NonprofitsTrufund Financial Services Inc

Community Improvement & Capacity Building

Trufund Financial Services Inc

NEW YORK, NY

Total revenue

$16.3M

Total expenses

$14.6M

Net assets

$18.8M

Grants received

$10.3M

20 grants

EIN

593814814

Tax year

2024

Mission

Provide financing and technical assistance to small businesses and non-profit organizations.

Financials

FY 2024

Revenue

Contributions & grants$11.9M
Program service revenue$3.8M
Investment income$392K
Other revenue$216K
Total revenue$16.3M

Expenses

Grants paid
Salaries & benefits$7.4M
Fundraising$942K
Other expenses$7.1M
Total expenses$14.6M
Total assets$50.0M
Net assets$18.8M

People

27 listed

NameRoleCompensation

JAMES BASON

PRESIDENT - CHIEF EXECUTIVE OFFICER

Board

$414K

35 hrs/wk

SETH MANOFF

SVP - DIR OF STRUCT LENDING & INVST

Board

$203K

35 hrs/wk

KENNETH HARVEY

SVP - INTERIM CFO - THROUGH NOV 2024

Board

$158K

35 hrs/wk

CHARLES FOSTER

SVP- CFO - LEFT MAY 2024

Board

$96K

35 hrs/wk

STEPHANIE KABORE TURQUIN

SVP - CFO - JOINED NOV 2024

Board

$22K

35 hrs/wk

DR ADRIAN FRANCO

BOARD MEMBER - LEFT FEBRUARY 2024

Board

1 hrs/wk

CARMEN MANOYAN

BOARD MEMBER - LEFT JULY 2024

Board

1 hrs/wk

TERRENCE CLARK

CHAIRPERSON

Board

1 hrs/wk

KIMBERLY HARDY

BOARD MEMBER

Board

1 hrs/wk

WENDI BOYEN

SECRETARY - JOINED JUNE 2024

Board

1 hrs/wk

CELAYNE HILL

SECRETARY - LEFT JULY 2024

Board

1 hrs/wk

MARC THOMPSON JR

TREASURER

Board

1 hrs/wk

CHARLOTTE LEE

CHAIRPERSON - LEFT JULY 2024

Board

1 hrs/wk

WORLEY BARKER

BOARD MEMBER

Board

1 hrs/wk

HEIDI HAMILTON

BOARD MEMBER

Board

1 hrs/wk

CHERI MORIAL AUSBERRY

BOARD MEMBER

Board

1 hrs/wk

CARRA WALLACE

BOARD MEMBER

Board

1 hrs/wk

RONALD TOROK

BOARD MEMBER

Board

1 hrs/wk

GEORGE BUCHANAN III

BOARD MEMBER

Board

1 hrs/wk

MONICA BURCH

BOARD MEMBER - JOINED DEC 2024

Board

1 hrs/wk

B SETH BRYANT

BOARD MEMBER - JOINED SEPT 2024

Board

1 hrs/wk

JONNEL DORRIS

BOARD MEMBER - JOINED SEPT 2024

Board

1 hrs/wk

DOMONICA L EDWARDS

SENIOR VICE PRESIDENT

Staff

$220K

35 hrs/wk

MICHAEL VAUGH

SVP - CHIEF CREDIT OFFICER

Staff

$217K

35 hrs/wk

MATHEW SHAPIRO

SVP DIRECTOR OF RESOURCE DEVELOPMENT

Staff

$200K

35 hrs/wk

AKIMIE CARTER EVANS

SVP - MANAGING DIRECTOR NAT'L MARKET

Staff

$198K

35 hrs/wk

ROBERT BENITEZ

SVP - NATIONAL DIRECTOR OF LENDING

Staff

$198K

35 hrs/wk

Independent contractors

JONES WALKER

LEGAL SERVICES

$254K

KPMG LLP

ACCOUNTING & AUDIT SERVICES

$185K

MICRO INFO SIDDARTH CONSULTING

SOFTWARE DEVELOPING SERVICES

$161K

Grants received

Showing 20 of 20

FromAmountPurposeYear
$250K
OPERATING GRANT
2024
$60K
DEVELOPMENT
2023
$30K
TRUFUND SMALL BUSINESS GRANT 2024
2023
$19K
OPERATING SUPPORT
2023
$500K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2022
$100K
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
2022
$60K
DEVELOPMENT
2022
$50K
GENERAL USE
2022
$19K
OPERATING SUPPORT
2022
$500K
For recipient's exempt purpose
2021
$100K
GENERAL SUPPORT
2021
$20K
TRUFUND SMALL BUSINESS GRANT 2022
2021
$7.4M
TO SUPPORT TECHNOLOGY, STAFF, AND INCREASING CAPACITY TO TRACK DATA AND DELIVER INNOVATIVE PRODUCTS WITH THE GOAL OF CONTINUOUSLY IMPROVING OUTCOMES FOR SMALL BUSINESS
2020
$500K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$150K
SMALL BUSINESS GRANT
2020
$100K
1 GRANT(S) FOR VARYING PURPOSES
2020
$50K
GENERAL SUPPORT
2020
$35K
GENERAL SUPPORT
2020
$50K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2019
$300K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2018

Funded by

$10.3M from 10 funders · 20 grants · 2018–2024

The Chicago Community Trust

$7.4M · 1 grant · 2020

Vanguard Charitable Endowment Program

$1M · 2 grants · 2020–2021

Jpmorgan Chase Foundation

$850K · 3 grants · 2018–2022

Opportunity Finance Network

$500K · 3 grants · 2020–2024

Regions Foundation

$150K · 2 grants · 2020–2021

Nola Business Alliance

$120K · 2 grants · 2022–2023

The Winston-Salem Foundation

$100K · 1 grant · 2020

Community Reinvestment Fund Inc

$73K · 3 grants · 2020–2023

Details

EIN593814814
NTEE codeS30
Subsection03
Ruling date2005-12
Formed2005
Employees64
Volunteers13
TRUFUND FINANCIAL SERVICES INC — Mission, Financials & Grants Received | Grantivo