What the amendment changed
Compared with the return it replaced , filed 28 October 2023 — the latest of 2 it replaced. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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.
- Total revenue
- $14,808,996 changed to $34,727,565
- Total expenses
- $21,067,658 changed to $37,635,582
- Contributions and grants received
- $13,996,171 changed to $28,358,806
- Grants paid
- $0 changed to $5,000
- Program service revenue
- $0 changed to $1,112,794
- Investment income
- $763,172 changed to $4,083,220
- Other revenue
- $49,653 changed to $1,172,745
- Total assets, end of year
- $253,233,825 changed to $238,841,357
- Total liabilities, end of year
- $219,746,998 changed to $208,098,900
- Net assets or fund balances, end of year
- $33,486,827 changed to $30,742,457
- Program services expenses
- $15,278,335 changed to $29,453,041
- Management and general expenses
- $4,381,431 changed to $5,668,479
- Fundraising expenses
- $1,407,892 changed to $2,514,062
- Program service expenses (Part III)
- $15,278,335 changed to $29,453,041
Listed only on the earlier return
- Annete PromesANNETE PROMES
- Matthew DavieMATTHEW DAVIE
Listed only on the later return
- Anna TitulaerANNA TITULAER
- Annette PromesANNETTE PROMES
- Bryan PonBRYAN PON
- Celia WongCELIA WONG
- Kathleen GuisKATHLEEN GUIS
- Kristina S SchwartzKRISTINA S SCHWARTZ
- Martha SiemersMARTHA SIEMERS
- Mathew FlamingMATHEW FLAMING
- Nathan GeorgeNATHAN GEORGE
- Pradeep RagothamanPRADEEP RAGOTHAMAN
- Vishal GhotgeVISHAL GHOTGE
Listed under a different title
- Andre HaddadANDRE HADDAD: DIRECTOR then BOARD OF DIRECTOR
- Christopher TsakalakisCHRISTOPHER TSAKALAKIS: CHIEF EXECUTIVE OFFICER then CEO
- Donald CarterDONALD CARTER: EXECUTIVE VP, PEOPLE & PLACES then EXEC. VP, PEOPLE & PLACES
- Jason EylerJASON EYLER: CHIEF PRODUCT OFFICER then FORMER EXECUTIVE VICE PRESIDENT, MARKETPLACE
- John MullerJOHN MULLER: DIRECTOR then BOARD OF DIRECTOR
- Julie Hanna FarrisJULIE HANNA FARRIS: DIRECTOR then BOARD OF DIRECTOR
- Maya ChorengelMAYA CHORENGEL: DIRECTOR then BOARD OF DIRECTOR
- Reid HoffmanREID HOFFMAN: DIRECTOR then BOARD OF DIRECTOR
- Sarah Marchal MurraySARAH MARCHAL MURRAY: CHIEF OFFICER, STRATEGIC P then CHIEF OFFICER, STRATEGIC PARTNERSHIPS
- Silvija MartincevicSILVIJA MARTINCEVIC: DIRECTOR then BOARD OF DIRECTOR
Totals
- Total revenue
- $34,727,565
- Total expenses
- $37,635,582
- Contributions and grants received
- $28,358,806
- Grants paid
- $5,000
- Program service revenue
- $1,112,794
- Investment income
- $4,083,220
- Other revenue
- $1,172,745
- Total assets, end of year
- $238,841,357
- Total liabilities, end of year
- $208,098,900
- Net assets or fund balances, end of year
- $30,742,457
- Program services expenses (Part IX)
- $29,453,041
- Management and general expenses
- $5,668,479
- Fundraising expenses
- $2,514,062
- Program service expenses (Part III)
- $29,453,041
Program services were 78.3% 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
$28,358,806
-
1g · Noncash contributions included above
$25,386
-
2a · Program service revenue: CONTRACT SERVICES - INVEST FOR WO
total $1,014,981 · related or exempt $1,014,981
-
2b · Program service revenue: MANAGEMENT FEE REVENUE
total $97,320 · related or exempt $97,320
