Civic Intelligence

Peoplefund

990 • Fiscal year 2017 • EIN 74-2814572

Jan 01, 2017 to Dec 31, 2017 • Filed on May 24, 2018

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

81st percentile

0.68x

Higher debt load relative to assets than 81% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

3.77x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

77th percentile

17%

Higher net margin than 77% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

60th percentile

$285,495

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

91st percentile

30%

Faster asset growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

10%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$39,491,560

Up $9,058,630 (+30%) from 2016

Net Assets

Up

$12,735,960

Up $1,135,627 (+9.8%) from 2016

Liabilities

Up

$26,755,600

Up $7,923,003 (+42%) from 2016

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin77th percentile

Revenue

Up

$7,094,094

Up $650,439 (+10%) from 2016

Expenses

Up

$5,858,954

Up $1,469,553 (+33%) from 2016

Net Income

Down

$1,235,140

Down $819,114 (-40%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2017

Assets$39,491,560
Liabilities$26,755,600
Net Assets$12,735,960
Open 2017 Filing

Operations Trend

Revenue Growth64th 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

2017

Revenue$7,094,094
Expenses$5,858,954
Net Income$1,235,140
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 24, 2018
Return Version
2017v2.2
Gross Receipts
$14,545,534
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$17,612,587$21,452,733▲ $3,840,146
Savings and Temporary Cash Investments$5,473,624$9,040,427▲ $3,566,803
Cash and Non-Interest-Bearing Accounts$2,849,576$3,878,698▲ $1,029,122
Land, Buildings, and Equipment, Net$2,938,516$3,313,802▲ $375,286
Pledges and Grants Receivable$732,232$1,459,506▲ $727,274
Investments Program Related$762,324$267,324▼ $495,000
Prepaid Expenses and Deferred Charges$30,994$54,575▲ $23,581
Total Assets$30,432,930$39,491,560▲ $9,058,630
Other Assets Total$33,077$24,495▼ $8,582
Liabilities
Unsecured Notes Loans Payable-$23,885,883-
Mortgage Notes Payable Secured by Investment Property$18,487,265$2,226,203▼ $16,261,062
Accounts Payable and Accrued Expenses$267,875$570,551▲ $302,676
Other Liabilities$77,457$72,963▼ $4,494
Total Liabilities$18,832,597$26,755,600▲ $7,923,003
Net Assets / Fund Balance
Unrestricted Net Assets$10,935,223$12,230,778▲ $1,295,555
Temporarily Rstr Net Assets$665,110$505,182▼ $159,928
Total Net Assets Fund Balance$11,600,333$12,735,960▲ $1,135,627
Total Liabilities and Net Assets / Fund Balance$30,432,930$39,491,560▲ $9,058,630

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,687,347$531,554$3,218,901
Equipment$232,276$224,924$457,200
Land$379,880-$379,880
Other Land Buildings$14,299$21,826$36,125
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles McElrathPresident of SDDFFT$38,769$246,726$285,495
Gary LindnerPresident and CEOFT$146,016$20,940$166,956
Julia DunnCFOFT$107,520$4,277$111,797

Board Members and Trustees

NameTitle
Irvin Ashford JrBoard Chair
Eugene SepulvedaBoard Chair Emeritus
Anna SanchezPast Chair
Barrett R HowellVice Chair
Brian A HallDirector
Daniel M HodgesDirector
Eric M BustosDirector
James Nortey IIDirector
Jeffrey BoneyDirector
John GomezDirector
Kathy D BurrellDirector
Larry ConleyDirector
Lori JacobsonDirector
Mike PerrineDirector
Nina NelmsDirector
Robert Franco JrDirector
Sonia TrocheDirector
Tanya Makany-RiveraDirector
Veronica Briseno LaraDirector
Yoly DavilaDirector
Donna C NormandinSecretary
Luisa M Gavino-MartinezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,772,592
Program Service Revenue
$2,996,536
Investment Income
$267,991
Other Revenue
$56,975
All Other Contributions
$3,248,600
Change in Net Assets
$1,235,140

