Civic Intelligence

Liftfund Inc

EIN 74-2712770 • 501(c)3 • San Antonio, TX

Profile

Liftfunds mission is to provide capital and other services to underserved small businesses and entrepreneurs. Through its products and services, liftfund helps small businesses and entrepreneurs strenghten their businesses, stabilize and increase their incomes, create additional employment and contribute to the economic development of their communities.

2014 S HackberrySan Antonio, TX 78210

www.liftfund.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.68x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

3.18x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

8th percentile

-23%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$291,294

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

46th percentile

4.9%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-46%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$102,981,540

Up $4,800,549 (+4.9%) from 2023

Liabilities

Up

$70,079,450

Up $9,706,705 (+16%) from 2023

Net Assets

Down

$32,902,090

Down $4,906,156 (-13%) from 2023

Revenue

Down

$22,062,214

Down $18,500,908 (-46%) from 2023

Expenses

Down

$27,088,671

Down $13,022,847 (-32%) from 2023

Net Income

Down

-$5,026,457

Down $5,478,061 (-1213%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $35,334,220Liabilities 2010: $22,666,676Net Assets 2010: $12,667,5442010Assets 2011: $36,660,736Liabilities 2011: $23,823,734Net Assets 2011: $12,837,0022011Assets 2012: $38,959,059Liabilities 2012: $25,849,582Net Assets 2012: $13,109,4772012Assets 2013: $53,691,492Liabilities 2013: $40,117,964Net Assets 2013: $13,573,5282013Assets 2014: $56,616,575Liabilities 2014: $42,822,108Net Assets 2014: $13,794,4672014Assets 2015: $59,183,031Liabilities 2015: $45,367,305Net Assets 2015: $13,815,7262015Assets 2016: $63,332,024Liabilities 2016: $47,906,107Net Assets 2016: $15,425,9172016Assets 2017: $64,928,159Liabilities 2017: $50,446,408Net Assets 2017: $14,481,7512017Assets 2018: $72,128,804Liabilities 2018: $57,569,321Net Assets 2018: $14,559,4832018Assets 2019: $70,787,869Liabilities 2019: $55,992,965Net Assets 2019: $14,794,9042019Assets 2020: $114,228,801Liabilities 2020: $83,028,950Net Assets 2020: $31,199,8512020Assets 2021: $95,784,141Liabilities 2021: $59,026,054Net Assets 2021: $36,758,0872021Assets 2022: $84,840,423Liabilities 2022: $47,483,781Net Assets 2022: $37,356,6422022Assets 2023: $98,180,991Liabilities 2023: $60,372,745Net Assets 2023: $37,808,2462023Assets 2024: $102,981,540Liabilities 2024: $70,079,450Net Assets 2024: $32,902,0902024

Highlighted filing

2024

Assets$102,981,540
Liabilities$70,079,450
Net Assets$32,902,090

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $8,804,4692010Expenses 2011: $9,748,2472011Revenue 2012: $11,354,259Expenses 2012: $11,081,784Net Income 2012: $272,4752012Revenue 2013: $12,577,454Expenses 2013: $12,113,403Net Income 2013: $464,0512013Revenue 2014: $14,656,889Expenses 2014: $14,435,950Net Income 2014: $220,9392014Revenue 2015: $15,735,311Expenses 2015: $15,714,052Net Income 2015: $21,2592015Revenue 2016: $18,214,955Expenses 2016: $16,604,764Net Income 2016: $1,610,1912016Revenue 2017: $15,991,534Expenses 2017: $16,726,193Net Income 2017: -$734,6592017Revenue 2018: $18,709,028Expenses 2018: $18,421,811Net Income 2018: $287,2172018Revenue 2019: $18,175,307Expenses 2019: $17,729,952Net Income 2019: $445,3552019Revenue 2020: $103,246,792Expenses 2020: $86,382,402Net Income 2020: $16,864,3902020Revenue 2021: $59,155,631Expenses 2021: $53,526,230Net Income 2021: $5,629,4012021Revenue 2022: $51,818,585Expenses 2022: $51,220,030Net Income 2022: $598,5552022Revenue 2023: $40,563,122Expenses 2023: $40,111,518Net Income 2023: $451,6042023Revenue 2024: $22,062,214Expenses 2024: $27,088,671Net Income 2024: -$5,026,4572024

