Overview
What is Industrial Revolving Fund Of Sj Co Ca?
The Industrial Revolving Fund of SJ Co Ca is a nonprofit organization that focuses on providing small business assistance. They achieve this by granting funds to an economic development association, in line with guidelines set by the Economic Development Administration within the Department of Commerce. This strategic move aims to mitigate economic disruption and transition within San Joaquin. Recently, they introduced a new revolving loan program, named SSed, designed to address sudden and severe economic hardships triggered by the coronavirus. As of now, the fund has disbursed around $3,000,000 in loans, which has contributed to the creation, retention, and preservation of over 60 jobs.
Official website here: www.sjcworknet.org
Is Industrial Revolving Fund Of Sj Co Ca legitimate?
Industrial Revolving Fund Of Sj Co Ca is a legitimate nonprofit organization registered as a 501(c)(4) entity. Industrial Revolving Fund Of Sj Co Ca 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: $18,531
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sjcworknet.org
What is the mission statement of Industrial Revolving Fund Of Sj Co Ca?
The Industrial Revolving Fund of SJ Co Ca, in its mission, provides assistance to small businesses. It does this by granting funds to an economic development association, adhering to the conditions set by the Economic Development Administration of the Department of Commerce. This funding is intended to prevent economic disruptions and adjustments in specific areas. The fund has introduced a new program called SSed, designed to alleviate severe economic dislocations caused by the coronavirus. As of now, the fund has disbursed around $3,000,000, which has resulted in the creation, retention, and preservation of over 60 jobs.
Official website here: www.sjcworknet.org
Who is the CEO of Industrial Revolving Fund Of Sj Co Ca?
Bonnie Vistica is the Director of Industrial Revolving Fund Of Sj Co Ca.
Official website here: www.sjcworknet.org
What is the revenue of Industrial Revolving Fund Of Sj Co Ca?
Industrial Revolving Fund Of Sj Co Ca's revenue in 2022 was $5,496,431.
Official website here: www.sjcworknet.org
Who are the executives of Industrial Revolving Fund Of Sj Co Ca and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.sjcworknet.org
Where can I find the form 990 for Industrial Revolving Fund Of Sj Co Ca?
Industrial Revolving Fund Of Sj Co Ca's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sjcworknet.org
Learn more at the official website: www.sjcworknet.org
Mission Statement of Industrial Revolving Fund Of Sj Co Ca
The Industrial Revolving Fund of SJ Ca, in essence, is dedicated to providing small business assistance. In line with its mission, it issues grants to an economic development association, adhering to stipulations imposed by the Economic Development Administration of the Department of Commerce. The primary objective is to prevent economic dislocation and adjustment within a specific region.
Recently, the fund has introduced a new revolving loan program called the SSed program. This initiative is designed to alleviate sudden and severe economic dislocation brought about by the coronavirus. As of now, the program has successfully loaned out approximately $3,000,000, resulting in the creation, retention, and saving of over 60 jobs. In essence, the Industrial Revolving Fund of SJ Ca plays a crucial role in supporting small businesses and promoting economic stability.
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Impact
October, 2024
The Industrial Revolving Fund of SJ Co CA plays a crucial role in bolstering the local economy by providing essential financial assistance to small businesses. By issuing approximately $3,000,000 in loans, the fund has effectively supported the creation, retention, and saving of over 60 jobs in the Stockton area. This initiative is particularly significant in the context of economic challenges, such as those exacerbated by the coronavirus pandemic, for which the fund has developed the SSed program.
Through its targeted assistance, the fund helps to prevent economic dislocation and facilitates adjustments within the community. By complying with grant conditions set by the Economic Development Administration, the fund ensures that its efforts align with broader economic stability goals. Ultimately, the Industrial Revolving Fund not only aids individual businesses but also contributes to community improvement and resilience—strengthening the local economic landscape during critical times.
This information is meant to be a general summary of Industrial Revolving Fund Of Sj Co Ca. 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: $32,307
- Program Service Revenue: $227,778
- Gross Receipts: $6,333,783
Assets and Liabilities:
- Total Assets: $10,634,839
- Total Liabilities: $0
- Net Assets: $10,634,839
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$142,611
LOAN ORIGINATION FEES
Revenue
$61,532
FEES
Revenue
$23,635
Organization Details
Founding Year
1977
Phone
(209) 468-3615Principal Officer
Bonnie Vistica
Main Address
6221 WEST LANE 105, STOCKTON, CA, 95210
Website
www.sjcworknet.orgNTEE Category
Code: S30 - Community improvement
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