Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 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
7 people listed on the 990; $121K paid to officers and key staff.
Michael Scheid’s $121K as Executive Director is at the 47th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Michael Scheid | $120,938 | $121,050 | $79,478 | — |
| Judah Musick | — | — | $75,400 | $120,000 |
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 communities with education and technology to meet financial needs and create lasting impact.
Questions for The Community Impact Fund
Your first name shows with your question. The Community Impact Fund answers here, for everyone.
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Community Assistance
provide 0% interest, small-dollar impact loans and limited small-dollar grantstypically ranging between $500 and $3,000to community members facing financial distress or poverty. The impact loan program includes a complimentary membership in CIF's Financial Education Program.
Financial Education
CIF's Financial Education Membership provides financial education through monthly newsletters, quarterly webinars, a member resource portal, and access to financial coaching. CIF has both organizational members and natural (individual) members who must self-enroll, pay dues, and hold voting rights.
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 | $1.0M | $1.4M |
| InvestmentsLn 11–13 | $993K | $1.6M |
| Total assetsLn 16 | $2.0M | $3.0M |
| LiabilitiesLn 26 | $3K | $38K |
| Net assetsLn 32 | $2.0M | $3.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $242K | $242K | ||
| Pay of current officers, directors and key staffLn 5 | $127K | $76K | $38K | $13K |
| Other salaries and wagesLn 7 | $153K | $112K | $37K | $3K |
| Pension plan contributionsLn 8 | $6K | $4K | $1K | $134 |
| Other employee benefitsLn 9 | $7K | $5K | $2K | $174 |
| Payroll taxesLn 10 | $21K | $14K | $6K | $1K |
| Legal feesLn 11b | $3K | $2K | $2K | |
| Accounting feesLn 11c | $8K | $7K | $833 | |
| Other fees for servicesLn 11g | $11K | $5K | $6K | $799 |
| Advertising and promotionLn 12 | $1K | $1K | ||
| Office expensesLn 13 | $31K | $30K | $390 | |
| TravelLn 17 | $3K | $3K | ||
| InterestLn 20 | $336 | $336 | ||
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $801K | $799K | $2K | |
| Total functional expensesLn 25 | $1.4M | $1.3M | $99K | $18K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $2.4M | $1.4M | $949K | $3.0M | 990 PDF |
| FY2023 | $1.6M | $1.1M | $452K | $2.0M | 990 PDF |
| FY2022 | $1.5M | $615K | $871K | $1.7M | 990 PDF |
| FY2021 | $1.1M | $668K | $472K | $801K | 990 PDF |
| FY2020 | $593K | $366K | $227K | $329K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $2,366,715 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 1 to look at
Part VIII · Statement of revenue $2,366,715 across 5 lines filed
Part IX · Statement of functional expenses $1,418,198 across 15 lines filed
Part X · Balance sheet $3,024,714 assets, 10 lines filed
Part XI · Reconciliation of net assets $2,986,249 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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