Civic Intelligence

Equitable Facilities Fund Inc.

990 • Fiscal year 2021 • EIN 82-2351889

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileEQFUND.ORG
228 Park Ave S Pmb 61633New York, NY 10003-1502

(212) 506-5089

Siviq Scores

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

Liabilities / Assets

80th percentile

0.69x

Higher debt load relative to assets than 80% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

16.80x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

92nd percentile

57%

Higher net margin than 92% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

42nd percentile

$621,950

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

95th percentile

47%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

5th percentile

-29%

Faster revenue growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$843,754,758

Up $268,269,806 (+47%) from 2020

Net Assets

Up

$263,609,042

Up $21,298,086 (+8.8%) from 2020

Liabilities

Up

$580,145,716

Up $246,971,720 (+74%) from 2020

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin92nd percentile

Revenue

Down

$34,535,002

Down $13,781,177 (-29%) from 2020

Expenses

Up

$14,997,159

Up $5,425,396 (+57%) from 2020

Net Income

Down

$19,537,843

Down $19,206,573 (-50%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$2.0B$1.5B$1.0B$500M$0Assets 2018: $152,587,484Liabilities 2018: $337,145Net Assets 2018: $152,250,3392018Assets 2019: $338,841,611Liabilities 2019: $132,680,069Net Assets 2019: $206,161,5422019Assets 2020: $575,484,952Liabilities 2020: $333,173,996Net Assets 2020: $242,310,9562020Assets 2021: $843,754,758Liabilities 2021: $580,145,716Net Assets 2021: $263,609,0422021Assets 2022: $1,150,821,941Liabilities 2022: $803,620,450Net Assets 2022: $347,201,4912022Assets 2023: $1,479,720,868Liabilities 2023: $1,087,722,216Net Assets 2023: $391,998,6522023Assets 2024: $1,925,279,588Liabilities 2024: $1,448,793,997Net Assets 2024: $476,485,5912024

Highlighted filing

2021

Assets$843,754,758
Liabilities$580,145,716
Net Assets$263,609,042
Open 2021 Filing

Operations Trend

Revenue Growth5th percentile

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

$200M$150M$100M$50M$0Revenue 2018: $154,040,390Expenses 2018: $1,859,121Net Income 2018: $152,181,2692018Revenue 2019: $11,350,422Expenses 2019: $4,954,431Net Income 2019: $6,395,9912019Revenue 2020: $48,316,179Expenses 2020: $9,571,763Net Income 2020: $38,744,4162020Revenue 2021: $34,535,002Expenses 2021: $14,997,159Net Income 2021: $19,537,8432021Revenue 2022: $109,581,682Expenses 2022: $24,559,398Net Income 2022: $85,022,2842022Revenue 2023: $73,775,771Expenses 2023: $31,779,216Net Income 2023: $41,996,5552023Revenue 2024: $134,913,992Expenses 2024: $51,702,521Net Income 2024: $83,211,4712024

Highlighted filing

2021

Revenue$34,535,002
Expenses$14,997,159
Net Income$19,537,843
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$34,535,002
Mission and Program Overview

Mission

Eff is a nonprofit social impact fund that believes all children deserve a quality education. We empower high-performing public charter schools with equitable access to low-cost, long-term financing by innovatively combining mission-related investments and capital markets.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$395,099,785$580,126,050▲ $185,026,265
Investments Other Securities$174,928,536$257,818,132▲ $82,889,596
Cash and Non-Interest-Bearing Accounts$1,972,764$3,452,036▲ $1,479,272
Prepaid Expenses and Deferred Charges$273,512$359,886▲ $86,374
Land, Buildings, and Equipment, Net$15,273$24,182▲ $8,909
Savings and Temporary Cash Investments$1,705,200$1,541▼ $1,703,659
Intangible Assets$63,793$-481▼ $64,274
Total Assets$575,484,952$843,754,758▲ $268,269,806
Other Assets Total$1,426,089$1,973,412▲ $547,323
Liabilities
Tax Exempt Bond Liabilities$329,692,509$571,507,350▲ $241,814,841
Accounts Payable and Accrued Expenses$3,361,595$4,838,366▲ $1,476,771
Unsecured Notes Loans Payable$0$3,800,000▲ $3,800,000
Other Liabilities$119,892$0▼ $119,892
Total Liabilities$333,173,996$580,145,716▲ $246,971,720
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$204,905,844$262,609,042▲ $57,703,198
Net Assets With Donor Restrictions$37,405,112$1,000,000▼ $36,405,112
Total Net Assets Fund Balance$242,310,956$263,609,042▲ $21,298,086
Total Liabilities and Net Assets / Fund Balance$575,484,952$843,754,758▲ $268,269,806

