nonprofit logo

Small Business Assistance Corporation

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

EIN: 581526202 ✦ Savannah, GA ✦ Designated as a 501(c)(3)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Small Business Assistance Corporation?

The Small Business Assistance Corporation is a specialized, nonprofit organization, licensed by the U.S. Small Business Administration and contracted by the City of Savannah, Georgia. Their primary mission is to promote small business development in the region, focusing on three key areas: access to capital, management assistance, and business opportunities. Based in Savannah, at 111 E Liberty Street Suite 100, this nonprofit organization aims to foster economic development, contributing to the local and surrounding community's growth. With a team of 19 dedicated individuals, the Small Business Assistance Corporation strives to support the growth and success of local businesses.


Official website here: www.sbacsav.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 84%, Three-Star out of Four Star rating

The Small Business Assistance Corporation has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 84% in accountability and finance. This rating highlights the organization's commitment to transparency and effective governance, with a fully independent board comprising 15 members. Additionally, the absence of any material diversion of assets reinforces the organization's financial integrity.

Strengths of the Small Business Assistance Corporation include a robust accountability framework, as evidenced by high scores in categories such as financial statements oversight and a well-documented conflict of interest policy. The organization also maintains a favorable liabilities to assets ratio of 43.42%, indicating sound financial management practices. The program expense ratio of 63.52% shows a significant portion of funds is allocated to programmatic activities, reflecting a focus on mission-driven work.

However, it is important to note that the organization lacks a whistleblower policy, which could be a potential area for improvement in its governance practices. While the corporation demonstrates strong fiscal responsibility, enhancing its compliance with best practices in governance could further bolster its rating and public trust.


This AI summary has been generated from information found on Charity Navigator.

Is Small Business Assistance Corporation legitimate?

Small Business Assistance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Small Business Assistance 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: $111,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $704,403

For more financial information, click here


Official website here: www.sbacsav.com

What is the mission statement of Small Business Assistance Corporation?

The Small Business Assistance Corporation, a nonprofit organization licensed by the U.S. Small Business Administration, is dedicated to fostering economic development. Its mission is to promote small business growth in a specific region, not specified in the provided information. The corporation achieves this mission by providing access to capital, management assistance, and business opportunities. This specialized organization, contracted by the City of Savannah, aims to support and empower local small businesses in their growth and development.


Official website here: www.sbacsav.com

Who is the CEO of Small Business Assistance Corporation?

Hugh Anthony O'Reilly is the Chairman of Small Business Assistance Corporation.


Official website here: www.sbacsav.com

What is the revenue of Small Business Assistance Corporation?

Small Business Assistance Corporation's revenue in 2022 was $1,539,306.


Official website here: www.sbacsav.com

Who are the executives of Small Business Assistance Corporation and what are their salaries?

The average compensation at Small Business Assistance Corporation during 2022 was $42,964. There are 19 employees and 30 volunteers at Small Business Assistance Corporation.


Here are 22 key members and their salaries:


Brendan Ferrara (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
T Brett Goodwin (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine Campbell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wesley Olliff (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Brooks (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Vos (Loan Committ)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Rott (Assistant Se)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Martin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
W Clay Price (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Sulka (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Gannam (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leia Dedic (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Wilson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Pannell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr John Schoettle Dvm (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joey Bell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Quentin Marlin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl Bohnstedt (Ex-Officio T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey A Heeder (Ex-Officio T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Torpie (Ex-Officio T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald P Weller (Ex-Officio T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hugh Anthony O'Reilly (Executive Di)
  • Compensation: $117,871
  • Related: $0
  • Other: $28,533


Official website here: www.sbacsav.com

Where can I find the form 990 for Small Business Assistance Corporation?

Small Business Assistance Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sbacsav.com

Learn more at the official website: www.sbacsav.com

Mission Statement of Small Business Assistance Corporation

The Small Business Assistance Corporation, a specialized nonprofit organization, is dedicated to fostering economic development in its region, which encompasses Savannah, Georgia, and its surrounding areas. Its mission, as outlined by its exempt purpose, is centered around promoting the growth and development of small businesses. This is achieved through three key program areas: access to capital, access to management assistance, and business opportunity. The organization, licensed by the U.S. Small Business Administration and contracted by the City of Savannah, aims to facilitate the expansion and success of small businesses within its jurisdiction.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




July, 2024

The Small Business Assistance Corporation plays a crucial role in fostering economic development in Savannah, Georgia, and the surrounding region. By providing specialized business development services, including access to capital, management assistance, and business opportunities, the organization empowers small businesses to grow and thrive. As a licensed entity by the U.S. Small Business Administration and contracted by the City of Savannah, the impact of the Small Business Assistance Corporation extends to improving the local economy, creating job opportunities, and contributing to the overall community improvement in the region.




This information is meant to be a general summary of Small Business Assistance 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.

Revenue
$1,539,306 (2022)
Expenses
$1,547,288 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $247,402
  • Program Service Revenue: $404,573
  • Gross Receipts: $1,549,641

Assets and Liabilities:

  • Total Assets: $17,970,431
  • Total Liabilities: $6,286,769
  • Net Assets: $11,683,662

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN SERVICING

Revenue

$404,573

Organization Details

Founding Year

1982

Principal Officer

Hugh Anthony O'Reilly

Main Address

111 E LIBERTY STREET SUITE 100, SAVANNAH, GA, 31401

NTEE Category

Code: S31 - Community improvement

If you are a representative of Small Business Assistance Corporation 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.