Nonprofits›Ripple 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
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