Overview
What is Main Street Launch?
Main Street Launch is a nonprofit organization situated in Oakland, California. Their primary mission is to boost community development by offering financial aid and technical assistance to small businesses, specifically those that generate employment opportunities and contribute positively to their local communities. As a certified Community Development Financial Institution (CDFI) by the United States Treasury Department and an SBA Community Advantage lender with delegated authority from the Small Business Administration, Main Street Launch extends its support to low-to-moderate income areas and entrepreneurs. By providing technical assistance to small business owners and originating loans and grants, this organization plays a crucial role in stimulating economic growth in these communities.
Official website here: www.obdc.com
Is Main Street Launch legitimate?
Main Street Launch is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Launch 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: $1,114,198
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,101,573
For more financial information, click here
Official website here: www.obdc.com
What is the mission statement of Main Street Launch?
Main Street Launch's mission is centered around strengthening communities by offering financing and expert guidance to small businesses that contribute to employment opportunities and community benefits. Through their activities, they help create jobs and stimulate economic growth in low-income areas. The organization provides technical assistance to small business owners, originates loans and grants, and collaborates with various government agencies to drive economic development in these communities. Main Street Launch is recognized as a Community Development Financial Institution (CDFI) by the United States Treasury Department and holds delegated authority from the Small Business Administration as an SBA Community Advantage lender.
Official website here: www.obdc.com
Who is the CEO of Main Street Launch?
Jacob Singer is the Evp Operations of Main Street Launch. The CEO's salary of Main Street Launch is $345,600 and their total compensation is $397,432.
Official website here: www.obdc.com
What is the revenue of Main Street Launch?
Who are the executives of Main Street Launch and what are their salaries?
The average compensation at Main Street Launch during 2022 was $128,631. There are 25 employees at Main Street Launch.
Here are 16 key members and their salaries (Main Street Launch's CEO's salary is $345,600 and their total compensation is $397,432):
- Joyce Windross (Evp Operations)
- Jacob Singer (President & Ceo)
- Jen Leybovich (Evp Strat & Dev)
- Darius Mahajer (Svp Marketing Mgr)
- Karla Deleon (Credit Officer)
- Matt Ching (Director)
- Stephanie L Jones (Treasurer) [Trustee/Director]
- Wendell Jones (Director)
- Arthur Washington (Director)
- Eric Nelson (Director)
- Jim Wong (Director)
- Tiffany Short (Director)
- Lasandra Hunt (Director)
- Tiffany Short (Director)
- Gladys Green (Director)
- Mark Lindquist (Director)
Official website here: www.obdc.com
Where can I find the form 990 for Main Street Launch?
The Main Street Launch’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.obdc.com
Learn more at the official website: www.obdc.com
Mission Statement of Main Street Launch
Main Street Launch, as a nonprofit organization, is committed to fostering strong communities by offering financing and technical assistance to small businesses. Its mission is to support businesses that not only generate employment opportunities but also contribute to the betterment of their communities. By providing technical assistance to entrepreneurs and originating business loans and grants, Main Street Launch aims to stimulate economic development in low-to-moderate income areas. Furthermore, the organization collaborates with local, state, and federal government agencies to drive economic growth in these areas and for low-to-moderate income business owners, thereby promoting community development. Certified as a Community Development Financial Institution (CDFI) by the United States Treasury Department and as an SBA Community Advantage lender with delegated authority from the Small Business Administration, Main Street Launch is equipped to effectively carry out its mission of growing strong communities through small business support.
Impact
This information is meant to be a general summary of Main Street Launch. Please take the time to review official sources before making any decisions based upon the content provided here.
Sunday, July 21, 2024
Main Street Launch has a significant impact on growing strong communities by providing financing and technical assistance to small businesses that create jobs and stimulate economic development in low-to-moderate income areas. Through their collaborative approach, they have helped small business owners access the resources they need to thrive and contribute to the local economy. Main Street Launch's efforts have resulted in job creation, economic growth, and overall community improvement in their target areas.
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.
Fee for services
Revenue
$318,361
LOAN FEES
Revenue
$83,282
Loan sale income
Revenue
$414,312
Loan Servicing Fees
Revenue
$183,675
Return on investment
Revenue
$507
Organization Details
Founding Year
1979
Phone
(510) 763-4297
Principal Officer
Jacob Singer
Main Address
2101 Webster Street 1200, OAKLAND, CA, 94612
Website
www.obdc.com
NTEE Category
Code: S43Z - Community improvement
If you are a representative of Main Street Launch 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.