Overview
What is Boc Capital Corp?
Boc Capital Corp is a nonprofit organization situated in Brooklyn, New York, specifically at 85 South Oxford Street. Their primary mission is to foster employment and business growth in economically distressed communities. They achieve this by providing advisory services, loans, and other assistance, including COVID-19 relief loans for entrepreneurs of color and Small Business Administration (SBA) Paycheck Protection Program (PPP) loans. Their objective is to alleviate poverty in economically distressed areas, promoting both employment and business development, and offering financial and small business assistance to empower individuals and create jobs in low-income communities.
Official website here: www.boccapital.org/
Is Boc Capital Corp legitimate?
Boc Capital Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boc Capital Corp 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.
Here are some key statistics you may want to consider:
Executive Compensation: $190,130
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,202,264
For more financial information, click here
What is the mission statement of Boc Capital Corp?
Boc Capital Corp's mission is centered around addressing poverty in economically distressed areas. They achieve this by promoting employment, business development, and providing opportunities for economic and social growth. As a provider of financing and small business assistance, their goal is to economically empower individuals and create jobs in low-income communities. Their initiatives include a microloan and small business loan program, which offers advice, loans, and assistance to promote employment and business opportunities in distressed communities. This program also extends to COVID-19 relief loans for entrepreneurs of color and SBA Paycheck Protection Program loans.
Official website here: www.boccapital.org/
Who is the CEO of Boc Capital Corp?
What is the revenue of Boc Capital Corp?
Who are the executives of Boc Capital Corp and what are their salaries?
- Nancy Carin (Executive Dir) [Trustee/Director]
- Elena Zikuss (Cfo)
- Rodney Santiago (Cpo)
- Lauren Evans (Sr Program Manager)
- Kwok C Chu (Program Manager)
- Ryan Widenhouse (Business Devel Off)
- Alexandr Mesonzhnik (Sr Account Manager)
- Leslie Winter (Co-Chair) [Trustee/Director]
- Gregory J Libertiny (Co-Chair) [Trustee/Director]
- Walter Sweet (Secretary) [Trustee/Director]
- Bijal N Vira (Board Member) [Trustee/Director]
- Daniel Liu (Board Member) [Trustee/Director]
- Nicole Roco (Board Member) [Trustee/Director]
- Nkonye Okoh (Board Member) [Trustee/Director]
- Kunal Verma (Treasurer) [Trustee/Director]
- David Acevedo (Board Member) [Trustee/Director]
- Eileen V Thornton (Board Member) [Trustee/Director]
- Michael Mueller (Board Member) [Trustee/Director]
Official website here: www.boccapital.org/
Where can I find the form 990 for Boc Capital Corp?
The Boc Capital Corp’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.boccapital.org/
Learn more at the official website: www.boccapital.org/
Mission Statement of Boc Capital Corp
Boc Capital Corp, a prominent organization, is committed to addressing poverty in economically distressed areas. Their mission is twofold: to promote employment and business development in these areas. As a provider of financing and small business assistance, they aim to economically empower individuals and create job opportunities within low-income communities.
In pursuit of this mission, Boc Capital Corp has established various initiatives. One of their key programs is the microloan and small business loan program. This program is designed to promote employment and business opportunities in economically distressed communities. Through advice, loans, and other forms of assistance, including COVID-19 relief loans for entrepreneurs of color and SBA Paycheck Protection Program loans, they aim to support and foster growth in these communities.
By providing financing and small business assistance, Boc Capital Corp is not only helping to create jobs but also encouraging entrepreneurship and business development. This, in turn, contributes to the overall economic revitalization of the distressed areas, thereby addressing poverty at its root. The organization's mission is a testament to their dedication to uplifting communities and individuals in need, thereby fostering a more equitable and prosperous society.
Impact
This information is meant to be a general summary of Boc Capital Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Boc Capital Corp's impact lies in its dedication to promoting employment and business development in economically distressed areas. Through its microloan and small business loan programs, the organization provides crucial support to entrepreneurs in these communities, offering advice, financing, and other forms of assistance. Additionally, Boc Capital Corp has taken steps to address the challenges posed by the COVID-19 pandemic, including offering relief loans for entrepreneurs of color and facilitating access to SBA Paycheck Protection Program loans.
By focusing on areas struggling with poverty and limited economic opportunities, Boc Capital Corp plays a vital role in fostering wealth creation, economic empowerment, and job creation within low-income communities. Through these efforts, the organization contributes to community improvement and works towards building a more inclusive and prosperous society.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest
Revenue
$853,795
Program Income
Revenue
$924,310
Organization Details
Founding Year
2001
Phone
(718) 624-9115
Principal Officer
Nancy Carin
Main Address
85 SOUTH OXFORD STREET, BROOKLYN, NY, 11217
Website
www.boccapital.org/
NTEE Category
Code: S31 - Community improvement
If you are a representative of Boc Capital Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.