Lone Star State Capital Corporation
- Assets
- $256.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/2009
- Data as of
- 09/2021
- EIN
- 61-1564094
Organization Overview
Lone Star State Capital Corporation is located in Houston, TX. The organization was established in 2009. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lone Star State Capital Corporation 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 09/2021, Lone Star State Capital Corporation generated $72.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (24.3%) each year. All expenses for the organization totaled $35.9k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE SBA 504 LOANS PRIMARILY TO WOMEN AND MINORITY SMALL BUSINESSES IN EFFORT TO STIMULATE ECONOMIC GROWTH AND JOB CREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wiston Labbe Chairman | 1 | $0 | |
Orlando Saldana Director | 1 | $0 | |
Roger Harris Secretary | 1 | $0 | |
Paul Cheong Director | 1 | $0 | |
Steve Fairfield Treasurer | 1 | $0 | |
Goodwille J Pierre Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $72,755 |
| Total Revenue | $72,755 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,419 |
| Total expenses | $35,919 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $255,880 |
| Other assets | $0 |
| Total assets | $256,842 |
| Total liabilities | $23,250 |
| Net assets or fund balances | $233,592 |
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