Skip to content
Nonprofiteer
← PENNSYLVANIA MICROENTERPRISE COALITION

Form 990 for tax year 2023

Filed by PENNSYLVANIA MICROENTERPRISE COALITION.

What the amendment changed

Compared with the return it replaced , filed 15 May 2025. matched by us Only the Part I totals and the names listed in Part VII 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.

Listed under a different title

  • Mark Masterson: FIRST VICE C then SECOND VICE

Totals

Total revenue
$18,368,769
Total expenses
$17,800,737
Contributions and grants received
$18,205,141
Grants paid
$16,626,469
Program service revenue
$0
Investment income
$163,628
Other revenue
$0
Total assets, end of year
$4,170,892
Total liabilities, end of year
$2,642,929
Net assets or fund balances, end of year
$1,527,963
Program services expenses (Part IX)
$17,445,252
Management and general expenses
$355,485
Fundraising expenses
$0
Program service expenses (Part III)
$17,445,252

Program services were 98.0% 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.

  • 1b · Membership dues

    $97,000

  • 1e · Government grants (contributions)

    $17,669,141

  • 1f · All other contributions, gifts and grants

    $439,000

  • 3 · Investment income

    total $163,628 · excluded $163,628

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,062,189 · program services $15,062,189

  • 2 · Grants to domestic individuals

    total $1,564,280 · program services $1,564,280

  • 5 · Compensation of officers, directors and key employees

    total $247,771 · program services $141,203 · management and general $106,568

  • 7 · Other salaries and wages

    total $118,318 · program services $108,679 · management and general $9,639

  • 8 · Pension plan contributions

    total $5,011 · management and general $5,011

  • 9 · Other employee benefits

    total $10,536 · program services $10,536

  • 10 · Payroll taxes

    total $25,585 · program services $5,374 · management and general $20,211

  • 11b · Fees: legal

    total $1,415 · management and general $1,415

  • 11c · Fees: accounting

    total $39,629 · management and general $39,629

  • 11g · Fees: other

    total $657,236 · program services $539,178 · management and general $118,058

  • 13 · Office expenses

    total $1,485 · program services $34 · management and general $1,451

  • 16 · Occupancy

    total $29,790 · management and general $29,790

  • 17 · Travel

    total $16,111 · program services $2,425 · management and general $13,686

  • 23 · Insurance

    total $12,828 · program services $9,797 · management and general $3,031

  • 24a · Other expenses: ASSOCIATION DUES/SUBSCRIP

    total $2,836 · management and general $2,836

  • 24b · Other expenses: CONTRIBUTIONS

    total $2,750 · management and general $2,750

  • 24c · Other expenses: TRAINING AND DEVELOPMENT

    total $2,375 · program services $1,375 · management and general $1,000

  • 24d · Other expenses: BANK FEES

    total $592 · program services $182 · management and general $410

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,241,203 · end of year $4,126,654

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,502 · end of year $1,644

  • 15 · Other assets

    beginning of year $38,223 · end of year $42,594

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,085 · end of year $3,158

  • 19 · Deferred revenue

    beginning of year $308,912 · end of year $2,639,771

  • 27 · Net assets without donor restrictions

    beginning of year $429,573 · end of year $1,421,309

  • 28 · Net assets with donor restrictions

    beginning of year $530,358 · end of year $106,654

Mission and programs · 2023

Mission

THE PA CDFI NETWORK IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES OF PROVIDING INFORMATION, ADVICE AND NECESSARY FINANCIAL ASSISTANCE TO FEDERALLY-CERTIFIED (CONTINUED ON SCHEDULE O)

  • THE PA CDFI NETWORK COLLABORATES ON REGIONAL AND STATEWIDE INITIATIVES TO SUPPORT SMALL BUSINESSES. IT HAS THE CAPACITY TO ENGAGE WITH LARGE-SCALE FUNDERS, ALLOWING FOR THE DEPLOYMENT OF MORE RESOURCES TO A WIDER RANGE OF BUSINESS OWNERS THAN ANY ONE CDFI CAN SERVE. IN 2020-2021, THE NETWORK OBTAINED 249 MILLION FROM CARES ACT RESOURCES TO MANAGE STATE AND COUNTY-BASED PROGRAMS AND DELIVERED THE KEEP YOUR DOORS OPEN PROGRAM. AS A RESULT, 14,500 SMALL BUSINESSES RECEIVED RECOVERY GRANTS AND 57% OF THE FUNDS WENT TO BUSINESSES OWNED BY PEOPLE OF COLOR. (CONTINUED ON SCHEDULE O)

    Expenses $17,445,252 · Grants $16,626,469

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Varsovia Fernandez

    CEO

    Total calculated
    $222,227
    From this org
    $206,800
    From related orgs
    $0
    Other
    $15,427
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $190,000
    Bonus
    $16,800
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $15,427
    Filer's total
    $222,227

  • Leslie Benoliel

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Betancourt

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • James Burnett

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Michele Clapper

    ASSISTANT SE

    Total calculated
    $0
    Hours/week
    1

  • Chris Hudock

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David Kahley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Masterson

    SECOND VICE

    Total calculated
    $0
    Hours/week
    1

  • Reco Owens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Evelyn Smalls

    DIRECTOR

    Total calculated
    $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. 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
9 June 2025
IRS schema version
2023v6.0
Source object
202521609349300967

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.