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Ripple Effect Entrepreneurs Fund Inc Dba Reef

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

EIN: 831688000 ✦ Lakewood, NJ ✦ Designated as a 501(c)(3)

Overview

What is Ripple Effect Entrepreneurs Fund Inc Dba Reef?

Ripple Effect Entrepreneurs Fund Inc, operating under the name Reef, is a nonprofit organization situated in Lakewood, New Jersey. Established with a goal to foster community development, Reef offers financial and technical aid to entrepreneurs and low-income individuals. The organization's mission is to empower underserved communities by providing loans and expert guidance, enabling them to establish and expand their businesses sustainably. Reef's operations contribute to economic growth and upliftment in the areas they serve.


Is Ripple Effect Entrepreneurs Fund Inc Dba Reef legitimate?

Ripple Effect Entrepreneurs Fund Inc Dba Reef is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ripple Effect Entrepreneurs Fund Inc Dba Reef 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


What is the mission statement of Ripple Effect Entrepreneurs Fund Inc Dba Reef?
Who is the CEO of Ripple Effect Entrepreneurs Fund Inc Dba Reef?
What is the revenue of Ripple Effect Entrepreneurs Fund Inc Dba Reef?
Who are the executives of Ripple Effect Entrepreneurs Fund Inc Dba Reef and what are their salaries?
Where can I find the form 990 for Ripple Effect Entrepreneurs Fund Inc Dba Reef?

Mission Statement of Ripple Effect Entrepreneurs Fund Inc Dba Reef

Ripple Effect Entrepreneurs Fund Inc Dba Reef, a non-profit organization, is dedicated to promoting community economic development among underserved individuals and communities. The mission of Ripple Effect Entrepreneurs Fund is centered around providing essential financial and technical assistance to borrowers and low-income individuals. This assistance aids in the creation and growth of sustainable businesses, empowering these individuals to contribute positively to their communities. By offering loans and expert guidance, Ripple Effect Entrepreneurs Fund Inc Dba Reef seeks to foster economic growth and improve the livelihoods of those who are often overlooked.

Impact

This information is meant to be a general summary of Ripple Effect Entrepreneurs Fund Inc Dba Reef. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Ripple Effect Entrepreneurs Fund Inc Dba Reef's impact is seen through the empowerment of underserved individuals and communities by providing them with the financial and technical assistance needed to create and grow sustainable businesses. Through their loans and support, REEF is able to contribute to community economic development, ultimately leading to positive changes in the lives of those they serve. Their work directly improves the livelihoods of individuals and fosters community improvement.





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: $0
  • Program Service Revenue: $0
  • Gross Receipts: $729,000

    • Assets and Liabilities:
  • Total Assets: $1,999,799
  • Total Liabilities: $11
  • Net Assets: $1,999,788
  • Organization Details

    Founding Year

    2018

    Principal Officer

    Eliyahu Fried

    Main Address

    1750 Cedarbridge Ave 3, Lakewood, NJ, 08701

    NTEE Category

    Code: S30 - Community improvement

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