SHARE PRACTICAL TOOLS AND HELPFUL INSIGHTS FOR NONPROFIT LEADERS. 17386606 1 1 0 1 0 0 0 0 1 0 1 0 1 0 1 1 0 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 1 1 0 0 0 1 46 0 127 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IL NJ NY PA MA MI X X X AISHA BENSON PRESIDENT CEO 2124574700 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 ANTONY BUGG-LEVINE PRESIDENT & CEO (THRU 8/2021) 50.00 0.01 X X 511775 0 56401 KRISTINA DIXON CFO (THRU 4/2021), DIRECTOR 50.00 0.01 X X 89923 0 7156 TRELLA WALKER INTERIM PRESIDENT & CEO 50.00 0.01 X X 294792 0 65886 HENRY RAMOS BOARD CHAIR 2.00 0.00 X X 0 0 0 GEORGETTE WONG BOARD VICE-CHAIR 2.00 0.01 X X 0 0 0 JOHN TAYLOR TREASURER/INTERIM CFO (THRU 8/2021) 2.00 0.00 X X 0 0 0 PHILLIP CLAY SECRETARY 2.00 0.01 X X 0 0 0 JENNIFER ANGLADE DIRECTOR 2.00 0.00 X 0 0 0 STEPHEN DEBERRY DIRECTOR 2.00 0.00 X 0 0 0 RODNEY FOXWORTH DIRECTOR 2.00 0.01 X 0 0 0 CHRIS IGLESIAS DIRECTOR 2.00 0.00 X 0 0 0 NIKE IRVIN DIRECTOR 2.00 0.01 X 0 0 0 ROB MCKAY DIRECTOR 2.00 0.00 X 0 0 0 LISA WILLIAMS DIRECTOR 2.00 0.00 X 0 0 0 BETH BAFFORD DIRECTOR (THRU 10/2021) 2.00 0.01 X 0 0 0 JOE MCCANNON DIRECTOR (THRU 8/2021) 2.00 0.01 X 0 0 0 ALIK HINCKSON INTERIM CFO AS OF 9/21 30.00 0.01 X 18000 0 0 NORAH MCVEIGH MANAGING DIRECTOR (THRU 12/2021) 50.00 0.01 X 332164 0 55647 KRISTIN GIANTRIS INTERIM CHIEF CLIENT SVCS OFFICER 50.00 0.00 X 351847 0 51583 JENNIFER TALANSKY MANAGING DIRECTOR 50.00 0.00 X 296631 0 61761 ANDREA BRISCOE INTERIM CHIEF ADMINISTRATIVE OFFICER 50.00 0.00 X 264375 0 42720 JENNIFER KAWAR VP, INVESTOR RELATIONS 50.00 0.00 X 207263 0 35475 BETH DOREIAN VP, FINANCIAL PLANNING & ANALYSIS 50.00 0.00 X 142158 0 46912 EMILY GUTHMAN VP, OPERATIONS 50.00 0.00 X 160091 0 29513 ANAND ATTAVANE VP / CONTROLLER 50.00 0.00 X 168220 0 56280 JESSICA LABARBERA CHIEF OF STAFF 50.00 0.00 X 140677 0 65015 2977916 0 574349 48 0 1 0 COHNREZNICK LLP 816 CONGRESS AVENUE SUITE 200 AUSTIN TX 78701 ACCOUNTING SERVICES 152060 CAUSE EFFECTIVE INC ONE PENN PLAZA 6242 NEW YORK NY 10119 PROJECT CONSULTING 141500 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 10528 ACCOUNTING SERVICES 139545 GLOBALIZATION PARTNERS LLC 265 FRANKLIN STREET SUITE 502 BOSTON MA 02110 PAYROLL SERVICES 114484 4 8257549 12681739 20939288 INTEREST ON LOANS 900099 10069032 10069032 PRGM & CONTRACT FEES 900099 2481051 2481051 LOAN AND FINAN. FEES 900099 1777263 1777263 14327346 17085 17085 25440 0 25440 25440 25440 REAL ESTATE TAX ABATEMENT 900099 207545 207545 207545 35516704 14327346 0 250070 1898426 1898426 2500661 948496 1124188 427977 9757683 6948409 2385044 424230 442547 315637 108663 18247 1203270 840258 306833 56179 840331 547128 237200 56003 607402 192848 409001 5553 107101 34004 72118 979 99869 31708 67248 913 1207005 880665 194424 131916 6780 4462 1806 512 257761 165148 68747 23866 302664 168732 106959 26973 1140300 682602 304994 152704 9788 6442 2607 739 795 523 212 60 2432298 2432298 361399 245638 104467 11294 92301 55252 24688 12361 PROVISION FOR LOAN LOSS 941187 941187 RECRUITING/TRAINING 55601 36594 14812 4195 MAINTENANCE & REPAIRS 14601 8741 3905 1955 MISC EXPENSES 2139 1408 570 161 24281909 17386606 5538486 1356817 38974575 31092089 30557788 36004161 8198864 4382356 3961364 348675 191719 348884 4191370 2590709 1876672 1600661 15584 16838 227217373 245730326 90134 90134 311084073 319614124 1628315 2871108 6116134 1856728 86242 86242 111756556 112034007 109340472 111239178 3733016 1868728 232660735 229955991 X 48556630 53299847 29866708 36358286 78423338 89658133 311084073 319614124 11234795 0 X X 0 1 X 1 1 1 X 5592149 9460209 9858573 40313598 20939288 86163817 5592149 9460209 9858573 40313598 20939288 86163817 18793422 67370395 5305 13636 22087 45439 42525 128992 3515 2641 20706 19245 207545 253652 86546461 66239995 0.77840 0.77800 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2017 AMOUNT: $ 3,515. 