EIN 80-0348382

The Capital Good Fund

IRS 501(c) type
501(c)(3)
Num. employees
55
Year formed
2009
Most recent tax filings
2022-12-01
Description
The Capital Good Fund offers micro-finance and coaching to combat poverty and environmental injustice, achieving record-breaking figures in 2021.
Total revenues
$5,723,489
2022
Total expenses
$5,479,002
2022
Total assets
$17,247,323
2022
Num. employees
55
2022

Program areas at The Capital Good Fund

2022 was an amazing year: we set records for loan volume, loans outstanding, earned income, and total assets; expanded into three new states (nj, ct, and ga); maintained phenomenal portfolio performance; and continued to be a leader in The fight to use financial services to address poverty and mitigate climate change. Loan volume increased 62%, from $5.36 million originated in 2021 to $8.7 million in 2022 loan portfolio outstanding increased 68%, from $7.44 million to $12.48 million earned income increased 28%, from $941,000 to $1.21 million assets increased by 33%, from $12.96 million to $17.25 millionwe are so proud of what we continue to accomplish year after year for The communities and families we serve. While we say this every year, it is as true as ever: The best is undoubtedly yet to come.
In 2022 Capital Good Fund graduated over 65 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.

Who funds The Capital Good Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Social Capital FundMonetary Support$2,300,000
The Winston-Salem Foundation1 Grant(s) for Varying Purposes$375,000
JP Morgan Chase FoundationIn Support of Neighborhood Revitalization$300,000
...and 21 more grants received totalling $3,710,570

Personnel at The Capital Good Fund

NameTitleCompensation
Andrew PosnerChief Executive Officer$95,000
Aisha BusseyChief Business Officer$128,125
Libby KimzeyCo - Chair$0
Aaron Jay FossettTreasurer$0
Betsy HarrisChair$0
...and 5 more key personnel

Financials for The Capital Good Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,512,079
Program services$1,211,410
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,723,489

Form 990s for The Capital Good Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-06-06990View PDF
2021-122022-05-11990View PDF
2020-122021-05-21990View PDF
2019-122020-09-25990View PDF
2018-122019-11-01990View PDF
...and 9 more Form 990s
Data update history
November 23, 2023
Updated personnel
Identified 9 new personnel
October 24, 2023
Received grants
Identified 3 new grant, including a grant for $70,000 from The Blackbaud Giving Fund
August 20, 2023
Received grants
Identified 19 new grant, including a grant for $2,300,000 from Social Capital Fund
August 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvement
Characteristics
Tax deductible donations
General information
Address
333 Smith St
Providence, RI 02908
Metro area
Providence-Warwick, RI-MA
County
Providence County, RI
Website URL
capitalgoodfund.org/about-us/our-team/ 
Phone
(866) 584-3651
IRS details
EIN
80-0348382
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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