Capital Impact Partners
- Assets
- $600.5m
- Revenue
- $55.8m
- Investments
- $2.0m
- Employees
- 125
- Location
- Arlington, VA
- Founding
- 04/1985
- Data as of
- 12/2021
- 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 12/2021, Capital Impact Partners employed 125 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 12/2021, Capital Impact Partners generated $55.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $40.6m during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 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 172 individual grants totaling $16,032,671. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH CAPITAL AND COMMITMENT, CAPITAL IMPACT PARTNERS HELPS PEOPLE BUILD COMMUNITIES OF OPPORTUNITY THAT BREAK BARRIERS TO SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING:CAPITAL IMPACT PARTNERS BRIDGES THE GAP BETWEEN POLICY AND DEVELOPMENT TO IMPROVE THE LIVES OF LOW-INCOME INDIVIDUALS. CAPITAL IMPACT PARTNERS' EFFORTS IN AFFORDABLE HOUSING FOCUS PRIMARILY ON SUPPORTING MULTIFAMILY DEVELOPMENTS IN MARKETS WHERE AFFORDABLE HOUSING HAS BEEN IDENTIFIED AS A NEED. IN 2021, CAPITAL IMPACT PARTNERS DISBURSED APPROXIMATELY $59.5 MILLION TO AID IN THE RENOVATION OR NEW CONSTRUCTION OF 15 HOUSING COMPLEXES, CREATING 675 UNITS OF HOUSING, APPROXIMATELY NINTEY-ONE PERCENT OF WHICH WERE AFFORDABLE.
HEALTHCARE:CAPITAL IMPACT PARTNERS HAS CREATED INNOVATIVE SOLUTIONS TO SUCCESSFULLY PRESERVE AFFORDABLE HEALTH CARE FOR LOW INCOME COMMUNITIES ACROSS THE COUNTRY. DEDICATED TO DELIVERING VALUE-ADDED SERVICE AND EASE OF PROCESS, WE LEVERAGE OVER 30 YEARS OF EXPERIENCE IN THE MARKET TO CUSTOMIZE APPROPRIATELY STRUCTURED FINANCING FOR OUR BORROWERS. CAPITAL IMPACT PARTNERS UNDERSTANDS THE IMPORTANCE OF ACCESS TO MENTAL HEALTH SERVICES IN ADDITION TO TRADTIONAL HEALTH CARE; THE COMMUNITY CLINICS AND HEALTH CENTERS THAT WE FINANCE FOCUS ON SUBSTANCE ABUSE AND REHABILITATION/BEHAVORIAL CARE IN ADDITION TO PRIMARY CARE AND OTHER PHYSICAL HEALTH SERVICES. WE ALSO PROVIDE FINANCING FOR ADULT DAY HEALTH CARE FACILITIES AND ASSISTED LIVING/CONTINUING CARE FACILITIES. IN 2021, CAPITAL IMPACT PARTNERS DISBURSED APPROXIMATELY $25.5 MILLION TO 11 HEALTH FACILITIES THAT SERVE NEARLY 210,000 PATIENTS ANNUALLY. SEVENTY-SEVEN PERCENT OF PATIENTS SERVED AT THESE FACILITIES ARE LOW INCOME.
EDUCATION:CAPITAL IMPACT PARTNERS HAS BEEN A CHARTER SCHOOL LENDER FOR OVER 20 YEARS AND HAS BECOME A VALUABLE FINANCING SOURCE FOR OUR NATION'S CHARTER SCHOOLS. TO ENSURE THAT LOW COST CAPITAL IS AVAILABLE NATIONWIDE, CAPITAL IMPACT PARTNERS OFFERS (1) CONSTRUCTION AND RENOVATION LOANS, (2) REAL ESTATE ACQUISITION AND TERM LOANS, EQUIPMENT LOANS, AND (3) REVOLVING LINES OF CREDIT. CAPITAL IMPACT PARTNERS CONNECTS ITS BORROWERS TO INSTITUTIONAL INVESTORS TOIMPROVE THE AMOUNT AND TYPE OF FINANCING AVAILABLE. IN 2021, DISBURSEMENTS TOTALED $12.8 MILLION TO 4 CHARTER SCHOOLS THAT SERVE NEARLY 3,000 STUDENTS ANNUALLY, 76% OF WHOM QUALIFY FOR FREE OR REDUCED PRICE LUNCHES. CAPITAL IMPACT PARTNERS DEVELOPED OR RENOVATED 147,000 SQUARE FEET OF EDUCATIONAL SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellis Carr President & CEO | OfficerTrustee | 40 | $725,300 |
Natalie Gunn Chief Financial/administra | Officer | 40 | $461,411 |
Diane Borradaile Chief Lending Officer | Officer | 40 | $337,515 |
Kim Dorsett Chief Human Resource Offic | Officer | 40 | $292,399 |
Brian Mcevoy General Counsel | Officer | 40 | $274,183 |
Jaret Dinard Ings Senior Director Of Finance | Officer | 40 | $254,768 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heidrick & Struggles Inc Human Resources Recruitment And Placemen | 12/30/21 | $350,000 |
Cohnreznick Llp Audit And Tax Services | 12/30/21 | $387,556 |
Pillsbury Winthrop Shaw Legal Service Fee | 12/30/21 | $780,057 |
Next Street Financial Llc Business Advisory Service | 12/30/21 | $479,200 |
Spencer Stuart Consulting Fees | 12/30/21 | $312,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,985,288 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,500,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,485,802 |
| Total Program Service Revenue | $23,437,416 |
| Investment income | $1,091,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $587,442 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,782,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,231,401 |
