Overview
What is Community Capital Of Vermont?
Community Capital of Vermont is a statewide organization situated in Barre, Vermont. With a focus on supporting low and moderate income entrepreneurs, they offer flexible business financing through loans ranging from $1,000 to $100,000. These loans can aid in the initiation or expansion of small businesses, as the organization specializes in lending to entrepreneurs who may lack collateral or a robust credit history, often making it difficult to secure traditional bank loans. By providing this essential financial assistance, Community Capital of Vermont aims to help small businesses and lower income entrepreneurs prosper, contributing to the overall economic growth of the state.
Official website here: www.communitycapitalvt.org
Is Community Capital Of Vermont legitimate?
Community Capital Of Vermont is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Capital Of Vermont submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $97,237
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,543
For more financial information, click here
Official website here: www.communitycapitalvt.org
What is the mission statement of Community Capital Of Vermont?
Community Capital of Vermont aims to assist small businesses and lower income entrepreneurs in prospering by offering flexible business financing. This non-profit organization provides loans ranging from $1,000 to $100,000, which can be utilized for business start-ups, growth, and expansion. The organization specializes in lending to business owners who may lack the necessary collateral or credit history to secure traditional bank loans. By offering these financial services, Community Capital of Vermont seeks to empower these entrepreneurs and contribute to the growth of local businesses.
Official website here: www.communitycapitalvt.org
Who is the CEO of Community Capital Of Vermont?
Alexander Rob is the Executive Di of Community Capital Of Vermont.
Official website here: www.communitycapitalvt.org
What is the revenue of Community Capital Of Vermont?
Community Capital Of Vermont's revenue in 2022 was $244,254.
Official website here: www.communitycapitalvt.org
Who are the executives of Community Capital Of Vermont and what are their salaries?
The average compensation at Community Capital Of Vermont during 2022 was $61,260. There are 3 employees and 19 volunteers at Community Capital Of Vermont.
Here are 8 key members and their salaries:
- Compensation: $97,237
- Related: $0
- Other: $0
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- Compensation: $0
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Official website here: www.communitycapitalvt.org
Where can I find the form 990 for Community Capital Of Vermont?
Community Capital Of Vermont's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communitycapitalvt.org
Learn more at the official website: www.communitycapitalvt.org
Mission Statement of Community Capital Of Vermont
Community Capital of Vermont, as a statewide organization, is dedicated to aiding small businesses and lower-income entrepreneurs in their pursuit of prosperity. They accomplish this by offering flexible business financing options. The mission of this nonprofit is to provide financial assistance to entrepreneurs who may not meet the criteria for traditional bank loans due to lacking collateral or a strong credit history. Community Capital of Vermont's loans range from $1,000 to $100,000 and can be utilized for various purposes, including the initiation, growth, and expansion of businesses.
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Impact
October, 2024
Community Capital of Vermont significantly impacts small businesses and low-income entrepreneurs throughout the state by providing flexible business financing options. With loans ranging from $1,000 to $100,000, it serves as a crucial financial resource for those looking to start, grow, or expand their enterprises.
By focusing on entrepreneurs who often lack the collateral or credit history needed to secure traditional bank loans, Community Capital helps bridge the funding gap. This enables a diverse range of businesses to thrive, fostering economic growth and community improvement. The support it provides not only empowers individual entrepreneurs but also contributes to the overall economic vitality of Vermont, enhancing opportunities and driving local development.
This information is meant to be a general summary of Community Capital Of Vermont. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $19,006
- Program Service Revenue: $97,008
- Gross Receipts: $244,254
Assets and Liabilities:
- Total Assets: $3,944,821
- Total Liabilities: $1,325,939
- Net Assets: $2,618,882
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$92,491
LOAN FEES
Revenue
$4,517
Organization Details
Founding Year
2001
Phone
(802) 479-0167Principal Officer
Alexander Rob
Main Address
PO BOX 342, BARRE, VT, 05641
Website
www.communitycapitalvt.orgNTEE Category
Code: S32 - Community improvement
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