Civic Intelligence

The Southern Development Council Inc.

990 • Fiscal year 2020 • EIN 63-0866023

Oct 01, 2019 to Sep 30, 2020 • Filed on Jul 16, 2021

Organization ProfileWWW.SDCINC.ORG

View Organization Page

200 Office Park Drive No 338Birmingham, AL 36117

(334) 244-1801

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.07x

Higher debt load relative to assets than 36% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.26x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

33rd percentile

-1.3%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

54th percentile

$129,440

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

25th percentile

-1.1%

Faster asset growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

77th percentile

22%

Faster revenue growth than 77% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets36th percentile

Assets

Down

$5,513,577

Down $62,077 (-1.1%) from 2019

Net Assets

Down

$5,124,445

Down $19,528 (-0.4%) from 2019

Liabilities

Down

$389,132

Down $42,549 (-9.9%) from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin33rd percentile

Revenue

Up

$1,499,797

Up $268,319 (+22%) from 2019

Expenses

Up

$1,519,325

Up $239,332 (+19%) from 2019

Net Income

Up

-$19,528

Up $28,987 (+60%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $4,640,239Liabilities 2011: $452,517Net Assets 2011: $4,187,7222011Assets 2012: $5,066,110Liabilities 2012: $715,456Net Assets 2012: $4,350,6542012Assets 2013: $5,098,975Liabilities 2013: $622,061Net Assets 2013: $4,476,9142013Assets 2014: $5,167,221Liabilities 2014: $459,237Net Assets 2014: $4,707,9842014Assets 2015: $5,278,499Liabilities 2015: $433,587Net Assets 2015: $4,844,9122015Assets 2016: $5,484,753Liabilities 2016: $492,606Net Assets 2016: $4,992,1472016Assets 2017: $5,632,819Liabilities 2017: $509,792Net Assets 2017: $5,123,0272017Assets 2019: $5,575,654Liabilities 2019: $431,681Net Assets 2019: $5,143,9732019Assets 2020: $5,513,577Liabilities 2020: $389,132Net Assets 2020: $5,124,4452020Assets 2021: $5,250,522Liabilities 2021: $363,786Net Assets 2021: $4,886,7362021Assets 2022: $5,076,770Liabilities 2022: $449,294Net Assets 2022: $4,627,4762022Assets 2023: $5,139,101Liabilities 2023: $433,319Net Assets 2023: $4,705,7822023Assets 2024: $5,365,921Liabilities 2024: $546,873Net Assets 2024: $4,819,0482024

Highlighted filing

2020

Assets$5,513,577
Liabilities$389,132
Net Assets$5,124,445
Open 2020 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,311,863Expenses 2011: $1,196,561Net Income 2011: $115,3022011Revenue 2012: $1,544,151Expenses 2012: $1,381,219Net Income 2012: $162,9322012Revenue 2013: $1,301,983Expenses 2013: $1,175,723Net Income 2013: $126,2602013Revenue 2014: $1,560,621Expenses 2014: $1,329,551Net Income 2014: $231,0702014Revenue 2015: $1,373,376Expenses 2015: $1,236,449Net Income 2015: $136,9272015Revenue 2016: $1,429,033Expenses 2016: $1,281,798Net Income 2016: $147,2352016Revenue 2017: $1,275,701Expenses 2017: $1,144,821Net Income 2017: $130,8802017Revenue 2019: $1,231,478Expenses 2019: $1,279,993Net Income 2019: -$48,5152019Revenue 2020: $1,499,797Expenses 2020: $1,519,325Net Income 2020: -$19,5282020Revenue 2021: $1,396,001Expenses 2021: $1,633,710Net Income 2021: -$237,7092021Revenue 2022: $1,106,394Expenses 2022: $1,365,654Net Income 2022: -$259,2602022Revenue 2023: $1,384,295Expenses 2023: $1,305,989Net Income 2023: $78,3062023Revenue 2024: $1,494,206Expenses 2024: $1,380,940Net Income 2024: $113,2662024

Highlighted filing

2020

Revenue$1,499,797
Expenses$1,519,325
Net Income-$19,528
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jul 16, 2021
Return Version
2019v5.2
Gross Receipts
$1,499,797
Mission and Program Overview

