Overview
What is Sierra Business Council?
Sierra Business Council (SBC) is a nonprofit organization based in Truckee, California. Their primary mission is to stimulate innovative strategies and solutions to enhance community life, economic growth, environmental preservation, and social equality in the Sierra Nevada region. SBC achieves this through their Small Business Development Center (SBDC), which serves rural northeastern California. The SBDC offers various business development services, including improving access to capital, linking to job training services, and counseling businesses on incorporating social and environmental values. In 2022, the SBDC assisted 900 clients, provided 4,000 hours of counseling, and facilitated numerous workshops attended by over 1,500 individuals. They also participated in over 20 new business startups, retaining or creating 2,500 new jobs and leveraging $25 million in new capital investment in local businesses. Additionally, SBC manages a revolving loan fund and expanded its first-time homebuyer down payment assistance fund. SBC also hosts the Gold Country Broadband Consortium, increasing broadband access in rural areas, and added two new programs to promote biomass aggregation and wood utilization businesses.
Official website here: www.sierrabusiness.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Sierra Business Council has achieved an exceptional rating of 100% from Charity Navigator, reflecting strong accountability and financial health. The organization excels in various areas, including having a majority independent board and a robust audit and oversight committee. Their financial practices, including low liability to assets and a high program expense ratio, indicate effective resource management and commitment to their mission.
The organization's governance practices are noteworthy, with comprehensive policies in place for conflict of interest, whistleblowing, and document retention. Transparency is demonstrated by the publication of tax forms and board meeting minutes on their website. These attributes contribute to a high level of trust among stakeholders and supporters.
While the data is overwhelmingly positive, potential donors and partners may consider monitoring the organization’s ongoing financial performance and program outcomes to ensure continued alignment with their personal values and expectations. Overall, Sierra Business Council stands out as a well-managed nonprofit dedicated to its mission with strong financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Sierra Business Council legitimate?
Sierra Business Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sierra Business Council 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: $435,446
Professional Fundraising Fees: $0
Other Salaries and Wages: $820,799
For more financial information, click here
Official website here: www.sierrabusiness.org
What is the mission statement of Sierra Business Council?
The Sierra Business Council's mission is to stimulate and showcase innovative strategies and solutions to enhance community prosperity, economic growth, environmental sustainability, and social justice in the Sierra Nevada region. They achieve this by serving as a catalyst for businesses in rural northeastern California through services like improving access to capital, job training, and counseling on incorporating social and environmental values. In 2022, they served 900 clients, provided 4,000 hours of counseling, and helped retain or create 2,500 new jobs. The council also supports local and regional microgrant programs and provides loans, grants, and capital to businesses in the region. They expanded access to broadband services in rural areas and introduced new programs to aggregate biomass for commercialization and boost the number of wood utilization businesses.
Official website here: www.sierrabusiness.org
Who is the CEO of Sierra Business Council?
Steven Frisch is the President of Sierra Business Council.
Official website here: www.sierrabusiness.org
What is the revenue of Sierra Business Council?
Sierra Business Council's revenue in 2022 was $2,316,121.
Official website here: www.sierrabusiness.org
Who are the executives of Sierra Business Council and what are their salaries?
The average compensation at Sierra Business Council during 2022 was $59,821. There are 21 employees and 15 volunteers at Sierra Business Council.
Here are 16 key members and their salaries:
- Compensation: $149,676
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- Other: $26,564
- Compensation: $128,029
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- Other: $16,795
- Compensation: $114,157
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- Other: $225
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Official website here: www.sierrabusiness.org
Where can I find the form 990 for Sierra Business Council?
Sierra Business Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sierrabusiness.org
Learn more at the official website: www.sierrabusiness.org
Mission Statement of Sierra Business Council
Sierra Business Council, a nonprofit organization, is dedicated to fostering innovative solutions that enhance community livability, economic growth, environmental preservation, and social justice in the Sierra Nevada region. The council's primary mission is to serve as a catalyst, demonstrating effective strategies and approaches to achieve these goals.
By spearheading initiatives and projects, Sierra Business Council strives to make significant strides in various sectors. In the economic realm, the organization's Small Business Development Center (SBDC) plays a pivotal role. It provides business development and improvement services to rural northeastern California businesses, focusing on improving access to capital, connecting to job training services, and counseling businesses on incorporating social and environmental values. The SBDC served 900 clients in 2022, offered 4,000 hours of counseling, conducted numerous workshops, and assisted in the startup of over 20 new businesses, among other accomplishments.
Furthermore, Sierra Business Council is committed to fostering economic growth by retaining or creating new jobs and leveraging capital investment in businesses within the region. The council has provided direct technical assistance to help businesses access various local and regional microgrant programs, infused millions in loans, grants, and capital into the region, and managed a revolving loan fund, among other efforts. In addition, the council supports sustainable development by promoting renewable energy initiatives and enhancing regional broadband services through the Gold Country Broadband Consortium.
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Impact
July, 2024
Sierra Business Council's impact includes catalyzing and demonstrating innovative approaches to increase community vitality, economic prosperity, environmental quality, and social fairness in the Sierra Nevada region. The organization's Small Business Development Center (SBDC) serves rural northeastern California by providing business development and improvement services. In 2022, the SBDC served 900 clients, provided 4,000 hours of counseling, conducted workshops attended by over 1,500 individuals, facilitated more than 20 new business startups, retained or created 2,500 new jobs, and leveraged $25,000,000 in new capital investment in businesses in the region.
Additionally, Sierra Business Council infused $8 million in loans, grants, and other capital in the region. They managed a revolving loan fund and expanded their first-time homebuyer down payment assistance fund. The organization also hosted the Gold Country Broadband Consortium to expand broadband access in rural areas and added new programs focused on biomass aggregation systems analysis and wood utilization business and workforce development.
Furthermore, Sierra Business Council continued to host the regional Geotourism web platform, spotlighting businesses and destinations in the region. They also managed the Lake Tahoe Water Trail project to enhance visitorship and safety along the shores of Lake Tahoe.
This information is meant to be a general summary of Sierra Business Council. 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: $862
- Program Service Revenue: $1,284,701
- Gross Receipts: $2,316,121
Assets and Liabilities:
- Total Assets: $3,438,943
- Total Liabilities: $1,346,105
- Net Assets: $2,092,838
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee for Services
Revenue
$1,269,639
Loan Program
Revenue
$15,062
Organization Details
Founding Year
1994
Phone
(530) 582-4800Principal Officer
Steven Frisch
Main Address
PO BOX 2428, TRUCKEE, CA, 96160
Website
www.sierrabusiness.orgNTEE Category
Code: B90 - Education
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