2024-10-22T13:31:44-07:00 2023-12-31 273473554 SCHRIVER CARMONA & COMPANY PLLC 7550 IH-10 Ste 504 SAN ANTONIO TX 78229 990 2023-01-01 742712770 LIFTFUND INC LIFT 2102263664 2014 S HACKBERRY SAN ANTONIO TX 78210 MARCHELL CAMP CFO 2024-10-22 true true CHRISTOPHER CARMONA CPA P01489415 2106800350 X 2023 2024-10-15 13:58:12Z LAURIE A VIGNAUD 2014 S HACKBERRY SAN ANTONIO TX 78210 51698775 false X WWW.LIFTFUND.COM X 1994 TX LIFTFUNDS MISSION IS TO PROVIDE CAPITAL AND OTHER SERVICES TO UNDERSERVED SMALL BUSINESSES AND ENTREPRENEURS. THROUGH ITS PRODUCTS AND SERVICES, LIFTFUND HELPS SMALL BUSINESSES AND ENTREPRENEURS STRENGHTEN THEIR BUSINESSES, STABILIZE AND INCREASE THEIR INCOMES, CREATE ADDITIONAL EMPLOYMENT AND CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF THEIR COMMUNITIES. 17 17 136 19 0 41927902 29182853 9577404 10427112 264911 921897 48368 31260 51818585 40563122 29439000 17311324 0 11151965 11121046 0 1474165 10629065 11679148 51220030 40111518 598555 451604 84840423 98180991 47483781 60372745 37356642 37808246 LIFTFUNDS MISSION IS TO PROVIDE CAPITAL AND OTHER SERVICES TO UNDERSERVED SMALL BUSINESSES AND ENTREPRENEURS. THROUGH ITS PRODUCTS AND SERVICES, LIFTFUND HELPS SMALL BUSINESSES AND ENTREPRENEURS STRENGHTEN THEIR BUSINESSES, STABILIZE AND INCREASE THEIR INCOMES, CREATE ADDITIONAL EMPLOYMENT AND CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF THEIR COMMUNITIES. false false 19293240 10427112 LIFTFUND PROVIDES CREDIT AND OTHER SERVICES TO SMALL BUSINESSES THAT DO NOT HAVE ACCESS TO LOANS FROM COMMERCIAL SOURCES. UNDER DIRECT LENDING OPERATIONS, LIFTFUND PROVIDED 804 MICRO AND SMALL BUSINESS LOANS, AND UNDER THE SBA 504 PROGRAM, 37 NEW LOANS WERE CLOSED IN THE FISCAL YEAR ENDED 12/31/2023. WITH MORE THAN $58 MILLION IN LOANS OUTSTANDING AS OF DECEMBER 31, 2023, LIFTFUND IS REGARDED AS ONE OF THE LARGEST AND BEST PERFORMING MICROFINANCE INSTITUTIONS IN THE UNITED STATES. LIFTFUND COMPLEMENTED ITS CAPITAL WITH 7,137 HOURS OF TECHNICAL ASSISTANCE PROVIDED TO 4,969 ENTREPRENEURS. THROUGH ITS LOANS AND SERVICES, LIFTFUND HAS HELPED CREATE OR RETAIN THOUSANDS OF JOBS IN LOW TO MODERATE INCOME AREAS, CONTRIBUTING TO THE ECONOMIC REVITALIZATION OF UNDERSERVED COMMUNITIES. 17311324 17311324 17311324 DURING THE YEAR ENDED DECEMBER 31, 2023, LIFTFUND WORKED WITH SEVERAL CITIES, COUNTIES AND MUNICIPALITIES TO HELP DISTRIBUTE FEDERAL AMERICAN RESCUE PLAN ACT (ARPA) GRANTS AS A SUBRECIPIENT TO SMALL BUSINESSES THROUGHOUT THE YEAR IN RESPONSE TO THE COVID-19 PANDEMIC. LIFTFUND AWARDED 904 GRANTS TO VARIOUS SMALL BUSINESSES THROUGHOUT THE COMMUNITIES WE SERVE AMOUNTING TO OVER $17 MILLION IN BUSINESS SUPPORT FUNDING. 36604564 true true false false false false false false false false true false false false true false false true false false false false false false false false false false true true false false false false false false false false true false false false true true true true false false true 118 0 true 136 true false false false false false true true false 0 false false false false false false false X 17 17 false false false false false false false true false false false true true true true true true true false false X MARCHELL CAMP 8882152373 2014 S HACKBERRY SAN ANTONIO TX 78210 JANIE BARRERA Founder and SVP 50.00 0.00 X 257072 0 0 AMY HEREFORD GENERAL COUNSEL 50.00 0.00 247587 0 0 NELLY ROJAS-MORENO COO/CFO 50.00 0.00 235360 0 0 ADRIAN GONZALEZ CHIEF CDC OFFICER 50.00 0.00 170485 0 0 CHRISTOPHER ALLEN SVP SBA 504 50.00 0.00 165858 0 0 MICHAEL COULTER CHIEF LENDING OFF. 50.00 0.00 151355 0 0 LAURIE A VIGNAUD President & CEO 50.00 0.00 X 126218 0 0 JIMMIE KEENAN Director 1.00 0.00 X 0 0 0 YOLY DAVILA Director 1.00 0.00 X 0 0 0 WILLIAM BROWN Director 1.00 0.00 X 0 0 0 JEFF BROUILLARD Chairman 1.00 0.00 X X 0 0 0 DR DIANNA BURNS-BANKS MD Director 1.00 0.00 X 0 0 0 RHONDA MCGOWN Director 1.00 0.00 X 0 0 