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Lone Star State Capital Corporation

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

EIN: 611564094 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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Overview

What is Lone Star State Capital Corporation?

Lone Star State Capital Corporation is a nonprofit organization dedicated to fostering economic growth and job creation in Texas. They primarily accomplish this by offering SBA 504 loans to small businesses, with a special focus on supporting women and minority-owned enterprises. Their mission revolves around promoting small and minority business lending, aiming to contribute positively to the community and create opportunities for these sectors.


Official website here: www.lonestarscc.org

Is Lone Star State Capital Corporation legitimate?

Lone Star State Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lone Star State Capital Corporation submitted a form 990EZ, 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.


Official website here: www.lonestarscc.org

What is the mission statement of Lone Star State Capital Corporation?

Lone Star State Capital Corporation's mission is centered around stimulating economic growth and fostering job creation. They accomplish this by predominantly offering SBA 504 loans to small businesses, with a particular focus on those owned by women and minorities. The corporation's mission is primarily geared towards supporting small and minority business lending.


Official website here: www.lonestarscc.org

Who is the CEO of Lone Star State Capital Corporation?

Marlon D Mitchell is the President of Lone Star State Capital Corporation.


Official website here: www.lonestarscc.org

What is the revenue of Lone Star State Capital Corporation?

Lone Star State Capital Corporation's revenue in 2023 was $56,242.


Official website here: www.lonestarscc.org

Who are the executives of Lone Star State Capital Corporation and what are their salaries?


Here are 8 key members and their salaries:


Steve Fairfield (Board Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Cheong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Harris (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norma V Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Orlando Saldana (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Goodwille Pierre (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dicarlos Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marlon D Mitchell (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lonestarscc.org

Where can I find the form 990EZ for Lone Star State Capital Corporation?

Lone Star State Capital Corporation's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.lonestarscc.org

Learn more at the official website: www.lonestarscc.org

Mission Statement of Lone Star State Capital Corporation

Lone Star State Capital Corporation, as a mission-driven organization, focuses on stimulating economic growth and fostering job creation primarily for women and minority-owned small businesses. The corporation achieves this goal by providing SBA 504 loans, which serve as a crucial resource for these businesses to secure funding for their growth initiatives. By dedicating its efforts to small and minority business lending, Lone Star State Capital Corporation plays a significant role in empowering these businesses and contributing to the overall economic development of the community.

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Impact




August, 2024

Lone Star State Capital Corporation stimulates economic growth and job creation by providing SBA 504 loans primarily to women and minority small businesses. Its mission is focused on small and minority business lending, helping these underrepresented groups access the capital they need to thrive. By supporting these businesses, Lone Star State Capital Corporation plays a vital role in strengthening the local economy, fostering entrepreneurship, and promoting diversity and inclusion in the business community.




This information is meant to be a general summary of Lone Star State Capital 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
$56,242 (2023)
Expenses
$47,100 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $56,242

Assets and Liabilities:

  • Total Assets: $296,340
  • Total Liabilities: $23,015
  • Net Assets: $273,325

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Organization Details

Principal Officer

Marlon D Mitchell

Main Address

5330 Griggs Road, Houston, TX, 77021

NTEE Category

Code: S43 - Community improvement

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