-
2c · Program service revenue: PHILANTHROPIC FEE FOR SERVICE
total $493 · related or exempt $493
-
3 · Investment income
total $4,083,220 · excluded $4,083,220
-
11a · Other revenue: CURRENCY GAIN
total $1,144,904 · related or exempt $1,144,904
-
11b · Other revenue: MISCELLANEOUS REVENUE
total $27,841 · related or exempt $27,841
-
11e · Other revenue, total
$1,172,745
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,000 · program services $5,000
-
5 · Compensation of officers, directors and key employees
total $2,899,440 · program services $2,225,199 · management and general $333,556 · fundraising $340,685
-
7 · Other salaries and wages
total $11,364,462 · program services $8,721,753 · management and general $1,307,383 · fundraising $1,335,326
-
8 · Pension plan contributions
total $290,739 · program services $223,130 · management and general $33,447 · fundraising $34,162
-
9 · Other employee benefits
total $1,842,300 · program services $1,509,036 · management and general $175,953 · fundraising $157,311
-
10 · Payroll taxes
total $1,493,554 · program services $1,227,634 · management and general $134,191 · fundraising $131,729
-
11b · Fees: legal
total $152,484 · program services $90,201 · management and general $62,283
-
11c · Fees: accounting
total $352,285 · program services $77,390 · management and general $274,895
-
11g · Fees: other
total $694,741 · program services $310,233 · management and general $379,093 · fundraising $5,415
-
12 · Advertising and promotion
total $862,519 · program services $291,940 · management and general $570,579
-
13 · Office expenses
total $109,696 · program services $59,521 · management and general $42,486 · fundraising $7,689
-
14 · Information technology
total $2,466,708 · program services $1,735,671 · management and general $615,255 · fundraising $115,782
-
16 · Occupancy
total $828,928 · program services $534,786 · management and general $240,386 · fundraising $53,756
-
17 · Travel
total $460,492 · program services $239,381 · management and general $210,534 · fundraising $10,577
-
20 · Interest
total $909,675 · program services $909,675
-
22 · Depreciation, depletion and amortization
total $2,918,062 · program services $2,346,997 · management and general $293,058 · fundraising $278,007
-
23 · Insurance
total $294,834 · program services $63,900 · management and general $224,455 · fundraising $6,479
-
24a · Other expenses: CRF OPERATING EXPENSES
total $4,217,833 · program services $4,217,833 · management and general $0 · fundraising $0
-
24b · Other expenses: CONTRACTORS
total $3,787,701 · program services $3,205,650 · management and general $562,614 · fundraising $19,437
-
24c · Other expenses: BAD DEBT EXPENSE
total $850,478 · program services $850,478 · management and general $0 · fundraising $0
-
24d · Other expenses: DISTRIBUTIONS
total $457,665 · program services $457,665 · management and general $0 · fundraising $0
-
24e · All other expenses
total $375,986 · program services $149,968 · management and general $208,311 · fundraising $17,707
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $31,226,832 · end of year $8,615,916
-
2 · Savings and temporary cash investments
beginning of year $48,522,932 · end of year $65,142,979
