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EFF COMMUNITY VENTURES INC
NEW YORK, NY · EIN 992091921 · Form 990 · FY2024 · Medium ($1M-$10M)
revenue
$1.2M
expenses
$267K
net assets
$982K
employees
0
volunteers
5
program ratio
93%
mission · from form 990

EFF COMMUNITY VENTURES, INC SUPPORTS PUBLIC CHARTER SCHOOLS AND THE COMMUNITIES THEY SERVE, ESPECIALLY SCHOOLS IN ECONOMICALLY DISTRESSED AREAS SERVING LOW- AND MIDDLE-INCOME FAMILIES AND PEOPLE OF COLOR, AND LESSENING THE BURDENS OF GOVERNMENT THROUGH LOANS AND GRANTS, ESPECIALLY IN ECONOMICALLY DISTRESSED AREAS.

profile · synthesized from sources

EFF Community Ventures Inc supports public charter schools and their surrounding communities, with a focus on institutions serving low- and middle-income families and people of color in economically distressed areas. The organization provides loans and grants to reduce government burdens and strengthen educational access. It operates primarily through financial support mechanisms targeted at underserved urban schools.

named programs · 2 · from sources

What they call their work

Community Development Loans
Offers loan programs aimed at reducing government burdens and supporting infrastructure or operational needs of charter schools and their communities.
School Support Grants
Provides financial grants to public charter schools serving low- and middle-income communities, particularly in economically distressed urban areas.
activities · 1 group

What they do

  • Interest-Free Loan and Grant Support 1 activity
    • Funding public charter schools in economically distressed areas
      Provides loans and grants to support public charter schools and their communities, with a focus on economically distressed areas.
financials · form 990 · fy2024
revenue
Total revenue$1.25M
Contributions & grants$1.00M80%
Program service revenue$248K20%
Investment income$00%
Other revenue$0
expenses
Total expenses$267K
Program expenses93%
Admin / overhead7%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$13.25M
Cash$1.04M
Investments$0
Liabilities$12.26M
Net assets$982K
Liquid reserves46.8 mo
1 years on record · 2024–2024
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
ANAND KESAVAN SECRETARY 1 $613K
MICHELLE GETZOV ASSISTANT SECRETARY 1 $299K
JON MCINTOSH CHIEF OF STAFF 1 $243K
board members · 2
  • AARTHI SOWRIRAJAN — TREASURER
  • BUDDY PHILPOT — PRESIDENT
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Financial Support for Charter Schools in Distressed Areas
    methodology: education_access_financing
    By providing loans and grants to public charter schools in economically distressed areas, the organization increases educational access and reduces systemic burdens on public education, because financial barriers are a primary constraint to school development and student opportunity in underserved communities.