Nonprofit · EIN 13-3238657
NONPROFIT FINANCE FUND
Tax-exempt · NEW YORK, NY 10022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $31,792,086 | $27,681,417 | $4,110,669 | $259,586,654 | $175,291,594 | $84,295,060 |
| December 31, 2023 | 990 | $24,618,299 | $26,173,540 | -$1,555,241 | $252,356,375 | $172,171,984 | $80,184,391 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $16,410,011
- of which government grants
- $4,208,996
- Program service revenue
- $14,435,137
- Investment income
- $921,498
- Net rental income
- $25,440
- Other revenue
- $25,440
Expenses
- Grants and similar amounts paid
- $1,073,594
- Compensation of officers, directors and key employees
- $1,379,897
- Other salaries and wages
- $11,697,284
- Salaries, compensation and benefits (total)
- $15,996,321
- Professional fundraising fees
- $0
- Legal fees
- $144,703
- Accounting fees
- $195,143
- Occupancy
- $826,821
- Travel
- $451,403
- Depreciation
- $241,002
- Program services (functional)
- $20,417,397
- Management and general (functional)
- $5,947,100
- Fundraising (functional)
- $1,316,920
Balance sheet and other
- Total assets, start of year
- $252,356,375
- Total assets, end of year
- $259,586,654
- Total liabilities, end of year
- $175,291,594
- Net assets, end of year
- $84,295,060
- Land, buildings and equipment
- $1,096,257
- Net assets without donor restrictions
- $53,280,678
- Net assets with donor restrictions
- $31,014,382
- Gross receipts
- $31,792,086
- Employees
- 112
- Volunteers
- 16
- Year formed
- 1984
- State of legal domicile
- NY
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AISHA BENSON | CEO Trustee or director, Officer | 50 | $414,056 | $42,694 |
| KRISTIN GIANTRIS | CHIEF OF CLIENT SERVICES Key employee | 50 | $272,852 | $49,886 |
| JANALEE REED | CHIEF OPERATING OFFICER Key employee | 50 | $292,289 | $25,616 |
| JENNIFER TALANSKY | VP, MARKETING & COMMUNICATIONS Highest-paid employee | 50 | $237,151 | $64,280 |
| ONIKA MAHABAL CHANGED NAME FROM ONI | VP, (FINANCING) Highest-paid employee | 50 | $206,526 | $52,993 |
| JESSICA LABARBERA | CHIEF OF STAFF Highest-paid employee | 50 | $200,472 | $56,644 |
| BETH DOREIAN | CFO (THRU 11/15/24) Officer | 50 | $236,150 | $9,607 |
| JENNIFER KAWAR | VP, INVESTOR RELATIONS Highest-paid employee | 50 | $203,445 | $38,756 |
| DAVID STREIM | VP, FINANCING Highest-paid employee | 50 | $192,888 | $24,428 |
| BHAVANI DARYANANI | INTERIM CFO EFFECTIVE 10/24 Officer | 50 | $49,694 | $2,631 |
| BERIT ASHLA | ASSISTANT BOARD SECRETARY Trustee or director | 0.5 | $0 | $0 |
| CHRIS IGLESIAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRENDA LOYA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GEORGETTE WONG | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| GREGORY ROBINSON | BOARD VICE CHAIR Trustee or director | 0.5 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HASSAN KINGSBERRY | DIRECTOR Trustee or director | 0.5 | $0 |
| IVY DRAUGHAN | DIRECTOR Trustee or director | 0.5 | $0 |
| JOE SILVER | DIRECTOR Trustee or director | 0.5 | $0 |
| KRIS PUTNAM-WALKERLY | DIRECTOR Trustee or director | 0.5 | $0 |
| KRISTINA DIXON | BOARD TREASURER Trustee or director, Officer | 0.5 | $0 |
| LISA WILLIAMS | DIRECTOR Trustee or director | 0.5 | $0 |
| NEHA SHAH | DIRECTOR SINCE 12/24 Trustee or director | 0.5 | $0 |
