Civic Intelligence

Peoplefund

990 • Fiscal year 2016 • EIN 74-2814572

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 31, 2017

Organization Profilewww.peoplefund.org

View Organization Page

2921 E 17th St Bldg D No 1Austin, TX 78702

(512) 472-8087

Siviq Scores

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

Liabilities / Assets

77th percentile

0.62x

Higher debt load relative to assets than 77% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

2.92x

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

87th percentile

32%

Higher net margin than 87% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

40th percentile

$209,555

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

95th percentile

54%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

96th percentile

123%

Faster revenue growth than 96% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$30,432,930

Up $10,620,086 (+54%) from 2015

Net Assets

Up

$11,600,333

Up $4,460,340 (+62%) from 2015

Liabilities

Up

$18,832,597

Up $6,159,746 (+49%) from 2015

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin87th percentile

Revenue

Up

$6,443,655

Up $3,552,519 (+123%) from 2015

Expenses

Up

$4,389,401

Up $1,157,838 (+36%) from 2015

Net Income

Up

$2,054,254

Up $2,394,681 (+703%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$100M$50M$0Assets 2011: $12,943,075Liabilities 2011: $5,948,167Net Assets 2011: $6,994,9082011Assets 2012: $13,712,011Liabilities 2012: $6,540,444Net Assets 2012: $7,171,5672012Assets 2013: $14,468,411Liabilities 2013: $7,167,815Net Assets 2013: $7,300,5962013Assets 2014: $15,334,695Liabilities 2014: $7,854,275Net Assets 2014: $7,480,4202014Assets 2015: $19,812,844Liabilities 2015: $12,672,851Net Assets 2015: $7,139,9932015Assets 2016: $30,432,930Liabilities 2016: $18,832,597Net Assets 2016: $11,600,3332016Assets 2017: $39,491,560Liabilities 2017: $26,755,600Net Assets 2017: $12,735,9602017Assets 2018: $41,626,102Liabilities 2018: $28,837,478Net Assets 2018: $12,788,6242018Assets 2019: $43,786,746Liabilities 2019: $32,639,312Net Assets 2019: $11,147,4342019Assets 2020: $52,643,100Liabilities 2020: $39,008,959Net Assets 2020: $13,634,1412020Assets 2021: $66,108,373Liabilities 2021: $45,469,148Net Assets 2021: $20,639,2252021Assets 2022: $70,013,078Liabilities 2022: $49,309,435Net Assets 2022: $20,703,6432022Assets 2023: $75,269,243Liabilities 2023: $54,084,657Net Assets 2023: $21,184,5862023Assets 2024: $97,649,169Liabilities 2024: $66,630,904Net Assets 2024: $31,018,2652024

Highlighted filing

2016

Assets$30,432,930
Liabilities$18,832,597
Net Assets$11,600,333
Open 2016 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $1,748,980Expenses 2011: $1,950,138Net Income 2011: -$201,1582011Revenue 2012: $1,683,750Expenses 2012: $1,739,030Net Income 2012: -$55,2802012Revenue 2013: $2,379,064Expenses 2013: $2,250,035Net Income 2013: $129,0292013Revenue 2014: $2,714,033Expenses 2014: $2,534,209Net Income 2014: $179,8242014Revenue 2015: $2,891,136Expenses 2015: $3,231,563Net Income 2015: -$340,4272015Revenue 2016: $6,443,655Expenses 2016: $4,389,401Net Income 2016: $2,054,2542016Revenue 2017: $7,094,094Expenses 2017: $5,858,954Net Income 2017: $1,235,1402017Revenue 2018: $5,676,882Expenses 2018: $5,506,816Net Income 2018: $170,0662018Revenue 2019: $7,384,956Expenses 2019: $6,541,978Net Income 2019: $842,9782019Revenue 2020: $15,691,172Expenses 2020: $13,204,465Net Income 2020: $2,486,7072020Revenue 2021: $14,535,836Expenses 2021: $7,530,752Net Income 2021: $7,005,0842021Revenue 2022: $11,186,466Expenses 2022: $10,360,911Net Income 2022: $825,5552022Revenue 2023: $11,176,295Expenses 2023: $11,205,653Net Income 2023: -$29,3582023Revenue 2024: $23,699,129Expenses 2024: $13,869,670Net Income 2024: $9,829,4592024

Highlighted filing

2016

Revenue$6,443,655
Expenses$4,389,401
Net Income$2,054,254
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 31, 2017
Return Version
2016v3.0
Gross Receipts
$14,480,931
Mission and Program Overview