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,182$29,867$54,049
Leasehold Improvements$0$3,805$3,805
Other Securities$124,954,492--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anand KesavanCEOFT$500,000$121,950$621,950
Michelle GetzChief Credit OfficerFT$220,000$37,155$257,155
Wendy BerryInvestment Principal, Lndg & RsrchFT$180,000$53,628$233,628
Mike McgregorChief of StaffFT$185,000$48,434$233,434
Marc WancerInvestment Principal, Lndg & CreditFT$180,000$37,010$217,010
Joseph MarlarGeneral CounselFT$141,907$15,299$157,206
Shannon FalonInvestment AssociateFT$132,000$16,658$148,658
Karina VadilloInvestment AssociateFT$132,000$15,144$147,144
Kate AufieroDirector of StrategyFT$125,675$7,196$132,871
Quince BrinkleyInvestment Principal, Business DevelopmentFT$103,846$9,779$113,625

Board Members and Trustees

NameTitle
Buddy PhilpotChairman
Scott PearsonSecretary
Kevin HallTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Orrick Herrington & Sutcliffe LLPLegal Counsel405 HOWARD STREET, San Francisco, CA 94105$350,000
Lbmc Employment Partners LLCPeo - Payroll & Employee Benefits201 FRANKLIN RD 200, Brentwood, TN 37027$168,439
-Consulting Services2093 PHILADELPHIA PIKE 5807, Claymont, DE 19703$159,152
Revenue and Support

Revenue Composition

Contributions and Grants
$15,789,312
Program Service Revenue
$18,274,380
Investment Income
$471,310
Other Revenue
$0
All Other Contributions
$15,789,312
Change in Net Assets
$19,537,843

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$14,739,312Fair Market Value (FMV)
Total Noncash Contributions1$14,739,312-

Audited Revenue Reconciliation

Revenue per Audited Statements
$34,535,002
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-38,846
Total Revenue per Audited Statements
$34,496,156
Total Revenue per Form 990
$34,535,002
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,280,507
Salaries, Compensation, and Employee Benefits$2,716,652
Total Fundraising Expense$173,811
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$11,095,052--$11,095,052
Current Officers, Directors, Trustees, and Key Employees$1,283,729$293,756$71,592$1,649,077
Other Salaries and Wages$542,629$118,829$37,521$698,979
Fees for Services Other$389,355$137,580$32,958$559,893
Fees for Services Accounting-$153,523-$153,523
Payroll Taxes$103,782$23,734$6,313$133,829
Other Employee Benefits$95,026$21,467$5,677$122,170
Pension Plan Contributions$87,580$19,785$5,232$112,597
Insurance-$103,579-$103,579
Travel$73,512$16,606$4,391$94,509
Information Technology$72,606$16,402$4,338$93,346
All Other Expenses$24,576$16,061$1,076$41,713
Occupancy$31,267$7,063$1,868$40,198
Office Expenses$14,881$3,361$889$19,131
Advertising-$18,932-$18,932
Depreciation Depletion$11,116$2,542$676$14,334
Fees for Services Legal-$7,621-$7,621
Other Expenses$21,426$4,281$1,280$4,281
Conferences and Meetings$500--$500
Total Functional Expenses$13,847,037$976,311$173,811$14,997,159

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,997,159
Total Expenses per Audited Statements$14,997,159
Total Expenses per Form 990$14,997,159
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
CArizona Industrial Development Authority2020-08-27$146,976,682To finance loans for capital projects for public charter schools
AArizona Industrial Development Authority2021-10-20$142,415,764To finance loans for capital projects for public charter schools
AArizona Industrial Development Authority2019-08-29$109,558,533To finance loans for capital projects for public charter schools
DCalifornia Infrastructure and Economic Development Bank2020-08-27$57,945,093To finance loans for capital projects for public charter schools
BCalifornia Infrastructure and Economic Development Bank2021-10-20$35,680,967To finance loans for capital projects for public charter schools
DCity of Albany Capital Resource Corporation2021-10-20$28,759,224To finance loans for capital projects for public charter schools
AArizona Industrial Development Authority2021-10-20$23,608,055To finance loans for capital projects for public charter schools
BCalifornia Infrastucture and Economic Development Bank2019-08-29$23,214,309To finance loans for capital projects for public charter schools
CMassachusetts Development Finance Agency2021-10-20$20,647,335To finance loans for capital projects for public charter schools

