Nonprofits›Opportunity Finance Network

Public & Societal Benefit

Opportunity Finance Network

PHILADELPHIA, PA

WebsiteView as a funder

Total revenue

$2.3B

Total expenses

$41.0M

Net assets

$2.4B

Grants received

$84.5M

63 grants

EIN

205189202

Tax year

2024

Mission

Opportunity finance network's (ofn) mission is to lead community development financial institutions (cdfis) and their partners to ensure that low-income, low-wealth, and other disinvested people and communities have access to affordable, responsible financial products and services. Ofn is a national leadership network of more than 450+cdfis, including community banks, credit unions, and loan funds. Ofn, through its members, invests in low-income and underserved rural, urban, and native american communities across all 50 states in america; providing affordable, responsible credit that finances community businesses, sparks job growth in the areas that need it most, and delivering both sound financial returns and real changes for people and communities. Ofn's program service offerings include providing financial products and services for cdfis, increasing the strength and capacity of the cdfi industry, and amplifying the voice of the industry.

Programs

3 programs

Strength: building potential for impactofn strengthens the cdfi industry by providing peer learning opportunities, research, networking platforms, and signature annual events (e.g. The ofn conference and small business finance forum) for cdfi practitioners, partners, and investors.

Expenses: $8.3M

Voice: amplifying the cdfi message and securing stakeholder supportacross multiple platforms and audiences, ofn's strategic communications and policy advocacy drive the message that cdfi investments transform communities and change lives and increases resources to cdfis.

Expenses: $2.6M

Other

Expenses: $3.0M

Financials

FY 2024

Revenue

Contributions & grants$2.3B
Program service revenue$27.6M
Investment income$4.6M
Other revenue—
Total revenue$2.3B

Expenses

Grants paid$14.8M
Salaries & benefits$10.3M
Fundraising$661K
Other expenses$15.9M
Total expenses$41.0M
Total assets$2.6B
Net assets$2.4B