| NIKE IRVIN | DIRECTOR Trustee or director | 0.5 | $0 |
| PHILLIP CLAY | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ROB MCKAY | DIRECTOR Trustee or director | 0.5 | $0 |
| ALLYN MAXFIELD STEELE | BOARD MEMBER UNTIL 06/24 Trustee or director | 0.5 | $0 |
| RODNEY FOXWORTH | BOARD MEMBER UNTIL 12/24 Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AISHA BENSON | CEO Trustee or director, Officer | 50 | $436,944 | $47,695 |
| ANAND ATTAVANE | VP / CONTROLLER THRU 12/1/23 Former | 50 | $284,621 | $61,726 |
| KRISTIN GIANTRIS | CHIEF OF CLIENT SERVICES Key employee | 50 | $287,760 | $57,641 |
| JENNIFER TALANSKY | VP, MARKETING & COMMUNICATIONS Highest-paid employee | 50 | $230,741 | $60,228 |
| ARIANA SAINEZ | VP, TALENT THRU 9/15/23 Former | 50 | $244,181 | $46,200 |
| JESSICA LABARBERA | CHIEF OF STAFF Highest-paid employee | 50 | $197,911 | $68,136 |
| JENNIFER KAWAR | VP, INVESTOR RELATIONS Highest-paid employee | 50 | $198,539 | $40,968 |
| ONIKA MAHABAL | DIRECTOR, (FINANCING) Highest-paid employee | 50 | $184,420 | $52,093 |
| BETH DOREIAN | CFO Officer | 50 | $222,214 | $12,386 |
| ANNIE CHANG | VP, COMMUNITY ENGAGEMENT Highest-paid employee | 50 | $180,192 | $35,864 |
| ANDREA BRISCOE | INTERIM CHIEF ADMINISTRATIVE OFFICER THRU 1/6/23 Former | 50 | $185,098 | $26,400 |
| DAVID STREIM | VP, FINANCING Highest-paid employee | 50 | $182,366 | $24,529 |
| JANALEE REED | CHIEF OPERATING OFFICER AS OF AUG 2023 Highest-paid employee | 50 | $120,847 | $6,620 |
| ALLYN MAXFIELD STEELE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| IVY DRAUGHAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KRIS PUTNAM WALKERLY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BERIT ASHLA | ASSISTANT BOARD SECRETARY Trustee or director | 0.5 | $0 | $0 |
| BRENDA LOYA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRIS IGLESIAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GEORGETTE WONG | BOARD VICE-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| GREGORY ROBINSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| HASSAN KINGSBERRY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOE SILVER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KRISTINA DIXON | BOARD TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| LISA WILLIAMS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| NIKE IRVIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PHILLIP CLAY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| ROB MCKAY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RODNEY FOXWORTH | BOARD VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 880 3RD AVENUE 12TH FL, NEW YORK, NY 10022-4730
- Principal officer (990 for 2024)
- AISHA BENSON, 5 HANOVER SQUARE 9TH FL, NEW YORK, NY 10004
- Signed the 990
- AISHA BENSON PRESIDENT CEO, PRESIDENT & CEO
- Phone
- (212) 868-6710
- Website
- WWW.NFF.ORG
- Return prepared by
- MITCHELL & TITUS LLP
Mission
NONPROFIT FINANCE FUND IS A NONPROFIT LENDER, CONSULTANT, AND ADVOCATE. FOR 45 YEARS, WE'VE HELPED ORGANIZATIONS ACCESS THE MONEY AND RESOURCES THEY NEED TO REALIZE THEIR COMMUNITIES' ASPIRATIONS. ALONGSIDE OTHERS, WE'RE WORKING TO BUILD COMMUNITY WEALTH AND WELL-BEING AND PUT AFFORDABLE HOUSING, ESSENTIAL SERVICES, QUALITY JOBS, AND EXCELLENT EDUCATION WITHIN REACH OF MORE PEOPLE.
