National Equity Fund Inc

Chicago, IL
EIN: 36-3490231

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Type of Nonprofit

Designated as a 501(c)(4) Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$86M (2023)

Expenses

$90M (2023)

Total Assets

$126M (2023)

Total Liabilities

$91.6M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$85,962,936

Expenses

$90,040,711

Net Income

-$4,077,775

Net Assets

$34,760,757

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$81,909,278	95.3%
Investment Income	$2,473,113	2.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,580,545	1.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,771,518	7.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$33,782,106	37.5%

Assets/Debt
Total Assets	$126,377,114
Total Liabilities	$91,616,357
Net Assets	$34,760,757

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Matthew Reilein (President & Ceo (And Director))	$1,003,040	$0	$330,219
Todd Fabian (Managing Director West Region)	$942,408	$0	$452,483
Rachel Rhodes (Svp, Lihtc Production)	$819,948	$0	$475,413
Alex Denja (Svp, Coo, Cfo)	$774,334	$0	$173,843
Judy Schneider (Svp Chief Risk Officer)	$691,752	$0	$124,470
Reena Bramblett (Svp Equity Placement)	$682,508	$0	$113,451
Mark Siranovic (Svp Investor Relations)	$680,821	$0	$125,706
Peter Harrison (Svp Asset Management)	$626,774	$0	$137,993
Emily Chen (Managing Director East Region)	$582,324	$0	$386,598
Ed Simon (Svp/Cio)	$578,863	$0	$60,660
Kristen Senff (Managing Director Central Region)	$558,770	$0	$457,710
Michael Rogers (Svp Gen. Counsel & Secretary)	$543,917	$0	$58,490
Jaclyn Jackson (Svp Chief Human Resources Officer)	$437,348	$0	$134,328
Michael May (Director)	$31,000	$0	$0
Edward Sigler (Chairman (And Director))	$15,000	$0	$0
Vicky Arroyo (Director)	$13,000	$0	$0
Jane Graf (Director)	$12,000	$0	$0
Eldridge Edgecombe (Director)	$10,000	$0	$0
Helen Dunlap (Director)	$8,000	$273,484	$0
Gary Rozier (Director)	$6,000	$0	$0
Andrew Ditton (Director)	$5,000	$0	$0
Kristen Switzer (Director)	$0	$0	$0
Lisa Glover (Outgoing Vice Chairman (And Director))	$0	$682,537	$46,168
Michael Pugh (Vice Chairman (And Director))	$0	$224,934	$1,627
Patrick Nash (Director)	$0	$0	$0
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990

Filed on Nov. 14, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$58,767,848

Expenses

$82,608,491

Net Income

-$23,840,643

Net Assets

$30,842,212

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$57,412,087	97.7%
Investment Income	$465,810	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$889,951	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,048,507	7.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$32,206,317	39.0%

Assets/Debt
Total Assets	$105,588,099
Total Liabilities	$74,745,887
Net Assets	$30,842,212

Compensation

Key Employees and Officers	Compensation	Related	Other
Matthew Reilein (President & Ceo (And Director))	$963,963	$0	$64,499
Todd Fabian (Managing Director West Region)	$921,724	$0	$750,021
Rachel Rhodes (Managing Director Central Region)	$806,545	$0	$615,061
Alex Denja (Svp, Coo, Cfo)	$735,910	$0	$62,605
Judy Schneider (Svp, Chief Risk Officer, Asst Sec)	$672,368	$0	$39,073
Mark Siranovic (Svp Multi Investor Fund Markets)	$661,733	$0	$59,847
Reena Bramblett (Svp & Proprietary Fund Markets)	$637,721	$0	$55,242
Michael Jacobs (Svp Originations (Outgoing))	$610,139	$0	$39,869
Peter Harrison (Svp Asset Management)	$606,662	$0	$58,983
Ed Simon (Svp/Cio)	$556,257	$0	$57,634
Deborah Burkart (Managing Director Sptve Hsing & Spl Proj)	$528,014	$0	$300,021
Michael Rogers (Svp Gen. Counsel & Secretary)	$525,167	$0	$55,731
Emily Chen (Managing Director East Region)	$518,253	$0	$401,710
Karen Przypyszny (Former Svp)	$459,568	$0	$54,800
Kevin Boes (Former Svp)	$394,022	$89,497	$57,889
Michael May (Director)	$87,000	$0	$0
John Lindell (Director)	$18,000	$0	$0
Edward Sigler (Director & Chairman)	$16,000	$0	$0
Eldridge Edgecombe (Director)	$15,000	$0	$0
Jane Graf (Director)	$14,000	$0	$0
Helen Dunlap (Director)	$11,000	$123,050	$0
Gary Rozier (Director)	$10,000	$0	$0
Andrew Ditton (Director)	$4,500	$0	$0
Vicky Arroyo (Director)	$4,000	$0	$0
Keith Burgess (Outgoing Director)	$0	$0	$0
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990

