Nonprofit · EIN 11-2421972
INCLUSIV INC
Tax-exempt · NEW YORK, NY 10006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $101,317,220 | $22,758,863 | $78,558,357 | $2,045,935,090 | $58,538,633 | $1,987,396,457 |
| December 31, 2024 | 990 (amended) | $1,897,878,390 | $14,997,310 | $1,882,881,080 | $1,960,631,669 | $52,094,778 | $1,908,536,891 |
| December 31, 2023 | 990 | $11,935,667 | $10,119,825 | $1,815,842 | $72,784,355 | $47,236,707 | $25,547,648 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $92,981,930
- of which government grants
- $80,653,372
- Program service revenue
- $8,323,353
- Investment income
- $11,937
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,816,625
- Compensation of officers, directors and key employees
- $2,169,846
- Other salaries and wages
- $5,555,885
- Salaries, compensation and benefits (total)
- $9,202,061
- Professional fundraising fees
- $0
- Legal fees
- $1,117,454
- Accounting fees
- $268,155
- Occupancy
- $744,472
- Travel
- $203,820
- Depreciation
- $126,318
- Program services (functional)
- $21,165,107
- Management and general (functional)
- $1,395,197
- Fundraising (functional)
- $198,559
Balance sheet and other
- Total assets, start of year
- $1,960,631,669
- Total assets, end of year
- $2,045,935,090
- Total liabilities, end of year
- $58,538,633
- Net assets, end of year
- $1,987,396,457
- Land, buildings and equipment
- $80,570
- Net assets without donor restrictions
- $36,235,712
- Net assets with donor restrictions
- $1,951,160,745
- Gross receipts
- $101,317,220
- Employees
- 69
- Volunteers
- 15
- Year formed
- 1974
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CATHLEEN MAHON | PRESIDENT/CEO Officer | 40 | $327,758 | $17,725 |
| PABLO DEFILIPPI | SVP NETWORK DEVELOPMENT Highest-paid employee | 40 | $252,089 | $11,825 |
| PAMELA OWENS | VICE PRESIDENT Officer | 40 | $225,380 | $15,212 |
| NEDA ARABSHAHI | EVP RESILIENCY & CLEAN ENERGY Highest-paid employee | 40 | $212,963 | $19,449 |
| EBEN SHEAFFER THRU 092025 | CFO/CIO Officer | 40 | $213,992 | $11,260 |
| SILVIA RINCON | COO Officer | 40 | $201,503 | $15,439 |
| IAN FORSTER | GENERAL COUNSEL Trustee or director | 40 | $197,346 | $14,939 |
| ALEXIS IWANISZIW | SVP POLICY & COMMUNICATION Highest-paid employee | 40 | $187,092 | $18,099 |
| MING KYUNG CATHI KIM | SVP, CAPITAL, INVESTMENTS, Trustee or director | 40 | $181,572 | $17,849 |
| ROBIN HOLLIS AS OF 71625 | VP, MEMBER SERVICES Highest-paid employee | 40 | $160,971 | $29,330 |
| LILY TRAN | CFO FKA VP OF FINANCE Officer | 40 | $170,151 | $20,036 |
| ANDREA LALLY AS OF 71625 | VP, NETWORK GROWTH Highest-paid employee | 40 | $152,881 | $23,159 |
| ROBIN ROMAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BLANCHE L JACKSON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NEREIDA SEDA VARGAS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ED SIVAK | RECORDING SECRETARY Trustee or director, Officer | 1 | $0 |
| JAMES HUNTER | CORRESPONDING SECRETARY Trustee or director, Officer | 1 | $0 |
| AURELIO ARROYO CONZALEZ | DIRECTOR Trustee or director | 1 | $0 |
| DIANE SANDOVAL-GRIEGO | DIRECTOR Trustee or director | 1 | $0 |
| HANK HUBBARD | DIRECTOR Trustee or director | 1 | $0 |
| JACQUELINE MOORE | DIRECTOR Trustee or director | 1 | $0 |
| JAMA R HAYNES | DIRECTOR Trustee or director | 1 | $0 |
| JEFF IVEY | DIRECTOR Trustee or director | 1 | $0 |
| KATHY CHARTIER | DIRECTOR Trustee or director | 1 | $0 |
| SUZETTE COWELL | DIRECTOR Trustee or director | 1 | $0 |
| MICHEAL FRANQUI BAQUERO | DIRECTOR Trustee or director | 1 | $0 |
| MARGIE SALAZAR | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CATHLEEN MAHON | PRESIDENT/CEO Officer | 40 | $366,104 | $22,087 |
| EBEN SHEAFFER THRU 092025 | CFO/CIO Officer | 40 | $271,182 | $15,554 |