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$147,317,865$66,304,843$645,000$1,985,532
A$142,424,102$7,682,869-$1,349,809
A$110,487,326$68,009,182$2,500,000$2,191,102
D$58,006,440$1,043,753$465,000$712,100
B$35,681,160$20,446,183-$332,240
D$28,760,617--$466,262
A$23,617,739--$300,474
B$23,412,808$13,575,947$525,000$463,376
C$20,648,323$27,641,114-$230,333

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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
Yes
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 A, Line 6

“Equitable facilities fund is made up of member organizations.”

Form 990, Part VI, Section A, Line 7A

“Equitable facilities fund has member organizations that elect board members.”

Form 990, Part VI, Section A, Line 8B

“The governing body currently does not have any sub-committees.”

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

“The board retains the services of an independent cpa firm to prepare the organization's form 990. Management reviews the completed form 990 and provides a full copy to all voting members of the governing body prior to filing.”

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

“Officers, directors, trustees, and key employees are annually required to complete a conflict of interest disclosure statement as a precursor to their service to the organization. Potential conflicts are logged with and monitored by the board of directors.”

Form 990, Part VI, Section B, Line 15

“Annually, the board conducts a performance evaluation of the ceo, which includes reviewing compensation. The board annually ensures three elements are included in its review of executive compensation: 1) all compensations changes are approved in advance by the board; 2) there is concurrent documentation for the decision reflected in board minutes; and, 3) there is a reliance on appropriate comparability data. Any changes to executive compensation are a result of these procedures. Eff management prepared an executive compensation strategy for the board's review and approval during the november 2017 board meeting. The strategy was prepared based on a survey of other comparable nonprofit organizations. The strategy included pay bands and total compensation for executive team members as well as process for reviewing and approving executive team salary decisions. The board approved the strategy on 11.8.2017. Annually prior to the beginning of each fiscal year, the board has approved changes in executive compensation based on this original strategy and by reviewing appropriate comparable compensation data.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available through applicable governmental agencies; the conflict of interest policy is available upon written request to the organization.”

Filing and Contact Details

Filer

Filer Name
Equitable Facilities Fund Inc
EIN
82-2351889
Phone
2125065089
Address
228 PARK AVE S PMB 61633, NEW YORK, NY 10003-1502

Signing Officer

Name
Anand Kesavan
Title
CEO
Phone
2125065089
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anand Kesavan
Formed
2017
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
14
Volunteers
3

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
Lu Ann Trapp
Phone
3122071040
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Gain on derivatives 1,799,089.”

