Civic Intelligence

Liftfund Inc.

990 • Fiscal year 2017 • EIN 74-2712770

Jan 01, 2017 to Dec 31, 2017 • Filed on May 25, 2018

Organization ProfileWWW.LIFTFUND.COM

View Organization Page

2007 West Martin StreetSan Antonio, TX 78207

(210) 226-3664

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.78x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

3.15x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

20th percentile

-4.6%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

29th percentile

$229,761

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

37th percentile

2.5%

Faster asset growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

-12%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$64,928,159

Up $1,596,135 (+2.5%) from 2016

Net Assets

Down

$14,481,751

Down $944,166 (-6.1%) from 2016

Liabilities

Up

$50,446,408

Up $2,540,301 (+5.3%) from 2016

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin20th percentile

Revenue

Down

$15,991,534

Down $2,223,421 (-12%) from 2016

Expenses

Up

$16,726,193

Up $121,429 (+0.7%) from 2016

Net Income

Down

-$734,659

Down $2,344,850 (-146%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2017

Assets$64,928,159
Liabilities$50,446,408
Net Assets$14,481,751
Open 2017 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$15,991,534
Expenses$16,726,193
Net Income-$734,659
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 25, 2018
Return Version
2017v2.2
Gross Receipts
$20,289,695
Mission and Program Overview

Mission

Liftfund provides credit to

Liftfund provides credit to small businesses that do not have access to loans from commercial sources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$41,487,907$45,717,998▲ $4,230,091
Cash and Non-Interest-Bearing Accounts$8,085,956$6,936,153▼ $1,149,803
Savings and Temporary Cash Investments$4,314,703$3,850,428▼ $464,275
Land, Buildings, and Equipment, Net$3,241,524$3,102,940▼ $138,584
Pledges and Grants Receivable$2,892,158$2,064,196▼ $827,962
Investments in Publicly Traded Securities$1,003,284$956,409▼ $46,875
Accounts Receivable$703,232$811,747▲ $108,515
Prepaid Expenses and Deferred Charges$205,635$200,670▼ $4,965
Total Assets$63,332,024$64,928,159▲ $1,596,135
Other Assets Total$1,397,625$1,287,618▼ $110,007
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,474,970$20,594,581▲ $3,119,611
Unsecured Notes Loans Payable$17,418,544$16,456,486▼ $962,058
Other Liabilities$11,532,500$11,312,500▼ $220,000
Accounts Payable and Accrued Expenses$1,333,711$1,496,727▲ $163,016
Deferred Revenue$146,382$586,114▲ $439,732
Total Liabilities$47,906,107$50,446,408▲ $2,540,301
Net Assets / Fund Balance
Unrestricted Net Assets$11,589,348$11,497,070▼ $92,278
Temporarily Rstr Net Assets$3,259,406$2,407,518▼ $851,888
Permanently Rstr Net Assets$577,163$577,163→ $0
Total Net Assets Fund Balance$15,425,917$14,481,751▼ $944,166
Total Liabilities and Net Assets / Fund Balance$63,332,024$64,928,159▲ $1,596,135

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$702,815$2,396,344$3,099,159
Buildings$1,856,707$971,563$2,828,270
Land$543,418-$543,418
Other Assets Org$111,000--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janie BarreraPresident & CEOFT$216,638$13,123$229,761
Janie Barrera--$216,638$13,123$229,761
Thomas ClausenChief Financial OfficerFT$121,861$8,391$130,252
Richard RuebeChief Operating OfficerFT$53,064$3,243$56,307

Board Members and Trustees

NameTitle
Jim AdamsChairman
Ana RodriguezDirector
Dick SchlosbergDirector
Dr Gp SinghDirector
Gen Jimmie KeenanDirector
Jeff BrouillardDirector
John ChamberlainDirector
Kathryn SnapkaDirector
Melinda Guerra-reevesDirector
Morris CampDirector
Patricia VillarealDirector
Rey OcanasDirector
Tara Ford PayneDirector
Wayne AlexanderDirector
William MollDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Level 3 CommunicationsNetwork ServicesPO BOX 910182, Denver, CO 80291$265,317
Prudent LendersPortfolio Servicing50 BEAVER STREET, Albany, NY 12207$252,647
2river ConsultingIt Project Support315 C STREET SE, Washington, DC 20003$248,651
Ring CentralTelecommunications20 DAVIS DRIVE, Belmont, CA 94002$141,453
Bmi AssociatesIt Project Support475 NORTH 300 WEST SUITE 5, Kaysville, UT 84037$137,741
Revenue and Support

Revenue Composition

Contributions and Grants
$6,916,973
Program Service Revenue
$8,318,355
Investment Income
$508,002
Other Revenue
$248,204
All Other Contributions
$4,528,486
Change in Net Assets
$-734,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,988,419
Salaries, Compensation, and Employee Benefits$7,737,774
Total Fundraising Expense$793,165
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,515,588$44,913$417,714$5,978,215
Interest$2,229,445$0$0$2,229,445
Fees for Services Other$801,566$131,714$35,368$968,648
Other Employee Benefits$704,281$81,858$58,957$845,096
Depreciation Depletion$625,212$34,734$34,734$694,680
Occupancy$580,351$32,242$32,242$644,835
Payroll Taxes$443,516$15,307$39,320$498,143
Other Expenses$346,904$93,622$32,001$472,527
Current Officers, Directors, Trustees, and Key Employees$95,243$225,834$95,243$416,320
All Other Expenses$337,734$32,995$5,624$376,353
Information Technology$277,782$8,834$0$286,616
Travel$154,492$36,823$7,699$199,014
Insurance$157,548$8,753$8,753$175,054
Conferences and Meetings$116,003$40,032$13,359$169,394
Advertising$137,916$2,704$10,316$150,936
Fees for Services Legal$45,955$64,355$0$110,310
Office Expenses$38,740$5,288$1,835$45,863
Fees for Services Accounting$38,400$0$0$38,400
Total Functional Expenses$15,052,429$880,599$793,165$16,726,193
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Equity Equivalents$11,312,500
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Liftfund Inc
EIN
74-2712770
Phone
2102263664
Address
2007 WEST MARTIN STREET, SAN ANTONIO, TX 78207

