Inclusiv Inc
90% goes to programs $0 to raise $100 Strong reserves Growing revenue
Inclusiv Inc is a 501(c)(3) organization based in New York, New York, registered in 1977, with $1,897,878,390 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
55 Broadway 29th Floor, New York, NY, 10006 EIN 11-2421972 Since 1977
Revenue (FY2024)
$1.9B
▲ 15800.9% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$15.0M
Net assets
$1.9B
Employees
53
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating90% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Inclusiv Inc: 90% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating1527 mo reserves · +99% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Inclusiv Inc: 1527 mo reserves · +99% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Inclusiv Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Inclusiv Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The mission of inclusiv is to help low- and moderate-income people and communities achieve financial independence through credit unions.
What they do
Inclusiv's center for resiliency and clean energy was created in 2019 to teach and support community-based financial institutions (credit unions, financial cooperatives, cdfi loan funds, community banks, and green banks) launching and scaling clean energy finance initiatives that enable communities to access affordable clean energy services, reduce energy burdens, create good jobs, and build climate resilience and disaster preparedness. the center provides practical, hands-on training and technical assistance for community lenders; technology platforms and financial instruments that help to scale community-based clean energy markets; and research and thought leadership to help identify opportunities for investment and growth of these markets.
Inclusiv offers a variety of support services to its small (under $100 million in assets) and mdi designated credit union members, which serve people and communities traditionally marginalized by the financial mainstream. through our learning centers we provide specialized know-how to support these vital institutions' growth and impact. we also provide data analytic tools, liquidity solutions and, when funding opportunities become available, grant programs to support under-resourced credit unions in making strategic investments that enhance their capacity to serve low-income and underserved members of their communities.
Activities related to furthering the organization's mission, including financial counseling and the advancement of financial inclusion for multiple underserved populations.
Contact & location
- Address
- 55 Broadway 29th Floor, New York, NY, 10006
- City
- New York
- State
- New York
- Category
- Public & Societal Benefit
- Subcategory
- Alliances, Advocacy & Professional Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $3.6M (FY2013) to $1.9B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $52.1MNet assets $1.9B
Operating margin
99.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0B
Total liabilities
$52.1M
Net assets
$1.9B
Salaries & benefits
$7.1M
47% of expenses
Board members
15
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,897,878,390▲15801% | $14,997,310▲48.2% | $1,908,536,891▲7370% | $1,960,631,669▲2594% | 990 |
| 2023 | $11,935,667▼7.1% | $10,119,825▲17.6% | $25,547,648▼14.7% | $72,784,355▼25.4% | 990 |
| 2022 | $12,847,743▲10.0% | $8,604,317▲9.9% | $29,946,805▲16.2% | $97,622,121▲19.1% | 990 |
| 2021 | $11,675,064▲41.8% | $7,829,459▲20.7% | $25,763,550▲17.5% | $81,962,812▲57.6% | 990 |
| 2020 | $8,231,612▲17.1% | $6,486,141▲15.1% | $21,917,945▲13.3% | $51,995,198▲15.1% | 990 |
| 2019 | $7,029,049▲48.7% | $5,635,794▲8.7% | $19,339,141▲40.4% | $45,172,640▲14.6% | 990 |
| 2018 | $4,725,698▼14.8% | $5,183,050▲18.1% | $13,779,219▼3.4% | $39,404,925▲15.9% | 990 |
| 2017 | $5,548,606▲35.9% | $4,388,916▲20.7% | $14,266,396▲44.4% | $33,990,376▲20.9% | 990 |
| 2016 | $4,082,542▼0.5% | $3,636,991▼8.1% | $9,879,842▲4.7% | $28,121,450▲8.3% | 990 |
| 2015 | $4,102,946▲16.0% | $3,958,887▲13.5% | $9,434,291▲1.6% | $25,968,912▲1.1% | 990 |
| 2014 | $3,537,484▼1.5% | $3,486,492▼1.9% | $9,290,232▲0.6% | $25,681,027▲0.4% | 990 |
| 2013 | $3,589,703 | $3,555,175▼30.6% | $9,239,240▼0.7% | $25,576,578▼11.3% | 990 |
| 2012 | — | $5,120,713 | $9,306,306 | $28,841,296 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Cathleen Mahon — $366,104 (2.44% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Cathleen Mahon | President/ceo | 40 | $366,104 |
| Eben Sheaffer Thru 092025 | Cfo/cio | 40 | $271,182 |
| Pablo Defilippi | Svp Network Development | 40 | $244,891 |
| Pamela Owens | Vice President | 40 | $208,749 |
| Silvia Rincon | Coo | 40 | $192,154 |
| Neda Arabshahi | Evp Resiliency & Clean Energy | 40 | $186,066 |
