Overview
What is Security Plus Financial Corporation?
Security Plus Financial Corporation is a nonprofit organization based in Denver, Colorado. Their main objective is to provide a financial guarantee program for its member companies at a substantially low cost. This service aims to create a pool of funds that can compensate participating member firms for any financial losses incurred due to transactions with insolvent or bankrupt fellow member companies or those that have disbanded. This initiative serves as a safety net for businesses within the organization, offering them financial protection and stability.
Is Security Plus Financial Corporation legitimate?
Security Plus Financial Corporation is a legitimate nonprofit organization registered as a 501(c)(15) entity. Security Plus Financial Corporation 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.
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What is the mission statement of Security Plus Financial Corporation?
Security Plus Financial Corporation's primary mission is to offer a financially beneficial guarantee program to its organization's members at a substantial discount. The organization's main objective is to accumulate a pool of funds, which can be utilized to compensate participating member companies for financial losses incurred due to insolvency, bankruptcy, or disbandment of another participating member company in transactions. The purpose of this program is to provide a safety net, ensuring financial stability for the member companies within the organization.
Who is the CEO of Security Plus Financial Corporation?
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What is the revenue of Security Plus Financial Corporation?
Security Plus Financial Corporation's revenue in 2022 was $42,280.
Who are the executives of Security Plus Financial Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Security Plus Financial Corporation?
Security Plus Financial Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Security Plus Financial Corporation
Security Plus Financial Corporation is dedicated to providing a financial guarantee program for its organization members at a substantial cost. The primary objective and activity of this corporation is to amass a pool of funds from which participating member companies can be compensated for any financial losses incurred due to a transaction with another insolvent or bankrupt member company. This program serves as a safety net, ensuring financial stability and protection for its members.
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Impact
October, 2024
Security Plus Financial Corporation significantly impacts its members by providing a financial guarantee program that offers essential protection against financial loss due to insolvency or bankruptcy of participating members. By creating a collective pool of funds, the organization ensures that member companies can rely on compensation when transactions with other members go awry. This program not only fosters financial stability within the organization but also enhances trust and cooperation among its members, thereby bolstering the overall business environment in which they operate. The initiative allows companies to engage in transactions with greater confidence, knowing that they have a safety net in place, which ultimately promotes mutual benefit and financial resilience within the collective. Based in Denver, Colorado, Security Plus Financial Corporation plays a crucial role in supporting its members in navigating financial uncertainties and mitigating risks associated with business dealings.
This information is meant to be a general summary of Security Plus Financial Corporation. 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: $10,573
- Program Service Revenue: $28,660
- Gross Receipts: $189,093
Assets and Liabilities:
- Total Assets: $851,251
- Total Liabilities: $0
- Net Assets: $851,251
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUND CONTRIBUTIONS
Revenue
$28,660
Organization Details
Founding Year
2002
Phone
(303) 759-8697Main Address
PO BOX 22477, DENVER, CO, 80222
NTEE Category
Code: Y23 - Mutual benefit
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