Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $1,048,741

• 1e · Government grants (contributions)

  $2,290,718,258

• 1f · All other contributions, gifts and grants

  $9,831,150

• 2a · Program service revenue: PROGRAM INCOME

  total $12,202,995 · related or exempt $12,202,995

• 2b · Program service revenue: INTEREST ON LOANS

  total $6,666,864 · related or exempt $6,666,864

• 2c · Program service revenue: OTHER FEES

  total $3,659,487 · related or exempt $3,659,487

• 2d · Program service revenue: TRAINING EVENTS

  total $2,907,853 · related or exempt $2,907,853

• 2e · Program service revenue: SPONSORSHIP INCOME

  total $2,151,250 · related or exempt $2,151,250

• 3 · Investment income

  total $3,520,456 · excluded $3,520,456

• 7b · Less cost or other basis and sales expenses

  securities -$1,078,235

• 7c · Gain or loss

  securities $1,078,235

• 7d · Net gain or loss

  total $1,078,235 · excluded $1,078,235

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $14,800,000 · program services $14,800,000

• 5 · Compensation of officers, directors and key employees

  total $2,384,750 · program services $1,602,061 · management and general $690,044 · fundraising $92,645

• 7 · Other salaries and wages

  total $6,521,636 · program services $4,523,423 · management and general $1,685,406 · fundraising $312,807

• 9 · Other employee benefits

  total $758,874 · program services $516,032 · management and general $197,573 · fundraising $45,269

• 10 · Payroll taxes

  total $637,398 · program services $454,629 · management and general $148,904 · fundraising $33,865

• 11a · Fees: management

  total $194,297 · program services $194,297

• 11b · Fees: legal

  total $446,456 · program services $398,456 · management and general $31,512 · fundraising $16,488

• 11c · Fees: accounting

  total $161,071 · program services $108,815 · management and general $44,514 · fundraising $7,742

• 11g · Fees: other

  total $3,607,370 · program services $2,811,807 · management and general $795,563

• 13 · Office expenses

  total $864,364 · program services $605,333 · management and general $219,028 · fundraising $40,003

• 14 · Information technology

  total $1,564,221 · program services $821,557 · management and general $730,175 · fundraising $12,489

• 16 · Occupancy

  total $750,216 · program services $503,732 · management and general $210,643 · fundraising $35,841

• 17 · Travel

  total $3,966,815 · program services $3,659,293 · management and general $276,974 · fundraising $30,548

• 19 · Conferences, conventions and meetings

  total $905,289 · program services $886,547 · management and general $16,627 · fundraising $2,115

• 20 · Interest

  total $2,316,483 · program services $2,316,483

• 22 · Depreciation, depletion and amortization

  total $157,836 · program services $104,114 · management and general $46,314 · fundraising $7,408

• 23 · Insurance

  total $102,903 · program services $68,242 · management and general $29,806 · fundraising $4,855

• 24a · Other expenses: EQUIPMENT & FURNITURE

  total $243,869 · program services $153,738 · management and general $79,192 · fundraising $10,939

• 24b · Other expenses: MEMBERSHIP

  total $210,069 · program services $203,708 · management and general $3,948 · fundraising $2,413

• 24c · Other expenses: MISC EXPENSES

  total $188,184 · program services $173,660 · management and general $12,001 · fundraising $2,523

• 24d · Other expenses: MERCHANT FEES

  total $94,441 · program services $94,441 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $79,109 · program services $44,245 · management and general $31,716 · fundraising $3,148

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $1

• 2 · Savings and temporary cash investments

  beginning of year $31,484,326 · end of year $2,327,601,308

• 3 · Pledges and grants receivable

  end of year $750,000

• 4 · Accounts receivable

  beginning of year $1,100,201 · end of year $9,395,315

• 7 · Other notes and loans receivable

  beginning of year $214,498,137 · end of year $231,701,164

• 9 · Prepaid expenses and deferred charges

  beginning of year $380,703 · end of year $424,453

• 10a · Land, buildings and equipment: cost or other basis

  $2,246,928

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,662,504

• 10c · Land, buildings and equipment, net

  beginning of year $742,260 · end of year $584,424

• 11 · Investments: publicly traded securities

  beginning of year $46,032,426 · end of year $35,127,114

• 15 · Other assets

  beginning of year $19,362,110 · end of year $18,790,349

• 17 · Accounts payable and accrued expenses

  beginning of year $2,595,783 · end of year $3,906,660

• 19 · Deferred revenue

  beginning of year $80,895 · end of year $1,010,967

• 24 · Unsecured notes and loans payable

  beginning of year $150,120,000 · end of year $167,120,000

• 25 · Other liabilities

  beginning of year $27,314,139 · end of year $26,576,896

• 27 · Net assets without donor restrictions

  beginning of year $106,548,735 · end of year $110,600,601

• 28 · Net assets with donor restrictions

  beginning of year $26,940,611 · end of year $2,315,159,004

The filer's explanations (Part III)

PART I, LINE 7

THE ORGANIZATION PROVIDED INCENTIVE BONUSES TO SELECT HIGHLY COMPENSATED EMPLOYEES RELATED TO PERFORMANCE. THE CEO RECEIVED A BONUS IN AGREEMENT WITH THEIR EMPLOYMENT CONTRACT.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• NCCA GENERAL PARTNER LLC

  OPERATE AS A GENERAL PARTNER OF OPPORTUNITY FUND III · DE · income $0 · assets $94,273

  Directly controlled by OPPORTUNITY FINANCE NETWORK

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• CDFI COMMUNITY INVESTMENT FUND I LLC

  EXCLUDED · INVESTMENT IN OTHER CDFI ENTITIES · DE · 9.09% owned · share of income $30,382 · share of assets $1,310,779 · general or managing partner

  Directly controlled by OPPORTUNITY FINANCE NETWORK

• GOOD TO GROW CDFI INVESTMENT FUND LLC

  EXCLUDED · INVESTMENT IN OTHER CDFI ENTITIES · DE · 5% owned · share of income $31,219 · share of assets $1,259,548 · general or managing partner

  Directly controlled by OPPORTUNITY FINANCE NETWORK