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.
Heare are some key statistics you may want to consider:
Executive Compensation: $27,255
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
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 CEO of Economic Justice Fund The CEO's salary of Economic Justice Fund is $23,895 and their total compensation is $25,655.
Official website here: www.economicjusticefund.org
What is the revenue of Economic Justice Fund?
Economic Justice Fund's revenue in 2023 was $528,166.
Official website here: www.economicjusticefund.org
Who are the executives of Economic Justice Fund and what are their salaries?
The average compensation at Economic Justice Fund during 2023 was $27,255. There is 1 employee and 6 volunteers at Economic Justice Fund.
Here are 7 key members and their salaries (Economic Justice Fund's CEO's salary is $23,895 and their total compensation is $25,655):
- Compensation: $23,895
- Related: $0
- Other: $1,760
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.economicjusticefund.org
Where can I find the form 990 for Economic Justice Fund?
Economic Justice Fund's most recent form 990 was submitted in 2023 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $28,166
- Gross Receipts: $528,166
Assets and Liabilities:
- Total Assets: $393,092
- Total Liabilities: $256,420
- Net Assets: $136,672
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest Income
Revenue
$28,166
Organization Details
Principal Officer
Scott Berman
Website
www.economicjusticefund.orgNTEE Category
Code: W60 - Public benefit
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