CAPITAL SISTERS INTERNATIONAL INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CAPITAL SISTERS INTERNATIONAL INC (EIN 20-0458807)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-15
- IRS object ID
- 202401369349306185
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-15T11:57:22-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 455297192 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RYAN GUNSAULS & O'DONNELL LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5590 E YALE AVE SUITE 201 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80222 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200458807 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAPITAL SISTERS INTERNATIONAL INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CAPI | BusinessNameControlTxt |
| Phone | 7207781717 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 16TH ST C310 | AddressLine1Txt |
| City | GOLDEN | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PATRICIA F HINNEN | PersonNm |
| Person Title | CEO/PRESIDENT | PersonTitleTxt |
| Phone | 7204273348 | PhoneNum |
| Signature | 2024-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PATRICIA | PersonFirstNm |
| Person Last | HINNEN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ELIZABETH B MOORE CPA MTX | PreparerPersonNm |
| PTIN | P00292689 | PTIN |
| Phone | 3037585558 | PhoneNum |
| Preparation | 2024-05-14 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PATRICIA FOLEY HINNEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 16TH ST C310 | AddressLine1Txt |
| City | GOLDEN | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $300,915 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CAPITALSISTERS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE GRANTS, LOANS, AND LOAN GUARANTEES TO ASSIST THE MICROFINANCE INDUSTRY IN MAKING MICRO LOANS TO IMPOVERISHED WOMEN AND TO PROVIDE DONORS AND INVESTORS AN OPPORTUNITY TO MAKE TARGETED INVESTMENTS IN POVERTY ALLEVIATION THROUGH MICROFINANCE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 4 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 2 | VotingMembersIndependentCnt |
| Total Employee | 4 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $310,012 | PYContributionsGrantsAmt |
| CY Contributions Grants | $265,163 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $998 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,572 | CYInvestmentIncomeAmt |
| PY Other Revenue | $60,209 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $371,219 | PYTotalRevenueAmt |
| CY Total Revenue | $270,735 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $12,582 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $19,715 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $163,833 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $170,700 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $28,840 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $49,085 | PYOtherExpensesAmt |
| CY Other Expenses | $52,617 | CYOtherExpensesAmt |
| PY Total Expenses | $225,500 | PYTotalExpensesAmt |
| CY Total Expenses | $243,032 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $145,719 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $27,703 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,165,168 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,211,068 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $742,107 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $760,304 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $423,061 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $450,764 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROVIDE GRANTS, LOANS, AND LOAN GUARANTEES TO ASSIST THE MICROFINANCE INDUSTRY IN MAKING MICRO LOANS TO IMPOVERISHED WOMEN AND TO PROVIDE DONORS AND INVESTORS AN OPPORTUNITY TO MAKE TARGETED INVESTMENTS IN POVERTY ALLEVIATION THROUGH MICROFINANCE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $115,224 | ExpenseAmt |
| Grant | $19,715 | GrantAmt |
