2023-11-01T19:40:48-05:00 2022-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-01-01 133238657 NONPROFIT FINANCE FUND NONP 2128686710 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 AISHA BENSON PRESIDENT & CEO 2128686710 2023-11-01 1 AISHA BENSON XXX-XX-XXXX 1 EVA MRUK P00543254 2122862600 2023-10-30 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z AISHA BENSION 5 HANOVER SQUARE 9TH FL NEW YORK NY 10004 16875768 0 X WWW.NFF.ORG X 1984 NY THROUGH CAPITAL, CONSULTING, AND ADVOCACY, NFF BOOSTS THE COLLECTIVE SUCCESS AND POWER OF NONPROFITS TO ADVANCE RACIAL EQUITY AND COMMUNITY WEALTH AND WELL-BEING. 19 18 141 19 0 0 20939288 3939454 14327346 12831133 17085 67887 232985 37294 35516704 16875768 1898426 495741 0 0 14744492 16077798 0 0 653978 7638991 8220098 24281909 24793637 11234795 -7917869 319614124 264435834 229955991 182695570 89658133 81740264 X NONPROFIT FINANCE FUND IS A NONPROFIT LENDER, CONSULTANT, AND ADVOCATE. FOR MORE THAN 40 YEARS, WE'VE WORKED TO STRENGTHEN NONPROFIT ORGANIZATIONS AND IMPROVE THE WAY MONEY FLOWS TO SOCIAL GOOD. WE ARE COMMITTED TO BUILDING A MORE EQUITABLE AND JUST SOCIAL SECTOR, AND HELPING COMMUNITY-CENTERED ORGANIZATIONS LED BY AND SERVING PEOPLE OF COLOR ACCESS THE MONEY AND RESOURCES THEY NEED TO REALIZE THEIR COMMUNITIES' ASPIRATIONS. 0 0 17928522 495741 12831133 NFF IS A NONPROFIT LENDER, CONSULTANT, AND ADVOCATE. FOR MORE THAN 40 YEARS, WE'VE WORKED TO STRENGTHEN NONPROFIT ORGANIZATIONS AND IMPROVE THE WAY MONEY FLOWS TO SOCIAL GOOD. WE BELIEVE THAT ALONGSIDE OTHERS WE MUST BUILD A MORE EQUITABLE AND JUST SOCIAL SECTOR, AND ARE COMMITTED TO HELPING COMMUNITY-CENTERED ORGANIZATIONS LED BY AND SERVING PEOPLE OF COLOR ACCESS THE MONEY AND RESOURCES THEY NEED TO REALIZE THEIR COMMUNITIES' ASPIRATIONS. AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) NFF MANAGES A PORTFOLIO OF OVER $393 MILLION. SINCE 1980, WE HAVE PROVIDED OVER $1.1 BILLION IN FINANCING AND ACCESS TO ADDITIONAL CAPITAL IN SUPPORT OF OVER $3.5 BILLION IN PROJECTS FOR THOUSANDS OF ORGANIZATIONS NATIONWIDE. (CONTINUED ON SCHEDULE O)NFF WORKS TOWARD A MORE JUST AND VIBRANT SOCIETY THROUGH:- FINANCING FOR NONPROFITS AND SOCIAL ENTERPRISES THAT ARE WORKING HARD TO REALIZE THE HIGHEST ASPIRATIONS OF THEIR COMMUNITIES.- CONSULTING THAT HELPS NONPROFIT LEADERS AND THEIR FUNDERS MAKE DECISIONS THAT STRENGTHEN THE CONNECTION BETWEEN MONEY AND MISSION SUCCESS.- PARTNERING WITH SERVICE PROVIDERS, FUNDERS, AND INVESTORS TO ADVANCE COMMUNITY-LED SOLUTIONS AND IDENTIFY AND ADVOCATE FOR PRACTICES THAT ENSURE ORGANIZATIONS ARE POSITIONED TO ACHIEVE THEIR GOALS, WHETHER THAT IS SHIFTING TOWARD MORE RACIALLY EQUITABLE FUNDING OR REINFORCING THE IMPORTANCE OF COVERING THE FULL COSTS OF DELIVERING PROGRAMS.