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Nonprofit · EIN 80-0348382

THE CAPITAL GOOD FUND

Tax-exempt · PROVIDENCE, RI 02908

Financials

$6.8M$6.5M2023$9.6M$8.3M2024
Revenue Expenses · by fiscal year end
Financials of THE CAPITAL GOOD FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$9,591,116$8,254,935$1,336,181$32,638,172$29,136,623$3,501,549
December 31, 2023990$6,754,848$6,491,745$263,103$23,807,401$21,642,033$2,165,368
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,391,274
Program service revenue
$3,199,842
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$464,628
Other salaries and wages
$2,925,165
Salaries, compensation and benefits (total)
$3,891,349
Professional fundraising fees
$0
Legal fees
$109,957
Accounting fees
$64,008
Travel
$29,727
Depreciation
$63,497
Program services (functional)
$6,876,320
Management and general (functional)
$951,243
Fundraising (functional)
$427,372

Balance sheet and other

Total assets, start of year
$23,807,401
Total assets, end of year
$32,638,172
Total liabilities, end of year
$29,136,623
Net assets, end of year
$3,501,549
Land, buildings and equipment
$3,086,285
Net assets without donor restrictions
$2,283,736
Net assets with donor restrictions
$1,217,813
Gross receipts
$9,591,116
Employees
65
Volunteers
0
Year formed
2009
State of legal domicile
RI

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.

NameTitleHours / weekCompensationOther / benefits
JAMES MAZJANISCHIEF FINANCIAL OFFICER
Officer
40$144,828$11,894
ANDREW POSNERFOUNDER & CEO
Officer
40$150,000$6,000
AISHA BUSSEYCHIEF BUSINESS OFFICER
Officer
40$146,063$5,843
SARAH M MANDTSENIOR VP INVESTOR RELATIONS
Highest-paid employee
40$105,319$8,465
ARTHUR S GABINETSECRETARY
Trustee or director, Officer
1$0$0
BETSY HARRISCO-CHAIR
Trustee or director, Officer
1$0$0
LIBBY KIMZEYCO-CHAIR
Trustee or director, Officer
1$0$0
ERIC COHENDIRECTOR
Trustee or director
1$0$0
ASHLEY COOKEDIRECTOR
Trustee or director
1$0$0
NISHA FLOYDDIRECTOR
Trustee or director
1$0$0
RAHUL GUPTADIRECTOR
Trustee or director
1$0$0
ELINA MAGALY SANTANA ESQDIRECTOR
Trustee or director
1$0$0
JANELLE WILLIAMSDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
AISHA BUSSEYCHIEF BUSINESS OFFICER
Highest-paid employee
40$128,938$3,868
ANDREW POSNERFOUNDER & CEO
Officer
40$109,807$3,294
ARTHUR S GABINETSECRETARY
Trustee or director, Officer
1$0$0
BETSY HARRISCO-CHAIR
Trustee or director, Officer
1$0$0
DARA DUGUAYDIRECTOR
Trustee or director
1$0$0
ELINA MAGALY SANTANA ESQDIRECTOR
Trustee or director
1$0$0
LIBBY KIMZEYCO-CHAIR
Trustee or director, Officer
1$0$0
NISHA FLOYDDIRECTOR
Trustee or director
1$0$0
RAHUL GUPTADIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
333 SMITH ST, PROVIDENCE, RI 02908-3759
Principal officer (990 for 2024)
ANDREW POSNER, 333 SMITH STREET, PROVIDENCE, RI 02908
Signed the 990
ANDREW POSNER, FOUNDER & CEO
Phone
(866) 584-3651
Return prepared by
CITRIN COOPERMAN ADVISORS LLC

Mission

TO CREATE PATHWAYS OUT OF POVERTY AND ADVANCE A GREEN ECONOMY THROUGH INCLUSIVE FINANCIAL SERVICES.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $6,614,220 · revenue $3,199,842
  • IN 2024, CAPITAL GOOD FUND GRADUATED OVER 100 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.
    Expenses $262,100

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
80-0348382
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
2009
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$32,638,172
Income (IRS master file)
$9,591,116

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$9,591,116$8,254,935$32,638,172XML
990-TDecember 2024–––IRS
990December 2023$6,754,848$6,491,745$23,807,401XML
990December 2022$5,723,489$5,479,002$17,247,323IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 80-0348382).

Questions about THE CAPITAL GOOD FUND

What is the EIN of THE CAPITAL GOOD FUND?
The employer identification number (EIN) of THE CAPITAL GOOD FUND is 80-0348382.
Is THE CAPITAL GOOD FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to THE CAPITAL GOOD FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE CAPITAL GOOD FUND 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 THE CAPITAL GOOD FUND 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 THE CAPITAL GOOD FUND 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 THE CAPITAL GOOD FUND?
The 990 for the year ended December 31, 2024 names ANDREW POSNER.
Who are the officers and directors of THE CAPITAL GOOD FUND?
The 990 for the year ended December 31, 2024 lists 13 people; 4 received compensation from the organization, the highest $144,828 (JAMES MAZJANIS, CHIEF FINANCIAL OFFICER).
How much revenue does THE CAPITAL GOOD FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $9,591,116, expenses of $8,254,935 and total assets of $32,638,172 at year end.

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