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
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.
Here 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):
- Lynn Pikholz (Ceo And President)
- Rula Dababneh (Treasurer And Coo)
- Lynn Railsback (Secretary And Vice President)
- Eric Friedenwald-Fishman (Chairperson And Director)
- Jennifer Hoffmann (Director)
- Karim Ahamed (Director)
- Cyrille Arnould (Director)
- Nicholas Burnett (Director)
- Nthenya Mule (Director)
- Ishmael Mkhabela (Director)
- Vimbai Tsopotsa (Director)
Official website here: www.capplus.org
Where can I find the form 990 for Capitalplus Exchange Corporation?
The 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.
Impact
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.
Thursday, August 15, 2024
Capitalplus Exchange Corporation has a significant impact by providing capacity-building services to financial institutions in developing and transitional markets that serve small businesses, micro enterprises, and underserved communities. By offering these services at substantially below cost, the organization promotes economic development, poverty reduction, and benefits low-income individuals. Through programs focused on areas such as lending product management, risk management, and new product development, Capitalplus Exchange Corporation helps financial institutions expand their services to marginalized populations. This ultimately leads to strengthened financial capabilities for both the institutions and their clients, furthering the mission of fostering inclusive economic growth and access to financial services.
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.
- Assets and Liabilities:
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) 540-1580
Principal Officer
Lynn Pikholz
Main Address
8001 LINCOLN AVENUE 201, SKOKIE, IL, 60077
Website
www.capplus.org
NTEE Category
Code: S31 - Community improvement
If you are a representative of Capitalplus Exchange Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.