Nonprofit · EIN 20-5189202
OPPORTUNITY FINANCE NETWORK
Tax-exempt · PHILADELPHIA, PA 19109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 (amended) | $139,747,451 | $33,092,426 | $106,655,025 | $2,739,933,864 | $209,174,589 | $2,530,759,275 |
| December 31, 2024 | 990 | $2,333,785,289 | $40,955,651 | $2,292,829,638 | $2,624,374,128 | $198,614,523 | $2,425,759,605 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $25,493,544
- Membership dues
- $1,124,325
- Program service revenue
- $110,218,591
- Investment income
- $4,035,316
- Net gain from sales of assets
- $10,851
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,865,000
- Compensation of officers, directors and key employees
- $4,843,162
- Other salaries and wages
- $6,566,875
- Salaries, compensation and benefits (total)
- $13,508,621
- Professional fundraising fees
- $194,350
- Legal fees
- $1,488,320
- Accounting fees
- $405,514
- Occupancy
- $1,278,963
- Travel
- $454,311
- Depreciation
- $142,497
- Program services (functional)
- $22,371,968
- Management and general (functional)
- $9,830,217
- Fundraising (functional)
- $890,241
Balance sheet and other
- Total assets, start of year
- $2,624,374,128
- Total assets, end of year
- $2,739,933,864
- Total liabilities, end of year
- $209,174,589
- Net assets, end of year
- $2,530,759,275
- Land, buildings and equipment
- $441,927
- Publicly traded securities
- $36,671,027
- Net assets without donor restrictions
- $114,067,093
- Net assets with donor restrictions
- $2,416,692,182
- Gross receipts
- $140,550,766
- Employees
- 95
- Volunteers
- 14
- Year formed
- 2006
- State of legal domicile
- PA
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 |
|---|---|---|---|---|
| HAROLD PETTIGREW | PRESIDENT & CEO Trustee or director, Officer | 40 | $418,456 | $14,609 |
| REGINA ROSS | EVP, CHIEF PEOPLE & OPERATIONS OFFICER Officer | 40 | $364,594 | $22,111 |
| DAMON SMITH | GENERAL COUNSEL Officer | 40 | $343,057 | $21,772 |
| KEVIN FRYATT | EVP, CHIEF FINANCIAL OFFICER Officer | 40 | $328,652 | $30,581 |
| JESSEL AMIN | EVP, CHIEF INVESTMENT OFFI Officer | 40 | $324,139 | $28,971 |
| AMBER KUCHAR BELL | EVP, CHIEF PROGRAMS OFFICER Officer | 40 | $271,603 | $35,141 |
| ANTHONY BERKLEY | EVP, CHIEF DEVELOPMENT OFFICER Officer | 40 | $273,186 | $28,818 |
| BRENDON MILLER | EVP, CHIEF OF STAFF & HEAD OF COMMUNICATIONS Officer | 40 | $283,010 | $11,718 |
| SETH JULYAN | EVP, CHIEF NETWORK OFFICER Officer | 40 | $266,541 | $25,914 |
| DAFINA WILLIAMS | EVP, CHIEF PUBLIC POLICY OFFICER Officer | 40 | $265,540 | $23,152 |
| MOHAMMAD HOURANI | SVP, FINANCE AND ACCOUNTING Key employee | 40 | $234,329 | $26,774 |
| MARY WRIGHT | SVP, FINANCIAL SERVICES Officer | 40 | $212,069 | $9,790 |
| ABHILASH RAJAN | SVP, INFORMATION TECHNOLOGY AND FACILITIES ADMINIS Key employee | 40 | $200,792 | $10,494 |
| SHAKEYDA DANIELS | SVP, FINANCIAL SERVICES Officer | 40 | $195,073 | $14,372 |
| TAMARA FRYE | SVP, HUMAN RESOURCES Key employee | 40 | $180,464 | $21,751 |
21 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADRIENNE SMITH | SVP, RESEARCH Key employee | 40 | $190,917 | $7,666 |
| SINDHU LAKSHMANAN | SVP, DEVELOPMENT SER Key employee | 40 | $181,937 | $15,148 |