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $105,907,194 · end of year $101,995,569
-
7 · Other notes and loans receivable
beginning of year $62,359,089 · end of year $56,050,985
-
9 · Prepaid expenses and deferred charges
beginning of year $882,491 · end of year $487,326
-
10a · Land, buildings and equipment: cost or other basis
$32,170,634
-
10b · Land, buildings and equipment: accumulated depreciation
$27,792,036
-
10c · Land, buildings and equipment, net
beginning of year $3,733,013 · end of year $4,378,598
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $703,928
-
13 · Investments: program-related
beginning of year $268,621 · end of year $346,278
-
14 · Intangible assets
beginning of year $25,000 · end of year $25,000
-
15 · Other assets
beginning of year $308,653 · end of year $1,094,778
-
17 · Accounts payable and accrued expenses
beginning of year $5,611,987 · end of year $4,006,963
-
19 · Deferred revenue
beginning of year $378,838 · end of year $277,277
-
24 · Unsecured notes and loans payable
beginning of year $178,092,640 · end of year $167,780,699
-
25 · Other liabilities
beginning of year $35,663,533 · end of year $36,033,961
-
27 · Net assets without donor restrictions
beginning of year $16,699,412 · end of year $15,681,973
-
28 · Net assets with donor restrictions
beginning of year $16,787,415 · end of year $15,060,484
Mission and programs · 2022
Mission
KIVA IS A NON-PROFIT ORGANIZATION WITH A MISSION TO EXPAND FINANCIAL ACCESS TO HELP UNDERSERVED COMMUNITIES THRIVE BY PROVIDING AN ONLINE PLATFORM THAT FACILITATES MICROLOANS GLOBALLY; BEING A MANAGER OF IMPACT INVESTMENT FUNDS (AS AN EXEMPT REPORTING ADVISER).
Activities or mission (Part I)
KIVA IS A NON-PROFIT ORGANIZATION WITH A MISSION TO EXPAND FINANCIAL ACCESS TO HELP UNDERSERVED COMMUNITIES THRIVE BY PROVIDING AN ONLINE PLATFORM THAT FACILITATES MICROLOANS GLOBALLY; BEING A DEVELOPER OF A BLOCKCHAIN BASED DIGITAL ID PLATFORM TO PROMOTE FINANCIAL INCLUSION; BEING A MANAGER OF IMPACT INVESTMENT FUNDS (AS AN EXEMPT REPORTING ADVISER).
-
KIVA PARTNERS WITH 223 ACTIVE GLOBAL MICROFINANCE INSTITUTIONS ("MFIS") AND OTHER SOCIALLY MINDED ORGANIZATIONS AND ENTERPRISES IN SEVENTY-THREE (73) COUNTRIES. THIS NETWORK OF PARTNERSHIPS ENABLES KIVA TO CONNECT WITH BORROWERS SEEKING MICRO-LOANS. KIVA'S PARTNER ORGANIZATIONS ARE RESPONSIBLE FOR SELECTING AND VETTING THE BORROWERS AND ADMINISTRATING THE LOANS. KIVA'S ONLINE PLATFORM CONNECTS THESE BORROWERS WITH OVER 2.1 MILLION INDIVIDUALS TO DATE WHO WANT TO CONTRIBUTE LOAN FUNDS VIA THE INTERNET.KIVA ALSO FACILITATES DIRECT LOANS TO INDIVIDUALS IN THE UNITED STATES.KIVA CREATED KIVA- DAF, LLC ("KDAF") IN 2013 TO HOLD DONOR ADVISED FUND ACCOUNTS, KIVA IMPACT FUNDS LLC ("KIF") IN 2016 TO FACILITATE MICROLOANS MADE WITH CAPITAL FROM OPIC.KIVA CAPITAL MANAGEMENT WAS CREATED IN 2019 TO BE A MANAGER OF IMPACT INVESTMENT FUNDS (AS AN EXEMPT REPORTING ADVISOR), SUCH AS KIVA REFUGEE INVESTMENT FUND LLC.CALIFORNIA REBUILDING FUND LLC (CASE B-SPV LLC, CASE G-SPV) AND SMALL BUSINESS RESILIENCE FUND LLC WERE INITIATED IN 2020 TO PROVIDE SUPPORT TO SMALL BUSINESSES IMPACTED BY COVID-19 IN CALIFORNIA AND INTERNATIONAL LOCATIONS.JURNUS LLC WAS CREATED IN LATE 2020 TO HOUSE OUR BLOCKCHAIN-RELATED WORK WITH DIEM IN SUPPORT OF GLOBAL FINANCIAL INCLUSION.
