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EIN 23-2920364

Pennsylvania Cdfi Network

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Philadelphia
State
Pennsylvania
Year formed
1997
Most recent tax filings
2023-06-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Pennsylvania CDFI Network: Philadelphia-based community improvement and capacity building organization, led by Leslie Benoliel, with $13.2M total revenues last year.
Also known as...
Pennsylvania Microenterprise Coalition
Total revenues
$17,412,624
2023
Total expenses
$17,336,132
2023
Total assets
$1,280,928
2023
Num. employees
3
2023

Program areas at Pennsylvania Cdfi Network

The pa Cdfi Network collaborates on regional and statewide initiatives to support small businesses. It has the capacity to engage with large-scale funders, allowing for the deployment of more resources to a wider range of business owners than any one Cdfi can serve. In 2020-2021, the Network obtained 249 million from cares act resources to manage state and county-based programs and delivered the keep your doors open program. As a result, 14,500 small businesses received recovery grants and 57% of the funds went to businesses owned by people of color. (continued on schedule o)

Grants made by Pennsylvania Cdfi Network

GranteeGrant descriptionAmount
Community First FundTech Assist Ssbci$5,813,694
Bridgeway CapitalTech Assist Ssbci$4,025,406
PIDC-Community CapitalTech Assist Ssbci$1,985,000
...and 8 more grants made

Who funds Pennsylvania Cdfi Network

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Bank of America Charitable FoundationProgram/operating Support$125,000
The Bank of America Charitable FoundationProgram/operating Support$125,000
Fulton Forward FoundationEconomic Empowerment$50,000
...and 1 more grant received

Personnel at Pennsylvania Cdfi Network

NameTitleCompensation
David KahleyPresident and Chief Executive Officer of the Progress Fund.$0
Leslie BenolielPresident and Chief Executive Officer of$0
Varsovia FernandezChief Executive Officer$164,780
Michele ClapperExecutive Director of the Jari Growth Fund.
Chris HudockSecretary$0
...and 4 more key personnel

Financials for Pennsylvania Cdfi Network

RevenuesFYE 06/2023
Total grants, contributions, etc.$17,197,243
Program services$0
Investment income and dividends$215,381
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$17,412,624

Form 990s for Pennsylvania Cdfi Network

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-15990View PDF
2021-062022-05-13990View PDF
Data update history
July 24, 2024
Updated personnel
Identified 2 new personnel
July 18, 2024
Used new vendors
Identified 2 new vendors, including , and
July 10, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from Fulton Forward Foundation
December 24, 2023
Received grants
Identified 4 new grant, including a grant for $125,000 from The Bank of America Charitable Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
50 S 16th St 17th Floor
Philadelphia, PA 19102
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Website URL
pacdfinetwork.org/ 
IRS details
EIN
23-2920364
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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