Beyond Capital Fund FY2021 filing

Tax-deductible

Dallas, TX501(c)(3)InternationalEIN 27-0221990Revenue $607K in FY2021

On file with the IRSbeyondcapitalfund.org25 Highland Park Village 100-317, 75205-2726 · Dallas, TXTax-exempt since Nov 2013Publicly supported charity — 170(b)(1)(A)(vi)

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We are a social impact Fund that invests in for-profit social enterprises throughout india and east africa that is dedicated to (a) filling the Capital gap as the first professional investment Capital in a social enterprise, in addition to (b) providing management advisory, pro bono resources and mentoring to ensure the enterprise's success and to (c) being a long-term partner to help them maintain fidelity to shared goals for their social mission.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $51K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$607K
+82% vs prior year
Spent
$279K
To programs
84%
Net assets
$724K
By yearFY2020–FY2024
Revenue
$607K
FY2021▲ +82%
Tap a bar for its year
Revenue by fiscal year
FY2020$333K
FY2021$607K
FY2022$535K
FY2023$244K
FY2024$250K
Expenses
$279K
FY2021▼ -30%
Tap a bar for its year
Expenses by fiscal year
FY2020$401K
FY2021$279K
FY2022$360K
FY2023$363K
FY2024$312K
Net assets
$724K
FY2021▲ +35%
Tap a bar for its year
Net assets by fiscal year
FY2020$537K
FY2021$724K
FY2022$899K
FY2023$832K
FY2024$770K

From the FY2021 Form 990 (year ending May 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Nov 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $235K Management & general 10% · $27K Fundraising 6% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Isabelle Schmidt’s $80K as Treasurer/Se is at the 71st percentile of top reported officer pay among 1636 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023
Isabelle Schmidt$80,000—
Mathilde Beniflah—$70,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Beyond Capital Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Invests in social enterprises in India and East Africa, providing capital, advice, and mentorship for success.

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Provided by the organization

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1 program · $235K · in their own filed words · FY2020
01

What do we do? We are a social impact fund that invests in for-profit social enterprises throughout india and east africa. Though we seek market rate financial returns, beyond capital is structured as a nonprofit, and we can remain patient and not pressured by arbitrary fund horizons, which permits us to emphasize fidelity to our social…

$235Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$200K
Grants paid · 2 grants · $70K · 2023–2023
Ampersand USA INCFY2023$45,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$607K
Ln 12
Gifts and grantsLn 1h$610K
Money outPt IX
$279K
Ln 25
Programscol B$235K
Managementcol C$27K
Fundraisingcol D$17K
Owns and owesPt X
$724K
net assets · Ln 32
Cash and savingsLn 1–2$194K
Total assetsLn 16$724K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$610K
Gains on assetsLn 7−$12K
Total revenueLn 12$607K
Assets in detailPt X, end of year
CashLn 1$194K
Cash and savings togetherLn 1–2$194K
InvestmentsLn 11–13$520K
Other assetsLn 15$0
Total assetsLn 16$724K
LiabilitiesLn 26$0
Net assetsLn 32$724K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$143K$194K
InvestmentsLn 11–13$382K$520K
Total assetsLn 16$537K$724K
LiabilitiesLn 26$0$0
Net assetsLn 32$537K$724K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$149K$149K
Pension plan contributionsLn 8$2K$2K
Payroll taxesLn 10$9K$9K
Legal feesLn 11b$14K$14K
Investment management feesLn 11f$16K$16K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$7K$7K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$11K$11K
Other expenses (24a–d)Ln 24$60K$37K$6K$17K
Total functional expensesLn 25$279K$235K$27K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $250K$312K−$63K$770K 990 PDF
FY2023 $244K$363K−$119K$832K 990 PDF
FY2022 $535K$360K$175K$899K 990 PDF
FY2021 Viewing $607K$279K$329K$724K 990 PDF
FY2020 $333K$401K−$68K$537K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $607,312 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $333,013$609,864
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0−$12,002
I-11 Other revenuePrior year $0$9,450
I-12 Total revenuePrior year $333,013$607,312
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $189,912$159,289
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $210,911$119,440
I-18 Total expensesPrior year $400,823$278,729
I-19 Revenue less expensesPrior year −$67,810$328,583
Part VI · Governance 12 of 12 board members independent, 5 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $607,312 across 5 lines filed
VIII-1f All other contributions, gifts and grants$609,864
VIII-1h Total contributions, gifts and grants$609,864
VIII-7 Net gain or loss on sales of assetsRelated to mission −$12,002−$12,002
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,450$9,450
VIII-12 Total revenueRelated to mission −$2,552 · Unrelated business $0 · Excluded from tax $0$607,312
Part IX · Statement of functional expenses $278,729 across 10 lines filed
IX-7 Other salaries and wagesPrograms $148,524$148,524
IX-8 Pension plan contributionsPrograms $1,500$1,500
IX-10 Payroll taxesPrograms $9,265$9,265
IX-11b Legal feesManagement $13,648$13,648
IX-11f Investment management feesPrograms $15,602$15,602
IX-12 Advertising and promotionPrograms $8,800$8,800
IX-13 Office expensesManagement $6,694$6,694
IX-17 TravelPrograms $3,706$3,706
IX-19 Conferences, conventions and meetingsPrograms $10,645$10,645
IX-24 Other expenses (24a–d)Programs $37,057 · Management $6,270 · Fundraising $17,018$60,345
IX-25 Total functional expensesPrograms $235,099 · Management $26,612 · Fundraising $17,018$278,729
Part X · Balance sheet $724,334 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $143,226$194,397
X-4 Accounts receivable$9,694
X-13 Program-related investmentsStart of year $381,667$520,243
X-15 Other assetsStart of year $11,747$0
X-16 Total assetsStart of year $536,640$724,334
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $536,640$724,334
X-33 Total liabilities and net assetsStart of year $536,640$724,334
Part XI · Reconciliation of net assets $724,334 net assets at year end
XI-1 Total revenue$607,312
XI-2 Total expenses$278,729
XI-3 Revenue less expenses$328,583
XI-4 Net assets at start of year$536,640
XI-8 Prior period adjustments−$140,889
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$724,334

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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