Overview
What is Mississippi Business Finance Corporation?
Mississippi Business Finance Corporation is a nonprofit organization situated in Jackson, Mississippi, specifically at 735 Riverside Drive Suite 300. Their primary mission is to provide loans to qualified small businesses within the state, aiming to stimulate, promote, and develop small business activities in Mississippi. With a workforce of five individuals, they contribute to the growth and prosperity of local enterprises, playing a crucial role in the state's economic landscape.
Official website here: www.msbusinessfinance.com
Is Mississippi Business Finance Corporation legitimate?
Mississippi Business Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Mississippi Business Finance Corporation 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: $428,807
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,655
For more financial information, click here
Official website here: www.msbusinessfinance.com
What is the mission statement of Mississippi Business Finance Corporation?
The Mississippi Business Finance Corporation is dedicated to providing loans to qualified small businesses with the aim of stimulating, promoting, and developing small business activity within the state. Their mission is to advance and support small businesses, ultimately contributing to the economic growth and development of the industry in Mississippi. By offering loans, they aim to foster an environment that encourages entrepreneurship and small business growth.
Official website here: www.msbusinessfinance.com
Who is the CEO of Mississippi Business Finance Corporation?
Larry W Mobley is the Executive Di of Mississippi Business Finance Corporation.
Official website here: www.msbusinessfinance.com
What is the revenue of Mississippi Business Finance Corporation?
Mississippi Business Finance Corporation's revenue in 2022 was $236,406.
Official website here: www.msbusinessfinance.com
Who are the executives of Mississippi Business Finance Corporation and what are their salaries?
The average compensation at Mississippi Business Finance Corporation during 2022 was $106,092. There are 5 employees at Mississippi Business Finance Corporation.
Here are 11 key members and their salaries:
- Compensation: $192,474
- Related: $0
- Other: $40,175
- Compensation: $131,087
- Related: $0
- Other: $30,338
- Compensation: $80,988
- Related: $0
- Other: $22,588
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.msbusinessfinance.com
Where can I find the form 990 for Mississippi Business Finance Corporation?
Mississippi Business Finance Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msbusinessfinance.com
Learn more at the official website: www.msbusinessfinance.com
Mission Statement of Mississippi Business Finance Corporation
Mississippi Business Finance Corporation, as its mission statement suggests, is dedicated to lending funds to qualified small businesses within the state of Mississippi. The primary objective of this organization is to stimulate, promote, and develop small business activity, ultimately aiming to advance these businesses. By providing loans, Mississippi Business Finance Corporation plays a significant role in fostering growth and development within the small business sector of the state.
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Impact
October, 2024
The Mississippi Business Finance Corporation has a significant impact on the state by providing essential financial support to qualified small businesses. By making loans, the organization stimulates, promotes, and develops small business activity across Mississippi. This enhanced access to capital helps entrepreneurs launch new ventures, expand existing businesses, and create jobs, thereby bolstering local economies. The focus on small business advancement fosters community improvement, ultimately contributing to a more vibrant and resilient business landscape in the state. Through its efforts, the Corporation plays a crucial role in supporting economic growth and enhancing the quality of life for Mississippi residents.
This information is meant to be a general summary of Mississippi Business Finance 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$718,588
- Program Service Revenue: $468,813
- Gross Receipts: $236,406
Assets and Liabilities:
- Total Assets: $17,634,207
- Total Liabilities: $1,653,175
- Net Assets: $15,981,032
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IRB FEES
Revenue
$467,500
SED FEES
Revenue
$1,313
Organization Details
Founding Year
1983
Phone
(601) 355-6232Principal Officer
Larry W Mobley
Main Address
735 RIVERSIDE DRIVE SUITE 300, JACKSON, MS, 39202
Website
www.msbusinessfinance.comNTEE Category
Code: S43 - Community improvement
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