Form 990 for tax year 2023

Totals

Total revenue

$1,644,969

Total expenses

$657,327

Contributions and grants received

$1,329,404

Grants paid

$0

Program service revenue

$0

Investment income

$315,565

Other revenue

$0

Total assets, end of year

$11,078,374

Total liabilities, end of year

$8,335,490

Net assets or fund balances, end of year

$2,742,884

Program services expenses (Part IX)

$655,835

Management and general expenses

$1,492

Fundraising expenses

$0

Program service expenses (Part III)

$655,835

Program services were 99.8% 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.

Mission and programs · 2023

• After more than 20 years of providing grants and advisory services to employment-focused social enterprises, REDF launched REDF Impact Investing Fund (RIIF) in 2019 to add an important tool to accelerate the growth of employment social enterprises. As the social enterprise field matures, so does the need to access flexible capital to grow, capitalize on new opportunities, and better serve employees. The objective of the financing is to support these organizations to develop entrepreneurial and management skills necessary to grow business revenue and increase employment of people facing barriers. RIIF seeks to demonstrate the creditworthiness of these employment-focused social enterprises and assist organizations in obtaining subsequent capital investments from other sources.RIIF is demonstrating a model for how flexible loan terms, combined with technical assistance, can improve borrower performance and attract new sources of capital to employment social enterprises. RIIF loans are low-cost and/or long-term loans that require less security than typical impact investments or traditional loans and are accompanied by technical assistance.

  Expenses $655,835

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• REDF

  501(c) · Venture philanthropy · CA

Provenance

Return type

form_990

Tax year

2023

Filed

5 July 2024

IRS schema version

2023v5.1

Source object

202421879349300622

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