Mission

PeopleFund creates economic opportunity and financial stability for underserved people by providing access to capital, education, and resources to build healthy small businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$12,421,515$17,612,587▲ $5,191,072
Savings and Temporary Cash Investments$2,986,843$5,473,624▲ $2,486,781
Land, Buildings, and Equipment, Net$2,944,851$2,938,516▼ $6,335
Cash and Non-Interest-Bearing Accounts$756,760$2,849,576▲ $2,092,816
Investments Program Related-$762,324-
Pledges and Grants Receivable$693,064$732,232▲ $39,168
Prepaid Expenses and Deferred Charges$9,811$30,994▲ $21,183
Total Assets$19,812,844$30,432,930▲ $10,620,086
Other Assets Total$0$33,077▲ $33,077
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,438,820$18,487,265▲ $6,048,445
Accounts Payable and Accrued Expenses$223,307$267,875▲ $44,568
Other Liabilities$10,724$77,457▲ $66,733
Total Liabilities$12,672,851$18,832,597▲ $6,159,746
Net Assets / Fund Balance
Unrestricted Net Assets$6,951,817$10,935,223▲ $3,983,406
Temporarily Rstr Net Assets$188,176$665,110▲ $476,934
Total Net Assets Fund Balance$7,139,993$11,600,333▲ $4,460,340
Total Liabilities and Net Assets / Fund Balance$19,812,844$30,432,930▲ $10,620,086

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,310,873$453,442$2,764,315
Equipment$228,895$173,352$402,247
Land$379,880-$379,880
Other Land Buildings$18,868$15,619$34,487
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary LindnerPresident and CEOFT$148,116$61,439$209,555
Charles McElrathPresident of SDDFFT$145,100$31,919$177,019
Julia DunnCFOFT$99,308$4,065$103,373

Board Members and Trustees

NameTitle
Anna SanchezBoard Chair
Mike CookPast Chair
Ben De LeonVice Chair
Barrett R HowellDirector
Dom EspinosaDirector
Donna C NormandinDirector
Eugene SepulvedaDirector
Jeffrey BoneyDirector
John GomezDirector
Luisa M Gavino-MartinezDirector
Mike PerrineDirector
Robert Franco JrDirector
Slade CutterDirector
Tanya Makany-RiveraDirector
Veronica Briseno LaraDirector
Irvin Ashford JrSecretary
Kathy D BurrellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,352,011
Program Service Revenue
$1,844,287
Investment Income
$198,676
Other Revenue
$48,681
All Other Contributions
$3,908,536
Change in Net Assets
$2,054,254

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
Securities Closely Held Stock5$1,630,096Fair Market Value (FMV)
Total Noncash Contributions5$1,630,096-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,415,219
Revenue Not Reported on Financial Statements
$28,436
Revenue Not Reported on Form 990
$1,190,251
Total Revenue per Audited Statements
$7,605,470
Total Revenue per Form 990
$6,443,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,205,559
Salaries, Compensation, and Employee Benefits$2,183,842
Total Fundraising Expense$206,455
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,287,238$308,938$120,142$1,716,318
Current Officers, Directors, Trustees, and Key Employees$350,644$84,154$32,726$467,524
Interest$373,992--$373,992
Office Expenses$232,056$55,693$21,658$309,407
Depreciation Depletion$91,237$21,897$8,515$121,649
Information Technology$69,360$16,646$6,474$92,480
Travel$53,472$12,833$4,991$71,296
Fees for Services Legal$56,870$7,283$2,832$66,985
Advertising$52,145$4,488$1,745$58,378
Fees for Services Accounting$44,053$5,642$2,194$51,889
Fees for Services Other$42,697$5,468$2,126$50,291
Insurance$32,696$7,847$3,052$43,595
Other Expenses$27,749$1,621-$1,621
Total Functional Expenses$3,650,436$532,510$206,455$4,389,401

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,420,645
Expenses per Audited Statements$4,389,401
Total Expenses per Form 990$4,389,401
Expenses Not Reported on Form 990$31,244
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,068
Fundraising Direct Expenses$20,686
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$16,585$16,585$8,667$7,918
East Night$20,324$6,583$12,019$-5,436
Total Events$40,809$27,068$20,686$6,382
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unclaimed SDDF Shares$56,828
Secondary Market Discount$16,885
Security Deposits$2,455
Amortized Accrued Interest$1,289
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

Governance Explanations

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

“PeopleFund CFO reviews and finalizes the Form 990 with input from the CEO. The CEO presents the 990 to the Board for review at a regular Board meeting.”

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

“PeopleFund provides the conflict of interest statement to all board members and staff in their respective orientation. PeopleFund provides new board members and staff training on the conflict of interest policy during orientation.”

