Nonprofit · EIN 41-2183377
ALTCAP
Tax-exempt · KANSAS CITY, MO 64111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,800,161 | $9,352,701 | -$5,552,540 | $29,347,578 | $17,000,787 | $12,346,791 |
| December 31, 2023 | 990 | $7,554,160 | $4,008,494 | $3,545,666 | $28,600,219 | $10,700,888 | $17,899,331 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,059,290
- of which government grants
- $308,252
- Program service revenue
- $2,847,231
- Investment income
- $61,333
- Other revenue
- -$167,693
Expenses
- Grants and similar amounts paid
- $3,902,161
- Compensation of officers, directors and key employees
- $377,803
- Other salaries and wages
- $1,379,574
- Salaries, compensation and benefits (total)
- $2,021,229
- Professional fundraising fees
- $0
- Legal fees
- $271,874
- Accounting fees
- $132,542
- Occupancy
- $81,330
- Travel
- $84,685
- Depreciation
- $7,310
- Program services (functional)
- $7,660,974
- Management and general (functional)
- $1,311,550
- Fundraising (functional)
- $380,177
Balance sheet and other
- Total assets, start of year
- $28,600,219
- Total assets, end of year
- $29,347,578
- Total liabilities, end of year
- $17,000,787
- Net assets, end of year
- $12,346,791
- Land, buildings and equipment
- $208,979
- Net assets without donor restrictions
- $7,351,418
- Net assets with donor restrictions
- $4,995,373
- Gross receipts
- $3,800,161
- Employees
- 32
- Volunteers
- 150
- Year formed
- 2005
- State of legal domicile
- MO
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 |
|---|---|---|---|---|
| DAVID RAMIREZ | MARKET PRESIDENT Key employee | 40 | $204,780 | $43,100 |
| RUBEN ALONSO III | PRESIDENT Officer | 40 | $189,504 | $34,800 |
| PATRICE BECKER | VP OF FINANCE AND ACCOUNTING Highest-paid employee | 40 | $158,330 | $36,600 |
| RICHARD VOHS | VP OF FINANCE AND ACCOUNTING Officer | 40 | $153,724 | $26,600 |
| MARCOS HERNANDEZ | MARKET PRESIDENT Highest-paid employee | 40 | $124,026 | $21,200 |
| DAWN KENNEDY | DIRECTOR OF LENDING Highest-paid employee | 40 | $112,491 | $21,800 |
| BRIAN SAVOY | MARKET PRESIDENT Highest-paid employee | 40 | $90,286 | $25,146 |
| ROBERT GIVENS | VICE CHAIR/TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| ED HONESTY JR | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| KATIE KWO GERSON | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DONALD HAWKINGS | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MARTHA SALINAS | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| CARRECE SCOTT | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| BIANCA TILLARD-GATES | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DAVID BRAIN | BOARD CHAIR Officer | 1.5 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID RAMIREZ | MARKET PRESIDENT Key employee | 40 | $196,049 | $25,000 |
| RUBEN ALONSO III | PRESIDENT Officer | 40 | $190,479 | $20,000 |
| RICHARD VOHS | VP OF FINANCE AND ACCOUNTING Officer | 40 | $152,096 | $15,000 |
| CARMEN LOPEZ | VP OF LENDING AND CLIENT SERVICES Highest-paid employee | 40 | $147,979 | $16,000 |
| ANTHONY WILLIAMS | MARKET PRESIDENT Key employee | 40 | $116,154 | $12,000 |
| PATRICE BECKER | VP OF FINANCE AND ACCOUNTING Highest-paid employee | 40 | $109,900 | $9,000 |
| DAWN KENNEDY | DIRECTOR OF LENDING Highest-paid employee | 40 | $100,137 | $10,000 |
| DAVID BRAIN | BOARD CHAIR Trustee or director, Officer | 1.5 | $0 | $0 |
| ROBERT GIVENS | VICE CHAIR/TREASURER Trustee or director, Officer | 1.5 | $0 | $0 |
| ED HONESTY JR | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 |
| KATIE KWO GERSON | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| DONALD HAWKINGS | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| MARTHA SALINAS | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| CARRECE SCOTT | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
| BIANCA TILLARD-GATES | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 E 39TH STREET SUITE 3G, KANSAS CITY, MO 64111-1531
- In care of
- % RUBEN ALONSO III
- Principal officer (990 for 2024)
- RUBEN ALONSO III, 300 East 39th Street Suite 3G, Kansas City, MO 64111
- Signed the 990
- RICHARD VOHS, VP FINANCE
- Phone
- (816) 216-1851
- Website
- WWW.ALT-CAP.ORG
- Return prepared by
- WELCH & ASSOCIATES LLC
Mission
To be a catalyst for investment in Kansas City metropolitan communities throught innovative financial products, targeted economic and community development programming, and the development of strategic partnerships that promote community collaboration and capacity building.
