Overview
What is Southeast Texas Economic Development Foundation?
The Southeast Texas Economic Development Foundation is a nonprofit organization, dedicated to aiding small businesses in the Southeast Texas region. They primarily focus on facilitating applications and managing existing loans under the SBA 504 loan program. This program, administered by the Small Business Administration, is designed to support small businesses financially. Beyond this, the foundation actively works towards promoting economic development within their region. Their mission is multifaceted, encompassing both the assistance of small businesses and the overall enhancement of the regional economy.
Official website here: www.setedf.org
Is Southeast Texas Economic Development Foundation legitimate?
Southeast Texas Economic Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeast Texas Economic Development Foundation 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: $64,558
For more financial information, click here
Official website here: www.setedf.org
What is the mission statement of Southeast Texas Economic Development Foundation?
The Southeast Texas Economic Development Foundation's mission is centered around aiding small businesses in the region. They assist in the preparation of loan applications and manage existing loans under the Section 504 loan program of the Small Business Administration. This initiative is aimed at fostering economic growth within the Southeast Texas region. The foundation's activities are geared towards promoting regional development, providing essential support to small businesses in need of financing.
Official website here: www.setedf.org
What is the revenue of Southeast Texas Economic Development Foundation?
Southeast Texas Economic Development Foundation's revenue in 2024 was $280,779.
Official website here: www.setedf.org
Who are the executives of Southeast Texas Economic Development Foundation and what are their salaries?
The average compensation at Southeast Texas Economic Development Foundation during 2024 was $32,279. There are 2 employees and 17 volunteers at Southeast Texas Economic Development Foundation.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.setedf.org
Where can I find the form 990 for Southeast Texas Economic Development Foundation?
Southeast Texas Economic Development Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.setedf.org
Learn more at the official website: www.setedf.org
Mission Statement of Southeast Texas Economic Development Foundation
The Southeast Texas Economic Development Foundation, in its mission, focuses on aiding small businesses within its region. This nonprofit organization assists these businesses in the preparation of loan applications and manages existing loans under the Section 504 loan program of the Small Business Administration (SBA). Beyond this, the foundation actively promotes economic development within the southeast Texas region. By doing so, it contributes to the overall growth and prosperity of the local businesses and community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Southeast Texas Economic Development Foundation plays a crucial role in fostering economic growth in the region. By facilitating the SBA 504 loan program, the foundation actively assists small businesses in preparing loan applications, ensuring they have access to necessary funding. This support not only helps business owners secure financing but also contributes to job creation and community development in Southeast Texas.
Through its efforts to promote regional economic development, the foundation helps build a stronger, more resilient local economy. By enhancing the financial viability of small businesses, it strengthens the overall economic landscape, paving the way for sustainable growth and improving the quality of life for residents in Beaumont and surrounding areas. The foundation’s commitment to supporting entrepreneurs is instrumental in driving innovation, supporting community improvement, and fostering a thriving business environment within the region.
This information is meant to be a general summary of Southeast Texas Economic Development Foundation. 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 2024.
- Investment Income: $1,355
- Program Service Revenue: $273,703
- Gross Receipts: $280,779
Assets and Liabilities:
- Total Assets: $203,887
- Total Liabilities: $21,205
- Net Assets: $182,682
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGIONAL ECONOMIC DEVELOPMENT
Revenue
$94,995
LOAN SERVICING FEES
Revenue
$85,091
LOAN CLOSING FEES
Revenue
$53,327
ADMIN FEES
Revenue
$25,000
ESCROW INTEREST
Revenue
$15,290
Organization Details
Founding Year
1998
Principal Officer
Jim Rich
Website
www.setedf.orgNTEE Category
Code: S300 - Community improvement
If you are a representative of Southeast Texas Economic Development Foundation 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.