Altcap EIN 41-2183377

Altcap FY2020 filing

EIN  41-2183377 Membership association Kansas City, MO
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/27/26 · see original filing: IRS
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Size
$1–10M
What they do
Helps people with disabilities access resources and opportunities.
Leadership
Ruben Alonso III · President · $164K
Money in and out
$4.6M revenue, $2.6M expenses
Bottom line
+44% operating surplus

Helps people with disabilities access resources and opportunities. For fiscal year 2020 it reported $4.6M in revenue, $2.6M in expenses, and $12.4M in net assets.Pt I

Membership & operating revenue · FY2020
Total revenue
$4.6M
Pt VIII · Ln 12
Total expenses
$2.6M
Pt IX · Ln 25
Net assets
$12.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.0M
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Operating surplus
+44%
revenue over expenses
Earned revenue
43%
of revenue from program services & dues
Payroll share
39%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$4.6M
FY2020
Expenses
$2.6M
FY2020
Total assets
$20.3M
FY2020
Total liabilities
$7.9M
FY2020
Total revenue
$4.6M
Pt VIII · Ln 12
Total expenses
$2.6M
Pt IX · Ln 25
Net assets
$12.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.0M
Total assetsPt X · Ln 16$20.3M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $1.9M of program spending, described in the organization's own filed words · FY2020.
01

Lending Programs

In 2020, the Organization deployed three times the total number of loans made in prior years combined. The Organization established a KC Regional COVID-19 Relief Loan Fund which deployed nearly 4 million in emergency loans to over 100 small businesses that were forced to close due to necessary pulic health measures.

$1.3Mprogram expense
02

Small Business Development The Organization provides in-kind service/resources to an affiliate organization that invest in innovative and measurable community development that aligngs with and strengthens the financial, human, and social capital of under-resourced neighborhoods in the Kansas City metropolitan region.

$371Kprogram expense
03

New Market Tax Credit Program

Since 2008, the Organization has participated in a federal tax credit program that is used to stimulate investment in economically distressed communities. The Organization cumulatively has deployed 138 million in new market tax credits which were used to finance job creating businesses and as a catalyst for real estate development…

$207Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAltcap
EINHdr · item D41-2183377
Principal addressHdr · item CKansas City, MO
WebsiteHdr · item Jwww.alt-cap.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFJan 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$163,779Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Former Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

David Ramirez’s $205K as Market President is at the 68th percentile of top reported officer pay among 2834 $1–10M community development 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Ramirez$204,780$196,049
David Desai-Ramirez$194,587
Ruben Alonso III$189,504$190,479$187,928$179,559$163,779
Patrice Becker$158,330$109,900
Richard Vohs$153,724$152,096$81,725
Anthony Williams$116,154$148,103
Carmen Lopez$147,979
Marcos Hernandez$124,026

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.

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Statement of Revenue

Part VIII
Contributions & grants$2.6M · 57%
Program service revenue$2.0M · 43%
Other revenue$27K · 1%
Contributions & grants57%$2.6M
Program service revenue43%$2.0M
Other revenue1%$27K
— government grantsLn 1e$1.1M
Total revenueLn 12$4.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$1.9M
Management & general27%$681K
Total functional expensesLn 25$2.6M

Balance Sheet

Part X · end of year
CashLn 1$4.6M
Total assetsLn 16$20.3M
Total liabilitiesLn 26$7.9M
Total net assetsLn 32$12.4M
Months of cash on handcomputed21.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.6M · Operating expenses/yr $2.6M
21.5 months
Where the money goes
Program services
Program services $1.9M · Total expenses $2.6M
73%
Management & General
Management & general $681K · Total expenses $2.6M
27%
Fundraising
Fundraising $0 · Total expenses $2.6M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $1.5M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2.6M · Total revenue $4.6M
57%
Government reliance
Government grants $1.1M · Total revenue $4.6M
24%
Earned-income share
Program service revenue $2.0M · Total revenue $4.6M
43%
Investment reliance
Investment income $0 · Total revenue $4.6M
0%
Program self-sufficiency
Program service revenue $2.0M · Total expenses $2.6M
77%
Growth & trend
Revenue growth (YoY)
This year $4.6M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $12.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.6M · Expenses $2.6M
+44%
Liabilities-to-Assets
Total liabilities — · Total assets $20.3M
Net-asset ratio
Net assets $12.4M · Total assets $20.3M
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $20.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ruben Alonso III · Reported title PRESIDENT · Highest reported compensation $164K · Total expenses $2.6M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $998K · Total expenses $2.6M
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 4%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$405K
See all 3 funders →
Grants paid · 16 grants · $1.8M · 2020–2024
Brown Suga Co LLCFY2024$25,000
Iris Creative Projects Agency LLCFY2024$10,000
The Next PaigeFY2023$25,000
Vine Street Brewing LLCFY2023$10,000
Codealgo LLCFY2023$2,500
H3 Enterprise LLCFY2023$2,500
Civic Saint LLCFY2023$2,500
Altcap CaliforniaFY2022$1,369,474
Equity 2 LLCFY2022$83,969
Community Capital FundMO · FY2022$50,457
Diversity Telehealth LLCFY2022$25,000
Sweet Peaches Cobblers LLCFY2022$10,000
Community Capital FundMO · FY2021$78,224
Cafe Ca Phe LLCFY2021$20,000
Ophelia's Blue Vine FarmFY2021$10,000
Community Capital FundMO · FY2020$28,585

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$3.8M revenue · ⤓ 990 PDF
FY2023$7.6M revenue · ⤓ 990 PDF
FY2022$6.8M revenue · ⤓ 990 PDF
FY2021$6.2M revenue · ⤓ 990 PDF
FY2020$4.6M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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