Liftfund Inc
91% goes to programs $5 to raise $100 Strong reserves Declining revenue
Liftfund Inc is a 501(c)(3) organization based in San Antonio, Texas, registered in 1994, with $40,563,122 in FY2023 revenue. CharityIndex grades it A+, and it directs about 91% of spending to programs.
2007 W Martin St, San Antonio, TX, 78207 EIN 74-2712770 Since 1994
Revenue (FY2023)
$40.6M
▼ 21.7% vs prior year
Community median: $184K
Expenses (FY2023)
$40.1M
Net assets
$37.8M
Employees
136
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating91% to programs · $5 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 Liftfund Inc: 91% to programs · $5 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +1% 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 Liftfund Inc: 11 mo reserves · +1% margin earns a A 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 Liftfund 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 Liftfund Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Liftfunds mission is to provide capital and other services to underserved small businesses and entrepreneurs. through its products and services, liftfund helps small businesses and entrepreneurs strenghten their businesses, stabilize and increase their incomes, create additional employment and contribute to the economic development of their communities.
What they do
During the year ended december 31, 2023, liftfund worked with several cities, counties and municipalities to help distribute federal american rescue plan act (arpa) grants as a subrecipient to small businesses throughout the year in response to the covid-19 pandemic. liftfund awarded 904 grants to various small businesses throughout the communities we serve amounting to over $17 million in business support funding.
Contact & location
- Address
- 2007 W Martin St, San Antonio, TX, 78207
- City
- San Antonio
- State
- Texas
- Subcategory
- Business & Industry Associations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $12.6M (FY2013) to $40.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $60.4MNet assets $37.8M
Operating margin
1.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$98.2M
Total liabilities
$60.4M
Net assets
$37.8M
Salaries & benefits
$11.1M
28% of expenses
Board members
17
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $40,563,122▼21.7% | $40,111,518▼21.7% | $37,808,246▲1.2% | $98,180,991▲15.7% | 990 |
| 2022 | $51,818,585▼12.4% | $51,220,030▼4.3% | $37,356,642▲1.6% | $84,840,423▼11.4% | 990 |
| 2021 | $59,155,631▼42.7% | $53,526,230▼38.0% | $36,758,087▲17.8% | $95,784,141▼16.1% | 990 |
| 2020 | $103,246,792▲468% | $86,382,402▲387% | $31,199,851▲111% | $114,228,801▲61.4% | 990 |
| 2019 | $18,175,307▼2.9% | $17,729,952▼3.8% | $14,794,904▲1.6% | $70,787,869▼1.9% | 990 |
| 2018 | $18,709,028▲17.0% | $18,421,811▲10.1% | $14,559,483▲0.5% | $72,128,804▲11.1% | 990 |
| 2017 | $15,991,534▼12.2% | $16,726,193▲0.7% | $14,481,751▼6.1% | $64,928,159▲2.5% | 990 |
| 2016 | $18,214,955▲15.8% | $16,604,764▲5.7% | $15,425,917▲11.7% | $63,332,024▲7.0% | 990 |
| 2015 | $15,735,311▲7.4% | $15,714,052▲8.9% | $13,815,726▲0.2% | $59,183,031▲4.5% | 990 |
| 2014 | $14,656,889▲16.5% | $14,435,950▲19.2% | $13,794,467▲1.6% | $56,616,575▲5.4% | 990 |
| 2013 | $12,577,454 | $12,113,403▲9.3% | $13,573,528▲3.5% | $53,691,492▲37.8% | 990 |
| 2012 | — | $11,081,784▲13.7% | $13,109,477▲2.1% | $38,959,059▲6.3% | 990 |
| 2011 | — | $9,748,247▲10.7% | $12,837,002▲1.3% | $36,660,736▲3.8% | 990 |
| 2010 | — | $8,804,469 | $12,667,544 | $35,334,220 | 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 (FY2023)
Highest-paid: Janie Barrera — $257,072 (0.64% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Janie Barrera | Founder and Svp | 50 | $257,072 |
| Amy Hereford | General Counsel | 50 | $247,587 |
| Nelly Rojas-moreno | Coo/cfo | 50 | $235,360 |
| Adrian Gonzalez | Chief Cdc Officer | 50 | $170,485 |
| Christopher Allen | Svp Sba 504 | 50 | $165,858 |
| Michael Coulter | Chief Lending Off. | 50 | $151,355 |
| Laurie A Vignaud | President & Ceo | 50 | $126,218 |
| Ana Rodriguez | Director | 1 | — |
| Brandi Carberry-vitier | Director | 1 | — |
| Dr Dianna Burns-banks Md | Director | 1 | — |
| James Dreibelbis | Vice Chair | 1 | — |
| Jeff Brouillard | Chairman | 1 | — |
| Jimmie Keenan | Director | 1 | — |
| John Chamberlain | Secretary | 1 | — |
| Michele Hoskins Phd | Director | 1 | — |
| Ramiro Cavazos | Director | 1 | — |
| Rhonda Mcgown | Director | 1 | — |
| Richard Perez | Director | 1 | — |
| Rolando G Barrera | Director | 1 | — |
| Steven Lackowski | Treasurer | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Journeyteam-ab Computer LLC | It Consulting | $355,681 |
| Txc Texas Creative LLC | Marketing | $205,465 |
| Saurabh Bansal | Project Management | $167,218 |
| Starkweather Law Office | Loan Closing | $126,000 |
Grants received · $22.1M total
73 grants to Liftfund Inc totaling $22.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| San Antonio Area Foundation | General support | 2024 | $545,500 |
| American Online Giving Foundation Inc | General support | 2024 | $374,000 |
| Opportunity Finance Network | Operating grant | 2024 | $200,000 |
| Local Initiatives Support Corporation | See part iv | 2024 | $160,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2024 | $90,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $15,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| San Antonio Area Foundation | General support | 2023 | $740,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $250,000 |
| Tides Foundation | Equity, human rights, and economic empowerment | 2023 | $165,000 |
| Texas Mutual Insurance Company | Generational learning | 2023 | $75,000 |
| Local Initiatives Support Corporation | See part iv | 2023 | $57,500 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $25,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $22,400 |
| Reach Resilience | Program support | 2023 | $5,000 |
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Compare Liftfund Inc
Frequently asked questions
- Is Liftfund Inc a legitimate nonprofit?
- Yes. Liftfund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-2712770, based in San Antonio, Texas. Donations are tax-deductible.
- What is Liftfund Inc's EIN?
- Liftfund Inc's Employer Identification Number (EIN) is 74-2712770.
- How much revenue does Liftfund Inc report?
- Liftfund Inc reported $40,563,122 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Liftfund Inc's spending goes to programs?
- Liftfund Inc spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Liftfund Inc have?
- CharityIndex grades Liftfund Inc A+, based on program efficiency and fundraising cost.
- How much does Liftfund Inc's highest-paid employee make?
- The highest reported compensation on Liftfund Inc's latest Form 990 is $257,072, paid to Janie Barrera (Founder and Svp).
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Data for Liftfund Inc (EIN 74-2712770) 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.