Ripple Effect Entrepreneurs Fund Inc

Organization Overview

Ripple Effect Entrepreneurs Fund Inc is located in Lakewood, NJ. The organization was established in 2018. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ripple Effect Entrepreneurs Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Ripple Effect Entrepreneurs Fund Inc generated $729.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 38.1% each year . All expenses for the organization totaled $50.0k during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

RIPPLE EFFECT ENTREPRENEURS 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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RIPPLE EFFECT ENTREPRENEURS FUND INC., D/B/A REEF, WAS FOUNDED TO PROVIDE COMMUNITY DEVELOPMENT THROUGH FINANCIAL AND TECHNICAL ASSISTANCE FOR ENTREPRENEURS


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Board, Officers & Key Employees

Name (title)Compensation
Eliyahu Fried
Trustee
$0
Israel C Blumenthal
Trustee
$0
Chana Friedland
Trustee
$0
Adele Rosenberg
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$729,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$729,000
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $729,000

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