People

33 listed

NameRoleCompensation

HAROLD PETTIGREW

PRESIDENT & CEO

Board

$469K

40 hrs/wk

AMBER KUCHAR BELL

EVP, CHIEF STRATEGY & OPER

Board

$347K

40 hrs/wk

BRENDON MILLER SINCE 124

EVP, CHIEF OF STAFF & HEAD OF COMMUNICATIONS

Board

$277K

40 hrs/wk

DAFINA WILLIAMS

EVP, CHIEF EXTERNAL AFFAIR

Board

$267K

40 hrs/wk

MARY WRIGHT

SVP, FINANCIAL SERVI

Board

$230K

40 hrs/wk

SHAKEYDA DANIELS

SVP, FINANCIAL SERVI

Board

$210K

40 hrs/wk

KEVIN FRYATT SINCE 624

EVP, CHIEF OPERATING OFFICER

Board

$154K

40 hrs/wk

ARLO WASHINGTON

BOARD MEMBER SINCE 10/24

Board

—

2 hrs/wk

NELLY ROJAS-MORENO

BOARD MEMBER SINCE 10/24

Board

—

2 hrs/wk

BETSY BIEMANN

BOARD VICE CHAIR UNTIL 10/24

Board

—

2 hrs/wk

ROBERT VILLARREAL

BOARD TREASURER UNTIL 10/24

Board

—

2 hrs/wk

DAVID BECK

BOARD MEMBER UNTIL 10/24

Board

—

2 hrs/wk

AISHA BENSON

BOARD MEMBER

Board

—

2 hrs/wk

MARLA BILONICK

BOARD MEMBER UNTIL 10/24

Board

—

2 hrs/wk

MARTINA EDWARDS

BOARD MEMBER

Board

—

2 hrs/wk

ELENA GONZALES

BOARD MEMBER UNTIL 10/24

Board

—

2 hrs/wk

HENRY JIMENEZ

BOARD VICE CHAIR SINCE 10/24

Board

—

2 hrs/wk

TED PICCOLO

BOARD MEMBER

Board

—

2 hrs/wk

SARA RAZAVI

BOARD MEMBER

Board

—

2 hrs/wk

CHRISTINA TRAVERS

BOARD TREASURER SINCE 10/24

Board

—

2 hrs/wk

SKYA DUCHENEAUX

BOARD MEMBER SINCE 10/24

Board

—

2 hrs/wk

JOHN HOLDSCLAW IV

BOARD MEMBER SINCE 10/24

Board

—

2 hrs/wk

ARIEL MEYERSTEIN

BOARD MEMBER SINCE 6/24

Board

—

2 hrs/wk

DONNA GAMBRELL

BOARD CHAIR UNTIL 12/24

Board

—

2 hrs/wk

SETH JULYAN

EVP, CHIEF NETWORK OFFICER

Staff

$269K

40 hrs/wk

BETH LIPSON UNTIL 324

EVP, CHIEF FINANCIAL OFFIC

Staff

$231K

40 hrs/wk

BHUMIP PATEL UNTIL 1024

SVP, ACCOUNTING & FI

Staff

$204K

40 hrs/wk

TAMARA FRYE

SVP, HUMAN RESOURCES

Staff

$201K

40 hrs/wk

LISA CHENSVOLD

SVP, STRATEGIC COMMU

Staff

$192K

40 hrs/wk

ADRIENNE SMITH

SVP, RESEARCH

Staff

$186K

40 hrs/wk

JESSEL AMIN SINCE 624

EVP, CHIEF INVESTMENT OFFICER

Staff

$175K

40 hrs/wk

SINDHU LAKSHMANAN

SVP, DEVELOPMENT SER

Staff

$175K

40 hrs/wk

MARY SCOTT BALYS

VP, PUBLIC POLICY

Staff

$160K

40 hrs/wk

Independent contractors

CIVIC INITIATIVES LLC

PROCUREMENT & COMPLIANCE

$545K

ALL AROUND CREATIVE

MARKETING SERVICES

$307K

FORSYTH STREET ADVISORS LLC

ADVISORY SERVICES

$248K

ZRG PARTNERS LLC

EXECUTIVE RECRUITING SERVICES

$191K

JENNER & BLOCK

LEGAL SERVICES

$163K

Grants received

Showing 63 of 63

FromAmountPurposeYear
AMERICAN ONLINE GIVING FOUNDATION INC
$5.0M
GENERAL SUPPORT
2024
FOCUSING PHILANTHROPY INC
$1.0M
ACCESS TO CREDIT
2024
Annie E Casey Foundation Inc
$300K
Support building capacity of CDFIs through the Finance Justice Fund
2024
TARGET FOUNDATION
$250K
ECONOMIC OPPORTUNITY - NATIONAL
2024
THE COMMUNITY FOUNDATION INC
$100K
ECONOMIC PROSPERITY
2024
THE BLACKBAUD GIVING FUND
$75K
GENERAL SUPPORT
2024
THE KRESGE FOUNDATION
$65K
PROJECT GRANT IS TO SUPPORT OPPORTUNITY FINANCE DEVELOPMENT BUILDING SUPPORT FOR MEMPHIS' COMMUNITY DEVELOPMENT SECTOR
2024
CITI FOUNDATION
$3.0M
NEXT GEN CDFI WORKFORCE PROGRAM
2023
THE WILLIAM & FLORA HEWLETT FOUNDATION
