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EIN 84-4371176

McLennan Community Investment Fund

IRS 501(c) type
501(c)(3)
Num. employees
4
City
Waco
State
Texas
Year formed
2020
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
McCIF finances small businesses in economically disadvantaged areas of McLennan County to promote economic development, applying for CDFI certification.
Total revenues
$289,788
2022
Total expenses
$159,601
2022
Total assets
$474,177
2022
Num. employees
4
2022

Program areas at McLennan Community Investment Fund

McLennan Community Investment Fund (McCIF) is a financing entity that has applied to the Community Development Financial Institutions Fund of the U.S. Treasury Department for certification as a Community Development Financial Institution for the purpose of providing loans to small business owners who have not had access to capital provided by traditional financial institutions such as banks, savings and loans, and credit unions. Utilizing funds provided by CDFI Fund and local sources, McCIF began its loan program in November of 2020 and continued throughout 2021. The loan program is McCIF's only program activity.

Who funds McLennan Community Investment Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Waco FoundationOperating Support$18,000
AmazonSmile FoundationGeneral Support$5

Personnel at McLennan Community Investment Fund

NameTitleCompensation
Christopher A GonzalesFormer Executive Director and Loan Officer$42,194
Jane P AllenExecutive Director$29,000
Eduardo Vazquez ServesLoan Program Director
Ilda SabidoAssistant Program Manager$37,660
William VanceTreasurer$0

Financials for McLennan Community Investment Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$280,840
Program services$1,097
Investment income and dividends$7,851
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$289,788

Form 990s for McLennan Community Investment Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-10990View PDF
2021-122022-03-17990View PDF
2020-122021-05-21990View PDF
Data update history
August 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 15, 2023
Updated personnel
Identified 4 new personnel
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 3 new personnel
June 25, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
605 Austin Ave Ste 3
Waco, TX 76701
Metro area
Waco, TX
County
McLennan County, TX
Website URL
mccif.org/en/ 
Phone
(254) 722-1635
IRS details
EIN
84-4371176
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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