Nonprofit · EIN 74-2814572
PEOPLEFUND
Tax-exempt · AUSTIN, TX 78702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $12,869,917 | $12,142,180 | $727,737 | $108,317,377 | $76,272,487 | $32,044,890 |
| December 31, 2024 | 990 | $23,699,129 | $13,869,670 | $9,829,459 | $97,649,169 | $66,630,904 | $31,018,265 |
| December 31, 2023 | 990 | $11,176,295 | $11,205,653 | -$29,358 | $75,269,243 | $54,084,657 | $21,184,586 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $6,076,894
- of which government grants
- $2,958,950
- Program service revenue
- $6,138,410
- Investment income
- $654,613
- Net gain from sales of assets
- $2,641
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $321,550
- Compensation of officers, directors and key employees
- $603,477
- Other salaries and wages
- $3,914,874
- Salaries, compensation and benefits (total)
- $5,340,019
- Professional fundraising fees
- $0
- Legal fees
- $218,969
- Accounting fees
- $136,250
- Occupancy
- $231,032
- Travel
- $70,570
- Depreciation
- $438,365
- Program services (functional)
- $9,674,869
- Management and general (functional)
- $1,941,417
- Fundraising (functional)
- $525,894
Balance sheet and other
- Total assets, start of year
- $97,649,169
- Total assets, end of year
- $108,317,377
- Total liabilities, end of year
- $76,272,487
- Net assets, end of year
- $32,044,890
- Land, buildings and equipment
- $3,209,825
- Publicly traded securities
- $12,303,813
- Net assets without donor restrictions
- $31,500,900
- Net assets with donor restrictions
- $543,990
- Gross receipts
- $14,110,064
- Employees
- 66
- Volunteers
- 17
- Year formed
- 1994
- State of legal domicile
- TX
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 |
|---|---|---|---|---|
| GUSTAVO LASALA | PRESIDENT AND CEO Officer | 40 | $296,846 | $31,289 |
| OSCAR FERNANDO ALMANZA | CIO Highest-paid employee | 40 | $229,613 | $46,251 |
| ANTHONY HEDGER | CFO Officer | 40 | $234,576 | $40,764 |
| JENNIFER PALECEK | SVP OF PHILANTHROPIC RELATIONS Highest-paid employee | 40 | $185,191 | $23,054 |
| MICHELLE POWELL | FINANCIAL CONTROLLER Highest-paid employee | 40 | $133,338 | $8,509 |
| STONE CARROLL | DIRECTOR OF UNDERWRITING Highest-paid employee | 40 | $109,500 | $17,001 |
| JANIE HERNANDEZ | SVP EMPLOYMENT RELATIONS Highest-paid employee | 25 | $102,375 | $6,925 |
| LUTHER BRANHAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LARRY MILLER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NINA NELMS | VICE CHAIR - PART YEAR Trustee or director, Officer | 1 | $0 | $0 |
| ANNA SANCHEZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BETH LIPSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CECILIA CASTELO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACK NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELINDA COSTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOROTHY CLEAVES | DIRECTOR Trustee or director | 1 | $0 |
| NENA SHAH | DIRECTOR Trustee or director | 1 | $0 |
| BRYAN RUBIO | DIRECTOR Trustee or director | 1 | $0 |
| MIKE MOSKOVITZ | DIRECTOR Trustee or director | 1 | $0 |
| MIKE STITT | DIRECTOR Trustee or director | 1 | $0 |
| JOHN BURER | DIRECTOR - PART YEAR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GUSTAVO LASALA | PRESIDENT AND CEO Officer | 40 | $284,945 | $21,592 |
| ANTHONY HEDGER | CFO Officer | 40 | $225,654 | $25,992 |
| JENNIFER PALECEK | SVP OF PHILANTHROPIC PARTNERSHIPS Highest-paid employee | 40 | $178,149 | $16,417 |
| OSCAR FERNANDO ALMANZA | CIO Highest-paid employee | 40 | $168,732 | $12,600 |
| WILLIAM ANDERSON | DIRECTOR OF LENDING Highest-paid employee | 40 | $137,560 | $17,659 |
| PATRICIA COLOMO BARAY | DIRECTOR OF ASSET PROTECTION Highest-paid employee | 40 | $111,599 | $15,120 |
| STONE CARROLL | DIRECTOR OF UNDERWRITING Highest-paid employee | 40 | $108,841 | $16,013 |
| LUTHER BRANHAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NINA NELMS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LARRY MILLER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANNA SANCHEZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BETH LIPSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CECILIA CASTELO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACK NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN BURER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOROTHY CLEAVES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NENA SHAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN RUBIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE MOSKOVITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE STITT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELINDA COSTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GUSTAVO LASALA | PRESIDENT AND CEO Officer | 40 | $262,243 | $19,328 |
