Illinois · Nonprofit
CAPITALPLUS EXCHANGE CORPORATION
CAPITALPLUS EXCHANGE CORPORATION (Illinois) receives grants from 3 organizations whose IRS filings report $13,797,248 to it, the largest being MASTERCARD FOUNDATION ($13,749,548). 1 of them have funded it in more than one year.
- Revenue FY2024
- $1.9M
- Funders on record
- 3
- Grants received
- $14M
- Net assets
- $290k
What Capitalplus Exchange Corporation does
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.
As stated on its FY2024 Form 990.
Programs
On its FY2024 return the organization reported a significant change in how it conducts a program.
Due to funding constraints, capplus was unable to implement activities in 2024 under several program areas, including needs assessment, social enterprise finance, peer knowledge exchange, thought leadership, and performance and impact measurement. These programs have not been discontinued; however, their implementation was deferred in 2024. Future implementation will depend on the availability of funding in subsequent years.
Its own explanation, from Schedule O of that return (Part III, line 3).
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…
$1,528,072 spent$1,827,794 earned by the program80% of program spendingPartnerships: 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.
$382,137 spent20% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,910,209.
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 2023 to 2024, from $1.3M to $6.5M (+404%).
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: 2017 56% · 2018 50% · 2019 62% · 2020 30% · 2021 27% · 2022 10% · 2023 3% · 2024 4%. Grants only. Government contracts and fees sit inside program revenue.
4% of CAPITALPLUS EXCHANGE CORPORATION’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. 6 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.
Chief executive
Lynn Pikholz
President & CEO
As listed on its FY2024 Form 990.
Who funds it, year by year
2018 → 2023: the base narrowed from 2 funders to 1 funder, grant income rose $48k → $1.7M.
From the IRS filings of CAPITALPLUS EXCHANGE CORPORATION’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
CAPITALPLUS EXCHANGE CORPORATION leans on a few funders — its largest provides 100% 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
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund CAPITALPLUS EXCHANGE CORPORATION.
Largest funder’s share by year: 2018 63% · 2021 100% · 2022 100% · 2023 100% — growing more concentrated.
“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
CAPITALPLUS EXCHANGE CORPORATION draws 100% of its grant income from funders outside Illinois, across 2 states in all.
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
CAPITALPLUS EXCHANGE CORPORATION holds deeper cash reserves than three-quarters 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
Organizations like CAPITALPLUS EXCHANGE CORPORATION
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 Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
79% of spending goes to programs.
Governance
Public support
84%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Capplus Impact LLC · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for CAPITALPLUS EXCHANGE CORPORATION: 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 CAPITALPLUS EXCHANGE CORPORATION?
- CAPITALPLUS EXCHANGE CORPORATION (Illinois) receives grants from 3 organizations whose IRS filings report $13,797,248 to it, the largest being MASTERCARD FOUNDATION ($13,749,548). 1 of them have funded it in more than one year.
- How many funders does CAPITALPLUS EXCHANGE CORPORATION have?
- IRS filings report 3 organizations giving $13,797,248 in grants to CAPITALPLUS EXCHANGE CORPORATION, 1 of which have funded it in more than one year.
- Who is the largest funder of CAPITALPLUS EXCHANGE CORPORATION?
- MASTERCARD FOUNDATION is the largest funder on record, with $13,749,548 in grants. The full list of funders is on this page.
- How can an organization like CAPITALPLUS EXCHANGE CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Capitalplus Exchange →
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 3 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