Nonprofit · EIN 45-3686069
IRCS CENTER FOR ECONOMIC OPPORTUNITY INC
Tax-exempt · SAN DIEGO, CA 92195
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $6,801,266 | $6,632,079 | $169,187 | $27,853,053 | $16,062,361 | $11,790,692 |
| September 30, 2024 | 990 | $6,038,537 | $6,995,733 | -$957,196 | $28,193,836 | $16,572,331 | $11,621,505 |
| September 30, 2023 | 990 | $6,039,414 | $1,353,615 | $4,685,799 | $18,295,231 | $5,716,530 | $12,578,701 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $4,619,536
- of which government grants
- $800,348
- Program service revenue
- $1,849,428
- Investment income
- $332,137
- Other revenue
- $165
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $764,813
- Other salaries and wages
- $897,355
- Salaries, compensation and benefits (total)
- $2,149,349
- Professional fundraising fees
- $0
- Accounting fees
- $38,344
- Occupancy
- $2,296
- Travel
- $67,350
- Program services (functional)
- $5,767,003
- Management and general (functional)
- $445,082
- Fundraising (functional)
- $419,994
Balance sheet and other
- Total assets, start of year
- $28,193,836
- Total assets, end of year
- $27,853,053
- Total liabilities, end of year
- $16,062,361
- Net assets, end of year
- $11,790,692
- Net assets without donor restrictions
- $2,007,763
- Net assets with donor restrictions
- $9,782,929
- Gross receipts
- $6,801,266
- Employees
- 15
- Volunteers
- 23
- Year formed
- 2011
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Johannes Van de Weerd | Board President Officer | 37.5 | $0 | $375,887 |
| Ellen Beattie | Board President Interim ED Officer | 37.5 | $0 | $285,203 |
| Kasra Movahedi | Executive Director Former | 37.5 | $172,122 | $0 |
| Megan Hershiser | Assoc Dir Corporate Partnerships Highest-paid employee | 37.5 | $159,474 | $0 |
| Gokcen Topbas | Director Credit Strategy Highest-paid employee | 37.5 | $138,289 | $0 |
| Senad Voloder | Dep Dir Origination & Servicing Highest-paid employee | 37.5 | $133,792 | $0 |
| Mary Grace Ner | Dep Dir Finance & Administration Highest-paid employee | 37.5 | $121,210 | $0 |
| Zachary Bezold | Dep Dir Learning & Innovation Highest-paid employee | 37.5 | $111,762 | $0 |
| Ariana Miller | Executive Director Key employee | 37.5 | $0 | $0 |
990 for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Johannes Van de Weerd | Board President Officer | 37.5 | $340,523 |
| Ellen Beattie | Board Tresurer Officer | 37.5 | $247,000 |
| Kasra Movahedi | Executive Director Former | 37.5 | $149,618 |
| Megan Hershiser | Assoc Dir Corporate Partne Highest-paid employee | 37.5 | $115,038 |
| Gokcen Topbas | Director Credit Strategy Highest-paid employee | 37.5 | $107,210 |
| Senad Voloder | Dep Dir Origination & Serv Highest-paid employee | 37.5 | $100,237 |
| Mary Grace Ner | Dep Dir Finance & Administ Highest-paid employee | 37.5 | $95,635 |
| Zachary Bezold | Dep Dir Learning & Innovat Highest-paid employee | 37.5 | $92,438 |
| Ariana Miller | Executive Director Officer | 37.5 | $0 |
990 for the year ended September 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HANS VAN DE WEERD | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $334,189 | $38,404 |
| ELLEN BEATTIE | TREASURER Trustee or director, Officer | 0.5 | $0 | $154,127 | $29,981 |
| KASRA MOVAHEDI | EXECUTIVE DIRECTOR Officer | 37.5 | $135,712 | $0 | $25,822 |
| MARY GRACE NER | DEPUTY DIR., FINANCE & ADMIN. Officer | 37.5 | $84,752 | $0 | $28,134 |
| SEAN CARPENTER | CHAIRMAN Trustee or director, Officer | 0.5 | $6,406 | $0 | $0 |
| MICHAEL AIKENS | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| RADHA RAJKOTIA | DIRECTOR, THRU OCT. 2022 Trustee or director | 0.5 | $0 | $0 | $0 |
| SUTANTO WIDJAJA | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 152188, SAN DIEGO, CA 92195-2188
- In care of
- % ELLEN BEATTIE
- Signed the 990
- ELLEN BEATTIE, Board President Interim ED
- Phone
- (888) 612-1002
- Website
- HTTPS://WWW.IRC-CEO.ORG/
- Return prepared by
- Padilla and Company LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 45-3686069 or by the name IRCS CENTER FOR ECONOMIC OPPORTUNITY INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO HELP CREATE A MORE FAIR FINANCIAL SYSTEM THROUGH WHICH PEOPLE REALIZE THEIR POTENTIAL AND COMMUNITIES PROSPER.
Program accomplishments
- IRCs Center for Economic Opportunity (IRC-CEO) advances its exempt purpose by expanding responsible access to credit for low- and very-low-income refugees, immigrants, and other individuals and households with limited access to conventional financing. During the fiscal year ended September 30, 2025, IRC-CEO provided responsible consumer and small business loans in collaboration with community-based partners that also offered credit education, technical assistance, and related financial capability and asset-building support. During FY2025, IRC-CEO deployed approximately $7.7 million in lending capital and maintained 3,681 outstanding loans as of September 30, 2025. IRC-CEOs integrated lending and education model helped borrowers establish or improve credit, address essential household and business needs, and pursue longer-term financial stability. (continuation in Schedule O, General Explanation)Expenses $5,767,003 · grants $1,450,000 · revenue $1,353,424
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 45-3686069
- 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
- 2014
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P84)
- Assets (IRS master file)
- $27,853,053
- Income (IRS master file)
- $6,801,266
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $6,801,266 | $6,632,079 | $27,853,053 | XML |
| 990 | September 2024 | $6,038,537 | $6,995,733 | $28,193,836 | XML |
| 990 | September 2023 | $6,039,414 | $1,353,615 | $18,295,231 | XML |
| 990 | September 2022 | $5,658,628 | $2,595,090 | $12,149,016 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 45-3686069).
Questions about IRCS CENTER FOR ECONOMIC OPPORTUNITY INC
- What is the EIN of IRCS CENTER FOR ECONOMIC OPPORTUNITY INC?
- The employer identification number (EIN) of IRCS CENTER FOR ECONOMIC OPPORTUNITY INC is 45-3686069.
- Is IRCS CENTER FOR ECONOMIC OPPORTUNITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to IRCS CENTER FOR ECONOMIC OPPORTUNITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IRCS CENTER FOR ECONOMIC OPPORTUNITY 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 IRCS CENTER FOR ECONOMIC OPPORTUNITY INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IRCS CENTER FOR ECONOMIC OPPORTUNITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who are the officers and directors of IRCS CENTER FOR ECONOMIC OPPORTUNITY INC?
- The 990 for the year ended September 30, 2025 lists 9 people; 6 received compensation from the organization.
- How much revenue does IRCS CENTER FOR ECONOMIC OPPORTUNITY INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $6,801,266, expenses of $6,632,079 and total assets of $27,853,053 at year end.
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