Program accomplishments
- NFF IS A NONPROFIT LENDER, CONSULTANT, AND ADVOCATE. FOR 45 YEARS, WE'VE HELPED ORGANIZATIONS ACCESS THE MONEY AND RESOURCES THEY NEED TO REALIZE THEIR COMMUNITIES' ASPIRATIONS. ALONGSIDE OTHERS, WE'RE WORKING TO BUILD COMMUNITY WEALTH AND WELL-BEING AND PUT AFFORDABLE HOUSING, ESSENTIAL SERVICES, QUALITY JOBS, AND EXCELLENT EDUCATION WITHIN REACH OF MORE PEOPLE. AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) NFF MANAGES A PORTFOLIO OF OVER $351 MILLION. SINCE 1980, WE HAVE PROVIDED OVER $1.2 BILLION IN FINANCING AND ACCESS TO ADDITIONAL CAPITAL IN SUPPORT OF OVER $4.1 BILLION IN PROJECTS FOR NEARLY A THOUSAND ORGANIZATIONS NATIONWIDE. NFF WORKS TOWARD A MORE JUST AND VIBRANT SOCIETY THROUGH:FINANCING FOR NONPROFITS AND SOCIAL ENTERPRISES THAT ARE WORKING HARD TO REALIZE THE HIGHEST ASPIRATIONS OF THEIR COMMUNITIES.CONSULTING THAT HELPS NONPROFIT LEADERS AND THEIR FUNDERS MAKE DECISIONS THAT STRENGTHEN THE CONNECTION BETWEEN MONEY AND MISSION SUCCESS.PARTNERING WITH SERVICE PROVIDERS, FUNDERS, AND INVESTORS TO ADVANCE COMMUNITY-LED SOLUTIONS AND IDENTIFY AND ADVOCATE FOR PRACTICES THAT ENSURE ORGANIZATIONS ARE POSITIONED TO ACHIEVE THEIR GOALS, WHETHER THAT IS OPENING UP ACCESS TO CAPITAL OR REINFORCING THE IMPORTANCE OF COVERING THE FULL COSTS OF DELIVERING PROGRAMS.LEARNING AND SHARING CUTTING-EDGE DATA, INSIGHTS, AND RESOURCES TO SUPPORT SOCIAL CHANGE AND COMMUNITY-LED SOLUTIONS .IN 2024, NFF STAFF CONTINUED TO PRIMARILY WORK REMOTELY IN THE GEOGRAPHIC REGIONS OF NEW YORK, PHILADELPHIA, BOSTON, LOS ANGELES, AND OAKLAND. OFFICES IN THESE REGIONS HAVE REOPENED FOR STAFF ACCESS. A SELECTION OF NFF'S SERVICES INCLUDE:ACCESS TO CAPITALLOANS: NFF TYPICALLY MAKES LOANS UP TO $8 MILLION AND PROVIDES FINANCING INDEPENDENTLY AND IN PARTNERSHIP WITH OTHER LENDERS, TO NONPROFITS AND SOCIAL ENTERPRISES. THE FINANCING IS USED FOR A VARIETY OF PURPOSES INCLUDING FACILITY-RELATED NEEDS SUCH AS PROPERTY ACQUISITION, NEW CONSTRUCTION, RENOVATION, AND LEASEHOLD IMPROVEMENTS. NFF ALSO PROVIDES LOANS FOR WORKING CAPITAL AND OPERATING NEEDS INCLUDING EQUIPMENT LOANS AND LINES OF CREDIT. NEW MARKETS TAX CREDITS ("NMTC"): SINCE 2007 NFF HAS BEEN AWARDED A TOTAL OF $436 MILLION IN NMTC FROM THE US DEPARTMENT OF THE TREASURY, WHICH NFF USES TO PROVIDE FLEXIBLE FINANCING TO ORGANIZATIONS AND PROJECTS THAT INCREASE ACCESS TO HUMAN SERVICES, HEALTHCARE, EDUCATION, ARTS AND CULTURE, YOUTH AND WORKFORCE DEVELOPMENT, AND MUCH MORE IN COMMUNITIES ACROSS THE US. NFF IS ONE OF A FEW ORGANIZATIONS USING THESE CREDITS EXCLUSIVELY TO HELP FINANCE PROJECTS BENEFITING SMALL AND MID-SIZED NONPROFITS. SUPPORTING PROGRAM RELATED INVESTMENTS AND