| MARY SCOTT BALYS | SVP, PUBLIC POLICY Highest-paid employee | 40 | $177,101 | $13,654 |
| ANTHONY WILDER PUZZUOLI | SVP, MEMBERSHIP Highest-paid employee | 40 | $175,049 | $11,688 |
| DAMAYANTI HALDER | SVP, DATA Highest-paid employee | 40 | $166,585 | $1,435 |
| CONSTANCE SAMUELS | SVP, EVENTS SINCE 04/25 Highest-paid employee | 40 | $135,033 | $6,314 |
| BIANCA PRADE SINCE 625 | SVP, STRATEGIC COMMUNICATIONS Highest-paid employee | 40 | $121,564 | $23 |
| AISHA BENSON | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MARTINA EDWARDS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| HENRY JIMENEZ | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TED PICCOLO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SARA RAZAVI | BOARD MEMBER UNTIL 10/25 Trustee or director | 2 | $0 | $0 |
| CHRISTINA TRAVERS | BOARD TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SKYA DUCHENEAUX | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN HOLDSCLAW IV | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ARIEL MEYERSTEIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| NELLY ROJAS-MORENO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ARLO WASHINGTON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DEMARIO GREENE | BOARD MEMBER SINCE 10/25 Trustee or director | 2 | $0 | $0 |
| TITI IKHILE | BOARD MEMBER SINCE 10/25 Trustee or director | 2 | $0 | $0 |
| CHUCK WALL | BOARD MEMBER SINCE 10/25 Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HAROLD PETTIGREW | PRESIDENT & CEO Trustee or director, Officer | 40 | $468,873 | $11,785 |
| AMBER KUCHAR BELL | EVP, CHIEF STRATEGY & OPER Officer | 40 | $347,075 | $34,397 |
| SETH JULYAN | EVP, CHIEF NETWORK OFFICER Key employee | 40 | $269,260 | $30,100 |
| DAFINA WILLIAMS | EVP, CHIEF EXTERNAL AFFAIR Officer | 40 | $267,468 | $24,020 |
| BRENDON MILLER SINCE 124 | EVP, CHIEF OF STAFF & HEAD OF COMMUNICATIONS Officer | 40 | $277,266 | $767 |
| BETH LIPSON UNTIL 324 | EVP, CHIEF FINANCIAL OFFIC Former | 40 | $230,540 | $9,305 |
| MARY WRIGHT | SVP, FINANCIAL SERVI Officer | 40 | $229,978 | $9,733 |
| SHAKEYDA DANIELS | SVP, FINANCIAL SERVI Officer | 40 | $209,682 | $17,602 |
| TAMARA FRYE | SVP, HUMAN RESOURCES Highest-paid employee | 40 | $200,693 | $18,549 |
| BHUMIP PATEL UNTIL 1024 | SVP, ACCOUNTING & FI Former | 40 | $203,976 | $8,484 |
| LISA CHENSVOLD | SVP, STRATEGIC COMMU Highest-paid employee | 40 | $191,766 | $18,907 |
| ADRIENNE SMITH | SVP, RESEARCH Highest-paid employee | 40 | $185,734 | $7,942 |
| SINDHU LAKSHMANAN | SVP, DEVELOPMENT SER Highest-paid employee | 40 | $175,031 | $13,758 |
| JESSEL AMIN SINCE 624 | EVP, CHIEF INVESTMENT OFFICER Key employee | 40 | $175,459 | $9,075 |
| MARY SCOTT BALYS | VP, PUBLIC POLICY Highest-paid employee | 40 | $160,407 | $6,955 |
| KEVIN FRYATT SINCE 624 | EVP, CHIEF OPERATING OFFICER Officer | 40 | $153,852 | $9,129 |
| DONNA GAMBRELL | BOARD CHAIR UNTIL 12/24 Trustee or director, Officer | 2 | $0 | $0 |
| BETSY BIEMANN | BOARD VICE CHAIR UNTIL 10/24 Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT VILLARREAL | BOARD TREASURER UNTIL 10/24 Trustee or director, Officer | 2 | $0 | $0 |
| DAVID BECK | BOARD MEMBER UNTIL 10/24 Trustee or director, Officer | 2 | $0 | $0 |
