Locus Impact Fund

Christiansburg, VA
Tax-exempt since Dec. 1999
EIN: 54-1754009

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Business and Industry (NTEE)

Donations to this organization are tax deductible.

Revenue

$9.56M (2022)

Expenses

$5.1M (2022)

Total Assets

$68.1M (2022)

Total Liabilities

$49.2M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Form 990 documents are not available for this tax period, but audit documents are available for download.

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2022

Revenue

$9,556,651

Expenses

$5,097,939

Net Income

$4,458,712

Net Assets

$18,946,880

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,626,276	69.3%
Program Services	$2,297,394	24.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,008	0.0%
Net Inventory Sales	$0
Other Revenue	$630,973	6.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,271,069	44.5%

Assets/Debt
Total Assets	$68,117,321
Total Liabilities	$49,170,441
Net Assets	$18,946,880

Compensation

Key Employees and Officers	Compensation	Related	Other
Amir Kirkwood (President & Ceo)	$143,185	$143,185	$0
Caroline Nowery (Senior Vice President)	$79,243	$79,243	$0
Clyde Cornett (Cfo & Treasurer)	$66,766	$171,682	$0
Peter Taylor (Chief Information Officer)	$64,319	$136,678	$0
Ashley N Coleman (Vice President)	$64,128	$64,128	$0
Tammy Jackson (Chief Human Capital Office)	$60,524	$128,613	$0
Corbin Anderson (Vice President)	$57,390	$57,390	$0
Will Groves Ii (Cro & Cio)	$48,343	$193,373	$0
Bill Greenleaf (Senior Vice President)	$44,518	$103,875	$0
Jessica Alley (Director Of Information Technology)	$36,862	$78,332	$0
Allie Fridley (Director Of Internal Audit)	$33,887	$72,010	$0
Chris Hairston White (Senior Vice President)	$28,419	$113,675	$0
Meredith Smith (Senior Vice President)	$26,195	$104,781	$0
Joseph Barnes (Senior Vice President)	$26,022	$104,087	$0
Ernest Maddy (Senior Vice President)	$25,974	$103,900	$0
Chris Spanoulis (Real Estate Loan Officer)	$21,578	$86,312	$0
Elizabeth Bettley (Small Business Loan Officer)	$21,196	$84,783	$0
David Newsome (Vice President)	$19,104	$93,272	$0
Jackie Puente (Director)	$14,700	$0	$0
Mary Dwyer Pembroke (Director)	$8,250	$0	$0
Sherry Magill (Director)	$0	$0	$0
Dixon Hanna (Director)	$0	$0	$0
James W Harkness Jr (Director)	$0	$0	$0
Charlie H Mills Iii (Director)	$0	$0	$0
Cathy Dolan (Director)	$0	$0	$0
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990

Filed on Nov. 15, 2023

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2021

Revenue

$9,502,783

Expenses

$5,939,072

Net Income

$3,563,711

Net Assets

$15,114,831

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,151,687	64.7%
Program Services	$1,960,228	20.6%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$20,588
Net Inventory Sales	$0
Other Revenue	$1,411,456	14.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,440,580	41.1%

Assets/Debt
Total Assets	$56,421,694
Total Liabilities	$41,306,863
Net Assets	$15,114,831

Compensation

Key Employees and Officers	Compensation	Related	Other
Wayne Waldrop (President Vcc Lending)	$116,386	$112,755	$0
Jane Henderson (President & Ceo)	$113,232	$230,336	$0
Clyde Cornett Jr (Evp & Cfo)	$98,572	$116,675	$0
Tammy Jackson (Chief Human Capital Officer)	$87,548	$86,351	$0
Peter Taylor (Chief Information Officer)	$83,496	$83,479	$0
William Groves (Senior Vice President Vcc)	$68,146	$159,014	$0
Amir Kirkwood (President Vcc)	$21,877	$32,813	$0
Cathy Dolan (Director)	$0	$0	$0
Robert Gilliam Jr (Director)	$0	$0	$0
Dixon Hanna (Director)	$0	$0	$0
James Harkness Jr (Director)	$0	$0	$0
Florence Kingston (Director)	$0	$0	$0
Sherry Magill (Director)	$0	$0	$0
Charles Mills Iii (Director)	$0	$0	$0
Mary Dwyer Pembroke (Director)	$0	$0	$0
William Shelton (Director)	$0	$0	$0
Jackie Puente (Director)	$0	$0	$0
Kimberly Armstrong (Director)	$0	$0	$0
Adam Northup (Senior Vice President Locus)	$0	$201,768	$0
Deb Markley (Senior Vice President Locus)	$0	$174,229	$0
Sarah Stremlau (President Locus)	$0	$225,291	$0