Filed on Nov. 14, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$59,533,345

Expenses

$85,349,142

Net Income

-$25,815,797

Net Assets

$39,682,855

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$57,972,532	97.4%
Investment Income	$198,617	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,362,196	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,701,113	6.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$30,409,709	35.6%

Assets/Debt
Total Assets	$118,912,735
Total Liabilities	$79,229,880
Net Assets	$39,682,855

Compensation

Key Employees and Officers	Compensation	Related	Other
Matthew Reilein (President & Ceo (And Director))	$894,174	$0	$61,910
Alex Denja (Svp, Coo, Cfo)	$688,030	$0	$60,410
Rachel Rhodes (Managing Director Central Region)	$661,712	$0	$663,268
Judy Schneider (Svp, Chief Risk Officer, Asst Sec)	$635,784	$0	$37,933
Mark Siranovic (Svp Multi Investor Fund Markets)	$625,327	$0	$57,883
Todd Fabian (Managing Director West Region)	$612,041	$0	$778,513
Kevin Boes (Former Svp)	$609,179	$0	$62,910
Reena Bramblett (Svp & Proprietary Fund Markets)	$601,716	$0	$53,582
Michael Jacobs (Svp Originations)	$589,226	$0	$40,062
Peter Harrison (Svp Asset Management)	$574,991	$0	$57,288
Ed Simon (Svp/Cio)	$528,335	$0	$55,734
Steven Petsos (Nmsc Svp/Chief Operating Officer)	$511,326	$0	$60,356
Michael Rogers (Svp Gen. Counsel & Secretary)	$506,531	$0	$51,941
Jason Aldridge (Managing Director South Region)	$469,287	$0	$376,265
Karen Przypyszny (Former Managing Director)	$424,715	$0	$52,698
Michael May (Director)	$86,000	$0	$0
John Lindell (Director)	$16,000	$0	$0
Edward Sigler (Director & Chairman)	$13,000	$0	$0
Eldridge Edgecombe (Director)	$12,000	$0	$0
Jane Graf (Director)	$9,000	$0	$0
Gary Rozier (Director)	$8,000	$0	$0
Helen Dunlap (Director)	$8,000	$114,175	$0
Andrew Ditton (Director)	$3,500	$0	$0
Keith Burgess (Director)	$0	$0	$0
Kristen Switzer (Director)	$0	$0	$0
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990

Filed on Nov. 11, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$63,282,557

Expenses

$70,825,279

Net Income

-$7,542,722

Net Assets

$50,496,466

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$60,309,943	95.3%
Investment Income	$409,399	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,563,215	4.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,075,609	7.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$25,434,601	35.9%

Assets/Debt
Total Assets	$106,020,434
Total Liabilities	$55,523,968
Net Assets	$50,496,466

Compensation

Key Employees and Officers	Compensation	Related	Other
Matthew Reilein (President & Ceo (And Director))	$691,942	$0	$52,221
Alex Denja (Svp, Coo, Cfo)	$646,515	$0	$56,920
Todd Fabian (Vp/Regional Manager)	$605,905	$0	$470,251
Judy Schneider (Svp, Chief Risk Officer, Asst Sec)	$596,356	$0	$38,732
Mark Siranovic (Svp Multi Investor Fund Markets)	$560,625	$0	$54,083
Michael Jacobs (Svp Originations)	$559,651	$0	$41,993
Kevin Boes (Former Svp)	$539,662	$0	$59,730
Rachel Rhodes (Vp/Regional Manager)	$530,515	$0	$520,251
Peter Harrison (Svp Asset Management)	$530,150	$0	$53,815
Reena Bramblett (Svp & Proprietary Fund Mar)	$518,850	$0	$39,493
Deborah Burkart (National Vp Supportive Housing)	$507,420	$0	$295,251
Ed Simon (Svp/Chief Information Offi)	$501,407	$0	$52,202
Emily Chen (Vp/Regional Manager)	$493,832	$0	$296,080
Michael Rogers (Svp Gen. Counsel & Secretary)	$477,811	$0	$50,667
Karen Przypyszny (Former Managing Dir Special Initiatives)	$377,381	$0	$47,076
Joseph Hagan (Former President Emeritus)	$333,900	$0	$0
Gregory Schuler (Former Svp Gen Council Asst Sec.)	$223,726	$0	$19,957
John Lindell (Director)	$17,000	$0	$0
Eldridge Edgecombe (Director)	$15,000	$0	$0
Edward Sigler (Director & Chairman)	$14,000	$0	$0
Helen Dunlap (Director)	$12,000	$161,720	$0
Michael May (Director)	$12,000	$0	$0
Andrew Ditton (Director)	$6,000	$0	$0
Gary Rozier (Director)	$5,000	$0	$0
Jane Graf (Director)	$5,000	$0	$0
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990

