{"success":true,"data":{"_id":133641265,"filings":[{"Organization":{"value":null,"Person":["ANGELA BUTLER","ROBERT W DAVENPORT","STEPHANIE DUGAN","JOHN A FINKE","THOMAS JACKSON","DANIEL MARSH III","JOHN PALYO","PATRICIA THOMSON","DAVID J TREVISANI","ANN VOGT","VIRGINIA RUIZ BADILLO","SCOTT RODDE","KEVIN GREMSE"],"Title":["BOARD MEMBER","CHAIRMAN/BD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","PRESIDENT/BD MEMBER","BOARD MEMBER","BOARD MEMBER","SECRETARY/BD MEMBER","CFO","FIELD DIRECTOR","REGIONAL MANAGER"],"Hours":[5.0,2.9,1.0,2.5,1.0,1.1,45.0,1.0,2.5,1.1,39.2,1.8,1.0],"Total Compensation":[32742,34569,36015,52372,37700,78411,222502,46543,43035,21993,126197,42445,37100],"Direct compensation":[14666,18753,2876,16769,3297,5182,188424,4197,7432,5167,108550,9322,3897],"Other compensation":[18076,15816,33139,35603,34403,73229,34078,42346,35603,16826,17647,33123,33203]},"Basic":{"value":null,"mission":"Gaf's primary mission is to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low income communities by financing businesses and entrepreneurs that invest in disadvantaged communities and/or create jobs for the low-income and unemployed. gaf provides longer term, low cost loans that decrease debt service costs and strengthen the economic base of the business and community.","year":2014,"name":"GROW AMERICA FUND INC","phone":2126821106,"website":"WWW.GROWAMERICAFUND.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"ROBERT W DAVENPORT","year_formation":1971,"state_legal_domicile":"DE","total_volunteers":0,"tax_period_begin":"2014-01-01T00:00:00","tax_period_end":"2014-12-31T00:00:00","address":"708 THIRD AVENUE NO 710, NEW YORK, NY, 10017, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10017},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":11,"Number of independent voting members":0,"Number of employees total":37,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":37,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":9066891,"Contributions":{"value":2971172,"Other contributions":1221172,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":1750000,"Related organizations":0},"Program revenue":{"value":6070027,"Total revenue":{"value":5907539,"INTEREST INCOME - LOAN":2735333,"CONTRIBUTIONS FROM CLI":2029215,"RECOVERY OF LOANS":738554,"SERVICE FEES":318469,"PREMIUMS ON SALE OF LO":85968},"Total other revenue":162488,"Unrelated business revenue":0},"Investment income":{"value":25692,"Investment income total":0,"Net investment gain":25692,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":5479440,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":2537985,"Current officers":446702,"Disqualified persons":0,"Other salaries and wages":1357157,"Pension plan contributions":216056,"Other employee benefits":397283,"Payroll taxes":120787},"Other expenses":{"value":2941455,"Management services":0,"Legal":174536,"Accounting":148525,"Lobbying services":0,"Investment management fees":0,"Other services":23829,"Advertising":0,"Office expenses":76035,"Information technology":0,"Royalties":0,"Occupancy":130083,"Travel":285725,"Conferences and meetings":0,"Interest":1758095,"Payments to affiliates":0,"Depreciation and depletion":23933,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":262121,"PROJECT AND OTHER FEES":169169,"SUBSCRIPTION AND MEMBER":42421,"SBA EXAMINATION FEES":26060,"EQUIPMENT AND LEASE EXP":24471},"All other expenses":58573},"Functional Expenses":{"value":null,"Program Service Expenses":4461423,"Management And General Expenses":1018017,"Fundraising Expenses":0}},"Assets":{"value":94191571,"Non-interest bearing cash":789097,"Savings and temp cash investments":6040400,"Pledges and grants receivable":1750000,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":103340,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":79753712,"Intangible assets":240864,"Other assets":5514158},"Liabilities":{"value":80810741,"Sum of Total Liabilities":0,"Accounts payable, accrued":692534,"Grants payable":410309,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":25783949,"Unsecured notes loans payable":0,"Other liabilities":53923949},"Fund balance":{"value":13380830,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":6877953,"Temporarily restricted net assets":6502877,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8142114887652753,"percentile":0.6435708071181716},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.39566495284877695,"percentile":0.8831778072296965},"Liabilities to Assets Ratio":{"score":0.8579402609178267,"percentile":0.07110153007130063},"Operating Reserve Ratio":{"score":17.189999525498955,"percentile":0.9359184715270563},"Officer Compensation Ratio":{"score":0.14812170586775292,"percentile":0.41649446874723756},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6300063668433584,"percentile":0.690105937885158}},"source_xml":"201503199349301115_public.xml"},{"Organization":{"value":null,"Person":["Angela Butler","Ann Vogt","Daniel Marsh III","John Palyo","Kevin Gremse","patricia thomson","Robert W Davenport","Stephanie Dugan","thomas jackson","Adam Ennis","Daniel Choi"],"Title":["BOARD MEMBER","Secretary/BOARDd Member","BOARD MEMBER","President/BOARd Member","BOARD MEMBER","BOARD MEMBER","Chairman/BOARd Member","BOARD MEMBER","BOARD MEMBER","cfO","CFO"],"Hours":[5.0,1.65,1.1,42.0,1.0,1.0,2.85,1.0,1.0,2.9,18.0],"Total Compensation":[35890,37766,249449,49885,49022,101661,338260,46586,50616,42811,42467],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0],"Other compensation":[35890,37766,249449,49885,49022,101661,338260,46586,50616,42811,42467]},"Basic":{"value":null,"mission":"The grow america fund, inc. (\"gaf\") has a primary mission to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low-income communities by financing businesses and entrepreneurs that invest in those disadvantaged communities, and/or create jobs for low-income unemployed and under-employed individuals. gaf, a licensed u.S. sba small business lending company, and u.S. department of the treasury certified community development financial institution, provides access to capital for business expansion structured with longer amortization terms and lower interest rates. these lending terms serve to decrease debt service costs and improve the borrower's operating cash flow, giving businesses a financial advantage that helps strengthen both the economic base of the business, and the community.","year":2016,"name":"Grow America Fund inc","phone":2126821106,"website":"www.growamericafund.org","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"Robert Davenport","year_formation":1971,"state_legal_domicile":"DE","total_volunteers":0,"tax_period_begin":"2016-01-01T00:00:00","tax_period_end":"2016-12-31T00:00:00","address":"one battery park plaza No 710, new york, NY, 10004, USA","city":"new york","state":"NY","country":"USA","zip_code":10004},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":10,"Number of independent voting members":0,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":4776140,"Contributions":{"value":2139172,"Other contributions":863266,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":854656,"Related organizations":421250},"Program revenue":{"value":2608558,"Total revenue":{"value":2608558,"Interest income":2129855,"Loan Service Fees":326873,"Fee Income":77892,"Premium on sale of loa":73938},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":-41825,"Investment income total":0,"Net investment gain":-41825,"Income from invest bond proceeds":0},"Other revenues":{"value":70235,"Other