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← MCLENNAN COMMUNITY INVESTMENT FUND

Form 990 for tax year 2024

Filed by MCLENNAN COMMUNITY INVESTMENT FUND.

Totals

Total revenue
$243,236
Total expenses
$175,396
Contributions and grants received
$234,819
Grants paid
$0
Program service revenue
$6,494
Investment income
$1,923
Other revenue
$0
Total assets, end of year
$649,380
Total liabilities, end of year
$229,868
Net assets or fund balances, end of year
$419,512
Program services expenses (Part IX)
$126,258
Management and general expenses
$48,682
Fundraising expenses
$456
Program service expenses (Part III)
$126,258

Program services were 72.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $169,400

  • 1f · All other contributions, gifts and grants

    $65,419

  • 2a · Program service revenue: LENDING PROGRAM

    total $6,494 · related or exempt $6,494

  • 3 · Investment income

    total $1,923 · excluded $1,923

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $106,430 · program services $90,466 · management and general $15,964

  • 9 · Other employee benefits

    total $9,271 · program services $7,880 · management and general $1,391

  • 10 · Payroll taxes

    total $8,020 · program services $6,817 · management and general $1,203

  • 11a · Fees: management

    total $7,890 · program services $7,890

  • 11c · Fees: accounting

    total $16,013 · management and general $16,013

  • 11g · Fees: other

    total $1,200 · program services $1,200

  • 12 · Advertising and promotion

    total $3,317 · program services $2,820 · management and general $331 · fundraising $166

  • 13 · Office expenses

    total $2,276 · program services $1,821 · management and general $455

  • 14 · Information technology

    total $2,897 · program services $2,173 · management and general $434 · fundraising $290

  • 16 · Occupancy

    total $2,800 · program services $2,240 · management and general $560

  • 19 · Conferences, conventions and meetings

    total $1,800 · program services $1,800

  • 23 · Insurance

    total $1,272 · program services $1,018 · management and general $254

  • 24a · Other expenses: BAD DEBT

    total $12,044 · management and general $12,044

  • 24b · Other expenses: DUES

    total $166 · program services $133 · management and general $33

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $359,132 · end of year $401,873

  • 2 · Savings and temporary cash investments

    beginning of year $54,622 · end of year $114,895

  • 4 · Accounts receivable

    end of year $4,370

  • 7 · Other notes and loans receivable

    beginning of year $127,314 · end of year $128,162

  • 9 · Prepaid expenses and deferred charges

    end of year $80

  • 17 · Accounts payable and accrued expenses

    beginning of year $297 · end of year $192

  • 19 · Deferred revenue

    end of year $227,900

  • 25 · Other liabilities

    beginning of year $11,800 · end of year $1,776

  • 27 · Net assets without donor restrictions

    beginning of year $109,566 · end of year $112,519

  • 28 · Net assets with donor restrictions

    beginning of year $419,405 · end of year $306,993

Mission and programs · 2024

Mission

TO SERVE SMALL BUSINESS OWNERS LACKING ACCESS TO TRADITIONAL BANKING SYSTEMS BY OFFERING ACCESS TO CAPITAL AND FINANCIAL HOW-TO ASSISTANCE

  • MCLENNAN COMMUNITY INVESTMENT FUND (MCCIF) IS A FINANCING ENTITY THAT OBTAINS A CERTIFICATION FROM THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND OF THE US TREASURY DEPARTMENT FOR THE PURPOSE OF PROVIDING LOANS TO SMALL BUSINESS OWNERS WHO HAVE NOT HAD ACCESS TO CAPITAL PROVIDED BY TRADITIONAL FINANCIAL INSTITUTIONS SUCH AS BANKS, SAVINGS AND LOANS, AND CREDIT UNIONS. THE LOAN PROGRAM IS MCCIF'S ONLY PROGRAM ACTIVITY.

    Expenses $126,258 · Revenue $6,494

As filed on the 2024 return.

Listed in Part VII

  • Alfred Solano

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • John Alexander

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jocelyn Williams

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jane Allen

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Andrea Barefield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Austin Buchs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Chase

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patricia Miller

    DIRECTOR

    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
2024
Filed
21 September 2026
IRS schema version
2024v5.5
Source object
202602649349301515

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