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
Real Estate Commercial1$410,000Fair Market Value (FMV)
Other Non Cash Contri Table92$9,420Fair Market Value (FMV)
Total Noncash Contributions93$419,420-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,062,366
Revenue Not Reported on Financial Statements
$31,728
Revenue Not Reported on Form 990
$35,479
Total Revenue per Audited Statements
$7,097,845
Total Revenue per Form 990
$7,094,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,209,160
Salaries, Compensation, and Employee Benefits$2,649,794
Total Fundraising Expense$250,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,564,159$375,398$145,989$2,085,546
Current Officers, Directors, Trustees, and Key Employees$423,186$101,565$39,497$564,248
Interest$506,214--$506,214
Office Expenses$269,098$64,584$25,116$358,798
Information Technology$161,781$38,827$15,100$215,708
Fees for Services Legal$145,715$7,992$3,108$156,815
Depreciation Depletion$101,919$24,460$9,512$135,891
Travel$63,486$15,237$5,925$84,648
Fees for Services Accounting$51,181$2,807$1,092$55,080
Advertising$40,387$5,146$2,001$47,534
Insurance$34,543$8,290$3,224$46,057
Other Expenses$120,247$21,371-$21,371
Fees for Services Other$13,076$718$279$14,073
Total Functional Expenses$4,941,716$666,395$250,843$5,858,954

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,868,059
Expenses per Audited Statements$5,858,954
Total Expenses per Form 990$5,858,954
Expenses Not Reported on Form 990$9,105
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$9,856
Fundraising Direct Expenses$9,105
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
East Night$14,956$5,456$1,658$3,798
Total Events$19,356$9,856$9,105$751
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$56,884
Secondary Market Discount$13,222
Security Deposits$1,849
Amortized Accrued Interest$1,008
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
2018-05-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Lindner
Formed
1994
Legal Domicile
TX
Voting Board Members
18
Independent Board Members
18
Employees
46
Volunteers
327

Preparer

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

Additional Explanations

Form 990, Part XI, line 9:

“Reimbursement for reserve cash -94,159.”

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, 2017 and 2016, 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 9,105.”

Part XII, Line 2D - Other Adjustments:

“Reclass for Fundraising Expenses 9,105.”