Raw XML AppendixShowing 400 of 1,213 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03361595
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04838366
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0EFF IS A NONPROFIT SOCIAL IMPACT FUND THAT BELIEVES ALL CHILDREN DESERVE A QUALITY EDUCATION. WE EMPOWER HIGH-PERFORMING PUBLIC CHARTER SCHOOLS WITH EQUITABLE ACCESS TO LOW-COST, LONG-TERM FINANCING BY INNOVATIVELY COMBINING MISSION-RELATED INVESTMENTS AND CAPITAL MARKETS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt018932
IRS990/AdvertisingGrp/TotalAmt018932
IRS990/AllOtherContributionsAmt015789312
IRS990/AllOtherExpensesGrp/FundraisingAmt01076
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt016061
IRS990/AllOtherExpensesGrp/ProgramServicesAmt024576
IRS990/AllOtherExpensesGrp/TotalAmt041713
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0ANAND KESAVAN CEO
IRS990/BooksInCareOfDetail/PhoneNum02125065089
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0228 PARK AVE S
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0100031502
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01972764
IRS990/CashNonInterestBearingGrp/EOYAmt03452036
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt071592
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0293756
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt01283729
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt01649077
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0500
IRS990/ConferencesMeetingsGrp/TotalAmt0500
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0350000
IRS990/ContractorCompensationGrp/CompensationAmt1168439
IRS990/ContractorCompensationGrp/CompensationAmt2159152
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0405 HOWARD STREET
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1201 FRANKLIN RD 200
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt22093 PHILADELPHIA PIKE 5807
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SAN FRANCISCO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1BRENTWOOD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2CLAYMONT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1TN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2DE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd094105
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd137027
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd219703
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0ORRICK HERRINGTON & SUTCLIFFE LLP
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1LBMC EMPLOYMENT PARTNERS LLC
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0ZATA CONSULTING LLC
IRS990/ContractorCompensationGrp/ServicesDesc0LEGAL COUNSEL
IRS990/ContractorCompensationGrp/ServicesDesc1PEO - PAYROLL & EMPLOYEE BENEFITS
IRS990/ContractorCompensationGrp/ServicesDesc2CONSULTING SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt015789312
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0471310
IRS990/CYOtherExpensesAmt012280507
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt018274380
IRS990/CYRevenuesLessExpensesAmt019537843
IRS990/CYSalariesCompEmpBnftPaidAmt02716652
IRS990/CYTotalExpensesAmt014997159
IRS990/CYTotalFundraisingExpenseAmt0173811
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt034535002
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0676
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02542
IRS990/DepreciationDepletionGrp/ProgramServicesAmt011116
IRS990/DepreciationDepletionGrp/TotalAmt014334
IRS990/Desc0THE EQUITABLE FACILITIES FUND LEVERAGES DONATIONS AND OTHER PHILANTHROPIC MONIES IT RECEIVES AND HOLDS TO ENABLE CHARTER SCHOOLS TO BORROW MORE CHEAPLY AND EFFECTIVELY. DESIGNING, IMPLEMENTING AND MAINTAINING THIS NEW SOURCE OF CAPITAL FOR CHARTER SCHOOL FACILITIES WILL ULTIMATELY LEAD TO IMPROVED PUBLIC EDUCATION FOR CHILDREN.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt037405112
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01000000
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt014
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt013847037
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0153523
IRS990/FeesForServicesAccountingGrp/TotalAmt0153523
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt07621
IRS990/FeesForServicesLegalGrp/TotalAmt07621
IRS990/FeesForServicesOtherGrp/FundraisingAmt032958
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0137580
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0389355
IRS990/FeesForServicesOtherGrp/TotalAmt0559893
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3121950
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt437155
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt520684
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt635628
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt719010
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt816658
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt915144
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1015299
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt117196
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt129779
IRS990/Form990PartVIISectionAGrp/PersonNm0BUDDY PHILPOT
IRS990/Form990PartVIISectionAGrp/PersonNm1SCOTT PEARSON
IRS990/Form990PartVIISectionAGrp/PersonNm2KEVIN HALL
IRS990/Form990PartVIISectionAGrp/PersonNm3ANAND KESAVAN
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHELLE GETZ
IRS990/Form990PartVIISectionAGrp/PersonNm5MIKE MCGREGOR
IRS990/Form990PartVIISectionAGrp/PersonNm6WENDY BERRY
IRS990/Form990PartVIISectionAGrp/PersonNm7MARC WANCER
IRS990/Form990PartVIISectionAGrp/PersonNm8SHANNON FALON
IRS990/Form990PartVIISectionAGrp/PersonNm9KARINA VADILLO
IRS990/Form990PartVIISectionAGrp/PersonNm10JOSEPH MARLAR
IRS990/Form990PartVIISectionAGrp/PersonNm11KATE AUFIERO
IRS990/Form990PartVIISectionAGrp/PersonNm12QUINCE BRINKLEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3500000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4220000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5212750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6198000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7198000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8132000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9132000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10141907
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11125675
