Overview
What is Florida First Capital Finance Corporation Inc?
Florida First Capital Finance Corporation Inc is a Tallahassee, Florida-based nonprofit organization committed to ensuring small businesses in their operational region have sufficient access to capital necessary for growth and economic activity in their communities. They administer various loan programs, including the Small Business Administration 504 Loan Program and the Florida Recycling Development Fund. The organization's mission involves loan packaging, closing, and administration under federal, state, and local loan programs. In times of disaster, they deliver and administer emergency loan funds for affected small businesses. With a team of 72 employees, Florida First Capital Finance Corporation Inc plays a significant role in Florida's small business community and economic development.
Official website here: www.ffcfc.org
Is Florida First Capital Finance Corporation Inc legitimate?
Florida First Capital Finance Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Florida First Capital Finance Corporation Inc 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: $707,719
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,979,492
For more financial information, click here
Official website here: www.ffcfc.org
What is the mission statement of Florida First Capital Finance Corporation Inc?
Florida First Capital Finance Corporation Inc is dedicated to providing economic development assistance and ensuring access to capital for small businesses in the state, facilitating loan packaging, closing, and administration under federal, state, and local loan programs. In times of disaster, the organization extends its support by delivering and administering emergency loan funds for affected small businesses.
Official website here: www.ffcfc.org
Who is the CEO of Florida First Capital Finance Corporation Inc?
Todd G Kocourek is the Board Member of Florida First Capital Finance Corporation Inc. The CEO's salary of Florida First Capital Finance Corporation Inc is $619,751 and their total compensation is $707,719.
Official website here: www.ffcfc.org
What is the revenue of Florida First Capital Finance Corporation Inc?
Florida First Capital Finance Corporation Inc's revenue in 2021 was $12,402,139.
Official website here: www.ffcfc.org
Who are the executives of Florida First Capital Finance Corporation Inc and what are their salaries?
The average compensation at Florida First Capital Finance Corporation Inc during 2021 was $92,878. There are 72 employees and 21 volunteers at Florida First Capital Finance Corporation Inc.
Here are 15 key members and their salaries (Florida First Capital Finance Corporation Inc's CEO's salary is $619,751 and their total compensation is $707,719):
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- Compensation: $619,751
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- Other: $87,968
- Compensation: $552,621
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- Other: $60,501
- Compensation: $322,494
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- Other: $48,979
- Compensation: $320,000
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- Other: $52,116
- Compensation: $435,369
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- Other: $62,675
- Compensation: $571,897
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- Other: $60,667
Official website here: www.ffcfc.org
Where can I find the form 990 for Florida First Capital Finance Corporation Inc?
Florida First Capital Finance Corporation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.ffcfc.org
Learn more at the official website: www.ffcfc.org
Mission Statement of Florida First Capital Finance Corporation Inc
Florida First Capital Finance Corporation Inc is a dedicated organization, committed to facilitating economic development and ensuring access to capital for small businesses in Florida. Through their expert loan packaging, closing, and administration under federal, state, and local loan programs, they play a vital role in supporting the small business community. In addition to conventional loan programs, Florida First Capital Finance Corporation Inc extends its reach by administering funds under various state emergency loan programs, specifically for small businesses affected by disasters.
In essence, the mission of Florida First Capital Finance Corporation Inc revolves around two primary goals: economic development and access to capital. By offering their services under a multitude of loan programs, they provide invaluable assistance to small businesses, enabling them to thrive and contribute to Florida's economy. Furthermore, during times of crisis, the organization extends a helping hand to disaster-affected small businesses, offering them the much-needed financial support to recover and rebuild. Florida First Capital Finance Corporation Inc is a beacon of hope for small business owners in the Sunshine State, empowering them with the resources they need to succeed.
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Impact
October, 2024
Florida First Capital Finance Corporation Inc plays a crucial role in fostering economic development in Florida by ensuring that small businesses have the financial resources they need to thrive. Through comprehensive loan packaging, closing, and administration, the organization facilitates access to both federal and state loan programs specifically designed for small enterprises.
By managing the Small Business Administration 504 Loan Program, Florida First Capital helps businesses secure funding for significant investments in properties and equipment, which are vital for their growth and sustainability. Additionally, the organization administers loans from the Florida Recycling Development Fund, promoting environmental sustainability while supporting small businesses seeking to invest in recycling initiatives.
In times of crisis, the organization swiftly delivers financial assistance through state emergency loan programs tailored for disaster-affected businesses, helping them recover and continue operations. The overall impact of Florida First Capital extends beyond just financial support; it promotes job creation, enhances community economic activity, and strengthens the local economy, ultimately benefiting the wider Florida community.
This information is meant to be a general summary of Florida First Capital Finance Corporation Inc. 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 2021.
- Investment Income: $92,738
- Program Service Revenue: $12,309,401
- Gross Receipts: $12,402,139
Assets and Liabilities:
- Total Assets: $141,828,731
- Total Liabilities: $129,140,237
- Net Assets: $12,688,494
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICING FEES
Revenue
$4,953,983
PROCESSING FEES
Revenue
$4,945,780
OTHER PROGRAM INCOME
Revenue
$1,979,533
LOAN FEE INCOME
Revenue
$177,463
FLOAT INTEREST
Revenue
$136,330
Organization Details
Founding Year
1983
Phone
(850) 681-3601Principal Officer
Todd G Kocourek
Main Address
PO BOX 4166, TALLAHASSEE, FL, 323154166
Website
www.ffcfc.orgNTEE Category
Code: S30 - Community improvement
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