Overview
What is Great Rivers Community Trust?
Great Rivers Community Trust is a nonprofit organization based in Zebulon, North Carolina. Their primary focus is to provide technical assistance and capital to Community Development Financial Institutions (CDFIs), helping them originate small business loans under $50,000 for entrepreneurs who lack access to traditional bank loans. This initiative primarily targets entrepreneurs of color, women entrepreneurs, and small businesses in low-to-moderate income census tracts, with under $1 million in gross annual revenue. The organization's mission is to support CDFIs through the creation and ongoing development of a secondary market for their small business loans, and it operates under the legal framework of a nonprofit corporation organized under Missouri law.
Is Great Rivers Community Trust legitimate?
Great Rivers Community Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Rivers Community Trust 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of Great Rivers Community Trust
Great Rivers Community Trust, a nonprofit organization, is dedicated to supporting Community Development Financial Institutions (CDFIs) by establishing and fostering a secondary market for their small business loans. The primary goal of this trust is to provide CDFIs with the necessary resources to expand their lending capacity and serve underserved communities more effectively. Additionally, Great Rivers Community Trust exercises any and all lawful powers of a nonprofit corporation organized under Missouri law, ensuring it adheres to the guidelines set forth in the Internal Revenue Code Section 501(C)(3). This means the organization's purpose is restricted to activities that are recognized as tax-exempt by the Internal Revenue Service.
Impact
This information is meant to be a general summary of Great Rivers Community Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Great Rivers Community Trust's impact is creating pathways for entrepreneurs of color and women entrepreneurs in low-to-moderate income census tracts to access the capital they need to grow their businesses. By providing technical assistance and capital to community development financial institutions (CDFIs), Great Rivers Community Trust is empowering these underserved entrepreneurs to access small business loans under $50,000, fostering economic development and financial inclusion in their communities.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$63,235
Organization Details
Founding Year
2001
Phone
(812) 764-0097
Principal Officer
Robert Villarreal
Main Address
33 S CHESAPEAKE WAY, ZEBULON, NC, 27597
NTEE Category
Code: B99 - Education
If you are a representative of Great Rivers Community Trust 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.