Overview
What is Shenandoah Community Capital Fund Inc?
Shenandoah Community Capital Fund Inc is a nonprofit organization situated in Staunton, Virginia, specifically at 11 N Central Ave 2nd Floor, dedicated to fostering a more inclusive and equitable business environment for entrepreneurs and small business owners within the Shenandoah Valley region. Their services encompass providing loans ranging from $500 to $50,000 to startups, existing small businesses, and entrepreneurs, offering technical assistance throughout the loan period. Additionally, they offer acceleration and business incubation programs to entrepreneurs aiming to establish, maintain, or grow scalable businesses in the Shenandoah Valley. They also conduct community-based training classes and workshops on various business management topics and collaborate with regional organizations to support entrepreneurial activities. Employing ten individuals, Shenandoah Community Capital Fund Inc strives to create a thriving ecosystem that empowers entrepreneurship and small business development in Virginia.
Official website here: www.sccfva.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating. The Shenandoah Community Capital Fund Inc demonstrates a solid performance with its 87% score, reflecting effective management and financial practices. The high scores in Accountability & Finance showcase their commitment to transparency and responsible resource allocation, with notable strengths in their independent board structure and strong policies regarding conflict of interest and whistleblower protections.
However, the organization faces challenges in certain areas, notably its liabilities to assets ratio, which stands at 67.13%. While they excel in program expense, indicating that a significant portion of their expenses directly support their mission, the overall financial health may warrant further examination. Their score in Leadership & Adaptability, which is notably high, indicates strong investment in leadership development and community engagement.
In terms of culture and community, the organization scores exceptionally well, with perfect scores in feedback collection, usage, and equity strategies. This suggests that they prioritize community input and are effectively integrating it into their operations. Overall, while Shenandoah Community Capital Fund Inc shows strong organizational strengths, continued attention to financial liabilities and asset management will be essential for sustained growth and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Shenandoah Community Capital Fund Inc legitimate?
Shenandoah Community Capital Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shenandoah Community Capital 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: $101,577
Professional Fundraising Fees: $0
Other Salaries and Wages: $309,381
For more financial information, click here
Official website here: www.sccfva.org/
What is the mission statement of Shenandoah Community Capital Fund Inc?
Shenandoah Community Capital Fund Inc's mission is centered around creating a more accessible and equitable environment for entrepreneurs and small business owners. The organization aims to achieve this by providing financing and development services, including loans ranging from $500 to $500,000 to various businesses. Additionally, they offer technical assistance, acceleration and business incubation programs, and community-based training classes and workshops. Furthermore, Shenandoah Community Capital Fund Inc strives to build and sustain an ecosystem that leverages partnerships throughout the region to support entrepreneurial activities.
Official website here: www.sccfva.org/
Who is the CEO of Shenandoah Community Capital Fund Inc?
Deborah Irwin is the President of Shenandoah Community Capital Fund Inc.
Official website here: www.sccfva.org/
What is the revenue of Shenandoah Community Capital Fund Inc?
Shenandoah Community Capital Fund Inc's revenue in 2022 was $937,977.
Official website here: www.sccfva.org/
Who are the executives of Shenandoah Community Capital Fund Inc and what are their salaries?
The average compensation at Shenandoah Community Capital Fund Inc during 2022 was $41,096. There are 10 employees and 43 volunteers at Shenandoah Community Capital Fund Inc.
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- Compensation: $72,769
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- Other: $2,236
Official website here: www.sccfva.org/
Where can I find the form 990 for Shenandoah Community Capital Fund Inc?
Shenandoah Community Capital Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sccfva.org/
Learn more at the official website: www.sccfva.org/
Mission Statement of Shenandoah Community Capital Fund Inc
Shenandoah Community Capital Fund Inc, a nonprofit organization, is dedicated to constructing a more inclusive and equitable business environment for entrepreneurs and small business owners. Their vision is to foster an accessible ecosystem for these individuals in the Shenandoah Valley of Virginia. To accomplish this, Shenandoah Community Capital Fund Inc offers a range of services, including providing loans ranging from $500 to $50,000 to entrepreneurs, startups, or existing small businesses. They offer technical assistance throughout the life of the loan, ensuring the borrowers have the necessary support to succeed.
In addition to financing, Shenandoah Community Capital Fund Inc also offers acceleration and business incubation programs to entrepreneurs aiming to start, sustain, or grow scalable businesses in the Shenandoah Valley. Furthermore, they provide community-based training classes and workshops on various topics related to business management. By leveraging organizational partnerships throughout the region, Shenandoah Community Capital Fund Inc works to build and sustain an ecosystem that supports entrepreneurial activity.
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Impact
October, 2024
Shenandoah Community Capital Fund Inc. significantly impacts the entrepreneurial landscape in the Shenandoah Valley of Virginia by fostering a more accessible and equitable business ecosystem. By providing loans ranging from $500 to $50,000, it enables entrepreneurs, startups, and existing small businesses to secure the necessary financial resources to launch, sustain, or grow their ventures.
In addition to financial support, the organization offers comprehensive technical assistance to loan clients throughout the term of their financing, ensuring that businesses receive the guidance they need to thrive. The acceleration and business incubation programs further cultivate scalable enterprises, equipping entrepreneurs with the tools and resources to navigate the complexities of the business world.
Moreover, the community-based training classes and workshops cover a diverse array of topics relevant to effective business management, empowering local business owners with knowledge and skills essential for success. By fostering partnerships with various organizations throughout the region, Shenandoah Community Capital Fund also promotes a collaborative environment that enhances entrepreneurial activity. This multifaceted approach not only nurtures individual businesses but also strengthens the overall economic vitality of the Shenandoah Valley.
This information is meant to be a general summary of Shenandoah Community Capital 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $76
- Program Service Revenue: $35,478
- Gross Receipts: $937,977
Assets and Liabilities:
- Total Assets: $739,062
- Total Liabilities: $422,383
- Net Assets: $316,679
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN PROGRAM INTEREST
Revenue
$21,720
TRAINING FEES
Revenue
$13,258
VIDA PROGRAM INCOME
Revenue
$500
Organization Details
Founding Year
2008
Phone
(540) 213-0333Principal Officer
Deborah Irwin
Main Address
11 N CENTRAL AVE 2ND FLOOR, STAUNTON, VA, 24401
Website
www.sccfva.org/NTEE Category
Code: S31 - Community improvement
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