Overview
What is Success Capital Expansion & Development Corporation?
Success Capital Expansion & Development Corporation is a nonprofit organization based in Modesto, California, with a focus on promoting job growth and economic development within the state. Their primary mission involves offering small business loans, which aids in business development and expansion. This initiative ultimately leads to the creation and retention of employment opportunities for California residents. The corporation operates with a team of three dedicated individuals, demonstrating their commitment to supporting local businesses and contributing to the state's economy.
Official website here: www.successcapitalsba.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Success Capital Expansion & Development Corporation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a score of 96%, the organization demonstrates a robust financial health, notably with a program expense ratio of 91.99%, indicating that a significant portion of its funds is directed toward its programs and mission.
The organization is governed by a board composed entirely of independent members, which enhances its accountability and transparency. It scores full marks in key areas such as financial oversight, conflict of interest policies, and whistleblower protections, showcasing a well-structured governance framework that prioritizes ethical management and oversight.
While the rating highlights numerous strengths, it is important for potential donors to be aware that, like any organization, continuous monitoring of performance and impact is essential. Overall, Success Capital Expansion & Development Corporation appears to operate with a high level of integrity and effectiveness in pursuing its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Success Capital Expansion & Development Corporation legitimate?
Success Capital Expansion & Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Success Capital Expansion & Development Corporation 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: $219,488
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,862
For more financial information, click here
Official website here: www.successcapitalsba.com
What is the mission statement of Success Capital Expansion & Development Corporation?
The Success Capital Expansion & Development Corporation's mission is centered around stimulating employment opportunities and economic growth. They achieve this by offering loan programs to small businesses in California. This initiative provides necessary capital for business development and expansion, thereby creating and retaining jobs within the state. The corporation's activities contribute to the overall growth and prosperity of California's residents.
Official website here: www.successcapitalsba.com
Who is the CEO of Success Capital Expansion & Development Corporation?
Dennis Wilson is the Treasurer of Success Capital Expansion & Development Corporation. The CEO's salary of Success Capital Expansion & Development Corporation is $132,812 and their total compensation is $132,812.
Official website here: www.successcapitalsba.com
What is the revenue of Success Capital Expansion & Development Corporation?
Success Capital Expansion & Development Corporation's revenue in 2022 was $973,986.
Official website here: www.successcapitalsba.com
Who are the executives of Success Capital Expansion & Development Corporation and what are their salaries?
The average compensation at Success Capital Expansion & Development Corporation during 2022 was $146,450. There are 3 employees and 11 volunteers at Success Capital Expansion & Development Corporation.
Here are 11 key members and their salaries (Success Capital Expansion & Development Corporation's CEO's salary is $132,812 and their total compensation is $132,812):
- Compensation: $132,812
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.successcapitalsba.com
Where can I find the form 990 for Success Capital Expansion & Development Corporation?
Success Capital Expansion & Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.successcapitalsba.com
Learn more at the official website: www.successcapitalsba.com
Mission Statement of Success Capital Expansion & Development Corporation
Success Capital Expansion & Development Corporation is an organization that is dedicated to fostering job creation and retention in California. They achieve this mission by offering small business loans. These loan programs are designed to support business development and expansion, ultimately leading to the creation of employment opportunities and contributing to the economic growth of the state's residents. In essence, the corporation aims to provide capital that encourages the growth and sustainability of small businesses, thereby bolstering the local economy and offering job prospects.
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Impact
July, 2024
Success Capital Expansion & Development Corporation's impact is significant in Modesto, California. By providing small business loan programs tailored to facilitate business development and expansion, this organization plays a crucial role in creating employment opportunities for residents of California. Through their initiatives, they contribute to area economic development and foster community improvement. This proactive approach not only supports local businesses but also positively impacts the overall economic landscape, making a tangible difference in the lives of individuals and the community as a whole.
This information is meant to be a general summary of Success Capital Expansion & Development Corporation. 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: $285
- Program Service Revenue: $973,701
- Gross Receipts: $973,986
Assets and Liabilities:
- Total Assets: $2,493,619
- Total Liabilities: $964,327
- Net Assets: $1,529,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CARES ACT REVOLVING LOAN
Revenue
$50,194
CERTIFIED DEVELOPMENT
Revenue
$907,735
REVOLVING LOAN FUND
Revenue
$15,772
Organization Details
Founding Year
1984
Phone
(209) 521-9372Principal Officer
Dennis Wilson
Main Address
1301 L STREET 4, MODESTO, CA, 95354
Website
www.successcapitalsba.comNTEE Category
Code: S31 - Community improvement
If you are a representative of Success Capital Expansion & Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.