| Alexis Iwanisziw | Svp Policy & Communications | 40 | $174,719 |
| Ming Kyung Cathi Kim | Svp, Capital, Investments, & Impact | 40 | $166,084 |
| Ian Forster | General Counsel | 40 | $133,375 |
| Aurelio Arroyo Conzalez | Director | 1 | — |
| Blanche L Jackson | Vice Chairman | 1 | — |
| Diane Sandoval-griego | Director | 1 | — |
| Ed Sivak | Recording Secretary | 1 | — |
| Hank Hubbard | Director | 1 | — |
| Jacqueline Moore | Director | 1 | — |
| Jama R Haynes | Director | 1 | — |
| James Hunter | Corresponding Secretary | 1 | — |
| Jeff Ivey | Director | 1 | — |
| Kathy Chartier | Director | 1 | — |
| Margie Salazar | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Inclusive Prosperity Capital Inc | Consulting | $259,877 |
| Arkatecture | Data and Analytics Consulting Firm | $255,561 |
| Metroconnections Inc | Event Management | $218,062 |
| Tech Impact | Salesforce Implementation & Site Redesig | $181,962 |
| Tmr & Associates LLC | Consulting | $151,239 |
Grants received · $3.8M total
21 grants to Inclusiv Inc totaling $3.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Rf Catalytic Capital Inc | To support capacity building | 2024 | $1,605,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2024 | $100,000 |
| Credit Unions In the State of Washington | Donation | 2024 | $50,000 |
| Credit Unions In the State of California | To help low- and moderate-income people and communities achieve financial independence. | 2024 | $7,500 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2023 | $100,000 |
| Local Initiatives Support Corporation | See part iv | 2023 | $30,000 |
| Credit Unions In the State of California | To help low income communities achieve financial independence though credit unions. | 2023 | $7,500 |
| Windward Fund | Environmental programs | 2022 | $430,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2022 | $100,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2022 | $100,000 |
| Local Initiatives Support Corporation | See part iv | 2022 | $30,000 |
| Kaiser Foundation Health Plan of Georgia Inc | Financial resilience for parents of school aged yo | 2022 | $20,000 |
| The Blackbaud Giving Fund | General support | 2022 | $9,000 |
| Credit Unions In the State of California | To help low income communities achieve financial independence though credit unions. | 2022 | $7,500 |
| Credit Unions In the State of Washington | Membership | 2022 | $7,500 |
Grants made · $1.4M in FY2024
58 grants totaling $1.4M in FY2024 — showing the 15 largest. All grants made by Inclusiv Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| State Chartered Credit Unions In North Carolina | Edward jones - subgrant-latino comm, 300k | $300,000 |
| Earn Inc | Cfca climate subgrant | $179,250 |
| Hope Federal Credit Union | Build & save - sub-grant-hopefcu | $150,000 |
| Unified Homeowners of Il Fcu | Racial equity grand award refg 2024 | $21,500 |
| Shiloh Englewood Fcu | Racial equity grand award refg 2024 | $21,500 |
| Greater Centennial Federal Credit Union | Racial equity grand award refg 2024 | $21,500 |
| Tulane-loyola Fcu | Racial equity grand award refg 2024 | $21,500 |
| Messiah Baptist Church Fcu | Racial equity grand award refg 2024 | $21,500 |
| Ctafc Fcu | Racial equity grand award refg 2024 | $21,500 |
| Credit Union of Atlanta | Racial equity grand award refg 2024 | $21,500 |
| Abyssinian Baptist Church Fcu | Racial equity grand award refg 2024 | $21,500 |
| Paramount Baptist Church | Racial equity grand award refg 2024 | $21,500 |
| White Plains Post Offcie Employees Fcu | Racial equity grand award refg 2024 | $21,500 |
| Vitelco Employees Fcu | Racial equity grand award refg 2024 | $20,000 |
| National Credit Union Foundation Inc | Ncuf pass through grant to ntfp | $18,750 |
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Frequently asked questions
- Is Inclusiv Inc a legitimate nonprofit?
- Yes. Inclusiv Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-2421972, based in New York, New York. Donations are tax-deductible.
- What is Inclusiv Inc's EIN?
- Inclusiv Inc's Employer Identification Number (EIN) is 11-2421972.
- How much revenue does Inclusiv Inc report?
- Inclusiv Inc reported $1,897,878,390 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Inclusiv Inc's spending goes to programs?
- Inclusiv Inc spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Inclusiv Inc have?
- CharityIndex grades Inclusiv Inc A, based on program efficiency and fundraising cost.
- How much does Inclusiv Inc's highest-paid employee make?
- The highest reported compensation on Inclusiv Inc's latest Form 990 is $366,104, paid to Cathleen Mahon (President/ceo).
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Data for Inclusiv Inc (EIN 11-2421972) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.