Totals
- Total revenue
- $788,908
- Total expenses
- $2,815,683
- Contributions and grants received
- $0
- Grants paid
- $2,335,000
- Program service revenue
- $761,882
- Investment income
- $27,026
- Other revenue
- $0
- Total assets, end of year
- $594,331
- Total liabilities, end of year
- $9,442,955
- Net assets or fund balances, end of year
- -$8,848,624
- Program services expenses (Part IX)
- $2,770,112
- Management and general expenses
- $23,984
- Fundraising expenses
- $21,587
- Program service expenses (Part III)
- $2,770,112
Program services were 98.4% 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 SERVICING FEES
total $761,882 · related or exempt $761,882
-
3 · Investment income
total $27,026 · excluded $27,026
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,335,000 · program services $2,335,000
-
11g · Fees: other
total $239,850 · program services $194,279 · management and general $23,984 · fundraising $21,587
-
13 · Office expenses
total $116 · program services $116
-
20 · Interest
total $240,717 · program services $240,717
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $180,869 · end of year $252,576
-
2 · Savings and temporary cash investments
beginning of year $1,764,729 · end of year $341,755
-
17 · Accounts payable and accrued expenses
beginning of year $319,716 · end of year $254,224
-
22 · Loans and payables to officers and key people
beginning of year $79,000 · end of year $79,000
-
24 · Unsecured notes and loans payable
beginning of year $8,368,731 · end of year $9,109,731
-
27 · Net assets without donor restrictions
beginning of year -$6,821,849 · end of year -$8,848,624
Mission and programs · 2024
Mission
TO SUPPORT THE ACTIVITIES 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 $2,770,112 · Grants $2,335,000 · Revenue $761,882
As filed on the 2024 return.
Listed in Part VII
-
Andrew PosnerANDREW POSNER
CHAIRMAN
- Total calculated
- $156,000
- From this org
- $0
- From related orgs
- $150,000
- Other
- $6,000
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $150,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $6,000 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $156,000 related
-
Arthur S GabinetARTHUR S GABINET
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Betsy HarrisBETSY HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Libby KimzeyLIBBY KIMZEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Aisha BusseyAISHA BUSSEY
CHIEF BUSINESS OFFICER
- Total calculated
- $151,906
- From this org
- $0
- From related orgs
- $146,063
- Other
- $5,843
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $146,063 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $5,843 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $151,906 related
-
James MazjanisJAMES MAZJANIS
CHIEF FINANCIAL OFFICER
- Total calculated
- $156,722
- From this org
- $0
- From related orgs
- $144,828
- Other
- $11,894
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $144,828 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $5,793 related
- Nontaxable benefits
- $0 + $6,101 related
- Filer's total
- $0 + $156,722 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. 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
None.
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
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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
-
$2,335,000
GENERAL SUPPORT
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.
-
501(C)(3) · CDFI THAT PROVIDES MICRO-LOANS AND FINANCIAL COACHING TO INDIVIDUALS · RI
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543179349302634
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