To provide access to resources, guidance and pathways to affordable and non-predatory lending products. Through small business development, education, and access to affordable capital, impact aims to reach low wealth and/or black, indigenous, and people of color (bipoc) communities, who have been traditionally underserved by the mainstream financial industry.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 35 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $11K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$84K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $35K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$279K
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$355K
+141% vs prior year
Spent
$263K
To programs
72%
Net assets
$162K
By yearFY2020–FY2024
Revenue
$355K
FY2024▲ +141%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$212K
FY2022$325K
FY2023$147K
FY2024$355K
Expenses
$263K
FY2024▲ +53%
Tap a bar for its year
Expenses by fiscal year
FY2020$359K
FY2021$314K
FY2022$920K
FY2023$172K
FY2024$263K
Net assets
$162K
FY2024▲ +131%
Tap a bar for its year
Net assets by fiscal year
FY2020$830K
FY2021$728K
FY2022$95K
FY2023$70K
FY2024$162K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $189K Management & general 28% · $74K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $84K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$84,483Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lindsay Wolf’s $84K as Executive Director is at the 60th percentile of top reported officer pay among 1708 $100K–1M community development 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Lindsay Wolf$84,483$69,264$37,604

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers underserved communities with financial education and access to affordable loans.

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Provided by the organization

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1 program · $189K · in their own filed words · FY2024
01

The equity lab business accelerator and business lendingrenamed from re-imagining inclusive solutions for entrepreneurs (rise), this program provides access to affordable financing, combined with training and technical assistance, to low-income small business owners who are traditionally turned away from mainstream financial institutions.

$189Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 14 grants · $749K · 2020–2022
Alternatives Federal Credit UnionFY2022$371,590
Unitemized GrantFY2022$120,400
Unitemized GrantFY2022$39,782
Unitemized GrantFY2022$37,299
Unitemized GrantFY2022$29,599
Unitemized GrantFY2022$11,000
Unitemized GrantFY2022$9,968
Unitemized GrantFY2022$251
Unitemized GrantFY2021$80,000
Unitemized GrantFY2021$21,800
Unitemized GrantFY2021$8,000
Unitemized GrantFY2021$3,310
Unitemized GrantFY2021$2,000
Unitemized GrantFY2020$13,850

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$355K
Ln 12
Gifts and grantsLn 1h$345K
Investment incomeLn 3$9K
Money outPt IX
$263K
Ln 25
Programscol B$189K
Managementcol C$74K
Owns and owesPt X
$162K
net assets · Ln 32
Cash and savingsLn 1–2$154K
Total assetsLn 16$442K
LiabilitiesLn 26$279K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$345K
Government grantsLn 1e$140K
Investment incomeLn 3$9K
Total revenueLn 12$355K
Assets in detailPt X, end of year
CashLn 1$154K
Cash and savings togetherLn 1–2$154K
Land, buildings, equipmentLn 10c$13K
Other assetsLn 15$16K
Total assetsLn 16$442K
LiabilitiesLn 26$279K
Net assetsLn 32$162K
OperationsPt I, VI
EmployeesI 55
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$143K$154K
Land, buildings, equipmentLn 10c$16K$13K
Total assetsLn 16$387K$442K
LiabilitiesLn 26$317K$279K
Net assetsLn 32$70K$162K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$84K$47K$38K
Other salaries and wagesLn 7$67K$67K
Pension plan contributionsLn 8$5K$3K$1K
Other employee benefitsLn 9$32K$24K$8K
Payroll taxesLn 10$10K$8K$3K
Accounting feesLn 11c$14K$14K
Advertising and promotionLn 12$439$439
Office expensesLn 13$16K$12K$4K
OccupancyLn 16$7K$5K$2K
TravelLn 17$9K$9K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$577$433$144
Other expenses (24a–d)Ln 24$12K$11K$1K
Total functional expensesLn 25$263K$189K$74K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $355K$263K$92K$162K 990 PDF
FY2023 $147K$172K−$25K$70K 990 PDF
FY2022 $325K$920K−$595K$95K 990 PDF
FY2021 $212K$314K−$102K$728K 990 PDF
FY2020 $1.0M$359K$684K$830K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $354,839 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $138,156$345,415
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,170$9,424
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $147,326$354,839
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $122,872$197,242
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $49,357$65,502
I-18 Total expensesPrior year $172,229$262,744
I-19 Revenue less expensesPrior year −$24,903$92,095
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $354,839 across 5 lines filed
VIII-1e Government grants$140,000
VIII-1f All other contributions, gifts and grants$205,415
VIII-1h Total contributions, gifts and grants$345,415
VIII-3 Investment incomeExcluded from tax $9,424$9,424
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $9,424$354,839
Part IX · Statement of functional expenses $262,744 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $46,719 · Management $37,764$84,483
IX-7 Other salaries and wagesPrograms $66,572$66,572
IX-8 Pension plan contributionsPrograms $3,436 · Management $1,146$4,582
IX-9 Other employee benefitsPrograms $23,677 · Management $7,892$31,569
IX-10 Payroll taxesPrograms $7,527 · Management $2,509$10,036
IX-11c Accounting feesManagement $14,074$14,074
IX-12 Advertising and promotionPrograms $439$439
IX-13 Office expensesPrograms $12,018 · Management $4,381$16,399
IX-16 OccupancyPrograms $5,400 · Management $1,800$7,200
IX-17 TravelPrograms $8,576$8,576
IX-20 InterestPrograms $2,500$2,500
IX-22 Depreciation, depletion and amortizationManagement $3,394$3,394
IX-23 InsurancePrograms $433 · Management $144$577
IX-24 Other expenses (24a–d)Programs $11,216 · Management $1,127$12,343
IX-25 Total functional expensesPrograms $188,513 · Management $74,231 · Fundraising $0$262,744
Part X · Balance sheet $441,540 assets, 12 lines filed
Asset lines not itemized here account for $257,835; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $143,201$154,097
X-9 Prepaid expenses and deferred chargesStart of year $11,553$600
X-10c Land, buildings and equipment, netStart of year $16,123$12,729
X-15 Other assetsStart of year $21,885$16,279
X-16 Total assetsStart of year $387,036$441,540
X-17 Accounts payable and accrued expensesStart of year $44,847$12,863
X-24 Unsecured notes and loans payableStart of year $271,885$266,279
X-26 Total liabilitiesStart of year $316,732$279,142
X-27 Net assets without donor restrictionsStart of year $9,657$37,884
X-28 Net assets with donor restrictionsStart of year $60,647$124,514
X-32 Total net assets or fund balancesStart of year $70,304$162,398
X-33 Total liabilities and net assetsStart of year $387,036$441,540
Part XI · Reconciliation of net assets $162,398 net assets at year end
XI-1 Total revenue$354,839
XI-2 Total expenses$262,744
XI-3 Revenue less expenses$92,095
XI-4 Net assets at start of year$70,304
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$162,398

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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