Highlighted filing

2024

Revenue$22,062,214
Expenses$27,088,671
Net Income-$5,026,457

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$103$70.1$32.9$22.1$27.1$5.03
2023Detailed filing. Detailed filing data is available for this year.$98.2$60.4$37.8$40.6$40.1$0.45
2022Detailed filing. Detailed filing data is available for this year.$84.8$47.5$37.4$51.8$51.2$0.60
2021Detailed filing. Detailed filing data is available for this year.$95.8$59.0$36.8$59.2$53.5$5.63
2020Detailed filing. Detailed filing data is available for this year.$114$83.0$31.2$103$86.4$16.9
2019Detailed filing. Detailed filing data is available for this year.$70.8$56.0$14.8$18.2$17.7$0.45
2018Detailed filing. Detailed filing data is available for this year.$72.1$57.6$14.6$18.7$18.4$0.29
2017Detailed filing. Detailed filing data is available for this year.$64.9$50.4$14.5$16.0$16.7$0.73
2016Detailed filing. Detailed filing data is available for this year.$63.3$47.9$15.4$18.2$16.6$1.61
2015Detailed filing. Detailed filing data is available for this year.$59.2$45.4$13.8$15.7$15.7$0.02
2014Detailed filing. Detailed filing data is available for this year.$56.6$42.8$13.8$14.7$14.4$0.22
2013Detailed filing. Detailed filing data is available for this year.$53.7$40.1$13.6$12.6$12.1$0.46
2012Summary only. Only limited summary data is available for this year.$39.0$25.8$13.1$11.4$11.1$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.7$23.8$12.8$9.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.3$22.7$12.7$8.80
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 26, 2025
Return Version
2024v5.2
Gross Receipts
$27,038,026
Mission and Program Overview

Mission

Accion texas provides credit to

Liftfunds mission is to transform lives by offering financial resources and support services designed to promote economic empowerment and uplift entrepreneurs, small businesses, their neighbors and surrounding communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$53,960,606$61,482,255▲ $7,521,649
Cash and Non-Interest-Bearing Accounts$19,225,728$9,084,876▼ $10,140,852
Investments in Publicly Traded Securities$8,134,270$9,041,155▲ $906,885
Land, Buildings, and Equipment, Net$8,004,693$7,834,937▼ $169,756
Pledges and Grants Receivable$1,535,852$6,706,732▲ $5,170,880
Savings and Temporary Cash Investments$3,750,124$4,742,800▲ $992,676
Accounts Receivable$2,110,998$2,904,200▲ $793,202
Investments Program Related$826,492$826,492→ $0
Prepaid Expenses and Deferred Charges$632,228$358,093▼ $274,135
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$98,180,991$102,981,540▲ $4,800,549
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$39,101,720$41,115,984▲ $2,014,264
Mortgage Notes Payable Secured by Investment Property$6,312,201$11,027,635▲ $4,715,434
Other Liabilities$10,000,000$10,000,000→ $0
Accounts Payable and Accrued Expenses$1,918,428$4,745,275▲ $2,826,847
Deferred Revenue$2,370,755$2,629,556▲ $258,801
Grants Payable$669,641$561,000▼ $108,641
Total Liabilities$60,372,745$70,079,450▲ $9,706,705
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$37,543,258$32,862,102▼ $4,681,156
Net Assets With Donor Restrictions$264,988$39,988▼ $225,000
Total Net Assets Fund Balance$37,808,246$32,902,090▼ $4,906,156
Total Liabilities and Net Assets / Fund Balance$98,180,991$102,981,540▲ $4,800,549