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990

Filed on Nov. 15, 2022

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2020

Revenue

$7,957,534

Expenses

$5,451,826

Net Income

$2,505,708

Net Assets

$36,159,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,481,880	68.9%
Program Services	$2,360,996	29.7%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$114,658	1.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,267,169	41.6%

Assets/Debt
Total Assets	$86,360,027
Total Liabilities	$50,200,289
Net Assets	$36,159,738

Compensation

Key Employees and Officers	Compensation	Related	Other
Teri Lovelace (Senior Vice President)	$175,255	$0	$2,053
Caroline B Nowery (Director Of Investor Relations)	$149,102	$0	$6,846
Jane Henderson (President & Ceo)	$130,968	$243,227	$9,775
Wayne Waldrop (President Lending)	$126,797	$126,802	$8,588
Clyde Cornett Jr (Evp & Cfo)	$119,893	$119,430	$6,880
Tammy Jackson (Chief Human Capital Office)	$80,023	$80,018	$10,080
William Groves (Senior Vice President)	$62,692	$146,265	$11,756
Peter Taylor (Chief Information Officer)	$61,089	$61,085	$5,773
William S Greenleaf (Real Estate Lending Manager)	$43,131	$100,640	$9,145
Daniel H Flye (Credit Risk Manager)	$38,669	$90,228	$4,693
Corbin T Anderson (Real Estate Loan Officer)	$37,695	$87,954	$5,785
Mary Dwyer Pembroke (Director)	$5,300	$0	$0
Kimberly Armstrong (Director)	$0	$0	$0
Cathy Dolan (Director)	$0	$0	$0
Robert Gilliam Jr (Director)	$0	$0	$0
Dixon Hanna (Director)	$0	$0	$0
James Harkness Jr (Director)	$0	$0	$0
Florence Kingston (Director)	$0	$0	$0
Sherry Magill (Director)	$0	$0	$0
Charles Mills Iii (Director)	$0	$0	$0
William Shelton (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2021

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2019

Revenue

$6,635,253

Expenses

$5,621,386

Net Income

$1,013,867

Net Assets

$32,057,244

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,276,317	64.4%
Program Services	$2,222,546	33.5%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$136,390	2.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,339,448	41.6%

Assets/Debt
Total Assets	$81,321,415
Total Liabilities	$49,264,171
Net Assets	$32,057,244

Compensation

Key Employees and Officers	Compensation	Related	Other
Jane Henderson (President & Ceo)	$305,476	$0	$8,824
Clyde Cornett Jr (Evp & Cfo)	$191,584	$0	$6,387
William Groves (Senior Vice President)	$183,083	$0	$6,883
William Greenleaf (Key Employee)	$139,483	$0	$4,763
Wayne Waldrop (President Lending)	$138,133	$59,200	$6,797
Belinda Tucker (Chief Operating Officer)	$131,529	$0	$4,839
Tammy Jackson (Chief Human Capital Officer)	$128,500	$0	$2,420
Zachary Petry (Key Employee)	$111,900	$0	$0
Stacey Antonelli (Secretary)	$72,328	$0	$6,026
Kimberly Armstrong (Director)	$0	$0	$0
Cathy Dolan (Director)	$0	$8,850	$0
Robert Gilliam Jr (Director)	$0	$0	$0
Dixon Hanna (Director)	$0	$6,650	$0
James Harkness Jr (Director)	$0	$9,150	$0
Florence Kingston (Director)	$0	$0	$0
Sherry Magill (Director)	$0	$3,100	$0
Charles Mills Iii (Director)	$0	$5,650	$0
Mary Pembroke (Director)	$0	$0	$0
William Shelton (Director)	$0	$0	$0
Alvin Smuzynski (Director)	$0	$0	$0

