Capital Impact Partners
- Assets
- $691.8m
- Revenue
- $69.4m
- Investments
- $3.3m
- Employees
- 183
- Location
- Arlington, VA
- Founding
- 04/1985
- Data as of
- 12/2023
- EIN
- 52-1290127
Organization Overview
Capital Impact Partners is located in Arlington, VA. The organization was established in 1985. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Capital Impact Partners employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Impact Partners 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, Capital Impact Partners generated $69.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $73.6m during the year ending 12/2023. While expenses have increased by 10.4% 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 2014, Capital Impact Partners has awarded 328 individual grants totaling $47,452,343. 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
THROUGH CAPITAL AND COMMITMENT, CAPITAL IMPACT PARTNERS HELPS BUILD (PLEASE GO TO SCHEDULE O) INCLUSIVE AND EQUITABLE COMMUNITIES BY PROVIDING PEOPLE ACCESS TO THE CAPITAL AND OPPORTUNITIES THEY DESERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL LOAN PROGRAM:CAPITAL IMPACT PARTNERS PROVIDES LOANS AND FINANCIAL SERVICES TO BORROWERS THAT HAVE BEEN HISTORICALLY UNDER-INVESTED IN. PROJECTS FINANCED FOCUS ON PROVIDING GOODS AND SERVICES TO LOW INCOME AND ECONOMICALLY DISADVANTAGED POPULATIONS.
GROWING DIVERSE HOUSING DEVELOPERS PROGRAM:ACTING AS THE LEAD CDFI, CIP, ALONG WITH LOW INCOME INVESTMENT FUND AND REINVESTMENT FUND, WAS AWARDED $30 MILLION BY WELLS FARGO IN 2021 AS PART OF THEIR GROWING DIVERSE HOUSING DEVELOPERS INITIATIVE. THE PROGRAM KICKED OFF IN MAY OF 2022, WITH THE GOAL TO INCREASE THE SUPPLY OF HOMES THAT ARE AFFORDABLE AND TO SUPPORT THE SUSTAINED GROWTH AND FINANCIAL INDEPENDENCE OF EXPERIENCED DEVELOPMENT FIRMS THAT ARE LED BY PEOPLE OF COLOR. OVER THE COURSE OF THE 4 YEAR PROGRAM, 27 PARTICIPANTS OF COLOR - 81% BLACK OR AFRICAN AMERICAN, 15% LATINX/HISPANIC, & 4% ASIAN/PACIFIC ISLANDER - FROM 6 CORE GEOGRAPHIES (NY, PA, DMV, GA, TX, & CA), WILL RECEIVE MONTHLY LEARNING SESSIONS, ACCESS TO MENTORS AND ADVISORS, FLEXIBLE CAPITAL, AND INCREASED ACCESS TO INDUSTRY CONNECTIONS AND RESOURCES. THESE PROGRAM SUPPORTS ARE DESIGNED TO HELP EXPERIENCED DEVELOPMENT FIRMS LED BY PEOPLE OF COLOR GROW THEIR CAPACITY AND EXPAND THEIR AFFORDABLE HOUSING PRODUCTION INTO THE FUTURE. TO DATE, THE PROGRAM HAS DEPLOYED $14.3 MILLION IN ENTERPRISE-LEVEL GRANTS, AND THE CDFI PARTNERS HAVE COLLECTIVELY CLOSED ALMOST $76 MILLION IN PROJECT LOANS TO PARTICIPANTS.
