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Community Development : Housing and Neighborhood Development

LiftFund

Dream it. Fund it.

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Impact Information is available from our partner, GuideStar

three stars

87.74

2007 W Martin Street San Antonio, TX 78207
tel: (888) 215-2373   Web Site
EIN: 74-2712770

Board Leadership
Jim Adams
Chairman

CEO
Janie Barrera
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 87.74 three stars
  Financial 83.14 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 10/01/2019 and includes data from FY2018, the most recent 990 received at that time.

The Mission of LiftFund is to provide credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources and to provide leadership and innovation to the microlending industry. LiftFund is a designated community development financial institution, or CDFI. CDFIs are working in neighborhoods across the United States to provide affordable, responsible credit, create and sustain jobs, and to stabilize communities. CDFIs finance community businesses, including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing.

The Mission of LiftFund is to provide credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources and to provide leadership and innovation to the microlending industry. LiftFund is a designated community development financial institution, or CDFI. CDFIs are working in neighborhoods across the United States to provide affordable, responsible credit, create and sustain jobs, and to stabilize communities. CDFIs finance community businesses, including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing.

Impact Information

GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact.  GuideStar has recognized this organization with a Platinum Seal of Transparency for voluntarily and publicly sharing information about how they measure their progress and results.  Learn More about Impact Information.
Reported Results
Showing 3 of 6
Total in 2018
Number of loans issued to clients
1,141
Total dollar amount of loans issued
32,398,100
Number of job skills training courses/workshops conducted
107
Number of jobs created and maintained
5,701
Number of financial literacy courses conducted
107
Number of clients served
5,821
This impact information is current as of September 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

83.14

Accountability & Transparency

four stars

96.00

This rating was published 10/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
89.9%
  Administrative Expenses 4.8%
  Fundraising Expenses 5.1%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 0.81
  Program Expenses Growth 5.6%
  Liabilities to Assets 79.8%
All data for Financial Performance Metrics calculations was provided by LiftFund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by LiftFund on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
LiftFund (TX) 87.74 three stars
Foundation for Financial Planning (DC) 96.23 four stars
Hebrew Free Loan of Metropolitan Detroit (MI) 89.19 three stars
Tides Center (CA) 96.50 four stars
EARN, Inc. (CA) 91.23 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,636,042
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $3,230,484
Total Contributions $6,866,526
   Program Service Revenue $10,776,171
Total Primary Revenue $17,642,697
   Other Revenue $1,066,331
TOTAL REVENUE $18,709,028
   
EXPENSES  
   Program Expenses $16,704,732
   Administrative Expenses $560,938
   Fundraising Expenses $1,156,141
TOTAL FUNCTIONAL EXPENSES $18,421,811
   
Payments to Affiliates $0
Excess (or Deficit) for the year $287,217
   
Net Assets $14,559,483

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Credit to Small Businesses $16,704,732 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 10/01/2019 87.74 three stars
2017-12 12/01/2018 91.10 four stars
2016-12 02/01/2018 92.38 four stars
2015-12 04/01/2017 92.38 four stars
2015-12 02/01/2017 89.48 three stars
2014-12 06/01/2016 90.58 four stars
 
CN 2.0
2014-12 12/01/2015 91.77 four stars
2013-12 06/01/2015 92.15 four stars
2012-12 02/01/2014 94.88 four stars
2011-12 04/01/2013 94.94 four stars
2010-12 07/01/2012 99.01 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 74-2712770
Name in IRS Master File LIFTFUND INC
NTEE Code S43
NTEE Classification Management Services for Small Business, Entrepreneurs
NTEE Type Community Improvement, Capacity Building
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (995) Described in section 509(a)(2) of the Code
(405) Loans or grants for minority businesses
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1994
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$190,752 1.03% Janie Barrera President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
LiftFund (TX) 87.74 three stars
Women's Business Development Center (IL) 93.39 four stars
Opportunity Fund Community Development (CA) 90.13 four stars
DreamSpring (NM) 94.69 four stars
Foundation for Financial Planning (DC) 96.23 four stars

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Charity Contact Info

LiftFund
2007 W Martin Street
San Antonio, TX 78207
tel: (888) 215-2373
fax: (210) 533-2940
EIN: 74-2712770

Visit Web Site

Board Leadership

Jim Adams
Chairman

CEO

Janie Barrera
President & CEO

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