EIN 20-5189202

Opportunity Finance Network (OFN)

IRS 501(c) type
501(c)(3)
Num. employees
35
Year formed
2006
Most recent tax filings
2019-12-01
Description
To lead CDFIs and their partners to ensure that low-income, low-wealth, and other disadvantaged people and communities have access to affordable, responsible financial products and services.

Program areas at OFN

Financial services: expanding access to responsible, affordable capital.financial services includes the following activities which benefit low-income and low-wealth communities throughout the u.s: ofn's financing fund (on balance-sheet lending and investing to cdfis); fund management services (fee-based business providing cdfi fund management and asset management services to third party investors); new markets tax credit activity; and cdfi bond guarantee program bond issuance and administrative services.
Voice: amplifying the cdfi message and securing stakeholder support.across multiple platforms and audiences, ofn's strategic communications and policy advocacy drive the message that cdfi investments transform communities and change lives-and increases resources to cdfis.
Strength: building potential for impact.ofn strengthens the cdfi industry by providing peer learning opportunities, research, innovative networking platforms, and signature annual events (e.g. The ofn conference and small business Finance forum) for cdfi practitioners, partners, and investors.

Form 990s for OFN

Fiscal year endingDate received by IRSFormPDF link
2019-122021-02-18990View PDF
2018-122019-10-03990View PDF
2017-122018-12-22990View PDF
2016-122017-12-01990View PDF
2015-122017-03-03990View PDF
...and 5 more Form 990s

Who funds Opportunity Finance Network (OFN)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$4,500,000
 View purchase optionsEnable the Organization To Achieve Its Mission To Lead Community Development Financial Institutions/their Partners To Ensure That Low-Income, Low-Wealth and Other Disinvested People/communities Have Access To Affordable, Responsible Financial Products/services By Providing General Operating Support$250,000
 View purchase optionsToward the Costs of An Initiative To Help Community Development Financial Institutions and Investors Identify and Evaluate Projects That Have High Resilience Potential in An Effort To Improve the Economic and Climate Resilience of Vulnerable Communities in the U.s.$200,000
...and 7 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of the TreasuryCOMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS BOND GUARANTEE PROGRAM$384,710,961
 View purchase options█████ ██████ █████ ██████ ███$░░░,░░░

Grants made by OFN

GranteeGrant descriptionAmount
Four Directions Development Corporation2019 Native Cdfi Catalyst Award$100,000
Lummi Community Development Financial Institution2019 Native Seed Capital Award$25,000

Financials for OFN

RevenuesFYE 12/2019
Total grants, contributions, etc.$7,614,604
Program services$8,729,250
Investment income and dividends$111,761
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$2,040
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$16,457,655

Personnel at OFN

NameTitleCompensation
Lisa MensahPresident and Chief Executive Officer$395,805
Amber Kuchar-BellChief Strategy and Operations Officer
Andrew GivensChief Operating Officer$214,225
 View purchase optionsChief Investment and Network Officer / Chief Lending and Investment Officer$233,437
 View purchase optionsChief Financial Officer$242,205
...and 27 more key personnel

Organizations like OFN

OrganizationLocationRevenue
Business Outreach Center Network IncorporatedBrooklyn, NY$4,214,176
Center for Rural Affairs (CFRA)Lyons, NE$8,918,304
Mountain AssociationBerea, KY$4,372,361
New LeadersNew York, NY$26,661,210
Tsne Missionworks (TSNE)Boston, MA$70,555,519
National Cooperative Bank (NCB)Arlington, VA$33,670,577
South Carolina Manufacturing Extension PartnershipGreenville, SC$7,579,816
The Biotechnology Greenhouse of Southeastern PennsylvaniaRadnor, PA$12,959,074
Kentucky Science and Technology Corporation (KSTC)Lexington, KY$7,157,640
Ben Franklin Technology Partners NE PABethlehem, PA$6,233,285
JumpStartCleveland, OH$26,023,957
Center for Innovative Technology (CIT)Herndon, VA$15,067,290
First Nations Development InstituteLongmont, CO$15,867,191
LeadingAge WAWashington, DC$21,543,947
Hope Enterprise CorporationJackson, MS$16,044,629
World Business ChicagoChicago, IL$6,631,146
Structured Employment Economic Development Corporation (SEEDCO)New York, NY$7,904,107
Innovation Works (IW)Pittsburgh, PA$8,003,735
League of Women Voters Education FundWashington, DC$6,005,689
Public AlliesMilwaukee, WI$15,619,938
Enterprise MinnesotaMinneapolis, MN$4,550,459
Southeast Rural Community Assistance ProjectRoanoke, VA$6,228,189
The Recycling PartnershipFalls Church, VA$13,262,860
Teach for AllNew York, NY$50,938,774
The Reinvestment Fund (TRF)Philadelphia, PA$38,375,216
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$16,457,655
2019
Yearly growth
25.4%
% of revenues
n/a
Total expenses
$11,009,104
2019
Yearly growth
4.5%
% of expenses
n/a
Total assets
$152,045,945
2019
Yearly growth
7%
% of assets
n/a
Num. employees
35
2019
Yearly growth
-22.2%
% of total
n/a
General information
Address
123 S Broad St Suite 1930
Philadelphia, PA 19107
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Website URL
ofn.org/ 
Phone
(215) 923-4754
Facebook page
ofn.org 
Twitter profile
@oppfinance 
IRS details
EIN
20-5189202
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2006
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent