Overview
What is Professional And Business Association?
Professional And Business Association is a nonprofit organization based in Collegedale, Tennessee. Their primary mission is to provide affordable loans to churches and church-affiliated schools for construction or renovation projects. They accumulate capital through loans from members and others, and occasionally make direct grants to the local conference of churches to aid in development. The organization operates with a staff of two individuals, focusing on lending operations that support the growth and development of religious institutions.
Is Professional And Business Association legitimate?
Professional And Business Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Professional And Business Association 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:
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What is the mission statement of Professional And Business Association?
The Professional And Business Association's mission is centered around providing financial assistance to churches and church schools. They accomplish this by offering loans at reasonable rates for new and replacement construction projects. The organization accumulates capital for these loans through contributions from its members and others. Additionally, on occasion, the association makes direct grants to the local conference of churches to aid in development projects. The interest earned from loans and lines of credit support the association's lending operations, which primarily fund the construction of churches and church-affiliated schools. The association also contributes to affiliated church organizations to promote growth consistent with its exempt purpose.
Who is the CEO of Professional And Business Association?
Melissa Gano is the President of Professional And Business Association.
What is the revenue of Professional And Business Association?
Professional And Business Association's revenue in 2022 was $478,427.
Who are the executives of Professional And Business Association and what are their salaries?
There are 2 employees at Professional And Business Association.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Professional And Business Association?
Professional And Business Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Professional And Business Association
Professional and Business Association is dedicated to providing financial aid in the form of reasonable interest rate loans to churches and church-affiliated schools for the construction of new buildings or replacements. The organization accumulates this capital through loans given by its members and others. Moreover, Professional and Business Association occasionally extends direct grants to the local conference of churches to aid in their development efforts. By offering these financial resources, the association plays a significant role in supporting the growth of religious institutions and educational facilities.
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Impact
October, 2024
The Professional And Business Association significantly impacts communities by providing essential financial support to churches and church-affiliated schools. By offering loans at reasonable rates, the organization facilitates new construction and the replacement of aging facilities, thereby enhancing the infrastructure vital for spiritual and educational activities.
This financial assistance is accrued through loans from members and other contributors, which not only fosters a sense of community investment but also ensures a sustainable cycle of funding for future projects. Furthermore, the occasional direct grants to the local conference of churches aid in development initiatives, promoting growth and stability within the community.
Ultimately, the association plays a crucial role in community improvement by supporting the physical and operational needs of religious and educational institutions, ensuring they can continue to serve their missions effectively and contribute positively to the lives of individuals and families.
This information is meant to be a general summary of Professional And Business Association. 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: $886
- Program Service Revenue: $477,541
- Gross Receipts: $478,427
Assets and Liabilities:
- Total Assets: $16,793,769
- Total Liabilities: $13,428,358
- Net Assets: $3,365,411
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST FROM LOANS
Revenue
$477,541
Organization Details
Founding Year
1967
Phone
(423) 396-9090Principal Officer
Melissa Gano
Main Address
POBOX 467, COLLEGEDALE, TN, 373150467
NTEE Category
Code: S47 - Community improvement
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