Overview
What is Washington Area Community Investment Fund Inc?
Washington Area Community Investment Fund Inc, based in Washington D.C., is a nonprofit organization committed to boosting equity and economic opportunities in underprivileged communities. They achieve this by investing knowledge, social, and financial capital in low- and moderate-income entrepreneurs in the Washington area. Their mission is centered around three strategic pillars: inclusive entrepreneurship, community wealth building, and equitable economic opportunity. They accomplish this through providing access to capital products and services, as well as capacity building advisory services. Their offerings include group classes, one-on-one advice, and intensive programs to help entrepreneurs develop their businesses, such as their ASCEND Capital Accelerator specifically tailored for women entrepreneurs of color. In 2022, they offered over 1,300 units of technical assistance to small business and nonprofit clients.
Official website here: www.wacif.org
Is Washington Area Community Investment Fund Inc legitimate?
Washington Area Community Investment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Area Community Investment Fund Inc 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.
Here are some key statistics you may want to consider:
Executive Compensation: $541,269
Professional Fundraising Fees: $29,500
Other Salaries and Wages: $2,470,921
For more financial information, click here
What is the mission statement of Washington Area Community Investment Fund Inc?
The Washington Area Community Investment Fund Inc is a nonprofit organization dedicated to increasing equity and economic opportunities. Their mission is achieved by investing knowledge, social, and financial capital in low- and moderate-income entrepreneurs in their local community. They prioritize three strategic pillars: inclusive entrepreneurship, community wealth building, and equitable economic opportunity. To fulfill this mission, they provide access to capital products and services, as well as capacity building advisory services to these entrepreneurs.
Official website here: www.wacif.org
Who is the CEO of Washington Area Community Investment Fund Inc?
Brendon Miller is the Chief Executive Officer of Washington Area Community Investment Fund Inc. The CEO's salary of Washington Area Community Investment Fund Inc is $187,359 and their total compensation is $201,414.
Official website here: www.wacif.org
What is the revenue of Washington Area Community Investment Fund Inc?
Washington Area Community Investment Fund Inc's revenue in 2022 was $9,086,978.
Official website here: www.wacif.org
Who are the executives of Washington Area Community Investment Fund Inc and what are their salaries?
The average compensation at Washington Area Community Investment Fund Inc during 2022 was $62,754. There are 48 employees and 12 volunteers at Washington Area Community Investment Fund Inc.
Here are 23 key members and their salaries (Washington Area Community Investment Fund Inc's CEO's salary is $187,359 and their total compensation is $201,414):
- Harold Pettigrew (Chief Executive Officer)
- Shauna Yeldell (Chief Lending Officer)
- Kevin Fryatt Chief Financial (& Operations Officer)
- Brendon Miller Chief Develop (& Communications Officer)
- Kimberley Gayle (Chief Programs Officer)
- Valerie Kindt (Director Of Strategic Initiatives)
- Junell Venord (Human Capital Director)
- Patricia Thornton (Director Of Finance)
- Nancy Stark (Board Chair) [Trustee/Director]
- Rob Riordan (Board Vice Chair) [Trustee/Director]
- Nora Diamond-Jones (Secretary) [Trustee/Director]
- Brian Nagendra (Treasurer) [Trustee/Director]
- Matt Glatting (Board Member) [Trustee/Director]
- Corey Arnez Griffin (Board Member) [Trustee/Director]
- Dawnn Leary (Board Member - Until 3/2022) [Trustee/Director]
- Devin Leary-Hanebrink (Board Member - Until 2/2022) [Trustee/Director]
- Brian Lewald (Board Member) [Trustee/Director]
- Emeka Moneme (Board Member) [Trustee/Director]
- Anne Morrison (Board Member) [Trustee/Director]
- Klade Hare Nersasian (Board Member) [Trustee/Director]
- Sowmya Pelluru (Board Member - Until 4/2022) [Trustee/Director]
- Aquil Stinson (Board Member) [Trustee/Director]
- Abigail Suarez (Board Member) [Trustee/Director]
Official website here: www.wacif.org
Where can I find the form 990 for Washington Area Community Investment Fund Inc?
The Washington Area Community Investment Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wacif.org
Learn more at the official website: www.wacif.org
Mission Statement of Washington Area Community Investment Fund Inc
The Washington Area Community Investment Fund Inc, a nonprofit community loan fund, is committed to fostering equality and economic opportunities in underserved communities within the Washington, D.C. area. Their mission is driven by three strategic pillars: inclusive entrepreneurship, community wealth building, and equitable economic opportunity. To achieve this, the organization provides access to capital products and services, as well as capacity building advisory services, to low- and moderate-income entrepreneurs. By doing so, WACIF aims to empower these entrepreneurs, thereby promoting economic growth and social development in the targeted communities.
Impact
This information is meant to be a general summary of Washington Area Community Investment Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Washington Area Community Investment Fund Inc's impact is significant in increasing equity and economic opportunity in underserved communities in the Washington, DC area. Through its small business advisory services, WACIF provides crucial knowledge, social, and financial capital to low- and moderate-income entrepreneurs. By offering tailored advisory services, including business planning, marketing, financial statements, legal guidance, and real estate support, WACIF empowers entrepreneurs to succeed and thrive. Additionally, WACIF's specialized programs like the Ascend Capital Accelerator, which supports women entrepreneurs of color, further contribute to creating a more equitable and inclusive business environment. In 2022 alone, WACIF provided over 1,300 units of technical assistance to small businesses, demonstrating the tangible and positive impact it has on the community. Through its commitment to inclusive entrepreneurship, community wealth building, and equitable economic opportunities, Washington Area Community Investment Fund Inc is actively driving positive change and fostering sustainable growth in the region.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUND MANAGEMENT INCOME
Revenue
$1,864,295
LOAN FEES
Revenue
$160,257
INTEREST FROM LOANS
Revenue
$158,907
CONTRACTS
Revenue
$17,500
Organization Details
Founding Year
1987
Phone
(202) 529-5505
Principal Officer
Brendon Miller
Main Address
2012 RHODE ISLAND AVENUE NE, WASHINGTON, DC, 20018
Website
www.wacif.org
NTEE Category
Code: S31 - Community improvement
If you are a representative of Washington Area Community Investment Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.