- LEARNING AND SHARING CUTTING-EDGE DATA, INSIGHTS, AND RESOURCES TO SUPPORT SOCIAL CHANGE AND ENCOURAGE MORE EQUITABLE FUNDING PRACTICES.IN 2022, NFF STAFF PRIMARILY WORKED REMOTELY IN THE GEOGRAPHIC REGIONS OF NEW YORK, PHILADELPHIA, BOSTON, LOS ANGELES, AND OAKLAND. OFFICES IN THESE REGIONS GRADUALLY REOPENED FOR STAFF ACCESS FOLLOWING THE IMPLEMENTATION OF SPECIFIC COVID SAFETY PROTOCOLS AND ACCORDING TO STATE LEVEL REQUIREMENTS. A SELECTION OF NFF'S SERVICES INCLUDE:ACCESS TO CAPITAL:LOANS: NFF TYPICALLY MAKES LOANS UP TO $6 MILLION AND PROVIDES FINANCING INDEPENDENTLY AND IN PARTNERSHIP WITH OTHER LENDERS, TO NONPROFITS AND SOCIAL ENTERPRISES. THE FINANCING IS USED FOR A VARIETY OF PURPOSES INCLUDING FACILITY-RELATED NEEDS SUCH AS PROPERTY ACQUISITION, NEW CONSTRUCTION, RENOVATION, AND LEASEHOLD IMPROVEMENTS. NFF ALSO PROVIDES LOANS FOR WORKING CAPITAL AND OPERATING NEEDS INCLUDING EQUIPMENT LOANS AND LINES OF CREDIT.NEW MARKETS TAX CREDITS ("NMTC"): SINCE 2007 NFF HAS BEEN AWARDED A TOTAL OF $401 MILLION IN NMTC FROM THE US DEPARTMENT OF THE TREASURY, WHICH NFF USES TO PROVIDE FLEXIBLE FINANCING TO ORGANIZATIONS AND PROJECTS THAT INCREASE ACCESS TO HUMAN SERVICES, HEALTHCARE, EDUCATION, ARTS AND CULTURE, YOUTH AND WORKFORCE DEVELOPMENT, AND MUCH MORE IN COMMUNITIES ACROSS THE US. NFF IS ONE OF A FEW ORGANIZATIONS USING THESE CREDITS EXCLUSIVELY TO HELP FINANCE PROJECTS BENEFITING SMALL AND MID-SIZED NONPROFITS. NFF'S THREE TAX CREDIT INVESTMENTS IN 2022 WERE MADE THROUGH ITS NMTC SMALL LOAN FUND, WHICH OFFERS LOW INTEREST RATES TO BORROWERS WITH FINANCING NEEDS TOO SMALL TO QUALIFY FOR TRADITIONAL NMTC LEVERAGE STRUCTURES. SUPPORTING PROGRAM RELATED INVESTMENTS AND OTHER IMPACT INVESTMENTS: NFF SUPPORTS EFFORTS OF FOUNDATIONS AND OTHERS CONSIDERING THE ADDITION OF PROGRAM-RELATED AND OTHER IMPACT INVESTMENTS TO ITS PHILANTHROPIC ACTIVITY AND THOSE SEEKING ASSISTANCE WITH AN EXISTING PROGRAM. OTHER CAPITAL ACCESS AND RELATED ACTIVITIES: NFF WORKS IN PARTNERSHIP WITH FUNDERS AND OTHER PROVIDERS OF CAPITAL TO EXPLORE THOUGHTFUL, PRACTICAL APPLICATIONS OF CUTTING-EDGE IDEAS AND MORE EQUITABLE FUNDING PRACTICES SUCH AS COVERING FULL COSTS, OFFERING CHANGE CAPITAL, AND PROVIDING THE FLEXIBLE OPERATING DOLLARS THAT NONPROFITS NEED TO SUSTAIN AND ADAPT THEIR COMMUNITY WORK. NFF'S LOANS AND OTHER FINANCING PRODUCTS EVOLVE WITH THE CHANGING NEEDS OF THE SECTOR AND US COMMUNITIES. STARTING IN 2020, NFF HAS RAISED SPECIAL LOAN FUNDS TO MEET NONPROFITS' REAL-TIME NEEDS WITH FLEXIBLE FINANCING AND TAILORED APPROACHES LIKE ZERO-INTEREST LOANS, CONSULTING SERVICES, AND KEY PARTNERSHIPS. NFF ORIGINATED $8.7 MILLION IN SPECIAL LOAN FUNDS IN 2022. AS PART OF A STRATEGIC COMMITMENT TO