EIN 43-1925293

Scale Link

Name: Scale Link financials for 2024
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Zebulon

State

North Carolina

Year formed

2001

Most recent tax filings

2024-03-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

To support Community development financial institutions (cdfis) through the creation and ongoing development of a secondary market for cdfi small business loans. To exercise any, all and every lawful power of a nonprofit corporation organized under Missouri law; provided, however, that nothing herein shall be construed to give the corporation any purpose that is not permitted under internal revenue code section 501(c)(3). The corporation's mission is to promote savings, home ownership, health, education and economic development. To promote housing, savings and economic development.

Also known as...

Great Rivers Community Trust; Eba Fund

Total revenues

$9,521,573

2024

Total expenses

$4,634,135

2024

Total assets

$37,516,587

2024

Num. employees

2024

Program areas at Scale Link

Grct provides technical assistance and capital to nonprofit cdfis to help them originate more small business loans under $50,000 in size to borrowers who lack access to traditional bank loans, particularly entrepreneurs of color and women entrepreneurs in low-to-moderate income census tracts and with under $1 million of gross annual revenue.

Grants made by Scale Link

Grantee	Grant description	Grant year	Amount
Accion Opportunity Fund Community Development	General Support	2024-03	$907,139
Accessity	General Support	2024-03	$336,677
DreamSpring	General Support	2024-03	$256,138
...and 10 more grants made

Who funds Scale Link

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
The Winston-Salem Foundation	2023-12	1 Grant(s) for Varying Purposes	$250,000

Financials for Scale Link

Revenues	FYE 03/2024	FYE 03/2023	% Change
Total grants, contributions, etc.	$7,490,019	$5,065,205	47.9%
Program services	$514,909	$376,371	36.8%
Investment income and dividends	$1,516,645	$642,811	135.9%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$9,521,573	$6,084,387	56.5%

Form 990s for Scale Link

Fiscal year ending	Date received by IRS	Form	PDF link
2024-03	2025-02-15	990	View PDF
2023-03	2024-04-15	990	View PDF
2022-03	2023-01-13	990	View PDF
2021-03	2022-01-13	990	View PDF
2015-12	2017-01-03	990	View PDF
...and 6 more Form 990s

Organizations like Scale Link

Organization	Type	Location	Revenue
Washington Area Community Investment Fund	501(c)(3)	Washington, DC	$7,616,507
Dorchester Bay Neighborhood Loan Fund	501(c)(3)	Dorchester, MA	$2,680,816
New Hampshire Community Loan Fund	501(c)(3)	Concord, NH	$28,015,351
PIDC-Community Capital	501(c)(3)	Philadelphia, PA	$7,672,949
Neighborhood Impact Investment Fund	501(c)(3)	Baltimore, MD	$10,363,482
Western Reserve Community Fund	501(c)(3)	Akron, OH	$3,393,953
Finance Fund Capital Corporation	501(c)(3)	Columbus, OH	$11,763,121
True Access Capital Corporation	501(c)(3)	Wilmington, DE	$3,780,450
Coastal Enterprises (CEI)	501(c)(3)	Brunswick, ME	$22,641,314
Colorado Enterprise Fund (CEF)	501(c)(3)	Denver, CO	$18,269,112

Data update history

May 23, 2024

Posted financials

Added Form 990 for fiscal year 2023

May 20, 2024

Updated personnel

Identified 3 new personnel

December 31, 2023

Received grants

Identified 1 new grant, including a grant for $500,025 from Bill & Melinda Gates Foundation

December 29, 2023

Received grants

Identified 2 new grant, including a grant for $500,000 from Opportunity Finance Network (OFN)

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Grantmaking organizationsBusiness and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

Provides grantsPartially liquidatedTax deductible donationsNo full-time employees

General information

Address: 33 S Chesapeake Way; Zebulon, NC 27597
Metro area: Raleigh-Cary, NC
County: Wake County, NC
Phone: (812) 764-0097

IRS details

EIN: 43-1925293
Fiscal year end: March
Taxreturn type: Form 990
Year formed: 2001
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 522120: Savings Institutions
Parent/child status: Independent

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Scale Link

Program areas at Scale Link

Grants made by Scale Link

Who funds Scale Link

Financials for Scale Link

Form 990s for Scale Link

Organizations like Scale Link

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