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Nonprofiteer
← CAPITAL MATRIX INC

Form 990 for tax year 2024

Filed by CAPITAL MATRIX INC.

Totals

Total revenue
$2,452,265
Total expenses
$2,149,549
Contributions and grants received
$0
Grants paid
$93,659
Program service revenue
$2,355,848
Investment income
$95,142
Other revenue
$1,275
Total assets, end of year
$4,012,874
Total liabilities, end of year
$1,295,622
Net assets or fund balances, end of year
$2,717,252
Program services expenses (Part IX)
$1,981,339
Management and general expenses
$168,210
Fundraising expenses
$0
Program service expenses (Part III)
$1,981,339

Program services were 92.2% 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 $2,121,994 · related or exempt $2,121,994

  • 2b · Program service revenue: LOAN SERVICE INTEREST

    total $233,854 · related or exempt $233,854

  • 3 · Investment income

    total $95,142 · excluded $95,142

  • 11a · Other revenue: OTHER REVENUE

    total $1,275 · related or exempt $1,275

  • 11e · Other revenue, total

    $1,275

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $93,659 · program services $93,659

  • 5 · Compensation of officers, directors and key employees

    total $518,478 · program services $482,932 · management and general $35,546

  • 7 · Other salaries and wages

    total $749,993 · program services $688,605 · management and general $61,388

  • 8 · Pension plan contributions

    total $38,304 · program services $34,474 · management and general $3,830

  • 9 · Other employee benefits

    total $254,785 · program services $243,984 · management and general $10,801

  • 10 · Payroll taxes

    total $107,997 · program services $97,197 · management and general $10,800

  • 11b · Fees: legal

    total $1,258 · program services $1,132 · management and general $126

  • 11c · Fees: accounting

    total $25,748 · program services $23,173 · management and general $2,575

  • 12 · Advertising and promotion

    total $61,028 · program services $61,028

  • 13 · Office expenses

    total $33,724 · program services $28,578 · management and general $5,146

  • 14 · Information technology

    total $58,339 · program services $52,505 · management and general $5,834

  • 16 · Occupancy

    total $24,344 · program services $21,910 · management and general $2,434

  • 17 · Travel

    total $11,842 · program services $11,462 · management and general $380

  • 19 · Conferences, conventions and meetings

    total $19,200 · management and general $19,200

  • 20 · Interest

    total $16,372 · program services $14,735 · management and general $1,637

  • 22 · Depreciation, depletion and amortization

    total $43,959 · program services $39,563 · management and general $4,396

  • 23 · Insurance

    total $14,286 · program services $12,857 · management and general $1,429

  • 24a · Other expenses: LOAN EXPENSES

    total $43,685 · program services $43,685

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $21,838 · program services $19,654 · management and general $2,184

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $6,770 · program services $6,660 · management and general $110

  • 24d · Other expenses: TRAINING AND EDUCATION

    total $3,940 · program services $3,546 · management and general $394

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $446,724 · end of year $503,647

  • 2 · Savings and temporary cash investments

    beginning of year $2,294,607 · end of year $2,440,275

  • 4 · Accounts receivable

    beginning of year $10,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,908 · end of year $16,290

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

    $1,141,202

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

    $198,228

  • 10c · Land, buildings and equipment, net

    beginning of year $984,126 · end of year $942,974

  • 15 · Other assets

    beginning of year $127,075 · end of year $109,688

  • 17 · Accounts payable and accrued expenses

    beginning of year $378,101 · end of year $531,335

  • 19 · Deferred revenue

    beginning of year $453,233 · end of year $119,882

  • 23 · Secured mortgages and notes payable

    beginning of year $492,347 · end of year $472,462

  • 25 · Other liabilities

    beginning of year $137,223 · end of year $171,943

  • 27 · Net assets without donor restrictions

    beginning of year $2,414,536 · end of year $2,717,252

Mission and programs · 2024

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 $1,981,339 · Grants $93,659 · Revenue $2,355,848

As filed on the 2024 return.

Listed in Part VII

  • Ann Munroe

    PRESIDENT

    Total calculated
    $306,417
    From this org
    $255,150
    From related orgs
    $0
    Other
    $51,267
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,000
    Bonus
    $66,150
    Other
    not reported
    Deferred
    $38,248
    Nontaxable benefits
    $13,019
    Filer's total
    $306,417

  • Paulette Hudson

    VICE PRESIDE

    Total calculated
    $212,061
    From this org
    $182,520
    From related orgs
    $0
    Other
    $29,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,200
    Bonus
    $47,320
    Other
    not reported
    Deferred
    $27,508
    Nontaxable benefits
    $2,033
    Filer's total
    $212,061

  • Greg Chavez

    DIRECTOR

    Total calculated
    $0

  • John Cotner

    DIRECTOR

    Total calculated
    $0

  • Paris Dickerson

    DIRECTOR

    Total calculated
    $0

  • Cassie Fontaine

    CHAIRMAN

    Total calculated
    $0

  • Bryan Furlong

    DIRECTOR

    Total calculated
    $0

  • Cheryl Guiddy

    TREASURER

    Total calculated
    $0

  • Dean Hahn

    DIRECTOR

    Total calculated
    $0

  • Steven Jenkins

    DIRECTOR

    Total calculated
    $0

  • Ryan Jones

    DIRECTOR

    Total calculated
    $0

  • Deneen May

    DIRECTOR

    Total calculated
    $0

  • Mark Munroe

    DIRECTOR

    Total calculated
    $0

  • Cory Phelps

    DIRECTOR

    Total calculated
    $0

  • Clint Shiflet

    DIRECTOR

    Total calculated
    $0

  • Kevin Smith

    DIRECTOR

    Total calculated
    $0

  • John Stevens

    DIRECTOR

    Total calculated
    $0

  • Mike Trueba

    DIRECTOR

    Total calculated
    $0

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
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 5A
THE COMPENSATION COMMITTEE EVALUATES AND APPROVES COMPENSATION BASED ON PROFITABILITY AND REVENUE OF THE ORGANIZATION.

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

Provenance

Return type
form_990
Tax year
2024
Filed
2 February 2026
IRS schema version
2024v5.0
Source object
202640339349301304

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