Overview
What is Preferred Lending Partners?
Preferred Lending Partners is a nonprofit organization established with the mission to stimulate economic growth in Colorado. Located at 1580 Logan Street Suite 540, Denver, CO 80203, they operate with a small team of seven employees. Their primary role involves assisting qualified businesses in Colorado to procure Small Business Administration loans. They collaborate with financial institutions and third-party lenders to secure long-term capital, aiding in business expansion and the acquisition of capital assets. The ultimate goal of Preferred Lending Partners is to contribute to the state's economic development by fostering the growth and advancement of both new and existing businesses.
Official website here: www.preferredlendingpartners.com
Is Preferred Lending Partners legitimate?
Preferred Lending Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preferred Lending Partners 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: $338,040
Professional Fundraising Fees: $0
Other Salaries and Wages: $812,991
For more financial information, click here
Official website here: www.preferredlendingpartners.com
What is the mission statement of Preferred Lending Partners?
Preferred Lending Partners was established with the objective of fostering economic growth in various sectors. Their primary goal is to support and aid the expansion and development of both new and existing businesses. They accomplish this by promoting and assisting in the financial needs of these businesses, helping them secure long-term capital through Small Business Administration loans. This is achieved by collaborating with financial institutions and third-party lenders. The mission of Preferred Lending Partners is to contribute positively to the economic landscape by empowering businesses to grow and thrive.
Official website here: www.preferredlendingpartners.com
Who is the CEO of Preferred Lending Partners?
Brian P Devlin is the Executive Di of Preferred Lending Partners.
Official website here: www.preferredlendingpartners.com
What is the revenue of Preferred Lending Partners?
Preferred Lending Partners's revenue in 2022 was $1,342,208.
Official website here: www.preferredlendingpartners.com
Who are the executives of Preferred Lending Partners and what are their salaries?
The average compensation at Preferred Lending Partners during 2022 was $164,433. There are 7 employees at Preferred Lending Partners.
Here are 14 key members and their salaries:
- Brian P Devlin (Executive Di) [Trustee/Director]
- Megan Jewell (Dir Oper/Mar)
- Juliene Wynn (Dir Of Lendi)
- Laura L Farley (Chief Of Cre)
- Sam Stookey (President) [Trustee/Director]
- Steve Fajardo (Secretary/Tr) [Trustee/Director]
- Kenneth Allen (Director)
- Gary Gomulinski (Director)
- Patrick Henry (Director)
- Cari S Clayton (Director)
- Ben Dorland (Director)
- Bill Schneider (Director)
- Stratton Smith (Director)
- Mark Molen (Director)
Official website here: www.preferredlendingpartners.com
Where can I find the form 990 for Preferred Lending Partners?
The Preferred Lending Partners’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.preferredlendingpartners.com
Learn more at the official website: www.preferredlendingpartners.com
Mission Statement of Preferred Lending Partners
Preferred Lending Partners, established with the intention of promoting economic development in Colorado, has a mission to support and facilitate the growth and development of both new and existing businesses in the state. This nonprofit organization operates with the aim of assisting qualified businesses in obtaining Small Business Administration loans by collaborating with financial institutions and other third-party lenders. Through these efforts, Preferred Lending Partners helps businesses secure long-term capital for expansion and the acquisition of capital assets. The ultimate goal is to contribute to the overall economic growth and development of Colorado.
Impact
This information is meant to be a general summary of Preferred Lending Partners. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Preferred Lending Partners is actively furthering economic development in the state of Colorado by promoting and assisting the growth of both new and existing businesses. Its lending program has played a crucial role in supporting qualified businesses throughout Colorado in obtaining Small Business Administration loans. By collaborating with financial institutions and other third-party lenders, Preferred Lending Partners secures long-term capital for business expansion and the acquisition of capital assets. This initiative directly contributes to the economic vitality of the state and fosters a conducive environment for business growth and development.
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.
MONTHLY SERVICE FEES
Revenue
$780,150
LOAN ORIGINATION FEES
Revenue
$487,000
LOAN INTEREST
Revenue
$74,323
Organization Details
Founding Year
1984
Phone
(303) 861-4100
Principal Officer
Brian P Devlin
Main Address
1580 LOGAN STREET SUITE 540, DENVER, CO, 80203
NTEE Category
Code: S43 - Community improvement
If you are a representative of Preferred Lending Partners 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.