Mission

The organization's mission is to promote small business growth and development by assisting them with obtaining the financing they need in order to achieve that growth and development including job creation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,745,698$3,822,329▲ $76,631
Other Notes and Loans Receivable, Net$1,241,509$1,097,919▼ $143,590
Accounts Receivable$248,917$377,903▲ $128,986
Land, Buildings, and Equipment, Net$139,368$134,970▼ $4,398
Prepaid Expenses and Deferred Charges$15,339$34,707▲ $19,368
Cash and Non-Interest-Bearing Accounts$51,738$5,498▼ $46,240
Total Assets$5,575,654$5,513,577▼ $62,077
Other Assets Total$133,085$40,251▼ $92,834
Liabilities
Accounts Payable and Accrued Expenses$195,380$201,121▲ $5,741
Other Liabilities$236,301$188,011▼ $48,290
Total Liabilities$431,681$389,132▼ $42,549
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,057,973$4,038,445▼ $19,528
Net Assets With Donor Restrictions$1,086,000$1,086,000→ $0
Total Net Assets Fund Balance$5,143,973$5,124,445▼ $19,528
Total Liabilities and Net Assets / Fund Balance$5,575,654$5,513,577▼ $62,077

Asset Categories

AssetBook ValueDepreciationBasis
Land$120,715-$120,715
Equipment$14,255$105,405$119,660
Leasehold Improvements$0$30,599$30,599
Buildings$0$13,463$13,463
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ed HillBusiness Development OfficerFT$121,200$8,240$129,440
Dana MooreExecutive DirectorFT$100,000$6,000$106,000
Everette StrongBusiness Development OfficerFT$75,493$4,757$80,250
Maudie BedfordPresident, CEOFT$60,984$3,659$64,643
Lee AdcoxChairman of the BoardPT$10,500-$10,500
William P BarryVice PresidentPT$7,750-$7,750
John KnightBoard Member-$7,500-$7,500
Mark ChambersBoard Member-$7,500-$7,500
John SumrallBoard Member-$7,250-$7,250
David MathisBoard Member-$6,500-$6,500
Jo Karen ParrBoard Member-$5,250-$5,250
Jim SearcyBoard Member-$1,250-$1,250
John WilliamsBoard Member-$1,250-$1,250
Patrick HamnerBoard Member-$1,250-$1,250
Spencer WigginsBoard Member-$1,250-$1,250
Charles EddyBoard Member-$1,000-$1,000
Macke MauldinBoard Member-$1,000-$1,000
Perry O HooperBoard Member-$750-$750
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,310,951
Investment Income
$50,973
Other Revenue
$137,873
Change in Net Assets
$-19,528

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,499,797
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,499,797
Total Revenue per Form 990
$1,499,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$962,383
Other Expenses$556,942
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$460,134$55,784-$515,918
Current Officers, Directors, Trustees, and Key Employees$239,529$102,655-$342,184
Insurance$7,420$100,652-$108,072
Payroll Taxes$58,576$4,361-$62,937
Occupancy$20,486$36,876-$57,362
Fees for Services Accounting-$42,985-$42,985
Pension Plan Contributions$39,323$2,021-$41,344
Fees for Services Other$23,478$9,324-$32,802
Travel$22,797$3,519-$26,316
All Other Expenses$119,237$-95,453-$23,784
Other Expenses$17,198$15,828-$15,828
Office Expenses$1,551$9,318-$10,869
Advertising$8,127--$8,127
Conferences and Meetings$7,091--$7,091
Depreciation Depletion-$4,398-$4,398
Total Functional Expenses$1,140,748$378,577$0$1,519,325

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,519,325
Total Expenses per Audited Statements$1,519,325
Total Expenses per Form 990$1,519,325
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-LandlordAnnual Office RentNo$36,876
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Deposits$188,011
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization's form 990 and related schedules are prepared by an outside accounting firm and reviewed and approved by the organization's president and ceo and its executive director. Once those reviews are complete, the members of the board of directors are provided a complete copy for their review prior to filing with the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“Regular monitoring of the organization's conflict of interest policy is performed by its president and ceo. Enforcement of compliance rests witht he organization's board of directors.”

Form 990, Part VI, Section B, Line 15

“In determining the compensation packages for the ceo and staff, the executive compensation committee, comprised of members of the organization's board of directors may rely on reviews of irs form 990 filings for similar sized organizations, compensation survey reports prepared by independent consultants, or other such reports that might be available from the national association of development companies. Additionally, compensation is commensurate with each employees specific duties and responsibilities as outlined in the organizations internal control policy. Compensation is considered reasonable and customary for this organizations area of concern.”

