Overview
What is Nor-Cal Fdc?
Nor-Cal Fdc is a nonprofit organization located in Oakland, California, with a focus on supporting small businesses by providing guarantees to lenders. Operating in the nine counties of the San Francisco Bay Area and beyond, Nor-Cal Fdc plays a crucial role in helping these businesses gain access to much-needed capital. With a team of three dedicated individuals, they serve as a critical intermediary between small businesses and financial institutions, ultimately strengthening the local economy.
Is Nor-Cal Fdc legitimate?
Nor-Cal Fdc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nor-Cal Fdc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,561
For more financial information, click here
What is the mission statement of Nor-Cal Fdc?
Nor-Cal Fdc's mission is centered around assisting small businesses in gaining access to much-needed capital. They accomplish this by offering guarantees to lenders, extending their support across various counties within the San Francisco Bay Area and beyond, in the state of California. By providing this service, Nor-Cal Fdc plays a crucial role in fostering the growth and sustainability of small businesses, thereby contributing to the local and statewide economy.
Who is the CEO of Nor-Cal Fdc?
Sanford Livingston is the CEO of Nor-Cal Fdc The CEO's salary of Nor-Cal Fdc is $412,152 and their total compensation is $412,152.
What is the revenue of Nor-Cal Fdc?
Nor-Cal Fdc's revenue in 2024 was $2,044,125.
Who are the executives of Nor-Cal Fdc and what are their salaries?
The average compensation at Nor-Cal Fdc during 2024 was $77,890. There are 4 employees and 4 volunteers at Nor-Cal Fdc.
Here are 9 key members and their salaries (Nor-Cal Fdc's CEO's salary is $412,152 and their total compensation is $412,152):
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- Compensation: $412,152
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- Other: $0
- Compensation: $359,596
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Nor-Cal Fdc?
Nor-Cal Fdc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Nor-Cal Fdc
Nor-Cal Fdc, a nonprofit organization, plays a crucial role in supporting small businesses by facilitating their access to capital. They accomplish this by offering guarantees to lenders across nine counties in the San Francisco Bay Area and beyond, extending their reach throughout California. By providing this service, Nor-Cal Fdc helps small businesses overcome financial obstacles, enabling them to grow and thrive in their respective industries. This mission is essential for fostering economic development and promoting business sustainability within the communities they serve.
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Impact
October, 2024
Nor-Cal Fdc plays a crucial role in enhancing the economic landscape of the San Francisco Bay Area and beyond by facilitating access to capital for small businesses. By providing guarantees to lenders, Nor-Cal Fdc enables these businesses to secure the financing they need to grow and thrive. This support is particularly impactful in the nine counties it serves, where many small enterprises face barriers to traditional funding sources.
The organization’s efforts contribute to community improvement by fostering job creation, promoting entrepreneurship, and ultimately driving economic development in the region. By bridging the gap between small businesses and financial institutions, Nor-Cal Fdc not only empowers entrepreneurs but also strengthens the local economy, ensuring a more vibrant and resilient business ecosystem.
This information is meant to be a general summary of Nor-Cal Fdc. 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: $8,334
- Program Service Revenue: $1,765,875
- Gross Receipts: $2,044,125
Assets and Liabilities:
- Total Assets: $1,198,023
- Total Liabilities: $344,924
- Net Assets: $853,099
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Organization Details
Founding Year
1978
Principal Officer
Sanford Livingston
NTEE Category
Code: S43 - Community improvement
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