2018 AMOUNT: $ 2,641. 2019 AMOUNT: $ 7. REAL ESTATE TAX ABATEMENT - 2019 AMOUNT: $ 15,528. 2020 AMOUNT: $ 19,245. 2021 AMOUNT: $ 207,545. PRINCIPAL REPAYMENTS FROM LOANS - 2019 AMOUNT: $ 5,171. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 22925092 22925092 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 0 9250 3500 0 12750 250000 250000 250000 0 750000 1125000 0 1 X 2185283 922685 1262598 1203004 1078734 124270 803083 589290 213793 1600661 PROGRAM LOANS AND INTEREST RECEIVABLE 245730326 C 245730326 PAYCHECK PROTECTION PROGRAM LOAN 281595 DEFERRED RENT & LEASEHOLD IMPR ALLOWANCE 1587133 1868728 X 35532054 15350 15350 35516704 0 35516704 24297259 15350 15350 24281909 0 24281909 PART IV, LINE 2B: NONPROFIT FINANCE FUND HOLDS A CUSTODIAL BANK ACCOUNT FOR NEW MARKET TAX CREDIT PARTNERSHIPS OF WHICH NONPROFIT FINANCE FUND IS A GENERAL PARTNER OF .01% AND THE FUNDS ARE USED AS OBLIGATION PAYMENTS AS AUTHORIZED BY THE PARTNERSHIP. PART X, LINE 2: THE FUND'S ACCOUNTING POLICY IS TO DISCLOSE LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX. THE FUND IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO 2018. 1 ABODE SERVICES 40849 FREMONT BLVD FREMONT CA 94538 943087060 501(C)(3) 10000 0 PANDEMIC GENERAL OPERATING SUPPORT AMERICAN NONPROFITS PO BOX 1018 SANTA CRUZ CA 95061 455349356 501(C)(3) 332133 0 BAY AREA RACIAL EQUITY INITIATIVE ASIAN PACIFIC ENVIRONMENT NEWORK 426-17TH STREET SUITE 500 OAKLAND CA 94612 943261846 501(C)(3) 6400 0 BUILDING NONPROFIT CAPACITY FOR HEALTH IN CALIFORNIA BELMONT ALLIANCE CIVIC ASSOCIATION CDC 871 NORTH HOLLY STREET FLOOR 2 PHILADELPHIA PA 19104 233004021 501(C)(3) 10000 0 EARLY CARE EDUCATION BME NETWORKS INC 2103 CORAL WAY 2ND FLOOR MIAMI FL 33145 463083316 501(C)(3) 375000 0 COVID RECOVERY FUNDING / BMA COMM. FELLOWSHIP FUNDING CALIFORNIA YOUTH CONNECTION 1311 63RD STREET SUITE A EMERYVILLE CA 94608 943141616 501(C)(3) 6900 0 BUILDING NONPROFIT CAPACITY FOR HEALTH IN CALIFORNIA CAPITAL IMPACT PARTNERS 1400 CRYSTAL DRIVE SUITE 500 ARLINGTON VA 22202 521290127 501(C)(3) 133334 0 TO SUPPORT INTERNAL TRAINING & PRACTICE ENHANCEMENTS CENTER FOR ASIAN AMERICANS UNITED FOR SELF EMPOWERMENT INC 360 E 2ND STREET SUITE 819 LOS ANGELES CA 90012 954458597 501(C)(3) 6400 0 BUILDING NONPROFIT CAPACITY FOR HEALTH IN CALIFORNIA CENTER ON RACE POVERTY & THE ENVIRONMENT 5901 CHRISTIE AVE SUITE 208 EMERYVILLE CA 94608 050557231 501(C)(3) 6400 0 BUILDING NONPROFIT CAPACITY FOR HEALTH IN CALIFORNIA COMMUNITY VISION CAPITAL & CONSULTING 870 MARKET STREET STE 677 SAN FRANCISCO CA 94102 943032394 501(C)(3) 232533 0 BAY AREA RACIAL EQUITY INITIATIVE - ADDRESSING HEALTH IN CALIFORNIA FATHERS & FAMILIES OF SAN JOAQUIN 338E MARKET STREET STOCKTON CA 95202 320171398 501(C)(3) 6400 0 BUILDING NONPROFIT CAPACITY FOR HEALTH IN CALIFORNIA HILL COUNTRY COMMUNITY CLINIC PO BOX 228 ROUND MOUNTAIN CA 96084 942831597 501(C)(3) 10000 0 PANDEMIC GENERAL OPERATING