Overview

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Est.

2018

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Ripple Effect Entrepreneurs Fund Inc, doing business as Reef, is a nonprofit organization focused on economic development for underserved individuals and communities. With an operating budget of $262.2K and total revenue of $1.4M for the filing year 2024, REEF provides loans and technical assistance to help low-income borrowers establish and grow sustainable businesses. The organization does not appear to rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base for its mission.

Mission Statement

Ripple Effect Entrepreneur Fund (REEF) is a non-profit organization whose missionis to provide community economic development to underserved people and communities. REEF provides loans and technical assistance to help borrowers and low income individuals create and grow sustainable businesses.
Revenues
$1.4M
Expenses
$262.2K
Net Income:
+$1.2M
Assets
$3.9M
Liabilities
$201.3K
Net Assets:
+$3.7M
Operating Budget
$262.2K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$6K
Largest grant received
$6K
I
Israel C Blumenthal
Board Member
E
Eliyahu Fried
Board Member
C
Chana Friedland
Board Member

Frequently Asked Questions

What is Ripple Effect Entrepreneurs Fund Inc DBA Reef’s budget?
In 2024, Ripple Effect Entrepreneurs Fund Inc DBA Reef reported an annual operating budget of around $262 thousand. More detailed financial information is available to registered users.
What causes does Ripple Effect Entrepreneurs Fund Inc DBA Reef support?
Ripple Effect Entrepreneurs Fund Inc DBA Reef supports work in Economic development.
Where does Ripple Effect Entrepreneurs Fund Inc DBA Reef operate?
Ripple Effect Entrepreneurs Fund Inc DBA Reef is headquartered in Lakewood, NJ.
Who funded Ripple Effect Entrepreneurs Fund Inc DBA Reef recently?
In 2021, Ripple Effect Entrepreneurs Fund Inc DBA Reef received grants from FIDELITY INVESTMENTS CHARITABLE GIFT FUND and FIDELITY INVESTMENTS CHARITABLE GIFT FUND. More information on this organization’s funders is available to registered users.
What is the largest grant Ripple Effect Entrepreneurs Fund Inc DBA Reef received in 2021?
The largest grant to Ripple Effect Entrepreneurs Fund Inc DBA Reef in 2021 exceeds $6,000.