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Capitalplus Exchange Corporation

EIN 30-0199985 · Skokie, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak27 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$1.9 million
Spending
$2.4 million
Spent on programs
80%
Reserves
1.4 months of spending
Largest source of income
fees for its services, 95%
Employees
4
Volunteers
7
Highest pay
$243,833, treasurer & coo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 27 out of 100. Higher than 3% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.4 months of spending.

  • Debt

    2 of 20

    It owes 96% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 25% of income.

  • Income trend

    0 of 15

    Income fell 50% on the year before.

  • Spending floor

    15 of 15

    79% of spending went to programs and raising each dollar of donations cost 11 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 68% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $1.5 million spent. 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.
  2. $382,137 spent. PARTNERSHIPS: CAPPLUS WORKS CLOSELY WITH ORGANIZATIONS THAT SHARE ITS MISSION TO SERVE SMALL BUSINESSES, MICRO-ENTERPRISES, UNDERSERVED COMMUNITIES AND BUSINESSES THAT PROVIDE A SOCIAL GOOD IN DEVELOPING AND TRANSITIONAL MARKETS. CAPPLUS' PARTNERS INCLUDE FOUNDATIONS, RESEARCH INSTITUTIONS, EDUCATION INITIATIVES, NGOS, AND INVESTMENT FUNDS AMONG OTHERS. THESE PARTNERSHIPS ALLOW CAPPLUS TO EXPLORE NEW FRONTIERS IN SME, SOCIAL FINANCE AND LEVERAGE JOINED CAPABILITIES TO ACHIEVE MORE POWERFUL IMPACT WHERE OUR MISSIONS INTERSECT.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2004.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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