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EIN 86-3988949

Locus

IRS 501(c) type
501(c)(3)
Num. employees
105
City
Richmond
State
Virginia
Year formed
2021
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
VCC Social Enterprises offers innovative and flexible financial products that support housing and community development ventures, increase jobs, and build sustainable communities. They provide loan capital that is broader than bank lending to projects. They also aid community and economic development initiatives by investing in social enterprises that provide capital and technical assistance to early-stage for-profit and nonprofit business organizations and communities.
Related structure
Locus is a subordinate organization under Locus Impact Fund.
Also known as...
VCC Social Enterprises
Total revenues
$12,113,077
2023
Total expenses
$225,818
2023
Total assets
$116,076,941
2023
Num. employees
105
2023

Program areas at Locus

To aide community and economic development initiatives, either directly or through investments in social enterprises that provide loans, loan guarantees, other forms of debt or equity financing for early stage for-profit and non-profit business organizations, impact asset servicing services and grants. Additionally, this organization and its social enterprise subsidiaries may provide technical assistance to business owners, community organizations, clients and managers in the effective operation of their enterprise.

Personnel at Locus

NameTitleCompensation
Amir KirkwoodPresident and Chief Executive Officer$0
Mr. Cornett ServedChief Financial Officer and Chief Operating Officer
Clyde CornettExecutive Vice President, Chief Financial Officer$0
Peter TaylorSenior Vice President, Chief Information Officer
Libba McKinsleyChief of Staff$0
...and 21 more key personnel

Financials for Locus

RevenuesFYE 12/2023
Total grants, contributions, etc.$12,000,000
Program services$0
Investment income and dividends$113,077
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$0
Total revenues$12,113,077

Form 990s for Locus

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
Data update history
February 22, 2024
Updated personnel
Identified 20 new personnel
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 6, 2024
Updated personnel
Identified 2 new personnel
July 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 3, 2023
Updated personnel
Identified 20 new personnel
Nonprofit Types
Business and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
7814 Carousel LN Suite 100
Richmond, VA 23294
Metro area
Richmond, VA
County
Henrico County, VA
Website URL
locusimpact.org/ 
Phone
(540) 260-3126
IRS details
EIN
86-3988949
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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