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12103846
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/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF CREDIT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt6INVESTMENT PRINCIPAL, LNDG & RSRCH
IRS990/Form990PartVIISectionAGrp/TitleTxt7INVESTMENT PRINCIPAL, LNDG & CREDIT
IRS990/Form990PartVIISectionAGrp/TitleTxt8INVESTMENT ASSOCIATE
IRS990/Form990PartVIISectionAGrp/TitleTxt9INVESTMENT ASSOCIATE
IRS990/Form990PartVIISectionAGrp/TitleTxt10GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR OF STRATEGY
IRS990/Form990PartVIISectionAGrp/TitleTxt12INVESTMENT PRINCIPAL, BUSINESS DEVELOPMENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt034535002
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt010
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt04338
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt016402
IRS990/InformationTechnologyGrp/ProgramServicesAmt072606
IRS990/InformationTechnologyGrp/TotalAmt093346
IRS990/InsuranceGrp/ManagementAndGeneralAmt0103579
IRS990/InsuranceGrp/TotalAmt0103579
IRS990/IntangibleAssetsGrp/BOYAmt063793
IRS990/IntangibleAssetsGrp/EOYAmt0-481
IRS990/InterestGrp/ProgramServicesAmt011095052
IRS990/InterestGrp/TotalAmt011095052
IRS990/InvestmentIncomeGrp/ExclusionAmt0471310
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0471310
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0174928536
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0257818132
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt033672
IRS990/LandBldgEquipBasisNetGrp/BOYAmt015273
IRS990/LandBldgEquipBasisNetGrp/EOYAmt024182
IRS990/LandBldgEquipCostOrOtherBssAmt057854
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EFF IS A NONPROFIT SOCIAL IMPACT FUND THAT BELIEVES ALL CHILDREN DESERVE A QUALITY EDUCATION. WE EMPOWER HIGH-PERFORMING PUBLIC CHARTER SCHOOLS WITH EQUITABLE ACCESS TO LOW-COST, LONG-TERM FINANCING BY INNOVATIVELY COMBINING MISSION-RELATED INVESTMENTS AND CAPITAL MARKETS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0242310956
IRS990/NetAssetsOrFundBalancesEOYAmt0263609042
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-38846
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0204905844
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0262609042
IRS990/NoncashContributionsAmt014739312
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01868
IRS990/OccupancyGrp/ManagementAndGeneralAmt07063
IRS990/OccupancyGrp/ProgramServicesAmt031267
IRS990/OccupancyGrp/TotalAmt040198
IRS990/OfficeExpensesGrp/FundraisingAmt0889
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03361
IRS990/OfficeExpensesGrp/ProgramServicesAmt014881
IRS990/OfficeExpensesGrp/TotalAmt019131
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01426089
IRS990/OtherAssetsTotalGrp/EOYAmt01973412
IRS990/OtherChangesInNetAssetsAmt01799089
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05677
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021467
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt095026
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0122170
IRS990/OtherExpensesGrp/Desc0STAFF DEVELOPEMENT
IRS990/OtherExpensesGrp/Desc1BUSINESS LICENSES
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt01280
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04840
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16349
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24281
IRS990/OtherExpensesGrp/ProgramServicesAmt021426
IRS990/OtherExpensesGrp/TotalAmt027546
IRS990/OtherExpensesGrp/TotalAmt16349
IRS990/OtherExpensesGrp/TotalAmt24281
IRS990/OtherLiabilitiesGrp/BOYAmt0119892
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt037521
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0118829
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0542629
IRS990/OtherSalariesAndWagesGrp/TotalAmt0698979
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0395099785
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0580126050
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06313
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023734
IRS990/PayrollTaxesGrp/ProgramServicesAmt0103782
IRS990/PayrollTaxesGrp/TotalAmt0133829
IRS990/PensionPlanContributionsGrp/FundraisingAmt05232
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019785
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt087580
IRS990/PensionPlanContributionsGrp/TotalAmt0112597
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0273512
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0359886
IRS990/PrincipalOfficerNm0ANAND KESAVAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018217380
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt157000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018217380
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt157000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt037216421
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0853643
IRS990/PYOtherExpensesAmt07526330
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt010246115
IRS990/PYRevenuesLessExpensesAmt038744416
IRS990/PYSalariesCompEmpBnftPaidAmt02045433
IRS990/PYTotalExpensesAmt09571763
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt048316179
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt019537843
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt018274380
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01705200
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01541
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0841553195
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1300274709
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$843,754,758
Liabilities
$580,145,716
Net assets
$263,609,042
Revenue
$34,535,002
Expenses
$14,997,159
Net income
$19,537,843
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,925$1,449$476$135$51.7$83.2
2023Detailed filing. Detailed filing data is available for this year.$1,480$1,088$392$73.8$31.8$42.0
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,151$804$347$110$24.6$85.0
2021Detailed filing. Detailed filing data is available for this year.$844$580$264$34.5$15.0$19.5
2020Detailed filing. Detailed filing data is available for this year.$575$333$242$48.3$9.57$38.7
2019Summary only. Only limited summary data is available for this year.$339$133$206$11.4$4.95$6.40
2018Detailed filing. Detailed filing data is available for this year.$153$0.34$152$154$1.86$152