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Nonprofiteer
← SOCIAL CAPITAL FUND

Form 990 for tax year 2022

Filed by SOCIAL CAPITAL FUND.

Totals

Total revenue
$577,819
Total expenses
$2,981,641
Contributions and grants received
$0
Grants paid
$2,300,000
Program service revenue
$560,200
Investment income
$17,619
Other revenue
$0
Total assets, end of year
$2,824,110
Total liabilities, end of year
$8,680,141
Net assets or fund balances, end of year
-$5,856,031
Program services expenses (Part IX)
$2,930,645
Management and general expenses
$26,840
Fundraising expenses
$24,156
Program service expenses (Part III)
$2,930,645

Program services were 98.3% 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: FEES FOR SERVICE

    total $560,200 · related or exempt $560,200

  • 3 · Investment income

    total $17,619 · excluded $17,619

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,300,000 · program services $2,300,000

  • 11g · Fees: other

    total $268,400 · program services $217,404 · management and general $26,840 · fundraising $24,156

  • 13 · Office expenses

    total $457 · program services $457

  • 20 · Interest

    total $412,784 · program services $412,784

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,158,038 · end of year $273,416

  • 2 · Savings and temporary cash investments

    end of year $2,550,694

  • 4 · Accounts receivable

    beginning of year $10,284

  • 17 · Accounts payable and accrued expenses

    beginning of year $241,800 · end of year $264,410

  • 22 · Loans and payables to officers and key people

    beginning of year $80,500 · end of year $79,000

  • 24 · Unsecured notes and loans payable

    beginning of year $7,298,231 · end of year $8,336,731

  • 27 · Net assets without donor restrictions

    beginning of year -$3,452,209 · end of year -$5,856,031

Mission and programs · 2022

Mission

TO SUPPORT THE ACTIVITES OF ITS PARENT ORGANIZATION, THE CAPITAL GOOD FUND.

  • SERVICED THE CAPITAL GOOD FUND'S GROWING SMALL-DOLLAR PERSONAL LOAN PORTFOLIO, ENSURING EFFICIENCY AND CONVENIENCE FOR THE CUSTOMER AND STRONG PREPAYMENT RATES FOR THE ORGANIZATION.

    Expenses $2,930,645 · Grants $2,300,000 · Revenue $560,200

As filed on the 2022 return.

Listed in Part VII

  • Betsy Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Libby Kimzey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Aaron Jay Fossett

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Arthur S Gabinet

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andrew Posner

    FOUNDER & CEO

    Total calculated
    $97,850
    From this org
    $0
    From related orgs
    $95,000
    Other
    $2,850
    Hours/week
    1 + 40 related

  • Aisha Bussey

    CHIEF BUSINESS OFFICER

    Total calculated
    $135,000
    From this org
    $0
    From related orgs
    $128,125
    Other
    $6,875
    Hours/week
    1 + 40 related

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.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
4 June 2023
IRS schema version
2022v5.0
Source object
202301579349300605

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