0 JOHN CHAMBERLAIN Secretary 1.00 0.00 X X 0 0 0 JAMES DREIBELBIS VICE CHAIR 1.00 0.00 X X 0 0 0 VIKRAM S BAJAJ Director 1.00 0.00 X 0 0 0 RAMIRO CAVAZOS Director 1.00 0.00 X 0 0 0 MICHELE HOSKINS PHD Director 1.00 0.00 X 0 0 0 STEVEN LACKOWSKI Treasurer 1.00 0.00 X X 0 0 0 WILLIAM MOLL Director 1.00 0.00 X 0 0 0 ANA RODRIGUEZ Director 1.00 0.00 X 0 0 0 BRANDI CARBERRY-VITIER Director 1.00 0.00 X 0 0 0 RICHARD PEREZ Director 1.00 0.00 X 0 0 0 ROLANDO G BARRERA Director 1.00 0.00 X 0 0 0 1353935 7 false true false STARKWEATHER LAW OFFICE 3736 EUBANK BLVD NE BLDG C ALBUQUERQUE NM 87111 LOAN CLOSING 126000 SAURABH BANSAL 24010 KINGDOM ISLE LANE KATY TX 77493 PROJECT MANAGEMENT 167218 JOURNEYTEAM-AB COMPUTER LLC 121 W ELECTION RD 300 DRAPER UT 84020 IT CONSULTING 355681 TXC TEXAS CREATIVE LLC PO BOX 790785 SAN ANTONIO TX 78279 MARKETING 205465 4 24481802 4701051 1737121 29182853 LOAN INTEREST AND FEES 522291 7747210 7747210 PORTFOLIO MANAGEMENT SVC 522291 131988 131988 SBA 504 REVENUE 522291 2547914 2547914 10427112 335049 335049 0 0 31260 31260 31260 31260 11722501 11135653 586848 586848 586848 0 0 0 0 40563122 11013960 366309 0 17311324 17311324 0 0 383290 306585 39657 37048 0 8650310 6919182 895008 836120 0 1397706 1071066 225914 100726 689740 554999 69388 65353 0 72808 50965 16018 5825 -91858 -55115 -36743 0 0 0 1334059 1198715 90245 45099 390161 273113 117048 77179 46770 22300 8109 1378078 964655 303177 110246 0 269511 188657 59293 21561 174736 122315 38442 13979 0 137154 96008 30174 10972 1138948 1138948 0 597419 419193 130432 47794 271932 190352 59825 21755 LOAN LOSS PROVISION 2192956 2192956 IN-KIND INTEREST 1737121 1737121 PORTFOLIO EXPENSES 1198399 1198399 PROGRAM EXPENSES 393723 393723 406822 284633 89659 32530 40111518 36604564 2032789 1474165 5615597 19225728 3964247 3750124 3265778 1535852 1399573 2110998 0 0 52279913 53960606 11000 0 512158 632228 14671424 6666731 7838957 8004693 9126708 8134270 0 826492 826492 0 0 84840423 98180991 2923458 1918428 1693776 669641 2271551 2370755 5721493 6312201 25471003 39101720 9402500 10000000 47483781 60372745 X 36931654 37543258 424988 264988 37356642 37808246 84840423 98180991 451604 X false true X true true true X 7429189 92598007 47464442 41235306 27445732 216172676 0 0 7429189 92598007 47464442 41235306 27445732 216172676 0 216172676 160346 131159 99537 298991 366309 1056342 0 0 217229018 0.99510 0.99550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1150000 1150000 8215284 2497316 5717968 5306140 4169415 1136725 8004693 EQUITY EQUIVALENTS 10000000 10000000 40563122 40563122 40563122 40111518 40111518 40111518 true 0 0 BUSINESS ASSISTANCE 904 17311324 FMV N/A Grantmaker's Description of How Grants are Used COVID-19 BUSINESS ASSISTANCE PROGRAMS WERE ADMINISTERED ON BEHALF OF LOCAL GOVERNMENTS AND FOUNDATIONS BASED ON QUALIFYING CRITERIA. APPLICATIONS WERE REVIEWED BY UNDERWRITERS AND OVERSIGHT AGENCIES FOR ELIGIBILITY PRIOR TO FUNDING. X X X true false false false false false false false false ADRIAN GONZALEZ CHIEF CDC OFFICER 153658 16827 170485 AMY HEREFORD GENERAL COUNSEL 211481 36106 247587 CHRISTOPHER ALLEN SVP SBA 504 75285 2109 88464 165858 JANIE BARRERA Founder and SVP 197072 60000 257072 MICHAEL COULTER CHIEF LENDING OFF. 148140 3215 151355 NELLY ROJAS-MORENO COO/CFO 209381 25979 235360 X BELOW MKT LOAN 126 1737121 MARKET RATE false false false Form 990, Part VI, Section B, Line 11b THE FORM 990 IS E-MAILED TO EACH DIRECTOR PRIOR TO FILING FOR THEIR REVIEW AND APPROVAL. Form 990, Part VI, Section B, Line 12c THE MEMBERS OF THE BOARD ANNUALLY SIGN STATEMENTS OF NON-CONFLICT OF INTEREST. Form 990, Part VI, Section B, Line 15a THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND APPROVES COMPENSATION. Form 990, Part VI, Section C, Line 19 LIFTFUND MAKES ITS GOVERNING DOCUMENTS AVAILABLE BY REQUEST. 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