Pennsylvania Cdfi Network

The Pennsylvania CDFI Network, based in Philadelphia, is a charitable organization dedicated to providing essential financial assistance and advice to federally-certified Community Development Financial Institutions (CDFIs). In 2020, they successfully distributed over 249 million dollars in CARES Act funding to small businesses across the state. This initiative reached approximately 14,530 businesses, with a significant portion going to those owned by people of color and low-to-moderate income individuals. Additionally, they granted 25 million dollars to CDFIs and 5.7 million dollars to black-owned minority vendors, contributing to impactful programs. The Network's mission is exclusively focused on charitable and educational purposes. With a workforce of just two individuals, they play a crucial role in supporting the financial needs of CDFIs in Pennsylvania.

Pennsylvania Cdfi Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania Cdfi Network 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: $122,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,987

For more financial information, click here

The Pennsylvania CDFI Network is a charitable and educational organization dedicated to providing information, advice, and financial assistance to federally-certified institutions. In 2020, the network was tasked with distributing CARES Act funding to small businesses across the state. Through this initiative, 14,530 small businesses received recovery grants, with a significant portion going to businesses owned by people of color and low-to-moderate income business owners. The network also distributed grants to Community Development Financial Institutions (CDFIs) and black-owned minority vendors, helping to deliver essential programs. The Pennsylvania CDFI Network's mission is exclusively geared towards charitable and educational purposes that bolster the financial wellbeing of small businesses, particularly those that face economic disadvantages.

Leslie Benoliel is the Treasurer of Pennsylvania Cdfi Network.

Pennsylvania Cdfi Network's revenue in 2022 was $13,231,920.

The average compensation at Pennsylvania Cdfi Network during 2022 was $79,794. There are 2 employees and 6 volunteers at Pennsylvania Cdfi Network.

Here are 7 key members and their salaries:

The Pennsylvania Cdfi Network’s most recent form 990 was submitted in 2022 and can be accessed here