Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 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
8 people listed on the 990.
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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
Prepares minority professionals for careers in community development finance through training and industry experience.
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The open access fellowship is a program funded by some of the community development industrys top companies that attracts and prepares minority professionals for careers in that industry. The fellowship offers a unique opportunity to bring diversity to the world of community development finance.
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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 | $142K | $118K |
| Total assetsLn 16 | $142K | $118K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $142K | $118K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Accounting feesLn 11c | $5K | $5K | ||
| Other fees for servicesLn 11g | $120K | $120K | ||
| Advertising and promotionLn 12 | $17K | $17K | ||
| Office expensesLn 13 | $5K | $5K | ||
| Information technologyLn 14 | $5K | $5K | ||
| OccupancyLn 16 | $4K | $4K | ||
| TravelLn 17 | $6K | $6K | ||
| Conferences, conventions and meetingsLn 19 | $669 | $669 | ||
| InsuranceLn 23 | $958 | $958 | ||
| Other expenses (24a–d)Ln 24 | $15K | $13K | $1K | |
| Total functional expensesLn 25 | $179K | $140K | $21K | $17K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $168K | $204K | −$37K | $81K | 990 PDF |
| FY2024 Viewing | $154K | $179K | −$25K | $118K | 990 PDF |
| FY2023 | $204K | $172K | $33K | $142K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $153,691 across 4 lines filed
Part IX · Statement of functional expenses $178,549 across 10 lines filed
Part X · Balance sheet $117,520 assets, 6 lines filed
Part XI · Reconciliation of net assets $117,520 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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