- Revenue 2024
- $16,334,961
- Expenses 2024
- $14,592,936
Program services were 73.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- S30
- Classification
- 1000
- Street
- 9 E 40TH ST FL 9
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
TRUFUND'S (TFS) MISSION IS TO PROMOTE AND FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES AND AMONG DISADVANTAGED POPULATIONS. FOR MORE INFORMATION, SEE SCHEDULE O.
Activities or mission (Part I)
PROVIDE FINANCING AND TECHNICAL ASSISTANCE TO SMALL BUSINESSES AND NON-PROFIT ORGANIZATIONS.
-
SMALL BUSINESS LENDING - A PRINCIPAL COMPONENT OF TRUFUND'S MISSION IS TO SERVE MINORITY AND WOMEN OWNED BUSINESS ENTERPRISES AND SMALL BUSINESSES LOCATED WITHIN A LOW-OR MODERATE-INCOME COMMUNITY, AS THEY REPRESENT HISTORICALLY ECONOMICALLY DISADVANTAGED POPULATIONS AND THOSE TRADITIONALLY DISCONNECTED FROM MAINSTREAM FINANCIAL INSTITUTIONS. FOR MORE INFORMATION - SEE SCHEDULE O.
Expenses $10,687,259 · Revenue $4,015,171
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.
-
KIMBERLY HARDY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
WORLEY BARKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
HEIDI HAMILTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CHERI MORIAL AUSBERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CARRA WALLACE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RONALD TOROK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
GEORGE BUCHANAN III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MONICA BURCH
BOARD MEMBER - JOINED DEC 2024
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
B SETH BRYANT
BOARD MEMBER - JOINED SEPT 2024
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JONNEL DORRIS
BOARD MEMBER - JOINED SEPT 2024
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DR ADRIAN FRANCO
BOARD MEMBER - LEFT FEBRUARY 2024
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CARMEN MANOYAN
BOARD MEMBER - LEFT JULY 2024
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
TERRENCE CLARK
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CHARLOTTE LEE
CHAIRPERSON - LEFT JULY 2024
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
WENDI BOYEN
SECRETARY - JOINED JUNE 2024
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CELAYNE HILL
SECRETARY - LEFT JULY 2024
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARC THOMPSON JR
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JAMES BASON
PRESIDENT - CHIEF EXECUTIVE OFFICER
- Total calculated
- $414,353
- From this org
- $413,686
- From related orgs
- $0
- Other
- $667
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $288,334
- Bonus
- $120,000
- Other
- $5,352
- Deferred
- $0
- Nontaxable benefits
- $667
- Filer's total
- $414,353
-
SETH MANOFF
SVP - DIR OF STRUCT LENDING & INVST
- Total calculated
- $213,850
- From this org
- $203,342
- From related orgs
- $0
- Other
- $10,508
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $174,992
- Bonus
- $28,000
- Other
- $350
- Deferred
- $0
- Nontaxable benefits
- $10,508
- Filer's total
- $213,850
-
KENNETH HARVEY
SVP - INTERIM CFO - THROUGH NOV 2024
- Total calculated
- $158,417
- From this org
- $158,205
- From related orgs
- $0
- Other
- $212
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $134,975
- Bonus
- $21,000
- Other
- $2,230
- Deferred
- $0
- Nontaxable benefits
- $212
- Filer's total
- $158,417
-
CHARLES FOSTER
SVP- CFO - LEFT MAY 2024
- Total calculated
- $101,833
- From this org
- $96,455
- From related orgs
- $0
- Other
- $5,378
- Hours/week
- 35 + 1 related
-
STEPHANIE KABORE TURQUIN
SVP - CFO - JOINED NOV 2024
