Nonprofit · EIN 23-2920364
PENNSYLVANIA MICROENTERPRISE COALITION
Tax-exempt · PHILADELPHIA, PA 19102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 (amended) | $19,573,243 | $16,690,854 | $2,882,389 | $4,466,187 | $55,835 | $4,410,352 |
| June 30, 2024 | 990 (amended) | $18,368,769 | $17,800,737 | $568,032 | $4,170,892 | $2,642,929 | $1,527,963 |
| June 30, 2023 | 990 | $17,412,624 | $17,336,132 | $76,492 | $1,280,928 | $320,997 | $959,931 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $19,521,509
- of which government grants
- $18,192,509
- Membership dues
- $99,000
- Program service revenue
- $0
- Investment income
- $51,734
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $15,766,744
- Compensation of officers, directors and key employees
- $233,957
- Other salaries and wages
- $133,661
- Salaries, compensation and benefits (total)
- $418,451
- Professional fundraising fees
- $0
- Legal fees
- $250
- Accounting fees
- $44,981
- Occupancy
- $34,717
- Travel
- $22,897
- Program services (functional)
- $16,468,206
- Management and general (functional)
- $222,648
Balance sheet and other
- Total assets, start of year
- $4,170,892
- Total assets, end of year
- $4,466,187
- Total liabilities, end of year
- $55,835
- Net assets, end of year
- $4,410,352
- Net assets without donor restrictions
- $618,658
- Net assets with donor restrictions
- $3,791,694
- Gross receipts
- $19,573,243
- Employees
- 3
- Volunteers
- 10
- Year formed
- 1997
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VARSOVIA FERNANDEZ | CEO Officer | 45 | $215,500 | $25,125 |
| CHRIS HUDOCK 62025 | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| IAN LAWRENCE 72024 | ASST. SECRET Trustee or director, Officer | 1 | $0 | $0 |
| LESLIE BENOLIEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL BETANCOURT | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JAMES BURNETT | VICE CHAIRMA Trustee or director, Officer | 1 | $0 | $0 |
| MICHELE CLAPPER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DAVID KAHLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK MASTERSON | SECOND VICE Trustee or director, Officer | 1 | $0 | $0 |
| EVELYN SMALLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VARSOVIA FERNANDEZ | CEO Officer | 50 | $206,800 | $15,427 |
| LESLIE BENOLIEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL BETANCOURT | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JAMES BURNETT | VICE CHAIRMA Trustee or director, Officer | 1 | $0 | $0 |
| MICHELE CLAPPER | ASSISTANT SE Trustee or director, Officer | 1 | $0 | $0 |
| CHRIS HUDOCK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DAVID KAHLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK MASTERSON | SECOND VICE Trustee or director, Officer | 1 | $0 | $0 |
| RECO OWENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVELYN SMALLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VARSOVIA FERNANDEZ | CEO Officer | 40 | $197,861 | $6,308 |
| LESLIE BENOLIEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DANIEL BETANCOURT | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JAMES BURNETT | VICE CHAIRMA Trustee or director, Officer | 1 | $0 | $0 |
| MICHELE CLAPPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS HUDOCK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DAVID KAHLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK MASTERSON | SECOND VICE Trustee or director, Officer | 1 | $0 | $0 |
| RECO OWENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVELYN SMALLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 50 S 16TH STREET, PHILADELPHIA, PA 19102-2516
- In care of
- % LYNNE CUTLER
- Mailing address (990-N for 2019)
- 400 MARKET STREET, PHILADELPHIA PA 19106
- Principal officer (990 for 2024)
- VARSOVIA FERNANDEZ, 50 S 16TH STREET 17TH FLOOR, PHILADELPHIA, PA 19102
- Principal officer (990-N for 2019)
- LESLIE BENOLIEL, 400 MARKET STREET SUITE 210, PHILADELPHIA PA 19106
- Signed the 990
- VARSOVIA FERNANDEZ, CEO
- Website
- WWW.PACDFINETWORK.ORG
- Return prepared by
- ZELENKOFSKE AXELROD LLC
Mission
THE PA CDFI NETWORK IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES OF PROVIDING INFORMATION, ADVICE AND NECESSARY FINANCIAL ASSISTANCE TO FEDERALLY-CERTIFIED (CONTINUED ON SCHEDULE O)
Program accomplishments
- THE PA CDFI NETWORK COLLABORATES ON REGIONAL AND STATEWIDE INITIATIVES TO SUPPORT SMALL BUSINESSES. IT HAS THE CAPACITY TO ENGAGE WITH LARGE-SCALE FUNDERS, ALLOWING FOR THE DEPLOYMENT OF MORE RESOURCES TO A WIDER RANGE OF BUSINESS OWNERS THAN ANY ONE CDFI CAN SERVE. IN 2020-2021, THE NETWORK OBTAINED 249 MILLION FROM CARES ACT RESOURCES TO MANAGE STATE AND COUNTY-BASED PROGRAMS AND DELIVERED THE KEEP YOUR DOORS OPEN PROGRAM. AS A RESULT, 14,500 SMALL BUSINESSES RECEIVED RECOVERY GRANTS. (CONTINUED ON SCHEDULE O)Expenses $16,468,208 · grants $15,766,746
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2920364
- 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
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $4,466,187
- Income (IRS master file)
- $19,573,243
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $19,573,243 | $16,690,854 | $4,466,187 | XML |
| 990 | June 2024 | $18,368,769 | $17,800,737 | $4,170,892 | XML |
| 990 | June 2023 | $17,412,624 | $17,336,132 | $1,280,928 | XML |
| 990 | June 2022 | $13,231,920 | $13,145,735 | $12,721,223 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: LESLIE BENOLIEL | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 23-2920364).
Questions about PENNSYLVANIA MICROENTERPRISE COALITION
- What is the EIN of PENNSYLVANIA MICROENTERPRISE COALITION?
- The employer identification number (EIN) of PENNSYLVANIA MICROENTERPRISE COALITION is 23-2920364.
- Is PENNSYLVANIA MICROENTERPRISE COALITION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to PENNSYLVANIA MICROENTERPRISE COALITION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PENNSYLVANIA MICROENTERPRISE COALITION 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 PENNSYLVANIA MICROENTERPRISE COALITION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENNSYLVANIA MICROENTERPRISE COALITION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PENNSYLVANIA MICROENTERPRISE COALITION?
- The 990 for the year ended June 30, 2025 names VARSOVIA FERNANDEZ.
- Who are the officers and directors of PENNSYLVANIA MICROENTERPRISE COALITION?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $215,500 (VARSOVIA FERNANDEZ, CEO).
- How much revenue does PENNSYLVANIA MICROENTERPRISE COALITION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $19,573,243, expenses of $16,690,854 and total assets of $4,466,187 at year end.
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