Reinvestment Fund Inc

Organization Overview

Reinvestment Fund Inc is located in Philadelphia, PA. The organization was established in 1985. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Reinvestment Fund Inc employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reinvestment Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Reinvestment Fund Inc generated $44.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $36.0m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Reinvestment Fund Inc has awarded 839 individual grants totaling $45,258,583. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE REINVESTMENT FUND, INC. CREATES OPPORTUNITY FOR UNDERSERVED PEOPLE AND PLACES THROUGH PARTNERSHIPS. IT MARSHALS THE CAPITAL, ANALYTICS, AND EXPERTISE NECESSARY TO BUILD STRONG, HEALTHY, AND MORE EQUITABLE COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LENDING AND COMMUNITY INVESTING: ENCOMPASSES THE ORGANIZATION'S FINANCING OF HOMES, SCHOOLS, HEALTHY FOOD RETAIL, HEALTHCARE AND OTHER PROJECTS THAT BENEFIT LOW-WEALTH PEOPLE AND PLACES AND IS THE CORE LENDING FUNCTION OF THE ORGANIZATION.


POLICY SOLUTIONS: CONDUCTS POLICY, DATA ANALYSIS AND SOCIAL IMPACT ANALYSES THAT ADVANCE REINVESTMENT FUND, INC.'S MISSION AND EFFECT SYSTEM CHANGE, ON BEHALF OF REINVESTMENT FUND, INC. AS WELL AS PUBLIC AND PHILANTHROPIC CLIENTS.


SUSTAINABLE DEVELOPMENT FUND ("SDF"): REPRESENTS AN ENERGY-RELATED FUND THAT USES LOANS, INVESTMENTS AND GRANTS TO AUGMENT THE ORGANIZATION'S EXISTING ENERGY CONSERVATION AND COMMUNITY INVESTING EFFORTS. SDF WAS CREATED BY THE PARTIES TO THE PECO ENERGY COMPANY ("PECO ENERGY") RESTRUCTURING AND APPROVED BY THE PENNSYLVANIA PUBLIC UTILITY COMMISSION ("PUC") IN MAY 1998.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ha Storage
It Infrastructure
$271,241
Rsm Us Llp
Accounting Services
$255,600
Miles And Stockbridge Pc
Legal Services
$178,314
Nvg Llc
Lobbying, Strategic Advice, Outreach
$204,000
Strategic Decision Solutions
Consulting Services
$145,483
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $5,590,665
All other contributions, gifts, grants, and similar amounts not included above$6,171,045
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$11,761,710
Total Program Service Revenue$31,093,053
Investment income $1,281,354
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,655,689
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $44,624,452

Grants Awarded

Over the last fiscal year, Reinvestment Fund Inc has awarded $6,073,634 in support to 130 organizations.

Grant RecipientAmount

ANN KIDS INC

PURPOSE: PROVIDING FUNDING TO CHILD CARE PROVIDERS IN PHILADELPHIA

$307,600

SMYK MANAGEMENT GROUP LLC

PURPOSE: PROVIDING FUNDING TO CHILD CARE PROVIDERS IN PHILADELPHIA

$301,200

KINDER ACADEMY DEVELOPMENT ORGANIZATION

PURPOSE: PROVIDING FUNDING TO CHILD CARE PROVIDERS IN PHILADELPHIA

$300,000

URBAN GIVING TREE LLC

PURPOSE: PROVIDING FUNDING TO CHILD CARE PROVIDERS IN PHILADELPHIA

$291,659

PEE WEE PREP EDUCATIONAL CENTER INC

PURPOSE: PROVIDING FUNDING TO CHILD CARE PROVIDERS IN PHILADELPHIA

$231,782

AFRICAN ECONOMIC DEVELOPMENT SOLUTION

Org PageRecipient Profile

St Paul, MN

PURPOSE: FUNDING TO EXPAND OR PRESERVE THE AVAILABILITY OF STAPLE AND PERISHABLE FOODS IN UNDERSERVED AREAS WITH LOW AND MODERATE INCOME POPULATIONS BY MAINTAINING OR INCREASING THE NUMBER OF RETAIL OUTLETS THAT OFFER AN ASSORTMENT OF PERISHABLE AND STAPLE FOODS IN THOSE AREAS

$200,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Reinvestment Fund Inc has recieved totaling $2,644,938.

Awarding OrganizationAmount
Robert Wood Johnson Foundation

Princeton, NJ

PURPOSE: 77145 PROVIDING TECHNICAL ASSISTANCE AND DIRECTION

$814,696
William Penn Foundation

Philadelphia, PA

PURPOSE: ECE BUSINESS SUPPORTS-PLANNING & PILOT

$400,000
William Penn Foundation

Philadelphia, PA

PURPOSE: MATCHING GRANT FOR THE PHILADELPHIA CHILD NUTRITION FUND

$250,000
Robert Wood Johnson Foundation

Princeton, NJ

PURPOSE: 75988 ESTABLISHING THE NEW JERSEY CHILD NUTRITION

$184,859
Philadelphia Foundation

Philadelphia, PA

PURPOSE: PROGRAM EXPENSES

$170,000
Robert Wood Johnson Foundation

Princeton, NJ

PURPOSE: 75452 ACCELERATING LEARNING FROM THE INVEST HEALTH

$150,000
View Grant Recipient Profile

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