Filed on Nov. 12, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$52,923,109

Expenses

$68,583,075

Net Income

-$15,659,966

Net Assets

$49,048,421

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$50,656,668	95.7%
Investment Income	$1,396,769	2.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$869,672	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,995,364	10.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,918,543	32.0%

Assets/Debt
Total Assets	$97,839,893
Total Liabilities	$48,791,472
Net Assets	$49,048,421

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph Hagan (President Emeritus)	$1,426,968	$0	$356,041
Todd Fabian (Vp/Regional Manager)	$739,427	$0	$468,966
Rachel Rhodes (Vp/Regional Manager)	$585,800	$0	$393,966
Alex Denja (Svp, Coo, Cfo)	$540,463	$0	$54,172
Michael Jacobs (Svp Originations)	$520,505	$0	$53,359
Judy Schneider (Svp, Chief Risk Officer, A)	$518,346	$0	$51,895
Mark Siranovic (Svp Mlti Inv Fnd Mkts)	$504,251	$0	$52,780
Peter Harrison (Svp Asset Management)	$460,306	$0	$52,200
Michael Rogers (Svp Gen. Counsel & Secreta)	$439,582	$0	$49,329
Reena Bramblett (Svp & Proprietary Fund Mar)	$439,143	$0	$23,959
Ed Simon (Svp/Chief Information Offi)	$435,986	$0	$50,111
Kevin Boes (Svp)	$434,999	$0	$58,641
Kristen Senff (Vp/Originations)	$432,637	$0	$216,737
Anthony Lyons (Vp/Relationship Manager)	$426,334	$0	$254,005
Karen Przypyszny (Managing Director Special)	$340,605	$0	$45,873
Gregory Schuler (Former Svp Gen Council Ass)	$237,279	$0	$21,642
Matthew Reilein (President & Ceo (And Director))	$225,319	$0	$14,586
Edward Sigler (Director & Chairman)	$17,000	$0	$0
John Lindell (Director)	$16,000	$0	$0
Michael May (Director)	$15,000	$0	$0
Eldridge Edgecombe (Director)	$14,000	$0	$0
Helen Dunlap (Director)	$10,000	$70,559	$0
Keith Burgess (Director)	$9,000	$0	$0
Andrew Ditton (Director)	$5,000	$0	$0
Patrick Nash (Director)	$3,000	$0	$0
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990

Filed on Nov. 12, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$55,401,603

Expenses

$61,139,710

Net Income

-$5,738,107

Net Assets

$46,133,384

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$52,923,557	95.5%
Investment Income	$1,127,529	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,350,517	2.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,040,847	8.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,880,034	35.8%

Assets/Debt
Total Assets	$89,732,932
Total Liabilities	$43,599,548
Net Assets	$46,133,384