ADVANCE RACIAL EQUITY, MORE THAN TWO-THIRDS OF NFF'S LOANS CLOSED SUPPORTED ORGANIZATIONS LED BY PEOPLE OF COLOR IN 2022. ADVICE AND TRAINING:CONSULTATION AND ANALYSIS: NFF IS A LEADING FINANCIAL CONSULTING PRACTICE PROVIDING SOLUTIONS-BASED ADVICE AND PARTNERSHIP TO HELP NONPROFITS AND THEIR FUNDERS ADDRESS CHANGE, CHALLENGE, OR OPPORTUNITY. WHETHER THROUGH IN-DEPTH CONSULTING SERVICES, GROUP CLINICS, OR LONG-TERM PARTNERSHIPS, NFF CONSULTANTS WORK WITH COMMUNITY-CENTERED NONPROFIT ORGANIZATIONS, NETWORKS, ORGANIZERS, FUNDERS, AND FINANCING PARTNERS TO SUPPORT COMMUNITY-LED SOLUTIONS, AND ENGAGE AND FACILITATE FUNDING THAT PROMOTES EQUITY. NFF'S CONSULTING PRACTICE LEAVES CLIENTS IN A BETTER POSITION TO BUDGET AND ADVOCATE FOR WHAT IT REALLY COSTS TO DELIVER ON MISSION, FULLY UNDERSTAND THEIR EXISTING AND POTENTIAL BUSINESS MODELS, AND PLAN FOR VARIED FINANCIAL AND OPERATIONAL SCENARIOS. NFF ALSO WORKS WITH NONPROFIT MANAGERS TO HELP THEM BETTER COMMUNICATE THEIR FINANCIAL STORY TO FUNDERS, LENDERS, AND OTHERS. IN 2022, WE PROVIDED DIRECT, TAILORED FINANCIAL MANAGEMENT AND FINANCIAL CONSULTING TO OVER 250 NONPROFIT ORGANIZATIONS. WE ALSO REACHED NEARLY 1,800 NONPROFIT LEADERS THROUGH SHORT ENGAGEMENTS, EVENTS, AND CONSULTING WEBINARS. ACROSS OUR PRACTICE, THIS TOTALED 15,174 HOURS OF SERVICE PROVIDED TO NONPROFITS.WORKSHOPS AND ONLINE RESOURCES: NFF'S REMOTE WORKSHOPS, WEBINARS, AND ONLINE RESOURCES OFFER NONPROFIT LEADERS INSIGHTS, TOOLS, AND GUIDANCE TO HELP THEIR ORGANIZATIONS ADAPT TO AN EVER-CHANGING ENVIRONMENT. CONTENT IS DESIGNED TO HELP MANAGERS AND BOARD MEMBERS BECOME MORE COMFORTABLE READING AND INTERPRETING FINANCIAL STATEMENTS AND THINKING THROUGH HOW MANAGEMENT DECISIONS AND CAPITAL STRUCTURE AFFECT AN ORGANIZATION'S MISSION AND FINANCES. IN 2022, CONSULTANTS PREPARED COMPANION WORKBOOKS FOR A FULL CURRICULUM OF NONPROFIT FINANCIAL MANAGEMENT WEBINARS IN ENGLISH AND SPANISH TO SHARE PRACTICAL TOOLS AND HELPFUL INSIGHTS FOR NONPROFIT LEADERS. THEY ALSO CREATED A RESOURCE PAGE FOR FUNDRAISING AND A THREE-PART VIDEO SERIES SPECIFICALLY FOR NONPROFIT LEADERS WHO ARE IN THE EARLY STAGES OF NONPROFIT FINANCIAL MANAGEMENT AND CREATING THEIR FIRST ORGANIZATIONAL BUDGET. SOCIAL SECTOR KNOWLEDGE: TO ADVANCE A MORE EQUITABLY RESOURCED NONPROFIT SECTOR, NFF RESEARCHES, AMPLIFIES, GATHERS, AND SHARES THE INSIGHTS AND EXPERIENCES OF ON-THE-GROUND NONPROFITS WITH GOVERNMENT OFFICIALS, DECISION-MAKERS, INFLUENCERS, AND FUNDERS. NFF'S 2022 STATE OF THE NONPROFIT SECTOR SURVEY GATHERED INPUT FROM OVER 1,100 RESPONDENTS ACROSS THE US AND SHARED DATA AND INSIGHTS TO BUILD A MORE RESILIENT SOCIAL SECTOR.GRANTS EXPENSE: THE ORGANIZATION ALSO MADE PASS-THROUGH GRANTS AS REQUESTED BY FUNDERS TO PROMOTE THE FINANCIAL HEALTH OF ORGANIZATIONS WITH RELATED PURPOSES. 