Overview
What is Prince George's Financial Services Corporation?
Prince George's Financial Services Corporation is a private, non-profit organization, designated as a Certified Development Corporation by the U.S. Small Business Administration. Based in Largo, Maryland, the corporation's primary mission is to provide non-traditional funding sources to businesses in underserved markets. During the COVID-19 pandemic, they served as the lender service provider (LSP) to support small businesses in Prince George's County and the state of Maryland, offering technical assistance, compliance, portfolio management, and related services. With a team of 12 dedicated individuals, the corporation aims to contribute to the economic growth of underrepresented business sectors.
Official website here: www.fscfirst.com
Is Prince George's Financial Services Corporation legitimate?
Prince George's Financial Services Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prince George's Financial Services 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: $325,837
Professional Fundraising Fees: $0
Other Salaries and Wages: $975,020
For more financial information, click here
Official website here: www.fscfirst.com
What is the mission statement of Prince George's Financial Services Corporation?
Prince George's Financial Services Corporation, being a private non-profit organization, is designated as a Certified Development Corporation by the U.S. Small Business Administration. Its primary objective is to provide non-traditional funding sources to businesses operating in underserved markets. To accomplish this mission, the corporation serves as the Lender Service Provider (LSP) for COVID-19 relief efforts, delivering technical assistance, compliance, portfolio management, and related services to small businesses in Prince George's County and the state of Maryland. The organization's aim is to support these businesses, which often face financial challenges, by offering them alternative funding options.
Official website here: www.fscfirst.com
Who is the CEO of Prince George's Financial Services Corporation?
Shelly Gross-Wade is the Chair of Prince George's Financial Services Corporation. The CEO's salary of Prince George's Financial Services Corporation is $188,304 and their total compensation is $235,143.
Official website here: www.fscfirst.com
What is the revenue of Prince George's Financial Services Corporation?
Prince George's Financial Services Corporation's revenue in 2022 was $2,663,412.
Official website here: www.fscfirst.com
Who are the executives of Prince George's Financial Services Corporation and what are their salaries?
The average compensation at Prince George's Financial Services Corporation during 2022 was $108,405. There are 12 employees and 15 volunteers at Prince George's Financial Services Corporation.
Here are 15 key members and their salaries (Prince George's Financial Services Corporation's CEO's salary is $188,304 and their total compensation is $235,143):
- Shelly M Gross-Wade (President & Ceo)
- Beverly Everson-Jones (Cfo)
- Dawn R Medley (Senior Vice President Business Finance)
- Diane Brown (Chair) [Trustee/Director]
- John Hale Iii (Vice Chair) [Trustee/Director]
- Terrence A Beverly (Treasurer) [Trustee/Director]
- Eben Smith (Secretary) [Trustee/Director]
- John Halley (Director)
- Valarie Dock (Director)
- Andrea C Harrison (Director)
- Garrett Jackson (Director)
- Mirinda Jackson (Director)
- Kenneth L White (Director)
- Shanton Kittler (Director)
- Peter Sorge (Non-Voting Director)
Official website here: www.fscfirst.com
Where can I find the form 990 for Prince George's Financial Services Corporation?
The Prince George's Financial Services Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.fscfirst.com
Learn more at the official website: www.fscfirst.com
Mission Statement of Prince George's Financial Services Corporation
Prince George's Financial Services Corporation, a private non-profit organization, is designated as a Certified Development Corporation by the U.S. Small Business Administration. Its primary mission is to offer non-traditional financing options to businesses operating in underserved markets. This mission is instrumental in fostering economic growth and development within these sectors, which may face challenges in securing traditional funding sources.
In response to the COVID-19 pandemic, Prince George's Financial Services Corporation has taken on a crucial role as the Lender Service Provider (LSP) for Prince George's County and the State of Maryland's COVID-19 relief efforts for small businesses. This responsibility encompasses delivering technical assistance, ensuring compliance, managing portfolios, and providing related services. By serving in this capacity, the corporation is actively contributing to the financial stability and resilience of small businesses in the face of unprecedented challenges.
Impact
This information is meant to be a general summary of Prince George's Financial Services Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Prince George's Financial Services Corporation plays a crucial role in providing non-traditional funding sources to businesses in underserved markets, particularly during the challenging times brought about by the COVID-19 pandemic. As the designated lender service provider for small businesses in Prince George's County and the state of Maryland, the organization delivers essential technical assistance, compliance, portfolio management, and related services to support these businesses in accessing much-needed financial resources. Through its efforts, Prince George's Financial Services Corporation contributes to the economic resilience and growth of the community, making a tangible impact on small businesses in need of financial support.
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.
LOAN PROCESSING AND SE
Revenue
$669,673
INTEREST INCOME - LOAN
Revenue
$149,120
LOAN APPLICATION FEES
Revenue
$38,985
Organization Details
Founding Year
1978
Phone
(301) 883-6900
Principal Officer
Shelly Gross-Wade
Main Address
1801 MCCORMICK DRIVE SUITE 300, LARGO, MD, 20774
Website
www.fscfirst.com
NTEE Category
Code: S43Z - Community improvement
If you are a representative of Prince George's Financial Services 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.