Mission
OUR CHARITABLE PURPOSE AND MISSION IS TO FOSTER AND SUPPORT ECONOMIC DEVELOPMENT IN CHALLENGED COMMUNITIES AND FOR DISADVANTAGED PERSONS, PRIMARILY IN THE MINNEAPOLIS - SAINT PAUL METRO AREA, IN THE STATE OF MINNESOTA.
Public Charity
FORTIS CAPITAL
FORTIS CAPITAL is a nonprofit organization categorized as Public Charity based in MINNEAPOLIS, MN. Its most recent IRS filing (2024) reports revenue of $1.3M, expenses of $589K, total assets of $4.1M. Imperigo tracks 4 reported grant relationships connected to this organization totaling approximately $666K.
EIN: 842716465
MINNEAPOLIS, MN
Economic Development
NTEE: S30
Latest filing: 2024
Total Revenue$1.3M
Total Expenses$589K
Total Assets$4.1M
Grant Records4
Funding Total$666K
Filing Years2022–2024
Where $100 goes at Fortis Capital
How Fortis Capital divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.
$80
Programs
the work itself
$16
Management
running the organization
$4
Fundraising
raising the next dollar
Inside the $80 for programs
$80
Fortis Capital participation loan program:through this program, the organization can reach borrowers that would not qualify for loans otherwise
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
SUPPORT OF GROUNDBREAK COALITION PROGRAM
$600,000
operating fund and general assistance.
$8,055
SEE PART IV
$7,500
GENERAL
$50,000
Showing up to 5 of 4 total records — full history available with membership.
Officers & Directors
DIRECTOR
Andrea L Larson
CHIEF EXECUTIVE OFFICER
Brian K Smith
PRESIDENT & COO
James E Terrell
DIRECTOR
Shawn G Huckleby
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $1.3M | $589K | $4.1M |
| 2023 | $1.4M | $722K | $3.0M |
| 2022 | $93K | $83K | $2.5M |
Between 2022 and 2024, reported annual revenue grew from $93K to $1.3M (+1337%), with total assets most recently reported at $4.1M.
Interactive year-over-year charts and full filing details available with membership.