Form 990, Part VI, Section C, Line 19

“Regular monitoring of the organization's conflict of interest policy is performed by its president and ceo. Enforcement of compliance rests with the organiztion's board of directors.”

Form 990, Part VI, Section C, Line 18

“The organization files a copy of its form 990 and related schedules with the appropriate governmental regulatory bodies where it becomes available for public inspection. The organization also files an annual report with the us small business administration (sba) detailing its activities including providing the sba with copies of its form 990, the minutes of the meetings of its board of directors, and a copy of the organization's annual audited financial statements.”

Filing and Contact Details

Filer

Filer Name
Southern Development Council
EIN
63-0866023
Phone
3342441801
Address
200 OFFICE PARK DRIVE NO 338, BIRMINGHAM, AL 36117

Signing Officer

Name
Maudie D Bedford
Title
President
Phone
3342441801
Signed
2021-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maudie D Bedford
Formed
1983
Legal Domicile
Al
Voting Board Members
14
Independent Board Members
8
Employees
14
Volunteers
0

Preparer

Firm
Borland Benefield Pc
Address
800 SHADES CREEK PARKWAY SUITE 875, BIRMINGHAM, AL 35209
Preparer
Jeffrey D Chandler CPA
Phone
2058027212
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization is a nonprofit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. Unrelated business income, of which the organization had none during the year ended september 30, 2020, would be subject to federal income taxes. Consequently, the accompanying financial statements do not reflect any provision for income taxes.”

