Overview
What is Inclusiv Inc?
Inclusiv Inc, based in New York City, is a dedicated nonprofit organization that supports financial independence for low- and moderate-income individuals and communities through credit unions. Their mission involves providing capital to member Credit Development Credit Unions (CDCUs) through uninsured subordinated debt loans and insured non-member deposits. With a team of 34 employees, Inclusiv aims to strengthen the financial capabilities of those they serve.
Official website here: www.inclusiv.org
Is Inclusiv Inc legitimate?
Inclusiv Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inclusiv Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $727,417
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,747,618
For more financial information, click here
Official website here: www.inclusiv.org
What is the mission statement of Inclusiv Inc?
Inclusiv Inc is an organization dedicated to assisting low- and moderate-income individuals and communities in their journey toward financial independence. This is accomplished through the medium of credit unions. The mission of Inclusiv is to provide essential capital to member Community Development Credit Unions (CDCUs) via uninsured subordinated debt loans and insured non-member deposits. By doing so, Inclusiv empowers these credit unions to expand their reach and services, ultimately enabling more people to gain access to financial resources and opportunities. Through the provision of capital, Inclusiv contributes to the economic wellbeing and upward mobility of underserved communities.
Official website here: www.inclusiv.org
Who is the CEO of Inclusiv Inc?
Eben Sheaffer is the Recording Secretary (Outgoing) of Inclusiv Inc. The CEO's salary of Inclusiv Inc is $275,471 and their total compensation is $299,437.
Official website here: www.inclusiv.org
What is the revenue of Inclusiv Inc?
Who are the executives of Inclusiv Inc and what are their salaries?
The average compensation at Inclusiv Inc during 2022 was $102,207. There are 34 employees and 14 volunteers at Inclusiv Inc.
Here are 26 key members and their salaries (Inclusiv Inc's CEO's salary is $275,471 and their total compensation is $299,437):
- Cathleen Mahon (President/Ceo)
- Eben Sheaffer (Cfo/Cio)
- Pablo Defilippi (Svp Network Development)
- Pamela Owens (Vice President)
- Ann D Solomon (Sr Vp Strategic Initiative)
- Pavan Makhija (Controller)
- Neda Arabshahi (Vp Resiliency & Clean Energy)
- Andrea Lally (Dir. Of Credit Union Op)
- Angela Morrison (Recording Secretary (Outgoing)) [Trustee/Director]
- Aurelio Arroya Gonzalez (Director)
- Blanche L Jackson (Treasurer) [Trustee/Director]
- Brenda Dominquez (Treasurer (Outgoing)) [Trustee/Director]
- Ed Sivak (Corresp. Secretary) [Trustee/Director]
- Eddie Alicea (Corresp. Secretary (Outgoing)) [Trustee/Director]
- Hank Hubbard (Director)
- Jack Lawson (Director)
- Jacqueline Moore (Director)
- James Hunter (Director)
- Kathy Chartier (Director)
- Luis Pastor (Director)
- Michele Franqui Baquero (Director)
- Nereida Seda Vargas (Director)
- Paul Woodruff (Director)
- Richard Romero (Chairman) [Trustee/Director]
- Robin Romano (Vice Chairman) [Trustee/Director]
- Shasta Leininger (Director (Outgoing))
Official website here: www.inclusiv.org
Where can I find the form 990 for Inclusiv Inc?
The Inclusiv Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.inclusiv.org
Learn more at the official website: www.inclusiv.org
Mission Statement of Inclusiv Inc
Inclusiv Inc, a mission-driven organization, strives to help low- and moderate-income individuals and communities attain financial independence through the power of credit unions. This not-for-profit entity believes that credit unions can be a catalyst for positive change, enabling people to take control of their financial lives and build a better future.
Inclusiv's primary focus is on providing capital to member credit unions through uninsured subordinated debt loans and insured non-member deposits. This strategic approach empowers credit unions to expand their reach and services, particularly in underserved communities, ensuring that more people have access to essential financial products and services. By partnering with credit unions, Inclusiv is able to amplify its impact and make a real difference in the lives of those it aims to serve.
Inclusiv's work is crucial in bridging the financial gap for millions of people who may otherwise be left behind. By offering capital solutions to credit unions, Inclusiv enables them to offer loans, savings accounts, and other financial services to those who may not have had access to them before. This, in turn, helps individuals and families build a stronger financial foundation, ultimately leading to increased stability and independence.
In summary, Inclusiv Inc is a pioneering organization that is dedicated to empowering low- and moderate-income people and communities to achieve financial independence through credit unions. By providing capital to credit unions, Inclusiv is able to expand their reach and services, making essential financial products and services more accessible to those who need them most.
Impact
This information is meant to be a general summary of Inclusiv Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Inclusiv Inc's impact lies in its unwavering commitment to empowering low- and moderate-income individuals and communities to achieve financial independence through credit unions. By providing capital to member CDCUs through uninsured subordinated debt loans and insured non-member deposits, Inclusiv plays a vital role in fostering economic stability and growth in underserved areas. Through their initiatives, they help bridge the financial gap and create opportunities for those who are often marginalized in traditional banking systems. Inclusiv's work embodies the essence of public benefit, catalyzing positive change and fostering inclusive financial ecosystems for all.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$2,919,662
MEMBERSHIP DUES
Revenue
$1,428,925
CONFERENCE FEES
Revenue
$388,729
PUBLICATIONS
Revenue
$134,633
CONTRACT SERVICE
Revenue
$74,990
Organization Details
Founding Year
1974
Phone
(212) 809-1850
Principal Officer
Eben Sheaffer
Main Address
39 BROADWAY SUITE 2140, NEW YORK, NY, 10006
Website
www.inclusiv.org
NTEE Category
Code: W020 - Public benefit
If you are a representative of Inclusiv Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.