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Finance Fund Capital Corporation

Columbus, OH · EIN 74-3033288 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Finance Fund Capital Corporation reported $3.8 million in revenue and $1.6 million in expenses for calendar year 2024. Of every $100 it spent, $91.52 went to program services, $8.48 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 84.8% of the total. The highest compensation it reported for one person was $595,480 (PRESIDENT AND CEO). Revenue fell 38% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.6M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $3.8M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
91.5%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
8.5%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
14.3%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
84.8%0.0%
Highest reported compensation
Part VII-A, columns D–F
$595,480$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
37.55%1.56%
People paid over $100,000
Part VII, line 2
03
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
246.756.6
Independent voting board members
Part VI 1a–1b
10 of 10100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$1.5M expenses · 100.0% of program spending · revenue $3.2M

Finance Fund Capital Corporation offers a variety of different loan funds to form public-private partnerships by providing flexible financing that supports economic development and job creation in low-income communities. These loan funds and programs include the small business loan fund, community health load fund, healthy foods, and sba community advantage loan programs

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT AND CEO
Director/trustee, officer, 40.00 hrs/week
$0$590,480$5,000$595,480
EVP REAL ESTATE
Officer, 40.00 hrs/week
$0$533,000$5,000$538,000
EVP, GENERAL COUNSEL
Officer, 40.00 hrs/week
$0$396,584$5,000$401,584
CHIEF FINANCIAL OFFICER
Officer, 40.00 hrs/week
$0$373,568$5,000$378,568

0 people received more than $100,000 in reportable compensation from Finance Fund Capital Corporation (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M201920202021202220232024$3.8M$1.6M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$3.8M$1.6M91.5%$33M$595,480
2023 ⓘ$12M$2.1M88.3%$31M$501,888
2022 ⓘ$4.6M$1.7M90.5%$22M$454,992
2021 ⓘ$4.6M$1.6M91.9%$20M$404,504
2020 ⓘ$6.9M$1.8M92.3%$17M$335,016
2019 ⓘ$6.1M$2.9M99.1%$12M$255,368

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 610

Correct a figure or respond

Every number above is copied from Finance Fund Capital Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Finance Fund Capital Corporation, you can publish a response that is linked from this page.

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Questions people ask

How much of Finance Fund Capital Corporation's spending goes to programs?

In calendar year 2024, Finance Fund Capital Corporation reported that 91.5% of its $1.6 million in expenses went to program services, 8.5% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Finance Fund Capital Corporation pay its top executive?

The largest total compensation Finance Fund Capital Corporation reported for one person in calendar year 2024 was $595,480, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Finance Fund Capital Corporation get its money?

Of $3.8 million in revenue in calendar year 2024, 14.3% came from contributions and grants and 84.8% from program service revenue (Form 990, Part VIII).

Is Finance Fund Capital Corporation a registered charity?

The IRS lists EIN 74-3033288 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202512659349301461 · read the filing
  • 2023: Form 990 for calendar year 2023, object 202432499349301003 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202322129349301237 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202212169349300311 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202142449349301004 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202022809349300622 · read the filing

All filings for EIN 74-3033288: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.