Nonprofit · EIN 85-3225961
SMALL BUSINESS EMPOWERMENT FUND CDFI
Tax-exempt · WILDWOOD, MO 63011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,299,835 | $780,790 | $519,045 | $1,279,103 | $62,000 | $1,217,103 |
| December 31, 2024 | 990 | $500,731 | $53,298 | $447,433 | $760,058 | $62,000 | $698,058 |
| December 31, 2023 | 990 | $126,780 | $510 | $126,270 | $251,088 | $463 | $250,625 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,282,000
- Program service revenue
- $0
- Investment income
- $13,913
- Other revenue
- $3,922
Expenses
- Grants and similar amounts paid
- $780,200
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $780,200
- Management and general (functional)
- $590
Balance sheet and other
- Total assets, start of year
- $760,058
- Total assets, end of year
- $1,279,103
- Total liabilities, end of year
- $62,000
- Net assets, end of year
- $1,217,103
- Net assets without donor restrictions
- $477,103
- Net assets with donor restrictions
- $740,000
- Gross receipts
- $1,299,835
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2020
- State of legal domicile
- MO
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 |
|---|---|---|---|
| Denise Phillips | Board Member Trustee or director | 1 | $0 |
| Mitchell Washington | Board Member Trustee or director | 1 | $0 |
| Cheryl Walker | Board Member Trustee or director | 1 | $0 |
| John Henderson | Board Member Trustee or director | 1 | $0 |
| Dr Joe Frank | Board Member Trustee or director | 1 | $0 |
| Craig Higgins | Board Member Trustee or director | 1 | $0 |
| Lorraine McKinney | Board Member Trustee or director | 1 | $0 |
| Kevin Wilson | Program Director Officer | 2 | $0 |
| Alan Richter | Chairman Officer | 1 | $0 |
| Reginald Scott | Co Chair Officer | 1 | $0 |
| Michelle Stuckey | Treasurer Officer | 1 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Denise Phillips | Board Member Trustee or director | 1 | $0 |
| Mitchell Washington | Board Member Trustee or director | 1 | $0 |
| Cheryl Walker | Board Member Trustee or director | 1 | $0 |
| John Henderson | Board Member Trustee or director | 1 | $0 |
| Dr Joe Frank | Board Member Trustee or director | 1 | $0 |
| Craig Higgins | Board Member Trustee or director | 1 | $0 |
| Lorraine McKinney | Board Member Trustee or director | 1 | $0 |
| Kevin Wilson | Program Director Officer | 2 | $0 |
| Alan Richter | Chairman Officer | 1 | $0 |
| Reginald Scott | Co Chair Officer | 1 | $0 |
| Michelle Stuckey | Treasurer Officer | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Denise Phillips | Board Member Trustee or director | 1 | $0 |
| Mitchell Washington | Board Member Trustee or director | 1 | $0 |
| Cheryl Walker | Board Member Trustee or director | 1 | $0 |
| John Henderson | Board Member Trustee or director | 1 | $0 |
| Dr Joe Frank | Board Member Trustee or director | 1 | $0 |
| Craig Higgins | Board Member Trustee or director | 1 | $0 |
| Lorraine McKinney | Board Member Trustee or director | 1 | $0 |
| Kevin Wilson | Program Director Officer | 2 | $0 |
| Alan Richter | Chairman Officer | 1 | $0 |
| Reginald Scott | Co Chair Officer | 1 | $0 |
| Michelle Stuckey | Treasurer Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1808 SAGEZ CT, WILDWOOD, MO 63011-1787
- In care of
- % KEVIN WILSON
- Principal officer (990 for 2025)
- Kevin Wilson, 1808 Sagez Ct, Wildwood, MO 63011
- Signed the 990
- Kevin Wilson, Program Director
- Phone
- (314) 241-1697
- Website
- https://stlouissbec.org
Mission
A community development financial institution or community development finance institution - abbreviated in both cases to CDFI - is a financial institution that provides credit and financial services to underserved markets and populations, primarily in the St. Louis City and county.
Program accomplishments
- The SBEF lends to low income communities at low interest rates.Expenses $780,200 · grants $780,000 · revenue $300,000
- n/a0
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
- 85-3225961
- 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)
- $1,279,103
- Income (IRS master file)
- $1,299,835
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,299,835 | $780,790 | $1,279,103 | XML |
| 990 | December 2024 | $500,731 | $53,298 | $760,058 | IRS |
| 990 | December 2023 | $126,780 | $510 | $251,088 | XML |
| 990 | December 2022 | $125,285 | $519 | $128,586 | 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 85-3225961).
Questions about SMALL BUSINESS EMPOWERMENT FUND CDFI
- What is the EIN of SMALL BUSINESS EMPOWERMENT FUND CDFI?
- The employer identification number (EIN) of SMALL BUSINESS EMPOWERMENT FUND CDFI is 85-3225961.
- Is SMALL BUSINESS EMPOWERMENT FUND CDFI tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SMALL BUSINESS EMPOWERMENT FUND CDFI tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SMALL BUSINESS EMPOWERMENT FUND CDFI 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 SMALL BUSINESS EMPOWERMENT FUND CDFI 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 SMALL BUSINESS EMPOWERMENT FUND CDFI 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 SMALL BUSINESS EMPOWERMENT FUND CDFI?
- The 990 for the year ended December 31, 2025 names Kevin Wilson.
- Who are the officers and directors of SMALL BUSINESS EMPOWERMENT FUND CDFI?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does SMALL BUSINESS EMPOWERMENT FUND CDFI have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,299,835, expenses of $780,790 and total assets of $1,279,103 at year end.
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