Overview
What is Ameritrust Cdc?
Ameritrust Cdc, located at 111 Main Street Suite 102, Edmonds, WA 98020, is a nonprofit organization dedicated to promoting economic development and job creation. They accomplish this mission by operating the Small Business Administration's "504" Loan Program, a certified initiative that encourages small businesses to grow and thrive. With a team of eight dedicated employees, Ameritrust Cdc plays a crucial role in facilitating this loan program, which ultimately helps small businesses succeed.
Is Ameritrust Cdc legitimate?
Ameritrust Cdc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ameritrust Cdc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $266,029
Professional Fundraising Fees: $0
Other Salaries and Wages: $503,160
For more financial information, click here
What is the mission statement of Ameritrust Cdc?
The Ameritrust CDC's mission is to operate and facilitate the Small Business Administration's 504 Loan Program. This mission aims to promote economic development and job creation for small businesses. The 504 Loan Program, which is certified by the Small Business Administration, encourages economic growth by providing long-term financing for the purchase of real estate and equipment. The Ameritrust CDC's role in this program is to facilitate the process, making it easier for small businesses to access the necessary funds for growth.
Who is the CEO of Ameritrust Cdc?
Kim Willis is the Board Of Director of Ameritrust Cdc.
What is the revenue of Ameritrust Cdc?
Ameritrust Cdc's revenue in 2022 was $1,694,505.
Who are the executives of Ameritrust Cdc and what are their salaries?
The average compensation at Ameritrust Cdc during 2022 was $96,149. There are 8 employees at Ameritrust Cdc.
Here are 13 key members and their salaries:
- Kim Willis (Board Of Director)
- Mark Willis (Key Employee)
- Ryan Vehrs (Controller)
- Jason M Tydeman (Highly Compensated)
- Brett Vehrs (Highly Compensated)
- Diane Blashill (Highly Compensated)
- Andrea Sherwood (Vice President)
- Mike Brown (Board Of Director)
- Wade Stringfield (Board Of Director)
- Mark Rogers (Board Of Director)
- Joe Beitly (Board Of Director)
- Lauren Hawley (Board Of Director)
- John Nelson (Board Of Director)
Where can I find the form 990 for Ameritrust Cdc?
The Ameritrust Cdc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Ameritrust Cdc
Ameritrust CDC, as a nonprofit organization, is dedicated to promoting and facilitating the Small Business Administration's 504 Loan Program. This mission aims to encourage economic development and create job opportunities for small businesses. The 504 Loan Program, certified by the Small Business Administration, is operated by Ameritrust CDC. This program is a crucial tool that assists small businesses in securing long-term, fixed-rate financing for real estate and other major fixed assets, thereby fostering growth and job creation. The 504 Loan Program plays a significant role in empowering small businesses, thereby contributing to the overall economic development of the community.
Impact
This information is meant to be a general summary of Ameritrust Cdc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Ameritrust CDC's impact is significant in facilitating economic development and job creation for small businesses. Through operating the "504" loan program certified by the Small Business Administration, Ameritrust CDC promotes and facilitates access to funding that encourages economic growth. By providing financial resources to small businesses, Ameritrust CDC contributes to community improvement and helps in stimulating local economies.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICING INCOME
Revenue
$1,139,767
FEE INCOME
Revenue
$542,031
Organization Details
Founding Year
2007
Phone
(425) 787-6100
Principal Officer
Kim Willis
Main Address
111 MAIN STREET SUITE 102, EDMONDS, WA, 98020
NTEE Category
Code: S43 - Community improvement
If you are a representative of Ameritrust Cdc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.