Nonprofit · EIN 84-4371176
MCLENNAN COMMUNITY INVESTMENT FUND
Tax-exempt · AUSTIN, TX 78702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $243,236 | $175,396 | $67,840 | $649,380 | $229,868 | $419,512 |
| December 31, 2023 | 990 | $331,407 | $268,612 | $62,795 | $541,068 | $12,097 | $528,971 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $234,819
- of which government grants
- $169,400
- Program service revenue
- $6,494
- Investment income
- $1,923
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $106,430
- Salaries, compensation and benefits (total)
- $123,721
- Professional fundraising fees
- $0
- Accounting fees
- $16,013
- Occupancy
- $2,800
- Program services (functional)
- $126,258
- Management and general (functional)
- $48,682
- Fundraising (functional)
- $456
Balance sheet and other
- Total assets, start of year
- $541,068
- Total assets, end of year
- $649,380
- Total liabilities, end of year
- $229,868
- Net assets, end of year
- $419,512
- Net assets without donor restrictions
- $112,519
- Net assets with donor restrictions
- $306,993
- Gross receipts
- $243,236
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- TX
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 |
|---|---|---|---|
| ALFRED SOLANO | PRESIDENT Trustee or director, Officer | 2 | $0 |
| JOHN ALEXANDER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| JOCELYN WILLIAMS | SECRETARY Trustee or director, Officer | 2 | $0 |
| JANE ALLEN | TREASURER Trustee or director, Officer | 2 | $0 |
| ANDREA BAREFIELD | DIRECTOR Trustee or director | 2 | $0 |
| AUSTIN BUCHS | DIRECTOR Trustee or director | 2 | $0 |
| TOM CHASE | DIRECTOR Trustee or director | 2 | $0 |
| PATRICIA MILLER | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eduardo Vazquez | Loan Program Director Key employee | 40 | $60,000 |
| Ilda Sabido | Assistant Program Manager Key employee | 40 | $42,865 |
| Jane Allen | Executive Director Former | 20 | $38,400 |
| Cris Houston | Executive Director Key employee | 40 | $16,411 |
Address and contacts
- Address (IRS master file)
- 2921 E 17TH ST BLDG D STE 1, AUSTIN, TX 78702-1595
- In care of
- % THOMAS G CHASE JR
- Principal officer (990 for 2024)
- MICHELLE POWELL, 605 AUSTIN AVE, WACO, TX 76701
- Signed the 990
- MICHELLE POWELL, CFO
- Phone
- (512) 270-9252
- Return prepared by
- PATTILLO BROWN & HILL LLP
Mission
TO SERVE SMALL BUSINESS OWNERS LACKING ACCESS TO TRADITIONAL BANKING SYSTEMS BY OFFERING ACCESS TO CAPITAL AND FINANCIAL HOW-TO ASSISTANCE
Program accomplishments
- MCLENNAN COMMUNITY INVESTMENT FUND (MCCIF) IS A FINANCING ENTITY THAT OBTAINS A CERTIFICATION FROM THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND OF THE US TREASURY DEPARTMENT FOR THE PURPOSE OF PROVIDING LOANS TO SMALL BUSINESS OWNERS WHO HAVE NOT HAD ACCESS TO CAPITAL PROVIDED BY TRADITIONAL FINANCIAL INSTITUTIONS SUCH AS BANKS, SAVINGS AND LOANS, AND CREDIT UNIONS. THE LOAN PROGRAM IS MCCIF'S ONLY PROGRAM ACTIVITY.Expenses $126,258 · revenue $6,494
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
- 84-4371176
- 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)
- Public and societal benefit (W60)
- Assets (IRS master file)
- $649,380
- Income (IRS master file)
- $243,236
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $243,236 | $175,396 | $649,380 | XML |
| 990 | December 2023 | $331,407 | $268,612 | $541,068 | XML |
| 990 | December 2022 | $289,788 | $159,601 | $474,177 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 84-4371176).
Questions about MCLENNAN COMMUNITY INVESTMENT FUND
- What is the EIN of MCLENNAN COMMUNITY INVESTMENT FUND?
- The employer identification number (EIN) of MCLENNAN COMMUNITY INVESTMENT FUND is 84-4371176.
- Is MCLENNAN COMMUNITY INVESTMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to MCLENNAN COMMUNITY INVESTMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MCLENNAN COMMUNITY INVESTMENT 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 MCLENNAN COMMUNITY INVESTMENT 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 MCLENNAN COMMUNITY INVESTMENT 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 MCLENNAN COMMUNITY INVESTMENT FUND?
- The 990 for the year ended December 31, 2024 names MICHELLE POWELL.
- Who are the officers and directors of MCLENNAN COMMUNITY INVESTMENT FUND?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does MCLENNAN COMMUNITY INVESTMENT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $243,236, expenses of $175,396 and total assets of $649,380 at year end.
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