2023-06-06T07:14:07-05:00 2022-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 30 BRAINTREE HL OFFICE PARK STE 300 BRAINTREE MA 02184 990 2022-01-01 800348382 THE CAPITAL GOOD FUND CAPI 8665843651 333 SMITH STREET PROVIDENCE RI 02908 ANDREW POSNER CEO 8665843651 2023-06-04 1 ANDREW POSNER 999009999 1 JEFFREY ALVANAS P01988325 7813562000 2023-06-04 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANDREW POSNER 333 SMITH STREET PROVIDENCE RI 02908 5723489 0 X WWW.CAPITALGOODFUND.ORG X 2009 RI THE CAPITAL GOOD FUND IS A U.S. TREASURY CERTIFIED COMMUNITY DEVELOPMENT FOUNDATION THAT TARGETS ROOT CAUSES OF POVERTY AND ENVIRONMENTAL INJUSTICE THROUGH INNOVATIVE PERSONAL LOANS AND FINANCIAL COACHING. ITS MISSION IS TO CREATE PATHWAYS OUT OF POVERTY AND ADVANCE A GREEN ECONOMY THROUGH INCLUSIVE FINANCIAL SERVICES. 11 10 55 0 0 0 5268536 4512079 941415 1211410 0 0 9658 0 6219609 5723489 0 0 0 0 2672215 2941015 0 0 334367 2747971 2537987 5420186 5479002 799423 244487 12958920 17247323 11301142 15345058 1657778 1902265 X TO CREATE PATHWAYS OUT OF POVERTY AND ADVANCE A GREEN ECONOMY THROUGH INCLUSIVE FINANCIAL SERVICES. 0 0 3993368 1124549 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. 469808 86861 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. 4463176 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 83 0 1 55 1 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X X JAMES MAZJANIS 8665843651 333 SMITH STREET PROVIDENCE RI 02908 BETSY HARRIS CO-CHAIR 1.00 1.00 X X 0 0 0 LIBBY KIMZEY CO-CHAIR 1.00 1.00 X X 0 0 0 AARON JAY FOSSETT TREASURER 1.00 1.00 X X 0 0 0 ARTHUR S GABINET SECRETARY 1.00 1.00 X X 0 0 0 NISHA FLOYD DIRECTOR 1.00 X 0 0 0 HOLLY BULLARD DIRECTOR 1.00 X 0 0 0 ELINA MAGALY SANTANA ESQ DIRECTOR 1.00 X 0 0 0 DARA DUGUAY DIRECTOR 1.00 X 0 0 0 RAHUL GUPTA DIRECTOR 1.00 X 0 0 0 TRACY MACLEAN DIRECTOR 1.00 X 0 0 0 ISABELLA ORTIZ DIRECTOR 1.00 X 0 0 0 ANDREW POSNER FOUNDER & CEO 40.00 1.00 X 95000 0 2850 AISHA BUSSEY CHIEF BUSINESS OFFICER 40.00 X 128125 0 6875 223125 0 9725 1 0 0 0 SOCIAL CAPITAL FUND 333 SMITH STREET PROVIDENCE RI 02908 LOAN SERVICING 560200 ATX ADVISORY 118 ALFRED STREET BIDDEFORD ME 04005 SOFTWARE DEVELOPMENT & CALIPER SERVICES 111251 2 2300000 2212079 1110 4512079 INTEREST INCOME 541990 856149 856149 SHARED SERVICES 541990 268400 268400 PROGRAM REVENUE 541990 86861 86861 1211410 5723489 1211410 0 0 95000 76950 9500 8550 2475674 2005296 247567 222811 46546 37702 4655 4189 155776 126179 15577 14020 168019 136095 16802 15122 35682 35682 44500 36045 4450 4005 48864 6957 41468 439 223470 130874 79935 12661 77022 62388 7702 6932 384298 311281 38430 34587 2875 2329 288 258 19799 833 18966 268809 268809 80162 64931 8016 7215 31191 25265 3119 2807 BAD DEBT 562089 562089 LOAN SERVICING 560200 560200 MISCELLANEOUS 82582 82582 PROFESSIONAL DEVELOPMEN 72401 6538 65863 44043 42415 857 771 5479002 4463176 681459 334367 5275332 4517815 11496 154424 196106 137754 6844284 11848995 57239 24663 626913 104861 557336 522052 17127 41620 12958920 17247323 358070 1538261 1088902 1870730 197654 201009 1125000 875000 8531516 10860058 11301142 15345058 X 494744 1454608 1163034 447657 1657778 1902265 12958920 17247323 244487 0 X X 0 1 X 1 0 X 1856767 2507269 3909625 5268536 4512079 18054276 247915 679628 830609 900139 1204901 3863192 2104682 3186897 4740234 6168675 5716980 21917468 1373000 1324000 3332500 390000 2300000 8719500 0 1373000 1324000 3332500 390000 2300000 8719500 13197968 431227 110867 102840 41276 6509 692719 431227 110867 102840 41276 6509 692719 12647 5739 6454 9658 34498 2548556 3303503 4849528 6219609 5723489 22644685 0.58280 0.57360 0.03060 0.04620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 488096 15668 472428 138817 89193 49624 522052 X 5723489 0 5723489 0 5723489 5479002 0 5479002 0 5479002 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AND ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION FILES INFORMATIONAL TAX RETURNS AS REQUIRED BY THE IRC. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC INCOME TAXES. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TOPIC ALSO PROVIDES GUIDANCE ON RECOGNITION, DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AT DECEMBER 31, 2022, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS. BETSY HARRIS BOARD MEMBER FINANCING X 22009 22009 0 1 1 ANDREW POSNER CEO FINANCING X 54000 54000 0 1 1 RICHARD POSNER FAMILY MEMBER FINANCING X 130000 100000 0 1 1 KEVIN EGOLF CURRENT SR. VP - INVESTOR RELATIONS FINANCING X 25000 25000 0 1 1 201009 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS AND APPROVES THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS REQUIRED ANNUALLY TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD DETERMINES THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC THROUGH REQUEST OF THE CEO. PART XII, LINE 2C: PROCESS HAS NOT BEEN CHANGED FROM PRIOR YEAR. SOCIAL CAPITAL FUND 333 SMITH STREET PROVIDENCE RI 02908 474670143 SUPPORT THE CAPITAL GOOD FUND'S GROWING SMALL-DOLLAR PERSONAL LOAN PORTFOLIO RI 501(C)(3) LINE 12A, I 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 SOCIAL CAPITAL FUND P 560200 FAIR VALUE SOCIAL CAPITAL FUND O 268400 FAIR VALUE SOCIAL CAPITAL FUND C 2300000 FAIR VALUE