Overview
What is Mid State Development Corporation?
Mid State Development Corporation is a nonprofit organization situated in Bakersfield, California, with a mission to stimulate economic growth and job creation in Kern County. They achieve this by providing Small Business Administration (SBA) loan programs to local entrepreneurs and small to medium-sized businesses, thereby helping to maintain or establish employment opportunities within the region. The corporation, with a team of seven dedicated individuals, operates with the goal of fostering a thriving business environment in Kern County.
Official website here: www.msdcdc.org
Is Mid State Development Corporation legitimate?
Mid State Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Mid State 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: $288,133
Professional Fundraising Fees: $0
Other Salaries and Wages: $220,604
For more financial information, click here
Official website here: www.msdcdc.org
What is the mission statement of Mid State Development Corporation?
Mid State Development Corporation's mission is centered around stimulating economic growth and creating or retaining jobs in a specific region. They achieve this by providing financial aid to small and medium-sized businesses, acting as a catalyst for their growth and development. The corporation's primary objective is to use the SBA loan program to support small business owners, thereby contributing to job creation and boosting the local economy.
Official website here: www.msdcdc.org
Who is the CEO of Mid State Development Corporation?
Keith Brice is the President of Mid State Development Corporation.
Official website here: www.msdcdc.org
What is the revenue of Mid State Development Corporation?
Mid State Development Corporation's revenue in 2022 was $777,454.
Official website here: www.msdcdc.org
Who are the executives of Mid State Development Corporation and what are their salaries?
The average compensation at Mid State Development Corporation during 2022 was $72,677. There are 7 employees and 14 volunteers at Mid State Development Corporation.
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Official website here: www.msdcdc.org
Where can I find the form 990 for Mid State Development Corporation?
Mid State Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msdcdc.org
Learn more at the official website: www.msdcdc.org
Mission Statement of Mid State Development Corporation
Mid State Development Corporation is an organization committed to stimulating economic development and creating or retaining jobs in its region. It achieves this mission by assisting small and medium-sized businesses in obtaining financing. The corporation's primary goal is to foster job creation and economic growth within the community, and it accomplishes this through its participation in the Small Business Administration (SBA) loan program, offering this opportunity to entrepreneurs in Kern County. By providing financial support to local businesses, Mid State Development Corporation contributes to the overall prosperity of its region.
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Impact
October, 2024
Mid State Development Corporation significantly impacts the Kern County region by stimulating economic development and fostering job creation. By facilitating access to financing for small and medium-sized businesses through the SBA loan program, they enable entrepreneurs to grow their operations, which in turn creates and retains jobs. This focus on strengthening local businesses not only enhances the economic landscape of Bakersfield and its surrounding areas but also supports community improvement initiatives, contributing to a more vibrant and sustainable economy. Through their efforts, they play a crucial role in helping the community thrive by empowering businesses to succeed.
This information is meant to be a general summary of Mid State 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: $981
- Program Service Revenue: $776,473
- Gross Receipts: $777,454
Assets and Liabilities:
- Total Assets: $1,160,589
- Total Liabilities: $371,952
- Net Assets: $788,637
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$776,473
Organization Details
Founding Year
1980
Phone
(661) 322-4241Principal Officer
Keith Brice
Main Address
1631 17TH STREET SUITE 100, BAKERSFIELD, CA, 93301
Website
www.msdcdc.orgNTEE Category
Code: S43 - Community improvement
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