Capitalplus Exchange Corporation

Nonprofit profile at a glance

EIN
300199985
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Skokie, IL, USA
Phone
3125401580
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Reported finances

Revenue
$1,915,652
Expenses
$2,404,138
Assets
$6,537,507
Liabilities
$6,248,007

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • LYNN PIKHOLZ (PRESIDENT & CEO)
  • LYNN RAILSBACK (SECRETARY & VICE PRESIDENT)

Highest reported compensation

  • RULA DABABNEH (TREASURER & COO): $243,833 total reported compensation
  • LYNN PIKHOLZ (PRESIDENT & CEO): $243,407 total reported compensation
  • LYNN RAILSBACK (SECRETARY & VICE PRESIDENT): $133,322 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Capitalplus exchange corporation ("capplus or "the organization") is registered as a nonprofit corporation within the meaning of section 501(c)(3) of the internal revenue service code of 1986, as amended. The organization operates exclusively for charitable and educational purposes, to make capacity-building services available at substantially below cost to financial institutions in developing and transitional markets that serve small businesses, micro-enterprises, and underserved communities, to promote economic development, poverty reduction and otherwise benefit low-income persons.

What it reported doing in 2024

Capacity building: this program builds financial institutions' internal capability to expand services to underserved populations. Capplus uses a transparent and client-driven process, ensuring that clients' capacity building needs are met and the new practices, policies, and products are embedded within the organization. Typical areas of capacity building include: lending product and methodology management, risk management, human resource management, new product development and innovation, pioneering new partnerships for services' delivery, and improved operations and enhanced efficiencies, as well as strengthening the financial capabilities of their clients. Some client financial institutions are required to pay for a small portion of the cost. At this time, capacity building services are focused on helping financial institutions adjust to all the changes in their businesses as a result of covid 19, in addition to our ongoing efforts to expand small businesses' access to credit. During 2024, capplus provided one-to-one capacity building to approximately 15 microfinance and small business banks and group-based capacity building to 120 additional financial institutions, primarily in ghana.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 54
  • Accountability: 100
  • Sustainability: 26
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.7%; rating input score 100
  • Program expense ratio: 79.5%; rating input score 79
  • Fundraising efficiency: $9.44 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -25.5%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 2.72; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.96; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 28.5%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: -1.3% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -4.7% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -10.1% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 99.7% of revenue deployed · 79.5% of spending went to programs
  • Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $1.9M in reported program spending
  • Leadership: top reported pay $244K · 12 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, foreign activity, and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.