total":70235,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":5010810,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":2545356,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":1860319,"Pension plan contributions":219230,"Other employee benefits":465807,"Payroll taxes":0},"Other expenses":{"value":2465454,"Management services":0,"Legal":152240,"Accounting":298888,"Lobbying services":0,"Investment management fees":0,"Other services":7750,"Advertising":0,"Office expenses":66673,"Information technology":0,"Royalties":0,"Occupancy":166775,"Travel":313135,"Conferences and meetings":0,"Interest":807965,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":582454,"Provision for loan loss":279615,"Project and other fees":220556,"SBA examination fee":48242,"Amortization":34041},"All other expenses":69574},"Functional Expenses":{"value":null,"Program Service Expenses":4024250,"Management And General Expenses":986560,"Fundraising Expenses":0}},"Assets":{"value":65759536,"Non-interest bearing cash":3839406,"Savings and temp cash investments":96413,"Pledges and grants receivable":350000,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":25688,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":55406761,"Intangible assets":432527,"Other assets":5608741},"Liabilities":{"value":52950759,"Sum of Total Liabilities":0,"Accounts payable, accrued":1143527,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":30163117,"Unsecured notes loans payable":0,"Other liabilities":21644115},"Fund balance":{"value":12808777,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":2062672,"Temporarily restricted net assets":10746105,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8031136682492451,"percentile":0.6294333497136136},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.04913381936040401,"percentile":0.28662115455280446},"Liabilities to Assets Ratio":{"score":0.8052179534843433,"percentile":0.0782512581259945},"Operating Reserve Ratio":{"score":13.123534119234215,"percentile":0.9159292187413796},"Officer Compensation Ratio":{"score":0.20843197008068556,"percentile":0.3002182611681197},"Program Expense Growth":{"score":-0.18325406536440217,"percentile":0.09469272091454935},"Revenue Growth":{"score":-0.19561171394976987,"percentile":0.0777300060948791},"Asset Growth":{"score":-0.13923026377651995,"percentile":0.07858160768660773},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.38027485542249717,"percentile":0.09220133737755688}},"source_xml":"201743199349313129_public.xml"},{"Organization":{"value":null,"Person":["CHARLEY DEPEW","DANIEL MARSH III","JOHN PALYO","KEVIN GREMSE","PATRICIA THOMSON","RAQUEL FAVELA","STEPHANIE DUGAN","ADAM ENNIS","DANIEL CHOI"],"Title":["BOARD MEMBER","CHAIRMAN","PRESIDENT","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","SECRETARY","TREASURER","CFO"],"Hours":[0.5,2.75,36.0,1.0,0.25,0.5,1.0,3.0,22.5],"Total Compensation":[70013,97682,87837,65590,0,22743,57444,59420,55728],"Direct compensation":[0,0,0,0,0,0,0,0,0],"Other compensation":[70013,97682,87837,65590,0,22743,57444,59420,55728]},"Basic":{"value":null,"mission":"The grow america fund, inc. (\"gaf\") has a primary mission to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low-income communities by financing businesses and entrepreneurs that invest in those disadvantaged communities, and/or create jobs for low-income unemployed and under-employed individuals. gaf, a licensed u.S. sba small business lending company, and u.S. department of the treasury certified community development financial institution, provides access to capital for business expansion structured with longer amortization terms and lower interest rates. these lending terms serve to decrease debt service costs and improve the borrower's operating cash flow, giving businesses a financial advantage that helps strengthen both the economic base of the business, and the community.","year":2019,"name":"GROW AMERICA FUND INC","phone":2126821106,"website":"WWW.GROWAMERICAFUND.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"DANIEL MARSH III","year_formation":1971,"state_legal_domicile":"DE","total_volunteers":1,"tax_period_begin":"2019-01-01T00:00:00","tax_period_end":"2019-12-31T00:00:00","address":"ONE BATTERY PARK PLAZA NO 710, NEW YORK, NY, 10004, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10004},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":8,"Number of independent voting members":1,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3721122,"Contributions":{"value":644968,"Other contributions":644968,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":3019575,"Total revenue":{"value":3019575,"INTEREST INCOME":2249907,"PREMIUM ON SALE OF LOA":372055,"LOAN SERVICE FEES":354761,"FEE INCOME":42852},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":56579,"Other total":56579,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":5684767,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":2514506,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":1717797,"Pension plan contributions":158895,"Other employee benefits":510569,"Payroll taxes":127245},"Other expenses":{"value":3170261,"Management services":0,"Legal":35577,"Accounting":239900,"Lobbying services":0,"Investment management fees":0,"Other services":26500,"Advertising":0,"Office expenses":46487,"Information technology":0,"Royalties":0,"Occupancy":144580,"Travel":211389,"Conferences and meetings":0,"Interest":923422,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":1435246,"PROVISION FOR LOAN LOSS":1083948,"AMORTIZATION":165179,"PROJECT AND OTHER FEES":131979,"EQUIPMENT LEASES AND MA":54140},"All other expenses":107160},"Functional Expenses":{"value":null,"Program Service Expenses":4794389,"Management And General Expenses":890378,"Fundraising Expenses":0}},"Assets":{"value":47711988,"Non-interest bearing cash":446911,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":72164,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":45455295,"Intangible assets":445794,"Other assets":1291824},"Liabilities":{"value":35736316,"Sum of Total Liabilities":0,"Accounts payable, accrued":1252556,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":13901766,"Unsecured notes loans payable":0,"Other liabilities":20581994},"Fund balance":{"value":11975672,"Net assets without donor restriction":3109096,"Net assets with donor restriction":8866576,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8433747592469489,"percentile":0.6833752910185044},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.5277023972876997,"percentile":0.07109961748058106},"Liabilities to Assets Ratio":{"score":0.7490007752349368,"percentile":0.0862039581602437},"Operating Reserve Ratio":{"score":8.392954012011398,"percentile":0.8741656408850063},"Officer Compensation Ratio":{"score":0.09084928194946248,"percentile":0.5837272599847525},"Program Expense Growth":{"score":-0.06229863876182933,"percentile":0.18042272457350078},"Revenue Growth":{"score":-0.10755670522544732,"percentile":0.13599783417617364},"Asset Growth":{"score":-0.10589586310621904,"percentile":0.0996518754624208},"Independent Voting Board Pct":{"score":0.125,"percentile":0.10938675431309672},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.38919486010521687,"percentile":0.10496755948494345}},"source_xml":"202023149349302867_public.xml"},{"Organization":{"value":null,"Person":["ANGELA BUTLER","ANN VOGT","DANIEL MARSH III","DAVID TREVISANI","JOHN PALYO","PATRICIA THOMSON","ROBERT W DAVENPORT","STEPHANIE DUGAN","THOMAS JACKSON","ADAM ENNIS","DANIEL CHOI"],"Title":["BOARD