Overview
What is Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades?
Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades, often referred to as COFECC, is a nonprofit organization situated in San Juan, Puerto Rico. Their primary mission is to promote, facilitate, and execute economic development, community revitalization, and long-term job creation and retention. They achieve this by supporting self-employment, businesses, credit education, and entrepreneurship through the establishment or expansion of micro, small, and medium-sized enterprises. During the year, they successfully closed 11 loans totaling $252,614 as part of the SBA Microloan Demonstration Program. The organization is staffed by 14 dedicated individuals.
Official website here: www.https: www.lendreams.com
Is Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades legitimate?
Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades 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: $179,110
Professional Fundraising Fees: $0
Other Salaries and Wages: $141,627
For more financial information, click here
Official website here: www.https: www.lendreams.com
What is the mission statement of Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades?
The mission of Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades is centered around promoting, facilitating, and executing economic development and community revitalization. Their primary focus is on long-term job creation and retention, self-employment, and business growth. They achieve this goal by providing education and entrepreneurship opportunities, with a particular emphasis on establishing or expanding micro, small, and medium-sized enterprises. This organization's activities aim to foster a business and credit-educated community, ultimately contributing to economic growth. For instance, the SBA Microloan Demonstration Program, which closed 11 new loans during the year, totaling $252,614, is one of their initiatives to support this mission.
Official website here: www.https: www.lendreams.com
Who is the CEO of Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades?
Giovanna Piovanetti is the Executive Director of Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades.
Official website here: www.https: www.lendreams.com
What is the revenue of Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades?
Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades's revenue in 2022 was $779,991.
Official website here: www.https: www.lendreams.com
Who are the executives of Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades and what are their salaries?
The average compensation at Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades during 2022 was $22,910. There are 14 employees at Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades.
Here are 14 key members and their salaries:
- Compensation: $105,000
- Related: $0
- Other: $6,000
- Compensation: $61,350
- Related: $0
- Other: $6,000
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $625
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,275
- Related: $0
- Other: $0
- Compensation: $1,850
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $1,510
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
Official website here: www.https: www.lendreams.com
Where can I find the form 990 for Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades?
Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.https: www.lendreams.com
Learn more at the official website: www.https: www.lendreams.com
Mission Statement of Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades
Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades, for short, is dedicated to promoting, facilitating, and executing economic development and community revitalization. Their mission is to foster long-term job creation and retention, while also encouraging self-employment and entrepreneurship. This is achieved by establishing or expanding micro, small, and medium-sized enterprises. This nonprofit organization focuses on business and credit education, aiming to empower individuals to start and grow their own businesses. They achieved this in the past year by closing 11 loans through the SBA Microloan Demonstration Program, totaling $252,614.
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Impact
October, 2024
Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comunidades plays a vital role in fostering economic development and community revitalization. By promoting the establishment and expansion of micro, small, and medium-sized enterprises, it directly contributes to long-term job creation and retention. Through initiatives like the SBA Microloan Demonstration Program, the organization closed 11 new loans totaling $252,614 in a year, providing essential financial resources to local businesses.
This financial support empowers entrepreneurs, facilitating self-employment and offering critical business and credit education. The emphasis on entrepreneurship not only aids individual businesses but also invigorates the local economy, encouraging community improvements that benefit all residents. The overall impact is a strengthened economic landscape in San Juan, PR, enhancing opportunities for individuals and fostering a more vibrant, sustainable community.
This information is meant to be a general summary of Corporacion Para El Financiamiento Empresarial Del Comercio Y De Las Comuni Dades. 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.
- Program Service Revenue: $539,362
- Gross Receipts: $779,991
Assets and Liabilities:
- Total Assets: $5,257,497
- Total Liabilities: $2,484,253
- Net Assets: $2,773,244
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Income
Revenue
$165,200
Servicing Fee
Revenue
$374,162
Organization Details
Founding Year
1982
Phone
(787) 756-5080Principal Officer
Giovanna Piovanetti
Main Address
PO BOX 191791, SAN JUAN, PR, 009191791
Website
www.https: www.lendreams.comNTEE Category
Code: S31 - Community improvement
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