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph Hagan (President & Ceo (And Director))	$703,938	$0	$222,133
Alex Denja (Svp, Coo, Cfo & Treasurer)	$509,410	$0	$52,979
Michael Jacobs (Svp Originations)	$497,722	$0	$53,079
Judy Schneider (Svp, Chief Risk Officer, Asst Sec)	$495,548	$0	$51,318
Mark Siranovic (Svp Mlti Inv Fnd Mkts&Asst Trs)	$481,826	$0	$52,504
Karen Przypyszny (Managing Director Special Initiatives)	$469,201	$0	$46,727
Kevin Boes (Svp)	$466,620	$0	$57,609
Peter Harrison (Svp Asset Management)	$437,948	$0	$51,928
Todd Fabian (Vp/Regional Manager)	$417,854	$0	$609,575
Michael Rogers (Svp Gen. Counsel & Secretary)	$415,448	$0	$48,853
Ed Simon (Svp/Chief Information Officer)	$412,695	$0	$49,820
Joseph Forgue (Svp/Project Management)	$368,348	$0	$34,578
Steve Petsos (Nmsc Svp/ Chief Operating Officer)	$358,461	$0	$49,719
Reena Bramblett (Svp & Proprietary Fund Markets)	$307,519	$0	$22,486
Gregory Schuler (Former Svp Gen Council Asst Sec.)	$226,357	$0	$21,046
Thomas Flanagan (Former Vp & Asst. Secretary)	$123,870	$0	$0
Edward Sigler (Director & Chairman)	$15,000	$0	$0
Eldridge Edgecombe (Director)	$15,000	$0	$0
John Lindell (Director)	$15,000	$0	$0
Keith Burgess (Director)	$14,000	$0	$0
Michael May (Director)	$12,000	$0	$0
Helen Dunlap (Director)	$11,000	$29,282	$0
Andrew Ditton (Director)	$5,500	$0	$0
Patrick Nash (Director)	$5,000	$0	$0
Jane Graf (Director)	$0	$0	$0
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990

Filed on Nov. 14, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$49,385,594

Expenses

$56,345,236

Net Income

-$6,959,642

Net Assets

$32,589,150

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$48,043,190	97.3%
Investment Income	$360,505	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$981,899	2.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,075,841	9.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$20,096,792	35.7%

Assets/Debt
Total Assets	$89,686,200
Total Liabilities	$57,097,050
Net Assets	$32,589,150

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph Hagan (President & Ceo (And Director))	$615,306	$0	$220,291
Rachel Rhodes (Vp)	$497,147	$0	$179,884
Kevin Boes (Svp)	$443,834	$0	$55,427
Michael Jacobs (Svp Originations)	$443,426	$0	$51,524
Karen Przypyszny (Svp Proprietary Fund Markets)	$443,386	$0	$48,449
Mark Siranovic (Svp Mlti Inv Fnd Mkts&Asst Trs)	$439,989	$0	$51,024
Judy Schneider (Chief Risk Officer)	$423,306	$0	$49,764
Todd Fabian (Vp)	$417,525	$0	$286,975
Anthony Lyons (Vp)	$405,087	$0	$117,604
Alex Denja (Svp, Coo, Cfo & Treasurer)	$401,107	$0	$48,978
Peter Harrison (Svp Asset Management)	$384,926	$0	$50,374
Joseph Forgue (Svp)	$384,170	$0	$45,678
Michael Rogers (Svp Gen. Counsel & Secretary)	$364,586	$0	$47,299
Ed Simon (Svp/Chief Information Officer)	$364,046	$0	$47,574
Gregory Schuler (Former Officer)	$184,500	$0	$21,045
Thomas Flanagan (Former Vp & Asst. Secretary)	$176,136	$0	$21,142
John Lindell (Director)	$13,000	$0	$0
Michael May (Director)	$13,000	$0	$0
Larry Dale (Former Director & Chairman)	$12,000	$0	$0
Eldridge Edgecombe (Director)	$12,000	$0	$0
Helen Dunlap (Director)	$11,000	$66,942	$0
Patrick Nash (Director)	$11,000	$0	$0
Andrew Ditton (Director)	$5,000	$0	$0
Edward Sigler (Director & Chairman)	$1,000	$0	$0
Robert Mantle (Director)	$0	$0	$0
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990

Filed on Nov. 14, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$51,317,523

Expenses

$54,146,338

Net Income

-$2,828,815

Net Assets

$38,086,292

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$49,115,386	95.7%
Investment Income	$203,698	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,998,439	3.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,979,131	9.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,019,657	35.1%

Assets/Debt
Total Assets	$89,535,769
Total Liabilities	$51,449,477
Net Assets	$38,086,292

