Overview
What is Social Capital Fund?
The Social Capital Fund, situated in Providence, Rhode Island, serves as a supporting entity for its parent organization, the Capital Good Fund. Its primary role involves managing the organization's growing small-dollar personal loan portfolio, ensuring efficient and convenient service for customers while yielding strong prepayment rates. The Social Capital Fund's mission is aligned with its parent organization, aiming to contribute to its activities and promote its objectives. In summary, the Social Capital Fund plays a crucial role in supporting and enhancing the operations of Capital Good Fund by managing its loan portfolio, thereby contributing to the organization's overall success.
Official website here: www.socialcapitalfund.org
Is Social Capital Fund legitimate?
Social Capital Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Social Capital Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.socialcapitalfund.org
What is the mission statement of Social Capital Fund?
The Social Capital Fund's mission is centered around supporting the activities of its parent organization, the Capital Good Fund. In essence, it assists in enhancing the efficiency and convenience of the Capital Good Fund's growing small-dollar personal loan portfolio, resulting in favorable prepayment rates for the organization. By doing so, the Social Capital Fund contributes to the broader objectives and initiatives of its parent organization.
Official website here: www.socialcapitalfund.org
Who is the CEO of Social Capital Fund?
Andrew Posner is the Director of Social Capital Fund. The CEO's salary of Social Capital Fund is $0 and their total compensation is $97,850.
Official website here: www.socialcapitalfund.org
What is the revenue of Social Capital Fund?
Social Capital Fund's revenue in 2022 was $577,819.
Official website here: www.socialcapitalfund.org
Who are the executives of Social Capital Fund and what are their salaries?
Here are 6 key members and their salaries (Social Capital Fund's CEO's salary is $0 and their total compensation is $97,850):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $95,000
- Other: $2,850
- Compensation: $0
- Related: $128,125
- Other: $6,875
Official website here: www.socialcapitalfund.org
Where can I find the form 990 for Social Capital Fund?
Social Capital Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.socialcapitalfund.org
Learn more at the official website: www.socialcapitalfund.org
Mission Statement of Social Capital Fund
Social Capital Fund, as an organization, is dedicated to supporting the activities of its parent body, the Capital Good Fund. In essence, its mission is to facilitate and enhance the operations of the Capital Good Fund, ensuring efficiency and favorable outcomes for its small-dollar personal loan portfolio. The Fund plays a crucial role in providing a convenient customer experience while securing strong prepayment rates for the organization. This mission is pivotal in the broader context of the financial sector, contributing to the stability and success of its parent organization.
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Impact
October, 2024
Social Capital Fund plays a vital role in enhancing the efficiency and convenience of the Capital Good Fund's small-dollar personal loan offerings. By servicing this growing portfolio, the fund ensures that customers have accessible financial solutions tailored to their needs. This support not only streamlines operations but also contributes to high prepayment rates, reflecting strong customer satisfaction and financial health for the organization. Operating out of Providence, RI, Social Capital Fund's efforts directly bolster the mission of its parent organization, facilitating the delivery of essential financial services to underserved communities. Through these initiatives, it fosters a more inclusive economic environment, enabling individuals to achieve greater financial stability and empowerment.
This information is meant to be a general summary of Social Capital Fund. 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: $17,619
- Program Service Revenue: $560,200
- Gross Receipts: $577,819
Assets and Liabilities:
- Total Assets: $2,824,110
- Total Liabilities: $8,680,141
- Net Assets: -$5,856,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICE
Revenue
$560,200
Organization Details
Founding Year
2016
Phone
(866) 584-3651Principal Officer
Andrew Posner
Main Address
333 SMITH STREET, PROVIDENCE, RI, 02908
Website
www.socialcapitalfund.orgNTEE Category
Code: T19 - Philanthropy
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