Microcredit Loan Fund Inc
- Assets
- $164.0k
- Revenue
- $4.2k
- Investments
- $162.7k
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 91-1873074
Organization Overview
Microcredit Loan Fund Inc is located in Orlando, FL. The organization was established in 1998. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. Microcredit Loan 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, Microcredit Loan Fund Inc generated $4.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $21.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Carriere CFO And Director | 1 | $0 | |
Mark Giraudo CEO And Director | 1 | $0 | |
Karen Li Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,230 |
| Total Revenue | $4,230 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $550 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $746 |
| Total operating and administrative expenses | $21,684 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $21,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,182 |
| Savings and temporary cash investments | $100 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $162,671 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $163,953 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Microcredit Loan Fund Inc has awarded $10,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TEAM IMPACT PURPOSE: TO HELP FUTHER THEIR CHARITABLE PURPOSE | $2,500 |
CELEBERITY FIGHT NIGHT PURPOSE: TO HELP FUTHER THEIR CHARITABLE PURPOSE | $3,000 |
CHAPTS PURPOSE: TO HELP FUTHER THEIR CHARITABLE PURPOSE | $4,500 |