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph Hagan (President & Ceo)	$613,276	$0	$219,717
Rachel Rhodes (Vp)	$498,965	$0	$366,250
Michael Jacobs (Svp Originations)	$442,419	$0	$51,402
Karen Przypyszny (Svp Proprietary Fund Markets)	$442,268	$0	$47,792
Mark Siranovic (Svp Multi Investor Fund Market)	$439,514	$0	$50,881
Judy Schneider (Chief Risk Officer)	$422,651	$0	$49,689
Kevin Boes (Svp)	$401,146	$0	$54,543
Alex Denja (Svp, Treasurer & Cfo)	$395,936	$0	$48,324
Todd Fabian (Vp)	$384,354	$0	$286,478
Peter Harrison (Svp Asset Management)	$384,165	$0	$50,287
Joseph Forgue (Svp)	$378,416	$0	$49,512
Ed Simon (Svp/Chief Information Officer)	$364,263	$0	$47,479
Anthony Lyons (Vp)	$349,628	$0	$247,422
Gregory Schuler (Former Officer)	$270,050	$0	$18,078
Michael Rogers (Svp General Counsel & Sec)	$212,008	$0	$46,891
Thomas Flanagan (Vp & Asst. Secretary)	$179,857	$0	$25,199
Eldridge Edgecombe (Director)	$16,000	$0	$0
John Lindell (Director)	$16,000	$0	$0
Helen Dunlap (Director)	$14,000	$136,690	$0
Larry Dale (Chairman)	$13,000	$0	$0
Patrick Nash (Director)	$12,000	$0	$0
Michael May (Director)	$11,000	$0	$0
Herbert Morse (Director)	$7,000	$0	$0
Andrew Ditton (Director)	$5,000	$0	$0
Jane Graf (Director)	$0	$0	$0
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990

Filed on Nov. 13, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$55,675,713

Expenses

$52,709,587

Net Income

$2,966,126

Net Assets

$37,930,407

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$52,341,811	94.0%
Investment Income	$260,191	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,073,711	5.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,165,362	7.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,157,060	36.3%

Assets/Debt
Total Assets	$84,676,239
Total Liabilities	$46,745,832
Net Assets	$37,930,407

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph Hagan (President & Ceo)	$560,540	$0	$218,904
Kevin Boes (Svp)	$377,660	$0	$52,725
Rachel Rhodes (Vp)	$364,178	$0	$367,286
Karen Przypyszny (Svp Equity Placement)	$346,757	$0	$46,873
Michael Jacobs (Svp Originations)	$345,917	$0	$49,811
Mark Siranovic (Svp Cap Markets & Asst Treas)	$345,140	$0	$49,705
Judy Schneider (Svp & Chief Risk Officer)	$343,764	$0	$48,176
Greg Schuler (Svp General Counsel & Asst Sec)	$311,457	$0	$46,593
Alex Denja (Svp Treasurer & Cfo)	$309,420	$0	$46,817
Peter Harrison (Svp Asset Management)	$307,137	$0	$46,416
Joseph Forgue (Svp)	$286,711	$0	$46,883
Ed Simon (Svp/Chief Information Officer)	$273,984	$0	$46,029
Anthony Lyons (Vp)	$267,996	$0	$192,063
Todd Fabian (Vp)	$250,637	$0	$252,495
Thomas Flanagan (Vp & Secretary)	$173,138	$0	$24,553
John Lindell (Director)	$14,000	$0	$0
Herbert Morse (Director)	$14,000	$0	$0
Eldridge Edgecombe (Director)	$13,000	$0	$0
Elizabeth Pugh (Director)	$12,000	$0	$0
Larry Dale (Chairman)	$11,000	$0	$0
Helen Dunlap (Director)	$10,000	$46,511	$0
Printice Gary (Director)	$8,000	$0	$0
Michael May (Director)	$8,000	$0	$0
Andrew Ditton (Director)	$3,500	$0	$0
Kristen Switzer (Director)	$2,000	$0	$0
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990

Filed on Nov. 14, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$44,489,284

Expenses

$45,791,389

Net Income

-$1,302,105

Net Assets

$34,996,691

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,192,855	97.1%
Investment Income	$151,895	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,144,534	2.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,563,014	7.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,585,607	36.2%

Assets/Debt
Total Assets	$71,740,591
Total Liabilities	$36,743,900
Net Assets	$34,996,691

