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Nonprofiteer
← CAPITAL FOR GOOD USA

Form 990 for tax year 2022

Filed by CAPITAL FOR GOOD USA.

Totals

Total revenue
$12,047,306
Total expenses
$6,189,023
Contributions and grants received
$10,988,388
Grants paid
$2,887,938
Program service revenue
$0
Investment income
$1,058,918
Other revenue
$0
Total assets, end of year
$41,989,798
Total liabilities, end of year
$470,887
Net assets or fund balances, end of year
$41,518,911
Program services expenses (Part IX)
$5,288,046
Management and general expenses
$900,977
Fundraising expenses
$0
Program service expenses (Part III)
$5,288,046

Program services were 85.4% 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.

  • 1d · Related organizations

    $9,663

  • 1f · All other contributions, gifts and grants

    $10,978,725

  • 2a · Program service revenue: MISCELLANEOUS

    total $0 · related or exempt $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0

  • 3 · Investment income

    total $1,058,918 · excluded $1,058,918

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $52,000 · program services $52,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $2,835,938 · program services $2,835,938

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $227,831 · program services $227,831

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $451,620 · program services $451,620

  • 8 · Pension plan contributions

    total $13,581 · program services $13,581

  • 9 · Other employee benefits

    total $65,838 · program services $65,838

  • 10 · Payroll taxes

    total $45,771 · program services $45,771

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $11,553 · program services $6,281 · management and general $5,272

  • 11c · Fees: accounting

    total $18,859 · management and general $18,859

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $20,944 · management and general $20,944

  • 11g · Fees: other

    total $1,961,321 · program services $1,121,008 · management and general $840,313

  • 12 · Advertising and promotion

    total $47,867 · program services $47,867

  • 13 · Office expenses

    total $85,473 · program services $76,151 · management and general $9,322

  • 14 · Information technology

    total $18,401 · program services $18,401

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $213,813 · program services $213,813

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $111,946 · program services $111,946

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $6,267 · management and general $6,267

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,905,558 · end of year $5,813,676

  • 2 · Savings and temporary cash investments

    beginning of year $15,294,324 · end of year $15,855,194

  • 3 · Pledges and grants receivable

    beginning of year $2,376,101 · end of year $5,841,891

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,689 · end of year $93,690

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $14,221,198 · end of year $14,385,347

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $422,302 · end of year $355,433

  • 18 · Grants payable

    beginning of year $356,670 · end of year $115,454

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $947,549 · end of year $912,543

  • 28 · Net assets with donor restrictions

    beginning of year $35,100,349 · end of year $40,606,368

Mission and programs · 2022

Mission

CAPITAL FOR GOOD'S MISSION SERVES TO ALLEVIATE POVERTY AND SUFFERING AND ADVANCE HEALTH, EDUCATION, PROSPERITY AND THE WELL-BEING OF THE POOR, VULNERABLE AND MARGINALIZED PEOPLE IN THE UNITED STATES AND AROUND THE WORLD. CAPITAL FOR GOOD USA AND CFG IMPACT OFFERS DONORS INNOVATIVE, FLEXIBLE AND EFFICIENT WAYS TO CONTRIBUTE TO LIFE CHANGING PROJECTS. THIS METHODOLOGY ENABLES DONORS THE OPTION TO FUND INDIVIDUALLY OR COLLABORATIVELY TO LEVERAGE FUNDS AND IMPACT. WE ACHIEVE THIS MISSION BY PARTNERING WITH THE MOST CAPABLE ORGANIZATIONS, ESPECIALLY COMMUNITY BASED ONES WHO ARE LOCATED OUTSIDE OF THE US, IN ORDER TO ACHIEVE THE BEST RESULTS FOR ALL STAKEHOLDERS.

Activities or mission (Part I)

TO ALLEVIATE POVERTY AND SUFFERING AND ADVANCE HEALTH, EDUCATION, PROSPERITY AND WELL BEING OF THE POOR, VULNERABLE AND MARGINALIZED PEOPLE IN THE U.S. AND AROUND THE WORLD.

  • Capital for Good USA offers donors innovative, flexible and efficient ways to contribute to life changing projects. This methodology enables donors the option to fund individually or collaboratively to leverage funds and impact. We achieve this mission by partnering with the most capable organizations, especially community based ones who are located outside of the U.S., in order to achieve the best results for all stakeholders.

    Expenses $5,288,046 · Grants $2,887,938

As filed on the 2022 return.

Listed in Part VII

  • Nathaniel Heller

    PRESIDENT

    Total calculated
    $336,872
    From this org
    $0
    From related orgs
    $309,815
    Other
    $27,057
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $274,815 related
    Bonus
    not reported + $35,000 related
    Other
    not reported
    Deferred
    not reported + $8,250 related
    Nontaxable benefits
    not reported + $18,807 related
    Filer's total
    not reported + $336,872 related

  • Fanta Toure-Puri

    Program Director, GFF

    Total calculated
    $227,831
    From this org
    $203,235
    From related orgs
    $0
    Other
    $24,596
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,485
    Bonus
    $3,750
    Other
    not reported
    Deferred
    $6,181
    Nontaxable benefits
    $18,415
    Filer's total
    $227,831

  • Arohi Varma

    Director of M&E GFF

    Total calculated
    $110,844
    From this org
    $101,471
    From related orgs
    $0
    Other
    $9,373
    Hours/week
    40

  • Erin Kenny

    DIRECTOR, VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Huff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ravi Bala

    DIRECTOR, Chair thru Dec 2022

    Total calculated
    $0
    Hours/week
    1

  • Sarah Kambou

    DIRECTOR, CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christin McClave

    Director, TREASURER

    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

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GENEVA GLOBAL

    S CORP · Prof. Service · PA · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by GLOBAL IMPACT

Provenance

Return type
form_990
Tax year
2022
Filed
15 December 2023
IRS schema version
2022v5.0
Source object
202420189349300337

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