Ampac Tri-State Cdc Inc
- Assets
- $17.9m
- Revenue
- $6.0m
- Investments
- $1.3m
- Employees
- 36
- Location
- Ontario, CA
- Founding
- 03/2006
- Data as of
- 12/2023
- EIN
- 75-3192344
Organization Overview
Ampac Tri-State Cdc Inc is located in Ontario, CA. The organization was established in 2006. 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 12/2023, Ampac Tri-State Cdc Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ampac Tri-State Cdc Inc 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 12/2023, Ampac Tri-State Cdc Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $6.0m during the year ending 12/2023. While expenses have increased by 25.2% 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
THE ORGANIZATION'S MISSION IS TO FINANCE THE GROWTH OF SMALL BUSINESSES, PROMOTE ECONOMIC DEVELOPMENT,JOB CREATION, AND ADVOCATE FOR BUSINESSES UTILIZING SMALL BUSINESS ADMINISTRATION RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVICES SMALL BUSINESSES WITHIN THE STATE OF CALIFORNIA THROUGH THE U.S. SMALL BUSINESS ADMINISTRATION'S (SBA) CERTIFIED DEVELOPMENT COMPANY(SECTION 504) PROGRAM. THE OBJECTIVE OF THE ORGANIZATION IS TO DEVOTE ITS RESOURCES TO PROGRAMS DESIGNED TO STIMULATE ECONOMIC DEVELOPMENT AND GROWTH IN THE URBAN, RURAL, AND OTHER DISADVANTAGED PERSONS AND GROUPS, IN AN ATTEMPT TO PROVIDE WORKING CAPITAL AND OTHER ASSISTANCE,TO ENHANCE, STIMULATE ENTREPRENEURIAL AND EMPLOYMENT OPPORTUNITIES. ADDITIONALLY, ORGANIZATION PROVIDES ASSISTANCE TO POTENTIAL CALIFORNIA BUSINESSES IN THE LOAN APPLICATION PROCESS THROUGH ITS CAPACITY TO PACKAGE, PROCESS, CLOSE, AND SERVICE FEDERAL AND STATE SPONSORED LOAN PROGRAMS.
THE SBA FAITH BASED SMALL BUSINESS SUMMIT IS AN ANNUAL CONFERENCE THAT THE ORGANIZATION HOSTS IN PARTNERSHIP WITH THE SMALL BUSINESS ADMINISTRATION SANTA ANA'S DISTRICT OFFICE. ITS OBJECTIVE IS TO CONNECT FAITH AND BUSINESS, PROVIDE RELEVANT WORKSHOPS AND PROGRAMS THAT CAN SERVE BOTH SECTORS FOR THE BENEFIT OF THE COMMUNITY AND ECONOMIC EMPOWERMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilda Kennedy Executive Dir. | OfficerTrustee | 40 | $308,424 |
Janise Graham Director | Trustee | 2 | $0 |
Thomas Galindo Director | Trustee | 2 | $0 |
Sharon Takaha Secretary | Trustee | 3 | $0 |
Aaron Bratton Board Member | Trustee | 1 | $0 |
Paul Leon Director | Trustee | 1 | $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 | $2,514,451 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,514,451 |
| Total Program Service Revenue | $3,502,975 |
| Investment income | $0 |
| 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 | $6,017,426 |
| 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. | $308,424 |
| Compensation of current officers, directors, key employees. | $56,845 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,797,216 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $415,795 |
| Payroll taxes | $240,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $68,708 |
| Office expenses | $109,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $159,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,101 |
| Insurance | $41,560 |
| All other expenses | $584,098 |
| Total functional expenses | $6,035,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,549,068 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312,889 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,649,937 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,987 |
| Net Land, buildings, and equipment | $54,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,300,691 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,999,953 |
| Total assets | $17,937,924 |
| Accounts payable and accrued expenses | $378,536 |
| 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 | $10,923,873 |
| Other liabilities | $528,310 |
| Total liabilities | $11,830,719 |
| Net assets without donor restrictions | $3,245,375 |
| Net assets with donor restrictions | $2,861,830 |
| 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 | $17,937,924 |