Small Business Assistance Corp

Organization Overview

Small Business Assistance Corp is located in Savannah, GA. The organization was established in 2012. 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 09/2022, Small Business Assistance Corp employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Small Business Assistance Corp 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 09/2022, Small Business Assistance Corp generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.5m during the year ending 09/2022. While expenses have increased by 7.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

EXEMPT PURPOSE IS TO FOSTER ECONOMIC DEVELOPMENT IN SAVANNAH, GEORGIA AND THE SURROUNDING REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SMALL BUSINESS ASSISTANCE CORPORATION IS A SPECIALIZED, NONPROFIT BUSINESS DEVELOPMENT ORGANIZATION LICENSED BY THE U.S. SMALL BUSINESS ADMINISTRATION AND CONTRACTED BY THE CITY OF SAVANNAH TO PROMOTE SMALL BUSINESS DEVELOPMENT. OUR PROGRAM ADDRESSES: ACCESS TO CAPITAL, ACCESS TO MANAGEMENT ASSISTANCE, AND BUSINESS OPPORTUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Hugh Anthony O'reilly
Executive Di
$117,871
T Brett Goodwin
Secretary
$0
Brendan Ferrara
Chairman
$0
Elaine Campbell
Treasurer
$0
Lynn Vos
Loan Committ
$0
Kate Rott
Assistant Se
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $692,886
All other contributions, gifts, grants, and similar amounts not included above$179,350
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$872,236
Total Program Service Revenue$404,573
Investment income $247,402
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $15,095
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 $1,539,306

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Small Business Assistance Corp has recieved totaling $22.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$22
View Grant Recipient Profile

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