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

“Compensation for the Executive Director is determined by the Executive Committee using comparability data from similar size non-profits in the area. The decision and approval of compensation is documented and maintained in the employee file.”

Form 990, Part VI, Section C, line 19

“The organization makes available organizing documents to the public, upon request.”

Filing and Contact Details

Filer

Filer Name
PeopleFund
EIN
74-2814572
Phone
5124728087
Address
2921 E 17th St Bldg D No 1, Austin, TX 78702

Signing Officer

Name
Gary Lindner
Title
President and CEO
Phone
5124728087
Signed
2017-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Lindner
Formed
1994
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
14
Employees
42
Volunteers
250

Preparer

Firm
PMB Helin Donovan LLP
Address
12301 Research Blvd Bldg 5 Ste 160, Austin, TX 78759
Preparer
Kelly Logan
Phone
5122589670
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Adjustment for aquisition of 1,218,643.”

Financial Statement Notes

Part X, Line 2:

“PropleFund is a nonprofit organization exempt from federal income taxes under IRS Code Section 501(c)(3). Therefore, no provision has been made for Federal income taxes in the accompanying financial statements. PeopleFund, as the exempt owner of PeopleFund NMTC, LLC and PeopleFund Advisors, LLC has elected to treat these entities as disregarded as such the operations and finances of these entities is treated as PeopleFund's for tax and information reporting purposes. PeopleFund believes the activities of PeopleFund NMTC, LLC are aligned with PeopleFund's mission, so no tax would be due on any earnings. The Organization's management has analyzed the tax positions taken by PeopleFund, and has concluded that as of December 31, 2016 and 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. PeopleFund is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Company's management believes it is generally no longer subject to tax examinations relating to federal and state tax returns for three years after filing the returns.”

Part XI, Line 2D - Other Adjustments:

“Reclass for Fundraising Expenses 20,686. Reclass for loss on disposal 10,558.”

Part XII, Line 2D - Other Adjustments:

“Reclass for Fundraising Expenses 20,686. Reclass for loss on disposal 10,558.”

