Public Charity

TRUFUND FINANCIAL SERVICES INC

TRUFUND FINANCIAL SERVICES INC, of NEW YORK, NY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $16.3M in revenue, $14.6M in expenses, $50.0M in total assets. 14 publicly reported grants to this organization, totaling roughly $19.2M, appear in IRS filings.

EIN: 593814814 NEW YORK, NY Latest filing: 2024
Total Revenue$16.3M
Total Expenses$14.6M
Total Assets$50.0M
Grant Records14
Funding Total$19.2M
Filing Years2018–2024

Mission

TRUFUND'S (TFS) MISSION IS TO PROMOTE AND FOSTER ECONOMIC DEVELOPMENT IN UNDERSERVED COMMUNITIES AND AMONG DISADVANTAGED POPULATIONS. FOR MORE INFORMATION, SEE SCHEDULE O.

Officers & Directors

SVP - MANAGING DIRECTOR NAT'L MARKET Akimie Carter Evans
BOARD MEMBER - JOINED SEPT 2024 B Seth Bryant
BOARD MEMBER - LEFT JULY 2024 Carmen Manoyan
BOARD MEMBER Carra Wallace
SECRETARY - LEFT JULY 2024 Celayne Hill
SVP- CFO - LEFT MAY 2024 Charles Foster

Officer compensation and complete director data available with membership.

Top Grant Purposes

PUBLIC, SOCIETAL BENEFIT
$10,000,000 1 grant
TO SUPPORT TECHNOLOGY, STAFF, AND INCREASING CAPACITY TO TRACK DATA AND DELIVER INNOVATIVE PRODUCTS WITH THE GOAL OF CONTINUOUSLY IMPROVING OUTCOMES FOR SMALL BUSINESS
$7,400,000 1 grant
For recipient's exempt purpose
$500,000 1 grant
FOR RECIPIENT'S EXEMPT PURPOSE
$500,000 1 grant
OPERATING GRANT
$250,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $16.3M $14.6M $50.0M
2023 $12.0M $10.6M $51.8M
2022 $16.0M $9.6M $48.5M
2019 $2.3M $5.0M $14.2M
2018 $5.0M $6.1M $14.4M

Between 2018 and 2024, reported annual revenue grew from $5.0M to $16.3M (+224%), with total assets most recently reported at $50.0M.

Interactive year-over-year charts and full filing details available with membership.

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