Overview
What is Rtpark Community Impact Fund Inc?
Rtpark Community Impact Fund Inc, located in Kingshill, VI 00850, is a nonprofit organization that received a significant grant from the VI Catalyst Fund in 2022. This grant was specifically aimed at fostering economic development and entrepreneurship in the U.S. Virgin Islands. With the funds, Rtpark Community Impact Fund Inc established a loan program to address the unique challenges faced by small businesses in the region. In 2022, the organization awarded a USD 1.5 million term loan and was in the process of funding a second loan in 2023. The nonprofit's mission is to support business growth, job creation, and economic development in the U.S. Virgin Islands.
Is Rtpark Community Impact Fund Inc legitimate?
Rtpark Community Impact Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rtpark Community Impact Fund Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Rtpark Community Impact Fund Inc?
Rtpark Community Impact Fund Inc's mission is centered around supporting business growth, job creation, and economic development. They received a grant from the VI Catalyst Fund, which focuses on job growth, attracting high-value businesses, creating a diverse workforce, and increasing economic stability. This funding allowed the organization to establish a loan program addressing the unique challenges faced by small businesses. In 2022, they awarded a USD 1.5 million term loan and began processing a second loan, which was funded in 2023, demonstrating their commitment to fostering economic development and entrepreneurship.
Who is the CEO of Rtpark Community Impact Fund Inc?
Ronnie Johnson is the Principal Officer of Rtpark Community Impact Fund Inc.
What is the revenue of Rtpark Community Impact Fund Inc?
Rtpark Community Impact Fund Inc's revenue in 2022 was $5,021,005.
Who are the executives of Rtpark Community Impact Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rtpark Community Impact Fund Inc?
Rtpark Community Impact Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rtpark Community Impact Fund Inc
Rtpark Community Impact Fund Inc, in its mission, aims to foster business growth, job creation, and economic development in the United States Virgin Islands. This nonprofit organization received a grant from the VI Catalyst Fund, which focuses on promoting job growth, attracting high-value businesses, creating a diverse workforce, and increasing economic stability for local small businesses. Utilizing this grant, Rtpark Community Impact Fund Inc established a loan program specifically designed to address the unique challenges faced by small businesses in the USVI. This program aims to support the growth and development of businesses in the region, thereby contributing to the overall economic stability and prosperity of the area.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Rtpark Community Impact Fund Inc has made a significant impact on the economic landscape of the U.S. Virgin Islands by fostering job growth and supporting the development of a diverse workforce. In its inaugural year of operation in 2022, it secured a substantial $5 million grant from the VI Catalyst Fund, specifically designed to bolster economic stability and create opportunities for local small businesses.
The organization has initiated a loan program tailored to address the unique challenges faced by these businesses. In 2022, it awarded a $1.5 million term loan, with plans to process additional loans in subsequent years. This strategic focus on entrepreneurship and economic development aims to attract high-value businesses, thereby enhancing economic activity and supporting job creation in the region.
Through these efforts, Rtpark Community Impact Fund Inc is actively working to build a more sustainable and prosperous economic environment in the U.S. Virgin Islands, emphasizing the importance of community support and engagement in driving local growth and development.
This information is meant to be a general summary of Rtpark Community Impact Fund Inc. 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: $21,000
- Gross Receipts: $5,021,005
Assets and Liabilities:
- Total Assets: $4,866,011
- Total Liabilities: $3,025
- Net Assets: $4,862,986
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Application Fee Income
Revenue
$1,000
Origination Fee Income
Revenue
$20,000
Organization Details
Founding Year
2022
Phone
(340) 474-0922Principal Officer
Ronnie Johnson
Main Address
64 WEST PALM DRIVE, KINGSHILL, VI, 00850
NTEE Category
Code: A12 - Arts
If you are a representative of Rtpark Community Impact Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.