Program accomplishments
- LENDING IN 2024, THE ORGANIZATION CONTINUED TO DEPLOY NEEDED FINANCING TO UNDERSERVED AND OVERLOOKED ENTREPRENEURS. THE ORGANIZATION WAS ABLE EXPAND ITS REACH TO MORE COMMUNITIES AND SERVE MORE ENTREPRENEURS, PROVIDING ACCESS TO CAPITAL TO SUPPORT NEW, SMALL BUSINESS CREATION AS WELL AS SUPPORT THE GROWTH OF EXISTING SMALL BUSINESSES. IN ADDITION TO SMALL BUSINESS AND MICRO LOANS, THE ORGANIZATION INCREASED THE AVAILABILITY, ACCESSIBILITY AND FLEXIBILITY OF ITS CAPITAL BY OFFERING REVENUE-BASED FINANCING LOANS TO ENTREPRENEURS.Expenses $3,152,389 · revenue $1,347,056
- SMALL BUSINESS DEVELOPMENT THE ORGANIZATION PROVIDES IN-KIND SERVICE/RESOURCES TO AN AFFILIATE ORGANIZATION THAT INVEST IN INNOVATIVE AND MEASURABLE COMMUNITY DEVELOPMENT THAT ALIGNS WITH AND STRENGTHENS THE FINANCIAL, HUMAN, AND SOCIAL CAPITAL OF UNDER-RESOURCED NEIGHBORHOODS IN THE KANSAS CITY METROPOLITAN REGION. IN 2022, OUR AFFILIATE ORGANIZATION DEPLOYED MORE THAN 3 MILLION TO NEIGHBORHOOD SMALL BUSINESSES TO ASSIST WITH THEIR RECOVERY EFFORTS AFTER THE ECONOMIC IMPACT OF COVID-19. THE ORGANIZATIONS CONTINUED TO OFFER SMALL BUSINESSES TECHNICAL ASSISTANCE DIRECTLY AS WELL AS INDIRECTLY THROUGH PARTNER ENTREPRENEURSHIP SUPPORT ORGANIZATIONS.Expenses $4,285,554 · grants $3,902,161 · revenue -$204,957
- NEW MARKET TAX CREDITS SINCE 2008, THE ORGANIZATION HAS PARTICIPATED IN A FEDERAL TAX CREDIT PROGRAM THAT IS USED TO STIMULATE INVESTMENT IN ECONOMICALLY DISTRESSED COMMUNITIES. THE ORGANIZATION CUMULATIVELY HAS DEPLOYED 213 MILLION IN NEW MARKET TAX CREDITS ALLOCATION WHICH WERE USED TO FINANCE JOB CREATING BUSINESSES AND AS A CATALYST FOR REAL ESTATE DEVELOPMENT PROJECTS IN KANSAS CITY METRO AREA.Expenses $223,031 · revenue $1,500,175
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
- 41-2183377
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $29,347,578
- Income (IRS master file)
- $3,800,161
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,800,161 | $9,352,701 | $29,347,578 | IRS |
| 990 | December 2023 | $7,554,160 | $4,008,494 | $28,600,219 | XML |
| 990 | December 2022 | $6,756,411 | $5,241,269 | $30,256,354 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | June 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 41-2183377).
Questions about ALTCAP
- What is the EIN of ALTCAP?
- The employer identification number (EIN) of ALTCAP is 41-2183377.
- Is ALTCAP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to ALTCAP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALTCAP 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 ALTCAP 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 ALTCAP 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 ALTCAP?
- The 990 for the year ended December 31, 2024 names RUBEN ALONSO III.
- Who are the officers and directors of ALTCAP?
- The 990 for the year ended December 31, 2024 lists 15 people; 7 received compensation from the organization, the highest $204,780 (DAVID RAMIREZ, MARKET PRESIDENT).
- How much revenue does ALTCAP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,800,161, expenses of $9,352,701 and total assets of $29,347,578 at year end.
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All nonprofits in KANSAS CITY · Missouri · Community improvement and capacity building