| ANTHONY HEDGER | CFO Officer | 40 | $208,367 | $18,336 |
| JENNIFER PALECEK | SVP OF PHILANTHROPIC PARTNERSHIPS Highest-paid employee | 40 | $167,125 | $13,885 |
| WILLIAM ANDERSON | DIRECTOR OF LENDING Highest-paid employee | 40 | $141,043 | $14,144 |
| KRISTI ESPINO | CONTROLLER Highest-paid employee | 40 | $118,901 | $14,493 |
| DAWNETTA SMITH | SR DIRECTOR EDUCATION & TRAINING Highest-paid employee | 40 | $118,708 | $13,249 |
| THERESA WILSON | SR DIRECTOR HUMAN RESOURCES Highest-paid employee | 40 | $116,445 | $14,689 |
| LUTHER BRANHAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| YOLANDA DAVILA | CHAIR (THRU 4/17/23) Trustee or director, Officer | 1 | $0 | $0 |
| NINA NELMS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN HALL | VICE CHAIR (THRU 4/17/23) Trustee or director, Officer | 1 | $0 | $0 |
| ANNA SANCHEZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BETH LIPSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CECILIA CASTELO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARRY MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JACK NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN BURER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOROTHY CLEAVES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NENA SHAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN RUBIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EUGENE SEPULVEDA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE MOSKOVITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2921 E 17TH ST BLDG D STE 1, AUSTIN, TX 78702-1595
- In care of
- % GUSTAVO LASALA
- Principal officer (990 for 2025)
- GUSTAVO LASALA, 2921 E 17TH STREET BUILDING D 1, AUSTIN, TX 78702
- Signed the 990
- GUSTAVO LASALA, PRESIDENT AND CEO
- Phone
- (888) 222-0017
- Website
- WWW.PEOPLEFUND.ORG
- Return prepared by
- PLANTE & MORAN PLLC
Mission
PEOPLEFUND CREATES ECONOMIC OPPORTUNITY AND FINANCIAL STABILITY FOR UNDERSERVED PEOPLE AND COMMUNITIES BY PROVIDING ACCESS TO CAPITAL, EDUCATION, AND RESOURCES TO BUILD HEALTHY SMALL BUSINESSES.
Program accomplishments
- PEOPLEFUND IS A 501(C)(3) NONPROFIT CORPORATION WHOSE MISSION IS TO PROMOTE ECONOMIC VITALITY AND OPPORTUNITY IN LOW INCOME COMMUNITIES BY PROVIDING FINANCIAL SERVICES AND TECHNICAL ASSISTANCE THAT WILL: CREATE JOBS, PROVIDE NEEDED GOODS AND SERVICES, IMPROVE THE PHYSICAL ENVIRONMENT, PROMOTE DIVERSITY, ENTREPRENEURIAL SUCCESS, AND BUILD INDIVIDUAL AND COMMUNITY ASSETS. PEOPLEFUND PROVIDES FINANCING AND COMPREHENSIVE TECHNICAL ASSISTANCE SERVICES TO BUSINESSES, COMMUNITY ORGANIZATIONS, AND MICROENTERPRISES IN LOWER INCOME COMMUNITIES THROUGHOUT TEXAS.Expenses $9,674,869 · grants $321,550 · revenue $6,138,410
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
- 74-2814572
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $108,317,377
- Income (IRS master file)
- $14,110,064
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $12,869,917 | $12,142,180 | $108,317,377 | XML |
| 990 | December 2024 | $23,699,129 | $13,869,670 | $97,649,169 | IRS |
| 990 | December 2023 | $11,176,295 | $11,205,653 | $75,269,243 | XML |
| 990 | December 2022 | $11,186,466 | $10,360,911 | $70,013,078 | 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 74-2814572).
Questions about PEOPLEFUND
- What is the EIN of PEOPLEFUND?
- The employer identification number (EIN) of PEOPLEFUND is 74-2814572.
- Is PEOPLEFUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to PEOPLEFUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PEOPLEFUND 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 PEOPLEFUND 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 PEOPLEFUND 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 PEOPLEFUND?
- The 990 for the year ended December 31, 2025 names GUSTAVO LASALA.
- Who are the officers and directors of PEOPLEFUND?
- The 990 for the year ended December 31, 2025 lists 21 people; 7 received compensation from the organization, the highest $296,846 (GUSTAVO LASALA, PRESIDENT AND CEO).
- How much revenue does PEOPLEFUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $12,869,917, expenses of $12,142,180 and total assets of $108,317,377 at year end.
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