Expenses $29,453,041 · Grants $5,000 · Revenue $2,285,539
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Reid HoffmanREID HOFFMAN
BOARD OF DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie Hanna FarrisJULIE HANNA FARRIS
BOARD OF DIRECTOR
- Total calculated
- $144,000
- From this org
- $0
- From related orgs
- $144,000
- Other
- $0
- Hours/week
- 10
-
John MullerJOHN MULLER
BOARD OF DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maya ChorengelMAYA CHORENGEL
BOARD OF DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andre HaddadANDRE HADDAD
BOARD OF DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Silvija MartincevicSILVIJA MARTINCEVIC
BOARD OF DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher TsakalakisCHRISTOPHER TSAKALAKIS
CEO
- Total calculated
- $437,076
- From this org
- $424,238
- From related orgs
- $0
- Other
- $12,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $424,238
- Bonus
- $0
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $10,338
- Filer's total
- $437,076
-
Vishal GhotgeVISHAL GHOTGE
CEO
- Total calculated
- $0
- Hours/week
- 40
-
Austin ChoiAUSTIN CHOI
GENERAL COUNSEL
- Total calculated
- $427,496
- From this org
- $414,658
- From related orgs
- $0
- Other
- $12,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $354,658
- Bonus
- $60,000
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $10,338
- Filer's total
- $427,496
-
Chad SterbenzCHAD STERBENZ
CHIEF INVESTMENT OFFICER
- Total calculated
- $403,180
- From this org
- $390,342
- From related orgs
- $0
- Other
- $12,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $290,342
- Bonus
- $100,000
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $10,338
- Filer's total
- $403,180
-
Donald CarterDONALD CARTER
EXEC. VP, PEOPLE & PLACES
- Total calculated
- $277,888
- From this org
- $267,550
- From related orgs
- $0
- Other
- $10,338
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $267,550
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $10,338
- Filer's total
- $277,888
-
Elizabeth RayELIZABETH RAY
CHIEF FINANCIAL OFFICER
- Total calculated
- $255,662
- From this org
- $242,824
- From related orgs
- $0
- Other
- $12,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $242,824
- Bonus
- $0
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $10,338
- Filer's total
- $255,662
-
Kathleen GuisKATHLEEN GUIS
VICE PRESIDENT, IMPACT INVESTMENTS
- Total calculated
- $213,091
- From this org
- $200,253
- From related orgs
- $0
- Other
- $12,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $185,253
- Bonus
- $15,000
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $10,338
- Filer's total
- $213,091
-
Anna TitulaerANNA TITULAER
VICE PRESIDENT, BUSINESS DEVELOPMENT
- Total calculated
- $0
- Hours/week
- 40
-
Martha SiemersMARTHA SIEMERS
VICE PRESIDENT, PRODUCT
- Total calculated
- $255,793
- From this org
- $242,955
- From related orgs
- $0
- Other
- $12,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $232,955
- Bonus
- $10,000
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $10,338
- Filer's total
- $255,793
-
Bryan PonBRYAN PON
SENIOR DIRECTOR, STRATEGY
- Total calculated
- $185,494
- From this org
- $176,102
- From related orgs
- $0
- Other
- $9,392
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $176,102
- Bonus
- $0
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $6,892
- Filer's total
- $185,494
-
Sarah Marchal MurraySARAH MARCHAL MURRAY
CHIEF OFFICER, STRATEGIC PARTNERSHIPS
- Total calculated
- $385,726
- From this org
- $372,888
- From related orgs
- $0
- Other
- $12,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $282,888
- Bonus
- $90,000
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $10,338
- Filer's total
- $385,726
-
Annette PromesANNETTE PROMES
CHIEF MARKETING OFFICER
- Total calculated
