Totals
- Total revenue
- $1,248,442
- Total expenses
- $266,702
- Contributions and grants received
- $1,000,000
- Grants paid
- $0
- Program service revenue
- $248,442
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $13,245,201
- Total liabilities, end of year
- $12,263,461
- Net assets or fund balances, end of year
- $981,740
- Program services expenses (Part IX)
- $247,328
- Management and general expenses
- $19,374
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $247,328
Program services were 92.7% 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.
-
1d · Related organizations
$1,000,000
-
2a · Program service revenue: LOAN INCOME
total $248,442 · related or exempt $248,442
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $13,374 · management and general $13,374
-
11c · Fees: accounting
total $6,000 · management and general $6,000
-
20 · Interest
total $247,179 · program services $247,179
-
24a · Other expenses: BANK FEES
total $149 · program services $149
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $1,039,968
-
4 · Accounts receivable
end of year $43,233
-
7 · Other notes and loans receivable
end of year $12,162,000
-
17 · Accounts payable and accrued expenses
end of year $100,461
-
23 · Secured mortgages and notes payable
end of year $12,163,000
-
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 $0 · end of year $981,740
Mission and programs · 2024
Mission
EFF COMMUNITY VENTURES, INC SUPPORTS PUBLIC CHARTER SCHOOLS AND THE COMMUNITIES THEY SERVE, ESPECIALLY SCHOOLS IN ECONOMICALLY DISTRESSED AREAS SERVING LOW- AND MIDDLE-INCOME FAMILIES AND PEOPLE OF COLOR, AND LESSENING THE BURDENS OF GOVERNMENT THROUGH LOANS AND GRANTS, ESPECIALLY IN ECONOMICALLY DISTRESSED AREAS.
-
EFF COMMUNITY VENTURES, INC. LEVERAGES DONATIONS AND OTHER PHILANTHROPIC FUNDING RECEIVED WITH LOW-COST DEBT IT OBTAINS TO PROVIDE FUNDING TO CHARTER SCHOOLS FOR PURCHASES OR UPGRADES TO FACILITIES AT RATES AND TERMS MORE FAVORABLE THAN AVAILABLE IN THE CORPORATE LENDING AND BANKING MARKETS. THE DESIGN, IMPLEMENTATION, STRUCTURING, AND MAINTENANCE OF THIS NEW SOURCE OF CAPITAL FOR CHARTER SCHOOL FACILITIES LEADS TO IMPROVED PUBLIC EDUCATION FOR CHILDREN.
Expenses $247,328 · Revenue $248,442
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Anand KesavanANAND KESAVAN
SECRETARY
- Total calculated
- $613,477
- From this org
- $0
- From related orgs
- $596,680
- Other
- $16,797
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $595,833 related
- Bonus
- $0
- Other
- $0 + $847 related
- Deferred
- $0 + $8,753 related
- Nontaxable benefits
- $0 + $8,044 related
- Filer's total
- $0 + $613,477 related
-
Buddy PhilpotBUDDY PHILPOT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 39 related
-
Aarthi SowrirajanAARTHI SOWRIRAJAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 39 related
-
Michelle GetzovMICHELLE GETZOV
ASSISTANT SECRETARY
- Total calculated
- $298,604
- From this org
- $0
- From related orgs
- $275,875
- Other
- $22,729
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $269,375 related
- Bonus
- $0
- Other
- $0 + $6,500 related
- Deferred
- $0 + $15,375 related
- Nontaxable benefits
- $0 + $7,354 related
- Filer's total
- $0 + $298,604 related
-
Jon McIntoshJON MCINTOSH
CHIEF OF STAFF
- Total calculated
- $243,452
- From this org
- $0
- From related orgs
- $225,723
- Other
- $17,729
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $200,000 related
- Bonus
- $0
- Other
- $0 + $25,723 related
- Deferred
- $0 + $14,730 related
- Nontaxable benefits
- $0 + $2,999 related
- Filer's total
- $0 + $243,452 related
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349308727
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