In Need of Capital
This corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of sections 170(c) (2) and 501 (c)(3) of the internal revenue code of 1986. Within the framework and limitations of the foregoing, the specific primary purpose of this corporation shall be to provide financial and educational support to individuals with entrepreneurial ventures. An example is providing startup funds in the form of a loan to small business. These funds are lent with out any personal recourse to the owners of the business. As the business succeeds it will use its profits to pay back the loan and once the loan is paid in full it will continue to provide profits back to the nonprofit to help support other startups.
In Need of Capital at a glance
In short: In Need of Capital reported $2K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.
- Grants paid (2025)
- $2,000 — reported as a total on the IRS filing, without an itemized list
- -80.0% vs 2024
- Total assets
- $471,300
- -13.7% vs 2024
- Revenue (2025)
- $25,116
- -13.1% vs 2024
- Net investment income (2025)
- $21,729
- -24.8% vs 2024
- Expenses (2025)
- $99,787
- +867.2% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who In Need of Capital funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How In Need of Capital gives
- Giving held roughly steady from 2021 to 2024 (+0%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $2K (2025) to $10K (2024). In 2025 it reported $2K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rockford Fire Relief Association Rockford, MN | — | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $471,300 | $25,116 | $99,787 | $2,000 | Total only | $21,729 |
| 2024 | $545,971 | $28,912 | $10,317 | $10,000 | 1 | $28,912 |
| 2023 | $527,376 | $202,214 | $533 | — | — | $21,059 |
| 2022 | $325,695 | $99,964 | $769 | — | — | $8,783 |
| 2021 | $226,500 | $236,500 | $10,000 | $10,000 | 1 | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About In Need of Capital
Based on IRS filings
In Need of Capital is a public charity focused on Community Improvement & Capacity Building, based in St Louis Park, MN. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $471K in total assets. In 2025, it reported $2K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $22K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
In Need of Capital is led by Mark Saliterman, Chairperson on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mark Saliterman
Chairperson
On filings since 2021
1 hr/week
No compensation reported
David Kaplan
Vice President
On filings since 2021
No compensation reported
Michael Strub
Member
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about In Need of Capital
How much does In Need of Capital give each year?
In Need of Capital reported $2K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it gave $10K across 1 grant.
How large is In Need of Capital?
In Need of Capital reported $471K in total assets on its 2025 IRS Form 990. Its revenue that year was $25K.
What is In Need of Capital?
In Need of Capital is a public charity focused on Community Improvement & Capacity Building, based in St Louis Park, MN. It holds $471K in total assets as of 2025.
Where does In Need of Capital operate?
In Need of Capital has awarded grants in Minnesota.
What is In Need of Capital's EIN?
In Need of Capital's EIN (Employer Identification Number) is 85-0492116. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS October 13, 2022)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 23, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
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In Need of Capital down — hundreds of funders to go?