17928522 1 1 0 1 0 0 0 0 1 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 72 0 141 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA IL NJ NY PA MA MI X X X AISHA BENSON PRESIDENT CEO 2124574700 5 HANOVER SQUARE 9TH FLOOR NEW YORK NY 10004 TRELLA WALKER INTERIM CEO & PRESIDENT THRU 8/2022 50.00 0.01 X X 403410 0 45237 AISHA BENSON CEO, AS OF AUG. 2022 50.00 0.01 X X 168203 0 8959 HENRY RAMOS BOARD CHAIR 0.50 0.00 X X 0 0 0 GEORGETTE WONG BOARD VICE-CHAIR 0.50 0.01 X X 0 0 0 JOHN TAYLOR TREASURER 0.50 0.00 X X 0 0 0 PHILLIP CLAY SECRETARY 0.50 0.01 X X 0 0 0 JENNIFER ANGLADE DIRECTOR, THRU DEC. 2022 0.50 0.00 X 0 0 0 BERIT ASHLA DIRECTOR 0.50 0.00 X 0 0 0 STEPHEN DEBERRY DIRECTOR 0.50 0.00 X 0 0 0 KRISTINA DIXON DIRECTOR 0.50 0.00 X 0 0 0 IVY DRAUGHAN DIRECTOR 0.50 0.00 X 0 0 0 RODNEY FOXWORTH DIRECTOR 0.50 0.01 X 0 0 0 CHRIS IGLESIAS DIRECTOR 0.50 0.00 X 0 0 0 NIKE IRVIN DIRECTOR 0.50 0.01 X 0 0 0 BRENDA LOYA DIRECTOR 0.50 0.00 X 0 0 0 ALLYN MAXFIELD-STEELE DIRECTOR 0.50 0.00 X 0 0 0 ROB MCKAY DIRECTOR 0.50 0.00 X 0 0 0 KRIS PUTNAM-WALKERLY DIRECTOR 0.50 0.00 X 0 0 0 GREGORY ROBINSON DIRECTOR 0.50 0.00 X 0 0 0 JOE SILVER DIRECTOR 0.50 0.00 X 0 0 0 LISA WILLIAMS DIRECTOR 0.50 0.00 X 0 0 0 BETH DOREIAN VP FP&A THRU 9/22, INT CFO EFF. 10/22 50.00 0.01 X 167250 0 46805 ALIK HINCKSON INTERIM CFO THRU 10/2022 30.00 0.01 X 44925 0 0 KRISTIN GIANTRIS CHIEF OF CLIENT SERVICES 50.00 0.00 X 274837 0 52927 JENNIFER TALANSKY VP, MARKETING & COMMUNICATIONS 50.00 0.00 X 222363 0 64950 ANDREA BRISCOE INTERIM CHIEF ADMINISTRATIVE OFFICER 50.00 0.00 X 306545 0 40750 JESSICA LABARBERA CHIEF OF STAFF 50.00 0.00 X 201357 0 58222 JENNIFER KAWAR VP, INVESTOR RELATIONS 50.00 0.00 X 191702 0 34563 ANAND ATTAVANE VP / CONTROLLER 50.00 0.00 X 175667 0 50555 ANNIE CHANG VP, COMMUNITY ENGAGEMENT 50.00 0.00 X 162782 0 39670 DAVID STREIM VP, FINANCING 50.00 0.00 X 164508 0 22431 NORAH MCVEIGH FORMER MANAGING DIRECTOR 0.00 0.00 X 178158 0 0 2661707 0 465069 57 1 1 0 COHNREZNICK LLP 816 CONGRESS AVENUE SUITE 200 AUSTIN TX 78701 ACCOUNTING SERVICES 168500 BRIAN MCCOY DBA ONSIGHT TECH 820 OLD WILMINGTON ROAD COATESVILLE PA 19320 INFO TECH SERVICES 139102 GLOBALIZATION PARTNERS LLC 265 FRANKLIN STREET SUITE 502 BOSTON MA 02110 PAYROLL SERVICES 132978 3 100000 2722916 1116538 3939454 INTEREST ON LOANS 900099 9523472 9523472 PRGM & CONTRACT FEES 900099 2023349 2023349 LOAN AND FINAN. FEES 900099 1284312 1284312 12831133 67887 67887 25440 0 25440 25440 25440 MISCELLANEOUS INCOME 900099 11854 11854 11854 16875768 12831133 0 105181 495741 495741 1847161 473238 1073485 300438 178158 142526 17816 17816 11251013 8328467 2781469 141077 540278 392753 137176 10349 