Nonprofit · EIN 30-0199985
CAPITALPLUS EXCHANGE CORPORATION
Tax-exempt · SKOKIE, IL 60077
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,915,652 | $2,404,138 | -$488,486 | $6,537,507 | $6,248,007 | $289,500 |
| December 31, 2023 | 990 | $3,830,948 | $3,726,916 | $104,032 | $1,297,617 | $517,840 | $779,777 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $78,963
- of which government grants
- $78,963
- Program service revenue
- $1,827,794
- Investment income
- $8,895
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $684,837
- Other salaries and wages
- $260,071
- Salaries, compensation and benefits (total)
- $985,446
- Professional fundraising fees
- $0
- Legal fees
- $17,290
- Accounting fees
- $45,595
- Occupancy
- $86,511
- Travel
- $117,830
- Program services (functional)
- $1,910,209
- Management and general (functional)
- $485,566
- Fundraising (functional)
- $8,363
Balance sheet and other
- Total assets, start of year
- $1,297,617
- Total assets, end of year
- $6,537,507
- Total liabilities, end of year
- $6,248,007
- Net assets, end of year
- $289,500
- Net assets without donor restrictions
- $289,500
- Gross receipts
- $1,915,652
- Employees
- 4
- Volunteers
- 7
- Year formed
- 2003
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RULA DABABNEH | TREASURER & COO Officer | 40 | $176,705 | $67,128 |
| LYNN PIKHOLZ | PRESIDENT & CEO Officer | 40 | $222,949 | $20,458 |
| LYNN RAILSBACK | SECRETARY & VICE PRESIDENT Officer | 40 | $133,322 | $0 |
| RICHARD OBUOBI | PROGRAM DIRECTOR Officer | 40 | $64,275 | $0 |
| KARIM AHAMED | CHAIRPERSON & DIRECTOR Trustee or director, Officer | 2.5 | $0 | $0 |
| ERIC FRIEDENWALD-FISHMAN | CHAIRPERSON & DIRECTOR Trustee or director, Officer | 2.5 | $0 | $0 |
| CYRILLE ARNOULD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICHOLAS BURNETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER HOFFMANN | DIRECTOR (THRU 12/24) Trustee or director | 1 | $0 | $0 |
| ISHMAEL MKHABELA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NTHENYA MULE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VIMBAI TSOPOTSA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYNN PIKHOLZ | CEO AND PRESIDENT Officer | 40 | $243,638 | $18,784 |
| RULA DABABNEH | TREASURER AND COO Officer | 40 | $192,944 | $63,280 |
| LYNN RAILSBACK | SECRETARY AND VICE PRESIDE Officer | 40 | $186,837 | $0 |
| ERIC FRIEDENWALD-FISHMAN | CHAIRPERSON AND DIRECTOR Trustee or director, Officer | 2.5 | $0 | $0 |
| JENNIFER HOFFMANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARIM AHAMED | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYRILLE ARNOULD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICHOLAS BURNETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NTHENYA MULE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ISHMAEL MKHABELA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VIMBAI TSOPOTSA | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8001 LINCOLN AVE STE 201, SKOKIE, IL 60077-3657
- In care of
- % LYNN PIKHOLZ
- Principal officer (990 for 2024)
- LYNN PIKHOLZ, 8001 LINCOLN AVENUE 201, SKOKIE, IL 60077
- Signed the 990
- LYNN PIKHOLZ, PRESIDENT & CEO
- Phone
- (312) 540-1580
- Website
- CAPPLUS.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
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.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 30-0199985
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $6,537,507
- Income (IRS master file)
- $1,915,652
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,915,652 | $2,404,138 | $6,537,507 | XML |
| 990 | December 2023 | $3,830,948 | $3,726,916 | $1,297,617 | XML |
| 990 | December 2022 | $2,822,022 | $2,936,180 | $3,193,932 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0199985).
Questions about CAPITALPLUS EXCHANGE CORPORATION
- What is the EIN of CAPITALPLUS EXCHANGE CORPORATION?
- The employer identification number (EIN) of CAPITALPLUS EXCHANGE CORPORATION is 30-0199985.
- Is CAPITALPLUS EXCHANGE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to CAPITALPLUS EXCHANGE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPITALPLUS EXCHANGE CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAPITALPLUS EXCHANGE CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPITALPLUS EXCHANGE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CAPITALPLUS EXCHANGE CORPORATION?
- The 990 for the year ended December 31, 2024 names LYNN PIKHOLZ.
- Who are the officers and directors of CAPITALPLUS EXCHANGE CORPORATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 4 received compensation from the organization, the highest $176,705 (RULA DABABNEH, TREASURER & COO).
- How much revenue does CAPITALPLUS EXCHANGE CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,915,652, expenses of $2,404,138 and total assets of $6,537,507 at year end.
Other nonprofits in SKOKIE
- CHICAGOS NORTH SHORE CONVENTION & VISITORS BUREAU EIN 36-4449110 · last filed 990 for 2025
- SKOKIE CHAMBER OF COMMERCE EIN 36-2192571 · last filed 990 for 2024
- ACADEMY OF APHASIA EIN 90-0184201 · last filed 990-EZ for 2024
- JEWISH NEIGHBORHOOD DEVELOPMENT COUNCIL OF CHICAGO EIN 36-3302868 · last filed 990-EZ for 2024
- GREATER WORKS CHURCH OF GOD COMMUNITY OUTREACH & DEVELOPMENT C EIN 81-5472699 · last filed 990-N for 2024
- SKOKIE BIKE NETWORK NFP EIN 33-3743488 · last filed 990-N for 2025
- ILLINOIS ASSOCIATION OF CODE ENFORCEMENT EIN 36-3871324 · last filed 990-N for 2025
- DOWNTOWN SKOKIE MERCHANTS COLLABORATIVE EIN 33-2055215 · last filed 990-N for 2025
All nonprofits in SKOKIE · Illinois · Community improvement and capacity building