Overview
What is California Capital Small Business Financial Development Corporation?
The California Capital Small Business Financial Development Corporation, also known as California Capital FDC, is a nonprofit organization situated in Sacramento, California. Their primary mission is to empower entrepreneurs from underserved communities by offering various financial products and services. Through cooperative agreements with the Small Business Administration, they provide educational workshops, one-on-one assistance, online learning, and connections to local resources. Notably, they focused on supporting the childcare industry and small businesses recovering from the COVID-19 pandemic in the recent past. Based in Sacramento, their team consists of 31 dedicated individuals.
Official website here: www.cacapital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
California Capital Small Business Financial Development Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored 96% in its overall evaluation, indicating a solid financial health and governance structure. The rating is based entirely on Accountability & Finance, showing that the organization is effectively managing its resources and maintaining transparency.
The nonprofit excels in several key areas, including having a fully independent board, which enhances its governance and decision-making processes. It has also demonstrated strong financial oversight with thorough audit and oversight mechanisms in place. Additionally, the organization maintains a high program expense ratio of 83.18%, indicating that a significant portion of its expenses directly supports its mission and services.
There are no noted limitations in the data provided, which suggests a well-managed organization with effective policies to prevent conflicts of interest and ensure accountability. Overall, California Capital Small Business Financial Development Corporation stands out as a reliable nonprofit dedicated to its cause and the responsible handling of its financial resources.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about California Capital Small Business Financial Development Corporation?
98% of 13 reviewers on Facebook recommend this charity. Here is a summary of their insights:
Many users express high levels of satisfaction with the California Capital Small Business Financial Development Corporation. Reviewers highlight the exceptional support and respect they receive from the staff, emphasizing the organization's dedication to client success. One individual shared their journey from taking classes to securing state contracts, which illustrates the practical benefits and positive impact of the programs offered.
The overwhelming sentiment from participants showcases a strong appreciation for the resources and opportunities provided, demonstrating that the nonprofit effectively empowers small business owners and fosters their growth. Overall, California Capital appears to fulfill its mission, leaving clients feeling supported and accomplished.
This AI summary has been generated from reviews found on Facebook.
Is California Capital Small Business Financial Development Corporation legitimate?
California Capital Small Business Financial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Capital Small Business Financial Development Corporation 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: $679,685
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,551,621
For more financial information, click here
Official website here: www.cacapital.org
What is the mission statement of California Capital Small Business Financial Development Corporation?
The California Capital Small Business Financial Development Corporation is dedicated to providing capital and development assistance to enhance economic opportunities for underserved communities and individuals. They achieve this goal by offering a variety of flexible financial products and services through collaboration. The organization operates a Women's Business Center, which under a cooperative agreement with the Small Business Administration, helps entrepreneurs start and grow their businesses through educational workshops, one-on-one assistance, online learning, and connections to local resources. This past year, the center particularly focused on the childcare industry, in addition to aiding small businesses in COVID recovery.
Official website here: www.cacapital.org
Who is the CEO of California Capital Small Business Financial Development Corporation?
Deborah Muramoto is the Chair of California Capital Small Business Financial Development Corporation. The CEO's salary of California Capital Small Business Financial Development Corporation is $208,219 and their total compensation is $251,327.
Official website here: www.cacapital.org
What is the revenue of California Capital Small Business Financial Development Corporation?
California Capital Small Business Financial Development Corporation's revenue in 2022 was $3,624,110.
Official website here: www.cacapital.org
Who are the executives of California Capital Small Business Financial Development Corporation and what are their salaries?
The average compensation at California Capital Small Business Financial Development Corporation during 2022 was $71,978. There are 31 employees at California Capital Small Business Financial Development Corporation.
Here are 12 key members and their salaries (California Capital Small Business Financial Development Corporation's CEO's salary is $208,219 and their total compensation is $251,327):
- 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: $208,219
- Related: $0
- Other: $43,108
- Compensation: $141,885
- Related: $0
- Other: $21,402
- Compensation: $109,011
- Related: $0
- Other: $11,362
- Compensation: $141,485
- Related: $0
- Other: $3,212
- Compensation: $113,967
- Related: $0
- Other: $3,326
Official website here: www.cacapital.org
Where can I find the form 990 for California Capital Small Business Financial Development Corporation?
California Capital Small Business Financial Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cacapital.org
Learn more at the official website: www.cacapital.org
Mission Statement of California Capital Small Business Financial Development Corporation
California Capital Small Business Financial Development Corporation is dedicated to providing capital and development assistance, aiming to increase economic opportunities for underserved communities and individuals. They achieve this objective by offering a wide array of flexible financial products and services through collaboration. In essence, their mission is to empower underserved communities and individuals by facilitating access to financial resources and tools to foster business growth and development.
One of the key initiatives of California Capital Small Business Financial Development Corporation is their Women's Business Center, known as the California Capital WBC. This division, operating under a cooperative agreement with the Small Business Administration, focuses on assisting entrepreneurs in starting and expanding their businesses. They accomplish this by providing educational workshops, one-on-one assistance, online learning, and connecting entrepreneurs with local resources. In the recent past, they have placed a particular emphasis on the childcare industry, while also offering support for small businesses during COVID-19 recovery.
In summary, California Capital Small Business Financial Development Corporation's mission is to offer financial aid and development assistance to underserved communities and individuals. They achieve this by collaborating with various organizations to provide a wide range of flexible financial products and services. Their Women's Business Center, in particular, empowers entrepreneurs by offering educational resources and connecting them with local support systems.
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
July, 2024
California Capital Small Business Financial Development Corporation's impact includes providing capital and development assistance to increase economic opportunities for underserved communities and individuals. Through a wide range of flexible financial products and services, they collaborate to support entrepreneurs in starting and growing their businesses. Their Women's Business Center, in particular, focuses on offering educational workshops, one-on-one assistance, online learning, and connection with local resources. In the past year, they have prioritized supporting the childcare industry and assisting with COVID recovery efforts for small businesses. Overall, their work contributes to community improvement by fostering economic empowerment and entrepreneurship in Sacramento, CA.
This information is meant to be a general summary of California Capital Small Business Financial Development Corporation. 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: $133,222
- Program Service Revenue: $199,282
- Gross Receipts: $3,624,110
Assets and Liabilities:
- Total Assets: $3,926,926
- Total Liabilities: $916,094
- Net Assets: $3,010,832
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.
CAPITAL ACCESS PROGRAM
Revenue
$164,390
WOMENS BUSINESS CENTER
Revenue
$24,892
SBDC
Revenue
$10,000
Organization Details
Founding Year
1982
Phone
(916) 442-1792Principal Officer
Deborah Muramoto
Main Address
1792 TRIBUTE ROAD SUITE 270, SACRAMENTO, CA, 95815
Website
www.cacapital.orgNTEE Category
Code: S430 - Community improvement
If you are a representative of California Capital Small Business Financial Development Corporation 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.