Small Business Capital Corporation
- Assets
- $353.1k
- Revenue
- $331.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Tulsa, OK
- Founding
- 10/1994
- Data as of
- 09/2023
- EIN
- 73-1447364
Organization Overview
Small Business Capital Corporation is located in Tulsa, OK. The organization was established in 1994. 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. As of 09/2023, Small Business Capital Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Small Business Capital Corporation 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 09/2023, Small Business Capital Corporation generated $331.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $333.6k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 years. 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
PROMOTE AND ADMINISTER THE SBA 504 LOAN PROGRAM FOR SMALL BUSINESSES THROUGHOUT OKLAHOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SMALL BUSINESS CLIENTS WITH ASSISTANCE THROUGH SBA 504 LOANS TO STIMULATE PRIVATE SECTOR INVESTMENT IN LONG-TERM FIXED ASSETS, AND CREATE NEW JOBS. FUNDED 11 SMALL BUSINESS LOANS TOTALING 8,669,000 DURING THE YEAR.
THESE EXPENSES REPRESENT MANAGEMENT AND GENERAL EXPENSES NECESSARY TO MANAGE THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy A Roach President & | OfficerTrustee | 40 | $115,000 |
Jennifer Reagan Vp/executive | Officer | 40 | $80,500 |
Paul C Bauman Chairman | Trustee | 0 | $0 |
Ralph T Cunningham Board Member | Trustee | 0 | $0 |
Nicholas M Jones Vice Chairma | Trustee | 0 | $0 |
Patricia R Levering Vp/sec./trea | OfficerTrustee | 0 | $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 | $284,251 |
| Investment income | $47,304 |
| 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 | $331,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $207,757 |
| Compensation of current officers, directors, key employees. | $24,822 |
| Compensation to disqualified persons | $10,491 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,287 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $119 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,173 |
| Travel | $200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $891 |
| Insurance | $6,457 |
| All other expenses | $17,849 |
| Total functional expenses | $333,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,810 |
| Savings and temporary cash investments | $216,604 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,677 |
| 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 | $4,545 |
| Net Land, buildings, and equipment | $4,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,348 |
| Total assets | $353,144 |
| Accounts payable and accrued expenses | $2,665 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66,507 |
| Total liabilities | $69,172 |
| Net assets without donor restrictions | $283,972 |
| 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 | $353,144 |