SUPPORT HISPANIC FEDERATION INC 55 EXCHANGE PLACE SUITE 501 NEW YORK NY 10005 133573852 501(C)(3) 180000 0 MORGAN STANLEY_COVID RECOVERY FUNDING _2020-2021 IRONBOUND COMMUNITY CORPORATION 317 ELM STREET NEWARK NJ 07105 221916086 501(C)(3) 55000 0 NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM LA CASA DE DON PEDRO INC 75 PARK AVENUE NEWARK NJ 07104 237249368 501(C)(3) 55000 0 NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM LINCOLN PARK COAST CULTURAL DISTRICT INC 450 WASHINGTON STREET NEWARK NJ 07102 223729215 501(C)(3) 55000 0 NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM LOCAL INITIATIVES SUPPORT CORP 28 LIBERTY STREET 34TH FLOOR NEW YORK NY 10005 133030229 501(C)(3) 55000 0 NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM NEW COMMUNITY CORPORATION 233 WEST MARKET STREET NEWARK NJ 07103 221911104 501(C)(3) 55000 0 NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM RUBICON PROGRAMS INC 2500 BISSELL AVENUE RICHMOND CA 94804 942301550 501(C)(3) 10000 0 PANDEMIC GENERAL OPERATING SUPPORT SOCIAL GOOD FUND 12651 SAN PABLO AVE RICHMOND CA 94805 461323531 501(C)(3) 6400 0 BUILDING NONPROFIT CAPACITY FOR HEALTH IN CALIFORNIA SOUTH WARD ALLIANCE 59 LINCOLN PARK SUITE 50 NEWARK NJ 07102 471202863 501(C)(3) 55000 0 NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM THE ILLUMINATION FOUNDATION 1091 N BATAVIA STREET ORANGE CA 92867 711047686 501(C)(3) 10000 0 PANDEMIC GENERAL OPERATING SUPPORT UNIFIED VAILSBURG SERVICES ORGANIZATION 42 RICHELIEU TERRACE NEWARK NJ 07106 237304852 501(C)(3) 55000 0 NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM URBAN AFFAIRS COALITION 1207 CHESTNUT STREET PHILADELPHIA PA 19107 237046393 501(C)(3) 10000 0 EARLY CARE EDUCATION URBAN LEAGUE OF ESSEX COUNTY 508 CENTAL AVENUE NEWARK NJ 07107 221554540 501(C)(3) 55000 0 NEWARK NONPROFIT CAPACITY ACCELERATOR PROGRAM WEST PHILADELPHIA ALLIANCE FOR CHILDREN 5070 PARKSIDE AVENUE SUITE 1414 PHILADELPHIA PA 19131 201574860 501(C)(3) 10000 0 EARLY CARE EDUCATION WESTSIDE INFANT-FAMILY NETWORK 3701 STOCKER STREET SUITE 204 LOS ANGELES CA 90008 274018980 501(C)(3) 10000 0 PANDEMIC GENERAL OPERATING SUPPORT 27 0 PART I, LINE 2: GRANTS ARE DISPERSED AFTER THE NONPROFIT FINANCE FUND (NFF) MAKES GRANTS TO OTHER NONPROFIT ORGANIZATIONS AS PART OF A VARIETY OF FUNDER-SPECIFIC INITIATIVES AND IN A MANNER THAT ALIGNS WITH NFF'S MISSION. RECIPIENTS ARE OFTEN SELECTED THROUGH A COMPETITIVE PROCESS. GRANTS ARE REVIEWED AND APPROVED BASED UPON THE CRITERIA ESTABLISHED BY THE FUNDER AND THE GRANTEES' CAPACITY TO SERVE THEIR COMMUNITIES AND TO FURTHER THEIR CHARITABLE MISSION. GRANTS ARE ONLY DISBURSED AFTER RECEIVING WRITTEN AND SIGNED ACKNOWLEDGEMENT BY THE GRANTEE OF THE RESTRICTIONS ON THE GRANT. AFTER DISBURSEMENT AND DURING THE TERM OF GRANT, THE GRANTEE IS REQUIRED PROVIDE PERIODIC REPORTS RELATED TO GRANT COMPLIANCE. NFF STAFF CHECKS IN WITH THE GRANT RECIPIENTS AT AGREED UPON INTERVALS TO SEE HOW THE GRANT FUNDED WORK IS PROGRESSING. SOME GRANTS REQUIRE REPORTING AT REGULAR INTERVALS AND A SUMMARY OF IMPACT. X X X X X 1 0 0 0 0 0 0 1 0 ANTONY BUGG-LEVINE PRESIDENT & CEO (THRU 8/2021) 210332 0 0 0 301443 0 15415 0 40986 0 568176 0 0 0 KRISTIN GIANTRIS INTERIM CHIEF CLIENT SVCS OFFICER 270683 0 81164 0 0 0 21616 0 29967 0 403430 0 0 0 NORAH MCVEIGH MANAGING DIRECTOR (THRU 12/2021) 251704 0 45000 0 35460 0 20227 0 35420 0 387811 0 0 0 TRELLA