Nonprofit · EIN 87-4700265
ALTCAP CALIFORNIA
Tax-exempt · LOS ANGELES, CA 90034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,579,140 | $1,303,883 | $3,275,257 | $10,718,598 | $3,050,000 | $7,668,598 |
| December 31, 2023 | 990 | $297,922 | $747,672 | -$449,750 | $4,843,341 | $450,000 | $4,393,341 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,859,612
- Program service revenue
- $719,528
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $232,376
- Other salaries and wages
- $232,907
- Salaries, compensation and benefits (total)
- $500,678
- Professional fundraising fees
- $0
- Legal fees
- $57,540
- Accounting fees
- $21,909
- Occupancy
- $18,941
- Travel
- $32,168
- Program services (functional)
- $925,215
- Management and general (functional)
- $286,255
- Fundraising (functional)
- $92,413
Balance sheet and other
- Total assets, start of year
- $4,843,341
- Total assets, end of year
- $10,718,598
- Total liabilities, end of year
- $3,050,000
- Net assets, end of year
- $7,668,598
- Net assets without donor restrictions
- $7,668,598
- Gross receipts
- $4,579,140
- Employees
- 4
- Year formed
- 2021
- State of legal domicile
- CA
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID RAMIREZ | PRESIDENT Officer | 40 | $0 | $204,780 | $43,100 |
| JACQUELYN JONES | CHAIR Trustee or director, Officer | 40 | $0 | $0 | $0 |
| DANIEL FERNANDEZ | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 | $0 |
| RUBEN ALONSO III | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 | $0 |
| TERRA NEILSON | VICE PRESIDENT Trustee or director, Officer | 1.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID DESAI-RAMIREZ | PRESIDENT Officer | 40 | $0 | $196,049 | $15,000 |
| JACQUELYN JONES | CHAIR Trustee or director, Officer | 1.5 | $0 | $0 | $0 |
| DANIEL FERNANDEZ | TREASURER Trustee or director, Officer | 1.5 | $0 | $0 | $0 |
| RUBEN ALONSO III | SECRETARY Trustee or director, Officer | 1.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3415 SOUTH SEPULVEDA BLVD STE SUITE, LOS ANGELES, CA 90034-6060
- In care of
- % DAVID DESAI-RAMIREZ
- Mailing address (990-N for 2021)
- 12816 Inglewood Avenue Suite 416, Hawthorne CA 90250
- Principal officer (990 for 2024)
- DAVID DESAI-RAMIREZ, 3415 SOUTH SEPULVEDA BLVD STE SUITE, HAWTHORNE, CA 90250
- Principal officer (990-N for 2021)
- David Desai-Ramirez, 12816 Inglewood Avenue Suite 416, Hawthorne CA 90250
- Signed the 990
- RICHARD VOHS, CFO ALTCAP
- Phone
- (310) 874-6233
- Website
- ALTCAP.ORG
- Return prepared by
- WELCH & ASSOCIATES LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 87-4700265 or by the name ALTCAP CALIFORNIA.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
To be a catalyst for investment in Los Angeles 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
- 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. WE DEPLOYED OVER 4MILLION TO MINORITY ENTREPRENEURS IN SOUTHERN CALIFORNIA.Expenses $925,215 · revenue $719,528
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
- 87-4700265
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $10,718,598
- Income (IRS master file)
- $4,579,140
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,579,140 | $1,303,883 | $10,718,598 | XML |
| 990 | December 2023 | $297,922 | $747,672 | $4,843,341 | XML |
| 990 | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: David Desai-Ramirez | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-4700265).
Questions about ALTCAP CALIFORNIA
- What is the EIN of ALTCAP CALIFORNIA?
- The employer identification number (EIN) of ALTCAP CALIFORNIA is 87-4700265.
- Is ALTCAP CALIFORNIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2024.
- Are donations to ALTCAP CALIFORNIA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALTCAP CALIFORNIA 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 CALIFORNIA 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 CALIFORNIA 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 CALIFORNIA?
- The 990 for the year ended December 31, 2024 names DAVID DESAI-RAMIREZ.
- Who are the officers and directors of ALTCAP CALIFORNIA?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does ALTCAP CALIFORNIA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,579,140, expenses of $1,303,883 and total assets of $10,718,598 at year end.
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All nonprofits in LOS ANGELES · California · Community improvement and capacity building