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: Verified by RoundPaper

FY 2023

Verified NonprofitLast Filed 2023EIN 23-2920364

Pennsylvania Microenterprise Coalition

PHILADELPHIA, PANTEE: S99Founded 1997Website

mission statement

The pa cdfi network is organized exclusively for charitable and educational purposes of providing information, advice and necessary financial assistance to federally-certified (continued on schedule o)

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Total Revenue

$18.4M

FY 2023

Program Spending

98%

of total expenses

Known Funders

2020–2024 filings

Key Metrics (FY 2023)

The Numbers

$4.2M

Total Assets

$1.5M net

1.03 mo

Operating Reserves

FY 2023

+5%

Revenue Growth

YoY

Total Employees

FY 2023

Funding Track Record

Backed by 5 Institutional Funders

$239K raised across 5 grants (2020–2024 filings)

Funder Geography

Funders across 2 states (2020–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
Community First Fund	LANCASTER, PA	$73,651
The Philadelphia Foundation	PHILADELPHIA, PA	$50,000
Truist Foundation Fka Suntrust Foundation	ORLANDO, FL	$50,000
The Reinvestment Fund Inc	PHILADELPHIA, PA	$42,790
Bridgeway Capital Inc	PITTSBURGH, PA	$22,790

Total tracked: $239,231 across 5 grants (2020–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2023)

What They Do

$17.4M in expenses

The pa cdfi network collaborates on regional and statewide initiatives to support small businesses. It has the capacity to engage with large-scale funders, allowing for the deployment of more resources to a wider range of business owners than any one cdfi can serve. In 2020-2021, the network obtained 249 million from cares ACT resources to manage state and county-based programs and delivered the keep your doors open program. As a result, 14,500 small businesses received recovery grants and 57% of the funds went to businesses owned by people of color. (continued on schedule o)

Financial History

Revenue Over Time

Governance (FY 2023)

Leadership

Varsovia Fernandez

Chief Executive Officer

David Kahley

Board Member

Evelyn Smalls

Board Member

Leslie Benoliel

Treasurer

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