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IRS990/Form990PartVIISectionAGrp/PersonNm0Mike Cook
IRS990/Form990PartVIISectionAGrp/PersonNm1Anna Sanchez
IRS990/Form990PartVIISectionAGrp/PersonNm2Irvin Ashford Jr
IRS990/Form990PartVIISectionAGrp/PersonNm3Dom Espinosa
IRS990/Form990PartVIISectionAGrp/PersonNm4Kathy D Burrell
IRS990/Form990PartVIISectionAGrp/PersonNm5Slade Cutter
IRS990/Form990PartVIISectionAGrp/PersonNm6Ben De Leon
IRS990/Form990PartVIISectionAGrp/PersonNm7Robert Franco Jr
IRS990/Form990PartVIISectionAGrp/PersonNm8Barrett R Howell
IRS990/Form990PartVIISectionAGrp/PersonNm9Eugene Sepulveda
IRS990/Form990PartVIISectionAGrp/PersonNm10Veronica Briseno Lara
IRS990/Form990PartVIISectionAGrp/PersonNm11Luisa M Gavino-Martinez
IRS990/Form990PartVIISectionAGrp/PersonNm12Mike Perrine
IRS990/Form990PartVIISectionAGrp/PersonNm13Jeffrey Boney
IRS990/Form990PartVIISectionAGrp/PersonNm14John Gomez
IRS990/Form990PartVIISectionAGrp/PersonNm15Tanya Makany-Rivera
IRS990/Form990PartVIISectionAGrp/PersonNm16Donna C Normandin
IRS990/Form990PartVIISectionAGrp/PersonNm17Gary Lindner
IRS990/Form990PartVIISectionAGrp/PersonNm18Julia Dunn
IRS990/Form990PartVIISectionAGrp/PersonNm19Charles McElrath
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17198116
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1899308
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19170100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chair
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/TitleTxt17President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt18CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt19President of SDDF
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt013741
IRS990/FundraisingDirectExpensesAmt020686
IRS990/FundraisingGrossIncomeAmt027068
IRS990/GainOrLossGrp/OtherAmt040649
IRS990/GainOrLossGrp/SecuritiesAmt04913
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0429734
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt040649
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt08021503
IRS990/GrossReceiptsAmt014480931
IRS990/GrossRentsGrp/RealAmt042141
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt06474
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt016646
IRS990/InformationTechnologyGrp/ProgramServicesAmt069360
IRS990/InformationTechnologyGrp/TotalAmt092480
IRS990/InsuranceGrp/FundraisingAmt03052
IRS990/InsuranceGrp/ManagementAndGeneralAmt07847
IRS990/InsuranceGrp/ProgramServicesAmt032696
IRS990/InsuranceGrp/TotalAmt043595
IRS990/InterestGrp/ProgramServicesAmt0373992
IRS990/InterestGrp/TotalAmt0373992
IRS990/InvestmentExpenseAmt028436
IRS990/InvestmentIncomeGrp/ExclusionAmt0153114
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0153114
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0762324
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0642413
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02944851
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02938516
IRS990/LandBldgEquipCostOrOtherBssAmt03580929
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt08016590
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PeopleFund creates economic opportunity and financial stability for underserved people by providing access to capital, education, and resources to build healthy small businesses.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012438820
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt018487265
IRS990/NetAssetsOrFundBalancesBOYAmt07139993
IRS990/NetAssetsOrFundBalancesEOYAmt011600333
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt045562
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt045562
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt06382
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt06382
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt042141
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt042141
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01103647
IRS990/NoncashContributionsAmt01630096
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt021658
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt055693
IRS990/OfficeExpensesGrp/ProgramServicesAmt0232056
IRS990/OfficeExpensesGrp/TotalAmt0309407
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt033077
IRS990/OtherChangesInNetAssetsAmt01218643
IRS990/OtherExpensesGrp/Desc0Bad Debt
IRS990/OtherExpensesGrp/Desc1Lending Costs
IRS990/OtherExpensesGrp/Desc2Property Taxes
IRS990/OtherExpensesGrp/Desc3Other Costs
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01621
IRS990/OtherExpensesGrp/ProgramServicesAmt0784235
IRS990/OtherExpensesGrp/ProgramServicesAmt1151992
IRS990/OtherExpensesGrp/ProgramServicesAmt227749
IRS990/OtherExpensesGrp/TotalAmt0784235
IRS990/OtherExpensesGrp/TotalAmt1151992
IRS990/OtherExpensesGrp/TotalAmt227749
IRS990/OtherExpensesGrp/TotalAmt31621
IRS990/OtherLiabilitiesGrp/BOYAmt010724
IRS990/OtherLiabilitiesGrp/EOYAmt077457
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0158
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0158
IRS990/OtherRevenueTotalAmt0158
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0120142
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0308938
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01287238
IRS990/OtherSalariesAndWagesGrp/TotalAmt01716318
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt012421515
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt017612587
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0693064
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0732232
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09811
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030994
IRS990/PrincipalOfficerNm0Gary Lindner
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2561000
IRS990/ProgramServiceRevenueGrp/Desc0Small Business Lending Program
IRS990/ProgramServiceRevenueGrp/Desc1Bad Debt Recovery
IRS990/ProgramServiceRevenueGrp/Desc2Management fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01451692
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1323012
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt269583
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01451692
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1323012
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt269583
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01501826
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-10818
IRS990/PYOtherExpensesAmt01593085
IRS990/PYOtherRevenueAmt049558
IRS990/PYProgramServiceRevenueAmt01350570
IRS990/PYRevenuesLessExpensesAmt0-340427
IRS990/PYSalariesCompEmpBnftPaidAmt01638478
IRS990/PYTotalExpensesAmt03231563
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02891136
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt02054254
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt042141
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01844287
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02986843
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05473624
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04352011
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01501826

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,432,930
Liabilities
$18,832,597
Net assets
$11,600,333
Revenue
$6,443,655
Expenses
$4,389,401
Net income
$2,054,254
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.6$66.6$31.0$23.7$13.9$9.83
2023Summary only. Only limited summary data is available for this year.$75.3$54.1$21.2$11.2$11.2$0.03
2022Summary only. Only limited summary data is available for this year.$70.0$49.3$20.7$11.2$10.4$0.83
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.1$45.5$20.6$14.5$7.53$7.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.6$39.0$13.6$15.7$13.2$2.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.8$32.6$11.1$7.38$6.54$0.84
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.6$28.8$12.8$5.68$5.51$0.17
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.5$26.8$12.7$7.09$5.86$1.24
2016Detailed filing. Detailed filing data is available for this year.$30.4$18.8$11.6$6.44$4.39$2.05
2015Detailed filing. Detailed filing data is available for this year.$19.8$12.7$7.14$2.89$3.23$0.34
2014Summary only. Only limited summary data is available for this year.$15.3$7.85$7.48$2.71$2.53$0.18
2013Detailed filing. Detailed filing data is available for this year.$14.5$7.17$7.30$2.38$2.25$0.13
2012Summary only. Only limited summary data is available for this year.$13.7$6.54$7.17$1.68$1.74$0.06
2011Summary only. Only limited summary data is available for this year.$12.9$5.95$6.99$1.75$1.95$0.20