Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 13-3641265

GROW AMERICA FUND INC

Tax-exempt · NEW YORK, NY 10017

Financials

$3.9M$3.5M2023$3.5M$4.1M2024
Revenue Expenses · by fiscal year end
Financials of GROW AMERICA FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,546,199$4,099,148-$552,949$45,228,755$25,996,687$19,232,068
December 31, 2023990$3,921,676$3,460,919$460,757$46,573,067$26,788,050$19,785,017
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,528,519
Investment income
$0
Other revenue
$17,680

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,443,228
Salaries, compensation and benefits (total)
$1,997,228
Professional fundraising fees
$0
Legal fees
$165,297
Accounting fees
$239,365
Occupancy
$4,700
Travel
$165,753
Program services (functional)
$3,314,274
Management and general (functional)
$784,874

Balance sheet and other

Total assets, start of year
$46,573,067
Total assets, end of year
$45,228,755
Total liabilities, end of year
$25,996,687
Net assets, end of year
$19,232,068
Net assets without donor restrictions
$11,874,417
Net assets with donor restrictions
$7,357,651
Gross receipts
$3,546,199
Employees
0
Volunteers
3
Year formed
1971
State of legal domicile
DE

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
DANIEL MARSH IIICHAIRMAN
Trustee or director, Officer
2.75$0$531,397$73,655
ADAM ENNISTREASURER
Trustee or director, Officer
3$0$351,274$92,962
DAVID TREVISANIBOARD MEMBER/INTERIM PRESI
Trustee or director, Officer
8.5$0$284,339$124,916
KEVIN GREMSEBOARD MEMBER
Trustee or director
1$0$274,418$100,815
ANN FINNEGANMANAGING DIRECTOR OF LENDI
Key employee
20$0$248,434$95,716
STEPHANIE DUGANBOARD MEMBER
Trustee or director
1$0$250,665$91,151
RAQUEL FAVELABOARD MEMBER
Trustee or director
1$0$293,881$38,849
DANIEL CHOICFO AND VICE PRESIDENT
Officer
12.5$0$271,108$60,981
CHARLEY DEPEWBOARD MEMBER
Trustee or director
1$0$255,296$38,772
JENNIFER VERTREESSECRETARY
Officer
7.5$0$114,248$87,566
DAWAYNE SIMSBOARD MEMBER
Trustee or director
0.25$0$0$0
EARL RICHARSONBOARD MEMBER
Trustee or director
0.25$0$0$0
PATRICIA THOMSONBOARD MEMBER
Trustee or director
0.25$0$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DANIEL MARSH IIICHAIRMAN
Trustee or director, Officer
2.75$0$519,444$163,290
ADAM ENNISTREASURER
Trustee or director, Officer
3$0$298,140$87,486
KEVIN GREMSEBOARD MEMBER
Trustee or director
1$0$269,640$104,024
DAVID TREVISANIBOARD MEMBER/INTERIM PRESI
Trustee or director, Officer
8.5$0$249,303$103,509
ANN FINNEGANMANAGING DIRECTOR OF LENDING
Key employee
20$0$230,936$109,425
STEPHANIE DUGANBOARD MEMBER
Trustee or director
1$0$247,304$89,349
RAQUEL FAVELABOARD MEMBER
Trustee or director
1$0$271,994$53,205
CHARLEY DEPEWBOARD MEMBER
Trustee or director
1$0$247,953$65,048
DANIEL CHOICFO
Key employee
15$0$225,345$83,166
JENNIE VERTREESSECRETARY
Officer
7.5$0$110,863$84,444
PATRICIA THOMSONBOARD MEMBER
Trustee or director
0.25$0$0$0

Address and contacts

Address (IRS master file)
633 THIRD AVE 19J, NEW YORK, NY 10017-6706
Principal officer (990 for 2024)
DANIEL MARSH III, 633 THIRD AVE 19J, NEW YORK, NY 10017
Signed the 990
DANIEL MARSH III, CHAIRMAN
Phone
(212) 682-1106
Return prepared by
COHNREZNICK ADVISORY LLC

Mission

THE GROW AMERICA FUND, INC. ("GAF") HAS A PRIMARY MISSION TO CREATE ECONOMIC OPPORTUNITY, STIMULATE INVESTMENT, AND TO ENCOURAGE ENTREPRENEURSHIP IN LOW-INCOME COMMUNITIES BY FINANCING BUSINESSES AND ENTREPRENEURS THAT INVEST IN THOSE DISADVANTAGED (CONT. ON SCHEDULE O) COMMUNITIES, AND/OR CREATE JOBS FOR LOW-INCOME UNEMPLOYED AND UNDER-EMPLOYED INDIVIDUALS. GAF, A LICENSED U.S. SBA SMALL BUSINESS LENDING COMPANY, AND U.S. DEPARTMENT OF THE TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDES ACCESS TO CAPITAL FOR BUSINESS EXPANSION STRUCTURED WITH LONGER AMORTIZATION TERMS AND LOWER INTEREST RATES. THESE LENDING TERMS SERVE TO DECREASE DEBT SERVICE COSTS AND IMPROVE THE BORROWER'S OPERATING CASH FLOW, GIVING BUSINESSES A FINANCIAL ADVANTAGE THAT HELPS STRENGTHEN BOTH THE ECONOMIC BASE OF THE BUSINESS, AND THE COMMUNITY.

990 for the year ended December 31, 2024

Program accomplishments

  • GAF PROVIDES LONGER TERM, LOWER INTEREST RATE SMALL BUSINESS LOANS THAT ENABLE SMALL BUSINESSES TO CREATE JOBS, STIMULATE INVESTMENT, AND EXPAND THE ENTREPRENEURIAL AND SMALL BUSINESS BASE IN LOW-INCOME COMMUNITIES. (CONT. ON SCHEDULE O)
    Expenses $3,314,274 · revenue $3,546,199

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
13-3641265
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$45,228,755
Income (IRS master file)
$3,546,199

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,546,199$4,099,148$45,228,755XML
990December 2023$3,921,676$3,460,919$46,573,067XML
990December 2022$3,801,712$4,293,994$53,966,443IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 13-3641265).

Questions about GROW AMERICA FUND INC

What is the EIN of GROW AMERICA FUND INC?
The employer identification number (EIN) of GROW AMERICA FUND INC is 13-3641265.
Is GROW AMERICA FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to GROW AMERICA FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GROW AMERICA FUND 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 GROW AMERICA FUND INC 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 GROW AMERICA FUND INC 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 GROW AMERICA FUND INC?
The 990 for the year ended December 31, 2024 names DANIEL MARSH III.
Who are the officers and directors of GROW AMERICA FUND INC?
The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
How much revenue does GROW AMERICA FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,546,199, expenses of $4,099,148 and total assets of $45,228,755 at year end.

Other nonprofits in NEW YORK

All nonprofits in NEW YORK · New York · Community improvement and capacity building