- $311,988
- From this org
- $299,150
- From related orgs
- $0
- Other
- $12,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $299,150
- Bonus
- $0
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $10,338
- Filer's total
- $311,988
-
Nathan GeorgeNATHAN GEORGE
VICE PRESIDENT OF ENGINEERING, PROTOCOL
- Total calculated
- $258,509
- From this org
- $248,171
- From related orgs
- $0
- Other
- $10,338
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,821
- Bonus
- $20,350
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $10,338
- Filer's total
- $258,509
-
Pradeep RagothamanPRADEEP RAGOTHAMAN
DIRECTOR OF DATA SCIENCE
- Total calculated
- $234,596
- From this org
- $221,758
- From related orgs
- $0
- Other
- $12,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,758
- Bonus
- $11,000
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $10,338
- Filer's total
- $234,596
-
Kristina S SchwartzKRISTINA S SCHWARTZ
ASSISTANT GENERAL COUNSEL
- Total calculated
- $228,153
- From this org
- $215,315
- From related orgs
- $0
- Other
- $12,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,015
- Bonus
- $13,300
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $10,338
- Filer's total
- $228,153
-
Celia WongCELIA WONG
MANAGING DIRECTOR, KIVA CAPITAL
- Total calculated
- $223,522
- From this org
- $210,684
- From related orgs
- $0
- Other
- $12,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,684
- Bonus
- $0
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $10,338
- Filer's total
- $223,522
-
Mathew FlamingMATHEW FLAMING
VICE PRESIDENT, ENGINEERING
- Total calculated
- $308,950
- From this org
- $302,142
- From related orgs
- $0
- Other
- $6,808
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $275,942
- Bonus
- $26,200
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $4,308
- Filer's total
- $308,950
-
Jason EylerJASON EYLER
FORMER EXECUTIVE VICE PRESIDENT, MARKETPLACE
- Total calculated
- $141,118
- From this org
- $135,172
- From related orgs
- $0
- Other
- $5,946
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $85,172
- Bonus
- $50,000
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $3,446
- Filer's total
- $141,118
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
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 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
The filer's explanations (Part III)
- PART I, LINE 4A
- CHRIS TSAKALAKIS 145,000.00 BRYAN PON 48,750.00
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.
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.
-
KIVA USER FUNDS LLC
FBO ACCOUNT HOLDER · CA · income $0 · assets $157,791,347
Directly controlled by KIVA MICROFUNDS
-
KIVA-DAF LLC
DONOR ADVISED FUND ACCOUNT · DE · income $2,398,295 · assets $9,378,592
Directly controlled by KIVA MICROFUNDS
-
KIVA IMPACT FUNDS LLC
IMPACT INVESTMENT FUND SUPPORTING REFUGEES · DE · income $0 · assets $0
Directly controlled by KIVA MICROFUNDS
-
KIVA CAPITAL MANAGEMENT LLC
IMPACT INVESTMENT FUND MANAGER · DE · income $1,170,909 · assets $949,087
Directly controlled by KIVA MICROFUNDS
-
CALIFORNIA REBUILDING FUND LLC
CALIFORNIA FUND FOR SMALL BUSINESSES (COVID-19 RESPONSE) · DE · income $1,923,246 · assets $58,164,441
Directly controlled by KIVA MICROFUNDS
-
CASE B-SPV LLC
CALIFORNIA FUND FOR SMALL BUSINESSES (COVID-19 RESPONSE) · DE · income $0 · assets $0
Directly controlled by KIVA MICROFUNDS
-
CASE G-SPV LLC
CALIFORNIA FUND FOR SMALL BUSINESSES (COVID-19 RESPONSE) · DE · income $0 · assets $0
Directly controlled by KIVA MICROFUNDS
-
JURNUS LLC
BLOCKCHAIN-RELATED WORK WITH DEIM · DE · income $0 · assets $0
Directly controlled by KIVA MICROFUNDS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349322392
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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