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990

Filed on Nov. 13, 2020

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2018

Revenue

$8,066,526

Expenses

$5,476,223

Net Income

$2,590,303

Net Assets

$29,783,793

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,719,633	70.9%
Program Services	$1,997,760	24.8%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$349,133	4.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$889,150	16.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,172,575	21.4%

Assets/Debt
Total Assets	$77,081,940
Total Liabilities	$47,298,147
Net Assets	$29,783,793

Compensation

Key Employees and Officers	Compensation	Related	Other
Jane Henderson (President)	$285,855	$0	$5,199
Wayne Waldrop (Senior Vice President)	$190,409	$0	$2,945
Teri Lovelace (Senior Vice President)	$183,445	$0	$5,742
Clyde Cornett (Executive Vice President)	$181,020	$0	$2,823
Don Mack (Senior Vice President)	$162,731	$0	$900
Deborah Markley (Senior Vice President)	$159,194	$0	$0
Belinda Tucker (Senior Vice President)	$153,597	$0	$0
Theresa Joyce (Senior Vice President)	$129,697	$0	$7,470
William Greenleaf (Senior Vice President)	$129,556	$0	$8,421
Caroline Nowery (Vice President)	$125,405	$0	$7,403
Edward Chin (Senior Vice President)	$116,716	$0	$11,228
William Groves (Senior Vice President)	$114,860	$0	$2,590
Zachary Petry (Vice President)	$112,991	$0	$3,676
Corbin Anderson (Vice President)	$107,232	$0	$3,268
Hector Carmelo (Vice President)	$102,388	$0	$1,529
Candace Branch (Vice President)	$91,526	$0	$11,040
Mary Dwyer Pembroke (Director)	$5,000	$0	$0
Sherry Magill (Director)	$0	$0	$0
Kim Armstrong (Director)	$0	$5,700	$0
Florence Kingston (Director)	$0	$12,700	$0
James W Harkness Jr (Director)	$0	$11,750	$0
Alvin Smuzynski (Director)	$0	$13,900	$0
Charlie H Mills Iii (Director)	$0	$8,750	$0
Robert H Gilliam Jr (Director)	$0	$10,100	$0
Cathy Dolan (Director)	$0	$12,250	$0
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990

Filed on Nov. 12, 2019

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2017

Revenue

$6,296,292

Expenses

$5,280,650

Net Income

$1,015,642

Net Assets

$26,327,426

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,133,475	65.6%
Program Services	$1,707,872	27.1%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$454,945	7.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,176,189	22.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$850,252	16.1%

Assets/Debt
Total Assets	$69,370,825
Total Liabilities	$43,043,399
Net Assets	$26,327,426

Compensation

Key Employees and Officers	Compensation	Related	Other
Jane Henderson (Ceo & President, Vcc, Inc.)	$263,249	$0	$22,400
Wayne Waldrop (President, Vcc Lending & Community Impact)	$180,471	$0	$13,853
Teri Lovelace (President Of Locus)	$174,811	$0	$22,400
Clyde Cornett Jr (Chief Financial Officer & Evp)	$171,247	$0	$18,000
Deborah Markley (Senior Vp Cre)	$155,027	$0	$12,000
Donald Macke (Senior Vp Cre)	$153,230	$0	$12,000
Edward Chin (Chief Risk Officer)	$142,362	$0	$3,600
Belinda Tucker (Chief Operating Officer)	$142,347	$0	$1,350
William Greenleaf (Senior Loan Officer)	$120,097	$0	$0
Thresa Joyce (Senior Loan Officer)	$117,066	$0	$5,050
Zachary Petry (Senior Loan Officer)	$100,458	$0	$3,400
Roberta Douma (Chief Human Capital Officer)	$97,402	$0	$4,000
Mary Dwyer Pembroke (Director)	$4,300	$0	$0
Dixon Hanna (Director)	$0	$7,750	$0
Florence Kingston (Director)	$0	$12,500	$0
James W Harkness Jr (Director)	$0	$9,250	$0
Alvin Smuzynski (Director)	$0	$13,050	$0
Charlie H Mills Iii (Director)	$0	$7,550	$0
Robert H Gilliam Jr (Director)	$0	$10,050	$0
Cathy Dolan (Director)	$0	$1,500	$0
William C Shelton (Director)	$0	$0	$0

