Overview
What is Arizona Capital Source?
Arizona Capital Source is a nonprofit organization situated in Tucson, Arizona. Their primary focus is providing affordable long-term financing to small businesses, enabling them to purchase owner-occupied commercial real estate or essential machinery and equipment, through SBA 504 lending. This initiative is instrumental in promoting and supporting the growth and development of Arizona's economy. With a team of 23 employees, they are dedicated to contributing to the economic prosperity of their local community.
Official website here: www.arizonacapitalsource.com
Is Arizona Capital Source legitimate?
Arizona Capital Source is a legitimate nonprofit organization registered as a 501(c)(4) entity. Arizona Capital Source 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: $533,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,572,273
For more financial information, click here
Official website here: www.arizonacapitalsource.com
What is the mission statement of Arizona Capital Source?
Arizona Capital Source's mission is centered around promoting and facilitating the growth and development of the economy in its entirety. They achieve this by offering affordable long-term financing solutions to small businesses, enabling them to purchase commercial real estate, machinery, or equipment. This financial assistance is aimed at owner-occupied commercial properties, thereby contributing to the overall economic expansion.
Official website here: www.arizonacapitalsource.com
Who is the CEO of Arizona Capital Source?
Gary Molenda is the Chair of Arizona Capital Source.
Official website here: www.arizonacapitalsource.com
What is the revenue of Arizona Capital Source?
Arizona Capital Source's revenue in 2022 was $3,876,649.
Official website here: www.arizonacapitalsource.com
Who are the executives of Arizona Capital Source and what are their salaries?
The average compensation at Arizona Capital Source during 2022 was $91,571. There are 23 employees and 34 volunteers at Arizona Capital Source.
Here are 17 key members and their salaries:
- Compensation: $950
- Related: $0
- Other: $0
- Compensation: $1,100
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $1,100
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $650
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $302,816
- Related: $0
- Other: $35,994
- Compensation: $156,358
- Related: $0
- Other: $25,946
- Compensation: $210,949
- Related: $0
- Other: $26,353
- Compensation: $170,479
- Related: $0
- Other: $17,963
- Compensation: $126,567
- Related: $0
- Other: $32,288
- Compensation: $122,392
- Related: $0
- Other: $12,693
- Compensation: $122,578
- Related: $0
- Other: $15,950
Official website here: www.arizonacapitalsource.com
Where can I find the form 990 for Arizona Capital Source?
Arizona Capital Source's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arizonacapitalsource.com
Learn more at the official website: www.arizonacapitalsource.com
Mission Statement of Arizona Capital Source
Arizona Capital Source, as a mission-driven organization, is committed to fostering and encouraging the expansion of Arizona's economy. Their primary activity and objective revolve around providing financial assistance to small businesses in the state. This assistance takes the form of affordable, long-term financing for the purchase of commercial real estate, or essential machinery and equipment. By doing so, Arizona Capital Source plays a crucial role in supporting the growth and development of small businesses, thereby contributing to the overall economic prosperity of Arizona.
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Impact
October, 2024
Arizona Capital Source plays a pivotal role in the economic landscape of Arizona by facilitating affordable long-term financing for small businesses. This organization specializes in SBA 504 lending, which enables local entrepreneurs to acquire owner-occupied commercial real estate, as well as machinery and equipment essential for their operations. By empowering small businesses with access to capital, Arizona Capital Source directly contributes to job creation and community development in Tucson and throughout the state. Their efforts promote overall economic growth, strengthening the resilience and diversity of the Arizona economy. Through a commitment to community improvement, they help foster a thriving environment for businesses to succeed and expand.
This information is meant to be a general summary of Arizona Capital Source. 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: $39,684
- Program Service Revenue: $3,308,500
- Gross Receipts: $5,013,905
Assets and Liabilities:
- Total Assets: $18,805,099
- Total Liabilities: $6,046,885
- Net Assets: $12,758,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$1,213,301
CLIENT INTEREST EARNED
Revenue
$880,769
CLOSING FEES
Revenue
$730,969
CONSULTING FEES
Revenue
$455,745
INTEREST INCOME EARNED
Revenue
$27,716
Organization Details
Founding Year
1979
Phone
(602) 666-7650Principal Officer
Gary Molenda
Main Address
5049 E BROADWAY BLVD 156, TUCSON, AZ, 85711
Website
www.arizonacapitalsource.comNTEE Category
Code: S43 - Community improvement
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