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CAPITALPLUS EXCHANGE CORPORATION

EIN 30-0199985 SKOKIE, IL

Revenue 2024
$1,915,652
Expenses 2024
$2,404,138

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S31
Classification
1000
Street
8001 LINCOLN AVE STE 201

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

CAPITALPLUS EXCHANGE CORPORATION ("CAPPLUS OR "THE ORGANIZATION") IS REGISTERED AS A NONPROFIT CORPORATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE OF 1986, AS AMENDED. THE ORGANIZATION OPERATES EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, TO MAKE CAPACITY-BUILDING SERVICES AVAILABLE AT SUBSTANTIALLY BELOW COST TO FINANCIAL INSTITUTIONS IN DEVELOPING AND TRANSITIONAL MARKETS THAT SERVE SMALL BUSINESSES, MICRO-ENTERPRISES, AND UNDERSERVED COMMUNITIES, TO PROMOTE ECONOMIC DEVELOPMENT, POVERTY REDUCTION AND OTHERWISE BENEFIT LOW-INCOME PERSONS.

  • CAPACITY BUILDING: THIS PROGRAM BUILDS FINANCIAL INSTITUTIONS' INTERNAL CAPABILITY TO EXPAND SERVICES TO UNDERSERVED POPULATIONS. CAPPLUS USES A TRANSPARENT AND CLIENT-DRIVEN PROCESS, ENSURING THAT CLIENTS' CAPACITY BUILDING NEEDS ARE MET AND THE NEW PRACTICES, POLICIES, AND PRODUCTS ARE EMBEDDED WITHIN THE ORGANIZATION. TYPICAL AREAS OF CAPACITY BUILDING INCLUDE: LENDING PRODUCT AND METHODOLOGY MANAGEMENT, RISK MANAGEMENT, HUMAN RESOURCE MANAGEMENT, NEW PRODUCT DEVELOPMENT AND INNOVATION, PIONEERING NEW PARTNERSHIPS FOR SERVICES' DELIVERY, AND IMPROVED OPERATIONS AND ENHANCED EFFICIENCIES, AS WELL AS STRENGTHENING THE FINANCIAL CAPABILITIES OF THEIR CLIENTS. SOME CLIENT FINANCIAL INSTITUTIONS ARE REQUIRED TO PAY FOR A SMALL PORTION OF THE COST. AT THIS TIME, CAPACITY BUILDING SERVICES ARE FOCUSED ON HELPING FINANCIAL INSTITUTIONS ADJUST TO ALL THE CHANGES IN THEIR BUSINESSES AS A RESULT OF COVID 19, IN ADDITION TO OUR ONGOING EFFORTS TO EXPAND SMALL BUSINESSES' ACCESS TO CREDIT. DURING 2024, CAPPLUS PROVIDED ONE-TO-ONE CAPACITY BUILDING TO APPROXIMATELY 15 MICROFINANCE AND SMALL BUSINESS BANKS AND GROUP-BASED CAPACITY BUILDING TO 120 ADDITIONAL FINANCIAL INSTITUTIONS, PRIMARILY IN GHANA.

    Expenses $1,528,072 · Revenue $1,827,794

  • PARTNERSHIPS: CAPPLUS WORKS CLOSELY WITH ORGANIZATIONS THAT SHARE ITS MISSION TO SERVE SMALL BUSINESSES, MICRO-ENTERPRISES, UNDERSERVED COMMUNITIES AND BUSINESSES THAT PROVIDE A SOCIAL GOOD IN DEVELOPING AND TRANSITIONAL MARKETS. CAPPLUS' PARTNERS INCLUDE FOUNDATIONS, RESEARCH INSTITUTIONS, EDUCATION INITIATIVES, NGOS, AND INVESTMENT FUNDS AMONG OTHERS. THESE PARTNERSHIPS ALLOW CAPPLUS TO EXPLORE NEW FRONTIERS IN SME, SOCIAL FINANCE AND LEVERAGE JOINED CAPABILITIES TO ACHIEVE MORE POWERFUL IMPACT WHERE OUR MISSIONS INTERSECT.

    Expenses $382,137

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • KARIM AHAMED

    CHAIRPERSON & DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • ERIC FRIEDENWALD-FISHMAN

    CHAIRPERSON & DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • CYRILLE ARNOULD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICHOLAS BURNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER HOFFMANN

    DIRECTOR (THRU 12/24)

    Total calculated
    $0
    Hours/week
    1

  • ISHMAEL MKHABELA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NTHENYA MULE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VIMBAI TSOPOTSA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LYNN PIKHOLZ

    PRESIDENT & CEO

    Total calculated
    $243,407
    From this org
    $222,949
    From related orgs
    $0
    Other
    $20,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,449
    Bonus
    $0
    Other
    $30,500
    Deferred
    $13,059
    Nontaxable benefits
    $7,399
    Filer's total
    $243,407

  • RULA DABABNEH

    TREASURER & COO

    Total calculated
    $243,833
    From this org
    $176,705
    From related orgs
    $0
    Other
    $67,128
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,205
    Bonus
    $0
    Other
    $30,500
    Deferred
    $10,827
    Nontaxable benefits
    $56,301
    Filer's total
    $243,833

  • LYNN RAILSBACK

    SECRETARY & VICE PRESIDENT

    Total calculated
    $133,322
    From this org
    $133,322
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • RICHARD OBUOBI

    PROGRAM DIRECTOR

    Total calculated
    $64,275
    From this org
    $64,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $1,915,652
    Expenses
    $2,404,138
    Contributions
    $78,963
    Grants paid
    $0
  • 2023
    Revenue
    $3,830,948
    Expenses
    $3,726,916
    Contributions
    $3,799,514
    Grants paid
    $0
  • 2022
    Revenue
    $2,822,022
    Expenses
    $2,936,180
    Contributions
    $2,778,449
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $1,079,242
    Expenses
    $1,688,808
    Assets (EOY)
    $2,405,541

  • 2020 · 990

    Revenue
    $459,087
    Expenses
    $1,418,479
    Assets (EOY)
    $2,115,735

  • 2019 · 990

    Revenue
    $499,399
    Expenses
    $2,191,648
    Assets (EOY)
    $3,101,428

  • 2018 · 990

    Revenue
    $3,290,311
    Expenses
    $2,786,287
    Assets (EOY)
    $5,335,578

  • 2017 · 990

    Revenue
    $949,767
    Expenses
    $3,182,071
    Assets (EOY)
    $4,679,566

  • 2016 · 990

    Revenue
    $2,048,837
    Expenses
    $3,023,775
    Assets (EOY)
    $6,950,940

  • 2015 · 990

    Revenue
    $1,512,361
    Expenses
    $3,138,137
    Assets (EOY)
    $8,109,315

  • 2014 · 990

    Revenue
    $1,128,227
    Expenses
    $2,962,375
    Assets (EOY)
    $10,092,665

  • 2013 · 990

    Revenue
    $7,860,918
    Expenses
    $2,115,949
    Assets (EOY)
    $12,954,071

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $2,272,759
    Assets (EOY)
    $6,956,977

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2024 return

  • CAPPLUS IMPACT LLC

    C · FINANCE, RECEIVE AND DEPLOY DEBT FINANCING · DE · 100% owned · controlled entity

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.