MEMBER","SECRETARY","CHAIRMAN","BOARD MEMBER","PRESIDENT","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","TREASURER","CFO"],"Hours":[4.5,1.7,1.1,2.5,37.0,1.0,2.5,1.0,1.0,2.5,22.5],"Total Compensation":[78849,74133,63510,81018,77288,70292,0,70192,85028,60294,73435],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0],"Other compensation":[78849,74133,63510,81018,77288,70292,0,70192,85028,60294,73435]},"Basic":{"value":null,"mission":"The grow america fund, inc. (\"gaf\") has a primary mission to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low-income communities by financing businesses and entrepreneurs that invest in those disadvantaged communities, and/or create jobs for low-income unemployed and under-employed individuals. gaf, a licensed u.S. sba small business lending company, and u.S. department of the treasury certified community development financial institution, provides access to capital for business expansion structured with longer amortization terms and lower interest rates. these lending terms serve to decrease debt service costs and improve the borrower's operating cash flow, giving businesses a financial advantage that helps strengthen both the economic base of the business, and the community.","year":2017,"name":"GROW AMERICA FUND INC","phone":2126821106,"website":"WWW.GROWAMERICAFUND.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"DANIEL MARSH III","year_formation":1971,"state_legal_domicile":"DE","total_volunteers":0,"tax_period_begin":"2017-01-01T00:00:00","tax_period_end":"2017-12-31T00:00:00","address":"ONE BATTERY PARK PLAZA NO 710, NEW YORK, NY, 10004, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10004},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":10,"Number of independent voting members":0,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":5716189,"Contributions":{"value":2657359,"Other contributions":789632,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":251678,"Related organizations":1616049},"Program revenue":{"value":2831220,"Total revenue":{"value":2831220,"INTEREST INCOME":2220791,"LOAN SERVICE FEES":330481,"PREMIUM ON SALE OF LOA":189003,"FEE INCOME":90945},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":227610,"Other total":227610,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":4933664,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":2439820,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":1896920,"Pension plan contributions":112318,"Other employee benefits":430582,"Payroll taxes":0},"Other expenses":{"value":2493844,"Management services":0,"Legal":176756,"Accounting":275833,"Lobbying services":0,"Investment management fees":0,"Other services":6000,"Advertising":0,"Office expenses":60393,"Information technology":0,"Royalties":0,"Occupancy":120248,"Travel":298720,"Conferences and meetings":0,"Interest":950324,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":498461,"PROJECT AND OTHER FEES":214034,"PROVISION FOR LOAN LOSS":181358,"SBA EXAMINATION FEE":56734,"BOOKS AND SUBSCRIPTION":46335},"All other expenses":107109},"Functional Expenses":{"value":null,"Program Service Expenses":3987419,"Management And General Expenses":946245,"Fundraising Expenses":0}},"Assets":{"value":62578502,"Non-interest bearing cash":5782398,"Savings and temp cash investments":0,"Pledges and grants receivable":203960,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":59825,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":55075107,"Intangible assets":460965,"Other assets":996247},"Liabilities":{"value":48987200,"Sum of Total Liabilities":0,"Accounts payable, accrued":942043,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":23794731,"Unsecured notes loans payable":0,"Other liabilities":24250426},"Fund balance":{"value":13591302,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":3377741,"Temporarily restricted net assets":10213561,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8082064364334499,"percentile":0.6358714040585501},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.1368962782721145,"percentile":0.6807918349661757},"Liabilities to Assets Ratio":{"score":0.782811963124333,"percentile":0.08131115491951435},"Operating Reserve Ratio":{"score":12.683981316927946,"percentile":0.9131419757939105},"Officer Compensation Ratio":{"score":0.14878171679303656,"percentile":0.41497508970490055},"Program Expense Growth":{"score":-0.1377246621009719,"percentile":0.11590821258936368},"Revenue Growth":{"score":-0.12259343757529387,"percentile":0.12194741605962847},"Asset Growth":{"score":-0.11702008290133444,"percentile":0.09177933216273175},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4611697642623294,"percentile":0.2338254889675451}},"source_xml":"201802999349301270_public.xml"},{"Organization":{"value":null,"Person":["ADAM ENNIS","CHARLEY DEPEW","DANIEL MARSH III","DAVID TREVISANI","DAWAYNE SIMS","EARL RICHARSON","KEVIN GREMSE","PATRICIA THOMSON","RAQUEL FAVELA","STEPHANIE DUGAN","DANIEL CHOI","JENNIFER VERTREES","ANN FINNEGAN"],"Title":["TREASURER","BOARD MEMBER","CHAIRMAN","BOARD MEMBER/INTERIM PRESI","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","CFO AND VICE PRESIDENT","SECRETARY","MANAGING DIRECTOR OF LENDI"],"Hours":[3.0,1.0,2.75,8.5,0.25,0.25,1.0,0.25,1.0,1.0,12.5,7.5,20.0],"Total Compensation":[92962,38772,73655,124916,0,0,100815,0,38849,91151,60981,87566,95716],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0,0,0],"Other compensation":[92962,38772,73655,124916,0,0,100815,0,38849,91151,60981,87566,95716]},"Basic":{"value":null,"mission":"The grow america fund, inc. (\"gaf\") has a primary mission to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low-income communities by financing businesses and entrepreneurs that invest in those disadvantaged communities, and/or create jobs for low-income unemployed and under-employed individuals. gaf, a licensed u.S. sba small business lending company, and u.S. department of the treasury certified community development financial institution, provides access to capital for business expansion structured with longer amortization terms and lower interest rates. these lending terms serve to decrease debt service costs and improve the borrower's operating cash flow, giving businesses a financial advantage that helps strengthen both the economic base of the business, and the community.","year":2024,"name":"GROW AMERICA FUND INC","phone":2126821106,"website":"WWW.GROWAMERICAFUND.