Overview
What is Capitalplus Exchange Corporation?
Capitalplus Exchange Corporation, a 501(c)(3) nonprofit organization, is headquartered in Skokie, Illinois. Its primary mission is to provide capacity-building services to financial institutions that serve underprivileged populations, such as small businesses and micro enterprises. The organization offers assistance in various areas, including lending product management, risk management, human resource management, and improving operational efficiencies, among others. By offering these services at below-market costs, Capitalplus Exchange Corporation aims to foster economic development and poverty reduction, ultimately benefitting low-income individuals. During 2022, the organization provided services to twenty microfinance and small business banks, primarily in Ghana, helping them adjust to the challenges posed by COVID-19 and expand access to credit.
Official website here: www.capplus.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 80% (Three-Star out of Four Star rating)
Capitalplus Exchange Corporation has received a respectable Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The charity scored particularly well in areas such as board independence, financial oversight, and the absence of material diversions of assets. With an independent board comprising entirely of independent members, the organization demonstrates a robust governance structure.
However, while the program expense ratio is commendable at 76.06%, showing a strong allocation of resources toward its mission, the working capital ratio of 0.33 years suggests potential concerns regarding liquidity and financial resilience. This may pose challenges in sustaining operations during unforeseen financial pressures. Additionally, the salaries of key personnel appear to be significant, which might raise questions among some stakeholders about executive compensation in relation to the overall financial health of the organization.
Overall, Capitalplus Exchange Corporation shows a commitment to transparency and responsible management, but it faces challenges that may warrant closer attention from potential donors or stakeholders regarding its financial sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Capitalplus Exchange Corporation legitimate?
Capitalplus Exchange Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capitalplus Exchange Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $718,283
Professional Fundraising Fees: $0
Other Salaries and Wages: $104,002
For more financial information, click here
Official website here: www.capplus.org
What is the mission statement of Capitalplus Exchange Corporation?
Capitalplus Exchange Corporation, registered as a nonprofit organization under Section 501(C)(3) of the Internal Revenue Code, operates with charitable and educational purposes. Its mission is to provide capacity-building services at considerably lower costs to financial institutions operating in developing and transitional markets. These institutions primarily serve small businesses, micro enterprises, and underserved communities. The goal is to promote economic development and reduce poverty, thereby benefiting low-income individuals. The organization aims to make a substantial impact, ultimately contributing to the betterment of these communities.
Official website here: www.capplus.org
Who is the CEO of Capitalplus Exchange Corporation?
Lynn Pikholz is the Chairperson And Director of Capitalplus Exchange Corporation. The CEO's salary of Capitalplus Exchange Corporation is $255,853 and their total compensation is $269,797.
Official website here: www.capplus.org
What is the revenue of Capitalplus Exchange Corporation?
Capitalplus Exchange Corporation's revenue in 2022 was $2,822,022.
Official website here: www.capplus.org
Who are the executives of Capitalplus Exchange Corporation and what are their salaries?
The average compensation at Capitalplus Exchange Corporation during 2022 was $274,095. There are 3 employees and 8 volunteers at Capitalplus Exchange Corporation.
Here are 11 key members and their salaries (Capitalplus Exchange Corporation's CEO's salary is $255,853 and their total compensation is $269,797):
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- Compensation: $255,853
- Related: $0
- Other: $13,944
- Compensation: $200,478
- Related: $0
- Other: $59,554
- Compensation: $188,454
- Related: $0
- Other: $0
Official website here: www.capplus.org
Where can I find the form 990 for Capitalplus Exchange Corporation?
Capitalplus Exchange Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.capplus.org
Learn more at the official website: www.capplus.org
Mission Statement of Capitalplus Exchange Corporation
Capitalplus Exchange Corporation, a nonprofit organization registered under Section 501(C)(3) of the Internal Revenue Code, operates primarily for charitable and educational purposes. Its mission is to make capacity-building services readily available at significantly reduced costs to financial institutions operating in developing and transitional markets. These financial institutions cater to small businesses, micro-enterprises, and underserved communities. By providing these services at an affordable price, Capitalplus Exchange Corporation aims to promote economic development and contribute to poverty reduction. Ultimately, the organization seeks to benefit low-income individuals by supporting the growth of businesses and communities that serve them.
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Impact
October, 2024
Capitalplus Exchange Corporation significantly impacts economic development and poverty reduction in developing and transitional markets by enhancing the capabilities of financial institutions that serve small businesses, micro-enterprises, and underserved communities. Through its capacity-building services, Capitalplus provides essential tools and resources that help these institutions improve their internal operations, lending methodologies, and risk management practices.
By focusing on client-driven processes, Capitalplus ensures that financial institutions can effectively address the specific needs of the communities they serve. This tailored approach facilitates the development of innovative products and services that enhance access to credit for small businesses, which is crucial for fostering entrepreneurship and economic growth in underserved areas.
In the wake of challenges posed by the COVID-19 pandemic, Capitalplus has adapted its services to support financial institutions in navigating the evolving landscape, further solidifying its role as a vital resource for capacity building. In 2022 alone, the organization assisted twenty microfinance and small business banks in Ghana, demonstrating a tangible commitment to strengthening financial inclusivity and driving positive community improvement.
The ongoing efforts of Capitalplus Exchange Corporation exemplify a targeted approach to economic development, where enhanced financial capacities lead to improved livelihoods and empowerment for low-income individuals and communities.
This information is meant to be a general summary of Capitalplus Exchange Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $887
- Program Service Revenue: $42,686
- Gross Receipts: $2,822,022
Assets and Liabilities:
- Total Assets: $3,193,932
- Total Liabilities: $2,519,978
- Net Assets: $673,954
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$42,686
Organization Details
Founding Year
2003
Phone
(312) 540-1580Principal Officer
Lynn Pikholz
Main Address
8001 LINCOLN AVENUE 201, SKOKIE, IL, 60077
Website
www.capplus.orgNTEE Category
Code: S31 - Community improvement
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