Beyond Capital Fund FY2023 filing

Tax-deductible

Dallas, TX501(c)(3)InternationalEIN 27-0221990Revenue $244K in FY2023

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.
49¢ of each $1 spent went to programs.
$70K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 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
$4K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$244K
-54% vs prior year
Spent
$363K
To programs
49%
Net assets
$832K
By yearFY2020–FY2024
Revenue
$244K
FY2023▼ -54%
Tap a bar for its year
Revenue by fiscal year
FY2020$333K
FY2021$607K
FY2022$535K
FY2023$244K
FY2024$250K
Expenses
$363K
FY2023▲ +1.0%
Tap a bar for its year
Expenses by fiscal year
FY2020$401K
FY2021$279K
FY2022$360K
FY2023$363K
FY2024$312K
Net assets
$832K
FY2023▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$537K
FY2021$724K
FY2022$899K
FY2023$832K
FY2024$770K

From the FY2023 Form 990 (year ending May 2023) · see the original

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You’re viewing the FY2023 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

49 cents of each dollar spent went to programs.

Program services 49% · $176K Management & general 51% · $187K

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

7 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Secretary/Tr
$70,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Exec O
$0Pt VII · Sec A
Director/Cha
$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 · $176K · in their own filed words · FY2022
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…

$176Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$244K
Ln 12
Gifts and grantsLn 1h$239K
Other incomeLn 4–11$5K
Money outPt IX
$363K
Ln 25
Programscol B$176K
Managementcol C$187K
Owns and owesPt X
$832K
net assets · Ln 32
Cash and savingsLn 1–2$221K
Total assetsLn 16$836K
LiabilitiesLn 26$4K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$239K
Other incomeLn 4–11$5K
Gains on assetsLn 7−$15K
Total revenueLn 12$244K
Assets in detailPt X, end of year
CashLn 1$221K
Cash and savings togetherLn 1–2$221K
InvestmentsLn 11–13$562K
Total assetsLn 16$836K
LiabilitiesLn 26$4K
Net assetsLn 32$832K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$304K$221K
InvestmentsLn 11–13$585K$562K
Total assetsLn 16$899K$836K
LiabilitiesLn 26$0$4K
Net assetsLn 32$899K$832K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$50K$50K
Pay of current officers, directors and key staffLn 5$70K$70K
Other salaries and wagesLn 7$495$495
Pension plan contributionsLn 8$514$514
Other employee benefitsLn 9$593$593
Payroll taxesLn 10$7K$7K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$32K$32K
Other fees for servicesLn 11g$86K$29K$57K
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$4K$4K
Information technologyLn 14$8K$8K
TravelLn 17$19K$19K
InsuranceLn 23$196$196
Other expenses (24a–d)Ln 24$57K$57K
All other expensesLn 24e$991$991
Total functional expensesLn 25$363K$176K$187K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $250K$312K−$63K$770K 990 PDF
FY2023 Viewing $244K$363K−$119K$832K 990 PDF
FY2022 $535K$360K$175K$899K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $244,421 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $512,450$239,189
I-9 Program service revenue$0
I-10 Investment income−$14,930
I-11 Other revenuePrior year $22,165$20,162
I-12 Total revenuePrior year $534,615$244,421
I-13 Grants and similar amounts paid$50,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $160,183$78,730
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $199,520$234,471
I-18 Total expensesPrior year $359,703$363,201
I-19 Revenue less expensesPrior year $174,912−$118,780
Part VI · Governance 6 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $244,421 across 5 lines filed
VIII-1f All other contributions, gifts and grants$239,189
VIII-1h Total contributions, gifts and grants$239,189
VIII-7 Net gain or loss on sales of assetsRelated to mission −$14,930−$14,930
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20,162$20,162
VIII-12 Total revenueRelated to mission $5,232$244,421
Part IX · Statement of functional expenses $363,201 across 16 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $50,000$50,000
IX-5 Pay of current officers, directors and key staffPrograms $70,000$70,000
IX-7 Other salaries and wagesPrograms $495$495
IX-8 Pension plan contributionsPrograms $514$514
IX-9 Other employee benefitsPrograms $593$593
IX-10 Payroll taxesPrograms $7,128$7,128
IX-11b Legal feesManagement $14,159$14,159
IX-11c Accounting feesManagement $32,260$32,260
IX-11g Other fees for servicesPrograms $28,611 · Management $56,987$85,598
IX-12 Advertising and promotionManagement $12,273$12,273
IX-13 Office expensesManagement $4,489$4,489
IX-14 Information technologyManagement $8,094$8,094
IX-17 TravelPrograms $19,141$19,141
IX-23 InsuranceManagement $196$196
IX-24 Other expenses (24a–d)Management $57,270$57,270
IX-24e All other expensesManagement $991$991
IX-25 Total functional expensesPrograms $176,482 · Management $186,719 · Fundraising $0$363,201
Part X · Balance sheet $835,699 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $304,309$220,767
X-4 Accounts receivableStart of year $9,694$52,924
X-13 Program-related investmentsStart of year $585,243$562,008
X-16 Total assetsStart of year $899,246$835,699
X-17 Accounts payable and accrued expenses$3,500
X-26 Total liabilitiesStart of year $0$3,500
X-27 Net assets without donor restrictionsStart of year $899,246$832,199
X-32 Total net assets or fund balancesStart of year $899,246$832,199
X-33 Total liabilities and net assetsStart of year $899,246$835,699
Part XI · Reconciliation of net assets $832,199 net assets at year end
XI-1 Total revenue$244,421
XI-2 Total expenses$363,201
XI-3 Revenue less expenses−$118,780
XI-4 Net assets at start of year$899,246
XI-9 Other changes in net assets$51,733
XI-10 Net assets at end of year$832,199

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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