National Finance Credit Corporation Of Texas

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

EIN: 750457285 ✦ Fort worth, TX ✦ Designated as a 501(c)(16)

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Overview

What is National Finance Credit Corporation Of Texas?

National Finance Credit Corporation of Texas is a nonprofit organization that specializes in offering financing solutions for livestock producers. Their primary mission is to extend loans to individuals involved in livestock farming and operations, aiming to support the growth and sustainability of this sector. The corporation's activities are centered around providing financial assistance, thereby empowering livestock producers to manage their operations more effectively.


Official website here: www.nationalfinance.org

Is National Finance Credit Corporation Of Texas legitimate?

National Finance Credit Corporation Of Texas is a legitimate nonprofit organization registered as a 501(c)(16) entity. National Finance Credit Corporation Of Texas 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: $1,346,169
Professional Fundraising Fees: $0
Other Salaries and Wages: $792,400

For more financial information, click here


Official website here: www.nationalfinance.org

What is the mission statement of National Finance Credit Corporation Of Texas?

National Finance Credit Corporation of Texas is committed to its mission of extending loans to livestock producers. By providing financing for livestock purchases and operations, the corporation aims to support the livestock industry specifically, contributing to its growth and sustainability. This mission underlines their dedication to assisting livestock producers in managing their operations more effectively, thereby contributing to the overall agricultural sector.


Official website here: www.nationalfinance.org

Who is the CEO of National Finance Credit Corporation Of Texas?

Kenneth K Leiber is the President of National Finance Credit Corporation Of Texas.


Official website here: www.nationalfinance.org

What is the revenue of National Finance Credit Corporation Of Texas?

National Finance Credit Corporation Of Texas's revenue in 2022 was $9,101,860.


Official website here: www.nationalfinance.org

Who are the executives of National Finance Credit Corporation Of Texas and what are their salaries?

The average compensation at National Finance Credit Corporation Of Texas during 2022 was $152,755. There are 14 employees at National Finance Credit Corporation Of Texas.


Here are 17 key members and their salaries:


Kenneth K Leiber (President)
  • Compensation: $525,197
  • Related: $0
  • Other: $31,405
Mr Chris Lacy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Cory Priest (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Crawford Edwards (Director)
  • Compensation: $10,000
  • Related: $2,000
  • Other: $0
Mr G Hughes Abell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Jon E Means (Vice Chairman Of Board)
  • Compensation: $10,000
  • Related: $2,000
  • Other: $0
Mr Ken Jordan (Director)
  • Compensation: $10,000
  • Related: $2,000
  • Other: $0
Mr Michael D Smith (Director)
  • Compensation: $10,000
  • Related: $2,000
  • Other: $0
Mr Michael R Mitchell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Richard C Traylor (Chairman Emeritus Of Board)
  • Compensation: $10,000
  • Related: $2,000
  • Other: $0
Mr Robert Thigpen Jr (Chairman Of Board)
  • Compensation: $15,000
  • Related: $3,000
  • Other: $0
Mr Stanley Schaeffer (Director)
  • Compensation: $10,000
  • Related: $2,000
  • Other: $0
Seth A Denbow (Senior Vice President & Se)
  • Compensation: $275,656
  • Related: $0
  • Other: $34,874
James Lozano (Treasurer)
  • Compensation: $169,802
  • Related: $0
  • Other: $20,537
Jeana Roberts (Assistant Secretary)
  • Compensation: $90,068
  • Related: $0
  • Other: $13,194
John T Harkrider (Highest Compensated Employee)
  • Compensation: $294,224
  • Related: $0
  • Other: $31,405
Jason Pettit (Former Vice President)
  • Compensation: $81,290
  • Related: $0
  • Other: $2,653


Official website here: www.nationalfinance.org

Where can I find the form 990 for National Finance Credit Corporation Of Texas?

National Finance Credit Corporation Of Texas's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nationalfinance.org

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

Mission Statement of National Finance Credit Corporation Of Texas

National Finance Credit Corporation of Texas, as the name suggests, is dedicated to providing financial assistance to livestock producers. Their mission is to offer loans specifically designed for livestock purchases and operations. This nonprofit organization aims to support the livestock industry by providing the necessary financing, thereby contributing to the successful operation and growth of livestock businesses.

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Impact




October, 2024

The National Finance Credit Corporation Of Texas significantly impacts the livestock industry by providing essential financing to livestock producers. Located in Fort Worth, Texas, it plays a crucial role in supporting the agricultural economy by facilitating loans that enable producers to purchase livestock and sustain their operations. This financial assistance fosters growth and stability within the sector, allowing producers to invest in their businesses, improve their infrastructure, and increase production efficiency. By focusing on the unique needs of livestock producers, the corporation contributes to the overall health of the food supply chain, ensuring a reliable source of livestock products for consumers.




This information is meant to be a general summary of National Finance Credit Corporation Of Texas. 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
$9,101,860 (2022)
Expenses
$5,323,129 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $539,907
  • Program Service Revenue: $7,697,084
  • Gross Receipts: $9,101,860

Assets and Liabilities:

  • Total Assets: $196,184,500
  • Total Liabilities: $132,584,075
  • Net Assets: $63,600,425

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Programs

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

INTEREST INCOME

Revenue

$7,697,084

Organization Details

Founding Year

1930

Principal Officer

Kenneth K Leiber

Main Address

410 E WEATHERFORD STREET, FORT WORTH, TX, 76102

NTEE Category

Code: K20 - Food

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