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"DANIEL MARSH III","year_formation":1971,"state_legal_domicile":"DE","total_volunteers":3,"tax_period_begin":"2024-01-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"633 THIRD AVE 19J, NEW YORK, NY, 10017, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10017},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":10,"Number of independent voting members":3,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3546199,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":3528519,"Total revenue":{"value":3528519,"INTEREST INCOME":2089454,"PREMIUM ON SALE OF LOA":952544,"LOAN SERVICE FEES":411019,"FEE INCOME":75502},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":17680,"Other total":17680,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":4099148,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":1997228,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":1443228,"Pension plan contributions":75907,"Other employee benefits":372836,"Payroll taxes":105257},"Other expenses":{"value":2101920,"Management services":0,"Legal":165297,"Accounting":239365,"Lobbying services":0,"Investment management fees":0,"Other services":367323,"Advertising":0,"Office expenses":1661,"Information technology":0,"Royalties":0,"Occupancy":4700,"Travel":165753,"Conferences and meetings":0,"Interest":519650,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":604216,"BAD DEBT EXPENSE":296628,"EQUIPMENT LEASES AND MA":213180,"SBA EXAMINATION FEE":70743,"AMORTIZATION OF LOAN OR":23665},"All other expenses":33955},"Functional Expenses":{"value":null,"Program Service Expenses":3314274,"Management And General Expenses":784874,"Fundraising Expenses":0}},"Assets":{"value":45228755,"Non-interest bearing cash":7416079,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":19504,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":35553622,"Intangible assets":294500,"Other assets":1945050},"Liabilities":{"value":25996687,"Sum of Total Liabilities":0,"Accounts payable, accrued":814255,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":10573324,"Unsecured notes loans payable":0,"Other liabilities":14609108},"Fund balance":{"value":19232068,"Net assets without donor restriction":11874417,"Net assets with donor restriction":7357651,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8085275281595102,"percentile":0.6362864830464099},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.15592723363804456,"percentile":0.17700485399595123},"Liabilities to Assets Ratio":{"score":0.5747822817585848,"percentile":0.11751740728541393},"Operating Reserve Ratio":{"score":11.033696514495208,"percentile":0.9012404160736129},"Officer Compensation Ratio":{"score":0.19647570665904232,"percentile":0.3199438156975151},"Program Expense Growth":{"score":-0.05654191911534001,"percentile":0.18844928153446314},"Revenue Growth":{"score":-0.06792714011178008,"percentile":0.18701759955832425},"Asset Growth":{"score":-0.0415152752038644,"percentile":0.18262562215661146},"Independent Voting Board Pct":{"score":0.3,"percentile":0.11464825956717091},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.3928004735660745,"percentile":0.11033954799062391}},"source_xml":"202523159349301122_public.xml"},{"Organization":{"value":null,"Person":["ANGELA BUTLER","ROBERT W DAVENPORT","JOHN W DOWNS","STEPHANIE DUGAN","JOHN A FINKE","THOMAS JACKSON","DANIEL MARSH","JOHN PALYO","PATRICIA THOMSON","DAVID TREVISANI","ANN VOGT","VIRGINIA RUIZ BADILLO","GERTRUDE SCRIVEN","SANDRA JONES","SCOTT RODDE"],"Title":["BD MEMBER","CHAIRMAN/BD","BD MEMBER/SE","BD MEMBER","BD MEMBER/SE","BD MEMBER","BD MEMBER/SE","PRESIDENT/BD","BD MEMBER/SE","BD MEMBER","SECRETARY/BD","CONTROLLER/S","ASST CONT/SE","CHIEF PORTFO","LOAN COMM/SE"],"Hours":[9.0,5.0,5.0,5.0,1.0,1.0,5.0,45.0,5.0,1.0,1.0,48.0,4.5,45.0,10.0],"Total Compensation":[49527,91002,95095,60662,56328,48001,134641,244155,132350,55249,78080,377032,53624,157760,205461],"Direct compensation":[26369,33769,22235,12452,6680,3265,49541,196715,30323,2961,4560,358978,40188,104240,156250],"Other compensation":[23158,57233,72860,48210,49648,44736,85100,47440,102027,52288,73520,18054,13436,53520,49211]},"Basic":{"value":null,"mission":"To create economic opportunity, stimulate investment, and to encourage entrepreneurship in low-income communities by financing businesses and entrepreneurs that invest in disadvantaged communities and/or create jobs for low-income unemployed. we provide longer term, low-cost loans that decrease debt service costs and strengthen the economic base of the business and the community. grow america fund, inc. (gaf) has fostered more than 500 small businesses owned by disadvantaged individuals across the nation by providing loans and business counseling. loans total over 175 million at very low interest rates and attractive terms. the business counseling is provided at no cost to the small businesses. over the last several years, our small business loan fund has received national recognition from a variety of institutions: the u.S. small business administration has acknowledged us for carrying out our mission to make credit available to disadvantaged businesses and helping those businesses su","year":2013,"name":"GROW AMERICA FUND INC","phone":2126821106,"website":"WWW.GROWAMERICAFUND.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"ROBERT W DAVENPORT","year_formation":1971,"state_legal_domicile":"DE","total_volunteers":null,"tax_period_begin":"2013-01-01T00:00:00","tax_period_end":"2013-12-31T00:00:00","address":"708 THIRD AVENUE ROOM/SUITE 710, NEW YORK, NY, 10017, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10017},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":11,"Number of independent voting members":0,"Number of employees total":84,"Total Gross UBI":0,"Net unrelated business taxable income":null,"Number of employees":84,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":7422524,"Contributions":{"value":1657000,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":1347000,"Related organizations":310000},"Program revenue":{"value":5561901,"Total revenue":{"value":5298906,"INTEREST INCOME - LOANS":2526492,"INC IN TEMP REST NET ASSETS":1552644,"PORTFOLIO MANAGEMENT FEES":514454,"BAD DEBT RECOVERY":425024,"SERVICE FEES":280292},"Total other revenue":262995,"Unrelated business revenue":0},"Investment income":{"value":203623,"Investment income total":1741,"Net investment gain":201882,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":7344093,"Grant expense":{"value":614613,"Grants to domestic orgs":614613,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":2364553,"Current officers":898041,"Disqualified persons":0,"Other salaries and wages":1040026,"Pension plan contributions":0,"Other employee benefits":426486,"Payroll taxes":0},"Other expenses":{"value":4364927,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":266225,"Advertising":0,"Office expenses":52660,"Information technology":0,"Royalties":0,"Occupancy":138451,"Travel":404067,"Conferences and meetings":0,"Interest":1733635,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":8839,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":1468627,"BAD DEBT EXPENSE":1198493,"SBA SERVICING FEES":121902,"BANK LOAN FEES":75000,"LOAN LIQUIDATION EXPENSE":73232},"All other expenses":292423},"Functional Expenses":{"value":null,"Program Service Expenses":7072736,"Management And General Expenses":271357,"Fundraising Expenses":0}},"Assets":{"value":92866863,"Non-interest bearing cash":3899890,"Savings and temp cash investments":1050876,"Pledges and grants receivable":1347000,"Accounts receivable":792754,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":77731008,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":72042,"Intangible assets":264797,"Other assets":7708496},"Liabilities":{"value":81184607,"Sum of Total Liabilities":0,"Accounts payable, accrued":596283,"Grants payable":600000,"Deferred, revenue":244097,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":25462083,"Unsecured notes loans payable":0,"Other liabilities":54282144},"Fund balance":{"value":11682256,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":3957095,"Temporarily restricted net assets":7725161,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.963050985329298,"percentile":0.8642075435218677},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.01056662127330272,"percentile":0.42661563962101456},"Liabilities to Assets Ratio":{"score":0.8742042573355794,"percentile":0.06874996927403139},"Operating Reserve Ratio":{"score":12.645109886271864,"percentile":0.9128887554188251},"Officer Compensation