Part X, Line 2

“The organization is a nonprofit organization that is exempt from income taxes under section 501(c) (3) of the internal revenue code. Unrelated business income, of which the organization had none during the year ended september 30, 2020, would be subject to federal income taxes. Consequently, the accompanying financial statements do not reflect any provision for income taxes.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT, CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BUSINESS DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17BUSINESS DEVELOPMENT OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01499797
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0100652
IRS990/InsuranceGrp/ProgramServicesAmt07420
IRS990/InsuranceGrp/TotalAmt0108072
IRS990/InvestmentIncomeGrp/ExclusionAmt022500
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt028473
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt050973
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0149467
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0139368
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0134970
IRS990/LandBldgEquipCostOrOtherBssAmt0284437
IRS990/LegalDomicileStateCd0AL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO PROMOTE SMALL BUSINESS GROWTH AND DEVELOPMENT BY ASSISTING THEM WITH OBTAINING THE FINANCING THEY NEED IN ORDER TO ACHIEVE THAT GROWTH AND DEVELOPMENT INCLUDING JOB CREATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt05143973
IRS990/NetAssetsOrFundBalancesEOYAmt05124445
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04057973
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04038445
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt036876
IRS990/OccupancyGrp/ProgramServicesAmt020486
IRS990/OccupancyGrp/TotalAmt057362
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09318
IRS990/OfficeExpensesGrp/ProgramServicesAmt01551
IRS990/OfficeExpensesGrp/TotalAmt010869
IRS990/OfficerMailingAddressInd01
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0133085
IRS990/OtherAssetsTotalGrp/EOYAmt040251
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REFERRAL FEES
IRS990/OtherExpensesGrp/Desc1ECONOMIC REINVESTMENT F
IRS990/OtherExpensesGrp/Desc2TELEPHONE AND UTILITIES
IRS990/OtherExpensesGrp/Desc3ANNUAL LEAVE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt075817
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110492
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt215828
IRS990/OtherExpensesGrp/ProgramServicesAmt0115326
IRS990/OtherExpensesGrp/ProgramServicesAmt1475
IRS990/OtherExpensesGrp/ProgramServicesAmt217198
IRS990/OtherExpensesGrp/TotalAmt0115326
IRS990/OtherExpensesGrp/TotalAmt176292
IRS990/OtherExpensesGrp/TotalAmt227690
IRS990/OtherExpensesGrp/TotalAmt315828
IRS990/OtherLiabilitiesGrp/BOYAmt0236301
IRS990/OtherLiabilitiesGrp/EOYAmt0188011
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0ECONOMIC REINVESTMENT
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt044919
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt075817
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt117137
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt075817
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt162056
IRS990/OtherRevenueTotalAmt0137873
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt055784
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0460134
IRS990/OtherSalariesAndWagesGrp/TotalAmt0515918
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01241509
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01097919
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04361
IRS990/PayrollTaxesGrp/ProgramServicesAmt058576
IRS990/PayrollTaxesGrp/TotalAmt062937
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02021
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt039323
IRS990/PensionPlanContributionsGrp/TotalAmt041344
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015339
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034707
IRS990/PrincipalOfficerNm0MAUDIE D BEDFORD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522298
IRS990/ProgramServiceRevenueGrp/BusinessCd1522298
IRS990/ProgramServiceRevenueGrp/BusinessCd2522298
IRS990/ProgramServiceRevenueGrp/BusinessCd3522298
IRS990/ProgramServiceRevenueGrp/Desc0LOAN SERVICING FEES
IRS990/ProgramServiceRevenueGrp/Desc1LOAN PACKAGING FEES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc3FORFEITTED DEPOSITS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0749493
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1441784
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt275817
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt343857
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0749493
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1441784
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt275817
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt343857
IRS990/ProgSrvcAccomActy2Grp/Desc0IN ADDITION TO THE SBA LOAN PROGRAMS, THE ORGANIZATION PROMOTES SMALL BUSINESS GROWTH AND DEVELOPMENT BY MAKING LOANS DIRECTLY TO SMALL BUSINESSES. UNDER CERTAIN CIRCUMSTANCES, THESE DIRECT LOANS ARE MADE IN CONJUNCTION WITH SBA LOANS AND ARE CONSIDERED "GAP" FINANCING. OTHER DIRECT LOANSARE MADE WHERE LOAN AMOUNTS NEEDED BY THE SMALL BUSINESSES ARE SMALLER OR SHORTER TERM OF WEHRE THE USE OF THE PROCEEDS IS MIXED (I.E. FIXED ASSET ACQUISITION OR WORKING CAPITAL) AND MAY NOT BE A CANDIDATE FOR TEH SBA 504 PROGRAM.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0106735
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0182077
IRS990/ProgSrvcAccomActy3Grp/Desc0ONE OF THE ORGANIZATION'S PROGRAMS IS RELATED TO THE LOAN SERVICING PROCESS. THE ORGANIZATION RECEIVES MONTHLY SERVICING FEES ON ALL LOANS FUNDED BY THE SBA.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0187353
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0749492
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt098235
IRS990/PYOtherExpensesAmt0335987
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01133243
IRS990/PYRevenuesLessExpensesAmt0-48515
IRS990/PYSalariesCompEmpBnftPaidAmt0944006
IRS990/PYTotalExpensesAmt01279993
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01231478
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-19528
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0500809
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03745698
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03822329
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt050973
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt098235
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt072931
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt063085
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt066690
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0351914
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01310952
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01131856
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01226987
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01212616
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01362343
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06244754
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt050973
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt098235
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt072931
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt063085
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt066690
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0351914
IRS990ScheduleA/InvestmentIncomeCYPct00.05220
IRS990ScheduleA/InvestmentIncomePYPct00.05270
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0137872
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01287
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0139159
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92710
IRS990ScheduleA/PublicSupportTotal509Amt06244754
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01310952

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,513,577
Liabilities
$389,132
Net assets
$5,124,445
Revenue
$1,499,797
Expenses
$1,519,325
Net income
-$19,528
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$0.55$4.82$1.49$1.38$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.14$0.43$4.71$1.38$1.31$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.08$0.45$4.63$1.11$1.37$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.25$0.36$4.89$1.40$1.63$0.24
2020Detailed filing. Detailed filing data is available for this year.$5.51$0.39$5.12$1.50$1.52$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.58$0.43$5.14$1.23$1.28$0.05
2017Summary only. Only limited summary data is available for this year.$5.63$0.51$5.12$1.28$1.14$0.13
2016Summary only. Only limited summary data is available for this year.$5.48$0.49$4.99$1.43$1.28$0.15
2015Summary only. Only limited summary data is available for this year.$5.28$0.43$4.84$1.37$1.24$0.14
2014Summary only. Only limited summary data is available for this year.$5.17$0.46$4.71$1.56$1.33$0.23
2013Summary only. Only limited summary data is available for this year.$5.10$0.62$4.48$1.30$1.18$0.13
2012Summary only. Only limited summary data is available for this year.$5.07$0.72$4.35$1.54$1.38$0.16
2011Summary only. Only limited summary data is available for this year.$4.64$0.45$4.19$1.31$1.20$0.12