WALKER INTERIM PRESIDENT & CEO 200491 0 94301 0 0 0 18462 0 47424 0 360678 0 0 0 JENNIFER TALANSKY MANAGING DIRECTOR 219631 0 77000 0 0 0 17838 0 43923 0 358392 0 0 0 ANDREA BRISCOE INTERIM CHIEF ADMINISTRATIVE OFFICER 211234 0 53141 0 0 0 14160 0 28560 0 307095 0 0 0 JENNIFER KAWAR VP, INVESTOR RELATIONS 184463 0 22800 0 0 0 11365 0 24110 0 242738 0 0 0 ANAND ATTAVANE VP / CONTROLLER 155420 0 12800 0 0 0 10417 0 45863 0 224500 0 0 0 JESSICA LABARBERA CHIEF OF STAFF 133526 0 7151 0 0 0 9111 0 55904 0 205692 0 0 0 EMILY GUTHMAN VP, OPERATIONS 150091 0 10000 0 0 0 10058 0 19455 0 189604 0 0 0 BETH DOREIAN VP, FINANCIAL PLANNING & ANALYSIS 132158 0 10000 0 0 0 8810 0 38102 0 189070 0 0 0 PART I, LINE 4A PURSUANT TO THE TERMS AND CONDITIONS STIPULATED IN ANTONY BUGG-LEVINE'S SEVERANCE AGREEMENT, THE ORGANIZATION PAID A SEVERANCE PAYMENT TO ANTONY BUGG-LEVINE IN THE AMOUNT OF $261,097 IN 2021. PART I, LINE 7 THE INDIVIDUALS REPORTED IN PART II RECEIVED A DISCRETIONARY BONUS AS REPORTED IN COLUMN (II). THE BOARD APPROVED THE BONUS POOL FOR SENIOR EMPLOYEES THAT DIRECTLY REPORT TO THE PRESIDENT/CEO. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN EXTERNAL PROFESSIONAL ACCOUNTING FIRM AND IS REVIEWED BY INTERNAL MANAGEMENT/INTERIM CFO. UPON COMPLETION OF THE FORM 990, THE RETURN IS SENT VIA ELECTRONIC MAIL TO MEMBERS OF THE AUDIT COMMITTEE OF NONPROFIT FINANCE FUND FOR THEIR REVIEW AND COMMENT. ANY COMMENTS ARE THEN SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. ANY REQUIRED UPDATES ARE MADE UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. ONCE THE FORM 990 IS APPROVED, IT IS PROVIDED ELECTRONICALLY TO THE FULL BOARD OF DIRECTORS, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NONPROFIT FINANCE FUND'S CONFLICT OF INTEREST AND DISCLOSURE POLICY IS APPLICABLE TO ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES. AT THE BEGINNING OF EACH YEAR, ALL SUCH PERSONS ARE ASKED TO SIGN A STATEMENT AFFIRMING THAT THE INDIVIDUAL HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST AND DISCLOSURE POLICY, HAS READ AND UNDERSTANDS THE POLICY AND AGREES TO COMPLY WITH THE POLICY. THE POLICY REQUIRES THAT ALL POTENTIAL CONFLICTS BE REPORTED TO THE BOARD OF DIRECTORS OR RELEVANT COMMITTEE TO DETERMINE IF A CONFLICT EXISTS AND IF SO, THAT IT BE ADDRESSED IN AN APPROPRIATE MANNER CONSISTENT WITH THE POLICY. THE POLICIES ALSO PROVIDE THAT INTERESTED PERSONS MAY NOT PARTICIPATE WHEN A POTENTIAL CONFLICT IS DETERMINED NOR BE PRESENT FOR THE APPROVAL OF ANY TRANSACTION OR BUSINESS INVOLVING THE INTERESTED PARTY. FORM 990, PART VI, SECTION B, LINE 15 NONPROFIT FINANCE FUND'S BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE INTERIM CEO. THE BOARD APPROVED THE COMPENSATION COMMITTEE'S RECOMMENDATION OF BASE SALARY AND TARGET BONUS. THESE RECOMMENDATIONS WERE BASED UPON FACTORS INCLUDING COMPENSATION PAID BY SIMILAR ORGANIZATIONS AND COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS. IN 2021, THE BOARD CONSULTED AN OUTSIDE EXECUTIVE SEARCH FIRM TO DETERMINE THE INTERIM CEO'S COMPENSATION. EACH OF THESE DECISIONS WAS DOCUMENTED IN CONTEMPORANEOUS MINUTES. SENIOR STAFF REPORTING DIRECTLY TO THE INTERIM CEO ARE PAID SALARIES DETERMINED BY THE INTERIM CEO. IN 2021, THE BOARD REVIEWED AND APPROVED A TOTAL POOL FOR BASE SALARY CHANGES AND BONUSES FOR THIS GROUP. THIS APPROVAL WAS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. THE