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3C Capital Fund Inc

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

EIN: 813147737 ✦ Bakersfield, CA ✦ Designated as a 501(c)(3)

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Overview

What is 3C Capital Fund Inc?

3C Capital Fund Inc is a nonprofit organization that offers an alternative and affordable financing solution to low-income small business owners for their initial operations. This financial aid is provided in conjunction with a comprehensive technical assistance program, ensuring these businesses have the necessary support to flourish. Furthermore, 3C Capital Fund manages the D-Set Hub program, which is committed to fostering the growth and launch of innovative business solutions. By focusing on technologies and concepts from African-Americans, women, and minority entrepreneurs, this program aims to stimulate economic development. In 2022, the Kern Inclusi initiative is expected to be integrated into this program, furthering its mission.


Official website here: www.3ccf.org

Is 3C Capital Fund Inc legitimate?

3C Capital Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 3C Capital Fund Inc submitted a form 990EZ, 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.


Official website here: www.3ccf.org

What is the mission statement of 3C Capital Fund Inc?

The 3C Capital Fund Inc's mission is to offer a viable financing option for small businesses owned by individuals with moderate to low income, supporting their startup and initial operations. This is complemented by a comprehensive technical assistance program. In addition, the D-Set Hub, a part of their operations, is dedicated to fostering the growth and launch of innovative business technologies, solutions, and ideas. This initiative aims to stimulate economic development and provides support to African-American, female, and minority entrepreneurs. The Kern Inclusi initiative is set to join this program in 2022.


Official website here: www.3ccf.org

Who is the CEO of 3C Capital Fund Inc?

Victoria Johnson is the Treasurer of 3C Capital Fund Inc.


Official website here: www.3ccf.org

What is the revenue of 3C Capital Fund Inc?

3C Capital Fund Inc's revenue in 2022 was $161,935.


Official website here: www.3ccf.org

Who are the executives of 3C Capital Fund Inc and what are their salaries?


Here are 9 key members and their salaries:


Ali Morris (Board Chair / President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Evelyn Young Spath (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victoria Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natesha Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Traco Matthews (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danielle Patterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ricky Anthony (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shontay Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cherie Lawson (Project Manager)
  • Compensation: $8,571
  • Related: $0
  • Other: $0


Official website here: www.3ccf.org

Where can I find the form 990EZ for 3C Capital Fund Inc?

3C Capital Fund Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.3ccf.org

Learn more at the official website: www.3ccf.org

Mission Statement of 3C Capital Fund Inc

3C Capital Fund Inc, as a nonprofit organization, provides an alternative and accessible funding source for small businesses owned by individuals with modest to high incomes. This financial aid is intended for startup and initial operating activities. Beyond offering financial assistance, the organization also offers a comprehensive technical assistance program to support these businesses.

Furthermore, 3C Capital Fund Inc is responsible for the D-Set Hub program. The mission of this program is to foster the development, expansion, and launch of new business technologies, innovations, and solutions. This initiative aims to stimulate economic growth and offer support to entrepreneurs who are African-American, female, or from a minority background. In 2022, the Kern Inclusi initiative will be a part of this program, contributing to its mission.

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Impact




October, 2024

3C Capital Fund Inc significantly impacts the local economy by providing accessible funding to low- to moderate-income small business owners in Bakersfield, California. By offering financial support for startup and initial operating activities, the fund empowers entrepreneurs who may face barriers in securing traditional financing.

The organization combines its funding initiatives with a comprehensive technical assistance program, ensuring that business owners receive the guidance and resources they need to succeed. This holistic approach not only fosters individual business growth but also enhances the overall economic landscape by stimulating job creation and innovation.

Through its D-Set Hub program, 3C Capital Fund focuses on developing and launching new technologies and solutions, targeting support specifically for African-American, Women, and Minority Entrepreneurs. This targeted assistance helps to build a more inclusive entrepreneurial ecosystem.

The upcoming Kern Inclusi initiative further exemplifies 3C Capital Fund’s commitment to community improvement by implementing additional resources and support aimed at fostering diversity within the business community. Overall, 3C Capital Fund is crucial in promoting economic growth and inclusivity, significantly benefiting the local and regional economic landscape.




This information is meant to be a general summary of 3C Capital Fund 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.

Revenue
$161,935 (2022)
Expenses
$154,464 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1
  • Program Service Revenue: $11,230
  • Gross Receipts: $161,935

Assets and Liabilities:

  • Total Assets: $38,325
  • Total Liabilities: $0
  • Net Assets: $38,325

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Organization Details

Principal Officer

Victoria Johnson

Main Address

PO BOX 71355, BAKERSFIELD, CA, 93387

NTEE Category

Code: S40 - Community improvement

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