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← PENNSYLVANIA MICROENTERPRISE COALITION

Form 990 for tax year 2024

Filed by PENNSYLVANIA MICROENTERPRISE COALITION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 5 June 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Grants paid
$15,766,746 changed to $15,766,744
Program services expenses
$16,475,221 changed to $16,468,206
Management and general expenses
$215,633 changed to $222,648
Program service expenses (Part III)
$16,475,221 changed to $16,468,208

Totals

Total revenue
$19,573,243
Total expenses
$16,690,854
Contributions and grants received
$19,521,509
Grants paid
$15,766,746
Program service revenue
$0
Investment income
$51,734
Other revenue
$0
Total assets, end of year
$4,466,187
Total liabilities, end of year
$55,835
Net assets or fund balances, end of year
$4,410,352
Program services expenses (Part IX)
$16,475,221
Management and general expenses
$215,633
Fundraising expenses
$0
Program service expenses (Part III)
$16,475,221

Program services were 98.7% 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.

  • 1b · Membership dues

    $99,000

  • 1e · Government grants (contributions)

    $18,192,509

  • 1f · All other contributions, gifts and grants

    $1,230,000

  • 3 · Investment income

    total $51,734 · excluded $51,734

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,766,746 · program services $15,766,746

  • 7 · Other salaries and wages

    total $418,451 · program services $337,765 · management and general $80,686

  • 11g · Fees: other

    total $433,849 · program services $355,850 · management and general $77,999

  • 13 · Office expenses

    total $793 · program services $467 · management and general $326

  • 16 · Occupancy

    total $34,717 · management and general $34,717

  • 17 · Travel

    total $22,897 · program services $3,511 · management and general $19,386

  • 23 · Insurance

    total $11,284 · program services $9,882 · management and general $1,402

  • 24a · Other expenses: TRAINING AND DEVELOPMENT

    total $2,108 · program services $1,000 · management and general $1,108

  • 24b · Other expenses: BANK FEES

    total $9 · management and general $9

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,126,654 · end of year $4,421,934

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,644 · end of year $1,535

  • 15 · Other assets

    beginning of year $42,594 · end of year $42,718

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,158 · end of year $4,744

  • 19 · Deferred revenue

    beginning of year $2,639,771 · end of year $51,091

  • 27 · Net assets without donor restrictions

    beginning of year $1,421,309 · end of year $618,658

  • 28 · Net assets with donor restrictions

    beginning of year $106,654 · end of year $3,791,694

Mission and programs · 2024

Mission

THE PA CDFI NETWORK IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES OF PROVIDING INFORMATION, ADVICE AND NECESSARY FINANCIAL ASSISTANCE TO FEDERALLY-CERTIFIED (CONTINUED ON SCHEDULE O)

  • THE PA CDFI NETWORK COLLABORATES ON REGIONAL AND STATEWIDE INITIATIVES TO SUPPORT SMALL BUSINESSES. IT HAS THE CAPACITY TO ENGAGE WITH LARGE-SCALE FUNDERS, ALLOWING FOR THE DEPLOYMENT OF MORE RESOURCES TO A WIDER RANGE OF BUSINESS OWNERS THAN ANY ONE CDFI CAN SERVE. IN 2020-2021, THE NETWORK OBTAINED 249 MILLION FROM CARES ACT RESOURCES TO MANAGE STATE AND COUNTY-BASED PROGRAMS AND DELIVERED THE KEEP YOUR DOORS OPEN PROGRAM. AS A RESULT, 14,500 SMALL BUSINESSES RECEIVED RECOVERY GRANTS AND 57% OF THE FUNDS WENT TO BUSINESSES OWNED BY PEOPLE OF COLOR. (CONTINUED ON SCHEDULE O)

    Expenses $16,475,221 · Grants $15,766,746

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Betancourt

    CHAIRMAN

    Total calculated
    $221,485
    From this org
    $215,500
    From related orgs
    $0
    Other
    $5,985
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $199,500
    Bonus
    $16,000
    Other
    not reported
    Deferred
    $5,985
    Nontaxable benefits
    not reported
    Filer's total
    $221,485

  • Varsovia Fernandez

    CEO

    Total calculated
    $221,485
    From this org
    $215,500
    From related orgs
    $0
    Other
    $5,985
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $199,500
    Bonus
    $16,000
    Other
    not reported
    Deferred
    $5,985
    Nontaxable benefits
    not reported
    Filer's total
    $221,485

  • Chris Hudock 62025

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ian Lawrence 72024

    ASST. SECRET

    Total calculated
    $0
    Hours/week
    1

  • Leslie Benoliel

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • James Burnett

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Michele Clapper

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David Kahley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Masterson

    SECOND VICE

    Total calculated
    $0
    Hours/week
    1

  • Evelyn Smalls

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.0
Source object
202601359349317255

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