Overview
What is Peoplefund?
Peoplefund is a 501(c)(3) nonprofit corporation headquartered in Austin, Texas, with a mission to foster economic vitality and opportunities in low-income communities. They achieve this by offering financial services and technical assistance, which in turn helps to create jobs, provide essential goods and services, improve the physical environment, promote diversity, and empower entrepreneurs. By providing financing and comprehensive technical assistance to businesses, community organizations, and microenterprises, Peoplefund aims to nurture financial stability and growth in underserved communities across Texas.
Official website here: www.peoplefund.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 85% (Three-Star out of Four Stars )**ar Rating)**
Peoplefund has received a solid rating of 85%, emphasizing its strong performance in accountability and finance. The organization boasts a fully independent board and has implemented robust financial oversight measures, indicating transparency and reliability. However, while its program expense ratio is commendable, the liabilities to assets ratio suggests potential financial risk that may need attention.
Despite its strengths, the organization has not been scored for impact and measurement or for culture and community, which may limit understanding of its overall effectiveness. Additionally, details regarding the salaries of key personnel are unavailable, which could raise questions about compensation practices.
User reviews from GreatNonprofits could not be fetched, limiting further insight into personal experiences and sentiments from the community served by Peoplefund. Overall, while the financial rating is promising, potential donors and stakeholders may want to seek additional information about its broader impact and community engagement.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Peoplefund?
94% of 36 reviewers on Facebook recommend Peoplefund. Here is a summary of their reviews:
Many users express high satisfaction with the services provided by Peoplefund, often highlighting the excellent support and resources available to them. They appreciate the organization's commitment to helping individuals achieve their goals, showcasing a strong sense of community and empowerment.
Overall, users feel that Peoplefund delivers on its promises, demonstrating effectiveness and dedication to their mission. The positive sentiments and strong recommendation rate indicate a solid reputation among those who have engaged with the nonprofit.
This AI summary has been generated from reviews found on Facebook.
Is Peoplefund legitimate?
Peoplefund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peoplefund 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: $423,399
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,439,245
For more financial information, click here
Official website here: www.peoplefund.org
What is the mission statement of Peoplefund?
Peoplefund, as a 501(c)(3) nonprofit corporation, is committed to promoting economic vitality and opportunities in underprivileged communities. They achieve this by providing financial services and technical assistance. This assistance is geared towards creating jobs, supplying necessary goods and services, enhancing the physical environment, fostering diversity, encouraging entrepreneurial success, and building individual and community assets. Peoplefund offers financing and comprehensive technical assistance services to businesses, community organizations, and micro-enterprises in low-income communities across Texas, with the ultimate goal of uplifting these communities financially and economically.
Official website here: www.peoplefund.org
Who is the CEO of Peoplefund?
Gustavo Lasala is the Chair of Peoplefund. The CEO's salary of Peoplefund is $260,853 and their total compensation is $277,879.
Official website here: www.peoplefund.org
What is the revenue of Peoplefund?
Peoplefund's revenue in 2022 was $11,186,466.
Official website here: www.peoplefund.org
Who are the executives of Peoplefund and what are their salaries?
The average compensation at Peoplefund during 2022 was $50,824. There are 76 employees and 92 volunteers at Peoplefund.
Here are 17 key members and their salaries (Peoplefund's CEO's salary is $260,853 and their total compensation is $277,879):
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- Compensation: $260,853
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- Other: $17,026
- Compensation: $136,667
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- Other: $8,852
- Compensation: $139,196
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- Other: $13,526
- Compensation: $115,008
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- Other: $13,974
Official website here: www.peoplefund.org
Where can I find the form 990 for Peoplefund?
Peoplefund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.peoplefund.org
Learn more at the official website: www.peoplefund.org
Mission Statement of Peoplefund
Peoplefund, a 501(c)(3) nonprofit corporation, is committed to promoting economic vitality and opportunities in underserved communities. Their mission is to create economic stability and job opportunities for these communities by providing access to capital, education, and resources. Peoplefund achieves this goal by offering financial services and comprehensive technical assistance to small businesses, community organizations, and microenterprises within lower income communities across Texas. This support enables these entities to create jobs, provide necessary goods and services, improve their physical environments, promote diversity, foster entrepreneurial success, and build individual and community assets. In essence, Peoplefund is dedicated to empowering underserved communities by helping them establish and grow sustainable businesses.
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Impact
July, 2024
Peoplefund creates economic opportunity and financial stability for underserved people and communities by providing access to capital, education, and resources to build healthy small businesses. Their impact includes creating jobs, providing needed goods and services, improving the physical environment, promoting diversity, entrepreneurial success, and building individual and community assets. Through financing and comprehensive technical assistance services, Peoplefund supports businesses, community organizations, and microenterprises in lower-income communities throughout Texas.
This information is meant to be a general summary of Peoplefund. 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: $325,424
- Program Service Revenue: $3,612,393
- Gross Receipts: $11,200,390
Assets and Liabilities:
- Total Assets: $70,013,078
- Total Liabilities: $49,309,435
- Net Assets: $20,703,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SMALL BUSINESS LENDING PROGRAM
Revenue
$3,159,960
504 INCOME
Revenue
$278,931
OTHER OPERATING INCOME
Revenue
$173,502
Organization Details
Founding Year
1994
Phone
(888) 222-0017Principal Officer
Gustavo Lasala
Main Address
2921 E 17TH STREET BUILDING D 1, AUSTIN, TX, 78702
Website
www.peoplefund.orgNTEE Category
Code: S43 - Community improvement
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