Axiom Advancement Corporation

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

EIN: 811382582 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(3)

Overview

What is Axiom Advancement Corporation?

Axiom Advancement Corporation is a community-focused nonprofit organization situated in Pittsburgh, Pennsylvania. With a strong commitment to fair lending laws and accountability towards the communities they serve, Axiom's primary mission is to level the playing field in small business lending. By implementing industry best practices, they stand out as more than just a funding source. Axiom specifically targets minority, women-owned, and disadvantaged business enterprises, offering them access to capital and business development support. Their mission is encapsulated in providing small, low-interest loans to help start-up businesses thrive. With a team of five dedicated individuals, Axiom Advancement Corporation strives to foster economic improvement within these communities.


Official website here: www.axiompgh.com

Is Axiom Advancement Corporation legitimate?

Axiom Advancement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Axiom Advancement 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,614

For more financial information, click here


Official website here: www.axiompgh.com

What is the mission statement of Axiom Advancement Corporation?

Axiom Advancement Corporation is dedicated to serving minority, women-owned, and disadvantaged business enterprises by providing them with access to capital and business development support. Their primary mission is to offer small, low-interest loans to help start-up businesses. The organization is committed to adhering to fair lending laws, maintaining accountability towards the communities it serves, and implementing industry best practices. Beyond being a funding source, Axiom Advancement Corporation also operates as a people-focused community services organization, aiming to foster economic improvement.


Official website here: www.axiompgh.com

Who is the CEO of Axiom Advancement Corporation?

Michelle Chenn is the President of Axiom Advancement Corporation.


Official website here: www.axiompgh.com

What is the revenue of Axiom Advancement Corporation?

Axiom Advancement Corporation's revenue in 2022 was $578,609.


Official website here: www.axiompgh.com

Who are the executives of Axiom Advancement Corporation and what are their salaries?

The average compensation at Axiom Advancement Corporation during 2022 was $6,523. There are 5 employees at Axiom Advancement Corporation.

Here are 3 key members and their salaries:

    Michelle Chenn (President)
  • Compensation: $116,333
  • Related: $0
  • Other: $0

    • Benjamin Contrucci (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lateshya Ellis (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.axiompgh.com

    Where can I find the form 990 for Axiom Advancement Corporation?

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


    Official website here: www.axiompgh.com

    Learn more at the official website: www.axiompgh.com

    Mission Statement of Axiom Advancement Corporation

    Axiom Advancement Corporation, a microloan fund, is committed to serving minority, women-owned, and disadvantaged business enterprises by providing them with access to capital and business development support. At its core, Axiom's mission is to extend small, low-interest loans to help budding entrepreneurs launch their ventures. The organization strives to level the playing field in small business lending, adhering to fair lending laws and holding itself accountable to the communities it serves. Furthermore, Axiom Advancement Corporation goes beyond being a funding source, positioning itself as a people-focused community services organization, dedicated to fostering economic improvement.

    Impact

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




    Wednesday, July 24, 2024

    Axiom Advancement Corporation's impact is significant in leveling the playing field in small business lending through their commitment to fair lending laws, accountability to the communities they serve, and implementation of industry best practices. They focus on serving minority, women-owned, and disadvantaged business enterprises by providing access to capital and business development support. Axiom is more than a funding source; they are a people-focused community services organization promising economic improvement. Their mission to provide small low-interest loans to start-up businesses contributes to community improvement, particularly in Pittsburgh, PA.





    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: $4,609
  • Gross Receipts: $578,609

    • Assets and Liabilities:
  • Total Assets: $347,880
  • Total Liabilities: $49,289
  • Net Assets: $298,591
  • Programs

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

    FEE INCOME

    Revenue

    $2,750

    INTEREST INCOME

    Revenue

    $1,859

    Organization Details

    Founding Year

    2019

    Principal Officer

    Michelle Chenn

    Main Address

    4165 BLAIR STREET, PITTSBURGH, PA, 15207

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of Axiom Advancement 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.