Ratio":{"score":0.2504008323424009,"percentile":0.24056492964508264},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5950949014093867,"percentile":0.5910479257288892}},"source_xml":"201403189349301395_public.xml"},{"Organization":{"value":null,"Person":["DANIEL MARSH III","ADAM ENNIS","STEPHANIE DUGAN","RAQUEL FAVELA","KEVIN GREMSE","PATRICIA THOMSON","CHARLEY DEPEW","DAVID TREVISANI","JOHN PAYLO","JENNIE VERTREES","DANIEL CHOI"],"Title":["CHAIRMAN","TREASURER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER/INTERIM PRESIDENT","PRESIDENT","SECRETARY","CFO"],"Hours":[2.75,3.0,1.0,1.0,1.0,0.25,1.0,8.5,42.0,7.5,15.0],"Total Compensation":[190813,90195,73474,72461,90436,0,27998,85560,81711,77225,86257],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0],"Other compensation":[190813,90195,73474,72461,90436,0,27998,85560,81711,77225,86257]},"Basic":{"value":null,"mission":"The grow america fund, inc. (\"gaf\") has a primary mission to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low-income communities by financing businesses and entrepreneurs that invest in those disadvantaged communities, and/or create jobs for low-income unemployed and under-employed individuals. gaf, a licensed u.S. sba small business lending company, and u.S. department of the treasury certified community development financial institution, provides access to capital for business expansion structured with longer amortization terms and lower interest rates. these lending terms serve to decrease debt service costs and improve the borrower's operating cash flow, giving businesses a financial advantage that helps strengthen both the economic base of the business, and the community.","year":2022,"name":"GROW AMERICA FUND INC","phone":2126821106,"website":"WWW.GROWAMERICAFUND.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"DANIEL MARSH III","year_formation":1971,"state_legal_domicile":"DE","total_volunteers":0,"tax_period_begin":"2022-01-01T00:00:00","tax_period_end":"2022-12-31T00:00:00","address":"633 THIRD AVE 19J, NEW YORK, NY, 10017, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10017},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":8,"Number of independent voting members":1,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3801712,"Contributions":{"value":407298,"Other contributions":157298,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":250000,"Related organizations":0},"Program revenue":{"value":3368061,"Total revenue":{"value":3368061,"INTEREST INCOME":2925257,"LOAN SERVICE FEES":248166,"PREMIUM ON SALE OF LOA":164689,"FEE INCOME":29949},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":26353,"Other total":26353,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":4293994,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":2099494,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":1512746,"Pension plan contributions":168963,"Other employee benefits":315396,"Payroll taxes":102389},"Other expenses":{"value":2194500,"Management services":0,"Legal":335151,"Accounting":294465,"Lobbying services":0,"Investment management fees":0,"Other services":111368,"Advertising":0,"Office expenses":22673,"Information technology":0,"Royalties":0,"Occupancy":1700,"Travel":102608,"Conferences and meetings":0,"Interest":603205,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":7582,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":626156,"PROVISION FOR LOAN LOSS":381742,"EQUIPMENT LEASES AND MA":117278,"PROJECT AND OTHER FEES":85416,"AMORTIZATION":41720},"All other expenses":89592},"Functional Expenses":{"value":null,"Program Service Expenses":3458299,"Management And General Expenses":835695,"Fundraising Expenses":0}},"Assets":{"value":53966443,"Non-interest bearing cash":15198149,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":8888,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":26532594,"Intangible assets":283265,"Other assets":11943547},"Liabilities":{"value":34642183,"Sum of Total Liabilities":0,"Accounts payable, accrued":835147,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":18995168,"Unsecured notes loans payable":0,"Other liabilities":14811868},"Fund balance":{"value":19324260,"Net assets without donor restriction":11749981,"Net assets with donor restriction":7574279,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8053804919149864,"percentile":0.6322863380406499},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.1294895562841162,"percentile":0.19650113651208892},"Liabilities to Assets Ratio":{"score":0.6419208136433969,"percentile":0.10393796304034689},"Operating Reserve Ratio":{"score":12.567889708276258,"percentile":0.9123845376727451},"Officer Compensation Ratio":{"score":0.2040361490956904,"percentile":0.30733262777362375},"Program Expense Growth":{"score":-0.05635568928331514,"percentile":0.18872563091205577},"Revenue Growth":{"score":-0.07794536960379186,"percentile":0.1716499372454226},"Asset Growth":{"score":-0.016553020401507555,"percentile":0.25746608960849515},"Independent Voting Board Pct":{"score":0.125,"percentile":0.10938675431309672},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.3965160519605472,"percentile":0.11595571779201713}},"source_xml":"202333149349305263_public.xml"},{"Organization":{"value":null,"Person":["ADAM ENNIS","CHARLEY DEPEW","DANIEL MARSH III","DAVID TREVISANI","KEVIN GREMSE","PATRICIA THOMSON","RAQUEL FAVELA","STEPHANIE DUGAN","JENNIE VERTREES","ANN FINNEGAN","DANIEL CHOI"],"Title":["TREASURER","BOARD MEMBER","CHAIRMAN","BOARD MEMBER/INTERIM PRESI","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","SECRETARY","MANAGING DIRECTOR OF LENDING","CFO"],"Hours":[3.0,1.0,2.75,8.5,1.0,0.25,1.0,1.0,7.5,20.0,15.0],"Total Compensation":[87486,65048,163290,103509,104024,0,53205,89349,84444,109425,83166],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0],"Other compensation":[87486,65048,163290,103509,104024,0,53205,89349,84444,109425,83166]},"Basic":{"value":null,"mission":"The grow america fund, inc. (\"gaf\") has a primary mission to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low-income communities by financing businesses and entrepreneurs that invest in those disadvantaged communities, and/or create jobs for low-income unemployed and under-employed individuals. gaf, a licensed u.S. sba small business lending company, and u.S. department of the treasury certified community development financial institution, provides access to capital for business expansion structured with longer amortization terms and lower interest rates. these lending terms serve to decrease debt service costs and improve the borrower's operating cash flow, giving businesses a financial advantage that helps strengthen both the economic base of the business, and the community.","year":2023,"name":"GROW AMERICA FUND INC","phone":2126821106,"website":"WWW.GROWAMERICAFUND.