Overview
What is Ashtabula County 503 Corporation?
Ashtabula County 503 Corporation, located at 35 West Jefferson Street, Jefferson, OH 44047, is a nonprofit organization with a single employee. Its primary mission involves obtaining grants to fund low-interest loans, promoting job development in the local area. The organization carries out this mission through the Small Business Administration loan programs and the administration of federal and state grant funds established in a Revolving Loan Fund (RLF). By providing loans, it contributes to the economic growth and employment opportunities in Ashtabula County.
Official website here: www.ac503corp.org
Is Ashtabula County 503 Corporation legitimate?
Ashtabula County 503 Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Ashtabula County 503 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,163
For more financial information, click here
Official website here: www.ac503corp.org
What is the mission statement of Ashtabula County 503 Corporation?
The Ashtabula County 503 Corporation's mission revolves around obtaining grants to fund low-interest loans, which in turn, promote job development in the relevant area. The organization actively participates in Small Business Administration loan programs and manages federal and state grant funds established in a Revolving Loan Fund (RLF). These funds are utilized to provide loans to local businesses, thereby fostering job growth and development.
Official website here: www.ac503corp.org
Who is the CEO of Ashtabula County 503 Corporation?
Jerome Brockway is the Vice Preside of Ashtabula County 503 Corporation.
Official website here: www.ac503corp.org
What is the revenue of Ashtabula County 503 Corporation?
Ashtabula County 503 Corporation's revenue in 2022 was $779,706.
Official website here: www.ac503corp.org
Who are the executives of Ashtabula County 503 Corporation and what are their salaries?
The average compensation at Ashtabula County 503 Corporation during 2022 was $77,163. There is 1 employee at Ashtabula County 503 Corporation.
Here are 9 key members and their salaries:
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Official website here: www.ac503corp.org
Where can I find the form 990 for Ashtabula County 503 Corporation?
Ashtabula County 503 Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ac503corp.org
Learn more at the official website: www.ac503corp.org
Mission Statement of Ashtabula County 503 Corporation
Ashtabula County 503 Corporation, a nonprofit organization, is dedicated to obtaining grants to fund low-interest loans aimed at promoting job development in the specified area. The organization's primary mission is to make these loans available to businesses, leveraging programs from the Small Business Administration and administering federal and state grant funds established in an R.L.F. This strategy enables Ashtabula County 503 Corporation to actively contribute to the growth and development of local businesses, thereby fostering job creation and economic growth within the community.
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Impact
October, 2024
Ashtabula County 503 Corporation plays a vital role in promoting job development in the region by facilitating access to low-interest loans. Through its efforts to secure grants, the organization supports local businesses, enabling them to grow and create jobs. By administering loans in cooperation with the Small Business Administration and managing federal and state grant funds, it ensures that financial resources are available to enterprises that might otherwise struggle to secure financing. This community-focused approach not only stimulates local economies but also fosters a more resilient and diverse business landscape in Ashtabula County. The impact of its initiatives can be seen in the enhanced employment opportunities and economic vitality of the area, contributing significantly to overall community improvement.
This information is meant to be a general summary of Ashtabula County 503 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.
- Program Service Revenue: $175,928
- Gross Receipts: $779,706
Assets and Liabilities:
- Total Assets: $4,635,668
- Total Liabilities: $98,752
- Net Assets: $4,536,916
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$136,253
SERVICE FEES
Revenue
$39,675
Organization Details
Founding Year
1983
Phone
(440) 576-9138Principal Officer
Jerome Brockway
Main Address
35 WEST JEFFERSON STREET, JEFFERSON, OH, 44047
Website
www.ac503corp.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Ashtabula County 503 Corporation 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.