Form 990 for tax year 2023

Totals

Total revenue

$5,574,904

Total expenses

$4,990,277

Contributions and grants received

$5,393,934

Grants paid

$517,000

Program service revenue

$0

Investment income

$105,763

Other revenue

$75,207

Total assets, end of year

$7,919,764

Total liabilities, end of year

$914,146

Net assets or fund balances, end of year

$7,005,618

Program services expenses (Part IX)

$4,292,837

Management and general expenses

$513,031

Fundraising expenses

$184,409

Program service expenses (Part III)

$4,292,837

Program services were 86.0% 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

• Public Education and Communications: Our public education and communications materials and activities provide information and analysis on a broad range of finance and financial markets related matters, from the impact of high-cost lending, to investor protections, to capital markets and derivatives regulation and more. Our audiences include our institutional allies ( national, state and local groups ), the general public, opinion leaders, policymakers, and various forms of media. We work to build public will for substantial reform toward a just and accountable financial system. Our work has resulted in thousands of mentions in the press and social media. . Building and Maintaining a Broad Coalition: We bring together a nonpartisan nonprofit coalition of more than 200 civil rights, consumer, labor, investor, small business, and civic and community-based organizations. We build connections among disparate groups; put together and nurture an infrastructure to develop and share information, experiences, insights, tools, tactics, and strategies; and provide materials, research, and other tools so that together we can develop and advance economic and racial justice priorities to reform the financial system. Policy Analysis and Development: We analyse policy proposals in the financial space, including regulatory proposals from the CFPB, Federal Reserve, FDIC, SEC, CFTC and more, as well as legislative proposals ; write regulatory comment letters arguing for consumer and investor protection, financial stability, big bank accountability, increased transparency, an end to racial discrimination, etc; testify as experts before Congress; convene public policy conversations; research and write memoranda and reports. And we work with our allies to develop and propose policy solutions to stop financial sector abuses of economically vulnerable families and communities, and reverse growing inequality that results from unchecked financialization and speculation.

  Expenses $4,292,837 · Grants $517,000

As filed on the 2023 return.

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

• Americans for Financial Reform

  $200,000

• AKPIRG

  $50,000

• Texas Appleseed

  $40,000

• Virginia Organizing Inc

  $40,000

• Woodstock Institute

  $25,000

• New Economy Project

  $25,000

• GA Watch

  $20,000

• Voice Education Fund Inc

  $20,000

• Maine Peoples Alliance

  $20,000

• Center for LGBTQ Economic Adv

  $20,000

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2023

Filed

20 June 2024

IRS schema version

2023v5.1

Source object

202431779349300318

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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