| Desc | INVESTMENT PROGRAM: RAISE IMPACT INVESTMENT FUNDS FOR MICROFINANCE ORGANIZATIONS WHO LEND THAT CAPITAL TO IMPOVERISHED WOMEN IN DEVELOPING COUNTRIES SO THEY CAN START OR BUILD A MICRO ENTERPRISE. CAPITAL SISTERS INTERNATIONAL FINANCES ITS SOCIAL INVESTMENT FUND BY SELLING $1,000 ZERO-INTEREST BONDS TO THE GENERAL PUBLIC AND LENDS THE PROCEEDS (WITH ZERO INTEREST) TO MICROFINANCE INSTITUTIONS WHOSE MISSIONS ARE ALIGNED WITH THAT OF CAPITAL SISTERS AND WHO SATISFY OUR OTHER LENDING CRITERIA.WHEN OUR MICROFINANCE PARTNERS REPAY THE ZERO INTEREST LOANS, CAPITAL SISTERS REPAYS ITS INVESTORS. AS THE CREATOR OF THE WORLD'S FIRST PERSON-TO-PERSON LENDING MODEL AND THE WORLD'S FIRST WOMEN'S BOND, CAPITAL SISTERS IS PIONEERING AN ALTERNATIVE TO (SEE SCHEDULE O) (CONTINUED) TRADITIONAL CHARITY MODELS WHERE RESOURCES ARE DEPLETED AS SERVICES ARE DELIVERED. IN USING A "BLENDED FINANCE" MODEL, CAPITAL SISTERS DEFINES ITS IMPACT BY "LOANS MADE AND REPAID", NOT RESOURCES EXPENDED AS IS DONE BY TRADITIONAL CHARITIES. UNFORTUNATELY, THE IMPACT CREATED BY OUR LENDING PORTFOLIO, WHICH COMPRISES THE VAST MAJORITY OF OUR RESOURCES AND ACTIVITIES, IS NOT COUNTED AS IMPACT IN THE PROGRAM SERVICES SECTION OF THE 990, WHICH WAS DESIGNED FOR TRADITIONAL CHARITIES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $13,353 | ExpenseAmt |
| Desc | EDUCATION AND ADVOCACY PROGRAM: EDUCATE PUBLIC AND PRIVATE COMMUNITIES REGARDING THE IMPACT OF MICROFINANCE ADVOCATE FOR MORE ENABLING PUBLIC POLICY FOR THE MICROFINANCE INDUSTRY, AND PROMOTE GENDER LENS INVESTING. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $19,715 | ExpenseAmt |
| Desc | GRANTS PROGRAM: PROVIDE GRANTS TO ASSIST THE MICROFINANCE INDUSTRY IN MAKING MICRO LOANS TO IMPOVERISHED WOMEN. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $148,292 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 4 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 4 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 2 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PATRICIA FOLEY HINNEN | PersonNm |
| Phone | 7207781717 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 16TH ST SUITE C310 | AddressLine1Txt |
| City | GOLDEN | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| LARRY GREENWOOD | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| PATRICIA FOLEY HINNEN | |||||||
| PRESIDENT | 40.00 | Yes (X) | $0 | $0 | $0 | 5.00 | Yes (X) |
| CINDY LINDSAY | |||||||
| TREASURER | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| BRITT HINNEN | |||||||
| SECRETARY | 3.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $265,163 | GovernmentGrantsAmt |
| Total Contributions | $265,163 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,303 | TotalRevenueColumnAmt |
| Exclusion | $5,303 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $30,449 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $30,180 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $269 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $269 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $269 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $270,735 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $269 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,303 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,715 | TotalAmt |
| Program Services | $19,715 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,953 | TotalAmt |
| Program Services | $94,052 | ProgramServicesAmt |
| Management And General | $37,417 | ManagementAndGeneralAmt |
| Fundraising | $19,484 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,808 | TotalAmt |
| Program Services | $5,827 | ProgramServicesAmt |
| Management And General | $1,233 | ManagementAndGeneralAmt |
| Fundraising | $1,748 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,939 | TotalAmt |
| Program Services | $6,798 | ProgramServicesAmt |
| Management And General | $2,806 | ManagementAndGeneralAmt |
| Fundraising | $1,335 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,800 | TotalAmt |
| Program Services | $798 | ProgramServicesAmt |
| Management And General | $2,736 | ManagementAndGeneralAmt |
| Fundraising | $266 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,800 | TotalAmt |
| Program Services | $3,362 | ProgramServicesAmt |