- Total calculated
- $21,901
- From this org
- $21,819
- From related orgs
- $0
- Other
- $82
- Hours/week
- 35 + 1 related
-
DOMONICA L EDWARDS
SENIOR VICE PRESIDENT
- Total calculated
- $222,260
- From this org
- $220,310
- From related orgs
- $0
- Other
- $1,950
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $188,599
- Bonus
- $30,000
- Other
- $1,711
- Deferred
- $0
- Nontaxable benefits
- $1,950
- Filer's total
- $222,260
-
MICHAEL VAUGH
SVP - CHIEF CREDIT OFFICER
- Total calculated
- $218,948
- From this org
- $216,998
- From related orgs
- $0
- Other
- $1,950
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $188,600
- Bonus
- $28,000
- Other
- $398
- Deferred
- $0
- Nontaxable benefits
- $1,950
- Filer's total
- $218,948
-
AKIMIE CARTER EVANS
SVP - MANAGING DIRECTOR NAT'L MARKET
- Total calculated
- $208,809
- From this org
- $198,301
- From related orgs
- $0
- Other
- $10,508
- Hours/week
- 35 + 1 related
Schedule J breakdown matched by us
- Base
- $169,742
- Bonus
- $28,000
- Other
- $559
- Deferred
- $0
- Nontaxable benefits
- $10,508
- Filer's total
- $208,809
The first 25 listed. 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
- $16,334,961
- Expenses
- $14,592,936
- Contributions
- $11,928,056
- Grants paid
- $0
-
2023
- Revenue
- $12,004,522
- Expenses
- $10,579,239
- Contributions
- $8,000,690
- Grants paid
- $0
-
2022
- Revenue
- $16,024,804
- Expenses
- $9,625,966
- Contributions
- $13,863,709
- Grants paid
- $121,908
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
-
2019 · 990
- Revenue
- $2,317,905
- Expenses
- $5,007,275
- Assets (EOY)
- $14,181,328
-
2018 · 990
- Revenue
- $5,035,334
- Expenses
- $6,055,777
- Assets (EOY)
- $14,368,346
-
2017 · 990
- Revenue
- $4,480,257
- Expenses
- $5,458,253
- Assets (EOY)
- $13,642,225
-
2016 · 990
- Revenue
- $1,466,940
- Expenses
- $4,009,969
- Assets (EOY)
- $8,649,788
-
2015 · 990
- Revenue
- $10,663,350
- Expenses
- $5,596,417
- Assets (EOY)
- $12,190,636
-
2014 · 990
- Revenue
- $4,474,640
- Expenses
- $5,467,065
- Assets (EOY)
- $44,613,073
-
2012 · 990
- Revenue
- not reported
- Expenses
- $13,013,315
- Assets (EOY)
- $51,863,474
-
2011 · 990
- Revenue
- not reported
- Expenses
- $14,007,597
- Assets (EOY)
- $65,357,066
-
2010 · 990
- Revenue
- not reported
- Expenses
- $9,590,901
- Assets (EOY)
- $58,211,671
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
No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.
Grants received
-
$10,000,000
2024 PUBLIC, SOCIETAL BENEFIT
-
$250,000
2024 OPERATING GRANT
-
$100,000
2022 OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
-
$60,000
2022 DEVELOPMENT
-
$60,000
2023 DEVELOPMENT
-
CHARITIES AID FOUNDATION AMERICA
$25,000
2024 CHARITABLE DONATION
-
COMMUNITY REINVESTMENT FUND INC
$18,750
2022 OPERATING SUPPORT
-
COMMUNITY REINVESTMENT FUND INC
$18,750
2023 OPERATING SUPPORT
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.
Disregarded entities on its 2024 return
-
TRU-CAPITAL INVESTMENT FUND LLC
FINANCING · DE · income $343,634 · assets $1,898,633
-
TRU-CAPITAL INVESTMENT FUND II LLC
FINANCING · DE · income $53,001 · assets $490,606
-
NY EMERGING DEVELOPERS EQUITY FUND LLC
FINANCING · DE · income $0 · assets $0
Related partnerships on its 2024 return
-
EMPOWERMENT REINVESTMENT FUND LLC
RELATED · FINANCING · NY · 99% owned · share of income $724,012 · share of assets $5,469,297 · general or managing partner
Related corporations and trusts on its 2024 return
-
C · FINANCING · NY · 100% owned · share of income $7,313 · share of assets $63,245 · 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.