Great Rivers Community Tr
- Assets
- $21.0m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Zebulon, NC
- Founding
- 09/2001
- Data as of
- 03/2023
- EIN
- 43-1925293
Organization Overview
Great Rivers Community Tr, operating under the name Scale Link, is located in Zebulon, NC. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scale Link is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Scale Link has awarded 19 individual grants totaling $3,511,632. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) THROUGH THE CREATION AND ONGOING DEVELOPMENT OF A SECONDARY MARKET FOR CDFI SMALL BUSINESS LOANS. TO EXERCISE ANY, ALL AND EVERY LAWFUL POWER OF A NONPROFIT CORPORATION ORGANIZED UNDER MISSOURI LAW; PROVIDED, HOWEVER, THAT NOTHING HEREIN SHALL BE CONSTRUED TO GIVE THE CORPORATION ANY PURPOSE THAT IS NOT PERMITTED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRCT PROVIDES TECHNICAL ASSISTANCE AND CAPITAL TO NONPROFIT CDFIS TO HELP THEM ORIGINATE MORE SMALL BUSINESS LOANS UNDER $50,000 IN SIZE TO BORROWERS WHO LACK ACCESS TO TRADITIONAL BANK LOANS, PARTICULARLY ENTREPRENEURS OF COLOR AND WOMEN ENTREPRENEURS IN LOW-TO-MODERATE INCOME CENSUS TRACTS AND WITH UNDER $1 MILLION OF GROSS ANNUAL REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Klein Chair | OfficerTrustee | 3 | $0 |
Andrea Levere Vice Chair | OfficerTrustee | 3 | $0 |
Robert Villarreal Treasurer | OfficerTrustee | 3 | $0 |
Alberto Paracchini Secretary | OfficerTrustee | 2 | $0 |
Andy Kaufman Board Member | Trustee | 2 | $0 |
Amber Kuchar-Bell Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,065,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,065,205 |
| Total Program Service Revenue | $376,371 |
| Investment income | $642,811 |
| 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 | $6,084,387 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,849,748 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,508 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,177,084 |
| Advertising and promotion | $11,699 |
| Office expenses | $57,707 |
| Information technology | $39,578 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $111,093 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,388 |
| All other expenses | $13,414 |
| Total functional expenses | $4,361,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,093,781 |
| Savings and temporary cash investments | $343,244 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,491,155 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,792,751 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $89,970 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $181,567 |
| Total assets | $20,992,468 |
| Accounts payable and accrued expenses | $1,022,296 |
| 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 | $2,900,000 |
| Unsecured mortgages and notes payable | $11,000,000 |
| Other liabilities | $0 |
| Total liabilities | $14,922,296 |
| Net assets without donor restrictions | $5,814,482 |
| Net assets with donor restrictions | $255,690 |
| 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 | $20,992,468 |
Grants Awarded
Over the last fiscal year, Great Rivers Community Tr has awarded $2,849,748 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DREAMSPRING PURPOSE: GENERAL SUPPORT | $728,392 |
ACCION OPPORTUNITY FUND COMMUNITY DEVELOPMENT PURPOSE: GENERAL SUPPORT | $918,880 |
LIFTFUND INC PURPOSE: GENERAL SUPPORT | $389,933 |
WORKING SOLUTIONS CDFI PURPOSE: GENERAL SUPPORT | $315,916 |
MAIN STREET LAUNCH PURPOSE: GENERAL SUPPORT | $206,568 |
ACCESSITY PURPOSE: GENERAL SUPPORT | $143,632 |