$750K
FOR CAPACITY BUILDING TO HELP DEVELOP PROGRAMS IN SUPPORT OF THE DEPLOYMENT OF FEDERAL INCENTIVES
2023
FOCUSING PHILANTHROPY INC
$750K
ACCESS TO CREDIT
2023
TIDES FOUNDATION
$345K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2023
NEW VENTURE FUND
$200K
CAPACITY BUILDING
2023
CHARITIES AID FOUNDATION AMERICA
$150K
CHARITABLE DONATION
2023
THE COMMUNITY FOUNDATION INC
$100K
ECONOMIC PROSPERITY
2023
THE KRESGE FOUNDATION
$50K
OFN IS REQUESTING SILVER-LEVEL SPONSORSHIP BY THE KRESGE FOUNDATION OF THE 2023 OFN CONFERENCE.
2023
THE GOLDMAN SACHS FOUNDATION
$50K
GRANT TO SUPPORT THE CAPACITY BUILDING OF 10,000 SMALL BUSINESSES ACCESS TO CAPITAL PARTNERS.
2023
NATIONAL PHILANTHROPIC TRUST
$25M
PUBLIC, SOCIETAL BENEFIT
2022
TIDES FOUNDATION
$10.7M
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2022
TIDES FOUNDATION
$10.7M
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2022
CITI FOUNDATION
$2.0M
NEXT GEN CDFI WORKFORCE PROGRAM
2022
FOCUSING PHILANTHROPY INC
$1.1M
ACCESS TO CREDIT
2022
The Winston-Salem Foundation
$500K
1 GRANT(S) FOR VARYING PURPOSES
2022
CHARITIES AID FOUNDATION AMERICA
$75K
CHARITABLE DONATION
2022
THE GOLDMAN SACHS FOUNDATION
$50K
GRANT TO SUPPORT THE CAPACITY BUILDING OF 10,000 SMALL BUSINESSES ACCESS TO CAPITAL PARTNERS.
2022
THE KRESGE FOUNDATION
$50K
OFN IS REQUESTING SILVER-LEVEL SPONSORSHIP BY THE KRESGE FOUNDATION OF THE 2022 OFN CONFERENCE.
2022
THE FORD FOUNDATION
$45K
CORE SUPPORT FOR OPPORTUNITY FINANCE NETWORK ANNUAL CONFERENCE, WHICH WILL CENTER AROUND THE THEME OF INVEST IN CHANGE
2022
AMERICAN ONLINE GIVING FOUNDATION INC
$37K
GENERAL SUPPORT
2022
THE BLACKBAUD GIVING FUND
$25K
GENERAL SUPPORT
2022
THE CALIFORNIA WELLNESS FOUNDATION
$5K
FOR CORE OPERATING SUPPORT TO SPONSOR THE 2022 ANNUAL CONFERENCE IN OCTOBER WHERE FOUNDATION STAFF WILL LEARN ABOUT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS), IMPACT INVESTING AND OTHER STRATEGIES TO ADVANCE HEALTH EQUITY IN CALIFORNIA.
2022
FOCUSING PHILANTHROPY INC
$2.1M
ACCESS TO CREDIT
2021
WK Kellogg Foundation
$750K
aggregate capital from corporate and philanthropic sources to provide technical assistance and grant resources to build the assets of Community Development Financial Institutions that lend into minority communities and areas of persistent poverty
2021
AMERICAN ONLINE GIVING FOUNDATION INC
$125K
GENERAL SUPPORT
2021
SURDNA FOUNDATION INC
$125K
General Support
2021
CHARITIES AID FOUNDATION AMERICA
$50K
CHARITABLE DONATION
2021
The Bank of America Charitable Foundation Inc
$25K
OPERATIONAL SUPPORT
2021
TIDES FOUNDATION
$8.3M
EQUALITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2020
WK Kellogg Foundation
$2.3M
aggregate capital from corporate and philanthropic sources to provide technical assistance and grant resources to build the assets of Community Development Financial Institutions that lend into minority communities and areas of persistent poverty
2020
MARY REYNOLDS BABCOCK FOUNDATION
$300K
UPLIFT AMERICA FUND
2020
The Bank of America Charitable Foundation Inc
$250K
GENERAL SUPPORT
2020
THE GOLDMAN SACHS FOUNDATION
$247K
GRANT TO IMPLEMENT THE 10,000 SMALL BUSINESSES INITIATIVE
