Nonprofit · EIN 84-2301234
REDF IMPACT INVESTING FUND
Also known as RIIF
Tax-exempt · SAN FRANCISCO, CA 94103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,797,305 | $984,190 | $813,115 | $15,421,001 | $11,865,002 | $3,555,999 |
| December 31, 2023 | 990 | $1,644,969 | $657,327 | $987,642 | $11,078,374 | $8,335,490 | $2,742,884 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,447,316
- of which government grants
- $100,000
- Program service revenue
- $275,890
- Investment income
- $74,099
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $25,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $931,181
- Management and general (functional)
- $53,009
Balance sheet and other
- Total assets, start of year
- $11,078,374
- Total assets, end of year
- $15,421,001
- Total liabilities, end of year
- $11,865,002
- Net assets, end of year
- $3,555,999
- Net assets without donor restrictions
- $2,544,923
- Net assets with donor restrictions
- $1,011,076
- Gross receipts
- $1,797,305
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2019
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CARRIE MCKELLOGG | CHIEF EXECUTIVE OFFICER Officer | 24 | $264,857 | $47,795 |
| PETER LIPPMAN | CHIEF FINANCIAL OFFICER Officer | 24 | $224,654 | $32,049 |
| LEWIS BYRD | CHAIR THROUGH 6/2024 Trustee or director, Officer | 1 | $0 | $0 |
| PHILLIP ESTES | TREAS THRU 6/2024/CHAIR START 7/2024 Trustee or director, Officer | 1 | $0 | $0 |
| STUART DAVIDSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TERRY ING | TREASURER START 7/2024 Trustee or director, Officer | 1 | $0 | $0 |
| CEDRIC D THURMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Carrie McKellogg | CEO Officer | 8 | $0 | $253,682 | $42,555 |
| Lewis Byrd | Board Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Stuart Davidson | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Phil Estes | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Cedric Thurman | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Terry Ing | Board Member Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 785 MARKET STREET 1200, SAN FRANCISCO, CA 94103-2003
- Principal officer (990 for 2024)
- CARRIE MCKELLOGG, 785 MARKET STREET 1200, SAN FRANCISCO, CA 94103
- Signed the 990
- CARRIE MCKELLOGG, CEO
- Phone
- (415) 561-6677
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 84-2301234 or by the name REDF IMPACT INVESTING FUND.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
REDF IMPACT INVESTING FUND (RIIF) INVESTS IN AND PROVIDES CAPACITY BUILDING EXPERTISE TO EMPLOYMENT SOCIAL ENTERPRISES (ESES)--BUSINESSES THAT SEEK FINANCIAL RESULTS AND CREATE JOBS, STABILITY AND ECONOMIC MOBILITY FOR PEOPLE OVERCOMING THE TOUGHEST BARRIERS TO EMPLOYMENT, OFTEN INCLUDING HISTORIES OF HOMELESSNESS, INCARCERATION, SUBSTANCE USE, DOMESTIC VIOLENCE, HUMAN TRAFFICKING, OR LONG-TERM DISCONNECTION FROM WORK.
