EIN 20-5189202

Opportunity Finance Network (OFN)

IRS 501(c) type
Num. employees
Year formed
Most recent tax filings
NTEE code, primary
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.
Total revenues
Total expenses
Total assets
Num. employees

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.

Grants made by OFN

GranteeGrant descriptionAmount
Oweesta CorporationOfn Cdfi Tech Grant Program Supported By Google.org$750,000
Community Reinvestment Fund (CRF)Ofn Cdfi Tech Grant Program Supported By Google.org$750,000
Allies for Community Business (A4CB)Ofn Cdfi Tech Grant Program Supported By Google.org$500,000
...and 117 more grants made totalling $20,425,000

Who funds Opportunity Finance Network (OFN)

Grants from foundations and other nonprofits
Tides FoundationEquity, Human Rights, and Economic Empowerment$10,715,000
Citi FoundationNext Gen Cdfi Workforce Program$2,050,000
Focusing PhilanthropyAccess To Credit$1,123,925
...and 9 more grants received

Personnel at OFN

Beth LipsonInterim President and Chief Executive Officer and Chief Fina$256,457
Lisa MensahPresident and Chief Executive Officer Thru Aug 31 , 2022$339,989
Amber BellChief Strategy and Operation$234,854
Amber Kuchar-BellChief Strategy and Operations Officer
Amir KirkwoodChief Investment and Network Officer / Chief Lending and Investment Officer$280,280
...and 26 more key personnel

Financials for OFN

RevenuesFYE 12/2022
Total grants, contributions, etc.$63,110,366
Program services$11,902,140
Investment income and dividends$1,039,153
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-3,220
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$76,048,439

Form 990s for OFN

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-10990View PDF
2021-122022-08-04990View PDF
2020-122021-09-22990View PDF
2019-122021-02-18990View PDF
2018-122019-10-03990View PDF
...and 8 more Form 990s

Organizations like OFN

LiftFundSan Antonio, TX$51,818,585
The national Development councilNew York, NY$35,945,507
Southwest Initiative FoundationHutchinson, MN$19,655,047
IffChicago, IL$64,193,835
Enterprise Community PartnersColumbia, MD$115,861,908
Rural Community Assistance Partnership Incorporated (RCAP)Washington, DC$25,591,458
Pathway LendingNashville, TN$34,352,914
Calvert Impact Capital (CIC)Bethesda, MD$30,134,256
IcastLakewood, CO$21,039,992
Southern Minnesota Initiative Foundation (SMIF)Owatonna, MN$22,164,085
Data update history
December 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 3, 2023
Updated personnel
Identified 1 new personnel
November 27, 2023
Used new vendors
Identified 2 new vendors, including , and
October 23, 2023
Received grants
Identified 11 new grant, including a grant for $2,095,000 from Tides Foundation
August 7, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Community improvementEconomic development
Political advocacyLobbyingNational levelReceives government fundingTax deductible donations
General information
123 S Broad St Suite 1930
Philadelphia, PA 19107
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Philadelphia County, PA
Website URL
(215) 923-4754
Facebook page
Twitter profile
IRS details
Fiscal year end
Taxreturn type
Form 990
Year formed
Eligible to receive tax-deductible contributions (Pub 78)
NTEE code, primary
S30: Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
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