Peoplefund
Peoplefund creates economic opportunity and financial stability for underserved people and communities by providing access to capital, education, and resources to build healthy small businesses.
Peoplefund at a glance
- Total assets
- $108,317,377
- +10.9% vs 2024
- Revenue (2025)
- $12,869,917
- -45.7% vs 2024
- Net investment income (2025)
- $654,613
- +4.2% vs 2024
- Expenses (2025)
- $12,142,180
- -12.5% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Peoplefund funds
How this funder distributes its grants
Grant Size Distribution
11 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 11 (45%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2022, annual grant giving ranged from $279K (2021) to $969K (2022). In 2022 it made 7 grants totaling $969K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Access to Capital for Entrepreneurs Inc Cleveland, GA | Support lending and education services to underserved small businesses | $300,000 |
| Economic and Community Development Institute Inc Columbus, OH | Support lending and education services to underserved small businesses | $215,175 |
| Black Business Investments Fund Inc Orlando, FL | Support lending and education services to underserved small businesses | $140,000 |
| Seattle Economic Development Fund DBA Business Impact NW Seattle, WA | Support lending and education services to underserved small businesses | $130,000 |
| Wisconsin Womens Business Initiative Milwaukee, WI | Support lending and education services to underserved small businesses | $100,000 |
| Pursuit (Nybdc) Albany, NY | Support lending and education services to underserved small businesses | $50,000 |
| Colorado Enterprise Fund Inc Denver, CO | Support lending and education services to underserved small businesses | $33,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $108,317,377 | $12,869,917 | $12,142,180 | — | — | $654,613 |
| 2024 | $97,649,169 | $23,699,129 | $13,869,670 | — | — | $628,013 |
| 2023 | $75,269,243 | $11,176,295 | $11,205,653 | — | — | $377,386 |
| 2022 | $70,013,078 | $11,186,466 | $10,360,911 | $968,675 | 7 | $325,424 |
| 2021 | $66,108,373 | $14,535,836 | $7,530,752 | $278,825 | 4 | $309,978 |
| 2020 | $52,643,100 | $15,691,172 | $13,204,465 | — | — | $681,957 |
About Peoplefund
Based on IRS filings
Peoplefund is a public charity focused on Community Improvement & Capacity Building, based in Austin, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $108.3M in total assets. Net investment income was $655K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Peoplefund is led by Gustavo Lasala, President & CEO on every filing since 2020; 7 of 21 officers listed in 2025 are compensated.
Officers on the 2025 filing
Gustavo Lasala
President & CEO
On filings since 2020
40 hrs/week
$211K (2020) → $297K (2025)
Luther Branham
Chair
Board Member → Director, 2022
Director → Chair, 2023
On filings since 2020
1 hr/week
No compensation reported
Stone Carroll
Director of Underwriting
On filings since 2024
40 hrs/week
$109K (2024) → $110K (2025)
Cecilia Castelo
Director
Director → Board Member, 2021
Board Member → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Jack Nelson
Director
Director → Board Member, 2021
Board Member → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
John Burer
Director -
Board Member → Director, 2022
Director → Director -, 2025
On filings since 2021
1 hr/week
No compensation reported
Dorothy Cleaves
Director
On filings since 2022
1 hr/week
No compensation reported
Nena Shah
Director
On filings since 2022
1 hr/week
No compensation reported
Bryan Rubio
Director
On filings since 2023
1 hr/week
No compensation reported
Mike Moskovitz
Director
On filings since 2023
1 hr/week
No compensation reported
Melinda Costa
Director
On filings since 2024
1 hr/week
No compensation reported
Mike Stitt
Director
On filings since 2024
1 hr/week
No compensation reported
Anthony Hedger
CFO
On filings since 2022
40 hrs/week
$137K (2022) → $235K (2025)
Jennifer Palecek
Senior Vice President of Philanthropic Relations
Senior Vice President of Philanthropic Partnerships → Senior Vice President of Philanthropic Relations, 2025
On filings since 2022
40 hrs/week
$139K (2022) → $185K (2025)
Oscar Fernando Almanza
CIO
On filings since 2024
40 hrs/week
$169K (2024) → $230K (2025)
Janie Hernandez
Senior Vice President Employment Relations
New on the 2025 filing
25 hrs/week
$102K (2025)
Michelle Powell
Financial Controller
New on the 2025 filing
40 hrs/week
$133K (2025)
Anna Sanchez
Secretary
Director → Board Member, 2021
Board Member → Secretary, 2022
On filings since 2020
1 hr/week
No compensation reported
Larry Miller
Vice Chair
Board Member → Director, 2022
Director → Vice Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Nina Nelms
Vice Chair -
Treasurer → Vice Chair, 2023
Vice Chair → Vice Chair -, 2025
On filings since 2020
1 hr/week
No compensation reported
Beth Lipson
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Former officers (14)
- Former: William Anderson (2022–2024) — Director of Lending
- Former: Patricia Colomo Baray (2024) — Director of Asset Protection
- Former: Brian A. Hall (2020–2023) — Vice Chair
- Former: Yolanda Davila (2020–2023) — Chair
- Former: Dawnetta Smith (2023) — Senior Director Education & Training
- Former: Eugene Sepulveda (2023) — Director
- Former: Kristi Espino (2023) — Controller
- Former: Theresa Wilson (2023) — Senior Director Human Resources
- Former: Donna C. Normandin (2020–2022) — Secretary -
- Former: Eric M. Bustos (2020–2022) — Director -
- Former: Jemerell Rogers (2020–2021) — Director of Lending
- Former: Julia Dunn (2020–2021) — CFO
- Former: Larry Conley (2020–2021) — Board Member
- Former: Mike Perrine (2020–2021) — Treasurer
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $297K, to Gustavo Lasala (President and CEO). 7 officers or directors reported compensation on that filing.
Frequently asked questions about Peoplefund
How large is Peoplefund?
Peoplefund reported $108.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $12.9M.
What is Peoplefund?
Peoplefund is a public charity focused on Community Improvement & Capacity Building, based in Austin, TX. It holds $108.3M in total assets as of 2025.
Where does Peoplefund operate?
Peoplefund has awarded grants in Colorado, Florida, Georgia, New York, Ohio, Tennessee, Washington, Wisconsin.
What is Peoplefund's EIN?
Peoplefund's EIN (Employer Identification Number) is 74-2814572. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS July 22, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Added Form 990 for fiscal year 2025 (received by the IRS June 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Peoplefund's focus areas in our free grants database
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