South Central Tn Business Developme

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 680552352 ✦ Mount pleasant, TN ✦ Designated as a 501(c)(3)

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Overview

What is South Central Tn Business Developme?

South Central Tn Business Developme is a nonprofit organization situated in Mount Pleasant, Tennessee, specifically at 101 SAM WATKINS BOULEVARD. Their primary objective is to assist local communities and businesses in navigating and applying for various state and local grant and Small Business Administration loan programs. By doing so, their mission is to facilitate the establishment and expansion of businesses in the area, ultimately creating employment opportunities for local residents.


Official website here: www.sctdloans.org

Is South Central Tn Business Developme legitimate?

South Central Tn Business Developme is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Central Tn Business Developme 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


Official website here: www.sctdloans.org

What is the mission statement of South Central Tn Business Developme?

The mission of South Central Tn Business Developme, as stated, is to aid both communities and businesses in accessing various state and local grant and loan programs. This initiative is designed to facilitate the establishment and expansion of businesses within the area, ultimately creating employment opportunities for local residents. The organization assists in the location and application process for these grants and Small Business Administration loans.


Official website here: www.sctdloans.org

Who is the CEO of South Central Tn Business Developme?

Jeff A Whitmore is the President of South Central Tn Business Developme.


Official website here: www.sctdloans.org

What is the revenue of South Central Tn Business Developme?

South Central Tn Business Developme's revenue in 2023 was $342,810.


Official website here: www.sctdloans.org

Who are the executives of South Central Tn Business Developme and what are their salaries?


Here are 9 key members and their salaries:


Charles G Douglas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William K Durham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan C Shuff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard G Kirksey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda L Brock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony F Beyer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff A Whitmore (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim A Bratton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt A Layton (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sctdloans.org

Where can I find the form 990 for South Central Tn Business Developme?

South Central Tn Business Developme's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.sctdloans.org

Learn more at the official website: www.sctdloans.org

Mission Statement of South Central Tn Business Developme

South Central Tn Business Developme, a nonprofit organization, is dedicated to assisting both communities and businesses in accessing various state and local grant and loan programs. This mission aims to facilitate the location and expansion of businesses within the area, ultimately creating employment opportunities for local residents. By providing assistance in the application process for these grants and Small Business Administration loans, South Central Tn Business Developme plays a crucial role in fostering economic growth and job creation within the community.

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Impact




October, 2024

South Central TN Business Development plays a crucial role in fostering economic growth within the region. By assisting communities and businesses in accessing vital state and local grant and loan programs, the organization facilitates the location and expansion of enterprises. This leads to the creation of employment opportunities for local residents, which in turn strengthens the community's economic foundation.

The support provided enables businesses to secure the necessary funding to innovate, grow, and thrive, thus invigorating the local economy. Furthermore, by focusing on empowering both communities and businesses, South Central TN Business Development helps to build a more robust ecosystem where collaboration and economic advancement can flourish. Overall, its impact is significant in enhancing the employment landscape and promoting sustainable growth in the area.




This information is meant to be a general summary of South Central Tn Business Developme. 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.

Revenue
$342,810 (2023)
Expenses
$316,893 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $321,639
  • Gross Receipts: $342,810

Assets and Liabilities:

  • Total Assets: $216,807
  • Total Liabilities: $5,000
  • Net Assets: $211,807

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MONTHLY FEES

Revenue

$253,127

FUNDING FEES

Revenue

$24,715

COMMITMENT FEES

Revenue

$21,297

DEPOSIT FEES

Revenue

$22,500

Organization Details

Founding Year

1982

Principal Officer

Jeff A Whitmore

Main Address

101 SAM WATKINS BOULEVARD, MOUNT PLEASANT, TN, 38474

NTEE Category

Code: Z99 - Unknown

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