NonprofitsTransform Finance Inc

Community Improvement & Capacity Building

Transform Finance Inc

NEW YORK, NY

Total revenue

$550K

Total expenses

$717K

Net assets

$473K

Grants received

$895K

11 grants

EIN

842283500

Tax year

2024

Mission

To align capital with social justice values, and help activists and community leaders access capital as a tool for transformative social change. We empower community leaders to shape how capital flows affect them - both in terms of holding capital accountable and having a say in its deployment - by demystifying finance and building capacity for activists and community leaders. We support members of the community who have historically been excluded from capital decisions to reclaim their seat at the table. We support investors committed to deepening their impact investment practice to adopt transformative approaches and demonstrate the viability of the approach via education, concrete tools and strategies, and overall guidance. We foster a new discourse and collaboration between these two sets of previously disconnected stakeholders - investors and social justice practitioners - by creating connections, breaking down barriers of knowledge and values, and facilitating dialogue.

Programs

3 programs

Developed a set of recommendations for the banking sector on how to engage communities in the creation and deployment of capital products. Released a report on the subject, socializing the materials through industry networks and public presentations.

Expenses: $27K

Supported a major foundation's evaluation of the effectiveness of inclusive finance interventions, with the aim of ensuring that investments achieve their mission outcomes of creating dignified livelihoods for women and young men in africa.

Expenses: $187K

Continue to develop resource database on website, including a new learning hub on alternative ownership enterprises. Support a variety of field initiatives by participating in working groups, steering committees, and brain trusts. Participated in a civil assessment roundtable for wells fargo. Held introductory conversations with our audience and stakeholders. Presented at a variety of conferences and other organizational events.

Expenses: $101K

Financials

FY 2024

Revenue

Contributions & grants$426K
Program service revenue$124K
Investment income
Other revenue
Total revenue$550K

Expenses

Grants paid
Salaries & benefits$519K
Fundraising
Other expenses$198K
Total expenses$717K
Total assets$525K
Net assets$473K

People

5 listed

NameRoleCompensation

CURTIS LYON

DIRECTOR/EXECUTIVE DIRECTOR

Board

$142K

40 hrs/wk

ANDREA ARMENI

BOARD MEMBER

Board

$48K

40 hrs/wk

CATHY ALBISA

BOARD PRESIDENT

Board

2.5 hrs/wk

ANER BEN-AMI

CHAIR

Board

2.5 hrs/wk

CHID LIBERTY

BOARD MEMBER

Board

1 hrs/wk

Grants received

Showing 11 of 11

FromAmountPurposeYear
$50K
GENERAL OPERATING SUPPORT
2024
$80K
General operating support
2023
$10K
For grant recipient's exempt purposes
2023
$250K
Expanding investor education programs to address the wealth gap among disadvantaged populations
2022
$200K
General Support
2022
$80K
GENERAL OPERATING SUPPORT
2022
$75K
Driving Social Justice Outcomes by Addressing How
2022
$50K
Project-Based
2022
$80K
General operating support
2021
$10K
For grant recipient's exempt purposes
2021
$10K
For grant recipient's exempt purposes
2021

Funded by

$895K from 7 funders · 11 grants · 2021–2024

Sorenson Impact Foundation

$250K · 1 grant · 2022

Amalgamated Charitable Foundation Inc

$240K · 3 grants · 2021–2023

Surdna Foundation Inc

$200K · 1 grant · 2022

The Fb Heron Foundation

$50K · 1 grant · 2022

Fidelity Investments Charitable Gift Fund

$30K · 3 grants · 2021–2023

Details

EIN842283500
NTEE codeS30
Subsection03
Ruling date2022-04
Formed2019
Employees4
Volunteers0
TRANSFORM FINANCE INC — Mission, Financials & Grants Received | Grantivo