Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1985.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
70 cents of each dollar spent went to programs.
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
31 people listed on the 990; $4.2M paid to officers and key staff.
Ellis Carr’s $1.0M as President & CEO is at the 71st percentile of top reported officer pay among 59 $100M+ public & societal benefit 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Ellis Carr | $1,029,249 | $862,564 | $693,114 | $725,300 | $484,462 |
| Natalie Gunn | $451,758 | $440,449 | $396,827 | $461,411 | $298,985 |
| Raymond Guthrie | — | $429,245 | $372,095 | $181,290 | — |
| Karla Gill | $406,811 | $334,830 | $109,321 | — | — |
| Brian McEvoy | $379,015 | $360,194 | $316,032 | $274,183 | — |
| Matthew Wehland | $352,981 | $349,095 | $247,773 | $207,368 | $201,459 |
| Diane Borradaile | — | — | — | $337,515 | $270,447 |
| Kurt Chilcott | $5,000 | $212,500 | $322,500 | $211,250 | — |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Provides financing and technical training to underfunded local developers to help them build skills, grow businesses, and create communities of opportunity nationwide.
Questions for Capital Impact Partners
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Education
Capital impact partners has been a charter school lender for over 20 years and has become a valuable financing source for our nation's charter schools. To ensure that low cost capital is available nationwide, capital impact partners offers (1) construction and renovation loans, (2) real estate acquisition and term loans, equipment loans…
Healthcare
Capital impact partners has created innovative solutions to successfully preserve affordable health care for low income communities across the country. Dedicated to delivering value-added service and ease of process, we leverage over 30 years of experience in the market to customize appropriately structured financing for our borrowers.
Affordable Housing
Capital impact partners bridges the gap between policy and development to improve the lives of low-income individuals. Capital impact partners' efforts in affordable housing focus primarily on supporting multifamily developments in markets where affordable housing has been identified as a need.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $94.9M | $70.9M |
| InvestmentsLn 11–13 | $102.3M | $95.5M |
| Land, buildings, equipmentLn 10c | $1.3M | $1.1M |
| Total assetsLn 16 | $600.5M | $583.8M |
| LiabilitiesLn 26 | $431.6M | $418.8M |
| Net assetsLn 32 | $168.9M | $165.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $12.9M | $12.9M | ||
| Pay of current officers, directors and key staffLn 5 | $3.4M | $2.4M | $726K | $336K |
| Other salaries and wagesLn 7 | $17.0M | $9.4M | $6.9M | $583K |
| Pension plan contributionsLn 8 | $1.3M | $879K | $369K | $51K |
| Other employee benefitsLn 9 | $1.3M | $798K | $477K | $39K |
| Payroll taxesLn 10 | $1.3M | $849K | $370K | $55K |
| Management feesLn 11a | $332K | $5K | $294K | $33K |
| Legal feesLn 11b | $1.0M | $105K | $832K | $92K |
| Accounting feesLn 11c | $248K | $25K | $201K | $22K |
| Investment management feesLn 11f | $105K | $105K | ||
| Other fees for servicesLn 11g | $3.3M | $914K | $2.1M | $271K |
| Office expensesLn 13 | $584K | $93K | $419K | $72K |
| Information technologyLn 14 | $808K | $48K | $703K | $57K |
| OccupancyLn 16 | $1.2M | $480K | $627K | $70K |
| TravelLn 17 | $487K | $259K | $206K | $23K |
| InterestLn 20 | $10.8M | $10.8M | ||
| Depreciation, depletion and amortizationLn 22 | $220K | $71K | $148K | |
| InsuranceLn 23 | $339K | $305K | $34K | |
| Other expenses (24a–d)Ln 24 | $1.8M | $727K | $995K | $111K |
| Total functional expensesLn 25 | $58.4M | $40.7M | $15.8M | $1.8M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $115.6M | $85.5M | $30.0M | $179.1M | 990 PDF |
| FY2023 | $69.4M | $73.6M | −$4.2M | $151.7M | 990 PDF |
| FY2022 Viewing | $62.8M | $58.4M | $4.3M | $165.0M | 990 PDF |
| FY2021 | $55.8M | $40.6M | $15.2M | $168.9M | 990 PDF |
| FY2020 | $55.1M | $38.4M | $16.7M | $155.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $62,753,327 revenue, 12 lines filed
Part VI · Governance 17 of 18 board members independent, no flags
Part VIII · Statement of revenue $62,753,327 across 8 lines filed
Part IX · Statement of functional expenses $58,408,239 across 19 lines filed
Part X · Balance sheet $583,801,509 assets, 14 lines filed
Part XI · Reconciliation of net assets $164,996,748 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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