Overview
What is Creser Capital Fund?
Creser Capital Fund is a nonprofit organization located in Sausalito, California, with a specific focus on supporting Latino small businesses in Sonoma County. Their primary mission is to accelerate access to capital for these businesses, aiming to unlock their potential for growth and development. In addition to providing financial aid, they offer educational services in financial planning and management to help Latino entrepreneurs effectively manage their resources. The ultimate goal of Creser Capital Fund is to foster the growth of these businesses and contribute to a prosperous future for the next generation within the Latino community.
Is Creser Capital Fund legitimate?
Creser Capital Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Creser Capital Fund 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: $552,898
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Creser Capital Fund?
The mission of Creser Capital Fund is to expedite access to capital and stimulate the growth of Latino-owned businesses, aiming to foster their development and progression. This initiative intends to serve as a catalyst for the next generation, empowering these businesses to shape a prosperous future. The fund specifically focuses on Program-Related Investments in small Latino businesses in Sonoma County and provides educational services related to financial planning and management.
Who is the CEO of Creser Capital Fund?
Juan Hernandez is the CEO of Creser Capital Fund The CEO's salary of Creser Capital Fund is $254,668 and their total compensation is $272,808.
What is the revenue of Creser Capital Fund?
Creser Capital Fund's revenue in 2023 was $1,558,597.
Who are the executives of Creser Capital Fund and what are their salaries?
The average compensation at Creser Capital Fund during 2023 was $276,449. There are 2 employees and 2 volunteers at Creser Capital Fund.
Here are 2 key members and their salaries (Creser Capital Fund's CEO's salary is $254,668 and their total compensation is $272,808):
- Compensation: $254,669
- Related: $0
- Other: $25,421
- Compensation: $254,668
- Related: $0
- Other: $18,140
Where can I find the form 990 for Creser Capital Fund?
Creser Capital Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Creser Capital Fund
Creser Capital Fund, as a nonprofit organization, is dedicated to accelerating access to capital and unlocking the potential of the Latino economic growth engine. Its mission is to promote the development and advancement of Latino businesses, with the goal of powering the next generation's future. By providing Program-Related Investments to Latino small businesses in Sonoma County, Creser Capital Fund aims to foster growth and development within the Latino community. Additionally, the organization offers educational financial planning and management services to these businesses, further equipping them with the tools necessary for success. By focusing on the development and advancement of Latino businesses, Creser Capital Fund seeks to contribute to a more diverse and inclusive economic landscape.
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Impact
October, 2024
Creser Capital Fund is dedicated to accelerating access to capital for Latino small businesses in Sonoma County. By providing program-related investments and educational financial planning and management services, the fund empowers Latino entrepreneurs to thrive, driving economic growth within the community. This initiative not only supports the immediate needs of small businesses but also fosters a sustainable ecosystem that promotes the long-term advancement of the Latino workforce. The fund plays a crucial role in unlocking the potential of the Latino economic engine, ensuring that future generations can benefit from enhanced opportunities and resources for development and success. Through its impactful programs, Creser Capital Fund significantly contributes to community improvement and economic empowerment.
This information is meant to be a general summary of Creser Capital Fund. 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.
- Investment Income: $5,522
- Program Service Revenue: $64,118
- Gross Receipts: $1,558,597
Assets and Liabilities:
- Total Assets: $1,061,712
- Total Liabilities: $0
- Net Assets: $1,061,712
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Loan Fees
Revenue
$47,118
Program Origination Fees
Revenue
$17,000
Organization Details
Founding Year
2020
Principal Officer
Juan Hernandez
NTEE Category
Code: S43 - Community improvement
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