Totals
- Total revenue
- $631,808
- Total expenses
- $213,492
- Contributions and grants received
- $628,407
- Grants paid
- $0
- Program service revenue
- $3,205
- Investment income
- $191
- Other revenue
- $5
- Total assets, end of year
- $763,558
- Total liabilities, end of year
- $218,864
- Net assets or fund balances, end of year
- $544,694
- Program services expenses (Part IX)
- $140,866
- Management and general expenses
- $43,553
- Fundraising expenses
- $29,073
- Program service expenses (Part III)
- $140,866
Program services were 66.0% 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)
$150,000
-
1f · All other contributions, gifts and grants
$478,407
-
2a · Program service revenue: LOAN ORIGINATION FEES
total $1,437 · related or exempt $1,437
-
2b · Program service revenue: LOAN INREREST
total $968 · related or exempt $968
-
2c · Program service revenue: CONSULTING INCOME
total $800 · related or exempt $800
-
3 · Investment income
total $191 · excluded $191
-
11a · Other revenue: MISCELLANEOUS
total $5 · related or exempt $5
-
11e · Other revenue, total
$5
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $100,000 · program services $50,000 · management and general $30,000 · fundraising $20,000
-
9 · Other employee benefits
total $2,705 · program services $1,353 · management and general $811 · fundraising $541
-
10 · Payroll taxes
total $7,497 · program services $3,749 · management and general $2,249 · fundraising $1,499
-
11b · Fees: legal
total $412 · management and general $412
-
11c · Fees: accounting
total $4,029 · management and general $4,029
-
11g · Fees: other
total $51,056 · program services $47,681 · fundraising $3,375
-
12 · Advertising and promotion
total $26,316 · program services $26,316
-
13 · Office expenses
total $12,001 · program services $6,000 · management and general $3,600 · fundraising $2,401
-
19 · Conferences, conventions and meetings
total $4,662 · program services $4,662
-
20 · Interest
total $834 · program services $834
-
23 · Insurance
total $2,045 · management and general $2,045
-
24a · Other expenses: PAYMENT PROCESSING FEES
total $1,257 · fundraising $1,257
-
24b · Other expenses: BOARD EXPENSES
total $207 · management and general $207
-
24c · Other expenses: VA CDFI COALITION
total $200 · program services $200
-
24d · Other expenses: TAXES AND FEES
total $200 · management and general $200
-
24e · All other expenses
total $71 · program services $71
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $26,378 · end of year $447,339
-
2 · Savings and temporary cash investments
end of year $103,273
-
3 · Pledges and grants receivable
end of year $40,000
-
4 · Accounts receivable
end of year $15,000
-
7 · Other notes and loans receivable
end of year $145,773
-
9 · Prepaid expenses and deferred charges
end of year $11,673
-
15 · Other assets
beginning of year $200,000 · end of year $500
-
17 · Accounts payable and accrued expenses
end of year $11,167
-
22 · Loans and payables to officers and key people
end of year $100,000
-
24 · Unsecured notes and loans payable
beginning of year $100,000 · end of year $100,834
-
25 · Other liabilities
beginning of year $0 · end of year $6,863
-
27 · Net assets without donor restrictions
beginning of year $126,378 · end of year $444,694
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $100,000
Mission and programs · 2022
Mission
TO SUPPORT LARGELY MINORITY-OWNED SMALL BUSINESSES IN VIRGINIA BY PROVIDING ACCESS TO AFFORDABLE LOAN CAPITAL AND FINANCIAL SERVICES.
-
TO PROVIDE ACCESS TO AFFORDABLE LOAN CAPITAL AND FINANCIAL SERVICES.
Expenses $140,866
As filed on the 2022 return.
Listed in Part VII
-
Harrison RodayHARRISON RODAY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Marland BucknerMARLAND BUCKNER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Leesa ChristianLEESA CHRISTIAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Leah FremouwLEAH FREMOUW
DIRECTOR
- Total calculated
- $98,000
- From this org
- $98,000
- From related orgs
- $0
- Other
- $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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331169349301728
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.