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990

Filed on Nov. 5, 2018

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2016

Revenue

$5,306,924

Expenses

$4,819,651

Net Income

$487,273

Net Assets

$24,739,204

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,704,247	69.8%
Program Services	$1,529,192	28.8%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$73,485	1.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,607,296	33.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$337,637	7.0%

Assets/Debt
Total Assets	$57,664,923
Total Liabilities	$32,925,719
Net Assets	$24,739,204

Compensation

Key Employees and Officers	Compensation	Related	Other
Jane Henderson (President And Ceo)	$214,392	$0	$15,393
Clyde Cornett (Chief Financial Officer)	$155,357	$0	$12,688
Wayne Waldrop (Chief Lending Officer)	$148,653	$0	$12,834
Edward Chin (Chief Risk Officer)	$139,835	$0	$22,499
Martha Shifflett (Senior Loan Officer)	$117,997	$0	$11,522
Teri Lovelace (Chief Impact Officer)	$116,835	$0	$10,955
Theresa Joyce (Senior Loan Officer)	$110,868	$0	$21,040
Dawn Dehart (Senior Loan Officer)	$109,401	$0	$16,968
Belinda Tucker (Chief Operating Officer)	$102,125	$0	$816
Caroline Nowery (Community Investment Manager)	$101,177	$0	$16,326
Roberta Douma (Chief Human Capital Officer)	$68,725	$0	$13,140
Alvin Smuzynski (Director)	$12,150	$0	$0
Robert H Gilliam Jr (Director)	$10,200	$0	$0
Florence Kingston (Director)	$10,100	$0	$0
Charles H Mills Iii (Director)	$10,100	$0	$0
James Harkness Jr (Director)	$8,250	$0	$0
Mary Dwyer Pembroke (Director)	$7,450	$0	$0
Dixon B Hanna (Director)	$6,500	$0	$0
Gregory B Fairchild (Director)	$3,000	$0	$0

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990

Filed on Aug. 30, 2017

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2015

Revenue

$4,437,027

Expenses

$3,854,561

Net Income

$582,466

Net Assets

$24,159,828

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,621,138	59.1%
Program Services	$1,815,889	40.9%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,469,830	38.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$55,125,581
Total Liabilities	$30,965,753
Net Assets	$24,159,828

Compensation

Key Employees and Officers	Compensation	Related	Other
Jane Henderson (President And Ceo)	$211,490	$0	$9,034
Clyde Cornett (Chief Financial Officer)	$157,820	$0	$6,167
Wayne Waldrop (Chief Lending Officer)	$140,230	$0	$5,269
Teri Lovelace (Community Investments & Im)	$121,248	$0	$4,563
Dawn Dehart (Senior Loan Officer)	$107,841	$0	$4,609
Monique Johnson (Senior Loan Officer)	$90,548	$0	$3,905
Mary Dwyer Pembroke (Director)	$1,650	$0	$0
Dixon B Hanna (Director)	$0	$3,850	$0
Florence Kingston (Director)	$0	$5,350	$0
James Harkness Jr (Director)	$0	$4,300	$0
William Shelton (Director)	$0	$0	$0
Alvin Smuzynski (Director)	$0	$6,925	$0
Charles H Mills Iii (Director)	$0	$5,550	$0
Robert H Gilliam Jr (Director)	$0	$4,500	$0
Gregory B Fairchild (Director)	$0	$3,400	$0
Kenneth Daniels Partial Yr Term (Director)	$0	$1,900	$0

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990

Filed on Nov. 11, 2016

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Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2014

Revenue

$4,105,086

Expenses

$3,381,987

Net Income

$723,099

Net Assets

$23,384,275

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,178,437	53.1%
Program Services	$1,926,649	46.9%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$923,429	27.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$174,909	5.2%

