2025-04-23T14:06:31-04:00 2024-12-31 411354880 SALITERMAN LTD 3059 JOPPA AVE SAINT LOUIS PARK MN 55416 990 2024-01-01 850492116 IN NEED OF CAPITAL INNE 9529208555 3059 JOPPA AVE ST LOUIS PARK MN 55416 MARK SALITERMAN CHAIRPERSON/SECRETAR 9529208555 2025-04-23 false MARK SALITERMAN P00068708 9529208555 2025-04-23 2024 2025-03-06 01:10:19Z MARK SALITERMAN 3059 JOPPA AVE ST LOUIS PARK MN 55416 28912 false X WWW.INNEEDOFCAPITAL.COM X 2020 MN THIS CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTIONS 170(C) (2) AND 501 (C)(3) OF THE INTERNAL REVENUE CODE OF 1986. WITHIN THE FRAMEWORK AND LIMITATIONS OF THE FOREGOING, THE SPECIFIC PRIMARY PURPOSE OF THIS CORPORATION SHALL BE TO PROVIDE FINANCIAL AND EDUCATIONAL SUPPORT TO INDIVIDUALS WITH ENTREPRENEURIAL VENTURES. AN EXAMPLE IS PROVIDING STARTUP FUNDS IN THE FORM OF A LOAN TO SMALL BUSINESS. THESE FUNDS ARE LENT WITH OUT ANY PERSONAL RECOURSE TO THE OWNERS OF THE BUSINESS. AS THE BUSINESS SUCCEEDS IT WILL USE ITS PROFITS TO PAY BACK THE LOAN AND ONCE THE LOAN IS PAID IN FULL IT WILL CONTINUE TO PROVIDE PROFITS BACK TO THE NONPROFIT TO HELP SUPPORT OTHER STARTUPS. 3 0 0 0 181155 0 0 21059 28912 0 202214 28912 10000 0 0 0 0 533 317 533 10317 201681 18595 527376 545971 0 527376 545971 X THIS CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTIONS 170(C) (2) AND 501 (C)(3) OF THE INTERNAL REVENUE CODE OF 1986. WITHIN THE FRAMEWORK AND LIMITATIONS OF THE FOREGOING, THE SPECIFIC PRIMARY PURPOSE OF THIS CORPORATION SHALL BE TO PROVIDE FINANCIAL AND EDUCATIONAL SUPPORT TO INDIVIDUALS WITH ENTREPRENEURIAL VENTURES. AN EXAMPLE IS PROVIDING STARTUP FUNDS IN THE FORM OF A LOAN TO SMALL BUSINESS. THESE FUNDS ARE LENT WITH OUT ANY PERSONAL RECOURSE TO THE OWNERS OF THE BUSINESS. AS THE BUSINESS SUCCEEDS IT WILL USE ITS PROFITS TO PAY BACK THE LOAN AND ONCE THE LOAN IS PAID IN FULL IT WILL CONTINUE TO PROVIDE PROFITS BACK TO THE NONPROFIT TO HELP SUPPORT OTHER STARTUPS. false false OUR FIRST SMALL BUSINESS LOAN WAS FOR A DOG GROOMING BUSINESS, ADORE DOG SALON, LLC. THEY OPENED THEIR DOORS IN 2022 AND ARE EXPANDING THE BUSINESS IN 2023. OUR SECOND SMALL BUSINESS LOAN WAS GIVEN TO IFRI, LLC. THEY HAVE CREATED A LINE OF BEVERAGES USING RAW MATERIALS FROM AFRICA. OUR THIRD SMALL BUSINESS LOAN WAS GIVEN TO PROTECHT LIGHTING, INC. THEY DISTRIBUTE AND SELL A LIGHTING PRODUCT THAT PURIFIES AIR AND KILLS VIRUSES. 10317 10000 OFFICE EXPENSE 10317 10000 10317 true false false false false false false false false false false true true false false false false false false false false false false false false false false true false false false false false false false true false false false false false false false false false false false false 0 0 0 false false false false false false false false X 3 0 true false false false false false false true true false false true true false true false false false false false SALITERMAN LTD 9529208555 3059 JOPPA AVE ST LOUIS PARK MN 55416 X MARK SALITERMAN CHAIRPERSON/ 1.00 X 0 0 0 DAVID KAPLAN VICE PRESIDE 1.00 X 0 0 0 MICHAEL STRUB MEMBER X 0 0 0 false false false 28912 28912 28912 28912 10000 10000 317 317 10317 10317 0 0 24876 43633 62500 60338 440000 442000 527376 545971 0 0 X 527376 545971 527376 545971 527376 545971 18595 X false false false X 236500 91181 180800 508481 8783 21059 28912 58754 236500 99964 201859 28912 567235 567235 236500 99964 201859 28912 567235 X TC REPETIX 60338 60338 SMALL BUSINESS LOAN - ADORE DOG 265000 C SMALL BUSINESS LOAN - PROTECHT LIGHT 95000 C SMALL BUSINESS LOAN - IFRI 82000 C 442000 false ROCKFORD FIRE RELIEF ASSOCIATION 6700 MAIN ST ROCKFORD MN 55373 416033032 10000 MARK SALITERMANINCAPITAL LLC DIRECTOR LOAN: ADORE DOG LLC false SCHEDULE L, PART V IN NEED OF CAPITAL GAVE A SMALL BUSINESS LOAN TO ADORE DOG SALON LLC WHICH IS OWNED 50% BY INCAPITAL LLC/MARK SALITERMAN. IN PERPETUITY ALL CASH DISTRIBUTED BY ADORE DOG SALON LLC TO INCAPITAL LLC/MARK SALITERMAN IS PLEDGED 100% TO IN NEED OF CAPITAL. FORM 990 - ORGANIZATION'S MISSION THIS CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTIONS 170(C) (2) AND 501 (C)(3) OF THE INTERNAL REVENUE CODE OF 1986. WITHIN THE FRAMEWORK AND LIMITATIONS OF THE FOREGOING, THE SPECIFIC PRIMARY PURPOSE OF THIS CORPORATION SHALL BE TO PROVIDE FINANCIAL AND EDUCATIONAL SUPPORT TO INDIVIDUALS WITH ENTREPRENEURIAL VENTURES. AN EXAMPLE IS PROVIDING STARTUP FUNDS IN THE FORM OF A LOAN TO SMALL BUSINESS. THESE FUNDS ARE LENT WITH OUT ANY PERSONAL RECOURSE TO THE OWNERS OF THE BUSINESS. AS THE BUSINESS SUCCEEDS IT WILL USE ITS PROFITS TO PAY BACK THE LOAN AND ONCE THE LOAN IS PAID IN FULL IT WILL CONTINUE TO PROVIDE PROFITS BACK TO THE NONPROFIT TO HELP SUPPORT OTHER STARTUPS. FORM 990, PAGE 2, PART III, LINE 4D OFFICE EXPENSE FORM 990, PAGE 6, PART VI, LINE 2 MICHAEL STRUB MARK SALITERMAN PRESIDENT CHAIRMAN WORK - VISIONBANK DAVID KAPLAN MARK SALITERMAN SON-IN-LAW & WORK TOGETHER FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 12C THE DIRECTOR-OFFICERS ARE REGULARLY AND CONSTANTLY MONITORED, BEFORE ANY NEW RECIPIENT IS SELECTED, THERE IS A CHECK TO MAKE SURE THAT THE RECIPIENT AND FUNDS RECEIVED DO NOT HAVE ANY FINANCIAL GAIN TO THE DIRECTOR OR OFFICER. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC