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EIN 45-3686069

IRC's Center for Economic Opportunity

IRS 501(c) type
501(c)(3)
Num. employees
8
City
San Diego
State
California
Year formed
2011
Most recent tax filings
2023-09-01
NTEE code, primary
R20: Civil Rights, Advocacy for Specific Groups
Description
IRC's Center for Economic Opportunity aims to provide small business loans and microfinancing to victims of oppression and persecution without regard to the race, nationality or religion of the beneficiaries. It seeks to responsibly deploy capital to underserved, credit-thin refugee and immigrant communities through trusted community partners that also offer credit education and related asset-building services. In fiscal year 2022, ceo realized significant growth.
Related structure
IRC's Center for Economic Opportunity is a subordinate organization under International Rescue Committee (IRC).
Total revenues
$6,039,414
2023
Total expenses
$1,353,615
2023
Total assets
$18,295,231
2023
Num. employees
8
2023

Program areas at IRC's Center for Economic Opportunity

Ceo seeks to responsibly deploy capital to underserved, credit-thin refugee and immigrant communities through trusted community partners that also offer credit education and related asset-building services. In fiscal year 2023, ceo realized significant growth in every facet of our operation - including across all products and lines of business. The organization closed over 2,200 loans totaling more than $10 million financed almost exlucisvely to low-income individuals rferred to us through our network of partners.

Who funds IRC's Center for Economic Opportunity

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$2,000,500
International Rescue Committee (IRC)Refugee Programs$386,754
Marty and Dorothy Silverman FoundationGeneral Donation$250,000
...and 3 more grants received

Personnel at IRC's Center for Economic Opportunity

NameTitleCompensation
Kasra MovahediExecutive Director$135,712
Megan HershiserDirector Development and External Relations
Joshua GearyCeo's Communications Manager , Developing and Executing Communication Plans
Terrence ChanInformation Systems Manager
Iryna KryvnyukhOrigination and Servicing Manager
...and 8 more key personnel

Financials for IRC's Center for Economic Opportunity

RevenuesFYE 09/2023
Total grants, contributions, etc.$4,973,077
Program services$818,017
Investment income and dividends$36,978
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$211,342
Total revenues$6,039,414

Form 990s for IRC's Center for Economic Opportunity

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-15990View PDF
2022-092023-08-15990View PDF
2021-092022-08-15990View PDF
2020-092021-08-16990View PDF
2019-092020-10-22990View PDF
...and 6 more Form 990s
Data update history
September 30, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 24, 2024
Updated personnel
Identified 1 new personnel
August 28, 2024
Updated personnel
Identified 4 new personnel
July 12, 2024
Received grants
Identified 2 new grant, including a grant for $250,000 from Marty and Dorothy Silverman Foundation
October 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Human rights organizationsCivil rights and social justice organizationsEthnic centersChapter / child organizationsCharities
Issues
Human servicesHuman rightsImmigration
Characteristics
National levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
PO Box 152188
San Diego, CA 92195
Metro area
San Diego-Chula Vista-Carlsbad, CA
County
San Diego County, CA
Website URL
irc-ceo.org/ 
Phone
(619) 663-4186
IRS details
EIN
45-3686069
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
R20: Civil Rights, Advocacy for Specific Groups
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0245073
FTB Entity ID
3527026
AB 488 data last updated ("as-of") date
2024-12-18
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