Shenandoah Community Capital Fund I Nc
- Assets
- $697.2k
- Revenue
- $607.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Staunton, VA
- Founding
- 05/2008
- Data as of
- 06/2021
- EIN
- 26-1798076
Organization Overview
Shenandoah Community Capital Fund I Nc is located in Staunton, VA. The organization was established in 2008. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Shenandoah Community Capital Fund I NC employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shenandoah Community Capital Fund I NC is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Shenandoah Community Capital Fund I NC generated $607.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $579.5k during the year ending 06/2021. While expenses have increased by 13.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Shenandoah Community Capital Fund I NC has awarded 15 individual grants totaling $133,281. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELP BUILD A MORE ACCESSIBLE AND EQUITABLE ECOSYSTEM FOR ENTREPRENEURS AND SMALL BUSINESS OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FINANCING AND DEVELOPMENT SERVICES FOR SMALL BUSINESSESS AND ENTREPRENEURS IN THE SHENANDOAH VALLEY OF VIRGINIA.
IN AUGUST OF 2020, THE CITY OF STAUNTON, VIRGINIA EXPERIENCED EXTREME FLASH FLOODING THAT RESULTED IN SEVERE PROPERTY DAMAGE TO SEVERAL SMALL BUSINESSES LOCATED IN THE DOWNTOWN AREA. IN RESPONSE, SCCF PROMPTLY INITIATED A PUBIC CAMPAIGN TO RAISE DISASTER RELIEF FUNDS FOR DISTRIBUTION TO SMALL BUSINESSES OWNERS IMPACTED BY THE FLOODING. THIS MUCH NEEDED ASSISTANCE ALLOWED SMALL BUSINESSES TO FULFILL VARIOUS NEEDS INCLUDING PROPERTY REPAIRS, EQUIPMENT AND FIXTURES REPLACMENT, INVENTORY REPLACEMENT, AND VARIOUS OTHER NEEDS ESSENTIAL FOR THE SMALL BUSINESSES TO RESUME OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Irwin Executive Director | Officer | 40 | $58,321 |
Dalton Campbell Treasurer | OfficerTrustee | 3 | $0 |
Ellen Brock President | OfficerTrustee | 3 | $0 |
Juan Pablo Berrizbeitia Vice President | OfficerTrustee | 3 | $0 |
Marlena Hobson Secretary | OfficerTrustee | 3 | $0 |
Amanda Dimeo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $271,722 |
| All other contributions, gifts, grants, and similar amounts not included above | $297,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $569,690 |
| Total Program Service Revenue | $37,187 |
| Investment income | $904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $607,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,962 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,321 |
| Compensation of current officers, directors, key employees. | $20,412 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,836 |
| Fees for services: Accounting | $20,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $6,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $522 |
| Office expenses | $14,470 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,691 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,904 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,548 |
| All other expenses | $0 |
| Total functional expenses | $579,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $185,469 |
| Pledges and grants receivable | $118,297 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $368,170 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,047 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,171 |
| Total assets | $697,154 |
| Accounts payable and accrued expenses | $10,593 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $252,795 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,356 |
| Total liabilities | $285,744 |
| Net assets without donor restrictions | $152,535 |
| Net assets with donor restrictions | $258,875 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $697,154 |
Grants Awarded
Over the last fiscal year, Shenandoah Community Capital Fund I Nc has awarded $120,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
GLORIA'S PUPUSERIA PURPOSE: FLOOD DAMAGE RELIEF | $12,500 |
DIXON STUDIO & GALLERY PURPOSE: FLOOD DAMAGE RELIEF | $10,500 |
NU-BEGINNING FARM PURPOSE: FLOOD DAMAGE RELIEF | $10,500 |
RYZING TECHNOLOGIES PURPOSE: FLOOD DAMAGE RELIEF | $10,000 |
CHINA HOUSE PURPOSE: FLOOD DAMAGE RELIEF | $10,000 |
THE WINE CELLAR PURPOSE: FLOOD DAMAGE RELIEF | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Shenandoah Community Capital Fund I Nc has recieved totaling $20,500.
| Awarding Organization | Amount |
|---|---|
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $15,000 |
Community Foundation Of The Central Blue Ridge Staunton, VA PURPOSE: GENERAL SUPPORT | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Americans For Prosperity Arlington, VA | $36,122,323 | $113,776,550 |
Self Help Ventures Fund Durham, NC | $1,059,061,327 | $60,531,771 |
Anne Arundel Economic Development Corporation Annapolis, MD | $15,670,028 | $30,337,180 |
City Of Baltimore Development Corporation Baltimore, MD | $22,115,045 | $13,864,142 |
Prosperity Now Washington, DC | $29,090,376 | $24,644,874 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Carter Street Corporation Chattanooga, TN | $16,714,346 | $6,596,539 |
Charlotte Center City Partners Charlotte, NC | $3,090,178 | $6,164,890 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Maryland Manufacturing Service Inc Salisbury, MD | $279,305 | $5,207,545 |
Enterprise Center Inc Chattanooga, TN | $3,677,488 | $5,998,300 |
Historic East Baltimore Community Action Coalition Inc Baltimore, MD | $9,898,806 | $3,562,151 |