Program accomplishments
- RIIF PROVIDES BOTH FLEXIBLE CAPITAL AND CAPACITY BUILDING EXPERTISE TO HELP EMPLOYMENT-FOCUSED BUSINESSES GROW, STRENGTHEN OPERATIONS, AND ATTRACT FOLLOW-ON INVESTMENT. IT UNDERWRITES BASED ON CASH FLOW RELIABILITY, CONTRACT-BACKED REVENUE, AND MANAGEMENT CAPACITY--PROVIDING A PRACTICAL PATH TO CAPITAL ACCESS FOR BUSINESSES THAT MAY NOT MEET TRADITIONAL CREDIT STANDARDS DUE TO LIMITED COLLATERAL, THIN CREDIT HISTORIES, OR IRREGULAR CASH FLOWS. CAPACITY BUILDING EXPERTISE IS DELIVERED IN PARTNERSHIP WITH OUR GRANTING AFFILIATE REDF, LEVERAGING MORE THAN 25 YEARS OF EXPERIENCE WORKING WITH EMPLOYMENT SOCIAL ENTERPRISES (ESES) ACROSS SECTORS AND GROWTH STAGES.RIIF EMPLOYS A COMPREHENSIVE AND DISCIPLINED RISK MANAGEMENT APPROACH TO PROTECT ITS PORTFOLIO WHILE MEETING THE CAPITAL NEEDS OF ITS BORROWERS. RIIF ACTIVELY USES COLLATERALIZATION STRATEGIES, STATE-SPONSORED GUARANTEE PROGRAMS (SUCH AS THOSE SUPPORTED BY THE STATE SMALL BUSINESS CREDIT INITIATIVE), AND LOAN PARTICIPATIONS TO SHARE AND DIVERSIFY EXPOSURE. CREDIT DECISIONS ARE GOVERNED BY A FORMAL RISK RATING SYSTEM, AND RIIF IS STEADILY BUILDING LOAN LOSS RESERVES IN LINE WITH CURRENT EXPECTED CREDIT LOSS (CECL) PRINCIPLES TO ENSURE LOSS ABSORPTION CAPACITY AND FINANCIAL POSITION STRENGTH.RIIF IS CERTIFIED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) BY THE U.S. DEPARTMENT OF THE TREASURY, A DESIGNATION THAT AFFIRMS ITS COMMITMENT TO EXPANDING ACCESS TO CAPITAL FOR SMALL AND MIDSIZE BUSINESSES OUTSIDE TRADITIONAL FINANCIAL CHANNELS. CDFI CERTIFICATION ENHANCES RIIF'S VISIBILITY AND CREDIBILITY WITH KEY CAPITAL PROVIDERS IN THE PRIVATE SECTOR, INCLUDING FINANCIAL INSTITUTIONS INCENTIVIZED BY THE COMMUNITY REINVESTMENT ACT (CRA).Expenses $931,181 · grants $25,000 · revenue $275,890
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-2301234
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $15,421,001
- Income (IRS master file)
- $1,797,305
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,797,305 | $984,190 | $15,421,001 | XML |
| 990 | December 2023 | $1,644,969 | $657,327 | $11,078,374 | XML |
| 990 | December 2022 | $248,525 | $511,729 | $9,088,027 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-2301234).
Questions about REDF IMPACT INVESTING FUND
- What is the EIN of REDF IMPACT INVESTING FUND?
- The employer identification number (EIN) of REDF IMPACT INVESTING FUND is 84-2301234.
- Is REDF IMPACT INVESTING FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to REDF IMPACT INVESTING FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REDF IMPACT INVESTING FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of REDF IMPACT INVESTING FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REDF IMPACT INVESTING FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of REDF IMPACT INVESTING FUND?
- The 990 for the year ended December 31, 2024 names CARRIE MCKELLOGG.
- Who are the officers and directors of REDF IMPACT INVESTING FUND?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $264,857 (CARRIE MCKELLOGG, CHIEF EXECUTIVE OFFICER).
- How much revenue does REDF IMPACT INVESTING FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,797,305, expenses of $984,190 and total assets of $15,421,001 at year end.
Other nonprofits in SAN FRANCISCO
- URBAN ALCHEMY EIN 82-5408579 · last filed 990 for 2025
- INTERNATIONAL FINANCIAL REPORTING STANDARDS FOUNDATION EIN 13-4164140 · last filed 990 for 2025
- BURNING MAN PROJECT EIN 45-2638273 · last filed 990 for 2024
- SAN FRANCISCO TOURISM IMPROVEMENT DISTRICT MANAGEMENT CORPORATION EIN 26-4814856 · last filed 990 for 2025
- MID-MARKET FOUNDATION EIN 85-0892059 · last filed 990 for 2024
- COMMUNITY VISION CAPITAL & CONSULTING EIN 94-3032394 · last filed 990 for 2025
- HORIZONS FOUNDATION EIN 94-2686530 · last filed 990 for 2025
- ASPIRATION EIN 91-2106274 · last filed 990 for 2025
All nonprofits in SAN FRANCISCO · California · Community improvement and capacity building