OTHER IMPACT INVESTMENTS: NFF SUPPORTS EFFORTS OF FOUNDATIONS AND OTHERS CONSIDERING THE ADDITION OF PROGRAM-RELATED AND OTHER IMPACT INVESTMENTS TO ITS PHILANTHROPIC ACTIVITY AND THOSE SEEKING ASSISTANCE WITH AN EXISTING PROGRAM.OTHER CAPITAL ACCESS AND RELATED ACTIVITIES: NFF WORKS IN PARTNERSHIP WITH FUNDERS AND OTHER PROVIDERS OF CAPITAL TO EXPLORE THOUGHTFUL, PRACTICAL APPLICATIONS OF CUTTING-EDGE IDEAS AND MORE EQUITABLE FUNDING PRACTICES SUCH AS COVERING FULL COSTS, OFFERING CHANGE CAPITAL, AND PROVIDING THE FLEXIBLE OPERATING DOLLARS THAT NONPROFITS NEED TO SUSTAIN AND ADAPT THEIR COMMUNITY WORK. NFF'S LOANS AND OTHER FINANCING PRODUCTS EVOLVE WITH THE CHANGING NEEDS OF THE SECTOR AND US COMMUNITIES. IN 2024, NFF ORIGINATED OVER $90 MILLION IN TOTAL NEW LENDING TO 36 ORGANIZATIONS. ADVICE AND TRAINING CONSULTATION AND ANALYSIS: NFF IS A LEADING FINANCIAL CONSULTING PRACTICE PROVIDING SOLUTIONS-BASED ADVICE AND PARTNERSHIP TO HELP NONPROFITS AND THEIR FUNDERS ADDRESS CHANGE, CHALLENGE, OR OPPORTUNITY. WHETHER THROUGH FINANCIAL COACHING, IN-DEPTH CONSULTING SERVICES, GROUP CLINICS, OR LONG-TERM PARTNERSHIPS, NFF CONSULTANTS WORK WITH COMMUNITY-CENTERED NONPROFIT ORGANIZATIONS, NETWORKS, ORGANIZERS, FUNDERS, AND FINANCING PARTNERS TO SUPPORT COMMUNITY-LED SOLUTIONS, AND ENGAGE AND FACILITATE FUNDING THAT PROMOTES STRENGTH, SUSTAINABILITY AND A THRIVING SECTOR. NFF'S CONSULTING PRACTICE LEAVES CLIENTS IN A BETTER POSITION TO BUDGET AND ADVOCATE FOR WHAT IT REALLY COSTS TO DELIVER ON MISSION, FULLY UNDERSTAND THEIR EXISTING AND POTENTIAL BUSINESS MODELS, AND PLAN FOR VARIED FINANCIAL AND OPERATIONAL SCENARIOS. NFF ALSO WORKS WITH NONPROFIT MANAGERS TO HELP THEM BETTER COMMUNICATE THEIR FINANCIAL STORY TO FUNDERS, LENDERS, AND OTHERS. IN 2024, NFF PROVIDED TAILORED FINANCIAL MANAGEMENT AND FINANCIAL CONSULTING TO 189 NONPROFITS. NFF ALSO REACHED NEARLY 2,126 NONPROFIT LEADERS THROUGH SHORT ENGAGEMENTS, EVENTS, AND CONSULTING WEBINARS. WORKSHOPS AND ONLINE RESOURCES: NFF'S WORKSHOPS, WEBINARS, AND ONLINE RESOURCES OFFER NONPROFIT LEADERS INSIGHTS, TOOLS, AND GUIDANCE TO HELP THEIR ORGANIZATIONS ADAPT TO AN EVER-CHANGING ENVIRONMENT. CONTENT IS DESIGNED TO HELP MANAGERS AND BOARD MEMBERS BECOME MORE COMFORTABLE READING AND INTERPRETING FINANCIAL STATEMENTS AND THINKING THROUGH HOW MANAGEMENT DECISIONS AND CAPITAL STRUCTURE AFFECT AN ORGANIZATION'S MISSION AND FINANCES. IN 2024, CONSULTANTS BUILT A COMPLETE CURRICULUM FOR FULL COST FUNDING INCLUDING VIDEOS AND WORKSHOPS THAT INTRODUCE AND DEFINE THE THEMES AND KEY DRIVERS OF FULL COST, SPECIALIZED CONSULTING SERVICES THAT SUPPORT ORGANIZATIONAL LEADERS WITH THE FINANCIAL ANALYSIS AND STRATEGIC