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"DANIEL MARSH III","year_formation":1971,"state_legal_domicile":"DE","total_volunteers":1,"tax_period_begin":"2023-01-01T00:00:00","tax_period_end":"2023-12-31T00:00:00","address":"633 THIRD AVE 19J, NEW YORK, NY, 10017, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10017},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":8,"Number of independent voting members":1,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3921676,"Contributions":{"value":890000,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":890000,"Related organizations":0},"Program revenue":{"value":2443795,"Total revenue":{"value":2443795,"INTEREST INCOME":1736690,"PREMIUM ON SALE OF LOA":438187,"LOAN SERVICE FEES":245894,"FEE INCOME":23024},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":587881,"Other total":587881,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":3460919,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":1872170,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":1347284,"Pension plan contributions":103077,"Other employee benefits":326423,"Payroll taxes":95386},"Other expenses":{"value":1588749,"Management services":0,"Legal":187942,"Accounting":296965,"Lobbying services":0,"Investment management fees":0,"Other services":275132,"Advertising":0,"Office expenses":6226,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":107514,"Conferences and meetings":0,"Interest":520513,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":7658,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":177843,"EQUIPMENT LEASES AND MA":92313,"PROJECT AND OTHER FEES":60596,"SUBSCRIPTIONS AND MEMBE":13934,"SBA EXAMINATION FEE":11000},"All other expenses":8956},"Functional Expenses":{"value":null,"Program Service Expenses":2639696,"Management And General Expenses":821223,"Fundraising Expenses":0}},"Assets":{"value":46573067,"Non-interest bearing cash":17660859,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":113547,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":25842024,"Intangible assets":275596,"Other assets":2681041},"Liabilities":{"value":26788050,"Sum of Total Liabilities":0,"Accounts payable, accrued":650014,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":10670098,"Unsecured notes loans payable":0,"Other liabilities":15467938},"Fund balance":{"value":19785017,"Net assets without donor restriction":11906362,"Net assets with donor restriction":7878655,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.7627153365912349,"percentile":0.5849812298099619},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.11748981812877964,"percentile":0.6518853179513068},"Liabilities to Assets Ratio":{"score":0.575183292094549,"percentile":0.11742953101520238},"Operating Reserve Ratio":{"score":13.456849755801855,"percentile":0.9179321454273109},"Officer Compensation Ratio":{"score":0.2724553796260473,"percentile":0.21485269935195628},"Program Expense Growth":{"score":-0.06274184878680031,"percentile":0.1798661697804886},"Revenue Growth":{"score":-0.07059985113569948,"percentile":0.18270526962070927},"Asset Growth":{"score":-0.03295439382912826,"percentile":0.2043965126427494},"Independent Voting Board Pct":{"score":0.125,"percentile":0.10938675431309672},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4522430676851887,"percentile":0.21572347558177044}},"source_xml":"202433189349308708_public.xml"},{"Organization":{"value":null,"Person":["Angela Butler","Ann Vogt","Daniel Marsh III","David Trevisani","John Finke","John paylo","Patricia Thomson","Robert W Davenport","Stephanie Dugan","Thomas Jackson","Adam Ennis","Virginia Ruiz Badillo"],"Title":["Board Member","Secretary/Board Member","Board Member","Board Member","Outgoing Board Member","President/Board Member","Board Member","Chairman/Board Member","Board Member","Board Member","CFO","Controller"],"Hours":[5.0,1.1,1.1,2.5,2.5,45.0,1.0,2.9,1.0,1.0,2.9,39.2],"Total Compensation":[31676,52907,70252,54554,74910,49732,65667,50281,50252,52038,40870,38488],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0,0],"Other compensation":[31676,52907,70252,54554,74910,49732,65667,50281,50252,52038,40870,38488]},"Basic":{"value":null,"mission":"Gaf's primary mission is to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low income communities by financing businesses and entrepreneurs that invest in disadvantaged communities and/or create jobs for the low-income and unemployed. gaf provides longer term, low cost loans that decrease debt service costs and strengthen the economic base of the business and community.","year":2015,"name":"Grow America Fund inc","phone":2126821106,"website":"www.growamericafund.org","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"ROBERT W DAVENPORT","year_formation":1971,"state_legal_domicile":"DE","total_volunteers":0,"tax_period_begin":"2015-01-01T00:00:00","tax_period_end":"2015-12-31T00:00:00","address":"one battery park plaza No 710, new york, NY, 10004, USA","city":"new york","state":"NY","country":"USA","zip_code":10004},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":9,"Number of independent voting members":0,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":4436826,"Contributions":{"value":1869756,"Other contributions":410700,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":1358519,"Related organizations":100537},"Program revenue":{"value":2555325,"Total revenue":{"value":2555325,"Interest income":1936427,"Loan Service Fees":305605,"Premium on sale of loa":222669,"Fee Income":90624},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":11745,"Other total":11745,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":5549563,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":2554654,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":1769399,"Pension plan contributions":317693,"Other employee benefits":467562,"Payroll taxes":0},"Other expenses":{"value":2994909,"Management services":0,"Legal":123862,"Accounting":339169,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":70505,"Information technology":0,"Royalties":0,"Occupancy":133341,"Travel":317226,"Conferences and meetings":0,"Interest":626942,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":6500,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":1265441,"Provision for loan loss":828093,"Project and other fees":299302,"Amortization":83430,"Loan liquidation costs":54616},"All other expenses":111923},"Functional Expenses":{"value":null,"Program Service Expenses":4443365,"Management And General Expenses":1106198,"Fundraising Expenses":0}},"Assets":{"value":64917551,"Non-interest bearing cash":3405053,"Savings and temp cash investments":98176,"Pledges and grants receivable":1268308,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":98292,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":57152139,"Intangible assets":387647,"Other assets":2507936},"Liabilities":{"value":51874104,"Sum of Total Liabilities":0,"Accounts payable, accrued":856776,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":29859398,"Unsecured notes loans payable":0,"Other liabilities":21157930},"Fund balance":{"value":13043447,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":4000908,"Temporarily restricted net assets":9042539,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8006693500010722,"percentile":0.6263741309724248},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.25079572649457066,"percentile":0.12932555808113796},"Liabilities to Assets Ratio":{"score":0.7990767242590529,"percentile":0.07908126895792263},"Operating Reserve Ratio":{"score":11.697777104251271,"percentile":0.9063606007688765},"Officer Compensation Ratio":{"score":0.11381562836569294,"percentile":0.5082549997631312},"Program Expense Growth":{"score":-0.24685029420077856,"percentile":0.07472530014969996},"Revenue Growth":{"score":-0.21401583781817288,"percentile":0.07040159289959183},"Asset Growth":{"score":-0.1663808080758172,"percentile":0.06586386163388357},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.3607046998468644,"percentile":0.06536019340918485}},"source_xml":"201643209349315109_public.xml"},{"Organization":{"value":null,"Person":["ANGELA BUTLER","ANN VOGT","CHARLEY DEPEW","DANIEL MARSH III","JOHN PALYO","KEVIN GREMSE","ROBERT W DAVENPORT","STEPHANIE DUGAN","THOMAS