Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2008.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
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
13 people listed on the 990; $1.4M paid to officers and key staff.
Erin Kilmer Neel’s $214K as Exec Dir and Chief Impact Officer is at the 74th percentile of top reported officer pay among 731 $1–10M 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 |
|---|---|---|---|---|---|
| Erin Kilmer Neel | $213,777 | $200,146 | $193,430 | $193,393 | $198,530 |
| Darnell Grisby | $196,336 | $192,490 | $157,429 | — | — |
| Anil Awasti | $166,700 | — | — | — | — |
| Virgil Reed Looney | — | — | — | — | $162,480 |
| Annie Bakke Claybaugh | $162,103 | $142,085 | $112,044 | — | — |
| Francis Dennis Janes | $160,093 | $127,935 | $123,280 | $118,909 | — |
| Quinntavious Williams | $159,577 | $124,104 | — | — | — |
| Maria Kei Oldiges | $156,459 | — | $129,219 | $121,294 | $122,310 |
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 15aYes
Programs and updates
Combats economic distress and encourages community development.
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Develop and deliver programs that promote inclusive banking practices, support community development, and reduce economic disparities. Activities include training financial institutions, producing research and educational content, and engaging in partnerships and policy efforts to expand access to fair loans, investments, and financial…
Support clean vehicle assistance program, including, but not limited to, programs and grants to help lower-income california residents purchase a new or used hybrid or electric vehicle. In partnership with california climate investments (a program of the california air resources board), the collective goal is to make environmentally…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.1M | $2.7M |
| InvestmentsLn 11–13 | $113.6M | $113.6M |
| Land, buildings, equipmentLn 10c | $18K | $14K |
| Total assetsLn 16 | $117.9M | $116.4M |
| LiabilitiesLn 26 | $2.6M | $1.4M |
| Net assetsLn 32 | $115.3M | $115.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $446K | $446K | ||
| Pay of current officers, directors and key staffLn 5 | $617K | $319K | $298K | |
| Other salaries and wagesLn 7 | $1.7M | $1.5M | $242K | |
| Pension plan contributionsLn 8 | $86K | $72K | $13K | |
| Other employee benefitsLn 9 | $314K | $229K | $86K | |
| Payroll taxesLn 10 | $188K | $148K | $40K | |
| Legal feesLn 11b | $38K | $7K | $31K | |
| Accounting feesLn 11c | $71K | $3K | $69K | |
| Other fees for servicesLn 11g | $830K | $775K | $55K | |
| Advertising and promotionLn 12 | $4K | $4K | ||
| Office expensesLn 13 | $18K | $6K | $12K | |
| Information technologyLn 14 | $913K | $868K | $45K | |
| OccupancyLn 16 | $85K | $85K | ||
| TravelLn 17 | $30K | $29K | $1K | |
| Conferences, conventions and meetingsLn 19 | $80K | $34K | $46K | |
| Depreciation, depletion and amortizationLn 22 | $10K | $10K | ||
| InsuranceLn 23 | $15K | $15K | ||
| Other expenses (24a–d)Ln 24 | $144K | $114K | $30K | |
| Total functional expensesLn 25 | $5.6M | $4.5M | $1.1M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $5.3M | $5.6M | −$278K | $115.0M | 990 PDF |
| FY2023 | $7.5M | $7.7M | −$145K | $115.3M | 990 PDF |
| FY2022 | $5.7M | $6.8M | −$1.1M | $115.4M | 990 PDF |
| FY2021 | $22.4M | $23.9M | −$1.4M | $113.8M | 990 PDF |
| FY2020 | $14.5M | $11.3M | $3.1M | $115.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $5,346,285 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, no flags
Part VIII · Statement of revenue $5,346,285 across 7 lines filed
Part IX · Statement of functional expenses $5,623,982 across 18 lines filed
Part X · Balance sheet $116,410,449 assets, 16 lines filed
Part XI · Reconciliation of net assets $115,015,763 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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