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IRS990/Form990PartVIISectionAGrp/PersonNm0Irvin Ashford Jr
IRS990/Form990PartVIISectionAGrp/PersonNm1Anna Sanchez
IRS990/Form990PartVIISectionAGrp/PersonNm2Barrett R Howell
IRS990/Form990PartVIISectionAGrp/PersonNm3Luisa M Gavino-Martinez
IRS990/Form990PartVIISectionAGrp/PersonNm4Donna C Normandin
IRS990/Form990PartVIISectionAGrp/PersonNm5Kathy D Burrell
IRS990/Form990PartVIISectionAGrp/PersonNm6Robert Franco Jr
IRS990/Form990PartVIISectionAGrp/PersonNm7Veronica Briseno Lara
IRS990/Form990PartVIISectionAGrp/PersonNm8Mike Perrine
IRS990/Form990PartVIISectionAGrp/PersonNm9Eugene Sepulveda
IRS990/Form990PartVIISectionAGrp/PersonNm10Jeffrey Boney
IRS990/Form990PartVIISectionAGrp/PersonNm11John Gomez
IRS990/Form990PartVIISectionAGrp/PersonNm12Tanya Makany-Rivera
IRS990/Form990PartVIISectionAGrp/PersonNm13Eric M Bustos
IRS990/Form990PartVIISectionAGrp/PersonNm14Lori Jacobson
IRS990/Form990PartVIISectionAGrp/PersonNm15Larry Conley
IRS990/Form990PartVIISectionAGrp/PersonNm16Yoly Davila
IRS990/Form990PartVIISectionAGrp/PersonNm17Brian A Hall
IRS990/Form990PartVIISectionAGrp/PersonNm18Daniel M Hodges
IRS990/Form990PartVIISectionAGrp/PersonNm19Nina Nelms
IRS990/Form990PartVIISectionAGrp/PersonNm20James Nortey II
IRS990/Form990PartVIISectionAGrp/PersonNm21Sonia Troche
IRS990/Form990PartVIISectionAGrp/PersonNm22Gary Lindner
IRS990/Form990PartVIISectionAGrp/PersonNm23Charles McElrath
IRS990/Form990PartVIISectionAGrp/PersonNm24Julia Dunn
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22160616
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23283944
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24107520
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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
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/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Chair Emeritus
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt23President of SDDF
IRS990/Form990PartVIISectionAGrp/TitleTxt24CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt09500
IRS990/FundraisingDirectExpensesAmt09105
IRS990/FundraisingGrossIncomeAmt09856
IRS990/GainOrLossGrp/SecuritiesAmt043478
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GovernmentGrantsAmt0514492
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt07485813
IRS990/GrossReceiptsAmt014545534
IRS990/GrossRentsGrp/RealAmt053748
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt015100
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt038827
IRS990/InformationTechnologyGrp/ProgramServicesAmt0161781
IRS990/InformationTechnologyGrp/TotalAmt0215708
IRS990/InsuranceGrp/FundraisingAmt03224
IRS990/InsuranceGrp/ManagementAndGeneralAmt08290
IRS990/InsuranceGrp/ProgramServicesAmt034543
IRS990/InsuranceGrp/TotalAmt046057
IRS990/InterestGrp/ProgramServicesAmt0506214
IRS990/InterestGrp/TotalAmt0506214
IRS990/InvestmentExpenseAmt0-31728
IRS990/InvestmentIncomeGrp/ExclusionAmt0224513
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0224513
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0762324
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0267324
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0778304
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02938516
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03313802
IRS990/LandBldgEquipCostOrOtherBssAmt04092106
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt07442335
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/BOYAmt018487265
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02226203
IRS990/NetAssetsOrFundBalancesBOYAmt011600333
IRS990/NetAssetsOrFundBalancesEOYAmt012735960
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt043478
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt043478
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0751
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0751
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt053748
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt053748
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt0419420
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt025116
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt064584
IRS990/OfficeExpensesGrp/ProgramServicesAmt0269098
IRS990/OfficeExpensesGrp/TotalAmt0358798
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt033077
IRS990/OtherAssetsTotalGrp/EOYAmt024495
IRS990/OtherChangesInNetAssetsAmt0-94159
IRS990/OtherExpensesGrp/Desc0Bad Debt
IRS990/OtherExpensesGrp/Desc1Lending Costs
IRS990/OtherExpensesGrp/Desc2Property Taxes
IRS990/OtherExpensesGrp/Desc3Other Costs
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021371
IRS990/OtherExpensesGrp/ProgramServicesAmt0919334
IRS990/OtherExpensesGrp/ProgramServicesAmt1527390
IRS990/OtherExpensesGrp/ProgramServicesAmt2120247
IRS990/OtherExpensesGrp/TotalAmt0919334
IRS990/OtherExpensesGrp/TotalAmt1527390
IRS990/OtherExpensesGrp/TotalAmt2120247
IRS990/OtherExpensesGrp/TotalAmt321371
IRS990/OtherLiabilitiesGrp/BOYAmt077457
IRS990/OtherLiabilitiesGrp/EOYAmt072963
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02476
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02476
IRS990/OtherRevenueTotalAmt02476
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0145989
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0375398
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01564159
IRS990/OtherSalariesAndWagesGrp/TotalAmt02085546
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt017612587
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt021452733
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0732232
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01459506
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030994
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt054575
IRS990/PrincipalOfficerNm0Gary Lindner
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Small Business Lending Program
IRS990/ProgramServiceRevenueGrp/Desc1NMTC Program
IRS990/ProgramServiceRevenueGrp/Desc2Bad Debt Recovery
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01767479
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1746039
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2483018

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$39,491,560
Liabilities
$26,755,600
Net assets
$12,735,960
Revenue
$7,094,094
Expenses
$5,858,954
Net income
$1,235,140
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
2017Detailed filing. Detailed filing data is available for this year.$39.5$26.8$12.7$7.09$5.86$1.24
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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