2024-11-14T19:38:01-06:00 2023-12-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2023-01-01 364385559 RSF SOCIAL INVESTMENT FUND INC RSFS 4155613900 PO BOX 2007 SAN FRANCISCO CA 94126 SYLVIA LEE VICE PRESIDENT, FINANCE 4155613900 2024-11-14 1 0 TRACY S PAGLIA P00366884 4159561500 2024-11-14 2023 2024-10-15 13:58:12Z JASPER J VAN BRAKEL PO BOX 2007 SAN FRANCISCO CA 94126 6578017 0 X HTTPS://RSFSOCIALFINANCE.ORG/ X 2000 CA SUPPORT OF RSF SOCIAL FINANCE THROUGH MISSION-RELATED LOANS. 5 4 27 5 1206035 0 0 0 5147969 6034226 -578983 543791 0 0 4568986 6578017 0 0 0 0 2499803 3026724 0 0 0 1869100 2075199 4368903 5101923 200083 1476094 142896589 138000504 131061730 124774270 11834859 13226234 RSF SOCIAL INVESTMENT FUND, INC. WAS CREATED AS AN AFFILIATE OF RSF SOCIAL FINANCE, INC. (RSF) WHOSE PRIMARY MISSION IS TO PROVIDE LOANS TO MISSION-ALIGNED ORGANIZATIONS AND PROJECTS. 0 0 3975762 0 6034224 THE ORGANIZATION SUPPORTS THE CHARITABLE ACTIVITIES OF RSF THROUGH A PROGRAM OF LOANS TO MISSION-ALIGNED ORGANIZATIONS AND PROJECTS. 3975762 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1209 0 1 27 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X SYLVIA LEE 4155616191 PO BOX 2007 SAN FRANCISCO CA 94126 JASPER J VAN BRAKEL CEO & DIRECTOR 1.00 40.00 X X 0 409160 48725 MICHELLE BRUNO CHIEF OPERATING OFFICER 1.00 40.00 X 0 277750 34293 SYLVIA LEE VP, FINANCE & TREASURER 1.00 40.00 X 0 222358 40736 LEE MERKLE-RAYMOND CHAIR THRU 5/2023 / DIR START 5/2023 1.00 2.00 X X 0 0 0 AMIR KIRKWOOD DIR THRU 5/2023 / CHAIR START 5/2023 1.00 2.00 X X 0 0 0 RON ALSTON DIRECTOR THRU 5/2023 1.00 2.00 X 0 0 0 KONDA MASON DIRECTOR 1.00 2.00 X 0 0 0 ELISSA SANGALLI DIRECTOR 1.00 2.00 X 0 0 0 0 909268 123754 0 0 1 0 0 INT INCOME - BORROWER FUNDS 525990 5312744 4114915 1197829 FEE INCOME 525990 445332 437126 8206 INT INCOME - RELATED ORGS 525990 276150 276150 6034226 543791 543791 6578017 4828191 1206035 543791 619813 230978 388835 1930386 1650887 279499 12722 11260 1462 286988 244306 42682 176815 132611 44204 218046 163534 54512 82171 61628 20543 255221 90802 164419 76902 57676 19226 12177 9133 3044 120710 90532 30178 62471 46853 15618 55892 41919 13973 32950 24712 8238 999414 999414 113556 85167 28389 DUES & SUBSCRIPTIONS 6983 5237 1746 MEMBERSHIP EXPENSES 4200 3150 1050 STAFF APPRECIATION 2768 2076 692 STAFF RETREAT 1824 1368 456 29914 22519 7395 5101923 3975762 1126161 0 2816292 0 41771862 13680937 698 7793 0 15488252 89234746 100748091 9072991 8075431 142896589 138000504 1928956 5005253 138012 153512 34167 39984 125960595 116575521 3000000 3000000 131061730 124774270 X 11834859 13226234 11834859 13226234 142896589 138000504 1476094 -84719 0 X 0 1 X 1 0 X X 1 RSF SOCIAL FINANCE INC 136082763 7 1 0 0 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 6: THE ORGANIZATION PROVIDED LOANS TO UNRELATED TAX-EXEMPT ORGANIZATIONS FOR PURPOSES CONSISTENT WITH THE SUPPORTED ORGANIZATION'S EXEMPT PURPOSE. 0 PROGRAM RELATED LOANS 100748091 F 100748091 DUE TROM RELATED ORGANIZATIONS 8073980 DEPOSITS 1451 8075431 NOTES PAYABLE TO RSF SOCIAL FINANCE 3000000 3000000 X 6578017 0 6578017 0 6578017 5101923 0 5101923 0 5101923 PART X, LINE 2: U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF A TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THERE ARE NO TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT DECEMBER 31, 2023, 2022, AND 2021. SIF WOULD RECOGNIZE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. SIF HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES FOR THE YEARS ENDED DECEMBER 31, 2023, 2022, AND 2021. SIF DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. 