EQUITABLE DEVELOPMENT INITIATIVE THE EQUITABLE DEVELOPMENT INITIATIVE (EDI) COMBINES CAPITAL IMPACT'S ROLE AS A PROVIDER OF CATALYTIC CAPITAL AND ITS DEVELOPMENT EXPERTISE INTO A PROGRAM THAT SUPPORTS LOCAL DEVELOPERS OF COLOR WITH FORMALIZED TECHNICAL ASSISTANCE AND DEVELOPMENT FINANCING. THE PROGRAM AIMS TO BUILD SKILLS OF MINORITY DEVELOPERS, STRENGTHEN THEIR BUSINESSES, AND BUILD THEIR WEALTH. AS OF YEAR END 2023, THE DETROIT PROGRAM HAS GRADUATED 117 PARTICIPANTS; THE DMV PROGRAM HAS GRADUATED 69 PARTICIPANTS AS OF YEAR END. AS OF YEAR END 2023, EDI COHORTS IN DALLAS AND THE SAN FRANCISCO BAY AREA, SERVED 15 AND 24 DEVELOPERS RESPECTIVELY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellis Carr President & CEO | OfficerTrustee | 20 | $862,564 |
Pedro Goitia Director | Trustee | 1 | $5,000 |
Oswaldo Acosta Director | Trustee | 1 | $5,000 |
Jennifer Smith Dolin Director | Trustee | 1 | $6,250 |
L Ray Moncrief Director | Trustee | 1 | $2,500 |
Dan Varner Director | Trustee | 1 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pillsbury Winthrop Shaw Legal Service Fee | 12/30/23 | $1,508,630 |
Cohnreznick Llp Audit And Tax Services | 12/30/23 | $603,990 |
Excella Inc Contractual Services | 12/30/23 | $592,533 |
New Majority Capital Management Llc Investment Referral Fee | 12/30/23 | $563,840 |
Spencer Stuart Professional Services | 12/30/23 | $300,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,945,484 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,945,484 |
| Total Program Service Revenue | $32,939,843 |
| Investment income | $6,940,921 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $149,227 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,443,542 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,536,832 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,154,648 |
| Compensation of current officers, directors, key employees. | $710,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,390,212 |
| Pension plan accruals and contributions | $1,730,565 |
| Other employee benefits | $1,933,022 |
| Payroll taxes | $1,384,325 |
| Fees for services: Management | $306,468 |
| Fees for services: Legal | $796,247 |
| Fees for services: Accounting | $339,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $99,776 |
| Fees for services: Other | $3,852,824 |
| Advertising and promotion | $0 |
| Office expenses | $820,456 |
| Information technology | $1,128,570 |
| Royalties | $0 |
| Occupancy | $1,261,229 |
| Travel | $840,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,489,064 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,732 |
| Insurance | $344,740 |
| All other expenses | $0 |
| Total functional expenses | $73,642,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,673,549 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,144,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $519,727,352 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,261,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,266,826 |
| Investments—program-related | $95,210,432 |
| Intangible assets | $0 |
| Other assets | $11,496,851 |
| Total assets | $691,780,333 |
| Accounts payable and accrued expenses | $9,567,252 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $508,816,419 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,727,519 |
| Total liabilities | $540,111,190 |
| Net assets without donor restrictions | $106,347,816 |
| Net assets with donor restrictions | $45,321,327 |
| 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 | $691,780,333 |
Grants Awarded
Over the last fiscal year, Capital Impact Partners has awarded $18,532,562 in support to 97 organizations.
| Grant Recipient | Amount |
|---|---|
LOW INCOME INVESTMENT FUND PURPOSE: FOR CAPACITY BUILDING AND BUSINESS GROWTH | $3,599,333 |
CDC SMALL BUSINESS FINANCE CORP PURPOSE: FOR CAPACITY BUILDING AND BUSINESS GROWTH | $2,498,408 |
A-PEACE LLC PURPOSE: TO SUPPORT AND PROMOTE AFFORDABLE AND WORKFORCE HOUSING ACROSS THE DC/MD/VA REGION | $450,000 |
THE REINVESTMENT FUND PURPOSE: FOR CAPACITY BUILDING AND BUSINESS GROWTH | $3,599,333 |
VITIS INVESTMENTS LLC PURPOSE: FOR CAPACITY BUILDING AND BUSINESS GROWTH | $410,000 |
MEDICI ROAD INC PURPOSE: TO SUPPORT AND PROMOTE AFFORDABLE AND WORKFORCE HOUSING ACROSS THE DC/MD/VA REGION | $343,395 |