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REDF IMPACT INVESTING FUND

EIN 84-2301234 SAN FRANCISCO, CA

Revenue 2024
$1,797,305
Expenses 2024
$984,190

Program services were 94.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S41
Classification
1000
Street
785 MARKET STREET 1200

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

REDF IMPACT INVESTING FUND (RIIF) INVESTS IN AND PROVIDES CAPACITY BUILDING EXPERTISE TO EMPLOYMENT SOCIAL ENTERPRISES (ESES)--BUSINESSES THAT SEEK FINANCIAL RESULTS AND CREATE JOBS, STABILITY AND ECONOMIC MOBILITY FOR PEOPLE OVERCOMING THE TOUGHEST BARRIERS TO EMPLOYMENT, OFTEN INCLUDING HISTORIES OF HOMELESSNESS, INCARCERATION, SUBSTANCE USE, DOMESTIC VIOLENCE, HUMAN TRAFFICKING, OR LONG-TERM DISCONNECTION FROM WORK.

Activities or mission (Part I)

REDF IMPACT INVESTING FUND IS A NATIONAL CDFI AND CATALYTIC, IMPACT FIRST INVESTOR.

  • RIIF PROVIDES BOTH FLEXIBLE CAPITAL AND CAPACITY BUILDING EXPERTISE TO HELP EMPLOYMENT-FOCUSED BUSINESSES GROW, STRENGTHEN OPERATIONS, AND ATTRACT FOLLOW-ON INVESTMENT. IT UNDERWRITES BASED ON CASH FLOW RELIABILITY, CONTRACT-BACKED REVENUE, AND MANAGEMENT CAPACITY--PROVIDING A PRACTICAL PATH TO CAPITAL ACCESS FOR BUSINESSES THAT MAY NOT MEET TRADITIONAL CREDIT STANDARDS DUE TO LIMITED COLLATERAL, THIN CREDIT HISTORIES, OR IRREGULAR CASH FLOWS. CAPACITY BUILDING EXPERTISE IS DELIVERED IN PARTNERSHIP WITH OUR GRANTING AFFILIATE REDF, LEVERAGING MORE THAN 25 YEARS OF EXPERIENCE WORKING WITH EMPLOYMENT SOCIAL ENTERPRISES (ESES) ACROSS SECTORS AND GROWTH STAGES.RIIF EMPLOYS A COMPREHENSIVE AND DISCIPLINED RISK MANAGEMENT APPROACH TO PROTECT ITS PORTFOLIO WHILE MEETING THE CAPITAL NEEDS OF ITS BORROWERS. RIIF ACTIVELY USES COLLATERALIZATION STRATEGIES, STATE-SPONSORED GUARANTEE PROGRAMS (SUCH AS THOSE SUPPORTED BY THE STATE SMALL BUSINESS CREDIT INITIATIVE), AND LOAN PARTICIPATIONS TO SHARE AND DIVERSIFY EXPOSURE. CREDIT DECISIONS ARE GOVERNED BY A FORMAL RISK RATING SYSTEM, AND RIIF IS STEADILY BUILDING LOAN LOSS RESERVES IN LINE WITH CURRENT EXPECTED CREDIT LOSS (CECL) PRINCIPLES TO ENSURE LOSS ABSORPTION CAPACITY AND FINANCIAL POSITION STRENGTH.RIIF IS CERTIFIED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) BY THE U.S. DEPARTMENT OF THE TREASURY, A DESIGNATION THAT AFFIRMS ITS COMMITMENT TO EXPANDING ACCESS TO CAPITAL FOR SMALL AND MIDSIZE BUSINESSES OUTSIDE TRADITIONAL FINANCIAL CHANNELS. CDFI CERTIFICATION ENHANCES RIIF'S VISIBILITY AND CREDIBILITY WITH KEY CAPITAL PROVIDERS IN THE PRIVATE SECTOR, INCLUDING FINANCIAL INSTITUTIONS INCENTIVIZED BY THE COMMUNITY REINVESTMENT ACT (CRA).

    Expenses $931,181 · Grants $25,000 · Revenue $275,890

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • LEWIS BYRD

    CHAIR THROUGH 6/2024

    Total calculated
    $0
    Hours/week
    1

  • PHILLIP ESTES

    TREAS THRU 6/2024/CHAIR START 7/2024

    Total calculated
    $0
    Hours/week
    1

  • STUART DAVIDSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TERRY ING

    TREASURER START 7/2024

    Total calculated
    $0
    Hours/week
    1

  • CEDRIC D THURMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARRIE MCKELLOGG

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $312,652
    From this org
    $264,857
    From related orgs
    $0
    Other
    $47,795
    Hours/week
    24

    Schedule J breakdown matched by us

    Base
    $264,857
    Bonus
    $0
    Other
    $0
    Deferred
    $10,816
    Nontaxable benefits
    $36,979
    Filer's total
    $312,652

  • PETER LIPPMAN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $256,703
    From this org
    $224,654
    From related orgs
    $0
    Other
    $32,049
    Hours/week
    24

    Schedule J breakdown matched by us

    Base
    $224,654
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,049
    Filer's total
    $256,703

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $1,797,305
    Expenses
    $984,190
    Contributions
    $1,447,316
    Grants paid
    $25,000
  • 2023
    Revenue
    $1,644,969
    Expenses
    $657,327
    Contributions
    $1,329,404
    Grants paid
    $0
  • 2022
    Revenue
    $248,525
    Expenses
    $511,729
    Contributions
    $58,127
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $120,592
    Expenses
    $136,003
    Assets (EOY)
    $4,988,499

  • 2020 · 990

    Revenue
    $508,035
    Expenses
    $300,543
    Assets (EOY)
    $3,892,585

  • 2019 · 990

    Revenue
    $1,320,429
    Expenses
    $124,594
    Assets (EOY)
    $2,316,604

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

  • REDF

    501(c) · Venture philanthropy · CA

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2024 return

  • RIIF CAPITAL LLC

    C · HOLDING CO. FOR LLC DEVELOPING & MANAGING IMPACT FIRST PRIVATE EQUITY FUNDS · DE · 100% owned · controlled entity

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.