0 0 0 0 0 0 0 0 0 JASPER J VAN BRAKEL CEO & DIRECTOR 0 392910 0 16000 0 250 0 2500 0 46225 0 457885 0 0 MICHELLE BRUNO CHIEF OPERATING OFFICER 0 262500 0 15000 0 250 0 1458 0 32835 0 312043 0 0 SYLVIA LEE VP, FINANCE & TREASURER 0 217708 0 4400 0 250 0 2500 0 38236 0 263094 0 0 PART I, LINE 3 THE CHIEF EXECUTIVE OFFICER IS COMPENSATED BY RSF SOCIAL FINANCE, A RELATED ORGANIZATION. RSF SOCIAL FINANCE UTILIZED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. JASPER VAN BRAKEL BOARD MEMBER / OFFICER SOCIAL INVESTMENT X 2491 2491 0 0 1 RON ALSTON BOARD MEMBER SOCIAL INVESTMENT X 27468 27468 0 0 1 MICHELLE BRUNO OFFICER SOCIAL INVESTMENT X 10025 10025 0 0 1 39984 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION DOES NOT HAVE "MEMBERS" BY DEFINITION OF THE BYLAWS; HOWEVER, THE FORM 990 INSTRUCTIONS DEFINE A "MEMBER" AS ANY PERSON (INCLUDING A CORPORATION) WITH THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY AND/OR RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION. ACCORDINGLY, THE ORGANIZATION HAS ONE SOLE MEMBER: RSF SOCIAL FINANCE, INC. FORM 990, PART VI, SECTION A, LINE 7A NO LESS THAN A MAJORITY OF THE DIRECTORS OF RSF SOCIAL INVESTMENT FUND, INC. ARE ELECTED BY RSF SOCIAL FINANCE, INC., THE SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT TAX PREPARER IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE AND ACCOUNTING STAFF. THE VP, FINANCE AND CEO THEN REVIEW A DRAFT OF THE FORM 990; ADJUSTMENTS OR REVISIONS ARE MADE, AS NECESSARY. THE COMPLETED FORM 990 WAS THEN DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES AND SENIOR STAFF (INCLUDING OFFICERS AND KEY EMPLOYEES) ARE REQUIRED TO COMPLETE AND SIGN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENTS WHICH: (I) DISCLOSE ANY RELATIONSHIPS, POSITIONS, OR OTHER CIRCUMSTANCES THAT COULD POTENTIALLY CONSTITUTE A CONFLICT OF INTEREST; (II) ACKNOWLEDGE RECEIPT AND UNDERSTANDING OF THE FULL CONFLICT OF INTEREST POLICY; AND (III) AFFIRM THAT THEY WILL COMPLY WITH THE CONFLICT OF INTEREST POLICY. ANY ALLEGED BREACHES OF THE CONFLICT OF INTEREST POLICY ARE REPORTED TO THE AUDIT COMMITTEE, WHO DETERMINE WHETHER THERE IS A CONFLICT OF INTEREST, REVIEW AND INVESTIGATE, AND RECOMMEND COURSE OF ACTION. THE PERSON WITH WHICH A CONFLICT MIGHT EXIST IS NOT ALLOWED TO VOTE ON THE TRANSACTION OR OTHERWISE TRY TO INFLUENCE THE DECISION-MAKERS. THE AUDIT COMMITTEE'S DECISION IN REGARDS TO THE MATTER IS DOCUMENTED IN THE MINUTES OF COMMITTEE MEETING. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINES 15A AND 15B HAVE BOTH BEEN MARKED NO (AS MANDATED BY THE FORM 990 INSTRUCTIONS) AS THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER AND ALL OTHER OFFICERS/KEY EMPLOYEES ARE COMPENSATED BY A RELATED ORGANIZATION. PLEASE REFERENCE THE SCHEDULE O DISCLOSURE IN RSF SOCIAL FINANCE'S FORM 990 FOR A DESCRIPTION ON HOW COMPENSATION FOR THESE INDIVIDUALS IS DETERMINED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. RSF SOCIAL FINANCE INC PO BOX 2007 SAN FRANCISCO CA 94126 136082763 INVESTING, LENDING, AND GIVING SERVICES TO IMPROVE SOCIETY AND ENVIRONMENT NY 501(C)(3) LINE 7 N/A 0 GINUNGAGAP FOUNDATION 1621 JUANITA LANE TIBURON CA 94920 201402909 SUPPORT AND OPERATE PROGRAMS OF RSF CA 501(C)(3) LINE 12A, I RSF SOCIAL FINANCE INC 0 RSF CAPITAL MANAGEMENT PBC PO BOX 2007 SAN FRANCISCO CA 94126 263080292 MANAGING FOR-PROFIT ACTIVITIES ON BEHALF OF RSF DE N/A C 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1