Overview
What is South Arkansas Venture Enterprises Inc?
South Arkansas Venture Enterprises Inc, based in Pine Bluff, Arkansas, is a nonprofit organization that has provided over $423,000 worth of loans to businesses within its district area. Their primary mission is to support eligible small businesses in Arkansas, Ashley, Bradley, Chicot, Cleveland, Desha, Drew, Grant, Jefferson, and Lincoln Counties through the RLF Program. This program offers gap financing with favorable terms and low-interest rates, aiming to assist these businesses in their development. The RLF Program was established to boost economic growth and create job opportunities within their district.
Official website here: www.southeastarkansas.org
Is South Arkansas Venture Enterprises Inc legitimate?
South Arkansas Venture Enterprises Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. South Arkansas Venture Enterprises 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: $48,656
For more financial information, click here
Official website here: www.southeastarkansas.org
What is the mission statement of South Arkansas Venture Enterprises Inc?
South Arkansas Venture Enterprises Inc's mission is centered around assisting eligible small businesses in specific Arkansas counties. The organization has established the RLF Program, which aims to provide gap financing with favorable terms and low interest rates to these businesses. This initiative is designed to support small enterprises in areas such as Ashley, Bradley, Chicot, Cleveland, Desha, Drew, Grant, Jefferson, and Lincoln Counties. As a result, the company has granted over $423,000 worth of loans within its district area, thus contributing to economic development by providing debt financing to businesses in southeast Arkansas.
Official website here: www.southeastarkansas.org
What is the revenue of South Arkansas Venture Enterprises Inc?
South Arkansas Venture Enterprises Inc's revenue in 2023 was $206,930.
Official website here: www.southeastarkansas.org
Who are the executives of South Arkansas Venture Enterprises Inc and what are their salaries?
There 8 volunteers at South Arkansas Venture Enterprises Inc.
Here are 8 key members and their salaries:
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Official website here: www.southeastarkansas.org
Where can I find the form 990 for South Arkansas Venture Enterprises Inc?
South Arkansas Venture Enterprises Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.southeastarkansas.org
Learn more at the official website: www.southeastarkansas.org
Mission Statement of South Arkansas Venture Enterprises Inc
South Arkansas Venture Enterprises Inc, through its RLF Program, was established with a mission to aid eligible small businesses in Arkansas, Ashley, Bradley, Chicot, Cleveland, Desha, Drew, Grant, Jefferson, and Lincoln counties. This mission is carried out by offering gap financing with favorable terms and low interest rates to these businesses. The organization has demonstrated its commitment to this mission by granting over $423,000 worth of loans in its district area, thereby supporting the growth and development of small businesses in southeast Arkansas.
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Impact
October, 2024
South Arkansas Venture Enterprises Inc significantly impacts the economic landscape of southeastern Arkansas by providing vital financial support to eligible small businesses. Through its Revolving Loan Fund (RLF) program, the organization has granted over $423,000 in loans across Ashley, Bradley, Chicot, Cleveland, Desha, Drew, Grant, Jefferson, and Lincoln counties. This financial assistance plays a crucial role in promoting business development and sustainability in the region.
By offering gap financing with low interest rates and favorable terms, South Arkansas Venture Enterprises Inc helps local entrepreneurs overcome barriers to accessing capital. This support not only stimulates business growth but also contributes to job creation and community improvement, fostering a healthier economic environment in Pine Bluff and its surrounding areas. As a result, the organization facilitates greater economic stability and vitality within southeastern Arkansas, empowering small businesses and enhancing the overall quality of life for residents.
This information is meant to be a general summary of South Arkansas Venture Enterprises 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 2023.
- Investment Income: $125
- Program Service Revenue: $96,805
- Gross Receipts: $206,930
Assets and Liabilities:
- Total Assets: $3,094,282
- Total Liabilities: $0
- Net Assets: $3,094,282
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME ON LOANS
Revenue
$96,805
Program 2
Revenue
$0
Program 3
Revenue
$0
Program 4
Revenue
$0
Program 5
Revenue
$0
Organization Details
Founding Year
1979
Principal Officer
Patrecia Hargrove
Website
www.southeastarkansas.orgNTEE Category
Code: S43Z - Community improvement
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