Signing Officer

Name
Janie Barrera
Title
President & CEO
Phone
2102263664
Signed
2018-05-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janie Barrera
Formed
1994
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
15
Employees
121
Volunteers
2

Preparer

Firm
West Davis & Company LLP
Address
11824 Jollyville Road Suite 100, Austin, TX 78759
Preparer
Rob West CPA
Phone
5038286650
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The form 990 is e-mailed to each director prior to filing”

Pt VI, Line 11B

“For their review and approval.”

Pt VI, Line 12C

“The members of the board annually sign statements of”

Pt VI, Line 12C

“Non-conflict of interest.”

Pt VI, Line 15A

“The board of directors annually review and approve”

Pt VI, Line 15A

“COMPENSATION.”

Pt VI, Line 19

“Liftfund makes its governing documents available”

Pt VI, Line 19

“BY REQUEST.”

Pt VI, Line 8B

“There are no committees with authority to act on”

Pt VI, Line 8B

“Behalf of the governing body.”

Raw XML AppendixShowing 400 of 646 raw XML fields

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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IRS990/Desc0LIFTFUND PROVIDES CREDIT TO SMALL BUSINESSES THAT DO NOT HAVE ACCESS TO LOANS FROM COMMERCIAL SOURCES. 1,177 NEW LOANS WERE CLOSED IN THE FISCAL YEAR ENDED 12/31/2017. WITH MORE THAN $40 MILLION IN LOANS OUTSTANDING AS OF DECEMBER 31, 2017, LIFTFUND IS REGARDED AS THE LARGEST AND BEST PERFORMING MICROFINANCE INSTITUTION IN THE UNITED STATES. WITH ITS MICROLOAN MANAGEMENT SERVICES, LIFTFUND HELPS OTHER MICRO LENDERS ACROSS THE UNITED STATES ACHIEVE ECONOMICS OF SCALE AND EXPAND THE REACH OF THEIR PROGRAMS. THROUGH ITS LOANS AND SERVICES, LIFTFUND HAS HELPED CREATE OR RETAIN THOUSANDS OF JOBS IN LOW TO MODERATE INCOME AREAS, CONTRIBUTING TO THE ECONOMIC REVITALIZATION OF UNDERSERVED COMMUNITIES.
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IRS990/Form990PartVIISectionAGrp/PersonNm14JOHN CHAMBERLAIN
IRS990/Form990PartVIISectionAGrp/PersonNm15WAYNE ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm16JEFF BROUILLARD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/GrantsToOrganizationsInd0false
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IRS990/GrossReceiptsAmt020289695
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt08834
IRS990/InformationTechnologyGrp/ProgramServicesAmt0277782
IRS990/InformationTechnologyGrp/TotalAmt0286616
IRS990/InsuranceGrp/FundraisingAmt08753
IRS990/InsuranceGrp/ManagementAndGeneralAmt08753
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IRS990/InsuranceGrp/TotalAmt0175054
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
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IRS990/InterestGrp/TotalAmt02229445
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt042507
IRS990/InvestmentInJointVentureInd0false
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0956409
IRS990/IRPDocumentCnt0110
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0LIFTFUND PROVIDES CREDIT TO
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0465495
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0135239
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0135239
IRS990/NetUnrlzdGainsLossesInvstAmt0-209507
IRS990/NoncashContributionsAmt0804188
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IRS990/OccupancyGrp/ManagementAndGeneralAmt032242
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IRS990/OfficeExpensesGrp/FundraisingAmt01835
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05288
IRS990/OfficeExpensesGrp/ProgramServicesAmt038740
IRS990/OfficeExpensesGrp/TotalAmt045863
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt01287618
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt058957
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt081858
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0704281
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0845096
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IRS990/OtherExpensesGrp/Desc1PORTFOLIO EXPENSES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTAL & MAIN
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt220591
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt393622
IRS990/OtherExpensesGrp/ProgramServicesAmt01872188
IRS990/OtherExpensesGrp/ProgramServicesAmt1348244
IRS990/OtherExpensesGrp/ProgramServicesAmt2185321
IRS990/OtherExpensesGrp/ProgramServicesAmt3346904
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IRS990/OtherExpensesGrp/TotalAmt1348244
IRS990/OtherExpensesGrp/TotalAmt2205912
IRS990/OtherExpensesGrp/TotalAmt3472527
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015307
IRS990/PayrollTaxesGrp/ProgramServicesAmt0443516
IRS990/PayrollTaxesGrp/TotalAmt0498143
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IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0577163
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08318355

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$64,928,159
Liabilities
$50,446,408
Net assets
$14,481,751
Revenue
$15,991,534
Expenses
$16,726,193
Net income
-$734,659
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