EIN 74-2814572

PeopleFund

IRS 501(c) type
501(c)(3)
Num. employees
76
City
State
Year formed
1994
Most recent tax filings
2023-12-01
Description
PeopleFund creates economic opportunity and financial stability for underserved people and communities by providing access to capital, education, and resources to build healthy small businesses. The 501(c)(3) nonprofit corporation promotes economic vitality and opportunity in low income communities by offering financial services and technical assistance that will create jobs, provide needed goods and services, improve local economies, and strengthen community development.
Total revenues
$11,176,295
2023
Total expenses
$11,205,653
2023
Total assets
$75,269,243
2023
Num. employees
76
2023

Program areas at PeopleFund

Peoplefund is a 501(c)(3) nonprofit corporation whose mission is to promote economic vitality and opportunity in low income communities by providing financial services and technical assistance that will: create jobs, provide needed goods and services, improve the physical environment, promote diversity, entrepreneurial success, and build individual and community assets. Peoplefund provides financing and comprehensive technical assistance services to businesses, community organizations, and microenterprises in lower income communities throughout Texas.

Grants made by PeopleFund

GranteeGrant descriptionAmount
Access To Capital for EntrepreneursSupport Lending and Education Services To Underserved Small Businesses$300,000
Economic and Community Development Institute (ECDI)Support Lending and Education Services To Underserved Small Businesses$215,175
Black Business Investment FundSupport Lending and Education Services To Underserved Small Businesses$140,000
...and 4 more grants made

Who funds PeopleFund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Truist FoundationGeneral Operating$2,500,000
Regions FoundationGeneral Support$120,000
The Bank of America Charitable FoundationProgram/operating Support$100,000
...and 4 more grants received

Personnel at PeopleFund

NameTitleCompensation
Gustavo LasalaPresident and Chief Executive Officer$262,243
Anthony HedgerChief Financial Officer$208,367
Jennifer PalecekSenior Vice President of Philanthropic Partnerships$167,125
Patricia Colomo BarayDirector , Portfolio Risk
Theresa WilsonSenior Director Human Resources$116,445
...and 19 more key personnel

Financials for PeopleFund

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,823,515
Program services$5,902,605
Investment income and dividends$486,374
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$72,789
Net gain from sale of non-inventory assets$-108,988
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$11,176,295

Form 990s for PeopleFund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-08990View PDF
2022-122023-05-15990View PDF
2021-122022-07-22990View PDF
2020-122021-06-15990View PDF
2019-122021-01-27990View PDF
...and 10 more Form 990s
Data update history
August 31, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 30, 2024
Updated personnel
Identified 7 new personnel
August 26, 2024
Used new vendors
Identified 2 new vendors, including , and
July 14, 2024
Received grants
Identified 6 new grant, including a grant for $2,500,000 from Truist Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
Address
2921 E 17th St Building D 1
Austin, TX 78702
Metro area
Austin-Round Rock-Georgetown, TX
County
Travis County, TX
Website URL
peoplefund.org/ 
Phone
(888) 222-0017
IRS details
EIN
74-2814572
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1994
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
Independent
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