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Employer Identification Number 84-2716465

FORTIS CAPITAL is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:FORTIS CAPITAL
Employer identification number (EIN):84-2716465
EIN Issuing AuthorityPhiladelphia, PA
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementFORTIS CAPITAL IS ENGAGED IN ECONOMIC DEVELOPMENT FINANCE IN AND FOR THE CITY OF MINNEAPOLIS, WITH AN EMPHASIS ON PROVIDING ACCESS TO DEBT CAPITAL FOR BUSINESSES OWNED BY PERSONS OF COLOR AND IN CHALLENGED COMMUNITIES.
Number of Employees0
Number of Volunteers2
Year Formed2019

Organization Governance

Legal DomicileMN
Voting Members - Governing Body4
Voting Members - Independent2

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 15,026
Program Service Revenue from current yearUSD $ 69,639
Investment Income from prior yearUSD $ 71
Investment Income from current yearUSD $ 558
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 92,915
Net assets / fund balances at end of fiscal yearUSD $ 79,604
Net assets / fund balances at beginning of fiscal yearUSD $ 69,291
Total liabilities at end of fiscal yearUSD $ 2,469,941
Total liabilities at beginning of fiscal yearUSD $ 1,205,979
Total assets at end of fiscal yearUSD $ 2,549,545
Total assets at beginning of fiscal yearUSD $ 1,275,270
Revenues less expenses for current yearUSD $ 10,313
Revenues less expenses for previous yearUSD $ 818
Total expenses for current yearUSD $ 82,602
Total expenses for previous yearUSD $ 30,279
Other expenses in current yearUSD $ 82,602
Other expenses in previous yearUSD $ 30,279
Total fundraising expenses in current yearUSD $ 199
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 92,915
Total revenue in previous fiscal yearUSD $ 31,097
Contributions and grants from current yearUSD $ 22,718
Contributions and grants from previous yearUSD $ 16,000
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 15,026
Investment Income from prior yearUSD $ 52
Investment Income from current yearUSD $ 71
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 31,097
Net assets / fund balances at end of fiscal yearUSD $ 69,291
Net assets / fund balances at beginning of fiscal yearUSD $ 68,473
Total liabilities at end of fiscal yearUSD $ 1,205,979
Total liabilities at beginning of fiscal yearUSD $ 431,732
Total assets at end of fiscal yearUSD $ 1,275,270
Total assets at beginning of fiscal yearUSD $ 500,205
Revenues less expenses for current yearUSD $ 818
Revenues less expenses for previous yearUSD $ 68,756
Total expenses for current yearUSD $ 30,279
Total expenses for previous yearUSD $ 11,541
Other expenses in current yearUSD $ 30,279
Other expenses in previous yearUSD $ 11,541
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 0
Employee salary and benefits paid in previous yearUSD $ 0
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 31,097
Total revenue in previous fiscal yearUSD $ 80,297
Contributions and grants from current yearUSD $ 16,000
Contributions and grants from previous yearUSD $ 80,245

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 842716465

USA Mailing Address
1016 HYACINTH AVENUE EAST
ST PAUL
MN
55106
Date first seen: 2008-01-01
Date last seen: 2025-09-30
USA Mailing Address
333 WASHINGTON AVENUE N 300
MINNEAPOLIS
MN
55401
Date first seen: 2007-01-01
Date last seen: 2025-06-30

EIN Events

Event Date Event description
2020-12-31Form 990-N declaration of Gross Receipts Under $25,000 in tax year 2020

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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