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Economic Justice Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823512608 ✦ Sacramento, CA ✦ Designated as a 501(c)(3)

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Overview

What is Economic Justice Fund?

The Economic Justice Fund, established in Sacramento, California, is a mission-oriented Community Development Financial Institution (CDFI). Its primary objective is to uplift economically disadvantaged and low-income individuals by offering them equitable and affordable financing and financial development services. In 2022, the organization extended 25 affordable loans, building upon the 41 loans it provided in 2021. Additionally, the Economic Justice Fund offers complimentary credit-building services to its clients, further supporting their financial growth. The institution operates with the goal of empowering underrepresented communities, working towards economic equity and financial stability.


Official website here: www.economicjusticefund.org

Is Economic Justice Fund legitimate?

Economic Justice Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Justice Fund 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.


Official website here: www.economicjusticefund.org

What is the mission statement of Economic Justice Fund?

The Economic Justice Fund, as a mission-driven Community Development Financial Institution, aims to empower underprivileged, low-income individuals by offering them fair and affordable financing and financial development services. In line with its mission, the fund provided 25 affordable loans in 2022, built upon the 41 loans it distributed in 2021. Furthermore, the Economic Justice Fund extends complimentary credit-building services to its clients, demonstrating its commitment to financially empowering its community.


Official website here: www.economicjusticefund.org

Who is the CEO of Economic Justice Fund?

Scott Berman is the President of Economic Justice Fund.


Official website here: www.economicjusticefund.org

What is the revenue of Economic Justice Fund?

Economic Justice Fund's revenue in 2022 was $128,585.


Official website here: www.economicjusticefund.org

Who are the executives of Economic Justice Fund and what are their salaries?


Here are 7 key members and their salaries:


Scott Berman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Gambrell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruth Jaure (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Berg (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Abigail Suarez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Olivia Rebanal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Sporte (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.economicjusticefund.org

Where can I find the form 990EZ for Economic Justice Fund?

Economic Justice Fund's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.economicjusticefund.org

Learn more at the official website: www.economicjusticefund.org

Mission Statement of Economic Justice Fund

The Economic Justice Fund, as a Community Development Financial Institution, is committed to empowering underprivileged and low-income borrowers. Its mission, situated in a third-person perspective, is centered around providing fair and affordable financing and financial development services. This organization strives to uplift these individuals, investing in 25 loans in 2022 and 41 loans in the previous year, 2021. Additionally, the Economic Justice Fund offers complimentary credit-building services to its clients, further aiding in their financial growth and stability.

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Impact




October, 2024

The Economic Justice Fund plays a significant role in empowering underrepresented, low-income borrowers in Sacramento, CA. By providing fair and affordable financing options, the Fund helps to address systemic inequalities in access to credit and financial services. In 2022, it issued 25 affordable loans, complementing the 41 loans made in 2021. These efforts not only facilitate access to capital but also promote financial independence and stability for clients. Additionally, the Fund offers free credit-building services, enhancing clients' financial literacy and helping them improve their credit scores. Through these initiatives, the Economic Justice Fund fosters economic equity and supports community development.




This information is meant to be a general summary of Economic Justice 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.

Revenue
$128,585 (2022)
Expenses
$136,809 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $19,541
  • Gross Receipts: $128,585

Assets and Liabilities:

  • Total Assets: $393,092
  • Total Liabilities: $256,420
  • Net Assets: $136,672

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Organization Details

Principal Officer

Scott Berman

Main Address

1007 7th St Fl 4 Ste 416, Sacramento, CA, 95814

NTEE Category

Code: W60 - Public benefit

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