Premier Capital Corporation

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

EIN: 351384838 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

Overview

What is Premier Capital Corporation?

Premier Capital Corporation is a nonprofit organization situated in Indianapolis, Indiana. With a mission to promote economic development, they primarily focus on arranging loans for over 400 small businesses in Indiana and Kentucky. These businesses, in turn, create job opportunities and contribute to the tax base of the region. Their core activities involve originating, closing, and servicing Small Business Administration (SBA) loans through the SBA Section 504 Loan Program and other economic development activities, as authorized by their board of directors. The corporation currently employs 9 individuals.


Official website here: www.504partner.com

Is Premier Capital Corporation legitimate?

Premier Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Premier Capital Corporation 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: $192,591
Professional Fundraising Fees: $0
Other Salaries and Wages: $611,880

For more financial information, click here


Official website here: www.504partner.com

What is the mission statement of Premier Capital Corporation?

Premier Capital Corporation's mission is centered around promoting economic development in two states, specifically Indiana and Kentucky. They achieve this goal by utilizing programs such as the U.S. Small Business Administration (SBA) Section 504 Loan Program and other economic development activities, as authorized by their board of directors. The corporation's primary activity involves originating, closing, and servicing loans for over 400 small businesses in these states. These small businesses, in turn, create new employment opportunities and contribute to an increased tax base in the region.


Official website here: www.504partner.com

Who is the CEO of Premier Capital Corporation?

David W Amick is the Executive Director/Asst. S of Premier Capital Corporation.


Official website here: www.504partner.com

What is the revenue of Premier Capital Corporation?

Premier Capital Corporation's revenue in 2022 was $1,528,792.


Official website here: www.504partner.com

Who are the executives of Premier Capital Corporation and what are their salaries?

The average compensation at Premier Capital Corporation during 2022 was $89,386. There are 9 employees and 15 volunteers at Premier Capital Corporation.

Here are 17 key members and their salaries:

    David W Amick (Executive Director/Asst. S)
  • Compensation: $155,924
  • Related: $0
  • Other: $19,493

    • Gary Huff (Former Senior Loan Officer)
  • Compensation: $117,264
  • Related: $0
  • Other: $15,260

    • C Russell Cox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roger Engelau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stephen P Fountain (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harold Gutzwiller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Natalie Hopkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven R Mcglothlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jesse L Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Connie J Shepherd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin S Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott W Thiems (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark E Bruin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian P Carroll (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry P Orem (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chad Walker (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phillip E Darrah (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.504partner.com

    Where can I find the form 990 for Premier Capital Corporation?

    The Premier Capital Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.504partner.com

    Learn more at the official website: www.504partner.com

    Mission Statement of Premier Capital Corporation

    Premier Capital Corporation, a renowned organization, is dedicated to fostering economic development in both Indiana and Kentucky. Its primary mission involves originating, closing, and servicing Small Business Administration (SBA) loans through the SBA Section 504 Loan Program and other authorized economic development activities, as determined by its board of directors. By providing these loans, Premier Capital Corporation helps more than 400 small businesses in the mentioned states. These businesses, in turn, create new employment opportunities and contribute to the growth of the regional tax base. In essence, Premier Capital Corporation plays a pivotal role in promoting economic growth and development in Indiana and Kentucky.

    Impact

    This information is meant to be a general summary of Premier Capital Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Premier Capital Corporation has a significant impact on the economic development of Indiana and Kentucky by originating, closing, and servicing SBA loans for over 400 small businesses in the region. These businesses not only create new jobs but also contribute to the growth of the tax base, ultimately benefiting the local communities. Through their efforts, Premier Capital Corporation plays a crucial role in fostering community improvement and supporting the entrepreneurial spirit in the area.





    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: $5,742
  • Program Service Revenue: $1,514,614
  • Gross Receipts: $1,532,072

    • Assets and Liabilities:
  • Total Assets: $2,695,127
  • Total Liabilities: $213,180
  • Net Assets: $2,481,947
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SERVICING FEES

    Revenue

    $868,842

    LOAN CLOSING FEES

    Revenue

    $571,268

    FLOAT INTEREST INCOME

    Revenue

    $74,504

    Organization Details

    Founding Year

    1976

    Principal Officer

    David W Amick

    Main Address

    300 NORTH MERIDIAN STREET 990, INDIANAPOLIS, IN, 46204

    NTEE Category

    Code: S43 - Community improvement

    If you are a representative of Premier Capital Corporation 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.