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Lending For Evanston And Northwestern Development

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464859600 ✦ Evanston, IL ✦ Designated as a 501(c)(3)

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Overview

What is Lending For Evanston And Northwestern Development?

Lending For Evanston And Northwestern Development is a nonprofit organization that specializes in providing micro loans to small businesses in Evanston, focusing on underserved markets. By offering average loan amounts of $5,000 or less, this organization aims to support the growth and development of these businesses in the community. The nonprofit's mission is centered around this micro lending service, seeking to contribute positively to the local economy and empower small entrepreneurs in Evanston.


Official website here: www.lendevanston.org

Is Lending For Evanston And Northwestern Development legitimate?

Lending For Evanston And Northwestern Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lending For Evanston And Northwestern Development submitted a form 990EZ, 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.


Official website here: www.lendevanston.org

What is the mission statement of Lending For Evanston And Northwestern Development?

Lending For Evanston And Northwestern Development's mission is centered around dispensing loans to eligible small businesses operating in underserved markets. The organization primarily provides micro-loans, with an average loan amount of $5,000 or less. Their primary focus is on supporting small businesses within the community. This initiative aims to bolster the growth and sustainability of these businesses, thereby contributing to economic development and job creation.


Official website here: www.lendevanston.org

Who is the CEO of Lending For Evanston And Northwestern Development?

Michael Miro is the President of Lending For Evanston And Northwestern Development.


Official website here: www.lendevanston.org

What is the revenue of Lending For Evanston And Northwestern Development?

Lending For Evanston And Northwestern Development's revenue in 2022 was $5,210.


Official website here: www.lendevanston.org

Who are the executives of Lending For Evanston And Northwestern Development and what are their salaries?


Here are 6 key members and their salaries:


Michael Miro (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Rawlings (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Jean-Jacques (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Easter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Panek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alayna Soehlke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lendevanston.org

Where can I find the form 990EZ for Lending For Evanston And Northwestern Development?

Lending For Evanston And Northwestern Development's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.lendevanston.org

Learn more at the official website: www.lendevanston.org

Mission Statement of Lending For Evanston And Northwestern Development

Lending For Evanston And Northwestern Development, as a nonprofit organization, is dedicated to disbursing loans to small businesses operating in underserved markets within the community of Evanston. The organization's primary mission is to provide micro-lending services, with the average loan amounting to $5,000 or less. By focusing on these specific markets, Lending For Evanston And Northwestern Development aims to support and empower small businesses that might otherwise struggle to secure funding from traditional financial institutions. This micro-lending approach plays a vital role in fostering economic growth and development within the Evanston community.

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Impact




August, 2024

Lending For Evanston And Northwestern Development's impact can be seen in the support and empowerment it provides to small businesses in Evanston. By disbursing loans to qualifying small businesses, particularly those in underserved markets, this organization plays a crucial role in driving economic growth and creating opportunities for entrepreneurs in the community. With an average loan amount of $5,000 or less, Lending For Evanston And Northwestern Development enables small businesses to access the capital they need to thrive and succeed. Through its micro lending initiatives, this organization contributes to the development and sustainability of local businesses, ultimately leading to a positive impact on the Evanston community as a whole.




This information is meant to be a general summary of Lending For Evanston And Northwestern Development. 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.

Revenue
$5,210 (2022)
Expenses
$79,193 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $5,210

Assets and Liabilities:

  • Total Assets: $129,139
  • Total Liabilities: $0
  • Net Assets: $129,139

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Organization Details

Principal Officer

Michael Miro

Main Address

PO BOX 526, EVANSTON, IL, 60201

NTEE Category

Code: S43 - Community improvement

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