Community Capital Fund
- Assets
- $1.1m
- Revenue
- $959.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Kansas City, MO
- Founding
- 11/2013
- Data as of
- 12/2023
- EIN
- 45-4561134
Organization Overview
Community Capital Fund is located in Kansas City, MO. The organization was established in 2013. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Community Capital Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Capital Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Community Capital Fund generated $959.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $995.9k during the year ending 12/2023. While expenses have increased by 21.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Capital Fund has awarded 64 individual grants totaling $746,598. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE GRANTS, TECHNICAL ASSISTANCE, AND COACHING TO SUPPORT UNDER-RESOURCED NEIGHBORHOODS AND BUSINESSES IN THE GREATER KANSAS CITY METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SUPPORTED LOCAL GOVERNMENTS WITH THEIR GRANT MAKING EFFORTS IN RESPONSE TO COVID-19. THESE EFFORTS ASSISTED 145 SMALL BUSINESSES TO OVERCOME THE EFFECTS OF THE PANDEMIC WHO RECEIVED A TOTAL OF3,145,470 IN GRANTS. THROUGH THE CDBG PROGRAM, SMALL BUSINESSES COVERED THEIR RENT OBLIGATIONS, FREEING RESOURCES TO KEEP 73 FULL AND PART-TIME INDIVIDUALS EMPLOYED. OF THOSE 73 POSITIONS, 82 WERE LOW TO MODERATE-INCOME POSITIONS. THROUGH THE ARPA PROGRAM, 111 BUSINESSES RECEIVED 2,944,000 WHICH ASSISTED BUSINESSES IN USING THESE FUNDS TO COVER PRESSING NEEDS SUCH AS PAYROLL, RENT OR MORTGAGE, OFFSET ECONOMIC LOSSES, COVER BUSINESS IMPROVEMENTS, OR WORKFORCE DEVELOPMENT. THE MAIN USE OF THESE FUNDS WAS TO COVER PAYROLL IN SMALL BUSINESS, IMPACTED INDUSTRIES AND HOTEL BUSINESSES.
IN 2023, WE PROVIDED 237,420 IN GRANTS TO 52 AGENCIES FOR COMMUNITY PROJECTS AND NEIGHBORHOOD REVITALIZATION INITIATIVES THAT HELP BUILD STRONGER AND MORE EFFECTIVE NEIGHBORHOOD ORGANIZATIONS IN LOW TO MODERATE INCOME AREAS THROUGHOUT THE GREATER KANSAS CITY REGION. SINCE 2015, WE HAVE AWARDED GRANTS TO NEIGHBORHOOD ORGANIZATIONS THROUGHOUT THE GREATER KANSAS CITY REGION TOTALING 1,107,857. THESE GRANTS HAVE LEVERAGED 70,194 COMBINED VOLUNTEER HOURS AND HAVE ENGAGED 112,667 PARTICIPANTS RESIDENTS AND STAKEHOLDERS DURING THIS PERIOD.THE PANDEMIC MADE NEIGHBORHOOD LEADERS REALIZE THAT YOUTH PARTICIPATION WAS MISSING FROM THE COLLECTIVE EFFORTS TO IMPROVE THEIR QUALITY OF LIFE AND SURROUNDINGS. WE LAUNCHED A YOUTH NRF PILOT PROGRAM WITH EXCELLENT RESULTS.
THE ORGANIZATION SPONSORED WORKSHOPS FOR NEIGHBORHOOD, GOVERNMENT, AND NONPROFIT LEADERS, RESIDENTS, GRASSROOTS ACTIVISTS, AND OTHER COMMUNITY STAKEHOLDERS FROM BOTH KANSAS AND MISSOURI - A FREE OPPORTUNITY TO LEARN, COLLABORATE, AND BUILD NEW RELATIONSHIPS THAT SUPPORT COMMUNITY DEVELOPMENT. WE HAVE HOSTED THESE WORKSHOPS SINCED 2013.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Hardwick Executive Director | Officer | 40 | $95,488 |
Paige Strack President | OfficerTrustee | 1 | $0 |
Robert Givens Treasurer | OfficerTrustee | 1 | $0 |
Eze Redwood Secretary | OfficerTrustee | 1 | $0 |
Paige Strack Director | Trustee | 1 | $0 |
Ruben Alonso III Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,600 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $398,049 |
| All other contributions, gifts, grants, and similar amounts not included above | $454,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $873,900 |
| Total Program Service Revenue | $82,117 |
| Investment income | $3,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $959,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $335,787 |
| Grants and other assistance to domestic individuals. | $94,110 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,671 |
| Compensation of current officers, directors, key employees. | $98,671 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,695 |
| Pension plan accruals and contributions | $6,159 |
| Other employee benefits | $22,989 |
| Payroll taxes | $27,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,532 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,730 |
| Advertising and promotion | $0 |
| Office expenses | $6,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,436 |
| Travel | $7,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,353 |
| Interest | $3,900 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $535 |
| Insurance | $0 |
| All other expenses | $10,096 |
| Total functional expenses | $995,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $918,922 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,037 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,351 |
| Net Land, buildings, and equipment | $839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,000 |
| Intangible assets | $0 |
| Other assets | $71,242 |
| Total assets | $1,050,391 |
| Accounts payable and accrued expenses | $46,499 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $483,194 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $71,242 |
| Total liabilities | $600,935 |
| Net assets without donor restrictions | $449,456 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,050,391 |
Grants Awarded
Over the last fiscal year, Community Capital Fund has awarded $37,170 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BCJH PURPOSE: COVID Relief | $15,000 |
THE CULTURE HOUSE PURPOSE: COVID Releif | $6,286 |
VALCOR RESTAURANTS LLC PURPOSE: COVID Relief | $8,884 |
WESTSIDE COMMUNITY ACTION NETWORK PURPOSE: Community Development | $7,000 |