Overview
What is Up Business Capital?
Up Business Capital is a nonprofit organization situated in Marquette, Michigan. Their primary mission is to offer affordable access to capital for underserved rural markets, utilizing funds from their revolving loan fund. The organization's objective is to provide tailored business solutions, aiming to foster and connect rural economies and their communities.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Up Business Capital has achieved a solid Three-Star rating from Charity Navigator, primarily based on its performance in Accountability & Finance. The organization scored well across various metrics, including a high percentage of independent board members and the absence of material diversion of assets. These positive factors contribute to a strong overall score, indicating responsible financial management.
The nonprofit demonstrates commendable transparency with its policies, having established clear guidelines for conflict of interest, whistleblower protections, and document retention. Additionally, it maintains thorough documentation of board meeting minutes, further underscoring its commitment to accountability and good governance.
One notable strength is the program expense ratio of 81.87%, which reflects a high commitment to programmatic spending relative to overall expenses. However, while the organization performs well in these areas, potential donors might seek more information on its impact and specific programs to ensure alignment with their philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is Up Business Capital legitimate?
Up Business Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Up Business Capital 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: $0
For more financial information, click here
Official website here: www.none
What is the mission statement of Up Business Capital?
Up Business Capital's mission is centered around providing tailored business solutions. Their primary objective is to stimulate and link the economic growth of rural communities. Through their initiatives, they aim to offer affordable access to capital to underserved markets, which is facilitated by their revolving loan fund. This mission ultimately seeks to advance and connect rural economies and their communities.
Official website here: www.none
Who is the CEO of Up Business Capital?
Elissa Sangalli is the President, B of Up Business Capital.
Official website here: www.none
What is the revenue of Up Business Capital?
Up Business Capital's revenue in 2022 was $35,049.
Official website here: www.none
Who are the executives of Up Business Capital and what are their salaries?
There 8 volunteers at Up Business Capital.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $154,983
- Other: $15,717
- Compensation: $0
- Related: $112,371
- Other: $8,067
- 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.none
Learn more at the official website: www.none
Mission Statement of Up Business Capital
Up Business Capital, a nonprofit organization, is dedicated to providing tailored business solutions with the aim of fostering and connecting rural economies. Their mission is to advance these economies and their communities by offering customized business solutions. One of the ways they accomplish this is by providing affordable access to capital to underserved markets through their revolving loan fund. This financial assistance empowers rural businesses, contributing to the growth and prosperity of these communities.
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Impact
August, 2024
Up Business Capital's impact can be seen in their provision of tailored business solutions to advance and connect rural economies. By providing affordable access to capital from their revolving loan fund, they have facilitated economic growth and development in underserved rural markets. Through their efforts, they have positively impacted communities by fostering entrepreneurship, supporting small businesses, and ultimately contributing to the overall improvement of rural economies.
This information is meant to be a general summary of Up Business Capital. 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.
- Investment Income: $8
- Program Service Revenue: $35,041
- Gross Receipts: $35,049
Assets and Liabilities:
- Total Assets: $679,908
- Total Liabilities: $525,861
- Net Assets: $154,047
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$35,041
Organization Details
Founding Year
2002
Phone
(906) 228-5571Principal Officer
Elissa Sangalli
Main Address
101 W WASHINGTON STREET STE 9, MARQUETTE, MI, 49855
Website
www.noneNTEE Category
Code: S40 - Community improvement
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