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Southwest Intermediary Finance Team Inc

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

EIN: 455151663 ✦ Weatherford, OK ✦ Designated as a 501(c)(3)

Overview

What is Southwest Intermediary Finance Team Inc?

Southwest Intermediary Finance Team Inc is a nonprofit organization based in rural Oklahoma. Its primary mission is to foster a diverse economy, promoting business growth and retention, thereby expanding employment opportunities. They achieve this through their program, which involves providing loan advances to support new and existing businesses. By assisting with financial needs, this organization plays a significant role in boosting economic development in rural areas of Oklahoma.


Official website here: www.siftok.fund

Is Southwest Intermediary Finance Team Inc legitimate?

Southwest Intermediary Finance Team Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Intermediary Finance Team Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.siftok.fund

What is the mission statement of Southwest Intermediary Finance Team Inc?

Southwest Intermediary Finance Team Inc's mission is focused on fostering a diverse economy in rural areas. Their goal is to support and sustain business growth, particularly start-ups, and enhance employment prospects. By providing loan advances, they aim to contribute to business retention and stimulate economic development. Their activities are geared towards bolstering the rural community's economic resilience and creating more job opportunities.


Official website here: www.siftok.fund

Who is the CEO of Southwest Intermediary Finance Team Inc?

Doug Misak is the President of Southwest Intermediary Finance Team Inc.


Official website here: www.siftok.fund

What is the revenue of Southwest Intermediary Finance Team Inc?

Southwest Intermediary Finance Team Inc's revenue in 2022 was $3,255,146.


Official website here: www.siftok.fund

Who are the executives of Southwest Intermediary Finance Team Inc and what are their salaries?

Here are 11 key members and their salaries:

    Marvin Hankins (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beverly Ball (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randy Beutler (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Carruth (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Fagan (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dennis Krueger (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diana Lovell (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Misak (President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Thiessen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leia Moore (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Max Pyron (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.siftok.fund

    Where can I find the form 990 for Southwest Intermediary Finance Team Inc?

    The Southwest Intermediary Finance Team Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.siftok.fund

    Learn more at the official website: www.siftok.fund

    Mission Statement of Southwest Intermediary Finance Team Inc

    Southwest Intermediary Finance Team, as a nonprofit organization, is committed to a mission that aims to foster a diverse economy in rural areas. This mission is centered around supporting business growth and retention, thereby increasing employment opportunities within these regions. By providing loan advances, Southwest Intermediary Finance Team plays a crucial role in empowering entrepreneurs and encouraging the establishment of new businesses, thereby contributing to the overall economic development of rural communities. The organization's mission is instrumental in bolstering the economic vitality of these areas, ultimately leading to improved living standards and enhanced employment prospects for local residents.

    Impact

    This information is meant to be a general summary of Southwest Intermediary Finance Team Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Southwest Intermediary Finance Team Inc's impact is evident in its efforts to help develop a diverse economy that bolsters business start-up and retention while increasing employment opportunities in rural Oklahoma. Through programs such as providing loan advances, Southwest Intermediary Finance Team plays a crucial role in supporting the economic growth and stability of the region. Their work not only facilitates the establishment and growth of businesses but also contributes to the overall prosperity of rural communities in Oklahoma.





    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: $0
  • Program Service Revenue: $197,392
  • Gross Receipts: $3,255,146

    • Assets and Liabilities:
  • Total Assets: $8,334,774
  • Total Liabilities: $2,898,968
  • Net Assets: $5,435,806
  • Programs

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

    FEES

    Revenue

    $3,143

    INTEREST INCOME

    Revenue

    $194,249

    Organization Details

    Founding Year

    2012

    Principal Officer

    Doug Misak

    Main Address

    100 Campus Dr, Weatherford, OK, 73096

    NTEE Category

    Code: T99 - Philanthropy

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