Overview
What is Tmc Community Capital?
Tmc Community Capital is a nonprofit organization situated in Oakland, California, dedicated to assisting underserved entrepreneurs in the state. Their primary mission is to offer these entrepreneurs access to capital, technical assistance, and resources, empowering them to launch and expand their businesses successfully. The organization specializes in serving businesses often overlooked by traditional lending, such as women, minority, and low-income entrepreneurs. They provide microloans ranging from $5,000 to $50,000 across California, along with technical assistance, including business coaching, advising, education, and mentoring. Additionally, Tmc Community Capital offers referrals to free and low-cost business resources and delivers educational presentations on capital access. Their ultimate goal is to strengthen local economies, generate jobs, and foster strong communities through microenterprise growth.
Official website here: www.tmccommunitycapital.org
Is Tmc Community Capital legitimate?
Tmc Community Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tmc Community Capital 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: $123,644
Professional Fundraising Fees: $0
Other Salaries and Wages: $432,654
For more financial information, click here
Official website here: www.tmccommunitycapital.org
What is the mission statement of Tmc Community Capital?
Tmc Community Capital's mission is centered around assisting entrepreneurs who are often overlooked. By providing them with essential resources, such as capital, technical assistance, and educational opportunities, the organization aims to help these entrepreneurs establish and grow their businesses successfully. This strategy contributes to strengthening local economies, creating jobs, and fostering strong communities. Tmc Community Capital offers various services, including microloans ranging from $5,000 to $50,000, business coaching, advising, education, mentoring, and referrals to free and low-cost business resources. Additionally, the organization conducts educational presentations on access to capital.
Official website here: www.tmccommunitycapital.org
Who is the CEO of Tmc Community Capital?
Daniel Fernandez is the President & Ceo (From 6/2022) of Tmc Community Capital. The CEO's salary of Tmc Community Capital is $0 and their total compensation is $0.
Official website here: www.tmccommunitycapital.org
What is the revenue of Tmc Community Capital?
Tmc Community Capital's revenue in 2022 was $1,206,091.
Official website here: www.tmccommunitycapital.org
Who are the executives of Tmc Community Capital and what are their salaries?
The average compensation at Tmc Community Capital during 2022 was $61,811. There are 9 employees at Tmc Community Capital.
Here are 16 key members and their salaries (Tmc Community Capital's CEO's salary is $0 and their total compensation is $0):
- Barbara Morrison (President & Ceo (To 6/2022)) [Trustee/Director]
- Heather Cameron (Board Chair) [Trustee/Director]
- Lindsy Carpenter (Secretary) [Trustee/Director]
- Joe Skowera (Treasurer) [Trustee/Director]
- Mark Herbert (Director)
- Marquita Jeffress (Director)
- Kelly Larocca (Director)
- Ingrid Marthy (Director)
- Scott Rogalski (Director)
- Joyce Sloss (Director)
- Michelle Svelti (Director)
- Tamisie Honey (Director)
- Mona Ahmadi (Director)
- Jing Cao (Director)
- Daniel Fernandez (President & Ceo (From 6/2022)) [Trustee/Director]
- Michael Vanecek (Cfo)
Official website here: www.tmccommunitycapital.org
Where can I find the form 990 for Tmc Community Capital?
The Tmc Community Capital’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.tmccommunitycapital.org
Learn more at the official website: www.tmccommunitycapital.org
Mission Statement of Tmc Community Capital
Tmc Community Capital, a nonprofit organization, is committed to aiding underserved entrepreneurs in California. Its primary mission is to provide these entrepreneurs with essential resources, including capital, technical assistance, and necessary tools, enabling them to successfully launch and grow their businesses. This mission is driven by a strategic focus on microenterprise growth, which Tmc Community Capital believes is integral to strengthening local economies, creating jobs, and fostering strong communities.
To accomplish this, Tmc Community Capital offers various services. These include providing microloans ranging from $5,000 to $50,000 across California. These loans serve as a vital financial resource for entrepreneurs who may struggle to secure funding from conventional sources. Additionally, Tmc Community Capital offers technical assistance in the form of business coaching, advising, education, and mentoring. This support helps entrepreneurs develop and refine their business plans, ensuring they are well-equipped to navigate the challenges of starting and growing a business.
Furthermore, Tmc Community Capital refers entrepreneurs to free and low-cost business resources. This resource network provides entrepreneurs with access to a wealth of additional support, including education and training opportunities, which can be crucial in helping them succeed. Furthermore, Tmc Community Capital hosts educational presentations on access to capital, sharing valuable insights and knowledge with entrepreneurs. By offering this comprehensive suite of services, Tmc Community Capital empowers underserved entrepreneurs in California to overcome obstacles and build thriving businesses.
Impact
This information is meant to be a general summary of Tmc Community Capital. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
TMC Community Capital's impact is significant in supporting underserved entrepreneurs in California. Through its microloan program, TMC Community Capital focuses on providing access to capital for businesses often marginalized by traditional lending institutions, including women-owned businesses, minority-owned businesses, and those in low-income communities. By offering outreach, resource navigation, and referrals to other organizations when needed, TMC Community Capital helps these entrepreneurs successfully start and grow their businesses. This support not only strengthens the local economy but also creates jobs and fosters stronger communities in the state.
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 INCOME
Revenue
$87,731
Organization Details
Founding Year
2018
Phone
(415) 989-8855
Principal Officer
Daniel Fernandez
Main Address
1611 TELEGRAPH 504, OAKLAND, CA, 94612
Website
www.tmccommunitycapital.org
NTEE Category
Code: S43 - Community improvement
If you are a representative of Tmc Community Capital 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.