Overview
What is Trf Enterprise Fund Inc?
Trf Enterprise Fund Inc is a nonprofit organization committed to enhancing opportunities and services in underprivileged urban communities. They achieve this by offering credit access to entrepreneurs, primarily from minority and female backgrounds. Through their financing and technical assistance programs, they empower these entrepreneurs to establish and grow their businesses, thereby creating job prospects. In 2020, the organization also facilitated Paycheck Protection Program (PPP) loans, all of which were later forgiven and repaid by the Small Business Administration (SBA) in 2021. By supporting urban-based entrepreneurs, Trf Enterprise Fund Inc aims to foster wealth creation and ownership possibilities within these communities.
Is Trf Enterprise Fund Inc legitimate?
Trf Enterprise Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trf Enterprise Fund Inc submitted a form 990EZ, 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.
What is the mission statement of Trf Enterprise Fund Inc?
The TRF Enterprise Fund's mission is centered around providing credit access to entrepreneurs based in urban areas, particularly those from under-served communities. This initiative aims to increase job opportunities and services in these areas. The organization also offers technical assistance to these entrepreneurs. In 2020, TRF Enterprise Fund originated Paycheck Protection Program (PPP) loans, all of which were subsequently forgiven and repaid by the SBA in 2021. The main objective of the organization is to create wealth and ownership possibilities for minority and female entrepreneurs.
Who is the CEO of Trf Enterprise Fund Inc?
Donald Hinkle-Brown is the President of Trf Enterprise Fund Inc.
What is the revenue of Trf Enterprise Fund Inc?
Trf Enterprise Fund Inc's revenue in 2022 was $609.
Who are the executives of Trf Enterprise Fund Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Trf Enterprise Fund Inc?
Trf Enterprise Fund Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Trf Enterprise Fund Inc
Trf Enterprise Fund Inc, as a mission-driven organization, focuses on extending credit access to urban entrepreneurs who often find themselves in under-served communities. By doing so, this nonprofit aims to boost job opportunities and services within these communities. Moreover, Trf Enterprise Fund Inc strives to create wealth and ownership possibilities for minority groups and women entrepreneurs. In addition to offering financing, the organization also provides technical assistance to these entrepreneurs, enabling them to navigate the complexities of starting and running a business effectively.
In response to the challenges posed by the COVID-19 pandemic, Trf Enterprise Fund Inc stepped up its efforts by originating Paycheck Protection Program (PPP) loans in 2020. These loans were designed to help small businesses, and Trf Enterprise Fund Inc was successful in securing forgiveness and repayment of these loans by the Small Business Administration (SBA) in 2021. This initiative highlights the organization's commitment to supporting its entrepreneurial community during challenging times and ensuring their long-term success.
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Impact
October, 2024
Trf Enterprise Fund Inc plays a crucial role in fostering economic growth and community development in urban areas, particularly for under-served populations. By providing access to credit and essential technical assistance, it empowers urban-based entrepreneurs, leading to the creation of job opportunities and enhanced services in communities that often face economic challenges.
The organization's commitment to supporting minorities and females promotes wealth-building and ownership possibilities, helping to bridge economic disparities. A significant aspect of its impact was demonstrated during the COVID-19 pandemic when it originated Paycheck Protection Program (PPP) loans, which were fully forgiven and repaid by the Small Business Administration (SBA). This initiative not only provided immediate financial relief but also ensured the sustainability of many small businesses during a critical time.
In summary, Trf Enterprise Fund Inc is instrumental in enabling entrepreneurship, driving community improvement, and fostering an inclusive economic environment that benefits vulnerable populations in Philadelphia and beyond.
This information is meant to be a general summary of Trf Enterprise Fund Inc. 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: $370
- Gross Receipts: $609
Assets and Liabilities:
- Total Assets: $119,355
- Total Liabilities: $0
- Net Assets: $119,355
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Organization Details
Phone
(215) 574-5800Principal Officer
Donald Hinkle-Brown
Main Address
1700 MARKET STREET 19TH FLOOR, PHILADELPHIA, PA, 19103
NTEE Category
Code: S31 - Community improvement
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