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← REVOLUTIONARY ECONOMY FOR ALL LOCAL PEOPLES FUND

Form 990 for tax year 2022

Filed by REVOLUTIONARY ECONOMY FOR ALL LOCAL PEOPLES FUND.

Totals

Total revenue
$530,158
Total expenses
$101,629
Contributions and grants received
$530,000
Grants paid
$25,000
Program service revenue
$0
Investment income
$158
Other revenue
$0
Total assets, end of year
$3,455,299
Total liabilities, end of year
$2,526,770
Net assets or fund balances, end of year
$928,529
Program services expenses (Part IX)
$57,356
Management and general expenses
$44,273
Fundraising expenses
$0
Program service expenses (Part III)
$57,356

Program services were 56.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $530,000

  • 3 · Investment income

    total $158 · excluded $158

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 11b · Fees: legal

    total $40,473 · management and general $40,473

  • 11g · Fees: other

    total $32,356 · program services $32,356

  • 19 · Conferences, conventions and meetings

    total $93 · management and general $93

  • 20 · Interest

    total $1,770 · management and general $1,770

  • 23 · Insurance

    total $1,462 · management and general $1,462

  • 24a · Other expenses: FEES & LICENSES

    total $475 · management and general $475

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $600,000 · end of year $2,483,382

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $47,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $24,167

  • 12 · Investments: other securities

    beginning of year $0 · end of year $900,000

  • 15 · Other assets

    beginning of year $0 · end of year $250

  • 19 · Deferred revenue

    beginning of year $100,000 · end of year $100,000

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $2,425,075

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,695

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $500,000 · end of year $928,529

Mission and programs · 2022

Mission

TO SUPPORT, BENEFIT, AND/OR CARRY OUT THE CHARITABLE, SCIENTIFIC, LITERARY, RELIGIOUS, AND EDUCATIONAL ACTIVITIES OF THE SUPPORTED ORGANIZATIONS THROUGH A PROGRAM OF FINANCIAL ASSISTANCE, LOANS, EQUITY INVESTMENTS, AND OTHER SIMILAR ASSISTANCE.

Activities or mission (Part I)

TO SUPPORT, BENEFIT, AND/OR CARRY OUT THE CHARITABLE ACTIVITIES OF THE SUPPORTED ORGANIZATIONS.

  • WE OFFICIALLY LAUNCHED WITH OUR FIRST INVESTMENTS IN SUPPORT OF BIPOC ENTREPRENEURS AND SMALL BUSINESSES. TO DATE, WE HAVE MADE OR PARTICIPATED IN $1.3M IN NON-EXTRACTIVE, INTEGRATED CAPITAL INVESTMENTS (EQUITY PROFIT SHARE, LOANS, AND GRANTS); DEVELOPED A ROBUST PIPELINE OF 45 BUSINESSES; PROVIDED COMPREHENSIVE BUSINESS ADVISING TO 26 BUSINESSES; AND CREATED AN INNOVATIVE COMMUNITY ORGANIZING STRATEGY WITH BIPOC ENTREPRENEURS AND WORKER-OWNERS WHO ARE FIGHTING FOR POLICY AND SYSTEMS CHANGE. IN 2022, WE ENGAGED 125 ENTREPRENEURS AND WORKER-OWNERS IN BUILDING POLITICAL POWER AND OUR BASE CONTINUES TO GROW IN 2023.

    Expenses $57,356 · Grants $25,000

As filed on the 2022 return.

Listed in Part VII

  • Tash Nguyen

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    4

  • Esther Goolsby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laurika Harris-Kaye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    32

  • Maria Moreno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Linna Lin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Grace Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Liz Suk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sabrina Wu

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Nina Robinson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rani Langer-Croager

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Nate Schaffran

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Eddy Lopez Jr

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
22 September 2023
IRS schema version
2022v5.0
Source object
202313129349304016

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