From public IRS filings
FORTIS CAPITAL
MINNEAPOLIS, MN · Community Improvement
Mission
FORTIS CAPITAL IS ENGAGED IN ECONOMIC DEVELOPMENT FINANCE IN THE AREA OF MINNEAPOLIS - SAINT PAUL, MINNESOTA, WITH AN EMPHASIS ON PROVIDING ACCESS TO CAPITAL FOR BUSINESSES OWNED BY PERSONS OF COLOR AND IN CHALLENGED COMMUNITIES.
Financials (IRS Form 990)
Total revenue
$1.4M
Total expenses
$722K
Total assets
$3M
Program expense ratio
90%
Source: IRS Form 990, tax year 2023.
Who funds FORTIS CAPITAL
$652K in foundation grants on record from 9 funders — matched from IRS 990 grant line items. Some matches may be approximate.
| Funder | Total given | Grants |
|---|---|---|
| Mcknight Foundation | $215K | 3 |
| Jay and Rose Phillips Family Foundation of Minnesota | $151K | 2 |
| Rooted Philanthropic | $120K | 1 |
| Minneapolis Foundation | $50K | 1 |
| Target Foundation | $50K | 2 |
| Mortenson Family Foundation | $45K | 6 |
| Grapevine Giving Foundation | $8K | 1 |
| Local Initiatives Support | $8K | 1 |
| Baker Tilly Foundation | $5K | 1 |
Leadership
BRIAN K SMITH — CHIEF EXECUTIVE OFFICER (Principal officer)
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