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph Hagan (President & Ceo (And Director))	$459,245	$0	$216,653
Kevin Boes (Svp)	$358,366	$0	$49,362
Anthony Lyons (Vp)	$331,758	$0	$32,064
Rachel Rhodes (Vp)	$316,053	$0	$40,211
Todd Fabian (Vp)	$284,793	$0	$40,468
Judy Schneider (Svp & Chief Credit Officer)	$251,249	$0	$46,261
Greg Schuler (Svp General Counsel & Asst. Se)	$247,900	$0	$43,999
Mark Siranovic (Svp Capital Markets & Asst. Tr)	$247,167	$0	$47,183
Michael Jacobs (Svp Originations)	$245,765	$0	$47,062
Robert Poznanski (Svp)	$245,200	$0	$41,340
Karen Przypyszny (Svp Equity Placement)	$243,344	$0	$43,036
Matthew Huber (Svp)	$243,115	$0	$40,666
Peter Harrison (Svp Asset Management)	$242,710	$0	$46,523
Alex Denja (Svp Treasurer & Cfo)	$237,712	$0	$44,031
Deborah Burkart (Vp)	$224,278	$0	$32,004
Ed Simon (Svp & Cio)	$214,581	$0	$42,458
Sue Ann Reed (Svp)	$192,318	$0	$27,539
Thomas Flanagan (Vp & Secretary)	$158,601	$0	$23,579
Gaylene Domer (Vp)	$150,367	$0	$34,416
Jolene Birkelo (Vp)	$132,224	$0	$23,187
Lawrence Howard Sereda (Svp Venture Capital)	$128,668	$0	$17,098
Patricia Norum (Asst Secretary)	$120,885	$0	$22,357
Herbert Morse (Director)	$17,000	$0	$0
John Lindell (Director)	$16,000	$0	$0
Eldridge Edgecombe (Director)	$15,000	$0	$0
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990

Filed on Nov. 14, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$35,745,570

Expenses

$40,865,086

Net Income

-$5,119,516

Net Assets

$33,334,513

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$46,875	0.1%
Program Services	$34,480,172	96.5%
Investment Income	$270,891	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$947,632	2.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,024,111	9.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,898,907	34.0%

Assets/Debt
Total Assets	$61,338,405
Total Liabilities	$28,003,892
Net Assets	$33,334,513

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph Hagan (President & Ceo)	$611,236	$0	$48,476
Kevin Boes (Svp)	$355,553	$0	$45,738
Rachel Rhodes (Vp)	$325,185	$0	$38,324
Karen Przypyszny (Svp Equity Placement)	$312,790	$0	$42,575
Judy Schneider (Svp & Chief Credit Officer)	$299,345	$0	$44,684
Gregory Schuler (Svp General Counsel & Asst S Ec)	$296,767	$0	$42,442
Lawrence Howard Sereda (Svp Venture Capital)	$295,171	$0	$41,415
Peter Harrison (Svp Asset Management)	$280,397	$0	$42,465
Michael Jacobs (Svp Acquisitions)	$277,242	$0	$33,672
Anthony Lyons (Vp)	$276,206	$0	$38,615
Alex Denja (Svp, Treasurer & Cfo)	$274,753	$0	$41,768
Todd Fabian (Vp)	$273,063	$0	$39,615
Mark Siranovic (Svp Capital Mkts & Asst Treas)	$273,051	$0	$44,965
Ed Simon (Svp & Cio)	$250,922	$0	$42,386
Robert Poznanski (Svp)	$235,779	$0	$39,859
Sue Ann Reed (Svp)	$227,328	$0	$26,210
Deborah Burkart (Vp)	$224,001	$0	$18,554
Matthew Huber (Svp)	$208,139	$0	$38,546
Thomas Flanagan (Vp & Secretary)	$167,682	$0	$23,150
Gaylene Domer (Vp)	$162,802	$0	$33,016
Jolene Birkelo (Vp)	$140,497	$0	$22,563
Patricia Norum (Asst Secretary)	$124,060	$0	$22,508
Helen Dunlap (Director)	$21,275	$94,953	$0
Herbert Morse (Director)	$17,000	$0	$0
Larry Dale (Chairman)	$14,000	$0	$0
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990

Filed on Nov. 12, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$37,732,907

Expenses

$44,451,007

Net Income

-$6,718,100

Net Assets

$30,587,490

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$236,875	0.6%
Program Services	$35,811,267	94.9%
Investment Income	$398,950	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,285,815	3.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,517,923	10.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,442,714	32.5%

Assets/Debt
Total Assets	$70,039,754
Total Liabilities	$39,452,264
Net Assets	$30,587,490

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$34,700,961

Expenses

$50,657,342

Net Income

-$15,956,381

Net Assets

$27,640,272

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$34,106,244	98.3%
Investment Income	$154,235	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$440,482	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,235,617	8.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,391,619	30.4%

Assets/Debt
Total Assets	$68,936,327
Total Liabilities	$41,296,055
Net Assets	$27,640,272

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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National Equity Fund Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $86M (2023)

Expenses $90M (2023)

Total Assets $126M (2023)

Total Liabilities $91.6M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$86M (2023)

Expenses

$90M (2023)

Total Assets

$126M (2023)

Total Liabilities

$91.6M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004