Program areas at LiftFund
Liftfund provides credit and other services to small businesses that do not have access to loans from commercial sources. Under direct lending operations, Liftfund provided 804 micro and small business loans, and under the sba 504 program, 37 new loans were closed in the fiscal year ended 12/31/2023. With more than $58 million in loans outstanding as of december 31, 2023, Liftfund is regarded as one of the largest and best performing microfinance institutions in the united states. Liftfund complemented its capital with 7,137 hours of technical assistance provided to 4,969 entrepreneurs. Through its loans and services, Liftfund has helped create or retain thousands of jobs in low to moderate income areas, contributing to the economic revitalization of underserved communities.
During the year ended december 31, 2023, Liftfund worked with several cities, counties and municipalities to help distribute federal american rescue plan act (arpa) grants as a subrecipient to small businesses throughout the year in response to the covid-19 pandemic. Liftfund awarded 904 grants to various small businesses throughout the communities we serve amounting to over $17 million in business support funding.
Who funds LiftFund
Grants from foundations and other nonprofits
Personnel at LiftFund
Name | Title | Compensation | Date of data |
---|
Janie Barrera | President and Chief Executive Officer | $257,072 | 2024-01-26 |
Nelly Rojas-Moreno | Chief Operating Officer and Chief Financial Officer | $235,360 | 2023-12-31 |
Marchell Camp | Chief Financial Officer | | 2024-10-22 |
Ronita Pickney | Chief People Officer | $155,623 | 2022-12-31 |
Adrian Gonzalez | Chief CDC Officer | $170,485 | 2023-12-31 |
...and 12 more key personnel |
Financials for LiftFund
Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
---|
Total grants, contributions, etc. | $29,182,853 | $41,927,902 | -30.4% |
Program services | $10,427,112 | $9,577,404 | 8.9% |
Investment income and dividends | $335,049 | $256,895 | 30.4% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $31,260 | $42,096 | -25.7% |
Net gain from sale of non-inventory assets | $586,848 | $8,016 | 7221% |
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 | $6,272 | -100% |
Total revenues | $40,563,122 | $51,818,585 | -21.7% |
Organizations like LiftFund
Organization | Type | Location | Revenue |
---|
Chicago Community Loan Fund (CCLF) | 501(c)(3) | Chicago, IL | $15,665,409 |
Opportunity Finance Network (OFN) | 501(c)(3) | Philadelphia, PA | $24,971,319 |
Access To Capital for Entrepreneurs | 501(c)(3) | Cleveland, GA | $26,987,407 |
Pathway Lending | 501(c)(3) | Nashville, TN | $45,168,768 |
The national Development council | 501(c)(3) | New York, NY | $35,945,507 |
Dreamspring | 501(c)(3) | Albuquerque, NM | $14,674,824 |
Entrepreneur Fund | 501(c)(3) | Duluth, MN | $12,753,094 |
City First Enterprises | 501(c)(3) | Washington, DC | $21,464,449 |
Ohio Community Development Finance Fund | 501(c)(3) | Columbus, OH | $16,922,285 |
Community Loan Fund of New Jersey | 501(c)(3) | New Brunswick, NJ | $19,077,899 |
Data update history
December 6, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 27, 2024
Updated personnel
Identified 10 new personnel
November 27, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2024
Received grants
Identified 5 new grant, including a grant for $165,000 from Tides Foundation Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Grassroots organizingState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 2014 S Hackberry
- San Antonio, TX 78210
- Metro area
- San Antonio-New Braunfels, TX
- County
- Bexar County, TX
- Website URL
- liftfund.com/Â
- Phone
- (888) 215-2373
- Facebook page
- LiftFundUSÂ
- Twitter profile
- @liftfundusÂ
IRS details
- EIN
- 74-2712770
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1994
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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