1339117 980050 335134 23933 922071 627686 264354 30031 760172 409866 342551 7755 83884 45228 37800 856 109404 58988 49300 1116 3500 3500 1054565 945110 85997 23458 445 230 186 29 277927 148681 114308 14938 465080 240655 196293 28132 1071618 657503 396748 17367 294119 151478 123197 19444 59403 30594 24882 3927 2485344 2485344 310151 169054 135418 5679 151184 92761 55973 2450 PROVISION FOR LOAN LOSS 997376 997376 RECRUITING/TRAINING 70758 36442 29638 4678 MAINTENANCE & REPAIRS 23232 14254 8601 377 MISC EXPENSES 1936 997 811 128 24793637 17928522 6211137 653978 31092089 16881157 36004161 34375457 4382356 1472122 348675 636665 348884 355699 4323560 2900859 1600661 1422701 16838 17345 245730326 204040034 90134 5234654 319614124 264435834 2871108 2075719 1856728 739749 86242 86242 112034007 97169513 111239178 75977788 1868728 6646559 229955991 182695570 X 53299847 51352079 36358286 30388185 89658133 81740264 319614124 264435834 -7917869 0 X X 0 1 X 1 1 1 X 9460209 9858573 40313598 20939288 3939454 84511122 9460209 9858573 40313598 20939288 3939454 84511122 17332107 67179015 13636 22087 45439 42525 93327 217014 2641 20706 19245 207545 11854 261991 84990127 67221380 0.79040 0.77840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 2,641. 2019 AMOUNT: $ 7. 2022 AMOUNT: $ 11,854. REAL ESTATE TAX ABATEMENT - 2019 AMOUNT: $ 15,528. 2020 AMOUNT: $ 19,245. 2021 AMOUNT: $ 207,545. PRINCIPAL REPAYMENTS FROM LOANS - 2019 AMOUNT: $ 5,171. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3500 3500 24136159 24139659 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 9250 3500 0 3500 16250 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 1 X 2185283 1085472 1099811 1335194 1153842 181352 803083 661545 141538 1422701 PROGRAM LOANS AND INTEREST RECEIVABLE 204040034 C 204040034 DEFERRED RENT 14332 LEASE PAYABLE 6632227 6646559 X 17115111 239343 239343 16875768 0 16875768 25032980 239343 239343 24793637 0 24793637 PART IV, LINE 2B: NONPROFIT FINANCE FUND HOLDS A CUSTODIAL BANK ACCOUNT FOR NEW MARKET TAX CREDIT PARTNERSHIPS OF WHICH NONPROFIT FINANCE FUND IS A GENERAL PARTNER OF .01% AND THE FUNDS ARE USED AS OBLIGATION PAYMENTS AS AUTHORIZED BY THE PARTNERSHIPS. PART X, LINE 2: THE FUND'S ACCOUNTING POLICY IS TO DISCLOSE LIABILITIES FOR UNCERTAIN TAX POSITIONS WHEN A LIABILITY IS PROBABLE AND ESTIMABLE. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX. THE FUND IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO 2019. 