| Management And General | $11,564 | ManagementAndGeneralAmt |
| Fundraising | $874 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,883 | TotalAmt |
| Program Services | $4,118 | ProgramServicesAmt |
| Management And General | $1,177 | ManagementAndGeneralAmt |
| Fundraising | $588 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,704 | TotalAmt |
| Program Services | $2,258 | ProgramServicesAmt |
| Management And General | $2,117 | ManagementAndGeneralAmt |
| Fundraising | $329 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,033 | TotalAmt |
| Program Services | $2,722 | ProgramServicesAmt |
| Management And General | $922 | ManagementAndGeneralAmt |
| Fundraising | $389 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,919 | TotalAmt |
| Program Services | $1,685 | ProgramServicesAmt |
| Management And General | $806 | ManagementAndGeneralAmt |
| Fundraising | $428 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,267 | TotalAmt |
| Management And General | $2,267 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MISCELLANEOUS | $4,651 | $1,109 | $2,104 | $1,438 |
| PRINTING AND POSTAGE | $4,452 | $2,241 | $338 | $1,873 |
| EVENTS | $1,650 | $1,650 | ||
| MEMBERSHIPS | $1,489 | $1,489 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $969 | TotalAmt |
| Program Services | $468 | ProgramServicesAmt |
| Management And General | $413 | ManagementAndGeneralAmt |
| Fundraising | $88 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,032 | TotalAmt |
| Program Services | $148,292 | ProgramServicesAmt |
| Management And General | $65,900 | ManagementAndGeneralAmt |
| Fundraising | $28,840 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,866 | BOYAmt |
| EOY | $23,872 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $286,368 | BOYAmt |
| EOY | $379,576 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65 | BOYAmt |
| EOY | $5,001 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,869 | BOYAmt |
| EOY | $2,619 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,385 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,385 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $800,000 | BOYAmt |
| EOY | $800,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,165,168 | BOYAmt |
| EOY | $1,211,068 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,107 | BOYAmt |
| EOY | $16,304 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,000 | BOYAmt |
| EOY | $15,000 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,000 | BOYAmt |
| EOY | $85,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $625,000 | BOYAmt |
| EOY | $644,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $742,107 | BOYAmt |
| EOY | $760,304 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $423,061 | BOYAmt |
| EOY | $440,764 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $10,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $423,061 | BOYAmt |
| EOY | $450,764 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,165,168 | BOYAmt |
| EOY | $1,211,068 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $27,703 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $313,269 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $278,818 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $269,309 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $310,012 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $265,163 | CurrentTaxYearAmt |
| Total | $1,436,571 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $313,269 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $278,818 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $269,309 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $310,012 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $265,163 | CurrentTaxYearAmt |
| Total | $1,436,571 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $303,199 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,133,372 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $671 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $996 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $15 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $998 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,303 | CurrentTaxYearAmt |
