Overview
What is Capital Access Corporation - Kentucky?
Capital Access Corporation - Kentucky, situated in Louisville, Kentucky, is a nonprofit organization dedicated to fostering the expansion and enhancement of the business communities in Kentucky and Southern Indiana. They achieve this goal by offering financing options through the SBA 504 Loan Program, thereby promoting and supporting the growth and development of local businesses. The organization, employing a team of six individuals, works tirelessly to assist businesses in this region, contributing to their overall economic growth and stability.
Official website here: www.cac-ky.org
Is Capital Access Corporation - Kentucky legitimate?
Capital Access Corporation - Kentucky is a legitimate nonprofit organization registered as a 501(c)(6) entity. Capital Access Corporation - Kentucky 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: $170,660
Professional Fundraising Fees: $0
Other Salaries and Wages: $163,363
For more financial information, click here
Official website here: www.cac-ky.org
What is the mission statement of Capital Access Corporation - Kentucky?
Capital Access Corporation, in its mission, aims to foster and support the expansion and development of business communities in a specific region, which includes Kentucky and Southern Indiana. They achieve this objective by providing financing through the SBA 504 Loan Program. This program is instrumental in assisting businesses in their growth process, ultimately contributing to the overall prosperity of the business communities in the specified region.
Official website here: www.cac-ky.org
Who is the CEO of Capital Access Corporation - Kentucky?
Will Fensterer is the President/Ceo of Capital Access Corporation - Kentucky. The CEO's salary of Capital Access Corporation - Kentucky is $158,210 and their total compensation is $172,285.
Official website here: www.cac-ky.org
What is the revenue of Capital Access Corporation - Kentucky?
Capital Access Corporation - Kentucky's revenue in 2023 was $653,277.
Official website here: www.cac-ky.org
Who are the executives of Capital Access Corporation - Kentucky and what are their salaries?
The average compensation at Capital Access Corporation - Kentucky during 2023 was $55,670. There are 6 employees and 10 volunteers at Capital Access Corporation - Kentucky.
Here are 13 key members and their salaries (Capital Access Corporation - Kentucky's CEO's salary is $158,210 and their total compensation is $172,285):
- Compensation: $158,210
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- Other: $14,075
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Official website here: www.cac-ky.org
Where can I find the form 990 for Capital Access Corporation - Kentucky?
Capital Access Corporation - Kentucky's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cac-ky.org
Learn more at the official website: www.cac-ky.org
Mission Statement of Capital Access Corporation - Kentucky
Capital Access Corporation-Kentucky, as depicted in the provided information, is an organization dedicated to fostering and nurturing the growth and advancement of the business communities in both Kentucky and Southern Indiana. This is achieved through the provision of financing, specifically utilizing the SBA 504 Loan Program. By offering this financial aid, Capital Access Corporation-Kentucky plays a pivotal role in supporting the development of small and medium-sized enterprises, thereby contributing to the overall prosperity and expansion of the business communities within its reach. The mission of Capital Access Corporation-Kentucky is to serve as a catalyst for economic growth and development, empowering businesses to thrive and ultimately strengthening the local economies.
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Impact
October, 2024
Capital Access Corporation - Kentucky plays a pivotal role in fostering economic growth and development in the business communities of Kentucky and Southern Indiana. By providing financing through the SBA 504 loan program, it facilitates access to necessary capital for businesses. This financial support enables entrepreneurs to acquire fixed assets, such as real estate and equipment, which are essential for expansion and sustainability.
The impact of these initiatives is significant, as they not only promote job creation but also enhance the overall economic landscape in the region. By supporting diverse industries, Capital Access Corporation - Kentucky helps to cultivate a vibrant business environment that encourages innovation and investment. The enhancement of local economies and communities through such financial assistance leads to improved quality of life and increased opportunities for residents. Overall, the organization's efforts contribute to a robust and resilient economic future for Kentucky and Southern Indiana.
This information is meant to be a general summary of Capital Access Corporation - Kentucky. 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 2023.
- Investment Income: $97,709
- Program Service Revenue: $554,746
- Gross Receipts: $653,277
Assets and Liabilities:
- Total Assets: $1,270,677
- Total Liabilities: $104,516
- Net Assets: $1,166,161
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SBA 504 LOAN PROGRAM
Revenue
$554,746
Organization Details
Founding Year
1998
Phone
(502) 584-2175Principal Officer
Will Fensterer
Main Address
401 W MAIN ST 2010, LOUISVILLE, KY, 40202
Website
www.cac-ky.orgNTEE Category
Code: N12 - Recreation
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