Overview
What is Louisiana Capital Cdc Inc?
Louisiana Capital CDC Inc, a nonprofit organization based in Lafayette, Louisiana, aims to foster economic development and improve societal welfare in the state by promoting and assisting the growth of various businesses, including small businesses. Their primary objective is to benefit the community by increasing employment opportunities and expanding businesses and industries. They achieve this by assisting small businesses in obtaining loans through the Small Business Administration (SBA) 504 lending program. With a team of four dedicated individuals, Louisiana Capital CDC Inc plays a significant role in investing in existing and expanding businesses that create or retain jobs, generate a positive economic impact within their community, or align with the SBA's public policy goals.
Official website here: www.louisianacapital.com
Is Louisiana Capital Cdc Inc legitimate?
Louisiana Capital Cdc Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Louisiana Capital Cdc 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: $138,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,801
For more financial information, click here
Official website here: www.louisianacapital.com
What is the mission statement of Louisiana Capital Cdc Inc?
Louisiana Capital CDC Inc's mission is centered around investing in existing or expanding businesses that contribute to job creation, have a positive impact on their local community, or align with the Small Business Administration's (SBA) public policy goals. As a certified development company, their primary objective is to benefit the community by fostering increased employment opportunities and expanding businesses and industry. They achieve this by assisting small businesses in obtaining loans through the SBA, thereby promoting economic development and social welfare.
Official website here: www.louisianacapital.com
Who is the CEO of Louisiana Capital Cdc Inc?
Karen Angelle is the Executive Director of Louisiana Capital Cdc Inc.
Official website here: www.louisianacapital.com
What is the revenue of Louisiana Capital Cdc Inc?
Louisiana Capital Cdc Inc's revenue in 2022 was $535,000.
Official website here: www.louisianacapital.com
Who are the executives of Louisiana Capital Cdc Inc and what are their salaries?
The average compensation at Louisiana Capital Cdc Inc during 2022 was $75,950. There are 4 employees and 8 volunteers at Louisiana Capital Cdc Inc.
Here are 9 key members and their salaries:
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- Related: $157,268
- Other: $28,822
Official website here: www.louisianacapital.com
Where can I find the form 990 for Louisiana Capital Cdc Inc?
Louisiana Capital Cdc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.louisianacapital.com
Learn more at the official website: www.louisianacapital.com
Mission Statement of Louisiana Capital Cdc Inc
Louisiana Capital CDC Inc, as a certified development company, is dedicated to fostering economic development and improving the social welfare of Louisiana. Their primary mission is to promote and assist the growth and development of businesses, including small businesses, within the state. To achieve this, Louisiana Capital CDC Inc focuses on helping small businesses secure loans through the Small Business Administration (SBA). This initiative aims to create or retain jobs, provide a positive economic impact within the community, or meet a public policy goal of the SBA. By facilitating business growth, the organization strives to benefit the community by increasing employment opportunities and expanding business and industry.
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Impact
October, 2024
Louisiana Capital Cdc Inc plays a pivotal role in fostering economic growth in Louisiana by facilitating small business development through its SBA 504 lending program. By providing access to loans for existing and expanding businesses, the organization significantly enhances job creation and retention within local communities. This infusion of capital not only stimulates business growth but also aligns with the public policy goals of the Small Business Administration, ultimately contributing to a positive economic impact in the region.
Through its initiatives, Louisiana Capital focuses on empowering small businesses, which are vital to the state's economic landscape. This support not only helps to sustain existing jobs but also paves the way for new employment opportunities, thereby uplifting communities. The organization's dedication to advancing both economic development and social welfare underscores its commitment to improving the quality of life for residents in Louisiana.
This information is meant to be a general summary of Louisiana Capital Cdc 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.
- Investment Income: $2,754
- Program Service Revenue: $532,246
- Gross Receipts: $716,993
Assets and Liabilities:
- Total Assets: $812,930
- Total Liabilities: $18,530
- Net Assets: $794,400
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$451,646
PROCESSING FEES
Revenue
$80,300
OTHER REVENUE
Revenue
$300
Organization Details
Founding Year
1983
Phone
(337) 234-2977Principal Officer
Karen Angelle
Main Address
2000 KALISTE SALOOM ROAD, LAFAYETTE, LA, 70508
Website
www.louisianacapital.comNTEE Category
Code: S43 - Community improvement
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