Capital Impact Partners
77% goes to programs $8 to raise $100 Strong reserves Growing revenue
Capital Impact Partners is a 501(c)(3) organization based in Arlington, Virginia, registered in 1985, with $69,443,542 in FY2023 revenue. CharityIndex grades it B+, and it directs about 77% of spending to programs.
1400 Crystal Dr Ste 500, Arlington, VA, 22202 EIN 52-1290127 Since 1985
Revenue (FY2023)
$69.4M
▲ 10.7% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$73.6M
Net assets
$151.7M
Employees
183
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating77% to programs · $8 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Capital Impact Partners: 77% to programs · $8 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating25 mo reserves · -6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Capital Impact Partners: 25 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Capital Impact Partners: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Capital Impact Partners: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
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.
Entrepreneurs of color fund:in 2018, capital impact partners received $3.3 million in grant funding from jpmorgan chase to manage the dc-area entrepreneurs of color fund (eocf), allowing capital impact partners to partner with wacif and ledc, dc-area cdfis, to provide capital and capacity building to minority entrepreneurs in the region. in 2021, capital impact partners received an additional $2 million contribution from jpmorgan chase to continue managing eocf. in addition to wacif and ledc, capital impact partnered with city first enterprises (cfe) and the coalition for nonprofit housing and economic development (cnhed) for the second grant round. to date, the partner organizations have leveraged the eocf to deploy $52.8 million, assisting over 2,300 small businesses.
Contact & location
- Address
- 1400 Crystal Dr Ste 500, Arlington, VA, 22202
- City
- Arlington
- State
- Virginia
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $34.7M (FY2014) to $69.4M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $540.1MNet assets $151.7M
Operating margin
-6.0%
Spent more than it raised in the latest fiscal year.
Total assets
$691.8M
Total liabilities
$540.1M
Net assets
$151.7M
Salaries & benefits
$27.6M
37% of expenses
Board members
18
16 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $69,443,542▲10.7% | $73,642,594▲26.1% | $151,669,143▼8.1% | $691,780,333▲18.5% | 990 |
| 2022 | $62,753,327▲12.5% | $58,408,239▲43.8% | $164,996,748▼2.3% | $583,801,509▼2.8% | 990 |
| 2021 | $55,782,044▲1.3% | $40,630,316▲5.9% | $168,893,714▲8.9% | $600,473,548▼1.5% | 990 |
| 2020 | $55,060,420▲63.5% | $38,351,055▲8.2% | $155,037,971▲15.4% | $609,347,116▲2.3% | 990 |
| 2019 | $33,670,577▼24.3% | $35,434,432▲10.9% | $134,323,404▼0.4% | $595,737,995▲11.8% | 990 |
| 2018 | $44,454,555▲86.0% | $31,964,879▲11.9% | $134,892,379▲11.5% | $532,644,184▲15.5% | 990 |
| 2017 | $23,898,985▼5.0% | $28,564,582▲15.4% | $120,980,474▼5.8% | $461,121,437▲57.0% | 990 |
| 2016 | $25,165,702▲17.5% | $24,751,793▼18.2% | $128,361,429▲1.0% | $293,673,217▲16.8% | 990 |
| 2015 | $21,426,105▼38.2% | $30,250,820▲12.5% | $127,044,993▼7.1% | $251,385,700▲3.4% | 990 |
| 2014 | $34,696,546 | $26,896,392 | $136,784,401 | $243,113,575 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Ellis Carr — $862,564 (1.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ellis Carr | President & Ceo | 20 | $862,564 |
| Natalie Gunn | Chief Financial Officer | 20 | $440,449 |
| Raymond Guthrie | Chief Investment Officer | 40 | $429,245 |
| Brian Mcevoy | General Counsel | 20 | $360,194 |
| Matthew Wehland | Chief Operating Officer | 20 | $349,095 |
| Karla Gill | Chief Technology Officer | 20 | $334,830 |
| Jaret Dinard Ings | Senior Director of Finance | 20 | $319,757 |
| Kim Dorsett | Chief Human Resource's Officer | 20 | $308,457 |
| Malinda Christensen | Svp, Community Development | 40 | $292,003 |
| Lauren Counts | Sr Dir, Head of National Programs | 40 | $285,405 |
| Lisa Grammer | Controller | 40 | $253,199 |
| Jason Anderson | Senior Director, Marketing | 40 | $246,424 |
| Masouda Omar | Head of Small Bus & Comm Dev Cr | 40 | $234,286 |
| Kurt Chilcott | Director/consultant | 7 | $212,500 |
| Gary Cunningham | Director | 1 | $6,250 |
| Jennifer Smith Dolin | Director | 1 | $6,250 |
| Alaina Beverly | Director | 1 | $5,000 |
| Casey Fannon | Director | 1 | $5,000 |
| Dan Varner | Director | 1 | $5,000 |
