Pennsylvania Microenterprise Coalition
98% goes to programs $0 to raise $100 Declining revenue
Pennsylvania Microenterprise Coalition is a 501(c)(3) organization based in Philadelphia, Pennsylvania, registered in 2010, with $18,368,769 in FY2023 revenue. CharityIndex grades it B+, and it directs about 98% of spending to programs.
50 S 16th Street, Philadelphia, PA, 19102 EIN 23-2920364 Since 2010
Revenue (FY2023)
$18.4M
▲ 5.5% vs prior year
Community median: $184K
Expenses (FY2023)
$17.8M
Net assets
$1.5M
Employees
4
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating98% 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 Pennsylvania Microenterprise Coalition: 98% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +3% 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 Pennsylvania Microenterprise Coalition: 1 mo reserves · +3% margin earns a C+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Pennsylvania Microenterprise Coalition: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Pennsylvania Microenterprise Coalition: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
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)
Contact & location
- Address
- 50 S 16th Street, Philadelphia, PA, 19102
- City
- Philadelphia
- State
- Pennsylvania
- Subcategory
- Community Programs
- Website
- …
Financial trends
Revenue declined from $287.1M (FY2020) to $18.4M (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $2.6MNet assets $1.5M
Operating margin
3.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.2M
Total liabilities
$2.6M
Net assets
$1.5M
Salaries & benefits
$407K
2% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $18,368,769▲5.5% | $17,800,737▲2.7% | $1,527,963▲59.2% | $4,170,892▲226% | 990 |
| 2022 | $17,412,624▲31.6% | $17,336,132▲31.9% | $959,931▲8.7% | $1,280,928▼89.9% | 990 |
| 2021 | $13,231,920▼95.4% | $13,145,735▼95.4% | $883,439▲10.8% | $12,721,223▲1078% | 990 |
| 2020 | $287,126,675 | $286,344,995 | $797,254 | $1,079,677 | 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: Varsovia Fernandez — $206,800 (1.16% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Varsovia Fernandez | Ceo | 50 | $206,800 |
| Chris Hudock | Secretary | 1 | — |
| Daniel Betancourt | Chairman | 1 | — |
| David Kahley | Director | 1 | — |
| Evelyn Smalls | Director | 1 | — |
| James Burnett | Vice Chairma | 1 | — |
| Leslie Benoliel | Treasurer | 1 | — |
| Mark Masterson | Second Vice | 1 | — |
| Michele Clapper | Assistant Se | 1 | — |
| Reco Owens | Director | 1 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Dawn Johnson | Prog Coordinat | $202,438 |
Grants received · $93K total
2 grants to Pennsylvania Microenterprise Coalition totaling $93K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Philadelphia Foundation | Capacity building support for bipoc small business owners | 2021 | $50,000 |
| Reinvestment Fund Inc | General support for operations of pa cdfi network | 2021 | $42,790 |
Grants made · $30.0M in FY2023
1,480 grants totaling $30.0M in FY2023 — showing the 15 largest. All grants made by Pennsylvania Microenterprise Coalition →
| Recipient | Purpose | Amount |
|---|---|---|
| Pennsylvania Professional Image Alliance | Technical assistance | $500,000 |
| Pennsylvania Professional Image Alliance | Technical assistance | $500,000 |
| Bridgeway Capital Inc | 250,000 technical a | $408,175 |
| Bridgeway Capital Inc | 250,000 technical a | $408,175 |
| Womens Opportunities Resource Center | Technical assistance | $331,000 |
| Enterprise Center Capital Corporation | Technical assistance | $331,000 |
| Entrepreneur Works Fund | Technical assistance | $331,000 |
| Enterprise Center Capital Corporation | Technical assistance | $331,000 |
| Community First Fund | Technical assistance | $331,000 |
| North Philadelphia Financial Partnership | Technical assistance | $331,000 |
| Vestedin | Technical assistance | $331,000 |
| Entrepreneur Works Fund | Technical assistance | $331,000 |
| Impact Loan Fund Inc | Technical assistance | $331,000 |
| Pidc Community Capital | Technical assistance | $331,000 |
| North Philadelphia Financial Partnership | Technical assistance | $331,000 |
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Compare Pennsylvania Microenterprise Coalition
Frequently asked questions
- Is Pennsylvania Microenterprise Coalition a legitimate nonprofit?
- Yes. Pennsylvania Microenterprise Coalition is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-2920364, based in Philadelphia, Pennsylvania. Donations are tax-deductible.
- What is Pennsylvania Microenterprise Coalition's EIN?
- Pennsylvania Microenterprise Coalition's Employer Identification Number (EIN) is 23-2920364.
- How much revenue does Pennsylvania Microenterprise Coalition report?
- Pennsylvania Microenterprise Coalition reported $18,368,769 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Pennsylvania Microenterprise Coalition's spending goes to programs?
- Pennsylvania Microenterprise Coalition spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Pennsylvania Microenterprise Coalition have?
- CharityIndex grades Pennsylvania Microenterprise Coalition B+, based on program efficiency and fundraising cost.
- How much does Pennsylvania Microenterprise Coalition's highest-paid employee make?
- The highest reported compensation on Pennsylvania Microenterprise Coalition's latest Form 990 is $206,800, paid to Varsovia Fernandez (Ceo).
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Data for Pennsylvania Microenterprise Coalition (EIN 23-2920364) 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.