Capital Partners Certified Development Company

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

EIN: 581604383 ✦ Atlanta, GA ✦ Designated as a 501(c)(4)

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Overview

What is Capital Partners Certified Development Company?

Capital Partners Certified Development Company is a nonprofit organization that actively participates in the Small Business Administration (SBA) 504 program. Their primary objective is to promote economic growth and community development in Georgia. By offering long-term fixed asset financing through the SBA 504 loan program, they aim to create or preserve job opportunities, stimulate growth, expansion, and modernization of small businesses. This approach ultimately contributes to the overall economic development of the state.


Official website here: www.cpcdc.com

Is Capital Partners Certified Development Company legitimate?

Capital Partners Certified Development Company is a legitimate nonprofit organization registered as a 501(c)(4) entity. Capital Partners Certified Development Company 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: $1,097,370
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,400

For more financial information, click here


Official website here: www.cpcdc.com

What is the mission statement of Capital Partners Certified Development Company?

Capital Partners Certified Development Company's mission is centered around promoting economic growth and community development in Georgia. They achieve this by participating in the SBA 504 program, which provides long-term fixed asset financing. The primary objective is to create or preserve job opportunities and stimulate growth, expansion, and modernization of small businesses. This mission is aimed at fostering economic development in the region.


Official website here: www.cpcdc.com

Who is the CEO of Capital Partners Certified Development Company?

Barbara Wasson is the Director of Capital Partners Certified Development Company.


Official website here: www.cpcdc.com

What is the revenue of Capital Partners Certified Development Company?

Capital Partners Certified Development Company's revenue in 2022 was $2,426,858.


Official website here: www.cpcdc.com

Who are the executives of Capital Partners Certified Development Company and what are their salaries?

The average compensation at Capital Partners Certified Development Company during 2022 was $130,177. There are 10 employees at Capital Partners Certified Development Company.


Here are 16 key members and their salaries:


Nancy Gault (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Headley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawnte Johnson (Vp,Underwriting)
  • Compensation: $110,406
  • Related: $0
  • Other: $31,574
Thomas Kimsey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Walsh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joy Manbeck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Wasson (President)
  • Compensation: $256,944
  • Related: $0
  • Other: $35,834
Tracy Adams (Senior Vp)
  • Compensation: $151,951
  • Related: $0
  • Other: $17,012
Tim Souther (Evp, Sba Lending)
  • Compensation: $318,504
  • Related: $0
  • Other: $35,864
Shelia Greene (Vp, Loan Processing)
  • Compensation: $105,784
  • Related: $0
  • Other: $30,619
Robert Wood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michele Cracraft (Vp, Underwriting)
  • Compensation: $132,657
  • Related: $0
  • Other: $32,687
Leann Massey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Murray (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Simpson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cpcdc.com

Where can I find the form 990 for Capital Partners Certified Development Company?

Capital Partners Certified Development Company's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cpcdc.com

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

Mission Statement of Capital Partners Certified Development Company

Capital Partners Certified Development Company, in its mission, participates in the SBA 504 program with the objective of fostering economic growth and community development in Georgia. This nonprofit organization achieves its goals by providing long-term fixed asset financing through the SBA 504 loan program. By doing so, Capital Partners creates or preserves job opportunities, stimulates growth, expansion, and the modernization of small businesses in the state. In essence, Capital Partners Certified Development Company plays a significant role in supporting economic development in Georgia by aiding small businesses in their growth endeavors.

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Impact




October, 2024

Capital Partners Certified Development Company plays a significant role in enhancing economic development in Georgia. By participating in the SBA 504 program, it fosters economic growth and community development, focusing on creating and preserving job opportunities. Its efforts are geared towards stimulating growth, expansion, and the modernization of small businesses.

The organization achieves these objectives by providing long-term fixed asset financing through the SBA 504 loan program. This financial support helps small businesses secure the capital needed for growth and modernization, ultimately leading to a stronger local economy and improved community conditions. By facilitating these loans, Capital Partners contributes to a thriving business environment that benefits the entire region, driving job creation and promoting sustainable economic vitality.




This information is meant to be a general summary of Capital Partners Certified Development Company. 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
$2,426,858 (2022)
Expenses
$2,053,950 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,510
  • Program Service Revenue: $2,421,348
  • Gross Receipts: $2,426,858

Assets and Liabilities:

  • Total Assets: $2,468,052
  • Total Liabilities: $1,290,122
  • Net Assets: $1,177,930

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Programs

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

Servicing Fee Income

Revenue

$1,388,176

Processing and Origination Fee Income

Revenue

$880,293

Organization Details

Founding Year

1984

Principal Officer

Barbara Wasson

Main Address

1775 The Exchange SE, ATLANTA, GA, 30339

NTEE Category

Code: S31 - Community improvement

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