Overview
What is Small Business Development Corporation Of Orange County?
Small Business Development Corporation of Orange County is a nonprofit organization situated in Santa Ana, California. Its primary mission is to provide financial aid to economically disadvantaged small businesses throughout California. By offering guaranteed loans and various direct capital access programs, the corporation aims to bolster the local business economy, thereby creating and retaining jobs. The organization's core activity revolves around economic development lending, providing loan guarantees and direct capital access programs to support small businesses in need. With a team of seven dedicated individuals, the Small Business Development Corporation of Orange County plays a crucial role in fostering business growth and sustainability in the region.
Official website here: www.sbfdoc.org
Is Small Business Development Corporation Of Orange County legitimate?
Small Business Development Corporation Of Orange County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Small Business Development Corporation Of Orange County 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: $884,566
Professional Fundraising Fees: $0
Other Salaries and Wages: $691,157
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Official website here: www.sbfdoc.org
What is the mission statement of Small Business Development Corporation Of Orange County?
The Small Business Development Corporation of Orange County's mission is centered around providing financial assistance to small businesses. Primarily engaged in economic development lending activities, the organization offers loan guarantees and various direct capital access programs. This initiative aims to provide economic opportunities for disadvantaged businesses, ultimately contributing to the strengthening of the local business economy by fostering job creation and retention.
Official website here: www.sbfdoc.org
Who is the CEO of Small Business Development Corporation Of Orange County?
Michael Ocasio is the CEO of Small Business Development Corporation Of Orange County The CEO's salary of Small Business Development Corporation Of Orange County is $353,790 and their total compensation is $373,159.
Official website here: www.sbfdoc.org
What is the revenue of Small Business Development Corporation Of Orange County?
Small Business Development Corporation Of Orange County's revenue in 2024 was $2,445,434.
Official website here: www.sbfdoc.org
Who are the executives of Small Business Development Corporation Of Orange County and what are their salaries?
The average compensation at Small Business Development Corporation Of Orange County during 2024 was $225,103. There are 7 employees and 10 volunteers at Small Business Development Corporation Of Orange County.
Here are 16 key members and their salaries (Small Business Development Corporation Of Orange County's CEO's salary is $353,790 and their total compensation is $373,159):
- Compensation: $353,790
- Related: $0
- Other: $19,369
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- Other: $0
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- Compensation: $172,413
- Related: $0
- Other: $24,773
- Compensation: $108,502
- Related: $0
- Other: $0
- Compensation: $151,422
- Related: $0
- Other: $25,169
- Compensation: $202,032
- Related: $0
- Other: $14,187
- Compensation: $106,022
- Related: $0
- Other: $11,163
Official website here: www.sbfdoc.org
Where can I find the form 990 for Small Business Development Corporation Of Orange County?
Small Business Development Corporation Of Orange County's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sbfdoc.org
Learn more at the official website: www.sbfdoc.org
Mission Statement of Small Business Development Corporation Of Orange County
The Small Business Development Corporation of Orange County is dedicated to providing financial assistance to small businesses. Primarily involved in economic development lending activities, this organization offers loan guarantees and various direct capital access programs. Its mission is to strengthen the local business economy by creating and retaining jobs. By offering guaranteed loans and direct capital access programs to economically disadvantaged businesses, Small Business Development Corporation of Orange County plays a crucial role in supporting the growth and success of small businesses in California.
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Impact
October, 2024
The Small Business Development Corporation of Orange County significantly impacts the local economy by providing financial assistance tailored to small businesses. By offering guaranteed loans and direct capital access programs, it specifically aids economically disadvantaged enterprises throughout California. This targeted support is vital for creating and retaining jobs, directly contributing to the economic stability and growth of the community. Through its lending activities, the organization not only strengthens individual businesses but also enhances the overall vitality of the local business ecosystem, fostering an environment where entrepreneurs can thrive.
This information is meant to be a general summary of Small Business Development Corporation Of Orange County. 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: $47,770
- Program Service Revenue: $2,325,813
- Gross Receipts: $2,484,649
Assets and Liabilities:
- Total Assets: $4,737,305
- Total Liabilities: $1,188,121
- Net Assets: $3,549,184
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROCESSING AND LOAN FE
Revenue
$2,067,399
STATE CONTRACT INCOME
Revenue
$246,000
DEFAULT CLAIM RECOVERY
Revenue
$12,414
Organization Details
Founding Year
2001
Principal Officer
Michael Ocasio
Website
www.sbfdoc.orgNTEE Category
Code: S30 - Community improvement
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