Overview
What is Wyoming Capital Access?
Wyoming Capital Access is a nonprofit organization situated in Wyoming, dedicated to supporting the financial needs of new, existing, and relocating businesses within the state. They specialize in tailoring financial solutions that cater to the distinct circumstances of each business. To accomplish this, they leverage a variety of loan programs, including direct loans, Small Business Administration (SBA) loans, and those offered through the United States Department of Agriculture's Rural Development (USDA/RD). Their mission is to provide these businesses with the necessary financial resources to thrive and grow, ultimately contributing to Wyoming's overall economic development.
Official website here: www.wyomingcapitalaccess.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Wyoming Capital Access has achieved a strong rating of 90%, reflecting its excellent performance in accountability and finance. The organization scored 100% in several key areas, including the independence of its board members and the absence of material diversion of assets, which indicates a well-managed nonprofit dedicated to its mission.
The organization demonstrates transparency with its website listed on its tax form and maintains a thorough conflict of interest policy. However, it has been noted that the whistleblower policy is missing, which may be an area for improvement in ensuring comprehensive governance practices.
Overall, Wyoming Capital Access appears to effectively allocate its resources with a program expense ratio of 100%, suggesting that all funds are directed towards its programs. While the high scores in accountability and finance are commendable, addressing the absence of a whistleblower policy could further enhance its governance standards.
This AI summary has been generated from information found on Charity Navigator.
Is Wyoming Capital Access legitimate?
Wyoming Capital Access is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wyoming Capital Access 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: $142,637
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,737
For more financial information, click here
Official website here: www.wyomingcapitalaccess.com
What is the mission statement of Wyoming Capital Access?
Wyoming Capital Access is an organization dedicated to aiding new, existing, and relocating businesses in the process of securing suitable financial solutions tailored to their distinct business circumstances. They accomplish this goal by employing both direct and Small Business Administration (SBA) loan programs, as well as USDA/RD loan programs, when necessary. The organization's primary objective is to facilitate financial assistance for businesses, thereby promoting growth and sustainability within the business community.
Official website here: www.wyomingcapitalaccess.com
What is the revenue of Wyoming Capital Access?
Wyoming Capital Access's revenue in 2024 was $440,118.
Official website here: www.wyomingcapitalaccess.com
Who are the executives of Wyoming Capital Access and what are their salaries?
The average compensation at Wyoming Capital Access during 2024 was $50,844. There are 4 employees at Wyoming Capital Access.
Here are 10 key members and their salaries:
- Compensation: $76,262
- Related: $0
- Other: $0
- Compensation: $66,375
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.wyomingcapitalaccess.com
Where can I find the form 990 for Wyoming Capital Access?
Wyoming Capital Access's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wyomingcapitalaccess.com
Learn more at the official website: www.wyomingcapitalaccess.com
Mission Statement of Wyoming Capital Access
Wyoming Capital Access, as an organization, is dedicated to aiding Wyoming's emerging, established, and relocating businesses. Their mission is centered around providing tailored financial solutions that cater to the distinctive business circumstances of these entities. They accomplish this goal by leveraging both direct loans and Small Business Administration (SBA) loan programs. Furthermore, they also utilize USDA/RD loan programs, demonstrating their versatility and commitment to addressing the financial needs of various businesses in Wyoming.
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Impact
July, 2024
Wyoming Capital Access plays a crucial role in supporting Wyoming's businesses by providing financial solutions tailored to meet their specific needs. Through direct and SBA loan programs, the organization assists new, existing, and relocating businesses in accessing the capital they need to thrive. By facilitating access to funding, Wyoming Capital Access contributes to the growth and sustainability of businesses in the region, thereby fostering economic development and community improvement.
This information is meant to be a general summary of Wyoming Capital Access. 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 2024.
- Investment Income: $72,581
- Program Service Revenue: $354,584
- Gross Receipts: $450,635
Assets and Liabilities:
- Total Assets: $3,494,074
- Total Liabilities: $31,863
- Net Assets: $3,462,211
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Loan Interest
Revenue
$118,488
Loan origination Fees
Revenue
$3,324
Loan Service Fees
Revenue
$232,772
Organization Details
Founding Year
1967
Principal Officer
Sandra Materi
Website
www.wyomingcapitalaccess.comNTEE Category
Code: S40 - Community improvement
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