Overview
What is Southern Bancorp Capital Partners?
Southern Bancorp Capital Partners is a nonprofit organization situated in Little Rock, Arkansas, specifically at 400 Hardin Rd 100. Their primary mission is to stimulate economic growth in distressed rural communities. They achieve this by offering community development services. With a team of 12 dedicated individuals, they work tirelessly to create economic opportunities in these rural areas, contributing to their overall well-being.
Official website here: www.southernpartners.org
What are the reviews and ratings of this charity?
97% Rating from Charity Navigator
Southern Bancorp Capital Partners has achieved an impressive Four-Star out of Four Star rating, reflecting a high level of accountability and financial health. With a perfect score in several categories, including independent board member representation and the absence of asset diversion, the organization demonstrates a strong commitment to transparent governance and ethical practices.
The fiscal management of Southern Bancorp is particularly noteworthy, as indicated by their program expense ratio of 76.84% and a remarkable fundraising efficiency ratio of just $0.02. This suggests that the organization is effective in utilizing its resources to fund its programs while keeping fundraising costs minimal, which is a significant advantage for its sustainability and impact.
While the organization excels in various areas of accountability and finance, there are no significant limitations mentioned in the available data. However, stakeholders may still want to explore broader impacts beyond financial metrics to gain a comprehensive understanding of the nonprofit's overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Bancorp Capital Partners legitimate?
Southern Bancorp Capital Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Bancorp Capital Partners 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: $47,502
Professional Fundraising Fees: $0
Other Salaries and Wages: $553,372
For more financial information, click here
Official website here: www.southernpartners.org
What is the mission statement of Southern Bancorp Capital Partners?
Southern Bancorp Capital Partners' mission is centered around fostering economic opportunities in distressed rural communities. This organization strives to achieve this goal by offering community development services to disadvantaged rural areas, aiming to improve their overall economic landscape. Their activities are designed to revitalize these communities, ultimately enhancing their overall well-being.
Official website here: www.southernpartners.org
Who is the CEO of Southern Bancorp Capital Partners?
Anthony Young is the Chair of Southern Bancorp Capital Partners.
Official website here: www.southernpartners.org
What is the revenue of Southern Bancorp Capital Partners?
Southern Bancorp Capital Partners's revenue in 2022 was $3,481,550.
Official website here: www.southernpartners.org
Who are the executives of Southern Bancorp Capital Partners and what are their salaries?
The average compensation at Southern Bancorp Capital Partners during 2022 was $50,073. There are 12 employees and 40 volunteers at Southern Bancorp Capital Partners.
Here are 11 key members and their salaries:
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.southernpartners.org
Where can I find the form 990 for Southern Bancorp Capital Partners?
Southern Bancorp Capital Partners's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southernpartners.org
Learn more at the official website: www.southernpartners.org
Mission Statement of Southern Bancorp Capital Partners
Southern Bancorp Capital Partners is dedicated to fostering economic opportunities in distressed rural communities. Their mission, in simple terms, is to revitalize these areas by providing community development services to disadvantaged populations. They strive to create a sustainable and prosperous future for these communities, thereby enhancing their overall well-being. Their programs and initiatives are designed to uplift these rural areas, contributing to their economic growth and development.
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Impact
July, 2024
Southern Bancorp Capital Partners is creating economic opportunities in distressed rural communities by providing community development services to disadvantaged areas. Through their programs, they are working to uplift these communities, promote economic growth, and address the needs of residents in underserved areas. Their impact is significant in promoting community improvement and generating positive change in rural regions.
This information is meant to be a general summary of Southern Bancorp Capital Partners. 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: $101,432
- Program Service Revenue: $1,030,570
- Gross Receipts: $3,510,328
Assets and Liabilities:
- Total Assets: $41,114,876
- Total Liabilities: $12,804,675
- Net Assets: $28,310,201
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - LOAN
Revenue
$913,601
FEE INCOME
Revenue
$116,969
Organization Details
Founding Year
1987
Phone
(870) 246-1026Principal Officer
Anthony Young
Main Address
400 HARDIN RD 100, LITTLE ROCK, AR, 72211
Website
www.southernpartners.orgNTEE Category
Code: S30 - Community improvement
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