Inclusiv INC
Empowers low-income communities by providing funding, training, and resources to credit unions that serve traditionally marginalized and financially underserved populations. For fiscal year 2024 it reported $1.9B in revenue, $15.0M in expenses, and $1.9B in net assets.Pt I
- Founded
- 1974
- Type
- Public charity (501(c)(3)) · Public & Societal Benefit
- Location
- New York, NY
- Website
- www.inclusiv.org
- Filings
- 5 on file (2020–2024)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
Inclusiv's center for resiliency and clean energy was created in 2019 to teach and support community-based financial institutions (credit unions, financial cooperatives, cdfi loan funds, community banks, and green banks) launching and scaling clean energy finance initiatives that enable communities to access affordable clean energy…
Inclusiv capital provides capital to member cdcus through uninsured subordinated debt loans and insured nonmember deposits.
Inclusiv offers a variety of support services to its small (under $100 million in assets) and mdi designated credit union members, which serve people and communities traditionally marginalized by the financial mainstream. Through our learning centers we provide specialized know-how to support these vital institutions' growth and impact.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Cathleen Mahon’s $366K as President/CEO is at the 15th percentile of top reported officer pay among 59 $100M+ public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Cathleen Mahon | $366,104 | $285,060 | $275,471 | $257,030 | $245,297 |
| Eben Sheaffer Thru 092025 | $271,182 | — | — | — | — |
| Pablo Defilippi | $244,891 | $212,952 | $196,304 | — | — |
| Eben Sheaffer | — | $238,314 | $225,292 | $212,457 | $203,095 |
| Pamela Owens | $208,749 | $171,436 | $153,401 | $144,228 | $136,162 |
| Silvia Rincon | $192,154 | — | — | — | — |
| Neda Arabshahi | $186,066 | $143,837 | $130,020 | $121,882 | — |
| Susanne James | — | $178,502 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 90% | — | — |
| Overhead ratio | 9% | — | — |
| Fundraising cost ratio | <0.01% | — | — |
| Revenue growth | ×159 | — | — |
| Legal fee ratio | 2% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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