DECISION-MAKING THAT ARTICULATE THE FULL COST NEEDS, AND A DETAILED WORKBOOK THAT ORGANIZATIONS CAN ACCESS ONLINE TO ASSESS THE FULL COSTS OF THEIR PROGRAMS. THEY ALSO CREATED A SERIES OF WEBINARS ON ACCESSING AND MANAGING DEBT AS PART OF THE NONPROFIT BUSINESS MODEL, HELPING NONPROFIT LEADERS UNDERSTAND WHY, WHEN AND HOW TO LEVERAGE FINANCING IN THE MANAGEMENT AND DELIVERY OF THEIR PROGRAMS. ADVOCACY AND ACCESSIBLE INSIGHTS: INFORMED BY OUR WORK WITH CLIENTS AND FUNDERS, WE ADVOCATE FOR PUBLIC POLICY CHANGES THAT BENEFIT NONPROFITS SYSTEM-WIDE, BETTER POSITIONING THEM FOR FINANCIAL STABILITY AND RESILIENT MISSION DELIVERY. WE SUPPORT OUR ADVOCACY WORK WITH ACCESSIBLE INSIGHTS AND RESEARCH LIKE THE STATE OF THE NONPROFIT SECTOR SURVEY, DELIVERED THROUGH REPORTS, TOOLS, ARTICLES, AND SPEAKING ENGAGEMENTS. IN 2024, NFF PUBLISHED 83 PIECES OF CONTENT THAT ADVOCATED FOR A STRONGER SOCIAL SECTOR.Expenses $20,417,397 · grants $1,073,594 · revenue $14,435,137
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 | Not 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
- 13-3238657
- 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
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S500)
- Assets (IRS master file)
- $259,586,654
- Income (IRS master file)
- $31,792,086
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $31,792,086 | $27,681,417 | $259,586,654 | XML |
| 990 | December 2023 | $24,618,299 | $26,173,540 | $252,356,375 | XML |
| 990 | December 2022 | $16,875,768 | $24,793,637 | $264,435,834 | 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 13-3238657).
Questions about NONPROFIT FINANCE FUND
- What is the EIN of NONPROFIT FINANCE FUND?
- The employer identification number (EIN) of NONPROFIT FINANCE FUND is 13-3238657.
- Is NONPROFIT FINANCE FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to NONPROFIT FINANCE FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NONPROFIT FINANCE FUND 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 NONPROFIT FINANCE FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NONPROFIT FINANCE FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NONPROFIT FINANCE FUND?
- The 990 for the year ended December 31, 2024 names AISHA BENSON.
- Who are the officers and directors of NONPROFIT FINANCE FUND?
- The 990 for the year ended December 31, 2024 lists 27 people; 10 received compensation from the organization, the highest $414,056 (AISHA BENSON, CEO).
- How much revenue does NONPROFIT FINANCE FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $31,792,086, expenses of $27,681,417 and total assets of $259,586,654 at year end.
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