Nonprofit · EIN 84-2283500
TRANSFORM FINANCE INC
Tax-exempt · NEW YORK, NY 10013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $550,034 | $716,585 | -$166,551 | $525,099 | $52,124 | $472,975 |
| December 31, 2023 | 990 | $399,392 | $622,361 | -$222,969 | $668,914 | $29,388 | $639,526 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $425,544
- Program service revenue
- $124,490
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $188,000
- Other salaries and wages
- $215,895
- Salaries, compensation and benefits (total)
- $518,865
- Professional fundraising fees
- $0
- Legal fees
- $11,299
- Accounting fees
- $13,239
- Travel
- $14,509
- Program services (functional)
- $549,386
- Management and general (functional)
- $167,199
Balance sheet and other
- Total assets, start of year
- $668,914
- Total assets, end of year
- $525,099
- Total liabilities, end of year
- $52,124
- Net assets, end of year
- $472,975
- Net assets without donor restrictions
- $61,820
- Net assets with donor restrictions
- $411,155
- Gross receipts
- $550,034
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2019
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CURTIS LYON | DIRECTOR/EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $141,843 | $3,675 |
| ANDREA ARMENI | BOARD MEMBER Trustee or director | 40 | $48,000 | $0 |
| CATHY ALBISA | BOARD PRESIDENT Trustee or director, Officer | 2.5 | $0 | $0 |
| ANER BEN-AMI | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| CHID LIBERTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREA ARMENI | BOARD MEMBER Trustee or director | 40 | $154,875 | $0 |
| CURTIS LYON | DIRECTOR Trustee or director, Officer | 40 | $97,482 | $11,870 |
| CATHY ALBISA | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| ANER BEN-AMI | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| CHID LIBERTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 447 BROADWAY, NEW YORK, NY 10013-2562
- In care of
- % CURTIS LYON - SECRETARY & TREASUR
- Principal officer (990 for 2024)
- CURT LYON, 447 BROADWAY, NEW YORK, NY 10013
- Signed the 990
- CURT LYON, EXECUTIVE DIRECTOR
- Phone
- (617) 733-7773
- Website
- TRANSFORMFINANCE.ORG
- Return prepared by
- WEAVER AND TIDWELL LLP
Mission
TO ALIGN CAPITAL WITH SOCIAL JUSTICE VALUES, AND HELP ACTIVISTS AND COMMUNITY LEADERS ACCESS CAPITAL AS A TOOL FOR TRANSFORMATIVE SOCIAL CHANGE. WE EMPOWER COMMUNITY LEADERS TO SHAPE HOW CAPITAL FLOWS AFFECT THEM - BOTH IN TERMS OF HOLDING CAPITAL ACCOUNTABLE AND HAVING A SAY IN ITS DEPLOYMENT - BY DEMYSTIFYING FINANCE AND BUILDING CAPACITY FOR ACTIVISTS AND COMMUNITY LEADERS. WE SUPPORT MEMBERS OF THE COMMUNITY WHO HAVE HISTORICALLY BEEN EXCLUDED FROM CAPITAL DECISIONS TO RECLAIM THEIR SEAT AT THE TABLE. WE SUPPORT INVESTORS COMMITTED TO DEEPENING THEIR IMPACT INVESTMENT PRACTICE TO ADOPT TRANSFORMATIVE APPROACHES AND DEMONSTRATE THE VIABILITY OF THE APPROACH VIA EDUCATION, CONCRETE TOOLS AND STRATEGIES, AND OVERALL GUIDANCE. WE FOSTER A NEW DISCOURSE AND COLLABORATION BETWEEN THESE TWO SETS OF PREVIOUSLY DISCONNECTED STAKEHOLDERS - INVESTORS AND SOCIAL JUSTICE PRACTITIONERS - BY CREATING CONNECTIONS, BREAKING DOWN BARRIERS OF KNOWLEDGE AND VALUES, AND FACILITATING DIALOGUE.
Program accomplishments
- LED A MAJOR RESEARCH INITIATIVE TO UNDERSTAND THE LANDSCAPE OF ENTERPRISES WITH OWNERSHIP AND GOVERNANCE BY NON-INVESTOR STAKEHOLDERS. INTERVIEWED DOZENS OF INVESTMENT PRACTITIONERS TO UNDERSTAND THE BARRIERS TO FIELDWIDE CAPITAL INVESTMENT. HOSTED A CONVENING OF INVESTORS, LAUNCHED A MAJOR REPORT, DEVELOPED AND DELIVERED A FOLLOW-ON COMMUNICATIONS PLAN THAT INCLUDED ADDITIONAL ARTICLES, PUBLICATIONS, WEBINARS, CONFERENCE PRESENTATIONS,AND SOCIAL MEDIA ENGAGEMENT.Expenses $235,210
- DEVELOPED A SET OF RECOMMENDATIONS FOR THE BANKING SECTOR ON HOW TO ENGAGE COMMUNITIES IN THE CREATION AND DEPLOYMENT OF CAPITAL PRODUCTS. RELEASED A REPORT ON THE SUBJECT, SOCIALIZING THE MATERIALS THROUGH INDUSTRY NETWORKS AND PUBLIC PRESENTATIONS.Expenses $27,020 · revenue $7,632
- SUPPORTED A MAJOR FOUNDATION'S EVALUATION OF THE EFFECTIVENESS OF INCLUSIVE FINANCE INTERVENTIONS, WITH THE AIM OF ENSURING THAT INVESTMENTS ACHIEVE THEIR MISSION OUTCOMES OF CREATING DIGNIFIED LIVELIHOODS FOR WOMEN AND YOUNG MEN IN AFRICA.Expenses $186,535 · revenue $116,858
- CONTINUE TO DEVELOP RESOURCE DATABASE ON WEBSITE, INCLUDING A NEW LEARNING HUB ON ALTERNATIVE OWNERSHIP ENTERPRISES. SUPPORT A VARIETY OF FIELD INITIATIVES BY PARTICIPATING IN WORKING GROUPS, STEERING COMMITTEES, AND BRAIN TRUSTS. PARTICIPATED IN A CIVIL ASSESSMENT ROUNDTABLE FOR WELLS FARGO. HELD INTRODUCTORY CONVERSATIONS WITH OUR AUDIENCE AND STAKEHOLDERS. PRESENTED AT A VARIETY OF CONFERENCES AND OTHER ORGANIZATIONAL EVENTS.Expenses $100,621
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 | Not 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
- 84-2283500
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $525,099
- Income (IRS master file)
- $550,034
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $550,034 | $716,585 | $525,099 | XML |
| 990 | December 2023 | $399,392 | $622,361 | $668,914 | XML |
| 990 | December 2022 | $989,329 | $443,020 | $1,139,613 | IRS |
| 990 | December 2021 | – | – | – | 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 84-2283500).
Questions about TRANSFORM FINANCE INC
- What is the EIN of TRANSFORM FINANCE INC?
- The employer identification number (EIN) of TRANSFORM FINANCE INC is 84-2283500.
- Is TRANSFORM FINANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to TRANSFORM FINANCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRANSFORM FINANCE 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 TRANSFORM FINANCE 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 TRANSFORM FINANCE 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 TRANSFORM FINANCE INC?
- The 990 for the year ended December 31, 2024 names CURT LYON.
- Who are the officers and directors of TRANSFORM FINANCE INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $141,843 (CURTIS LYON, DIRECTOR/EXECUTIVE DIRECTOR).
- How much revenue does TRANSFORM FINANCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $550,034, expenses of $716,585 and total assets of $525,099 at year end.
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