Form 990 for tax year 2023
Filed by REVOLUTIONARY ECONOMY FOR ALL LOCAL PEOPLES FUND.
Totals
- Total revenue
- $115,867
- Total expenses
- $426,029
- Contributions and grants received
- $96,477
- Grants paid
- $55,000
- Program service revenue
- $0
- Investment income
- $18,390
- Other revenue
- $1,000
- Total assets, end of year
- $4,512,804
- Total liabilities, end of year
- $3,894,437
- Net assets or fund balances, end of year
- $618,367
- Program services expenses (Part IX)
- $318,513
- Management and general expenses
- $107,516
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $318,513
Program services were 74.8% 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.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$96,477
-
3 · Investment income
total $18,390 · excluded $18,390
-
11a · Other revenue: OTHER INCOME
total $1,000 · related or exempt $1,000
-
11e · Other revenue, total
$1,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $55,000 · program services $55,000
-
11b · Fees: legal
total $39,816 · management and general $39,816
-
11c · Fees: accounting
total $6,050 · management and general $6,050
-
11g · Fees: other
total $263,513 · program services $263,513
-
12 · Advertising and promotion
total $35,149 · management and general $35,149
-
13 · Office expenses
total $234 · management and general $234
-
17 · Travel
total $61 · management and general $61
-
19 · Conferences, conventions and meetings
total $6,462 · management and general $6,462
-
20 · Interest
total $13,812 · management and general $13,812
-
23 · Insurance
total $2,500 · management and general $2,500
-
24a · Other expenses: FEES & LICENSES
total $114 · management and general $114
-
24e · All other expenses
total $3,318 · management and general $3,318
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,483,382 · end of year $2,185,317
-
7 · Other notes and loans receivable
beginning of year $47,500 · end of year $1,102,000
-
9 · Prepaid expenses and deferred charges
beginning of year $24,167 · end of year $21,667
-
12 · Investments: other securities
beginning of year $900,000 · end of year $1,200,000
-
15 · Other assets
beginning of year $250 · end of year $3,820
-
19 · Deferred revenue
beginning of year $100,000 · end of year $100,000
-
24 · Unsecured notes and loans payable
beginning of year $2,425,075 · end of year $3,785,625
-
25 · Other liabilities
beginning of year $1,695 · end of year $8,812
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $928,529 · end of year $618,367
Mission and programs · 2023
Mission
TO SUPPORT, BENEFIT, AND/OR CARRY OUT THE CHARITABLE, SCIENTIFIC, LITERARY, RELIGIOUS, AND EDUCATIONAL ACTIVITIES OF THE SUPPORTED ORGANIZATIONS THROUGH A PROGRAM OF FINANCIAL ASSISTANCE, LOANS, EQUITY INVESTMENTS, AND OTHER SIMILAR ASSISTANCE.
Activities or mission (Part I)
TO SUPPORT, BENEFIT, AND/OR CARRY OUT THE CHARITABLE ACTIVITIES OF THE SUPPORTED ORGANIZATIONS.
-
WE OFFICIALLY LAUNCHED WITH OUR FIRST INVESTMENTS IN SUPPORT OF BIPOC ENTREPRENEURS AND SMALL BUSINESSES. TO DATE, WE HAVE MADE OR PARTICIPATED IN $1.3M IN NON-EXTRACTIVE, INTEGRATED CAPITAL INVESTMENTS (EQUITY PROFIT SHARE, LOANS, AND GRANTS); DEVELOPED A ROBUST PIPELINE OF 45 BUSINESSES; PROVIDED COMPREHENSIVE BUSINESS ADVISING TO 26 BUSINESSES; AND CREATED AN INNOVATIVE COMMUNITY ORGANIZING STRATEGY WITH BIPOC ENTREPRENEURS AND WORKER-OWNERS WHO ARE FIGHTING FOR POLICY AND SYSTEMS CHANGE. IN 2023, WE ENGAGED 125 ENTREPRENEURS AND WORKER-OWNERS IN BUILDING POLITICAL POWER AND OUR BASE CONTINUES TO GROW IN 2024.
Expenses $318,513 · Grants $55,000
As filed on the 2023 return.
Listed in Part VII
-
Tash NguyenTASH NGUYEN
CHAIR OF THE BOARD & PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Laurika Harris-KayeLAURIKA HARRIS-KAYE
CHIEF FINANCIAL OFFICER & SECRETARY
- Total calculated
- $0
- Hours/week
- 32
-
Malika AlimMALIKA ALIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Djerae LucasDJERAE LUCAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Pecolia ManigoPECOLIA MANIGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Esther GoolsbyESTHER GOOLSBY
DIRECTOR (THRU 4/14/23)
- Total calculated
- $0
- Hours/week
- 2
-
Maria MorenoMARIA MORENO
DIRECTOR (THRU 2/15/23)
- Total calculated
- $0
- Hours/week
- 2
-
Linna LinLINNA LIN
DIRECTOR (THRU 12/8/23)
- Total calculated
- $0
- Hours/week
- 2
-
Grace MartinezGRACE MARTINEZ
DIRECTOR (THRU 4/14/23)
- Total calculated
- $0
- Hours/week
- 2
-
Liz SukLIZ SUK
DIRECTOR (THRU 12/8/23)
- Total calculated
- $0
- Hours/week
- 2
-
Sabrina WuSABRINA WU
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Nina RobinsonNINA ROBINSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Rani Langer-CroagerRANI LANGER-CROAGER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Nate SchaffranNATE SCHAFFRAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Eddy Lopez JrEDDY LOPEZ JR
VICE PRESIDENT
- 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
-
REEM'S HOSPITALITY GROUP LLC
$15,000
CAPITAL GRANT
-
HELLA NUTS LLC
$10,000
CAPITAL 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.
-
REAL PEOPLE'S HOLDINGS LLC
TO SUPPORT INVESTMENT RELATED ACTIVITIES. · CA · income $0 · assets $0
Directly controlled by REVOLUTIONARY ECONOMY FOR ALL LOCAL PEOPLE'S FUND
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403199349317645
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