INTERIM CEO DETERMINED THE AMOUNT OF EACH INDIVIDUAL ADJUSTMENT AND BONUS WITHIN THOSE POOLS BASED UPON ENTERPRISE AND INDIVIDUAL PERFORMANCE AND SCOPE OF RESPONSIBILITIES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE. IN ADDITION, THE FORM 990, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND BYLAWS ARE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART XII, LINE 2C: NONPROFIT FINANCE FUND HAS AN AUDIT COMMITTEE, COMPOSED OF INDEPENDENT BOARD MEMBERS, THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. JCRIF LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 TO SUPPORT EXPANDED LENDING TO NONPROFITS DE 0 47548505 NONPROFIT FINANCE FUND BUILDING FOR THE FUTURE INC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 134078657 SUPPORTING ORGANIZATION; DISSOLVED DE 501(C)(3) 12(A) NONPROFIT FINANCE FUND 1 NFF NEW MARKETS FUND XXXIV LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 465018327 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 33 1237 0 1 0.00010 NFF NEW MARKETS FUND XXXVII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 611885294 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 3 1091 0 1 0.00010 NFF NEW MARKETS FUND XXXVIII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 830527220 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 5 893 0 1 0.00010 NFF NEW MARKETS FUND XXXIX LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 352626140 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 6 1092 0 1 0.00010 NFF NEW MARKETS FUND XL LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 825392827 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 8 494 0 1 0.00010 NFF NEW MARKETS FUND XLI LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 825406766 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 5 991 0 1 0.00010 NFF NEW MARKETS FUND XXVI LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 464909596 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 1 594 0 1 0.00010 NFF NEW MARKETS FUND XXVII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 464922051 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 6 391 0 1 0.00010 NFF NEW MARKETS FUND XXVIII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 464936104 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 19 589 0 1 0.00010 NFF NEW MARKETS FUND XXX LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 464969840 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 5 538 0 1 0.00010 NFF NEW MARKETS FUND XXXI LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 464977783 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 6 1084 0 1 0.00010 NFF NEW MARKETS FUND XXXII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 464992297 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 5 738 0 1 0.00010 NFF NEW MARKETS FUND XLII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 825416237 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 6 997 0 1 0.00010 NFF NEW MARKETS FUND XLIII LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 825433038 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 6 9998 0 1 0.00010 NFF NEW MARKETS FUND XLIV LLC 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 825447460 FINANCE PROJECTS THAT BENEFIT SMALL AND MIDDLE-SIZED NONPROFITS NY NONPROFIT FINANCE FUND RELATED 3 899 0 1 0.00010 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0