| Total | $7,983 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $60,209 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $269 | CurrentTaxYearAmt |
| Total | $60,478 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,505,032 | TotalSupportAmt |
| Public Support CY170 | 0.75310 | PublicSupportCY170Pct |
| Public Support PY170 | 0.74540 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,385 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,385 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NOTES RECEIVABLE | Desc |
| Book Value | $800,000 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $800,000 | TotalBookValueProgramRltdAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $617,413 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $346,678 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $346,678 | RevenueNotReportedAmt |
| Revenue Subtotal | $270,735 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $270,735 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $589,710 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $346,678 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $346,678 | ExpensesNotReportedAmt |
| Expenses Subtotal | $243,032 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $243,032 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION IS, HOWEVER, SUBJECT TO INCOME TAX ON ANY UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED TAXABLE INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF INCOME TAXES. IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, THE ORGANIZATION APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. THE ORGANIZATION ANALYZED ITS TAX POSITIONS TAKEN ON THEIR FEDERAL TAX RETURNS FOR THE OPEN TAX YEARS 2020 THROUGH 2022. BASED ON THEIR ANALYSIS, THE ORGANIZATION DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AND THAT THE ORGANIZATION SHOULD PREVAIL UPON EXAMINATION BY TAXING AUTHORITIES. | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (11 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan To OrganizationLoanToOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd | Loan From OrganizationLoanFromOrganizationInd |
|---|---|---|---|---|---|---|---|---|
| PATRICIA FOLEY AND BRITT HINNEN | ||||||||
| DIRECTORS/OFFICERS | SEE PART V | Yes (X) | $2,000 | $2,000 | 0 | 0 | Yes (1) | |
| CINDY LINDSAY | ||||||||
| DIRECTOR/OFFICER | SEE PART V | Yes (X) | $22,000 | $22,000 | 0 | 0 | Yes (1) | |
| (no name) | ||||||||
| $0 | 0 | 0 | 0 | Yes (X) | ||||
| DANE HINNEN | ||||||||
| FAMILY OF DIRECTOR/OFFICER | SEE PART V | Yes (X) | $1,000 | $1,000 | 0 | 0 | Yes (1) | |
| BETH HINNEN | ||||||||
| FAMILY OF DIRECTOR/OFFICER | SEE PART V | Yes (X) | $5,000 | $5,000 | 0 | 0 | Yes (1) | |
| TERI SCHWARTZ | ||||||||
| DIRECTOR/OFFICER | SEE PART V | Yes (X) | $1,000 | $1,000 | 0 | 0 | Yes (1) | |
| STEPHANIE BOYLES | ||||||||
| DIRECTOR/OFFICER | SEE PART V | Yes (X) | $15,000 | $15,000 | 0 | 0 | Yes (1) | |
| PAM BROWN | ||||||||
| DIRECTOR/OFFICER | SEE PART V | Yes (X) | $10,000 | $10,000 | 0 | 0 | Yes (1) | |
| MARY ZINN | ||||||||
| DIRECTOR EMERITUS | SEE PART V | Yes (X) | $6,000 | $6,000 | 0 | 0 | Yes (1) | |
| STEPHEN SHEAFOR | ||||||||
| FAMILY OF DIRECTOR/OFFICER | SEE PART V | Yes (X) | $22,000 | $22,000 | 0 | 0 | Yes (1) | |
| COLE AND JANA HINNEN | ||||||||
| FAMILY OF DIRECTOR/OFFICER | SEE PART V | Yes (X) | $1,000 | $1,000 | 0 | 0 | Yes (1) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $85,000 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SUPPLEMENTAL INFORMATION | EACH OF THE REPORTED TRANSACTIONS IS THE PURCHASE OF ZERO-INTEREST BONDS ISSUED BY THE ORGANIZATION FOR THE PURPOSE OF FUNDING ITS CORE MISSION OF MAKING LOANS TO MICROFINANCE ORGANIZATIONS. ALL BONDS ISSUED HOLD THE SAME TERMS AND THE DIRECTORS, OFFICERS AND STAFF HAVE NO RIGHTS OR BENEFITS THAT DIFFER FROM ANY OTHER INVESTORS. THE ORGANIZATION CONSIDERS IT DESIRABLE FOR ITS DIRECTORS, OFFICERS AND STAFF, AND FAMILY MEMBERS TO PURCHASE THE BONDS AS A SIGN OF CONFIDENCE IN ITS INVESTMENT PROGRAM. |