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,437,137$2,948,004$8,385,141
Equipment$1,247,800$1,004,282$2,252,082
Land$1,150,000-$1,150,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy HerefordPresident & CEOFT$233,329$57,965$291,294
Adrian GonzalezChief CDC. OfcrFT$177,457$104,833$216,440
Christopher S AllenSVP Sba 504FT$87,299$4,345$209,994
Adam HensonCOO & CFOFT$190,688$121,865$194,203
Duangkamol ThepuatrakulChief Tech OfcrFT$179,401$4,435$183,836
Jorge SerranoVP Sba 504FT$102,939$4,121$172,910

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Oveana LLCConsulting Services45 NE LOOP 410 STE 902, San Antonio, TX 78216$506,512
Portico Rei LLCFinancePO BOX 8088, San Antonio, TX 78208$312,335
Txc Texas Creative LLCMarketingPO BOX 790785, San Antonio, TX 78279$293,470
Starkweather Law OfficeLegal3736 EUBANK BLVD NE BLDG C, Albuquerque, NM 87111$126,000
Revenue and Support

Revenue Composition

Contributions and Grants
$7,979,381
Program Service Revenue
$13,067,036
Investment Income
$970,191
Other Revenue
$45,606
All Other Contributions
$4,547,643
Change in Net Assets
$-5,026,457

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table97$2,229,075Market Rate
Total Noncash Contributions97$2,229,075-

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,062,214
Revenue Not Reported on Form 990
$120,301
Total Revenue per Audited Statements
$22,182,515
Total Revenue per Form 990
$22,062,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,942,607
Salaries, Compensation, and Employee Benefits$10,415,698
Grants and Similar Amounts Paid$2,730,366
Total Fundraising Expense$1,466,430
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,874,021$663,866$819,105$8,356,992
Grants to Domestic Individuals$2,730,366--$2,730,366
Interest$1,477,457--$1,477,457
Information Technology$1,222,476$100,674$115,056$1,438,206
Fees for Services Other$1,215,957$56,449$34,114$1,306,520
Other Employee Benefits$889,655$101,015$88,455$1,079,125
Depreciation Depletion$724,991$59,705$68,234$852,930
Payroll Taxes$564,173$55,957$68,156$688,286
Advertising$343,242-$147,104$490,346
Current Officers, Directors, Trustees, and Key Employees$239,604$23,140$28,551$291,295
Occupancy$234,508$19,312$22,071$275,891
Insurance$198,757$16,368$18,707$233,832
Conferences and Meetings$191,900$15,804$18,061$225,765
All Other Expenses$134,441$8,593$9,820$152,854
Travel$104,623$8,616$9,847$123,086
Other Expenses$102,938$8,477$9,688$121,103
Office Expenses$88,863$7,318$8,364$104,545
Fees for Services Legal$52,257$2,918$575$55,750
Fees for Services Accounting$47,396$2,647$522$50,565
Total Functional Expenses$24,471,382$1,150,859$1,466,430$27,088,671

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$27,088,671
Total Expenses per Audited Statements$27,088,671
Total Expenses per Form 990$27,088,671
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Equity Equivalents$10,000,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is e-mailed to each director prior to filing for their review and approval.

Form 990, Part VI, Section B, Line 12C

The members of the board annually sign statements of non-conflict of interest.

Form 990, Part VI, Section B, Line 15A

The board of directors annually reviews and approves compensation.

Form 990, Part VI, Section C, Line 19

Liftfund makes its governing documents available by request.

Filing and Contact Details

Filer

Filer Name
Liftfund Inc
EIN
74-2712770
Phone
2102263664
Address
2014 S HACKBERRY, SAN ANTONIO, TX 78210

Signing Officer

Name
Adam Henson
Title
COO & CFO
Signed
2025-08-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Hereford
Formed
1994
Legal Domicile
TX
Voting Board Members
16
Independent Board Members
16
Employees
103

Preparer

Firm
Schriver Carmona & Company Pllc
Address
7550 IH-10 STE 504, SAN ANTONIO, TX 78229
Preparer
Derek Schriver CPA
Phone
2106800350
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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