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World Trade Center Small Business Recovery Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141836159 ✦ Albany, NY ✦ Designated as a 501(c)(3)

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Overview

What is World Trade Center Small Business Recovery Fund Inc?

The World Trade Center Small Business Recovery Fund Inc, located in Albany, New York, is a nonprofit organization that focuses on providing financial relief to impacted individuals and small businesses following the September 11, 2001, terrorist attack on the World Trade Center in New York City. Their primary mission involves the collection and administration of monetary funds, primarily in the form of low-interest rate loans. During the fiscal year, they transferred their remaining assets to the NYBDC Local Development Corporation, continuing their commitment to supporting the recovery of affected businesses.


Official website here: www.nyssbdc.org

Is World Trade Center Small Business Recovery Fund Inc legitimate?

World Trade Center Small Business Recovery Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Trade Center Small Business Recovery Fund Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nyssbdc.org

What is the mission statement of World Trade Center Small Business Recovery Fund Inc?

The World Trade Center Small Business Recovery Fund Inc's primary mission is to provide monetary relief to individuals and small businesses affected by the September 11, 2001, terrorist attack on the World Trade Center in New York City. This relief is primarily in the form of low-interest rate loans. The organization's main activity is the collection and administration of these funds, aiming to aid in the recovery of affected businesses. During a fiscal year, the fund transferred its remaining assets to the NYBDC Local Development Corporation.


Official website here: www.nyssbdc.org

Who is the CEO of World Trade Center Small Business Recovery Fund Inc?

Patrick J Mackrell is the Officer of World Trade Center Small Business Recovery Fund Inc.


Official website here: www.nyssbdc.org

What is the revenue of World Trade Center Small Business Recovery Fund Inc?

World Trade Center Small Business Recovery Fund Inc's revenue in 2020 was $35,625.


Official website here: www.nyssbdc.org

Who are the executives of World Trade Center Small Business Recovery Fund Inc and what are their salaries?


Here are 3 key members and their salaries:


Patrick J Mackrell (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffery Boyce (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Hoffman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nyssbdc.org

Where can I find the form 990 for World Trade Center Small Business Recovery Fund Inc?

World Trade Center Small Business Recovery Fund Inc's most recent form 990 was submitted in 2020 and can be accessed here.


Official website here: www.nyssbdc.org

Learn more at the official website: www.nyssbdc.org

Mission Statement of World Trade Center Small Business Recovery Fund Inc

The World Trade Center Small Business Recovery Fund Inc is an organization dedicated to providing monetary relief to individuals and small businesses affected by the September 11, 2001 terrorist attack on the World Trade Center in New York City. Their primary mission involves the collection and administration of funds, primarily in the form of low-interest rate loans. This initiative aims to support and aid those who have been impacted financially by the tragic event. Over the course of a fiscal year, the Fund transferred its remaining assets to the NYBDC Local Development Corporation. This shift in assets indicates the Fund's commitment to continuing its mission of providing financial assistance to those in need, even after the initial transfer of funds.

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Impact




October, 2024

The World Trade Center Small Business Recovery Fund Inc has made a significant impact by providing financial assistance to small businesses affected by the September 11, 2001, terrorist attacks. Through the administration of monetary relief funds, the organization facilitated low-interest rate loans that enabled numerous businesses to recover and rebuild after the devastating events.

By transferring its remaining assets to the New York Business Development Corporation, the Fund has ensured the continued support of small business entities in Albany, NY, and surrounding areas. This initiative underscores a commitment to bolstering economic recovery and resilience in communities that faced significant hardships in the aftermath of the attacks.

Overall, the efforts of the World Trade Center Small Business Recovery Fund Inc reflect a critical response to public safety challenges, fostering economic stability and growth for those impacted in the wake of a national tragedy.




This information is meant to be a general summary of World Trade Center Small Business Recovery Fund Inc. 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.

Revenue
$35,625 (2020)
Expenses
$2,712,998 (2020)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $27,035
  • Program Service Revenue: $8,590
  • Gross Receipts: $35,625

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST/PROGRAM LOANS

Revenue

$8,590

Organization Details

Founding Year

2001

Principal Officer

Patrick J Mackrell

Main Address

CO NYBDC 50 BEAVER STREET, ALBANY, NY, 12201

NTEE Category

Code: M20 - Public safety

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