Pennsylvania Microenterprise Coalition

Organization Overview

Pennsylvania Microenterprise Coalition is located in Philadelphia, PA. The organization was established in 2010. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Microenterprise Coalition is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Since 2021, Pennsylvania Microenterprise Coalition has awarded 17 individual grants totaling $25,000,000. 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 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)

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2020, THE NETWORK WAS CHARGED BY THE PENNSYLVANIA DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT (DCED), AND LACKAWANA, PHILADELPHIA AND ALLEGHENY COUNTIES TO DISTRIBUTE APPROXIMATELY 249M IN CARES ACT FUNDING TO SMALL BUSINESSES ACROSS THE STATE (SEE FULL PROGRAM REPORT HERE.) THROUGH THIS EFFORT 14,530 SMALL BUSINESSES RECEIVED RECOVERY GRANTS, WITH 57% OF THE FUNDING RECEIVED BY BUSINESSES OWNED BY PEOPLE OF COLOR (PARTICULARLY BLACK, HISPANIC AND ASIAN BUSINESSES) AND 80% DISTRIBUTED AMONG LOW-AND-MODERATE-INCOME BUSINESS OWNERS. ADDITIONALLY, THE PA CDFI NETWORK DISTRIBUTED 25 MILLION IN GRANTS TO CDFIS AND 5.7 MILLION TO BLACK-OWNED MINORITY VENDORS HELPING DELIVER PROGRAMS. (CONTINUED ON SCHEDULE O)


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Board, Officers & Key Employees

Name (title)Compensation
Leslie Benoliel
Treasurer
$0
Lynne Cutler
Second Vice
$0
Daniel Betancourt
Chair
$0
James Burnett
First Vice C
$0
Mark Masterson
Secretary
$0
Chris Hudock
Assistant Se
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$9,000
Fundraising events$0
Related organizations$0
Government grants $287,076,113
All other contributions, gifts, grants, and similar amounts not included above$24,648
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$287,109,761
Total Program Service Revenue$0
Investment income $16,914
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $287,126,675

Grants Awarded

Over the last fiscal year, Pennsylvania Microenterprise Coalition has awarded $25,000,000 in support to 17 organizations.

Grant RecipientAmount

COMMUNITY FIRST FUND

Org PageRecipient Profile

Lancaster, PA

PURPOSE: LOAN AND DEBT RELIEF

$4,278,992

BRIDGEWAY CAPITAL INC

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: LOAN AND DEBT RELIEF

$4,278,992

REINVESTMENT FUND

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: LOAN AND DEBT RELIEF

$4,278,992

UNITED BANK OF PHILADELPHIA

PURPOSE: LOAN AND DEBT RELIEF

$3,410,996

THE PROGRESS FUND

Org PageRecipient Profile

Greensburg, PA

PURPOSE: LOAN AND DEBT RELIEF

$2,906,090

PIDC COMMUNITY CAPITAL

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: LOAN AND DEBT RELIEF

$2,464,821
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Pennsylvania Microenterprise Coalition has recieved totaling $92,790.

Awarding OrganizationAmount
Philadelphia Foundation

Philadelphia, PA

PURPOSE: CAPACITY BUILDING SUPPORT FOR BIPOC SMALL BUSINESS OWNERS

$50,000
Reinvestment Fund Inc

Philadelphia, PA

PURPOSE: GENERAL SUPPORT FOR OPERATIONS OF PA CDFI NETWORK

$42,790
View Grant Recipient Profile

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