NonprofitsRipple Effect Entrepreneurs Fund Inc

Community Improvement & Capacity Building

Ripple Effect Entrepreneurs Fund Inc

LAKEWOOD, NJ

Total revenue

$1.4M

Total expenses

$262K

Net assets

$3.7M

Grants received

$16K

2 grants

EIN

831688000

Tax year

2024

Mission

Ripple effect entrepreneurs fund (reef) is a non-profit organization whose mission is to provide community economic development to underserved people and communities. Reef provides loans and technical assistance to help borrowers and low income individuals create and grow sustainable businesses.

Financials

FY 2024

Revenue

Contributions & grants$1.4M
Program service revenue
Investment income
Other revenue
Total revenue$1.4M

Expenses

Grants paid
Salaries & benefits$172K
Fundraising
Other expenses$90K
Total expenses$262K
Total assets$3.9M
Net assets$3.7M

People

4 listed

NameRoleCompensation

ISRAEL C BLUMENTHAL

TRUSTEE

Board

6 hrs/wk

ELIYAHU FRIED

TRUSTEE

Board

12 hrs/wk

CHANA FRIEDLAND

TRUSTEE

Board

16 hrs/wk

ADELE ROSENBERG

TRUSTEE

Board

12 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$6K
For grant recipient's exempt purposes
2020
$10K
For grant recipient's exempt purposes
2019

Funded by

$16K from 1 funder · 2 grants · 2019–2020

Fidelity Investments Charitable Gift Fund

$16K · 2 grants · 2019–2020

Details

EIN831688000
NTEE codeS30
Subsection03
Ruling date2018-12
Formed2018
Employees3
RIPPLE EFFECT ENTREPRENEURS FUND INC — Mission, Financials & Grants Received | Grantivo