Missouri · Nonprofit
ALTCAP
ALTCAP (Missouri) receives grants from 5 organizations whose IRS filings report $7,038,274 to it, the largest being EWING MARION KAUFFMAN FOUNDATION ($6,750,000). 1 of them have funded it in more than one year.
- Revenue FY2024
- $3.8M
- Funders on record
- 5
- Grants received
- $7.0M
- Net assets
- $12M
What Altcap does
Mission
To be a catalyst for investment in Kansas City metropolitan communities throught innovative financial products, targeted economic and community development programming, and the development of strategic partnerships that promote community collaboration and capacity building.
As stated on its FY2024 Form 990.
Programs
Lending in 2024, the organization continued to deploy needed financing to underserved and overlooked entrepreneurs. The organization was able expand its reach to more communities and serve more entrepreneurs, providing access to capital to support new, small business creation as well as support the growth of existing small businesses. In addition to small business and micro loans, the organization increased the availability, accessibility and flexibility of its capital by offering revenue-based financing loans to entrepreneurs.
$3,152,389 spent$1,347,056 earned by the program41% of program spendingSmall business development the organization provides in-kind service/resources to an affiliate organization that invest in innovative and measurable community development that aligns with and strengthens the financial, human, and social capital of under-resourced neighborhoods in the kansas city metropolitan region. In 2022, our affiliate organization deployed more than 3 million to neighborhood small businesses to assist with their recovery efforts after the economic impact of covid-19. The organizations continued to offer small businesses technical assistance directly as well as indirectly through partner entrepreneurship support organizations.
$4,285,554 spentof which $3,902,161 as grants$-204,957 earned by the program56% of program spendingNew market tax credits since 2008, the organization has participated in a federal tax credit program that is used to stimulate investment in economically distressed communities. The organization cumulatively has deployed 213 million in new market tax credits allocation which were used to finance job creating businesses and as a catalyst for real estate development projects in kansas city metro area.
$223,031 spent$1,500,175 earned by the program3% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $7,660,974.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $9.8M to $20M (+108%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 45% · 2019 2% · 2020 24% · 2021 16% · 2022 62% · 2023 34% · 2024 8%. Grants only. Government contracts and fees sit inside program revenue.
28% of ALTCAP’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
David Brain
Board chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base held at 1 funder, grant income rose $100k → $1.6M.
From the IRS filings of ALTCAP’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ALTCAP leans on a few funders — its largest provides 96% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 99% · 2022 93% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
98% of ALTCAP's grant income comes from Missouri funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ALTCAP is better cushioned than half of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Government funding ALTCAP receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $8.1M on record.
- Department of the Treasury$7.0M
- Department of Commerce$1.0M
- Small Business Administration$136k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like ALTCAP
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Missouri
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
82% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 2 related entities
- AltCap California · exempt
- Equity2 LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for ALTCAP: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ALTCAP?
- ALTCAP (Missouri) receives grants from 5 organizations whose IRS filings report $7,038,274 to it, the largest being EWING MARION KAUFFMAN FOUNDATION ($6,750,000). 1 of them have funded it in more than one year.
- How many funders does ALTCAP have?
- IRS filings report 5 organizations giving $7,038,274 in grants to ALTCAP, 1 of which have funded it in more than one year.
- Who is the largest funder of ALTCAP?
- EWING MARION KAUFFMAN FOUNDATION is the largest funder on record, with $6,750,000 in grants. The full list of funders is on this page.
- How can an organization like ALTCAP find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Missouri. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing