Overview
What is Ampac Tri-State Cdc Inc?
Ampac Tri-State Cdc Inc is a nonprofit organization situated in Ontario, California. Their primary focus is to support small businesses within the state of California through the U.S. Small Business Administration's (SBA) Certified Development Company Program. The organization's mission is to stimulate economic development and growth, especially in underserved communities, by providing working capital and other assistance, thereby fostering entrepreneurial and employment opportunities. They offer aid to potential California businesses during the loan application process by packaging, processing, closing, and servicing federal and state-sponsored loan programs. With around 25 employees, Ampac Tri-State Cdc Inc works diligently to finance the growth of small businesses and promote job creation, leveraging resources from the Small Business Administration.
Official website here: www.ampac.com
What do the Facebook reviews say about Ampac Tri-State Cdc Inc?
98% of 6 reviewers on Facebook recommend Ampac Tri-State Cdc Inc. Here is a summary of their reviews:
Many reviewers express satisfaction with the assistance offered by the nonprofit, particularly highlighting its role in providing financial support for small businesses. Users emphasize the organization's commitment to helping entrepreneurs navigate their financial challenges, indicating that they feel well-supported during crucial times.
Overall, it appears that Ampac Tri-State Cdc Inc effectively meets the needs of those seeking small business financial help, with users feeling positive about the services provided and the organization's impact on their ventures.
This AI summary has been generated from reviews found on Facebook.
Is Ampac Tri-State Cdc Inc legitimate?
Ampac Tri-State Cdc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ampac Tri-State 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: $308,424
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,797,216
For more financial information, click here
Official website here: www.ampac.com
What is the mission statement of Ampac Tri-State Cdc Inc?
Ampac Tri-State CDC Inc's mission is centered around financing the growth of small businesses and promoting economic development. The organization aims to create job opportunities and advocate for businesses by utilizing resources from the Small Business Administration. They provide assistance in the loan application process for potential businesses, helping them secure funding through various federal and state-sponsored programs. The organization's objective is to stimulate entrepreneurial and employment opportunities, specifically focusing on urban, rural, and disadvantaged groups. Their primary goal is to enhance economic growth by offering working capital and other assistance to these sectors.
Official website here: www.ampac.com
What is the revenue of Ampac Tri-State Cdc Inc?
Ampac Tri-State Cdc Inc's revenue in 2023 was $6,017,426.
Official website here: www.ampac.com
Who are the executives of Ampac Tri-State Cdc Inc and what are their salaries?
The average compensation at Ampac Tri-State Cdc Inc during 2023 was $86,268. There are 36 employees at Ampac Tri-State Cdc Inc.
Here are 10 key members and their salaries:
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Official website here: www.ampac.com
Where can I find the form 990 for Ampac Tri-State Cdc Inc?
Ampac Tri-State Cdc Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ampac.com
Learn more at the official website: www.ampac.com
Mission Statement of Ampac Tri-State Cdc Inc
Ampac Tri-State CDC Inc is an organization dedicated to advancing the growth of small businesses, stimulating economic development, and fostering job creation. Their mission lies in utilizing resources from the Small Business Administration (SBA), specifically the Certified Development Company (Section 504) Program. This mission is twofold: firstly, Ampac Tri-State CDC Inc aims to provide financial assistance to small businesses, thereby enhancing their operational capabilities. Secondly, the organization seeks to promote economic growth, particularly among disadvantaged populations and groups, by offering working capital and other forms of aid. Furthermore, Ampac Tri-State CDC Inc plays a crucial role in facilitating the loan application process for potential California businesses, by packaging, processing, closing, and servicing federal and state-sponsored loan programs. In essence, the organization's mission is to empower small businesses and stimulate economic development through financing and advocacy, utilizing the resources of the SBA.
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Impact
October, 2024
Ampac Tri-State Cdc Inc plays a significant role in strengthening the economic landscape of California by focusing on small business growth and development. The organization primarily operates through the U.S. Small Business Administration's Certified Development Company (Section 504) Program, which enables it to provide essential financial resources to entrepreneurs.
By offering assistance in the loan application process, Ampac Tri-State Cdc Inc helps streamline access to vital funding, enabling small businesses to secure working capital and other necessary resources. This support is particularly beneficial for urban, rural, and disadvantaged groups, promoting inclusivity in economic development.
Through its initiatives, the organization not only contributes to job creation but also advocates for the sustainable growth of small businesses. By facilitating entrepreneurial opportunities, Ampac Tri-State Cdc Inc effectively stimulates local economies, contributes to community improvement, and enhances the overall economic vitality of the regions it serves.
This information is meant to be a general summary of Ampac Tri-State 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 2023.
- Program Service Revenue: $3,502,975
- Gross Receipts: $6,017,426
Assets and Liabilities:
- Total Assets: $17,135,051
- Total Liabilities: $9,495,105
- Net Assets: $7,639,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Event Income
Revenue
$23,792
Interest Income
Revenue
$859,698
Other Income
Revenue
$354,921
Processing Fees
Revenue
$760,349
Servicing Fees
Revenue
$1,504,215
Organization Details
Founding Year
2005
Principal Officer
Hilda Kennedy
Website
www.ampac.comNTEE Category
Code: S31 - Community improvement
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