1 BME NETWORKS INC 2103 CORAL WAY 2ND FLOOR MIAMI FL 33145 463083316 501(C)(3) 195000 0 BME COMMUNITY FOR FELLOWSHIP PROGRAM FUNDING CAL STATE LOS ANGELES UNIVERSITY AUXILIARY SERVICES INC 5151 STATE UNIVERSITY DRIVE LOS ANGELES CA 90032 954016653 501(C)(3) 122030 0 PAT BROWN INSTITUTE FOR SURVEY SUPPORT COMMUNITY PARTNERS 1000 N ALAMEDA STREET STE 240 LOS ANGELES CA 90012 954302067 501(C)(3) 87400 0 LOS ANGELES FOOD SECURITY PLANNING GRANT 3 0 PART I, LINE 2: NONPROFIT FINANCE FUND (NFF) MAKES GRANTS TO OTHER NONPROFIT ORGANIZATIONS AS PART OF A VARIETY OF FUNDER-SPECIFIC INITIATIVES AND IN A MANNER THAT ALIGNS WITH NFF'S MISSION. RECIPIENTS ARE OFTEN SELECTED THROUGH A COMPETITIVE PROCESS. GRANTS ARE REVIEWED AND APPROVED BASED UPON THE CRITERIA ESTABLISHED BY THE FUNDER AND THE GRANTEES' CAPACITY TO SERVE THEIR COMMUNITIES AND TO FURTHER THEIR CHARITABLE MISSION. GRANTS ARE ONLY DISBURSED AFTER RECEIVING WRITTEN AND SIGNED ACKNOWLEDGEMENT BY THE GRANTEE OF THE RESTRICTIONS ON THE GRANT. AFTER DISBURSEMENT AND DURING THE TERM OF GRANT, THE GRANTEE IS REQUIRED PROVIDE PERIODIC REPORTS RELATED TO GRANT COMPLIANCE. NFF STAFF CHECKS IN WITH THE GRANT RECIPIENTS AT AGREED UPON INTERVALS TO SEE HOW THE GRANT FUNDED WORK IS PROGRESSING. SOME GRANTS REQUIRE REPORTING AT REGULAR INTERVALS AND A SUMMARY OF IMPACT. X X X X X 1 0 0 0 0 0 0 1 0 TRELLA WALKER INTERIM CEO & PRESIDENT THRU 8/2022 166071 0 0 0 237339 0 11719 0 33518 0 448647 0 0 0 ANDREA BRISCOE INTERIM CHIEF ADMINISTRATIVE OFFICER 261545 0 45000 0 0 0 14027 0 26723 0 347295 0 0 0 KRISTIN GIANTRIS CHIEF OF CLIENT SERVICES 274837 0 0 0 0 0 17431 0 35496 0 327764 0 0 0 JENNIFER TALANSKY VP, MARKETING & COMMUNICATIONS 222363 0 0 0 0 0 14057 0 50893 0 287313 0 0 0 JESSICA LABARBERA CHIEF OF STAFF 200357 0 1000 0 0 0 12860 0 45362 0 259579 0 0 0 JENNIFER KAWAR VP, INVESTOR RELATIONS 191702 0 0 0 0 0 10947 0 23616 0 226265 0 0 0 ANAND ATTAVANE VP / CONTROLLER 165667 0 10000 0 0 0 11018 0 39537 0 226222 0 0 0 BETH DOREIAN VP FP&A THRU 9/22, INT CFO EFF. 10/2 167250 0 0 0 0 0 10315 0 36490 0 214055 0 0 0 ANNIE CHANG VP, COMMUNITY ENGAGEMENT 162782 0 0 0 0 0 10247 0 29423 0 202452 0 0 0 DAVID STREIM VP, FINANCING 164508 0 0 0 0 0 9941 0 12490 0 186939 0 0 0 NORAH MCVEIGH FORMER MANAGING DIRECTOR 0 0 0 0 178158 0 0 0 0 0 178158 0 0 0 AISHA BENSON CEO, AS OF AUG. 2022 168203 0 0 0 0 0 0 0 8959 0 177162 0 0 0 PART I, LINE 4A TRELLA WALKER AND NORAH MCVEIGH RECEIVED SEVERANCE PAYMENTS OF $213,750 AND $178,158 RESPECTIVELY, IN ACCORDANCE WITH THEIR SEPARATION AGREEMENTS PART I, LINE 7 CERTAIN INDIVIDUALS RECEIVED A PERFORMANCE-BASED BONUS IN 2022, AS REPORTED IN PART II, COLUMN B(II). