Shenandoah Community Capital Fund I Nc
- Assets
- $739.1k
- Revenue
- $938.0k
- Investments
- $0.0
- Employees
- 10
- Location
- Staunton, VA
- Founding
- 05/2008
- Data as of
- 06/2022
- 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 06/2022, Shenandoah Community Capital Fund I NC employed 10 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 06/2022, Shenandoah Community Capital Fund I NC generated $938.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $977.8k during the year ending 06/2022. While expenses have increased by 20.2% per year over the past 7 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 25 individual grants totaling $338,860. 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
2022
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. THESE SERVICES INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING:PROVIDING LOANS RANGING FROM $500 TO $50,000 TO ENTREPRENEURS, STARTUPS, OR EXISTING SMALL BUSINESSES. OFFERING TECHNICAL ASSISTANCE TO LOAN CLIENTS THROUGHOUT THE LIFE OF THE LOAN.OFFERING ACCELERATION AND BUSINESS INCUBATION PROGRAMS TO ENTREPRENEURS TRYING TO START, SUSTAIN, OR GROW SCALABLE BUSINESSES IN THE SHENANDOAH VALLEY.PROVIDING COMMUNITY-BASED TRAINING CLASSES AND WORKSHOPS IN A WIDE VARIETY OF TOPICS RELEVANT TO BUSINESS MANAGEMENT.HELPING TO BUILD AND SUSTAIN AN ECOSYSTEM THAT LEVERAGES ORGANIZATIONAL PARTNERSHIPS THROUGHOUT THE REGION TO SUPPORT ENTREPRENEURIAL ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juan Pablo Berrizbeitia President | OfficerTrustee | 3 | $0 |
John Gillies Vice President | OfficerTrustee | 3 | $0 |
Peyton Wright Treasurer | OfficerTrustee | 3 | $0 |
Amanda Dimeo Secretary | OfficerTrustee | 3 | $0 |
Atin Basu Choudhary Director | Trustee | 1 | $0 |
Ellen Brock Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $827,897 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $902,423 |
| Total Program Service Revenue | $35,478 |
| Investment income | $76 |
| 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 | $937,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $206,477 |
| 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. | $101,577 |
| Compensation of current officers, directors, key employees. | $60,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,381 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,687 |
| Payroll taxes | $31,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,556 |
| Advertising and promotion | $11,237 |
| Office expenses | $24,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,662 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,943 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,295 |
| All other expenses | $6,116 |
| Total functional expenses | $977,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $154,814 |
| Pledges and grants receivable | $166,521 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $402,073 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,761 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,893 |
| Total assets | $739,062 |
| Accounts payable and accrued expenses | $77,255 |
| Grants payable | $0 |
| Deferred revenue | $1,661 |
| 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 | $287,037 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,430 |
| Total liabilities | $422,383 |
| Net assets without donor restrictions | $106,747 |
| Net assets with donor restrictions | $209,932 |
| 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 | $739,062 |
Grants Awarded
Over the last fiscal year, Shenandoah Community Capital Fund I Nc has awarded $192,298 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
B-CUBED - HARRISONBURG-ROCKINGHAM CHAMBER OF COMMERCE PURPOSE: FLOOD DAMAGE RELIEF | $25,000 |
RISE ORGANIZATION PURPOSE: FLOOD DAMAGE RELIEF | $25,000 |
WALKER PROGRAM - COMMUNITY FOUNDATION FOR ROCKBRIDGE BATH AND ALLEGHANY PURPOSE: FLOOD DAMAGE RELIEF | $25,000 |
GROW WAYNESBORO - CITY OF WAYNESBORO ECONOMIC DEVELOPMENT & TOURISM PURPOSE: FLOOD DAMAGE RELIEF | $23,650 |
SHENANDOAH UNIVERSITY PURPOSE: FLOOD DAMAGE RELIEF | $53,591 |
NATIONAL LEAD FOR AMERICA PURPOSE: FLOOD DAMAGE RELIEF | $26,250 |