| AISHA BENSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MARLA BILONICK | BOARD MEMBER UNTIL 10/24 Trustee or director | 2 | $0 | $0 |
| MARTINA EDWARDS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELENA GONZALES | BOARD MEMBER UNTIL 10/24 Trustee or director | 2 | $0 | $0 |
| HENRY JIMENEZ | BOARD VICE CHAIR SINCE 10/24 Trustee or director, Officer | 2 | $0 | $0 |
| TED PICCOLO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SARA RAZAVI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHRISTINA TRAVERS | BOARD TREASURER SINCE 10/24 Trustee or director | 2 | $0 | $0 |
| SKYA DUCHENEAUX | BOARD MEMBER SINCE 10/24 Trustee or director | 2 | $0 | $0 |
| JOHN HOLDSCLAW IV | BOARD MEMBER SINCE 10/24 Trustee or director | 2 | $0 | $0 |
| ARIEL MEYERSTEIN | BOARD MEMBER SINCE 6/24 Trustee or director | 2 | $0 | $0 |
| NELLY ROJAS-MORENO | BOARD MEMBER SINCE 10/24 Trustee or director | 2 | $0 | $0 |
| ARLO WASHINGTON | BOARD MEMBER SINCE 10/24 Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 123 S BROAD ST STE 1930, PHILADELPHIA, PA 19109-1026
- In care of
- % MARK PINSKY
- Principal officer (990 for 2025)
- KEVIN FRYATT, 901 D STREET SW SUITE 1050, WASHINGTON, DC 20024
- Signed the 990
- KEVIN FRYATT, EVP, CHIEF FINANCIAL OFFICER
- Phone
- (202) 573-2123
- Return prepared by
- MITCHELL & TITUS LLP
Mission
OFN'S MISSION IS TO LEAD CDFIS AND THEIR PARTNERS TO ENSURE THAT LOW-INCOME, LOW-WEALTH, AND OTHER UNDERSERVED PEOPLE AND COMMUNITIES HAVE ACCESS TO AFFORDABLE, RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES.
Program accomplishments
- MONEY: OFN IS ONE OF THE COUNTRY'S LARGEST INVESTORS IN CDFIS, EXPANDING ACCESS TO RESPONSIBLE, AFFORDABLE CAPITAL ACROSS THE COUNTRY. THE MONEY ASPECT OF OFN'S WORK INCLUDES THE FOLLOWING ACTIVITIES WHICH BENEFIT LOW-INCOME AND LOW-WEALTH COMMUNITIES THROUGHOUT THE U.S: OFN'SFINANCING FUND (ON-BALANCE-SHEET LENDING AND INVESTING IN CDFIS); FUND MANAGEMENT SERVICES (FEE-BASED BUSINESS PROVIDING CDFI FUND MANAGEMENT AND ASSET MANAGEMENT SERVICES TO THIRD PARTY INVESTORS); AND CDFI BOND GUARANTEE PROGRAM BOND ISSUANCE AND ADMINISTRATIVE SERVICES. IN 2025, OFN CLOSED A $100 MILLION BOND THROUGH THE CDFI FUND'S BOND GUARANTEE PROGRAM, RAISED AN ADDITIONAL $81.2 MILLION IN TOTAL CAPITAL, AND BUILT A STRONG PIPELINE OF STRATEGIC PARTNERSHIPS TO SUPPORT DEPLOYMENT TO CDFIS IN THE YEARS AHEAD. OFN NOW MANAGES OVER $1 BILLION IN TOTAL ASSETS, SOLIFYING OUR POSITION AS ONE THE COUNTRY'S LEADEING INVESTMENT INTERMEDIARIES IN THE COMMUNITY DEVELOPMENT FINANCE INDUSTRY.Expenses $8,644,453 · grants $2,865,000 · revenue $10,382,146
- STRENGTH: OFN IS THE LEADING CONVENER, CAPACITY BUILDER, AND THOUGHT LEADER IN COMMUNITY DEVELOPMENT FINANCE. OFN STRENGTHENS THE CDFI INDUSTRY BY PROVIDING PEER LEARNING OPPORTUNITIES, RESEARCH, NETWORKING PLATFORMS, AND SIGNATURE ANNUAL EVENTS (E.G. THE OFN CONFERENCE AND SMALL BUSINESS FINANCE FORUM) FOR CDFI PRACTITIONERS, PARTNERS, AND INVESTORS. IN 2025, OFN LAUNCHED A NEW SERIES OF PRACTITIONER-FOCUSED CONVENINGS IN MARKETING COMMUNICATIONS AND HUMAN CAPITAL.TO SUPPORT THE PROFESSIONAL DEVELOPMENT AND GROWTH OF CDFI INDUSTRY PROFESSIONALS, IN 2025 OFN LAUNCHED THE CAREER MEETS