Form 990 for tax year 2022
Filed by RSF SOCIAL INVESTMENT FUND INC.
Totals
- Total revenue
- $4,568,986
- Total expenses
- $4,368,903
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $5,147,969
- Investment income
- -$578,983
- Other revenue
- $0
- Total assets, end of year
- $142,896,589
- Total liabilities, end of year
- $131,061,730
- Net assets or fund balances, end of year
- $11,834,859
- Program services expenses (Part IX)
- $3,344,171
- Management and general expenses
- $1,024,732
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,344,171
Program services were 76.5% 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.
-
2a · Program service revenue: INT INCOME - BORROWER FUNDS
total $4,534,883 · related or exempt $3,882,115 · unrelated business $652,768
-
2b · Program service revenue: FEE INCOME
total $392,932 · related or exempt $369,054 · unrelated business $23,878
-
2c · Program service revenue: INT INCOME - RELATED ORGS
total $220,154 · related or exempt $220,154
-
3 · Investment income
total $134,912 · excluded $134,912
-
7b · Less cost or other basis and sales expenses
securities $713,895
-
7c · Gain or loss
securities -$713,895
-
7d · Net gain or loss
total -$713,895 · excluded -$713,895
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $555,817 · program services $186,281 · management and general $369,536
-
7 · Other salaries and wages
total $1,611,587 · program services $1,413,020 · management and general $198,567
-
8 · Pension plan contributions
total $9,233 · program services $8,612 · management and general $621
-
9 · Other employee benefits
total $185,279 · program services $163,524 · management and general $21,755
-
10 · Payroll taxes
total $137,887 · program services $103,415 · management and general $34,472
-
11b · Fees: legal
total $349,879 · program services $349,879
-
11c · Fees: accounting
total $145,645 · program services $21,764 · management and general $123,881
-
11g · Fees: other
total $216,261 · program services $106,021 · management and general $110,240
-
12 · Advertising and promotion
total $64,377 · program services $48,283 · management and general $16,094
-
13 · Office expenses
total $2,688 · program services $2,688
-
14 · Information technology
total $276,508 · program services $276,508
-
16 · Occupancy
total $32,584 · program services $32,584
-
17 · Travel
total $17,175 · program services $12,881 · management and general $4,294
-
19 · Conferences, conventions and meetings
total $7,884 · program services $7,884
-
20 · Interest
total $494,674 · program services $494,674
-
23 · Insurance
total $110,383 · program services $82,787 · management and general $27,596
-
24a · Other expenses: STAFF APPRECIATION
total $44,488 · program services $33,366 · management and general $11,122
-
24b · Other expenses: TAX EXPENSE
total $27,640 · management and general $27,640
-
24c · Other expenses: STATE REGISTRATION FEES
total $20,229 · management and general $20,229
-
24e · All other expenses
total $58,685 · management and general $58,685
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,816,292 · end of year $2,816,292
-
2 · Savings and temporary cash investments
beginning of year $44,292,203 · end of year $41,771,862
-
9 · Prepaid expenses and deferred charges
beginning of year $5,609 · end of year $698
-
11 · Investments: publicly traded securities
beginning of year $713,895 · end of year $0
-
13 · Investments: program-related
beginning of year $87,520,671 · end of year $89,234,746
-
15 · Other assets
beginning of year $12,106,493 · end of year $9,072,991
-
17 · Accounts payable and accrued expenses
beginning of year $3,715,565 · end of year $1,928,956
-
19 · Deferred revenue
beginning of year $110,012 · end of year $138,012
-
22 · Loans and payables to officers and key people
beginning of year $94,253 · end of year $34,167
-
24 · Unsecured notes and loans payable
beginning of year $131,900,557 · end of year $125,960,595
-
25 · Other liabilities
beginning of year $0 · end of year $3,000,000
-
27 · Net assets without donor restrictions
beginning of year $11,634,776 · end of year $11,834,859
Mission and programs · 2022
Mission
RSF SOCIAL INVESTMENT FUND, INC. WAS CREATED AS AN AFFILIATE OF RSF SOCIAL FINANCE, INC. (RSF) WHOSE PRIMARY MISSION IS TO PROVIDE LOANS TO MISSION-ALIGNED ORGANIZATIONS AND PROJECTS.
Activities or mission (Part I)
SUPPORT OF RSF SOCIAL FINANCE THROUGH MISSION-RELATED LOANS.
-
THE ORGANIZATION SUPPORTS THE CHARITABLE ACTIVITIES OF RSF THROUGH A PROGRAM OF LOANS TO MISSION-ALIGNED ORGANIZATIONS AND PROJECTS.
Expenses $3,344,171 · Revenue $5,147,969
As filed on the 2022 return.
Listed in Part VII
-
Jasper J Van BrakelJASPER J VAN BRAKEL
CEO & DIRECTOR
- Total calculated
- $415,244
- From this org
- $0
- From related orgs
- $385,289
- Other
- $29,955
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $384,939 related
- Bonus
- $0
- Other
- $0 + $350 related
- Deferred
- $0 + $2,500 related
- Nontaxable benefits
- $0 + $27,455 related
- Filer's total
- $0 + $415,244 related
-
Sylvia LeeSYLVIA LEE
VP, FINANCE & TREASURER START 2/2022
- Total calculated
- $245,257
- From this org
- $0
- From related orgs
- $205,921
- Other
- $39,336
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $205,571 related
- Bonus
- $0
- Other
- $0 + $350 related
- Deferred
- $0 + $2,500 related
- Nontaxable benefits
- $0 + $36,836 related
- Filer's total
- $0 + $245,257 related
-
Michelle BrunoMICHELLE BRUNO
VP, OPERATIONS & SECRETARY
- Total calculated
- $205,694
- From this org
- $0
- From related orgs
- $187,850
- Other
- $17,844
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $187,500 related
- Bonus
- $0
- Other
- $0 + $350 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $17,844 related
- Filer's total
- $0 + $205,694 related
-
April HinesAPRIL HINES
CFO & TREASURER THROUGH 2/2022
- Total calculated
- $60,168
- From this org
- $0
- From related orgs
- $57,098
- Other
- $3,070
- Hours/week
- 1 + 40 related
-
Ron AlstonRON ALSTON
CHAIR THROUGH 4/2022
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Lee Merkle-RaymondLEE MERKLE-RAYMOND
DIRECTOR / CHAIR START 4/2022
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Amir KirkwoodAMIR KIRKWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Konda MasonKONDA MASON
DIRECTOR START 4/2022
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Elissa SangalliELISSA SANGALLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 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
The filer's explanations (Part III)
- PART I, LINE 3
- THE CHIEF EXECUTIVE OFFICER IS COMPENSATED BY RSF SOCIAL FINANCE, A RELATED ORGANIZATION. RSF SOCIAL FINANCE UTILIZED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · INVESTING, LENDING, AND GIVING SERVICES TO IMPROVE SOCIETY AND ENVIRONMENT · NY
-
501(C)(3) · SUPPORT AND OPERATE PROGRAMS OF RSF · CA
Directly controlled by RSF SOCIAL FINANCE INC
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
RSF CAPITAL MANAGEMENT PBC
C · MANAGING FOR-PROFIT ACTIVITIES ON BEHALF OF RSF · DE · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349318379
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