JACKSON","PATRICIA THOMSON","ADAM ENNIS","DANIEL CHOI"],"Title":["BOARD MEMBER","SECRETARY","BOARD MEMBER","CHAIRMAN","PRESIDENT","BOARD MEMBER","OUTGOING BOARD MEMBER","BOARD MEMBER","OUTGOING BOARD MEMBER","BOARD MEMBER","TREASURER","CFO"],"Hours":[5.0,1.1,0.5,1.1,34.0,1.0,1.25,1.0,1.0,0.25,3.5,20.25],"Total Compensation":[62803,37697,53351,84060,48897,49190,0,42990,37561,0,49302,44511],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0,0],"Other compensation":[62803,37697,53351,84060,48897,49190,0,42990,37561,0,49302,44511]},"Basic":{"value":null,"mission":"The grow america fund, inc. (\"gaf\") has a primary mission to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low-income communities by financing businesses and entrepreneurs that invest in those disadvantaged communities, and/or create jobs for low-income unemployed and under-employed individuals. gaf, a licensed u.S. sba small business lending company, and u.S. department of the treasury certified community development financial institution, provides access to capital for business expansion structured with longer amortization terms and lower interest rates. these lending terms serve to decrease debt service costs and improve the borrower's operating cash flow, giving businesses a financial advantage that helps strengthen both the economic base of the business, and the community.","year":2018,"name":"GROW AMERICA FUND INC","phone":2126821106,"website":"WWW.GROWAMERICAFUND.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"DANIEL MARSH III","year_formation":1971,"state_legal_domicile":"DE","total_volunteers":0,"tax_period_begin":"2018-01-01T00:00:00","tax_period_end":"2018-12-31T00:00:00","address":"ONE BATTERY PARK PLAZA NO 710, NEW YORK, NY, 10004, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10004},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":8,"Number of independent voting members":1,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":5283699,"Contributions":{"value":1742203,"Other contributions":1742203,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":3520737,"Total revenue":{"value":3520737,"INTEREST INCOME":2404378,"LOAN SERVICE FEES":843568,"PREMIUM ON SALE OF LOA":239530,"FEE INCOME":33261},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":20759,"Other total":20759,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":4935684,"Grant expense":{"value":53391,"Grants to domestic orgs":53391,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":2411515,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":1793306,"Pension plan contributions":146444,"Other employee benefits":471765,"Payroll taxes":0},"Other expenses":{"value":2470778,"Management services":0,"Legal":182727,"Accounting":309881,"Lobbying services":0,"Investment management fees":0,"Other services":15750,"Advertising":0,"Office expenses":60825,"Information technology":0,"Royalties":0,"Occupancy":152056,"Travel":263825,"Conferences and meetings":0,"Interest":1096378,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":6882,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":316260,"PROJECT AND OTHER FEES":168823,"SBA EXAMINATION FEE":57566,"PROVISION FOR LOAN LOSS":48464,"AMORTIZATION":41407},"All other expenses":66194},"Functional Expenses":{"value":null,"Program Service Expenses":4019715,"Management And General Expenses":915969,"Fundraising Expenses":0}},"Assets":{"value":59780108,"Non-interest bearing cash":5264707,"Savings and temp cash investments":0,"Pledges and grants receivable":600000,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":28194,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":51681843,"Intangible assets":486547,"Other assets":1718817},"Liabilities":{"value":45840791,"Sum of Total Liabilities":0,"Accounts payable, accrued":1070267,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":20945790,"Unsecured notes loans payable":0,"Other liabilities":23824734},"Fund balance":{"value":13939317,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":4208938,"Temporarily restricted net assets":9730379,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.814419034930113,"percentile":0.6438366510114152},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.06586578834259862,"percentile":0.5589289619312777},"Liabilities to Assets Ratio":{"score":0.766823489178039,"percentile":0.08358938307171196},"Operating Reserve Ratio":{"score":12.111818341692864,"percentile":0.9092935515299422},"Officer Compensation Ratio":{"score":0.10340248686909453,"percentile":0.5408842873936471},"Program Expense Growth":{"score":-0.10469872350202708,"percentile":0.13733535789600865},"Revenue Growth":{"score":-0.09531641295995702,"percentile":0.14924446736440014},"Asset Growth":{"score":-0.10105539262462922,"percentile":0.10342357507106456},"Independent Voting Board Pct":{"score":0.125,"percentile":0.10938675431309672},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4555424587517038,"percentile":0.22230817119408652}},"source_xml":"201943159349301924_public.xml"},{"Organization":{"value":null,"Person":["PATRICIA THOMSON","RAQUEL FAVELA","KEVIN GREMSE","JOHN PALYO","CHUCK DEPEW","STEPHANIE DUGAN","DANIEL MARSH III","ADAM ENNIS","DANIEL CHOI"],"Title":["BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","PRESIDENT","BOARD MEMBER","MEMBER AND SECRETARY","CHAIRMAN","MEMBER AND TREASURER","CFO"],"Hours":[0.25,1.0,1.0,36.5,1.0,6.0,2.75,3.0,25.0],"Total Compensation":[0,36646,80234,74753,73019,70697,173261,74809,65369],"Direct compensation":[0,0,0,0,0,0,0,0,0],"Other compensation":[0,36646,80234,74753,73019,70697,173261,74809,65369]},"Basic":{"value":null,"mission":"The grow america fund, inc. (\"gaf\") has a primary mission to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low-income communities by financing businesses and entrepreneurs that invest in those disadvantaged communities, and/or create jobs for low-income unemployed and under-employed individuals. gaf, a licensed u.S. sba small business lending company, and u.S. department of the treasury certified community development financial institution, provides access to capital for business expansion structured with longer amortization terms and lower interest rates. these lending terms serve to decrease debt service costs and improve the borrower's operating cash flow, giving businesses a financial advantage that helps strengthen both the economic base of the business, and the community.","year":2020,"name":"GROW AMERICA FUND INC","phone":2126821106,"website":"WWW.GROWAMERICAFUND.