Peoplefund
Nonprofit profile at a glance
- EIN
- 742814572
- IRS 990 coverage
- 2013–2025
- Forms available
- Form 990 2025
- Location
- Austin, TX, USA
- Phone
- 8882220017
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Small Business Development
Reported finances
- Revenue
- $12,869,917
- Expenses
- $12,142,180
- Assets
- $108,317,377
- Liabilities
- $76,272,487
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- GUSTAVO LASALA (PRESIDENT AND CEO)
Highest reported compensation
- GUSTAVO LASALA (PRESIDENT AND CEO): $328,135 total reported compensation
- OSCAR FERNANDO ALMANZA (CIO): $275,864 total reported compensation
- ANTHONY HEDGER (CFO): $275,340 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Peoplefund creates economic opportunity and financial stability for underserved people and communities by providing access to capital, education, and resources to build healthy small businesses.
What it reported doing in 2025
Peoplefund is a 501(c)(3) nonprofit corporation whose mission is to promote economic vitality and opportunity in low income communities by providing financial services and technical assistance that will: create jobs, provide needed goods and services, improve the physical environment, promote diversity, entrepreneurial success, and build individual and community assets. Peoplefund provides financing and comprehensive technical assistance services to businesses, community organizations, and microenterprises in lower income communities throughout Texas.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.4%; rating input score 76
- Program expense ratio: 79.7%; rating input score 80
- Fundraising efficiency: $11.56 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.7%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 8.92; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.7; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 12.1%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 12.4% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 13.9% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 14.6% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 76.4% of revenue deployed · 79.7% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $9.7M in reported program spending
- Leadership: top reported pay $328K · 21 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $524K reported
- Consistency: 37 of 37 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2013 to 2025
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 34 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- Moderate — Sustainability: Operating margin scored 46/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- High — Sustainability: Officer compensation ratio scored 18/100.