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN EXTERNAL PROFESSIONAL ACCOUNTING FIRM AND IS REVIEWED BY INTERNAL MANAGEMENT/ INTERIM CFO. UPON COMPLETION OF THE FORM 990, THE RETURN IS SENT VIA ELECTRONIC MAIL TO MEMBERS OF THE AUDIT COMMITTEE OF NONPROFIT FINANCE FUND FOR THEIR REVIEW AND COMMENT. ANY COMMENTS ARE THEN SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. ANY REQUIRED UPDATES ARE MADE UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. ONCE THE FORM 990 IS APPROVED, IT IS PROVIDED ELECTRONICALLY TO THE FULL BOARD OF DIRECTORS, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NONPROFIT FINANCE FUND'S CONFLICT OF INTEREST AND DISCLOSURE POLICY IS APPLICABLE TO ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES. AT THE BEGINNING OF EACH YEAR, ALL SUCH PERSONS ARE ASKED TO SIGN A STATEMENT AFFIRMING THAT THE INDIVIDUAL HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST AND DISCLOSURE POLICY, HAS READ AND UNDERSTANDS THE POLICY AND AGREES TO COMPLY WITH THE POLICY. THE POLICY REQUIRES THAT ALL POTENTIAL CONFLICTS BE REPORTED TO THE BOARD OF DIRECTORS OR RELEVANT COMMITTEE TO DETERMINE IF A CONFLICT EXISTS AND IF SO, THAT IT BE ADDRESSED IN AN APPROPRIATE MANNER CONSISTENT WITH THE POLICY. THE POLICIES ALSO PROVIDE THAT INTERESTED PERSONS MAY NOT PARTICIPATE WHEN A POTENTIAL CONFLICT IS DETERMINED NOR BE PRESENT FOR THE APPROVAL OF ANY TRANSACTION OR BUSINESS INVOLVING THE INTERESTED PARTY. FORM 990, PART VI, SECTION B, LINE 15A NONPROFIT FINANCE FUND'S BOARD OF DIRECTORS IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE CEO. THE BOARD APPROVED THE COMPENSATION COMMITTEE'S RECOMMENDATION OF BASE SALARY. THESE RECOMMENDATIONS WERE BASED UPON FACTORS INCLUDING COMPENSATION PAID BY SIMILAR ORGANIZATIONS AND COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS. IN 2022, NFF HIRED A NEW CEO AND CONTRACTED TWO INDEPENDENT COMPENSATION CONSULTANTS TO CARRY OUT COMPENSATION STUDIES AND REVIEW FORM 990S OF COMPARABLE ORGANIZATIONS AS DATA POINTS FOR HER COMPENSATION DETERMINATION. EACH OF THESE DECISIONS WAS DOCUMENTED IN CONTEMPORANEOUS MINUTES. SENIOR STAFF REPORTING DIRECTLY TO THE CEO ARE PAID SALARIES DETERMINED BY THE CEO. THE INTERIM CEO DETERMINED THE SALARIES OF SENIOR STAFF UNTIL AUGUST 2022 WHEN A NEW CEO WAS HIRED. THE BOARD REVIEWED AND APPROVED A TOTAL POOL FOR BASE SALARY CHANGES AND BONUSES FOR THIS GROUP. THIS APPROVAL WAS CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. THE CEO DETERMINED THE AMOUNT OF EACH INDIVIDUAL ADJUSTMENT AND BONUS WITHIN THOSE POOLS BASED UPON ENTERPRISE AND INDIVIDUAL PERFORMANCE AND SCOPE OF RESPONSIBILITIES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE SERVICE CODE. IN ADDITION, THE FORM 990, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND BYLAWS ARE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. FORM 990, PART XII, LINE 2C: NONPROFIT FINANCE FUND HAS AN AUDIT COMMITTEE, COMPOSED OF INDEPENDENT BOARD MEMBERS, THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. 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