Capital Partners Certified Development Company
- Assets
- $2.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Atlanta, GA
- Founding
- 08/1985
- Data as of
- 12/2023
- EIN
- 58-1604383
Organization Overview
Capital Partners Certified Development Company is located in Atlanta, GA. The organization was established in 1985. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Capital Partners Certified Development Company employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Partners Certified Development Company is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Capital Partners Certified Development Company generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 9.5% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER ECONOMIC DEVELOPMENT IN GEORGIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED US SMALL BUSINESS 504 DEBENTURES TO QUALIFYING SMALL BUSINESSES IN THE STATE OF GEORGIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Gault Director | Trustee | 0.5 | $0 |
Sandy Headley Director | Trustee | 0.5 | $0 |
Jim Brown Director | Trustee | 0.5 | $0 |
Shawnte Johnson Vp,underwriting | Officer | 40 | $121,485 |
Thomas Kimsey Director | Trustee | 0.5 | $0 |
Patrick Walsh Director | OfficerTrustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,700,077 |
| Investment income | $55,104 |
| 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 | $2,755,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,900 |
| 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. | $1,090,362 |
| Compensation of current officers, directors, key employees. | $274,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $303,381 |
| Pension plan accruals and contributions | $75,017 |
| Other employee benefits | $178,446 |
| Payroll taxes | $86,335 |
| Fees for services: Management | $87,542 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,267 |
| Advertising and promotion | $36,076 |
| Office expenses | $25,948 |
| Information technology | $30,738 |
| Royalties | $0 |
| Occupancy | $52,256 |
| Travel | $13,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,567 |
| Interest | $5 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,271 |
| Insurance | $20,608 |
| All other expenses | $0 |
| Total functional expenses | $2,172,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,536 |
| Savings and temporary cash investments | $2,231,634 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,101 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,842 |
| Net Land, buildings, and equipment | $3,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $260,198 |
| Total assets | $2,896,700 |
| Accounts payable and accrued expenses | $272,572 |
| Grants payable | $0 |
| Deferred revenue | $94,629 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $768,516 |
| Total liabilities | $1,135,717 |
| Net assets without donor restrictions | $1,760,983 |
| Net assets with donor restrictions | $0 |
| 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 | $2,896,700 |