Eff Community Ventures INC

New York, NYUnknown exempt organization EIN 99-2091921Revenue $1.2M in FY2024Latest return filed Nov 17, 2025

On file with the IRSNew York, NY

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Eff Community Ventures, INC supports public charter schools and the communities they serve, especially schools in economically distressed areas serving low- and middle-income families and people of color, and lessening the burdens of government through loans and grants, especially in economically distressed areas.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 99-2091921) · Dispute this line
93¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Spent on programs
93%
of spending
93% of spending went to programs.
Pt IX · Ln 25 · col B
46.8 mo
of spending, in cash
46.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12.3M
93% of total assets
Liabilities are 93% of assets.
Pt X · Ln 26
Independent board members
0
of 3 voting members
None of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.2M
Spent
$267K
To programs
93%
Net assets
$982K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $247K Management & general 7% · $19K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
Chief of Staff
$0Pt VII · Sec A
See Eff Community Ventures INC executive salaries →

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

Provides loans and grants to public charter schools and their communities, especially in distressed areas.

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1 program · $247K · in their own filed words · FY2024
01

Eff community ventures, inc. Leverages donations and other philanthropic funding received with low-cost debt it obtains to provide funding to charter schools for purchases or upgrades to facilities at rates and terms more favorable than available in the corporate lending and banking markets.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 99-2091921) · Dispute this line
$247Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$248K
Money outPt IX
$267K
Ln 25
Programscol B$247K
Managementcol C$19K
Owns and owesPt X
$982K
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$13.2M
LiabilitiesLn 26$12.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$248K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Accounts receivableLn 4$43K
Notes and loans receivableLn 7$12.2M
Total assetsLn 16$13.2M
LiabilitiesLn 26$12.3M
Net assetsLn 32$982K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$0$13.2M
LiabilitiesLn 26$0$12.3M
Net assetsLn 32$0$982K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$6K$6K
InterestLn 20$247K$247K
Other expenses (24a–d)Ln 24$149$149
Total functional expensesLn 25$267K$247K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $1.2M$267K$982K$982K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $1,248,442 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$1,000,000
I-9 Program service revenuePrior year $0$248,442
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$1,248,442
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$266,702
I-18 Total expensesPrior year $0$266,702
I-19 Revenue less expensesPrior year $0$981,740
Part VI · Governance 0 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,248,442 across 4 lines filed
VIII-1d Related organizations$1,000,000
VIII-1h Total contributions, gifts and grants$1,000,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $248,442$248,442
VIII-12 Total revenueRelated to mission $248,442 · Unrelated business $0 · Excluded from tax $0$1,248,442
Part IX · Statement of functional expenses $266,702 across 4 lines filed
IX-11b Legal feesManagement $13,374$13,374
IX-11c Accounting feesManagement $6,000$6,000
IX-20 InterestPrograms $247,179$247,179
IX-24 Other expenses (24a–d)Programs $149$149
IX-25 Total functional expensesPrograms $247,328 · Management $19,374 · Fundraising $0$266,702
Part X · Balance sheet $13,245,201 assets, 12 lines filed
X-1 Cash, non-interest-bearing$1,039,968
X-4 Accounts receivable$43,233
X-7 Notes and loans receivable$12,162,000
X-16 Total assetsStart of year $0$13,245,201
X-17 Accounts payable and accrued expenses$100,461
X-23 Secured mortgages and notes payable$12,163,000
X-26 Total liabilitiesStart of year $0$12,263,461
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $0$981,740
X-32 Total net assets or fund balancesStart of year $0$981,740
X-33 Total liabilities and net assetsStart of year $0$13,245,201
Part XI · Reconciliation of net assets $981,740 net assets at year end
XI-1 Total revenue$1,248,442
XI-2 Total expenses$266,702
XI-3 Revenue less expenses$981,740
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$981,740

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

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