Overview
What is Small Business Investment Corporation?
The Small Business Investment Corporation, also known as NM Small Business Invest Corp, is a New Mexico-based nonprofit organization dedicated to making debt or equity investments to support and expand existing businesses within the state. With a mission to create new employment opportunities and implement the New Mexico Small Business Investment Act, this organization plays a pivotal role in the economic growth of New Mexico businesses.
Official website here: www.nmsbic.org
Is Small Business Investment Corporation legitimate?
Small Business Investment Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Small Business Investment 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $219,113
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nmsbic.org
What is the mission statement of Small Business Investment Corporation?
The Small Business Investment Corporation is dedicated to making debt or equity investments to support new or expanding businesses. This organization's primary goal is to create new job opportunities and implement relevant small business investment acts. The corporation's mission is geared towards fostering growth in businesses, leading to economic development. By making strategic investments, it aims to contribute significantly to the economic landscape.
Official website here: www.nmsbic.org
Who is the CEO of Small Business Investment Corporation?
Joseph H Badal is the Chair of Small Business Investment Corporation.
Official website here: www.nmsbic.org
What is the revenue of Small Business Investment Corporation?
Small Business Investment Corporation's revenue in 2022 was $18,780,522.
Official website here: www.nmsbic.org
Who are the executives of Small Business Investment Corporation and what are their salaries?
- Russ Cummins (Rdc Advisors Llc) (Exec Dir/Inv)
- Joseph H Badal (Chair) [Trustee/Director]
- Alan Fowler (Vice Chair) [Trustee/Director]
- Steven Morgan (Secretary/Tr) [Trustee/Director]
- Tim Eichenberg (Director)
- Anne Beckett (Director Fro)
- Robert Valdiviez (Director Fro)
- Joshua Smith (Director Fro)
- Lupe Garcia (Dir. To Jan) [Trustee/Director]
- Roxanna Meyers (Dir. To Jan) [Trustee/Director]
Official website here: www.nmsbic.org
Where can I find the form 990 for Small Business Investment Corporation?
The Small Business Investment Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nmsbic.org
Learn more at the official website: www.nmsbic.org
Mission Statement of Small Business Investment Corporation
The Small Business Investment Corporation, or SBIC, is a mission-driven organization dedicated to making debt or equity investments in new or expanding businesses within the state. By providing financial support, SBIC aims to foster growth in businesses and create new job opportunities. The organization's efforts align with the New Mexico Small Business Investment Act, which it works to implement.
In essence, the Small Business Investment Corporation serves as a catalyst for business development in New Mexico. Through strategic investments, it not only helps businesses get off the ground but also aids in their expansion. The ultimate goal is to boost the economy and generate employment opportunities for local residents.
The SBIC's commitment to investment extends beyond just monetary support. It also plays a vital role in fostering a conducive business environment. By nurturing new and developing businesses, the organization contributes to a thriving economic landscape that benefits the entire community.
In its mission to support businesses, the Small Business Investment Corporation is instrumental in driving economic growth and job creation within the state. By making investments in promising businesses, it empowers entrepreneurs to turn their visions into reality and contribute to the economic well-being of New Mexico.
Impact
This information is meant to be a general summary of Small Business Investment Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Small Business Investment Corporation has a significant impact on the state of New Mexico by providing crucial financial support to new and expanding businesses. Through its debt or equity investments, the organization helps stimulate economic growth, create job opportunities, and implement the New Mexico Small Business Investment Act. By directly investing in local businesses, the Small Business Investment Corporation contributes to community improvement and overall prosperity 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.
SEVERANCE TAX PERM FUND
Revenue
$17,876,602
EARNINGS ON DEBT & EQUITY INV
Revenue
$798,632
Organization Details
Founding Year
2000
Phone
(505) 274-7789
Principal Officer
Joseph H Badal
Main Address
PO BOX 1211, TIJERAS, NM, 87059
Website
www.nmsbic.org
NTEE Category
Code: S30 - Community improvement
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