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Finance Fund Capital Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 743033288 ✦ Columbus, OH ✦ Designated as a 501(c)(3)

Overview

What is Finance Fund Capital Corporation?

Finance Fund Capital Corporation, based in Columbus, Ohio, serves as a nonprofit organization that fosters public-private partnerships by offering various loan funds. Their mission is to support economic development and job creation in low-income communities. This is achieved through flexible financing options, such as the Small Business Loan Fund, Community Health Loan Fund, Healthy Foods, and SBA Community Advantage Loan Programs. By collaborating with financial institutions, investors, charitable foundations, community organizations, and government entities, Finance Fund Capital Corporation provides accessible capital, ultimately promoting growth in underprivileged areas. Their borrowers encompass community-based nonprofit organizations and for-profit businesses.


Official website here: www.financefund.org

Is Finance Fund Capital Corporation legitimate?

Finance Fund Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finance Fund Capital Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.financefund.org

What is the mission statement of Finance Fund Capital Corporation?

Finance Fund Capital Corporation, as a nonprofit Community Development Financial Institution (CDFI), operates with a mission to facilitate access to capital for the purpose of promoting development in low-income communities. They achieve this by forming collaborative partnerships with various entities, including financial institutions, investors, charitable foundations, community organizations, and governmental bodies at the federal, state, and local levels. These partnerships provide flexible financing that supports economic development and job creation within these communities. The borrowers of Finance Fund Capital Corporation primarily consist of community-based nonprofit organizations and for-profit businesses.


Official website here: www.financefund.org

Who is the CEO of Finance Fund Capital Corporation?

Matt Frank is the Chair of Finance Fund Capital Corporation. The CEO's salary of Finance Fund Capital Corporation is $0 and their total compensation is $454,992.


Official website here: www.financefund.org

What is the revenue of Finance Fund Capital Corporation?

Finance Fund Capital Corporation's revenue in 2022 was $4,625,312.


Official website here: www.financefund.org

Who are the executives of Finance Fund Capital Corporation and what are their salaries?

Here are 14 key members and their salaries (Finance Fund Capital Corporation's CEO's salary is $0 and their total compensation is $454,992):

    Diana Turoff (President And Ceo) [Trustee/Director]
  • Compensation: $0
  • Related: $449,992
  • Other: $5,000

    • Jeff Mohrman (Evp Real Estate)
  • Compensation: $0
  • Related: $407,256
  • Other: $5,000

    • Andrew Swary (Evp, General Counsel)
  • Compensation: $0
  • Related: $319,744
  • Other: $5,000

    • Matt Frank (Chief Financial Officer)
  • Compensation: $0
  • Related: $286,512
  • Other: $5,000

    • Jerry Katz (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ryan Miller (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phillip Smith (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Burke Rivers (Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • D R Gossett (Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carole Grimes (Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Kiger (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randy Runyon (Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Winston (Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Heitkamp (Board Of Directors)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.financefund.org

    Where can I find the form 990 for Finance Fund Capital Corporation?

    The Finance Fund Capital Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.financefund.org

    Learn more at the official website: www.financefund.org

    Mission Statement of Finance Fund Capital Corporation

    Finance Fund Capital Corporation, as a nonprofit Community Development Financial Institution (CDFI), works towards forming collaborative partnerships with various entities, including financial institutions, investors, charitable foundations, community organizations, and government bodies at both the federal, state, and local levels. The primary aim of this organization is to provide flexible financing that supports economic development and job creation in low-income communities. By doing so, Finance Fund Capital Corporation extends its financial support to community-based nonprofit organizations and for-profit businesses, thereby promoting development in underserved areas. The corporation's mission is to bridge the financing gap and create opportunities for growth in these communities, ultimately contributing to their overall socio-economic upliftment.

    Impact

    This information is meant to be a general summary of Finance Fund Capital Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Finance Fund Capital Corporation's impact lies in its mission to provide access to capital in low-income communities, thereby promoting development, economic growth, and job creation. By offering a variety of loan funds and programs such as the Small Business Loan Fund, Community Health Loan Fund, Healthy Foods programs, and SBA Community Advantage Loan Program, Finance Fund Capital Corporation facilitates public-private partnerships to support initiatives that benefit these underserved areas.

    Through its work as a Community Development Financial Institution (CDFI), Finance Fund Capital Corporation collaborates with various stakeholders including financial institutions, investors, charitable foundations, community organizations, and government entities at all levels to provide flexible financing solutions. This approach helps empower community-based organizations and for-profit businesses in low-income communities to thrive and contribute to the overall economic well-being of these areas.

    In summary, Finance Fund Capital Corporation's impact is evident in its efforts to bridge financial gaps, foster sustainable growth, and create opportunities for individuals and businesses in marginalized communities, ultimately promoting positive change and progress in these areas.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $21,380
  • Program Service Revenue: $2,401,432
  • Gross Receipts: $4,625,312

    • Assets and Liabilities:
  • Total Assets: $63,622,826
  • Total Liabilities: $41,478,307
  • Net Assets: $22,144,519
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INTEREST INCOME

    Revenue

    $2,233,942

    PROGRAM INCOME

    Revenue

    $167,490

    Organization Details

    Founding Year

    2014

    Principal Officer

    Matt Frank

    Main Address

    366 E BROAD ST 101, COLUMBUS, OH, 43215

    NTEE Category

    Code: T30 - Philanthropy

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