Social Capital Fund Logo

MIP Score

46

Philanthropy
NEC Philanthropy Support

Social Capital Fund

Mission

Social Capital Fund is a nonprofit supporting organization that connects social investments with low-income families who lack access to equitable credit and sound financial advice. It provides loan servicing to its supported organization, Capital Good Fund, and raises funds from socially conscious investors to combat predatory lending and promote financial empowerment.

Basic Information

Tax-Exempt

Address

333 Smith St, Providence, Rhode Island, 02908

View all Providence charities

Founded in

2016

EIN

47-4670143

Total Assets

$2.824 million

UN Sustainable Development Goals Supported

This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.

At a Glance

Invest in Good

Invest in Good

Explore opportunities to invest in Social Capital Fund and align your financial portfolio with your values.

Our Impact

Our Impact

Discover how Social Capital Fund empowers families and combats predatory lending.

Why Invest?

Why Invest?

Learn about the social impact of your investments and how they change lives.

Impact Stats

15,700

Families Served

Low-Income Families Served

Social Capital Fund has successfully provided financial services to thousands of families.

$48,900,000

Total Amount Financed

Total Financing

Total amount financed to support families in improving their financial conditions.

45,000

Coaching Hours

Hours of Financial Coaching Provided

Total hours of personalized financial coaching offered to families.

Testimonials

"...because I want to change another 17,000 lives."
Barrett Hazeltine

Barrett Hazeltine

Brown Professor Emeritus

"...because I wanted to make a difference."
Alan Hassenfeld

Alan Hassenfeld

Former CEO, Hasbro, Inc.

"...because Economic Justice is Economic Security!"
Jenn Steinfeld

Jenn Steinfeld

Executive Director, Women's Fund of RI

"...to support creative social justice models."
Bill Allen

Bill Allen

Professor at Brown University

"...because true “returns” aren’t measured in dollars and cents."
Mark Tracy

Mark Tracy

Founder, Yulupa, LLC

"...because I believe in financial empowerment for everyone."
Heather Tow-Yick

Heather Tow-Yick

"...because it's the right thing to do."
Michael Steiner

Michael Steiner

Community Member

"...because I believe in social change."
María Carranza

María Carranza

Business Support Services Director at CCRI

"...to align my money with my mouth."
Andres Ramirez

Andres Ramirez

Professor at Bryant University

"...because capital needs good."
Mark and Julie Van Noppen

Mark and Julie Van Noppen

Community Members

MIP Score (Beta)

The MIP Score is in beta! We'd love any feedback you may have.

The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.

Overall Score

46

36

/100

Program Expense Ratio

98.29%

20

/20

Program Revenue Growth

4.08%

10

/20

Leverage Ratio

3.074

2

/20

Working Capital Ratio

-1.964

2

/20

Fundraising Efficiency

0

2

/20

Latest Filing Data: Form 990

Fiscal Year:2022

Source:Source: Self-reported by organization

Financial Details

Revenue

CategoryAmountPercentage
Contributions, Gifts, and Grants00.00%
Program Services560.2K96.95%
Investment Income17.62K3.05%
Sales of Non-Inventory Assets00.00%
Other Notable Sources00.00%
Total Revenue577.8K100.00%