Small Business Capital Corporation
- Assets
- $360.9k
- Revenue
- $280.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Tulsa, OK
- Founding
- 10/1994
- Data as of
- 09/2022
- 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 09/2022, 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 09/2022, Small Business Capital Corporation generated $280.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $299.5k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 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
2022
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 12 SMALL BUSINESS LOANS TOTALING 8,578,000 DURING THE YEAR.
THESE EXPENSES REPRESENT MANAGEMENT AND GENERAL EXPENSES NECESSARY TO MANAGE THE ORGANIZATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy A Roach President & | OfficerTrustee | 40 | $107,500 |
Patricia R Levering Vp/sec./trea | OfficerTrustee | $0 | |
Virginia C Schulte Vp/asst. Sec | OfficerTrustee | $0 | |
Nicholas M Jones Vice Chairma | Trustee | $0 | |
Paul C Bauman Chairman | Trustee | $0 | |
Ralph T Cunningham Board Member | Trustee | $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 | $280,278 |
| Investment income | $352 |
| 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 | $280,630 |
| 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. | $114,749 |
| Compensation of current officers, directors, key employees. | $22,950 |
| Compensation to disqualified persons | $13,108 |
| Other salaries and wages | $68,000 |
| Pension plan accruals and contributions | $3,400 |
| Other employee benefits | $723 |
| Payroll taxes | $15,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,650 |
| Fees for services: Accounting | $8,600 |
| 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 | $440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,173 |
| Travel | $120 |
| 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 | $940 |
| Insurance | $6,387 |
| All other expenses | $24,364 |
| Total functional expenses | $299,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,619 |
| Savings and temporary cash investments | $165,672 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,343 |
| 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 | $4,553 |
| Net Land, buildings, and equipment | $1,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,348 |
| Total assets | $360,944 |
| Accounts payable and accrued expenses | $2,489 |
| 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 | $72,481 |
| Total liabilities | $74,970 |
| Net assets without donor restrictions | $285,974 |
| 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 | $360,944 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tulsa Economic Development Corporation Tulsa, OK | $33,851,725 | $32,973,039 |
Liftfund Inc San Antonio, TX | $95,784,141 | $59,155,631 |
Dreamspring Albuquerque, NM | $203,163,761 | $25,298,598 |
Peoplefund Austin, TX | $66,108,373 | $14,535,836 |
Houston Business Development Inc Houston, TX | $15,684,831 | $3,620,643 |
Dallas-Fort Worth Minority Supplier Development Council Inc Dallas, TX | $2,296,676 | $2,035,236 |
Technology Entrepreneur Center Inc St Louis, MO | $14,793,185 | $1,740,629 |
Community Certified Development Corporation Houston, TX | $1,043,060 | $1,562,471 |
South Central Ozark Council Of Governments Pomona, MO | $2,561,241 | $1,014,983 |
Foundation For Black Entrepreneurship Denver, CO | $394,455 | $1,255,984 |
Exponential Impact Colorado Springs, CO | $3,022,764 | $1,129,971 |
Civico Denver, CO | $298,946 | $905,043 |