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Nonprofiteer
← CAPITAL MATRIX INC

Form 990 for tax year 2023

Filed by CAPITAL MATRIX INC.

Totals

Total revenue
$2,029,577
Total expenses
$1,833,048
Contributions and grants received
$0
Grants paid
$150,000
Program service revenue
$1,923,270
Investment income
$104,707
Other revenue
$1,600
Total assets, end of year
$3,875,440
Total liabilities, end of year
$1,460,904
Net assets or fund balances, end of year
$2,414,536
Program services expenses (Part IX)
$1,702,738
Management and general expenses
$130,310
Fundraising expenses
$0
Program service expenses (Part III)
$1,702,738

Program services were 92.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LOAN SERVICE INCOME

    total $1,676,639 · related or exempt $1,676,639

  • 2b · Program service revenue: LOAN SERVICE INTEREST

    total $246,631 · related or exempt $246,631

  • 3 · Investment income

    total $104,707 · excluded $104,707

  • 11a · Other revenue: OTHER REVENUE

    total $1,600 · related or exempt $1,600

  • 11e · Other revenue, total

    $1,600

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,000 · program services $150,000

  • 5 · Compensation of officers, directors and key employees

    total $479,013 · program services $346,999 · management and general $132,014

  • 7 · Other salaries and wages

    total $562,381 · program services $609,685 · management and general -$47,304

  • 8 · Pension plan contributions

    total $2,991 · program services $2,692 · management and general $299

  • 9 · Other employee benefits

    total $219,388 · program services $210,572 · management and general $8,816

  • 10 · Payroll taxes

    total $65,111 · program services $58,600 · management and general $6,511

  • 11b · Fees: legal

    total $3,084 · program services $2,776 · management and general $308

  • 11c · Fees: accounting

    total $24,183 · program services $21,764 · management and general $2,419

  • 12 · Advertising and promotion

    total $46,557 · program services $46,557

  • 13 · Office expenses

    total $39,392 · program services $31,399 · management and general $7,993

  • 14 · Information technology

    total $53,273 · program services $47,946 · management and general $5,327

  • 16 · Occupancy

    total $22,274 · program services $20,047 · management and general $2,227

  • 17 · Travel

    total $12,361 · program services $11,920 · management and general $441

  • 19 · Conferences, conventions and meetings

    total $17,071 · program services $17,071

  • 20 · Interest

    total $16,568 · program services $14,911 · management and general $1,657

  • 22 · Depreciation, depletion and amortization

    total $47,151 · program services $42,436 · management and general $4,715

  • 23 · Insurance

    total $13,039 · program services $11,735 · management and general $1,304

  • 24a · Other expenses: LOAN EXPENSES

    total $18,433 · program services $18,433

  • 24b · Other expenses: TRAINING AND EDUCATION

    total $17,850 · program services $16,065 · management and general $1,785

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $16,978 · program services $15,280 · management and general $1,698

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,950 · program services $5,850 · management and general $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $473,614 · end of year $446,724

  • 2 · Savings and temporary cash investments

    beginning of year $1,994,659 · end of year $2,294,607

  • 4 · Accounts receivable

    end of year $10,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,571 · end of year $12,908

  • 10a · Land, buildings and equipment: cost or other basis

    $1,138,395

  • 10b · Land, buildings and equipment: accumulated depreciation

    $154,269

  • 10c · Land, buildings and equipment, net

    beginning of year $1,005,914 · end of year $984,126

  • 15 · Other assets

    beginning of year $111,411 · end of year $127,075

  • 17 · Accounts payable and accrued expenses

    beginning of year $198,728 · end of year $378,101

  • 19 · Deferred revenue

    beginning of year $467,440 · end of year $453,233

  • 23 · Secured mortgages and notes payable

    beginning of year $509,141 · end of year $492,347

  • 25 · Other liabilities

    beginning of year $207,853 · end of year $137,223

  • 27 · Net assets without donor restrictions

    beginning of year $2,218,007 · end of year $2,414,536

Mission and programs · 2023

Mission

TO FURTHER ECONOMIC DEVELOPMENT BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS IN IDAHO, MONTANA, WASHINGTON, UTAH, AND THE EASTERN COUNTIES OF OREGON.

  • FURTHERED ECONOMIC DEVELOPMENT IN IDAHO, EASTERN COUNTIES OF OREGON, MONTANA, WASHINGTON AND UTAH BY ADVOCATING FOR BUSINESSES AND PARTNERING WITH PRIVATE SECTOR LENDERS TO PROVIDE BUSINESSES WITH ACCESS TO LONG-TERM CAPITAL FOR REAL ESTATE AND EQUIPMENT TO EXPAND THEIR BUSINESSES, PRINCIPALLY SMALL BUSINESS, UNDER PROVISIONS OF SECTION 504 OF THE SMALL BUSINESS INVESTMENT ACT.

    Expenses $1,702,738 · Grants $150,000 · Revenue $1,923,270

As filed on the 2023 return.

Listed in Part VII

  • Ann Munroe

    PRESIDENT

    Total calculated
    $280,378
    From this org
    $231,900
    From related orgs
    $0
    Other
    $48,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,900
    Bonus
    $54,000
    Other
    not reported
    Deferred
    $36,034
    Nontaxable benefits
    $12,444
    Filer's total
    $280,378
  • Paulette Hudson

    VICE PRESIDE

    Total calculated
    $198,635
    From this org
    $169,000
    From related orgs
    $0
    Other
    $29,635
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,000
    Bonus
    $39,000
    Other
    not reported
    Deferred
    $28,064
    Nontaxable benefits
    $1,571
    Filer's total
    $198,635
  • Justin Archuleta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Greg Chavez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Cotner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paris Dickerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristin Bjorkman Dunn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cassie Fontaine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bryan Furlong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cheryl Guiddy

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Dean Hahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Beth Ineck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Steven Jenkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ryan Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Deneen May

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Munroe

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Laurie Reynoldson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Clint Shiflet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kevin Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 6a · Pay contingent on this organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 6A
EMPLOYEES ARE ENTITLED TO BONUSES OF UP TO 25% OF THE ORGANIZATION'S NET EARNINGS BASED ON THE EMPLOYEE'S PERFORMANCE AND NOT BE ON PROBATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • MONTANA COMMUNITY DEVELOPMENT CORP

    $40,000

    SMALL BUSINESS LOAN

  • MERIDIAN CHAMBER OF COMMERCE

    $25,000

    AUDITORIUM DISTRICT

  • SWEET ZOLA'S CANDY SHOP

    $20,000

    EMPLOYEE TRAINING

  • LEARNING LAB

    $15,000

    OPERATING EXPENSES

  • JANNUS INC

    $13,000

    GENERAL OPERATIONS

  • PROSPERA BUSINESS NETWORK

    $10,000

    MENTORING PROGRAM

  • JESSE TREE

    $10,000

    RENT PROGRAM

  • SCORE

    $10,000

    WORKSHOPS

  • IDAHO ECONOMIC DEVELOPMENT ASSOC

    $7,000

    WORKSHOPS

Provenance

Return type
form_990
Tax year
2023
Filed
31 January 2025
IRS schema version
2023v6.0
Source object
202540299349301324

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