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Ameritrust Cdc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205644200 ✦ Edmonds, WA ✦ Designated as a 501(c)(3)

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?
Who is the CEO of Ameritrust Cdc?
What is the revenue of Ameritrust Cdc?
Who are the executives of Ameritrust Cdc and what are their salaries?
Where can I find the form 990 for Ameritrust Cdc?

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.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $539
  • Program Service Revenue: $1,681,798
  • Gross Receipts: $1,694,505

    • Assets and Liabilities:
  • Total Assets: $1,777,009
  • Total Liabilities: $620,430
  • Net Assets: $1,156,579
  • 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

    Principal Officer

    Kim Willis

    Main Address

    111 MAIN STREET SUITE 102, EDMONDS, WA, 98020

    NTEE Category

    Code: S43 - Community improvement

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