Overview
What is Shenango Valley Enterprise Zone Corporation?
Shenango Valley Enterprise Zone Corporation is a nonprofit organization located at 165 Euclid Avenue, Sharon, Pennsylvania. Their primary mission is to foster collaborative relationships between the public and private sectors, while attracting grants and offering assistance to small businesses. The corporation achieves this goal by providing low-interest rate loans, totaling $61,000 in new loans during the fiscal year ending June 30, 2022. These loans are issued to businesses within designated Enterprise Zone areas of Mercer County, with the intention of promoting expansion and job creation. The loans serve a public purpose, primarily enhancing the health, safety, and welfare of the community, thereby benefiting its citizens.
Official website here: www.svezc.com
Is Shenango Valley Enterprise Zone Corporation legitimate?
Shenango Valley Enterprise Zone Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Shenango Valley Enterprise Zone 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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For more financial information, click here
Official website here: www.svezc.com
What is the mission statement of Shenango Valley Enterprise Zone Corporation?
The Shenango Valley Enterprise Zone Corporation's mission is primarily focused on stimulating business expansion within designated enterprise zone areas. This organization aims to achieve this by fostering public-private relationships, attracting grants, and providing financial assistance to small businesses. To accomplish this, they offer low-interest rate loans to businesses within the enterprise zone. These loans serve a public purpose, primarily promoting the public's health, safety, or welfare, and ultimately benefit the community's citizens. The primary objective is to create or retain jobs within the enterprise zone.
Official website here: www.svezc.com
Who is the CEO of Shenango Valley Enterprise Zone Corporation?
Brent Ward is the Principal Officer of Shenango Valley Enterprise Zone Corporation.
Official website here: www.svezc.com
What is the revenue of Shenango Valley Enterprise Zone Corporation?
Shenango Valley Enterprise Zone Corporation's revenue in 2022 was $34,392.
Official website here: www.svezc.com
Who are the executives of Shenango Valley Enterprise Zone Corporation and what are their salaries?
Here are 26 key members and their salaries:
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Official website here: www.svezc.com
Where can I find the form 990 for Shenango Valley Enterprise Zone Corporation?
Shenango Valley Enterprise Zone Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.svezc.com
Learn more at the official website: www.svezc.com
Mission Statement of Shenango Valley Enterprise Zone Corporation
The Shenango Valley Enterprise Zone Corporation, in its mission, strives to foster collaborative relationships between the public and private sectors. Their primary objective is to attract grants and offer assistance to small businesses, with a view to stimulating the expansion of businesses and industries within designated Enterprise Zone areas of Mercer County. By doing so, the corporation aims to create or retain job opportunities. To achieve this goal, Shenango Valley Enterprise Zone Corporation provides financial assistance to businesses within the Enterprise Zone through low-interest rate loans. These loans are granted with a public purpose in mind, primarily promoting the health, safety, or welfare of the public at large, and offering overall benefits to the community's citizens.
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Impact
October, 2024
Shenango Valley Enterprise Zone Corporation plays a crucial role in stimulating economic growth and job creation in Mercer County, particularly within designated enterprise zones. By promoting public/private relationships and attracting grants, the organization effectively aids small businesses, which are vital to the local economy.
In the fiscal year ending June 30, 2022, the Corporation provided $61,000 in new loans to small businesses. These low-interest loans are designed to serve a public purpose, ensuring that the businesses funded contribute to the health, safety, and welfare of the community. This financial assistance not only helps businesses expand but also creates and retains jobs in the region, fostering a more vibrant and sustainable local economy.
The impacts of their work resonate within the community, as the financial support encourages business development and improves the overall quality of life for residents. By focusing on the growth of small businesses, Shenango Valley Enterprise Zone Corporation enhances community improvement and contributes significantly to the economic future of Sharon, PA, and beyond.
This information is meant to be a general summary of Shenango Valley Enterprise Zone 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: $8,284
- Program Service Revenue: $26,108
- Gross Receipts: $34,392
Assets and Liabilities:
- Total Assets: $4,022,259
- Total Liabilities: $0
- Net Assets: $4,022,259
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$24,108
LOAN FEES & PENALTIES
Revenue
$2,000
Organization Details
Founding Year
2000
Phone
(724) 342-1300Principal Officer
Brent Ward
Main Address
165 EUCLID AVENUE, SHARON, PA, 16146
Website
www.svezc.comNTEE Category
Code: S20 - Community improvement
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