Overview
What is Mountain West Small Business Finance?
Mountain West Small Business Finance is a nonprofit organization situated in Salt Lake City, Utah. Its primary mission is to foster economic development by promoting and aiding in the growth and development of small businesses. They accomplish this by administering Small Business Administration (SBA) 504 loans, providing financial assistance to small businesses. With a team of 54 dedicated individuals, Mountain West Small Business Finance plays a significant role in supporting the expansion and success of local businesses, contributing to the overall economic growth of the community.
Is Mountain West Small Business Finance legitimate?
Mountain West Small Business Finance is a legitimate nonprofit organization registered as a 501(c)(4) entity. Mountain West Small Business Finance 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: $2,683,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,966,796
For more financial information, click here
What is the mission statement of Mountain West Small Business Finance?
Mountain West Small Business Finance is committed to fostering economic development by actively promoting and aiding in the growth and development of small businesses. Their mission, in essence, is to advance economic growth by providing necessary assistance to these businesses. To achieve this, they administer Small Business Administration (SBA) 504 loans, financially assisting in the development of small businesses. This assistance plays a crucial role in promoting and supporting the expansion of these businesses, thereby contributing to overall economic development.
What is the revenue of Mountain West Small Business Finance?
Mountain West Small Business Finance's revenue in 2024 was $10,948,817.
Who are the executives of Mountain West Small Business Finance and what are their salaries?
The average compensation at Mountain West Small Business Finance during 2024 was $84,557. There are 55 employees at Mountain West Small Business Finance.
Here are 23 key members and their salaries:
- Compensation: $352,069
- Related: $0
- Other: $1,572
- Compensation: $312,405
- Related: $0
- Other: $124
- Compensation: $311,105
- Related: $0
- Other: $124
- Compensation: $303,757
- Related: $0
- Other: $124
- Compensation: $214,844
- Related: $0
- Other: $111
- Compensation: $207,419
- Related: $0
- Other: $111
- Compensation: $198,297
- Related: $0
- Other: $1,571
- Compensation: $192,224
- Related: $0
- Other: $111
- Compensation: $190,980
- Related: $0
- Other: $111
- Compensation: $181,067
- Related: $0
- Other: $124
- Compensation: $120,514
- Related: $0
- Other: $532
- Compensation: $110,296
- Related: $0
- Other: $124
- Compensation: $91,450
- Related: $0
- Other: $285
- Compensation: $89,060
- Related: $0
- Other: $532
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mountain West Small Business Finance?
Mountain West Small Business Finance's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Mountain West Small Business Finance
Mountain West Small Business Finance, as the name suggests, is a nonprofit organization committed to fostering economic development. Their primary mission is to promote and aid in the growth and development of small businesses. By doing so, they aim to contribute positively to the overall economic landscape. To achieve this objective, Mountain West Small Business Finance administers Small Business Administration (SBA) 504 loans, which are financial assistance programs designed to support small business development. This financial assistance is instrumental in helping small businesses grow and develop, ultimately contributing to economic advancement.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Mountain West Small Business Finance plays a vital role in fostering economic development by promoting the growth and sustainability of small businesses. By administering Small Business Administration (SBA) 504 loans, they provide essential financial assistance that enables entrepreneurs to secure the necessary funding for expansion, equipment purchases, and real estate investments.
This support not only helps individual businesses thrive but also strengthens the local economy in Salt Lake City and the broader Utah region. By empowering small business owners, Mountain West contributes to job creation, community improvement, and overall economic resilience. Their commitment to facilitating access to capital is instrumental in helping small enterprises navigate financial challenges and achieve their growth ambitions, ultimately leading to a more vibrant and prosperous community.
This information is meant to be a general summary of Mountain West Small Business Finance. 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: $58,219
- Program Service Revenue: $10,890,598
- Gross Receipts: $10,948,817
Assets and Liabilities:
- Total Assets: $11,137,576
- Total Liabilities: $4,847,576
- Net Assets: $6,290,000
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SBA INCOME
Revenue
$9,868,691
COMMUNITY ADVANTAGE
Revenue
$620,528
RESERVE RECOVERY
Revenue
$296,436
USDA IRP
Revenue
$104,943
Organization Details
Founding Year
1980
Principal Officer
John D Evans
NTEE Category
Code: S43 - Community improvement
If you are a representative of Mountain West Small Business Finance and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.