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Nonprofit Finance Fund
Nonprofit Finance Fund reported $31.8 million in revenue and $27.7 million in expenses for calendar year 2024. Of every $100 it spent, $73.76 went to program services, $21.48 to management and general costs and $4.76 to fundraising. Its largest source of revenue was contributions and grants: 51.6% of the total. Government grants made up 13.2%. The highest compensation it reported for one person was $456,750 (CEO). 9 people received more than $100,000 in reportable compensation. Revenue rose 41% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $28MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $32MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 73.8% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 21.5% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.8% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 51.6% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 13.2% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 45.4% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $456,750 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.65% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 9 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 36.5 | 9.2 |
| Independent voting board members Part VI 1a–1b | 15 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseNff is a nonprofit lender, consultant, and advocate. For 45 years, we've helped organizations access the money and resources they need to realize their communities' aspirations. Alongside others, we're working to build community wealth and well-being and put affordable housing, essential services, quality jobs, and excellent education within reach of more people. As a community development financial institution (cdfi) nff manages a portfolio of over $351 million. Since 1980, we have provided over $1.2 billion in financing and access to additional capital in support of over $4.1 billion in…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Director/trustee, officer, 50.00 hrs/week | $414,056 | $0 | $42,694 | $456,750 |
| CHIEF OF CLIENT SERVICES Key employee, 50.00 hrs/week | $272,852 | $0 | $49,886 | $322,738 |
| CHIEF OPERATING OFFICER Key employee, 50.00 hrs/week | $292,289 | $0 | $25,616 | $317,905 |
| VP, MARKETING & COMMUNICATIONS Highest compensated employee, 50.00 hrs/week | $237,151 | $0 | $64,280 | $301,431 |
| VP, (FINANCING) Highest compensated employee, 50.00 hrs/week | $206,526 | $0 | $52,993 | $259,519 |
| CHIEF OF STAFF Highest compensated employee, 50.00 hrs/week | $200,472 | $0 | $56,644 | $257,116 |
| CFO (THRU 11/15/24) Officer, 50.00 hrs/week | $236,150 | $0 | $9,607 | $245,757 |
| VP, INVESTOR RELATIONS Highest compensated employee, 50.00 hrs/week | $203,445 | $0 | $38,756 | $242,201 |
9 people received more than $100,000 in reportable compensation from Nonprofit Finance Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5112
- Volunteers Part I, line 616
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| COHNREZNICK LLP Tax preparations and audit of finanical | $115,465 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
15 private foundations reported grants to Nonprofit Finance Fund totaling $4.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Nonprofit Finance Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Nonprofit Finance Fund, you can publish a response that is linked from this page.
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Of every $100 Nonprofit Finance Fund spent in 2024, $73.76 went to programs. The full breakdown, from its IRS Form 990:
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All community improvement & capacity building charities · Largest charities in New York
Questions people ask
How much of Nonprofit Finance Fund's spending goes to programs?
In calendar year 2024, Nonprofit Finance Fund reported that 73.8% of its $27.7 million in expenses went to program services, 21.5% to management and general and 4.8% to fundraising (Form 990, Part IX).
How much does Nonprofit Finance Fund pay its top executive?
The largest total compensation Nonprofit Finance Fund reported for one person in calendar year 2024 was $456,750, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Nonprofit Finance Fund get its money?
Of $31.8 million in revenue in calendar year 2024, 51.6% came from contributions and grants (including 13.2% from government grants) and 45.4% from program service revenue (Form 990, Part VIII).
Is Nonprofit Finance Fund a registered charity?
The IRS lists EIN 13-3238657 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503219349306455 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403209349301030 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333059349303258 · read the filing
- 2021: Form 990 for calendar year 2021, object 202222949349301347 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102879349302080 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003009349301725 · read the filing
All filings for EIN 13-3238657: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.