FORTIS CAPITAL 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.
Local (City/County Level)
Workforce & Economic Opportunity
Racial/Ethnic Minorities
Direct Service Delivery
Capacity Building & Technical Assistance
Low-Income/Economically Disadvantaged
Community & Economic Development
Annual Revenue
$1,335,019
Known Funders
9
Grants Received
18
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $1,335,019 | $589,408 | $4,119,853 |
| 2023 | $1,392,728 | $721,541 | $2,995,170 |
| 2022 | $92,915 | $82,602 | $2,549,545 |
| 2021 | $31,097 | $30,279 | $1,275,270 |
Top Funders
RBC Foundation - USA
Minneapolis, MN
$266,000 (2023)
RBC Foundation - USA
Minneapolis, MN
$242,000 (2022)
THE JAY AND ROSE PHILLIPS FAMILY
MINNEAPOLIS, MN
$150,000 (2024)
ROOTED PHILANTHROPIC
SAINT PAUL, MN
$120,000 (2024)
The McKnight Foundation
Minneapolis, MN
$100,000 (2024)
The McKnight Foundation
Minneapolis, MN
$100,000 (2023)
THE MINNEAPOLIS FOUNDATION
MINNEAPOLIS, MN
$50,000 (2023)
TARGET FOUNDATION
MINNEAPOLIS, MN
$25,000 (2024)
TARGET FOUNDATION
MINNEAPOLIS, MN
$25,000 (2023)
MORTENSON FAMILY FOUNDATION
MINNEAPOLIS, MN
$15,000 (2024)
Key Personnel
From 2024 IRS 990 filing
B
BRIAN K SMITH
CHIEF EXECUTIVE OFFICER
Officer
J
JAMES E TERRELL
PRESIDENT & COO
Officer
S
SHAWN G HUCKLEBY
DIRECTOR
A
ANDREA L LARSON
DIRECTOR
Frequently Asked Questions
Other Nonprofits in Minnesota
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MAYO CLINIC$7,929,118,794
UCARE MINNESOTA$6,329,509,571
ALLINA HEALTH SYSTEM$5,929,260,387
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