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Nonprofiteer
← GREAT RIVERS COMMUNITY TR

Form 990 for tax year 2023

Filed by GREAT RIVERS COMMUNITY TR.

Totals

Total revenue
$9,521,573
Total expenses
$4,634,135
Contributions and grants received
$7,490,019
Grants paid
$2,208,198
Program service revenue
$514,909
Investment income
$1,516,645
Other revenue
$0
Total assets, end of year
$37,516,587
Total liabilities, end of year
$29,561,862
Net assets or fund balances, end of year
$7,954,725
Program services expenses (Part IX)
$4,476,681
Management and general expenses
$119,451
Fundraising expenses
$38,003
Program service expenses (Part III)
$4,476,681

Program services were 96.6% 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.

  • 1f · All other contributions, gifts and grants

    $7,490,019

  • 2a · Program service revenue: FEE INCOME

    total $514,909 · related or exempt $514,909

  • 3 · Investment income

    total $1,516,645 · related or exempt $926,297 · excluded $590,348

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,208,198 · program services $2,208,198

  • 11b · Fees: legal

    total $127,819 · program services $49,017 · management and general $78,802

  • 11g · Fees: other

    total $1,623,512 · program services $1,556,744 · management and general $33,384 · fundraising $33,384

  • 12 · Advertising and promotion

    total $89,552 · program services $89,552

  • 13 · Office expenses

    total $13,542 · program services $11,301 · management and general $2,241

  • 14 · Information technology

    total $163,827 · program services $155,635 · management and general $4,096 · fundraising $4,096

  • 17 · Travel

    total $14,407 · program services $14,407

  • 19 · Conferences, conventions and meetings

    total $11,558 · program services $11,558

  • 20 · Interest

    total $321,612 · program services $321,612

  • 21 · Payments to affiliates

    total $36,000 · program services $36,000

  • 23 · Insurance

    total $22,488 · program services $21,442 · management and general $523 · fundraising $523

  • 24a · Other expenses: TAXES & LICENSES

    total $1,620 · program services $1,215 · management and general $405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,093,781 · end of year $30,624,268

  • 2 · Savings and temporary cash investments

    beginning of year $343,244 · end of year $103,145

  • 4 · Accounts receivable

    beginning of year $1,491,155 · end of year $1,339,227

  • 7 · Other notes and loans receivable

    beginning of year $8,792,751 · end of year $5,237,554

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,970 · end of year $140,064

  • 15 · Other assets

    beginning of year $181,567 · end of year $72,329

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,022,296 · end of year $1,361,862

  • 24 · Unsecured notes and loans payable

    beginning of year $13,900,000 · end of year $28,200,000

  • 27 · Net assets without donor restrictions

    beginning of year $5,814,482 · end of year $7,809,725

  • 28 · Net assets with donor restrictions

    beginning of year $255,690 · end of year $145,000

Mission and programs · 2023

Mission

TO SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) THROUGH THE CREATION AND ONGOING DEVELOPMENT OF A SECONDARY MARKET FOR CDFI SMALL BUSINESS LOANS. TO EXERCISE ANY, ALL AND EVERY LAWFUL POWER OF A NONPROFIT CORPORATION ORGANIZED UNDER MISSOURI LAW; PROVIDED, HOWEVER, THAT NOTHING HEREIN SHALL BE CONSTRUED TO GIVE THE CORPORATION ANY PURPOSE THAT IS NOT PERMITTED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).

  • GRCT PROVIDES TECHNICAL ASSISTANCE AND CAPITAL TO NONPROFIT CDFIS TO HELP THEM ORIGINATE MORE SMALL BUSINESS LOANS UNDER $50,000 IN SIZE TO BORROWERS WHO LACK ACCESS TO TRADITIONAL BANK LOANS, PARTICULARLY ENTREPRENEURS OF COLOR AND WOMEN ENTREPRENEURS IN LOW-TO-MODERATE INCOME CENSUS TRACTS AND WITH UNDER $1 MILLION OF GROSS ANNUAL REVENUE.

    Expenses $4,476,681 · Grants $2,208,198 · Revenue $1,440,206

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

Listed in Part VII

  • JOYCE KLEIN

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • ANDREA LEVERE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • ROBERT VILLARREAL

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • ALBERTO PARACCHINI

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ANDY KAUFMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • AMBER KUCHAR-BELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • FRANCISCO LOPEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SARA RAZAVI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BERNARD WORTHY

    BOARD MEMBER

    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

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

Related partnerships

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

  • EBA FUND 2021 LLC

    RELATED · COMMUNITY LENDING · NC · 51% owned · share of income $1,000 · share of assets $1,000,000

    Directly controlled by EBA FUND

Provenance

Return type
form_990
Tax year
2023
Filed
13 February 2025
IRS schema version
2023v6.0
Source object
202510469349300401

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