| PABLO DEFILIPPI | SVP NETWORK DEVELOPMENT Highest-paid employee | 40 | $244,891 | $18,407 |
| PAMELA OWENS | VICE PRESIDENT Officer | 40 | $208,749 | $22,287 |
| SILVIA RINCON | COO Officer | 40 | $192,154 | $16,776 |
| NEDA ARABSHAHI | EVP RESILIENCY & CLEAN ENERGY Highest-paid employee | 40 | $186,066 | $20,996 |
| ALEXIS IWANISZIW | SVP POLICY & COMMUNICATIONS Highest-paid employee | 40 | $174,719 | $20,612 |
| MING KYUNG CATHI KIM | SVP, CAPITAL, INVESTMENTS, & IMPACT Trustee or director | 40 | $166,084 | $20,545 |
| IAN FORSTER | GENERAL COUNSEL Trustee or director | 40 | $133,375 | $3,574 |
| ROBIN ROMAN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| BLANCHE L JACKSON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NEREIDA SEDA VARGAS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ED SIVAK | RECORDING SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JAMES HUNTER | CORRESPONDING SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| AURELIO ARROYO CONZALEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIANE SANDOVAL-GRIEGO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HANK HUBBARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACQUELINE MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMA R HAYNES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF IVEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHY CHARTIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUZETTE COWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHEAL FRANQUI BAQUERO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARGIE SALAZAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CATHLEEN MAHON | PRESIDENT/CEO Officer | 40 | $285,060 | $21,550 |
| EBEN SHEAFFER | CFO/CIO Officer | 40 | $238,314 | $19,117 |
| PABLO DEFILIPPI | SVP NETWORK DEVELOPMENT Highest-paid employee | 40 | $212,952 | $21,561 |
| PAMELA OWENS | VICE PRESIDENT Officer | 40 | $171,436 | $29,063 |
| SUSANNE JAMES | SVP OF CAPITAL Highest-paid employee | 40 | $178,502 | $2,376 |
| ALEXIS IWANISZIW | SVP POLICY & COMMUNICATIONS Highest-paid employee | 40 | $152,410 | $21,830 |
| NEDA ARABSHAHI | SVP CENTER FOR RESILIENCY Highest-paid employee | 40 | $143,837 | $28,131 |
| ANDREA LALLY | VP NETWORK ENGAGEMENT Highest-paid employee | 40 | $128,280 | $30,078 |
| AURELIO ARROYA GONZALEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BLANCHE L JACKSON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DIANE SANDOVAL-GRIEGO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ED SIVAK | RECORDING SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| HANK HUBBARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACK LAWSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACQUELINE MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMA HAYES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES HUNTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF IVEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHY CHARTIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LUIS PASTOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELE FRANQUI BAQUERO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEREIDA SEDA VARGAS | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROBIN ROMANO | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 55 BROADWAY 29TH FLOOR, NEW YORK, NY 10006-3728
- Principal officer (990 for 2025)
- LILY TRAN, 55 BROADWAY 29TH FLOOR, NEW YORK, NY 10006
- Signed the 990
- LILY TRAN, CFO
- Phone
- (212) 809-1850
- Website
- WWW.INCLUSIV.ORG
- Return prepared by
- MITCHELL & TITUS LLP
Mission
THE MISSION OF INCLUSIV IS TO HELP LOW- AND MODERATE-INCOME PEOPLE AND COMMUNITIES ACHIEVE FINANCIAL INDEPENDENCE THROUGH CREDIT UNIONS.