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"DANIEL MARSH III","year_formation":1971,"state_legal_domicile":"DE","total_volunteers":1,"tax_period_begin":"2020-01-01T00:00:00","tax_period_end":"2020-12-31T00:00:00","address":"325 GOLD STREET NO 501, BROOKLYN, NY, 11201, USA","city":"BROOKLYN","state":"NY","country":"USA","zip_code":11201},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":8,"Number of independent voting members":1,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":4973286,"Contributions":{"value":1125850,"Other contributions":925850,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":200000},"Program revenue":{"value":3829055,"Total revenue":{"value":3829055,"INTEREST INCOME":3069857,"LOAN SERVICE FEES":419209,"PREMIUM ON SALE OF LOA":322619,"FEE INCOME":17370},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":18381,"Other total":18381,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":4437805,"Grant expense":{"value":20001,"Grants to domestic orgs":20001,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":2227403,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":1653034,"Pension plan contributions":166855,"Other employee benefits":283736,"Payroll taxes":123778},"Other expenses":{"value":2190401,"Management services":0,"Legal":166548,"Accounting":274900,"Lobbying services":0,"Investment management fees":0,"Other services":129854,"Advertising":0,"Office expenses":46870,"Information technology":0,"Royalties":0,"Occupancy":138703,"Travel":76187,"Conferences and meetings":0,"Interest":800514,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":6882,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":442739,"EQUIPMENT LEASES AND MA":130273,"PROVISION FOR LOAN LOSS":108676,"PROJECT AND OTHER FEES":102386,"AMORTIZATION":101404},"All other expenses":107204},"Functional Expenses":{"value":null,"Program Service Expenses":3636260,"Management And General Expenses":801545,"Fundraising Expenses":0}},"Assets":{"value":138000715,"Non-interest bearing cash":32717914,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":62764,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":39512338,"Intangible assets":398058,"Other assets":65309641},"Liabilities":{"value":125489562,"Sum of Total Liabilities":0,"Accounts payable, accrued":2180845,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":102293385,"Unsecured notes loans payable":0,"Other liabilities":21015332},"Fund balance":{"value":12511153,"Net assets without donor restriction":3200621,"Net assets with donor restriction":9310532,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8193825551145217,"percentile":0.6503758065945398},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.10767146711449935,"percentile":0.6361846780684043},"Liabilities to Assets Ratio":{"score":0.9093399407387128,"percentile":0.06311134435535279},"Operating Reserve Ratio":{"score":31.096615331227937,"percentile":0.9685085198652698},"Officer Compensation Ratio":{"score":0.1461956980984969,"percentile":0.42106579238474134},"Program Expense Growth":{"score":-0.06193761722551494,"percentile":0.18089915946944346},"Revenue Growth":{"score":-0.08474050707657366,"percentile":0.16229036429571111},"Asset Growth":{"score":0.00988372624350636,"percentile":0.3611616150713225},"Independent Voting Board Pct":{"score":0.125,"percentile":0.10938675431309672},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.486049149816942,"percentile":0.2883757104205818}},"source_xml":"202143149349301784_public.xml"}],"Latest":{"Organization":{"value":null,"Person":["ADAM ENNIS","CHARLEY DEPEW","DANIEL MARSH III","DAVID TREVISANI","DAWAYNE SIMS","EARL RICHARSON","KEVIN GREMSE","PATRICIA THOMSON","RAQUEL FAVELA","STEPHANIE DUGAN","DANIEL CHOI","JENNIFER VERTREES","ANN FINNEGAN"],"Title":["TREASURER","BOARD MEMBER","CHAIRMAN","BOARD MEMBER/INTERIM PRESI","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","CFO AND VICE PRESIDENT","SECRETARY","MANAGING DIRECTOR OF LENDI"],"Hours":[3.0,1.0,2.75,8.5,0.25,0.25,1.0,0.25,1.0,1.0,12.5,7.5,20.0],"Total Compensation":[92962,38772,73655,124916,0,0,100815,0,38849,91151,60981,87566,95716],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0,0,0],"Other compensation":[92962,38772,73655,124916,0,0,100815,0,38849,91151,60981,87566,95716]},"Basic":{"value":null,"mission":"The grow america fund, inc. (\"gaf\") has a primary mission to create economic opportunity, stimulate investment, and to encourage entrepreneurship in low-income communities by financing businesses and entrepreneurs that invest in those disadvantaged communities, and/or create jobs for low-income unemployed and under-employed individuals. gaf, a licensed u.S. sba small business lending company, and u.S. department of the treasury certified community development financial institution, provides access to capital for business expansion structured with longer amortization terms and lower interest rates. these lending terms serve to decrease debt service costs and improve the borrower's operating cash flow, giving businesses a financial advantage that helps strengthen both the economic base of the business, and the community.","year":2024,"name":"GROW AMERICA FUND INC","phone":2126821106,"website":"WWW.GROWAMERICAFUND.ORG","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"DANIEL MARSH III","year_formation":1971,"state_legal_domicile":"DE","total_volunteers":3,"tax_period_begin":"2024-01-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"633 THIRD AVE 19J, NEW YORK, NY, 10017, USA","city":"NEW YORK","state":"NY","country":"USA","zip_code":10017},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":10,"Number of independent voting members":3,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3546199,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":3528519,"Total revenue":{"value":3528519,"INTEREST INCOME":2089454,"PREMIUM ON SALE OF LOA":952544,"LOAN SERVICE FEES":411019,"FEE INCOME":75502},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":17680,"Other total":17680,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":4099148,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":1997228,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":1443228,"Pension plan contributions":75907,"Other employee benefits":372836,"Payroll taxes":105257},"Other expenses":{"value":2101920,"Management services":0,"Legal":165297,"Accounting":239365,"Lobbying services":0,"Investment management fees":0,"Other services":367323,"Advertising":0,"Office expenses":1661,"Information technology":0,"Royalties":0,"Occupancy":4700,"Travel":165753,"Conferences and meetings":0,"Interest":519650,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":604216,"BAD DEBT EXPENSE":296628,"EQUIPMENT LEASES AND MA":213180,"SBA EXAMINATION FEE":70743,"AMORTIZATION OF LOAN OR":23665},"All other expenses":33955},"Functional Expenses":{"value":null,"Program Service Expenses":3314274,"Management And General Expenses":784874,"Fundraising Expenses":0}},"Assets":{"value":45228755,"Non-interest bearing cash":7416079,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":19504,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":35553622,"Intangible assets":294500,"Other assets":1945050},"Liabilities":{"value":25996687,"Sum of Total Liabilities":0,"Accounts payable, accrued":814255,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":10573324,"Unsecured notes loans payable":0,"Other liabilities":14609108},"Fund balance":{"value":19232068,"Net assets without donor restriction":11874417,"Net assets with donor restriction":7357651,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8085275281595102,"percentile":0.6362864830464099},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.15592723363804456,"percentile":0.17700485399595123},"Liabilities to Assets Ratio":{"score":0.5747822817585848,"percentile":0.11751740728541393},"Operating Reserve Ratio":{"score":11.033696514495208,"percentile":0.9012404160736129},"Officer Compensation Ratio":{"score":0.19647570665904232,"percentile":0.3199438156975151},"Program Expense Growth":{"score":-0.05654191911534001,"percentile":0.18844928153446314},"Revenue Growth":{"score":-0.06792714011178008,"percentile":0.18701759955832425},"Asset Growth":{"score":-0.0415152752038644,"percentile":0.18262562215661146},"Independent Voting Board Pct":{"score":0.3,"percentile":0.11464825956717091},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.3928004735660745,"percentile":0.11033954799062391}},"source_xml":"202523159349301122_public.xml"},"sector":"Public, Societal Benefit","donation_categories":[],"zakat_policy":null},"error":null}