Overview
What is Enterprise Development Corporation?
Enterprise Development Corporation is a nonprofit organization situated in Columbia, Missouri. With a modest workforce of two individuals, their primary mission is to manage the Small Business Administration (SBA) 504 loan program in the central region of Missouri. This program aims to facilitate business growth and development by providing long-term, fixed-rate financing for eligible small businesses. By administering this program, Enterprise Development Corporation plays a crucial role in fostering economic growth and promoting entrepreneurship in its community.
Official website here: www.entdevcorp.org
Is Enterprise Development Corporation legitimate?
Enterprise Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Enterprise Development 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: $100,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,742
For more financial information, click here
Official website here: www.entdevcorp.org
What is the mission statement of Enterprise Development Corporation?
The Enterprise Development Corporation's mission is centered around managing the Small Business Administration (SBA) 504 loan program in a specific region. Their primary objective is to facilitate this loan program, which is designed to support small businesses, in a particular geographical area, specifically in central Missouri. By administering this program, they contribute to the economic growth and development of local businesses, providing them with financial resources to expand and thrive. The corporation's role is crucial in fostering entrepreneurship and promoting business growth by making these loan programs accessible and manageable.
Official website here: www.entdevcorp.org
What is the revenue of Enterprise Development Corporation?
Enterprise Development Corporation's revenue in 2024 was $285,548.
Official website here: www.entdevcorp.org
Who are the executives of Enterprise Development Corporation and what are their salaries?
The average compensation at Enterprise Development Corporation during 2024 was $86,211. There are 2 employees and 9 volunteers at Enterprise Development Corporation.
Here are 9 key members and their salaries:
- Compensation: $100,680
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.entdevcorp.org
Where can I find the form 990 for Enterprise Development Corporation?
Enterprise Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.entdevcorp.org
Learn more at the official website: www.entdevcorp.org
Mission Statement of Enterprise Development Corporation
Enterprise Development Corporation, as evident from the provided information, is an organization that is dedicated to fulfilling a specific mission. This mission involves the administration of the Small Business Administration (SBA) 504 loan program in a particular region, namely central Missouri. By managing this program, Enterprise Development Corporation plays a significant role in supporting small businesses in the area by providing them with financing options. This mission is crucial for the growth and development of local enterprises, thereby contributing to the overall economic well-being of the community. The corporation's role in administering the SBA 504 loan program is essential as it helps small businesses secure long-term, fixed-rate financing for their operational needs, such as purchasing real estate or equipment, thereby promoting business expansion and job creation.
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Impact
October, 2024
Enterprise Development Corporation plays a significant role in facilitating economic growth and community improvement in central Missouri through its administration of the SBA 504 loan program. By providing accessible financing options for small businesses, it empowers entrepreneurs to acquire fixed assets such as real estate and equipment, which are crucial for their expansion and sustainability.
The impact of this initiative is multifaceted. Small businesses benefit from lower down payment requirements and longer repayment terms compared to traditional financing, which alleviates financial pressure and fosters a more stable business environment. In turn, this leads to job creation and retention within the community, stimulating local economies.
Moreover, by promoting the growth of small businesses, the Enterprise Development Corporation contributes to a vibrant marketplace that supports innovation and competition. Its focus on community improvement enhances the overall quality of life for residents in Columbia, MO, as thriving businesses can lead to increased local services, better infrastructure, and a more dynamic economic landscape.
This information is meant to be a general summary of Enterprise Development 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 2024.
- Investment Income: $45,933
- Program Service Revenue: $223,578
- Gross Receipts: $285,548
Assets and Liabilities:
- Total Assets: $297,250
- Total Liabilities: $16,813
- Net Assets: $280,437
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICING FEES
Revenue
$165,021
ORIGINATION FEES
Revenue
$50,057
CLOSING LEGAL FEES
Revenue
$8,500
Organization Details
Founding Year
1983
Principal Officer
Donna Delong
Website
www.entdevcorp.orgNTEE Category
Code: S43 - Community improvement
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