| 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. | $3,019,412 |
| Compensation of current officers, directors, key employees. | $533,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,629,621 |
| Pension plan accruals and contributions | $1,033,110 |
| Other employee benefits | $1,292,242 |
| Payroll taxes | $977,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $982,382 |
| Fees for services: Accounting | $336,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $161,039 |
| Fees for services: Other | $3,662,921 |
| Advertising and promotion | $0 |
| Office expenses | $449,921 |
| Information technology | $616,924 |
| Royalties | $0 |
| Occupancy | $1,304,971 |
| Travel | $76,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,312,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $277,221 |
| Insurance | $294,407 |
| All other expenses | $0 |
| Total functional expenses | $40,630,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $94,919,601 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,160,368 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $388,528,166 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,292,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,030,968 |
| Investments—program-related | $100,268,885 |
| Intangible assets | $0 |
| Other assets | $10,273,400 |
| Total assets | $600,473,548 |
| Accounts payable and accrued expenses | $4,555,550 |
| 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 | $408,866,103 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,158,181 |
| Total liabilities | $431,579,834 |
| Net assets without donor restrictions | $120,919,519 |
| Net assets with donor restrictions | $47,974,195 |
| 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 | $600,473,548 |
Grants Awarded
Over the last fiscal year, Capital Impact Partners has awarded $3,221,901 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: OPEN FOR BUSINESS FUND AND ENTREPRENEURS OF COLOR | $723,500 |
Washington, DC PURPOSE: OPEN FOR BUSINESS FUND / DC COOP GRANT / ENTREPRENEURS OF COLOR SUBGRANT | $670,000 |
Washington, DC PURPOSE: LATINO ECONOMIC DEVE-WASINGTON, D.C. REGION EO-EOCF-FY22-01 | $500,000 |
Washington, DC PURPOSE: COALITION FOR NONPRO-EOCF2.0 SUBGRANT-2021-2024 | $250,000 |
San Diego, CA PURPOSE: OPEN FOR BUSINESS FUNDING | $231,455 |
MARKET SEVEN LLC PURPOSE: ACCRUE MARKET SEVEN, LLC LEASE RESERVE PYMT | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Capital Impact Partners has recieved totaling $6,768,334.
| Awarding Organization | Amount |
|---|---|
F B Heron Foundation New Milford, CT PURPOSE: ENTERPRISE CAPITAL | $2,000,000 |
F B Heron Foundation New Milford, CT PURPOSE: ENTERPRISE CAPITAL | $1,500,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $1,250,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $500,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR MIXED-INCOME NEIGHBORHOOD STABILIZATION AND GENERATIONAL WEALTH-BUILDING FOR COMMUNITIES OF COLOR IN DETROIT | $250,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF NEIGHBORHOOD REVITALIZATION | $200,000 |
Endowment Analysis
| Beg. Balance | $33,568,035 |
| Earnings | $30,639 |
| Net Contributions | $28,485,802 |
| Other Expense | $14,110,281 |
| Ending Balance | $47,974,195 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Impact Partners Arlington, VA | $600,473,548 | $55,782,044 |
Educational Funding of the South Inc Franklin, TN | $0 | $32,440,997 |
Educap Inc Sterling, VA | $80,424,876 | $4,047,763 |
C S B S Education Foundation Washington, DC | $4,204,118 | $2,363,709 |
West Liberty University Foundation Inc West Liberty, WV | $23,210,678 | $4,184,811 |
Credit Research Foundation Inc Westminster, MD | $1,367,248 | $1,087,744 |
Greater Kingsport Alliance For Development Inc Kingsport, TN | $2,425,970 | $1,438,393 |
National Bankers Association Inc Washington, DC | $841,485 | $627,511 |
Tennessee Medical Education Fund Inc Nashville, TN | $3,892,726 | $343,365 |
Maryland Mortgage Bankers Edgewater, MD | $437,404 | $208,857 |
Virginia Mortgage Bankers Assoc Glen Allen, VA | $251,713 | $178,483 |
Second Look Capital Inc Richmond, VA | $83,074 | $0 |