West Central Community Development Corporation
- Assets
- $589.1k
- Revenue
- $398.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Appleton City, MO
- Founding
- 11/2017
- Data as of
- 08/2022
- EIN
- 82-1614683
Organization Overview
West Central Community Development Corporation, operating under the name New Growth Capital, is located in Appleton City, MO. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic 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. New Growth Capital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEW GROWTH CAPITAL CULTIVATES RURAL ASSETS AND ENTREPRENEURS, CONNECTS PEOPLE TO RESOURCES AND EACH OTHER, AND CATALYZES INNOVATION AND INVESTMENT. THIS WORK FOCUSES ON BUILDING BUSINESS ASSISTANCE AND RESOURCES ALONG WITH COLLABORATIVE COMMUNITY DEVELOPMENT INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW GROWTH CAPITAL'S MICROLENDING PROGRAM MADE 8 RLF LOANS TOTALING $98,943 AND 13 RMAP LOANS TOTALING $242,000 FOR A TOTAL OF 21 RURAL SMALL BUSINESSES BEING REACHED WITH THIS CAPITAL INFUSION, AND ABLE TO START OR EXPAND THEIR BUSINESSES. NEW GROWTH CAPITAL MADE 9 EMPLOYEE LOANS TOTALING $4,725. NEW GROWTH CAPITAL REPORTS THOSE LOANS TO THE EMPLOYEE'S CREDIT IN ORDER TO HELP THEM BUILD POSITIVE CREDIT AS WELL. NEW GROWTH CAPITAL'S CREDIT BUILDING PROGRAM MADE 5 LOANS TOTALING $2,500. THESE CREDIT BUILDING LOANS WERE COUPLED WITH CREDIT BUILDING COUNSELING ENSURING THAT THE PARTICIPANTS WOULD BE ABLE TO NOT ONLY BUILD POSITIVE CREDIT, BUT BE ABLE TO MAINTAIN IT.NEW GROWTH CAPITAL DEPLOYED TECHNICAL ASSISTANCE TO OVER 45 EXISTING BORROWERS AND POTENTIAL BORROWERS. TECHNICAL ASSISTANCE INCLUDED CREDIT ANALYSIS, COLLATERAL ANALYSIS, ASSISTANCE WITH NAVIGATING BUSINESS LICENSURE, REFERRALS TO BANKS AND CDFI PARTNERS FOR LARGER AMOUNTS OF CAPITAL, ASSISTANCE WITH SERVICE DEVELOPMENT IN ORDER TO NAVIGATE HIGHER FOOD PRICES AND BUSINESS COUNSELING, AS WELL AS FOLLOW UP TO EXISTING BORROWERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred R Bunch Board Chair | OfficerTrustee | 1 | $0 |
Don Boultinghouse Board Vice Chair | OfficerTrustee | 1 | $0 |
Leroy Strope Board Secretary | OfficerTrustee | 1 | $0 |
Martha J Sander Board Treasurer | OfficerTrustee | 1 | $0 |
Alvin Griffin Trustee | Trustee | 1 | $0 |
Art Neuenschwander Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $185,831 |
| Government grants | $107,281 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,831 |
| Total Program Service Revenue | $50,239 |
| Investment income | $15,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $720 |
| 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 | $398,851 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $256,901 |
| Fees for services: Legal | $1,518 |
| 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 | $28,018 |
| Advertising and promotion | $0 |
| Office expenses | $16,160 |
| Information technology | $18,099 |
| Royalties | $0 |
| Occupancy | $7,293 |
| Travel | $14,660 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,820 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,895 |
| All other expenses | $2,692 |
| Total functional expenses | $381,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,850 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,337 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $295,261 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $911 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,757 |
| Total assets | $589,116 |
| Accounts payable and accrued expenses | $105,478 |
| 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 | $354,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $459,478 |
| Net assets without donor restrictions | $129,638 |
| 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 | $589,116 |