2020
AMERICAN ONLINE GIVING FOUNDATION INC
$212K
GENERAL SUPPORT
2020
SURDNA FOUNDATION INC
$125K
General Support
2020
NEW VENTURE FUND
$125K
CAPACITY BUILDING
2020
The Bank of America Charitable Foundation Inc
$100K
GENERAL SUPPORT
2020
THE GOLDMAN SACHS FOUNDATION
$100K
GRANT TO SUPPORT COVID-19 RELIEF EFFORTS.
2020
Annie E Casey Foundation Inc
$100K
PROVIDE GENERAL OPERATING SUPPORT
2020
THE KRESGE FOUNDATION
$50K
TO SPONSOR THE OPPORTUNITY FINANCE NETWORK'S ANNUAL CONFERENCE TO BE HELD VIRTUALLY FROM NOVEMBER 9 - 12, 2020.
2020
The Bank of America Charitable Foundation Inc
$25K
GENERAL SUPPORT
2020
THE CALIFORNIA WELLNESS FOUNDATION
$15K
FOR CORE OPERATING SUPPORT TO SPONSOR THE 2020 VIRTUAL CONFERENCE IN NOVEMBER TO PROMOTE INVESTMENT BY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS AND OTHER INVESTORS IN RURAL AND UNDERSERVED CALIFORNIA COMMUNITIES TO ADVANCE HEALTH EQUITY.
2020
GREATER GREEN BAY COMMUNITY
$5K
PUBLIC BENEFIT & COMMUNITY IMPROVEMENT PROGRAM SUPPORT
2020
JPMORGAN CHASE FOUNDATION
$300
GENERAL OPERATING SUPPORT
2020
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$4.5M
For grant recipient's exempt purposes
2019
WK Kellogg Foundation
$250K
enable the organization to achieve its mission to lead Community Development Financial Institutions/their partners to ensure that low-income, low-wealth and other disinvested people/communities have access to affordable, responsible financial products/services by providing general operating support
2019
SURDNA FOUNDATION INC
$125K
General Support
2019
JPMORGAN CHASE FOUNDATION
$95K
IN SUPPORT OF CAPACITY BUILDING
2019
JPMORGAN CHASE FOUNDATION
$250
GENERAL OPERATING SUPPORT
2019
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$950K
For grant recipient's exempt purposes
2018
THE PRUDENTIAL FOUNDATION
$100K
INVESTING IN THE GROWTH OF AMERICA'S CDFIS INITIATIVE
2018
CAPITAL ONE FOUNDATION INC
$75K
INCREASING CDFI SB LENDING CAPACITY
2018
THE PRUDENTIAL FOUNDATION
$50K
INVESTING IN THE GROWTH OF AMERICA'S CDFIS INITIATIVE
2018
The Bank of America Charitable Foundation Inc
$25K
PROGRAM/OPERATING SUPPORT
2018
WK Kellogg Foundation
$350K
enable the organization to achieve its mission to lead Community Development Financial Institutions/their partners to ensure that low-income, low-wealth and other disinvested people/communities have access to affordable, responsible financial products/services by providing general operating support
2017
SURDNA FOUNDATION INC
$150K
General support
2017

Funded by

$84.5M from 26 funders · 63 grants · 2017–2024

Tides Foundation

$30.0M · 4 grants · 2020–2023

National Philanthropic Trust

$25M · 1 grant · 2022

Fidelity Investments Charitable Gift Fund

$5.5M · 2 grants · 2018–2019

American Online Giving Foundation Inc

$5.3M · 4 grants · 2020–2024

Citi Foundation

$5M · 2 grants · 2022–2023

Focusing Philanthropy Inc

$5M · 4 grants · 2021–2024

WK Kellogg Foundation

$3.6M · 4 grants · 2017–2021

Details

EIN205189202
NTEE codeW60
Subsection03
Ruling date2008-08
Formed2006
Employees85
Volunteers12
OPPORTUNITY FINANCE NETWORK — Mission, Financials & Grants Received | Grantivo