Overview
What is Nonprofit Finance Fund?
The Nonprofit Finance Fund (NFF) is a New York-based nonprofit organization functioning as a lender, consultant, and advocate for over 40 years. With a commitment to creating a more equitable and just social sector, NFF focuses on strengthening nonprofit organizations and improving the way funds flow towards social good. They primarily serve community-centered organizations led by and serving people of color, managing a portfolio of over $393 million and providing over $1.1 billion in financing and additional capital support to thousands of organizations nationwide. NFF's efforts include financing for nonprofits and social enterprises, consulting for more effective decision-making, and partnering with investors and service providers to promote community-led solutions. They also offer workshops, online resources, and social sector knowledge to help nonprofits adapt and thrive in a changing environment. In 2022, NFF primarily operated remotely in regions such as New York, Philadelphia, Boston, Los Angeles, and Oakland, offering a range of services like access to capital, advice and training, and workshops and online resources. NFF's mission is to boost the collective success and power of nonprofits in advancing racial equity and community wealth and well-being.
Official website here: www.nff.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86% (Three-Star out of Four Star rating)
The Nonprofit Finance Fund has achieved a Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and financial management. The charity scored 86% in its Accountability & Finance category, which is significant as it indicates a strong governance structure and adherence to best practices. Notably, the organization boasts a 94% independent board, reinforcing its commitment to transparency and ethical oversight.
The financial health of the Nonprofit Finance Fund appears solid, with a program expense ratio of 72.51%, which suggests that a substantial portion of its resources is being directed toward its mission-driven programs. Additionally, the nonprofit has implemented various policies, such as conflict of interest and whistleblower policies, which further enhance its governance framework.
However, the organization received a lower score for its liabilities to assets ratio, at 69.08%, indicating some potential concerns about its financial leverage. While this doesn't necessarily indicate immediate issues, it suggests that stakeholders should remain attentive to the nonprofit's financial positioning in the long term. Overall, the Nonprofit Finance Fund demonstrates a commitment to accountability and effective program delivery, which are essential for sustaining donor trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Nonprofit Finance Fund legitimate?
Nonprofit Finance Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nonprofit Finance Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,847,161
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,251,013
For more financial information, click here
Official website here: www.nff.org
What is the mission statement of Nonprofit Finance Fund?
The Nonprofit Finance Fund is a non-profit organization that acts as a lender, consultant, and advocate to strengthen non-profits and improve the flow of funds towards social good. With over 40 years of experience, they have committed themselves to building a more equitable and just social sector. Their mission is geared towards boosting the collective success and power of non-profits, particularly those led by and serving communities of color, to realize their aspirations and advance racial equity and community wealth and well-being. Through capital, consulting, and advocacy, they work towards making essential resources accessible to these organizations.
Official website here: www.nff.org
Who is the CEO of Nonprofit Finance Fund?
Aisha Bension is the Principal Officer of Nonprofit Finance Fund. The CEO's salary of Nonprofit Finance Fund is $168,203 and their total compensation is $177,162.
Official website here: www.nff.org
What is the revenue of Nonprofit Finance Fund?
Nonprofit Finance Fund's revenue in 2022 was $16,875,768.
Official website here: www.nff.org
Who are the executives of Nonprofit Finance Fund and what are their salaries?
The average compensation at Nonprofit Finance Fund during 2022 was $92,895. There are 141 employees and 19 volunteers at Nonprofit Finance Fund.
Here are 32 key members and their salaries (Nonprofit Finance Fund's CEO's salary is $168,203 and their total compensation is $177,162):
- Compensation: $403,410
- Related: $0
- Other: $45,237
- Compensation: $168,203
- Related: $0
- Other: $8,959
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- Compensation: $167,250
- Related: $0
- Other: $46,805
- Compensation: $44,925
- Related: $0
- Other: $0
- Compensation: $274,837
- Related: $0
- Other: $52,927
- Compensation: $222,363
- Related: $0
- Other: $64,950
- Compensation: $306,545
- Related: $0
- Other: $40,750
- Compensation: $201,357
- Related: $0
- Other: $58,222
- Compensation: $191,702
- Related: $0
- Other: $34,563
- Compensation: $175,667
- Related: $0
- Other: $50,555
- Compensation: $162,782
- Related: $0
- Other: $39,670
- Compensation: $164,508
- Related: $0
- Other: $22,431
- Compensation: $178,158
- Related: $0
- Other: $0
Official website here: www.nff.org
Where can I find the form 990 for Nonprofit Finance Fund?
Nonprofit Finance Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nff.org
Learn more at the official website: www.nff.org
Mission Statement of Nonprofit Finance Fund
Nonprofit Finance Fund, a leading nonprofit lender, consultant, and advocate, has been dedicated to enhancing the financial stability and success of nonprofit organizations for over 40 years. With a commitment to racial equity and community wealth and well-being, this innovative organization empowers social good initiatives by providing essential capital, expert consulting, and influential advocacy.
The mission of Nonprofit Finance Fund is twofold. First, they work tirelessly to strengthen nonprofit organizations, ensuring they have the necessary financial resources to thrive and better serve their communities. Second, they strive to improve the way money flows within the social sector, creating a more equitable and just environment for community-centered organizations, particularly those led by and serving people of color. By providing access to the capital and resources these organizations require, Nonprofit Finance Fund enables them to realize their communities' aspirations and effectively address pressing social issues.
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Impact
October, 2024
Through capital, consulting, and advocacy, this organization boosts the collective success and power of nonprofits to advance racial equity and community wealth and well-being. With over 40 years of experience, it strengthens organizations and improves how funding flows to social good.
As a community development financial institution (CDFI), it manages a robust portfolio of over $393 million and has provided more than $1.1 billion in financing, supporting projects totaling over $3.5 billion for thousands of organizations nationwide. It offers a range of financial services, including loans for property acquisition, construction, working capital, and innovative finance solutions like New Markets Tax Credits (NMTC) to enhance access to essential services across various sectors.
In addition to facilitating access to vital capital, the organization delivers tailored consulting services to help nonprofit leaders and their funders align financial strategies with mission success. It empowers leaders with the tools and insights needed to navigate challenges and advocate for equitable funding practices.
In 2022, it reached over 1,800 nonprofit leaders, providing crucial training in financial management and decision-making. Its commitment to racial equity is evident, with over two-thirds of loans supporting organizations led by people of color. By engaging in collaborative practices and sharing cutting-edge data, this organization actively contributes to building a more just and vibrant society, advocating for community-led solutions and the full coverage of program costs.
Overall, its impact is significant in enhancing the capacity of community-centered organizations, ensuring they have the resources and support necessary to fulfill their missions and foster lasting positive change.
This information is meant to be a general summary of Nonprofit Finance Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $67,887
- Program Service Revenue: $12,831,133
- Gross Receipts: $16,875,768
Assets and Liabilities:
- Total Assets: $264,435,834
- Total Liabilities: $182,695,570
- Net Assets: $81,740,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$9,523,472
PRGM & CONTRACT FEES
Revenue
$2,023,349
LOAN AND FINAN. FEES
Revenue
$1,284,312
Organization Details
Founding Year
1984
Phone
(212) 868-6710Principal Officer
Aisha Bension
Main Address
5 HANOVER SQUARE 9TH FL, NEW YORK, NY, 10004
Website
www.nff.orgNTEE Category
Code: S500 - Community improvement
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