Skip to main content

GROW AMERICA FUND INC

EIN: 13-3641265New York, NYZIP: 10017
S31 - Community Improvement & Capacity Building501(c)(3)

Mission

THE GROW AMERICA FUND, INC. ("GAF") HAS A PRIMARY MISSION TO CREATE ECONOMIC OPPORTUNITY, STIMULATE INVESTMENT, AND TO ENCOURAGE ENTREPRENEURSHIP IN LOW-INCOME COMMUNITIES BY FINANCING BUSINESSES AND ENTREPRENEURS THAT INVEST IN THOSE DISADVANTAGED (CONT. ON SCHEDULE O) COMMUNITIES, AND/OR CREATE JOBS FOR LOW-INCOME UNEMPLOYED AND UNDER-EMPLOYED INDIVIDUALS. GAF, A LICENSED U.S. SBA SMALL BUSINESS LENDING COMPANY, AND U.S. DEPARTMENT OF THE TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDES ACCESS TO CAPITAL FOR BUSINESS EXPANSION STRUCTURED WITH LONGER AMORTIZATION TERMS AND LOWER INTEREST RATES. THESE LENDING TERMS SERVE TO DECREASE DEBT SERVICE COSTS AND IMPROVE THE BORROWER'S OPERATING CASH FLOW, GIVING BUSINESSES A FINANCIAL ADVANTAGE THAT HELPS STRENGTHEN BOTH THE ECONOMIC BASE OF THE BUSINESS, AND THE COMMUNITY.

Financials

YearRevenueExpensesAssets
2023$3.9M$0$46.6M

Compensation

DANIEL MARSH III
$0
$0
$0
$163,290
KEVIN GREMSE
$0
$0
$0
$104,024
STEPHANIE DUGAN
$0
$0
$0
$89,349
ADAM ENNIS
$0
$0
$0
$87,486
JENNIE VERTREES
$0
$0
$0
$84,444
DANIEL CHOI
$0
$0
$0
$83,166
CHARLEY DEPEW
$0
$0
$0
$65,048
RAQUEL FAVELA
$0
$0
$0
$53,205
PATRICIA THOMSON
$0
$0
$0
$0

Similar Organizations

$3.8M revenue
Similar sector (S)Very similar revenue ($3.8M vs $3.9M)Same state (New York)Similar size (11 vs 11 executives)
Similar sector (S)Very similar revenue ($3.8M vs $3.9M)Same state (New York)Similar size (10 vs 11 executives)
$2M revenue
Same sector (S31)Comparable revenue ($2M vs $3.9M)Same state (New York)
$4M revenue
Similar sector (S)Very similar revenue ($4M vs $3.9M)Same state (New York)
$3.7M revenue
Similar sector (S)Very similar revenue ($3.7M vs $3.9M)Same state (New York)
$5.7M revenue
Same sector (S31)Comparable revenue ($5.7M vs $3.9M)Same state (New York)
$3.7M revenue
Similar sector (S)Very similar revenue ($3.7M vs $3.9M)Same state (New York)
Similar sector (S)Very similar revenue ($4.2M vs $3.9M)Same state (New York)
$3.6M revenue
Similar sector (S)Very similar revenue ($3.6M vs $3.9M)Same state (New York)
$4M revenue
Similar sector (S)Very similar revenue ($4M vs $3.9M)Same state (New York)
Data from IRS Form 990 filings (2023).