| FORM 990, SCHEDULE L, PART II, COLUMN (B) | DANE HINNEN, BETH HINNEN, STEPHEN SHEAFOR, AND COLE AND JANA HINNEN ARE FAMILY MEMBERS OF DIRECTORS/OFFICERS OF THE ORGANIZATION. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART IV, LINE 26 | EACH OF THE REPORTED TRANSACTIONS IS THE PURCHASE OF ZERO-INTEREST BONDS ISSUED BY THE ORGANIZATION FOR THE PURPOSE OF FUNDING ITS CORE MISSION OF MAKING LOANS TO MICROFINANCE ORGANIZATIONS. ALL BONDS ISSUED HOLD THE SAME TERMS AND THE DIRECTORS AND OFFICERS HAVE NO RIGHTS OR BENEFITS THAT DIFFER FROM ANY OTHER INVESTORS. THE ORGANIZATION CONSIDERS IT DESIREABLE FOR ITS OFFICERS AND DIRECTORS TO PURCHASE BONDS AS A SIGN OF CONFIDENCE IN ITS INVESTMENT PROGRAM. |
| FORM 990, PART VI, SECTION A, LINE 2 | PATRICIA FOLEY HINNEN, PRESIDENT, IS MARRIED TO BRITT HINNEN, SECRETARY. NEITHER INDIVIDUAL RECEIVES COMPENSATION FROM THE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | A THIRD PARTY ACCOUNTING FIRM PREPARES THE DRAFT 990, WHICH IS THEN REVIEWED BY MANAGEMENT. THE FINAL DRAFT 990 IS SUBMITTED TO THE BOARD FOR REVIEW AND COMMENT, AND REVISED IF NECESSARY, PRIOR TO SUBMISSION. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS REVIEWED PERIODICALLY BY THE BOARD AND COMPLIANCE FORMS ARE SUBMITTED ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION'S CEO WORKS ON A PRO BONO BASIS BUT HER NOTIONAL SALARY WAS DEVELOPED AND APPROVED BY THE INDEPENDENT DIRECTORS OF THE BOARD AND BASED ON COMPARABLE INDUSTRY DATA. THE ORGANIZATION HAS NO EMPLOYEES WHO WOULD BE CLASSIFIED AS KEY EMPLOYEES BASED ON SALARY LEVEL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX | CAPITAL SISTERS' PRIMARY PROGRAM IS TO FUND MICRO LOANS WITH INVESTMENT CAPITAL. THE CAPITAL WE HAVE INVESTED IN THE FIELD IS THE BEST REPRESENTATION OF OUR IMPACT, YET THIS IS NOT ILLUSTRATED AS PROGRAM IMPACT IN THE FORM 990. DURING THE CURRENT YEAR, WE FUNDED $800,000 OF NEW MICRO LOANS IN GUATEMALA AND THE PHILIPPINES. IF INVESTMENT RESOURCES WERE COUNTED TOWARDS PROGRAM SERVICES/IMPACT ON THE FORM 990, THE SHARE OF PROGRAM SERVICES WOULD INCREASE FROM 61% TO 90% OF THE ORGANIZATION'S RESOURCE FOOTPRINT. THE ORGANIZATION'S PROGRAM SERVICES HAVE CONSISTENTLY REPRESENTED 90% OR MORE OF THE ORGANIZATION'S OUTLAYS OVER THE PAST 5 YEARS, AND AN AVERAGE OF 88% OVER THE LAST DECADE OF THE FUND'S 12-YEAR HISTORY. THIS DEMONSTRATES THE DILEMMA FACED BY NON-PROFIT INVESTMENT FUNDS WHEN REPORTING THEIR IMPACT ON THE FORM 990. PROGRAM RELATED INVESTMENTS DO NOT COUNT AS IMPACT BECAUSE THE FUNDS ARE LOANED AND NOT EXPENDED, EVEN IF INVESTING IS THE ORGANIZATION'S CORE MISSION. THE STATEMENT OF FUNCTIONAL EXPENSES IN PART IX ALSO DOES NOT INCLUDE $346,678 OF IN-KIND EXPENSES, APPROXIMATELY 85% ($294,676) OF WHICH ARE PROGRAM RELATED. THE ORGANIZATION'S ANNUAL AUDITS DO CREDIT PRO BONO ITEMS TOWARDS THE PROGRAM SERVICES RATIO. ACCORDING TO THE 2023 AUDIT, THE PROGRAM RELATED EXPENSES FOR 2023 REPRESENT 76% OF TOTAL EXPENSES, NOT 61% AS REPORTED ON THIS FORM 990. IN-KIND EXPENSES INCLUDE THE CEO'S ENTIRE SALARY (70% OF WHICH IS PROGRAM RELATED) AND LEGAL COUNSEL IN SUPPORT OF THE PROGRAM RELATED INVESTMENTS. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |
| FORM 990, PART XI | CAPITAL FRIENDS INTERNATIONAL, INC. IS THE SUPPORTING ORGANIZATION FOR CAPITAL SISTERS INTERNATIONAL INC, AND ITS SOLE PURPOSE IS TO RAISE FUNDS FOR CAPITAL SISTERS. CAPITAL SISTERS CONTROLS CAPITAL FRIENDS AND AS SUCH IT NORMALLY REPORTS THE FINANCIAL ACCOUNTS OF THE TWO ORGANIZATIONS ON A CONSOLIDATED BASIS. AT THE END OF 2023 CAPITAL FRIENDS HAD $84,894 OF NET ASSETS. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAPITAL FRIENDS INTERNATIONAL INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 227 LAMB LN | AddressLine1Txt |
| City | GOLDEN | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202224943 | EIN |
| Primary Activities | SUPPORT CAPITAL SISTERS INTERNATIONAL INC | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 11 - TYPE 1 | PublicCharityStatusTxt |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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