Program accomplishments
- INCLUSIV CAPITAL PROVIDES CAPITAL AND LOANS TO, AND MAKES INVESTMENTS IN MEMBER CDCUS TO SUPPORT EFFORTS TO CREATE ECONOMIC OPPORTUNITY AND ADVANCE FINANCIAL INCLUSION INITIATIVES THAT BENEFIT LOW- AND MODERATE-INCOME PEOPLE AND COMMUNITIES ACROSS THE COUNTRY.Expenses $3,742,471 · grants $1,700,000 · revenue $2,223,017
- INCLUSIV'S CENTER FOR RESILIENCY AND CLEAN ENERGY WAS CREATED IN 2019 TO TEACH AND SUPPORT COMMUNITY-BASED FINANCIAL INSTITUTIONS, INCLUDING CREDIT UNIONS, CDFI LOAN FUNDS, AND COMMUNITY BANKS, AMONG OTHERS, LAUNCHING AND SCALING CLEAN ENERGY FINANCE INITIATIVES THAT ENABLE COMMUNITIES TO ACCESS AFFORDABLE CLEAN ENERGY SERVICES, REDUCE ENERGY BURDENS, CREATE GOOD JOBS, AND BUILD RESILIENCE AND DISASTER PREPAREDNESS. THE CENTER PROVIDES PRACTICAL, HANDS-ON TRAINING AND TECHNICAL ASSISTANCE FOR COMMUNITY LENDERS; SUPPORTS CREDIT UNIONS' ACCESS TO TECHNOLOGY PLATFORMS AND FINANCIAL INSTRUMENTS THAT HELP TO SCALE COMMUNITY-BASED CLEAN ENERGY MARKETS; AND ADVANCES RESEARCH TO HELP IDENTIFY OPPORTUNITIES FOR INVESTMENT IN AND GROWTH OF THESE MARKETS.Expenses $3,074,411 · grants $345,000
- INCLUSIV DEVELOPS AND PROVIDES FINANCIAL INCLUSION PROGRAMS TO HELP OUR MEMBER CDCUS EXPAND THE PRODUCTS AND SERVICES THEY OFFER TO LOW- AND MODERATE-INCOME PEOPLE AND COMMUNITIES AND DEEPEN THEIR COMMUNITY IMPACT. THESE PROGRAMS INCLUDE TRAINING AND ONE-ON-ONE SUPPORT TO HELP CDCUS BUILD EFFECTIVE FINANCIAL COACHING PROGRAMS AND ASSET BUILDING AND ASSET PROTECTION INITIATIVES.Expenses $2,947,199 · grants $2,721,625
- OTHER.Expenses $11,401,026 · grants $50,000 · revenue $6,100,336
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-2421972
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W020)
- Assets (IRS master file)
- $2,045,935,090
- Income (IRS master file)
- $101,317,220
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $101,317,220 | $22,758,863 | $2,045,935,090 | XML |
| 990 | December 2024 | $1,897,878,390 | $14,997,310 | $1,960,631,669 | XML |
| 990 | December 2023 | $11,935,667 | $10,119,825 | $72,784,355 | XML |
| 990 | December 2022 | $12,847,743 | $8,604,317 | $97,622,121 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2421972).
Questions about INCLUSIV INC
- What is the EIN of INCLUSIV INC?
- The employer identification number (EIN) of INCLUSIV INC is 11-2421972.
- Is INCLUSIV INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to INCLUSIV INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INCLUSIV INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INCLUSIV INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INCLUSIV INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INCLUSIV INC?
- The 990 for the year ended December 31, 2025 names LILY TRAN.
- Who are the officers and directors of INCLUSIV INC?
- The 990 for the year ended December 31, 2025 lists 27 people; 12 received compensation from the organization, the highest $327,758 (CATHLEEN MAHON, PRESIDENT/CEO).
- How much revenue does INCLUSIV INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $101,317,220, expenses of $22,758,863 and total assets of $2,045,935,090 at year end.
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