Assets/Debt
Total Assets	$53,478,027
Total Liabilities	$30,093,752
Net Assets	$23,384,275

Compensation

Key Employees and Officers	Compensation	Related	Other
Jane Henderson (President And Ceo)	$178,855	$0	$13,129
Clyde Cornett (Chief Financial Officer)	$167,000	$0	$11,532
Wayne Waldrop (Chief Lending Officer)	$155,500	$0	$13,906
Dawn Dehart (Senior Loan Officer)	$121,857	$0	$14,811
Teri Lovelace (Community Investments & Impact Manager)	$116,500	$0	$9,781
Monique Johnson (Senior Loan Officer)	$103,000	$0	$17,558
Kenneth Daniels (Director)	$0	$0	$0
Dixon B Hanna (Director)	$0	$0	$0
Florence Kingston (Director)	$0	$0	$0
James Harkness Jr (Director)	$0	$0	$0
Michael Schewel (Director)	$0	$0	$0
William Shelton (Director)	$0	$0	$0
Alvin Smuzynski (Director)	$0	$0	$0
Charles H Mills Iii (Director)	$0	$0	$0
Mary Dwyer Pembroke (Director)	$0	$0	$0
Robert H Gilliam Jr (Director)	$0	$0	$0
Gregory B Fairchild (Director)	$0	$0	$0

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990

Filed on Nov. 2, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$3,884,634

Expenses

$2,888,992

Net Income

$995,642

Net Assets

$22,273,939

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,585,274	40.8%
Program Services	$2,299,360	59.2%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$250,825	8.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$933,070	32.3%

Assets/Debt
Total Assets	$44,452,524
Total Liabilities	$22,178,585
Net Assets	$22,273,939

Compensation

Key Employees and Officers	Compensation	Related	Other
Jane Henderson (President/Ceo/Director)	$175,390	$0	$13,145
Clyde Cornett (Exec.Vp/Cfo/Coo)	$152,765	$0	$11,093
Dawn Dehart (Senior Loan Closer)	$133,265	$0	$14,012
William Strader (Cro)	$111,640	$0	$11,404
Constantine Canavos (Real Estate Lending Manager)	$106,740	$0	$17,002
Teri Lovelace (Community Investments And Impact Manager)	$105,309	$0	$9,389
Pat Kietzman (Manager Of Administration/Secretary)	$77,427	$0	$8,179
Al Smuzynski (Director)	$0	$5,766	$0
Bill Shelton (Director)	$0	$666	$0
Dixon Hanna (Director Chairman)	$0	$4,116	$0
James Harkness Jr (Director)	$0	$5,366	$0
Kenneth Daniels (Director)	$0	$3,915	$0
Michael Schewel (Director)	$0	$666	$0
Florence Kingston (Director)	$0	$5,166	$0
Chuck Mills (Director)	$0	$4,966	$0
Mary Dwyer Pembroke (Director)	$0	$666	$0

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990

Filed on Oct. 28, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$2,733,531

Expenses

$2,147,058

Net Income

$586,473

Net Assets

$21,074,888

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$990,758	36.2%
Program Services	$1,742,773	63.8%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$232,484	10.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$468,991	21.8%

Assets/Debt
Total Assets	$43,486,706
Total Liabilities	$22,411,818
Net Assets	$21,074,888

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$2,261,780

Expenses

$2,199,404

Net Income

$62,376

Net Assets

$20,053,910

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$631,462	27.9%
Program Services	$1,643,443	72.7%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$13,125
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$332,196	15.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$422,128	19.2%

Assets/Debt
Total Assets	$40,184,331
Total Liabilities	$20,130,421
Net Assets	$20,053,910

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 2, 2024

Locus Impact Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $9.56M (2022)

Expenses $5.1M (2022)

Total Assets $68.1M (2022)

Total Liabilities $49.2M (2022)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

No Extracted Financial Data

Document Links

Audits

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

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

Revenue

$9.56M (2022)

Expenses

$5.1M (2022)

Total Assets

$68.1M (2022)

Total Liabilities

$49.2M (2022)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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2021

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2020

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2019

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2018

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