| Erik Caldwell | Director | 1 | $5,000 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Pillsbury Winthrop Shaw | Legal Service Fee | $1,508,630 |
| Cohnreznick LLP | Audit and Tax Services | $603,990 |
| Excella Inc | Contractual Services | $592,533 |
| New Majority Capital Management LLC | Investment Referral Fee | $563,840 |
| Spencer Stuart | Professional Services | $300,500 |
Grants received · $62.2M total
12 grants to Capital Impact Partners totaling $62.2M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Blackbaud Giving Fund | General support | 2024 | $100,000 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $45,000,000 |
| Silicon Valley Community Foundation | Community development | 2023 | $50,000 |
| Austin Community Foundation | Austin small developer training institute | 2023 | $15,000 |
| Opportunity Finance Network | Ofn cdfi tech grant program supported by google.org | 2022 | $500,000 |
| The Blackbaud Giving Fund | General support | 2022 | $100,000 |
| The Blackbaud Giving Fund | General support | 2021 | $100,000 |
| The Blackbaud Giving Fund | General support | 2021 | $100,000 |
| The Chicago Community Trust | General operating support | 2019 | $15,000,000 |
| AARP Foundation | Grant to support aarp foundation's income security program. | 2016 | $200,000 |
| AARP Foundation | Grant to establish "fifty plus impact fund" for organizations serving vulnerable older adults. | 2014 | $996,400 |
| Iff | Reimbursement of legal cost associated with the us treasury's guaranteed bond program | 2014 | $16,000 |
Grants made · $18.5M in FY2023
97 grants totaling $18.5M in FY2023 — showing the 15 largest. All grants made by Capital Impact Partners →
| Recipient | Purpose | Amount |
|---|---|---|
| The Reinvestment Fund | For capacity building and business growth | $3,599,333 |
| Low Income Investment Fund | For capacity building and business growth | $3,599,333 |
| Cdc Small Business Finance Corp | For capacity building and business growth | $2,498,408 |
| A-peace LLC | To support and promote affordable and workforce housing across the dc/md/va region | $450,000 |
| Vitis Investments LLC | For capacity building and business growth | $410,000 |
| Medici Road | To support and promote affordable and workforce housing across the dc/md/va region | $343,395 |
| Medici Road | To support and promote affordable and workforce housing across the dc/md/va region | $334,000 |
| Euclid 1722 LLC | To support and promote affordable and workforce housing across the dc/md/va region | $300,000 |
| Paragon Good Hope | To support and promote affordable and workforce housing across the dc/md/va region | $300,000 |
| Radiant Development Partners LLC | For capacity building and business growth | $277,778 |
| Five Woods Lhpllc | To catalyze business growth and support business success for dc owned food businesses | $222,222 |
| Wiltrust Group LLC | To support and promote affordable and workforce housing across the dc/md/va region | $201,509 |
| Good Places LLC | To catalyze business growth and support business success for dc owned food businesses | $200,000 |
| Georgia 3107 LLC | To support and promote affordable and workforce housing across the dc/md/va region | $200,000 |
| Miller Beach Consulting LLC | To fund acquisition costs for affordable housing in underserved communities | $200,000 |
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Frequently asked questions
- Is Capital Impact Partners a legitimate nonprofit?
- Yes. Capital Impact Partners is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1290127, based in Arlington, Virginia. Donations are tax-deductible.
- What is Capital Impact Partners's EIN?
- Capital Impact Partners's Employer Identification Number (EIN) is 52-1290127.
- How much revenue does Capital Impact Partners report?
- Capital Impact Partners reported $69,443,542 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Capital Impact Partners's spending goes to programs?
- Capital Impact Partners spends about 77% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Capital Impact Partners have?
- CharityIndex grades Capital Impact Partners B+, based on program efficiency and fundraising cost.
- How much does Capital Impact Partners's highest-paid employee make?
- The highest reported compensation on Capital Impact Partners's latest Form 990 is $862,564, paid to Ellis Carr (President & Ceo).
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Data for Capital Impact Partners (EIN 52-1290127) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.