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← SOCIAL CAPITAL FUND

Form 990 for tax year 2023

Filed by SOCIAL CAPITAL FUND.

Totals

Total revenue
$984,814
Total expenses
$1,950,632
Contributions and grants received
$140
Grants paid
$1,300,000
Program service revenue
$944,866
Investment income
$39,808
Other revenue
$0
Total assets, end of year
$1,945,598
Total liabilities, end of year
$8,767,447
Net assets or fund balances, end of year
-$6,821,849
Program services expenses (Part IX)
$1,900,595
Management and general expenses
$26,335
Fundraising expenses
$23,702
Program service expenses (Part III)
$1,900,595

Program services were 97.4% 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.

  • 1f · All other contributions, gifts and grants

    $140

  • 2a · Program service revenue: LOAN SERVICING FEES

    total $944,866 · related or exempt $944,866

  • 3 · Investment income

    total $39,808 · excluded $39,808

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,300,000 · program services $1,300,000

  • 11g · Fees: other

    total $263,354 · program services $213,317 · management and general $26,335 · fundraising $23,702

  • 13 · Office expenses

    total $174 · program services $174

  • 20 · Interest

    total $387,104 · program services $387,104

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $273,416 · end of year $180,869

  • 2 · Savings and temporary cash investments

    beginning of year $2,550,694 · end of year $1,764,729

  • 17 · Accounts payable and accrued expenses

    beginning of year $264,410 · end of year $319,716

  • 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 $8,336,731 · end of year $8,368,731

  • 27 · Net assets without donor restrictions

    beginning of year -$5,856,031 · end of year -$6,821,849

Mission and programs · 2023

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 $1,900,595 · Grants $1,300,000 · Revenue $944,866

As filed on the 2023 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

  • Arthur S Gabinet

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andrew Posner

    CHAIRMAN

    Total calculated
    $113,101
    From this org
    $0
    From related orgs
    $109,807
    Other
    $3,294
    Hours/week
    1 + 40 related

  • Aisha Bussey

    CHIEF BUSINESS OFFICER

    Total calculated
    $132,806
    From this org
    $0
    From related orgs
    $128,938
    Other
    $3,868
    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
2023
Filed
24 September 2024
IRS schema version
2023v5.1
Source object
202432719349301408

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