Overview
What is Center For Rural Affairs Community Capital?
The Center For Rural Affairs Community Capital is a nonprofit organization based in Lyons, Nebraska. Their primary mission is to support rural entrepreneurs and community development across Nebraska. They offer microloans, training, and technical assistance to aid small businesses in their growth. By providing financing and technical assistance, they contribute to the general development of local communities. In summary, the Center For Rural Affairs Community Capital plays a crucial role in fostering economic growth and sustenance in rural Nebraska.
What are the reviews and ratings of this charity?
Charity Navigator rating: 94% (Four-Star out of Four Star rating)
The Center For Rural Affairs Community Capital has achieved a high rating of 94%, which reflects strong performance in accountability and finance as assessed by Charity Navigator. This score is particularly significant as it indicates a high level of transparency and responsible financial management, critical for maintaining donor trust and support.
The organization excels in various key areas, notably with a fully independent board, which enhances its governance structure. Their financial statements are closely monitored through an Audit and Oversight Committee, and they exhibit no material diversion of assets, indicating effective resource management. Additionally, their impressive program expense ratio of 90.28% demonstrates a commitment to channeling funds directly into their programs, further underscoring their operational effectiveness.
While the data does not indicate any major limitations, it is essential to consider that the rating is based solely on accountability and finance. Potential supporters may want to research further into the organization's program outcomes and community impact for a comprehensive understanding of its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Center For Rural Affairs Community Capital legitimate?
Center For Rural Affairs Community Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Rural Affairs Community 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: $295,901
For more financial information, click here
What is the mission statement of Center For Rural Affairs Community Capital?
The Center for Rural Affairs Community Capital is dedicated to providing support for small businesses and community development in general. Specifically, they offer financing and technical assistance to rural entrepreneurs across various regions. Their central mission is embodied in their Microloan Program, which extends loans, training, and technical assistance to micro entrepreneurs in rural Nebraska. This program aims to empower local businesses and contribute to the overall development of these communities.
Who is the CEO of Center For Rural Affairs Community Capital?
Brian Depew is the Executive Director of Center For Rural Affairs Community Capital.
What is the revenue of Center For Rural Affairs Community Capital?
Center For Rural Affairs Community Capital's revenue in 2022 was $2,121,354.
Who are the executives of Center For Rural Affairs Community Capital and what are their salaries?
There 6 volunteers at Center For Rural Affairs Community Capital.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $139,530
- Other: $18,925
- 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
Where can I find the form 990 for Center For Rural Affairs Community Capital?
Center For Rural Affairs Community Capital's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Center For Rural Affairs Community Capital
The Center for Rural Affairs Community Capital, a nonprofit organization, is dedicated to facilitating financial aid and technical assistance for small businesses and community development projects. In essence, their mission is to bolster rural entrepreneurship and general community development across various regions.
A key aspect of their work is the Microloan Program, which extends loans, training, and technical assistance to aspiring micro-entrepreneurs scattered throughout rural Nebraska. This program aims to empower these individuals, offering them the necessary resources to establish and grow their businesses, thereby contributing to the overall development of their communities.
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Impact
June, 2024
Center For Rural Affairs Community Capital's impact is significant in providing crucial financing and technical assistance to small businesses and supporting community development in rural areas. Through its microloan program, the organization offers loans, training, and technical assistance to rural micro-entrepreneurs across the entirety of rural Nebraska. This support helps empower individuals to start and grow their businesses, contributing to the overall economic development and sustainability of rural communities. By focusing on environment-friendly practices, Center For Rural Affairs Community Capital is making a positive impact on both the local economy and the environment.
This information is meant to be a general summary of Center For Rural Affairs Community 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: $1,750
- Program Service Revenue: $356,150
- Gross Receipts: $2,121,354
Assets and Liabilities:
- Total Assets: $12,206,202
- Total Liabilities: $4,285,870
- Net Assets: $7,920,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAP INTEREST INCOME
Revenue
$290,656
FEES AND REIMBURSEMENTS
Revenue
$65,494
Organization Details
Founding Year
1996
Phone
(402) 687-2103Principal Officer
Brian Depew
Main Address
PO BOX 136, LYONS, NE, 68038
NTEE Category
Code: C32 - Environment
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