Organizations Filed Purposes:
ITS MISSION IS TO CREATE PATHWAYS OUT OF POVERTY AND ADVANCE A GREEN ECONOMY THROUGH INCLUSIVE FINANCIAL SERVICES.
THE CAPITAL GOOD FUND IS A MICRO-FINANCE ORGANIZATION THAT TARGETS ROOT CAUSES OF POVERTY THROUGH INNOVATIVE MICRO-LOANS AND PERSONAL FINANCIAL COACHING. ITS MISSION IS TO CREATE PATHWAYS OUT OF POVERTY AND CREATE A GREEN ECONOMY THOUGH INCLUSIVE FINANCIAL SERVICES.
IN 2020, GOOD FUND LAUNCHED THE CRISIS RELIEF LOAN, RANGING FROM $300-$1500 WITH A 5% APR AND A FIFTEEN-MONTH TERM THAT INCLUDES AN INITIAL THREE MONTH DEFERMENT PERIOD, AS PART OF ITS RESPONSE TO THE PANDEMIC. DESPITE THE ECONOMIC DEVASTATION COVID-19 WROUGHT, OUR LOAN PORTFOLIO PERFORMED ADMIRABLY WELL, WITH ONLY A SLIGHT INCREASE IN THE PORTFOLIO AT RISK AND A YEAR-OVER-YEAR DECREASE IN NET CHARGE OFFS. SOME ADDITIONAL HIGHLIGHTS: LOAN VOLUME GREW FROM 1,185 LOANS FOR $3.02 MILLION IN 2019 TO 1,609 FOR $3.3 MILLION IN 2020. TOTAL ASSETS WENT FROM $8.2 MILLION IN 2019 TO $10.15 MILLION IN 2020. TOTAL INCOME INCREASED FROM $3.3 MILLION TO $4.85 MILLION. TOTAL LOAN PORTFOLIO OUTSTANDING SOARED FROM $4.98 MILLION TO $5.8 MILLION.
IN 2020, GOOD FUND GRADUATED 105 FAMILIES FROM OUR NATIONALLY-RECOGNIZED, ONE-ON-ONE FINANCIAL AND HEALTH COACHING PROGRAM. AS PART OF OUR RESPONSE TO THE PANDEMIC, WE LAUNCHED A CRASH FINANCIAL COACHING PROGRAM THAT CONDENSES OUR 12-MONTH PROGRAM TO THREE MONTHS FOR THOSE AFFECTED BY COVID-19. WE ALSO LAUNCHED A FINANCIAL COACHING CRISIS HOTLINE WITH EXTENDED HOURS TO AID CALLERS WITH URGENT FINANCIAL NEEDS SEEKING IMMEDIATE RESOURCES. WE'VE DEVELOPED SEVERAL PARTNERSHIPS THROUGHOUT OUR FOOTPRINT AND EXPANDED OUR SARASOTA TRAIN THE TRAINER PROGRAM TO PROVIDE SOCIAL SERVICE ORGANIZATIONS WITH THE TOOLS TO HOST THEIR OWN INTRODUCTORY FINANCIAL LITERACY WORKSHOPS, THEREBY MAKING FINANCIAL LITERACY MORE ACCESSIBLE ACROSS OUR COMMUNITY.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Andrew Posner | CEO | 40 | $82,320 |
| Tracy Maclean | DIRECTOR | 1 | $0 |
| Rahul Gupta | DIRECTOR | 1 | $0 |
| Dara Duguay | DIRECTOR | 1 | $0 |
| Elina Magaly Santana | DIRECTOR | 1 | $0 |
| Holly Bullard | DIRECTOR | 1 | $0 |
| Arthur Gabinet | SECRETARY | 1 | $0 |
| Jenn Steinfeld | TREASURER | 1 | $0 |
| Libby Kimzey | CO-CHAIR | 1 | $0 |
| Betsy Harris | CO-CHAIR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202101139349300030_public.xml