EIN 80-0348382

The Capital Good Fund

IRS 501(c) type
501(c)(3)
Num. employees
56
Year formed
2009
Most recent tax filings
2023-12-01
Description
The Capital Good Fund offers micro-finance and coaching to combat poverty and environmental injustice, achieving record-breaking figures in 2021.
Total revenues
$6,754,848
2023
Total expenses
$6,491,745
2023
Total assets
$23,807,401
2023
Num. employees
56
2023

Program areas at The Capital Good Fund

We are a nonprofit, certified community development financial institution that believes in equitable financing for all. We currently offer financing in rhode island, Florida, Massachusetts, Illinois, Delaware, Texas, Colorado, new jersey, Connecticut, Georgia and Pennsylvania. In 2023, we set records for loan volume, revenue, earned income, total assets, and more. This includes over 2,600 loans for $12.5 million; 91 families receiving financial coaching; total assets of $23 million; over 40% self-sufficiency on a cash flow basis; and revenue of $6.75 million. We leveraged this financial and operational strength to reach over 7,410 individuals and built a base for exponential growth in 2024 and beyond.
In 2023, Capital Good Fund graduated over 91 families from our nationally recognized, one-on-one financial and health coaching program, covering topics like budgeting, banking, savings, debt, and healthy eating on a budget.

Who funds The Capital Good Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Social Capital FundGeneral Support$1,300,000
The Boston Foundation (TBF)Operating Support/annual Fund$1,158,334
The Winston-Salem Foundation1 Grant(s) for Varying Purposes$375,000
...and 17 more grants received

Personnel at The Capital Good Fund

NameTitleCompensation
Andrew PosnerChief Executive Officer$109,807
Aisha BusseyChief Business Officer$128,938
Libby KimzeyVice - Chair$0
Betsy HarrisChair$0
Arthur S GabinetSecretary$0
...and 5 more key personnel

Financials for The Capital Good Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,971,830
Program services$1,783,018
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$6,754,848

Form 990s for The Capital Good Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-27990View PDF
2022-122023-06-06990View PDF
2021-122022-05-11990View PDF
2020-122021-05-21990View PDF
2019-122020-09-25990View PDF
...and 10 more Form 990s

Organizations like The Capital Good Fund

OrganizationLocationRevenue
Cook Inlet Lending CenterAnchorage, AK$2,983,120
Community Housing Capital (CHC)Decatur, GA$19,688,078
Community Development Finance Alliance (CDFA)Salt Lake City, UT$1,880,804
NACDC Financial ServicesBrowning, MT$3,947,819
Institute CapitalDurham, NC$2,867,118
Cooperative Fund of the NortheastWatertown, MA$4,768,332
Baltimore Community LendingBaltimore, MD$4,865,383
Bluehub Loan FundBoston, MA$22,068,331
Seattle Economic Development Fund Business Impact NWTukwila, WA$6,779,426
Nonprofit Finance FundNew York, NY$16,875,768
Data update history
November 1, 2024
Updated personnel
Identified 6 new personnel
October 24, 2024
Received grants
Identified 3 new grant, including a grant for $15,000 from The Blackbaud Giving Fund
August 10, 2024
Received grants
Identified 4 new grant, including a grant for $1,158,334 from The Boston Foundation (TBF)
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $10,000 from The Nordson Corporation Foundation
April 4, 2024
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvement
Characteristics
Tax deductible donationsAccepts online donations
General information
Address
333 Smith St
Providence, RI 02908
Metro area
Providence-Warwick, RI-MA
County
Providence County, RI
Website URL
capitalgoodfund.org/about-us/our-team/ 
Phone
(866) 584-3651
IRS details
EIN
80-0348382
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Not Operate or Solicit for Charitable Purposes
Charity Registration status
Delinquent
FTB status revoked
Not revoked
AG Registration Number
CT0281058
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-12-04
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