Overview
What is Region 12 Revolving Loan Fund Corp?
Region 12 Revolving Loan Fund Corp, headquartered in Silverthorne, Colorado, serves as an economic development organization. Their primary mission is to provide financial assistance to budding and expanding businesses in the form of loans. This nonprofit aims to create or retain full-time jobs in Eagle, Garfield, Grand, Jackson, Moffatt, Pitkin, Rio Blanco, Routt, and Summit counties. In the 2022 tax year, they made loans amounting to $1,222,650.
Official website here: www.nwccog.org
Is Region 12 Revolving Loan Fund Corp legitimate?
Region 12 Revolving Loan Fund Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Region 12 Revolving Loan Fund Corp 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.
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Executive Compensation: $117,631
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nwccog.org
What is the mission statement of Region 12 Revolving Loan Fund Corp?
Region 12 Revolving Loan Fund Corp serves as an economic development organization, focusing on providing loans to fledgling businesses or expanding enterprises. Its primary objective is to foster the creation or retention of full-time employment opportunities. The corporation operates in various counties, specifically Eagle, Garfield, Grand, Jackson, Moffatt, Pitkin, Rio Blanco, Routt, and Summit. By offering financing to start-ups and growing businesses, Region 12 Revolving Loan Fund Corp plays a vital role in stimulating local economic growth. In the 2022 tax year, the Northwest Loan Fund, associated with Region 12, disbursed loans totaling $1,222,650, underscoring its commitment to supporting local enterprises.
Official website here: www.nwccog.org
Who is the CEO of Region 12 Revolving Loan Fund Corp?
Jon Stavney is the Chair of Region 12 Revolving Loan Fund Corp.
Official website here: www.nwccog.org
What is the revenue of Region 12 Revolving Loan Fund Corp?
Region 12 Revolving Loan Fund Corp's revenue in 2022 was $1,542,772.
Official website here: www.nwccog.org
Who are the executives of Region 12 Revolving Loan Fund Corp and what are their salaries?
There 31 volunteers at Region 12 Revolving Loan Fund Corp.
Here are 33 key members and their salaries:
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- Related: $145,370
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Official website here: www.nwccog.org
Where can I find the form 990 for Region 12 Revolving Loan Fund Corp?
Region 12 Revolving Loan Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwccog.org
Learn more at the official website: www.nwccog.org
Mission Statement of Region 12 Revolving Loan Fund Corp
Region 12 Revolving Loan Fund Corp serves as an economic development organization, specializing in providing loans to start-up and expanding businesses. The primary objective of this corporation is to foster job creation or retention within Eagle, Garfield, Grand, Jackson, Moffatt, Pitkin, Rio Blanco, Routt, and Summit Counties. By offering financial assistance to young enterprises, Region 12 Revolving Loan Fund Corp plays a crucial role in nurturing entrepreneurship and fostering business growth in these areas. In the 2022 tax year alone, the organization made loans amounting to $1,222,650, further demonstrating its commitment to supporting local businesses and spurring economic development.
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Impact
October, 2024
Region 12 Revolving Loan Fund Corp plays a crucial role in stimulating economic growth within several Colorado counties, including Eagle, Garfield, Grand, Jackson, Moffatt, Pitkin, Rio Blanco, Routt, and Summit. By providing loans specifically designed for start-up and expanding businesses, the organization directly contributes to job creation and retention in these areas.
During the 2022 tax year, the Northwest Loan Fund facilitated a significant financial impact by issuing loans totaling $1,222,650. This funding supports local entrepreneurs and young businesses, enhancing community development and economic vitality. The organization's commitment to empowering businesses not only fosters a thriving local economy but also strengthens the community by securing full-time employment opportunities for residents. Through its financial assistance, Region 12 Revolving Loan Fund Corp is instrumental in driving progress and improving quality of life across the regions it serves.
This information is meant to be a general summary of Region 12 Revolving Loan Fund Corp. 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: $4,610
- Program Service Revenue: $293,486
- Gross Receipts: $1,542,772
Assets and Liabilities:
- Total Assets: $4,692,425
- Total Liabilities: $53,742
- Net Assets: $4,638,683
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$137,233
OTHER LOCAL FUNDING
Revenue
$133,506
LOAN RECOVERY
Revenue
$21,283
MEETING REGISTRATION
Revenue
$1,464
Organization Details
Founding Year
1985
Phone
(970) 468-0295Principal Officer
Jon Stavney
Main Address
PO BOX 2308, SILVERTHORNE, CO, 80498
Website
www.nwccog.orgNTEE Category
Code: S43 - Community improvement
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