Sbdc Inc

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

EIN: 311125960 ✦ Springfield, OH ✦ Designated as a 501(c)(4)

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Overview

What is Sbdc Inc?

Sbdc Inc, located at 100 S Limestone St STE 411, Springfield, Ohio 45502, is a nonprofit organization specializing in business assistance. Their primary mission is to support local businesses in Springfield and Clark County, specifically those with 1-50 employees, by providing specialized services, consultations, and offering low-interest financing. This initiative is part of a state mandate aimed at fostering job growth and development within a nine-county area. The organization operates with a staff of six individuals, dedicating their efforts towards uplifting the local business community.


Official website here: www.springfieldsbdc.com

Is Sbdc Inc legitimate?

Sbdc Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Sbdc 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: $71,996
Professional Fundraising Fees: $0
Other Salaries and Wages: $127,618

For more financial information, click here


Official website here: www.springfieldsbdc.com

What is the mission statement of Sbdc Inc?

Sbdc Inc's mission is centered around assisting businesses. They offer specialized services, consultations, and low-interest financing, primarily focusing on businesses with 1-50 employees in specific counties. This organization is mandated by the state to support job growth and development within a nine-county area. Their primary objective is to aid in the development of small businesses, providing essential services to foster their growth and success. They also manage the disbursement and collection of development loans, contributing to the economic development of the targeted communities.


Official website here: www.springfieldsbdc.com

Who is the CEO of Sbdc Inc?

Rob Alexander is the Executive Director of Sbdc Inc.


Official website here: www.springfieldsbdc.com

What is the revenue of Sbdc Inc?

Sbdc Inc's revenue in 2022 was $634,333.


Official website here: www.springfieldsbdc.com

Who are the executives of Sbdc Inc and what are their salaries?

The average compensation at Sbdc Inc during 2022 was $33,269. There are 6 employees at Sbdc Inc.


Here are 11 key members and their salaries:


Rob Alexander (Executive Director)
  • Compensation: $71,996
  • Related: $0
  • Other: $0
Tom Franzen (Ex Officio Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Donohoe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerritt Smith (Baord Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Stoumile (Board Memeber)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Stone (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Couts (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Davis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Sweeney (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Collinsworth (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Nott (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.springfieldsbdc.com

Where can I find the form 990 for Sbdc Inc?

Sbdc Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.springfieldsbdc.com

Learn more at the official website: www.springfieldsbdc.com

Mission Statement of Sbdc Inc

Sbdc Inc, a nonprofit organization, is committed to assisting businesses by offering specialized services, consultation, and low-interest financing. Its mission targets businesses in Springfield and Clark County with 1-50 employees. In addition to this, Sbdc Inc operates under a state mandate to support job growth and development across a nine-county area. The organization's primary goal is to contribute to small business and job development by disbursing and collecting development loans.

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Impact




October, 2024

Sbdc Inc significantly contributes to the economic landscape of Springfield and Clark County by empowering small businesses through specialized services, consultation, and accessible financing options. By targeting businesses with 1-50 employees, Sbdc Inc plays a vital role in facilitating job growth and development in the region. Its efforts not only foster the establishment and sustainability of local enterprises but also promote economic diversity and resilience within a nine-county area. Through the disbursement and collection of development loans, Sbdc Inc enhances the capacity of small businesses to innovate, expand, and create employment opportunities, ultimately driving community improvement and economic vitality.




This information is meant to be a general summary of Sbdc 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
$634,333 (2022)
Expenses
$624,762 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13,592
  • Program Service Revenue: $14,622
  • Gross Receipts: $634,333

Assets and Liabilities:

  • Total Assets: $2,134,707
  • Total Liabilities: $1,952,171
  • Net Assets: $182,536

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Programs

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

MISC PROGRAM REVENUE

Revenue

$9,500

LOAN FEES

Revenue

$5,122

ADMINISTRATIVE SERVICE

Organization Details

Founding Year

1984

Principal Officer

Rob Alexander

Main Address

100 S LIMESTONE ST STE 411, SPRINGFIELD, OH, 45502

NTEE Category

Code: S43 - Community improvement

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