PURPOSE HUB, ONE IMPORTANT COMPONENT OF THE ORGANIZATION'S STRATEGIC SUPPORT FOR THE CDFI WORKFORCE THROUGH THE CAREER MEETS PURPOSE INITIATIVE. OFN REPORTS, SURVEYS, AND OTHER PUBLICATIONS PROVIDE VALUABLE DATA AND INSIGHT ON THE CDFI INDUSTRY AND, IN 2025, OFN CONTINUED TO PUBLISH FEATURED REPORTS LIKE THE 27TH EDITION OF THE SIDE BY SIDE CHARTBOOK AND MEMBER SURVEY ALONGSIDE NEW PUBLICATIONS INCLUDING THE INSIGHT BRIEFING ON DONOR-ADVISED FUNDS AND CDFIS, SECTOR TRENDS IN OFN MEMBER LOAN FUND LENDING, AND THE IMPACT OF CDFI FUND FINANCIAL ASSISTANCE AWARDS. THESE NEW OFFERINGS COMPLEMENT OFN'S RANGE OF IN-PERSON AND ONLINE TRAININGS AND OFN'S ANNUAL CONFERENCE, WHICH BROUGHT TOGETHER 2,100 ATTENDEES REPRESENTING 46 STATES AND TERRITORIES FOR MORE THAN 130 BREAKOUT SESSIONS AND MAINSTAGE DISCUSSIONS.Expenses $8,650,163 · revenue $6,576,771
- VOICE: ACROSS MULTIPLE CHANNELS AND AUDIENCES, OFN'S POLICY ADVOCACY AND STRATEGIC COMMUNICATIONS DRIVE THE MESSAGE THAT CDFI INVESTMENTS TRANSFORM COMMUNITIES AND CHANGE LIVES, AMPLIFYING THE CDFI MESSAGE, DEEPENING SUPPORT FOR COMMUNITY DEVELOPMENT FINANCE, AND INCREASING RESOURCES FOR CDFIS. IN 2025, OFN WAS INSTRUMENTAL IN SECURING A LEVEL $324 MILLION APPROPRIATION FOR THE CDFI FUND, LEADING MORE THAN 300 HILL VISITS THAT MOBILIZED AND DEEPENED BIPARTISAN SUPPORT FOR COMMUNITY DEVELOPMENT FINANCE, AND WORKING WITH OUTLETS INCLUDING THE NEW YORK TIMES, THE WALL STREET JOURNAL, AND POLITICO TO TELL THE STORY OF THE IMPACT AND IMPORTANCE OF CDFIS.Expenses $2,486,399
- OTHERExpenses $2,590,953 · revenue $93,259,674
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
- 20-5189202
- 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
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W60)
- Assets (IRS master file)
- $2,739,933,864
- Income (IRS master file)
- $139,737,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $24,971,319 | $31,233,261 | $313,600,163 | IRS |
| 990 | December 2022 | $76,048,439 | $36,517,605 | $294,224,646 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about OPPORTUNITY FINANCE NETWORK
- What is the EIN of OPPORTUNITY FINANCE NETWORK?
- The employer identification number (EIN) of OPPORTUNITY FINANCE NETWORK is 20-5189202.
- Is OPPORTUNITY FINANCE NETWORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to OPPORTUNITY FINANCE NETWORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPPORTUNITY FINANCE NETWORK 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 OPPORTUNITY FINANCE NETWORK 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 OPPORTUNITY FINANCE NETWORK 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 OPPORTUNITY FINANCE NETWORK?
- The 990 for the year ended December 31, 2025 names KEVIN FRYATT.
- Who are the officers and directors of OPPORTUNITY FINANCE NETWORK?
- The 990 for the year ended December 31, 2025 lists 36 people; 22 received compensation from the organization, the highest $418,456 (HAROLD PETTIGREW, PRESIDENT & CEO).
- How much revenue does OPPORTUNITY FINANCE NETWORK have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $139,747,451, expenses of $33,092,426 and total assets of $2,739,933,864 at year end.
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