Overview
What is The St Louis Local Development Co?
The St. Louis Local Development Company, situated at 1520 Market Street 2000, St. Louis, Missouri 63103, is a nonprofit organization that plays a significant role in the community. Its primary mission involves offering pass-through grants obtained from various government agencies to businesses within the city of St. Louis. This initiative aims to stimulate business growth, ultimately providing employment opportunities for the local community. Additionally, the organization extends its services to the small business sector, offering lending options to help these entities thrive in St. Louis, Missouri.
Is The St Louis Local Development Co legitimate?
The St Louis Local Development Co is a legitimate nonprofit organization registered as a 501(c)(6) entity. The St Louis Local Development Co 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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What is the mission statement of The St Louis Local Development Co?
The St. Louis Local Development Company's mission is centered around providing lending services to the small business community. This organization operates with the intent to support local entrepreneurs and businesses, offering them the financial resources they need to grow and thrive. By providing pass-through grants from various government agencies, the company contributes to the development of businesses within the city, ultimately leading to the creation of employment opportunities within the community.
What is the revenue of The St Louis Local Development Co?
The St Louis Local Development Co's revenue in 2023 was $38,083.
Who are the executives of The St Louis Local Development Co and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for The St Louis Local Development Co?
The St Louis Local Development Co's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The St Louis Local Development Co
The St. Louis Local Development Co, in its mission, focuses on providing lending services to the small business community within St. Louis, Missouri. By offering pass-through grants from various government agencies, this organization facilitates business development within the city, ultimately leading to the creation of employment opportunities for the local community. In essence, the St. Louis Local Development Co plays a crucial role in bolstering the city's small business sector and contributing to its economic growth.
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Impact
October, 2024
The St. Louis Local Development Co significantly impacts the small business community in St. Louis, Missouri, by providing essential lending services that facilitate growth and development. Their role in administering pass-through grants from various government agencies is particularly vital, as it allows businesses within the city to access crucial funding for development projects. This financial support not only stimulates business expansion but also creates employment opportunities, contributing to the overall economic vitality of the community. By focusing on local businesses, they help foster a thriving economic environment that benefits residents and enhances community improvement.
This information is meant to be a general summary of The St Louis Local Development Co. 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 2023.
- Investment Income: $532
- Program Service Revenue: $37,541
- Gross Receipts: $38,083
Assets and Liabilities:
- Total Assets: $9,940,991
- Total Liabilities: $10,057,167
- Net Assets: -$116,176
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN SERVICING FEES
Revenue
$37,541
Organization Details
Founding Year
1976
Principal Officer
Otis Williams
NTEE Category
Code: S31 - Community improvement
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