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EIN 59-3814814

TruFund Financial services

IRS 501(c) type
501(c)(3)
Num. employees
73
City
New York
State
New York
Year formed
2005
Most recent tax filings
2023-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
TruFund Financial Services promotes economic development by providing affordable capital and support to disadvantaged small businesses and communities, fostering growth and resilience.
Total revenues
$12,004,522
2023
20172018201920222023$0$10m$20m
Total expenses
$10,579,239
2023
20172018201920222023$5m$9m
Total assets
$51,843,427
2023
20172018201920222023$10m$30m$50m
Num. employees
73
2023
2017201820192022202304080

Program areas at TruFund Financial services

Small business lending - a principal component of Trufund's mission is to serve minority and women owned business enterprises and small businesses located within a low-or moderate income community, as they represent historically economically disadvantaged populations and those traditionally disconnected from mainstream Financial institutions. For more information - see schedule o.

Who funds TruFund Financial services

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NOLA Business AllianceDevelopment$60,000
Community Reinvestment Fund (CRF)Operating Support$18,750

Personnel at TruFund Financial services

NameTitleCompensation
James H. BasonPresident and Chief Executive Officer$389,084
Stephanie Kabore TurquinChief Financial Officer
Pia LongariniVice President - Compliance Manager
Amanda DeVaul Fetters, PhD.Vice President - Impact Measurement and Program Evaluation
Brianna GaviganVice President | Manager Resource Development
...and 28 more key personnel

Financials for TruFund Financial services

RevenuesFYE 12/2023
Total grants, contributions, etc.$8,000,690
Program services$3,057,490
Investment income and dividends$454,588
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$491,754
Total revenues$12,004,522

Form 990s for TruFund Financial services

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-14990View PDF
2019-122021-02-26990View PDF
2018-122020-01-24990View PDF
2017-122019-02-21990View PDF
...and 8 more Form 990s

Organizations like TruFund Financial services

OrganizationLocationRevenue
Access To Capital for EntrepreneursCleveland, GA$26,987,407
AccessitySan Diego, CA$6,158,404
Entrepreneur FundDuluth, MN$12,753,094
AscendusNew York, NY$10,641,559
Mountain BizworksAsheville, NC$6,406,300
First American Capital CorporationHales Corners, WI$3,163,251
CLIMB FundCharleston, SC$5,137,686
Chi IshobakDowagiac, MI$4,106,888
Accion Opportunity Fund Community DevelopmentSan Jose, CA$50,501,448
Craft3Astoria, OR$32,060,164
Data update history
February 14, 2025
Updated personnel
Identified 1 new personnel
January 27, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 9, 2025
Updated personnel
Identified 11 new personnel
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $18,750 from Community Reinvestment Fund (CRF)
April 23, 2024
Updated personnel
Identified 11 new personnel
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
Economic developmentBusiness and industry
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
Address
39 W 37th St 7th Floor
New York, NY 10018
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
trufund.org/ 
Phone
(212) 204-1328
IRS details
EIN
59-3814814
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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