Sbdc Inc
- Assets
- $2.4m
- Revenue
- $809.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Springfield, OH
- Founding
- 06/1987
- Data as of
- 06/2023
- EIN
- 31-1125960
Organization Overview
Sbdc Inc is located in Springfield, OH. The organization was established in 1987. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Sbdc Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sbdc Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, Sbdc Inc generated $809.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $795.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO ASSIST BUSINESSES BY OFFERING SPECIAL SERVICE, CONSULTATION, AND LOW RATE FINANCING TARGETING BUSINESSES IN SPRINGFIELD AND CLARK CO WITH 1-50 EMPLOYEES. WE HAVE A STATE MANDATE TO PROVIDE SERVICES TO SUPPORT JOB GROWTH AND DEVELOPMENT IN A NINE COUNTY AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMALL BUSINESS AND JOBS DEVELOPMENT AND DISBURSEMENT AND COLLECTION OF DEVELOPMENT LOANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Alexander Executive Director | Trustee | 40 | $71,996 |
Lisa Stoumile Board Member | Trustee | 1 | $0 |
Kent Stone Board Member | Trustee | 1 | $0 |
Lori Houseman Baord Member | Trustee | 1 | $0 |
Rob Pollock Board Memeber | Trustee | 1 | $0 |
Tracy Yates Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $764,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $764,275 |
| Total Program Service Revenue | $17,061 |
| Investment income | $28,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $809,474 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,996 |
| Compensation of current officers, directors, key employees. | $3,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,771 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,627 |
| Payroll taxes | $19,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,595 |
| Fees for services: Accounting | $15,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $423,206 |
| Advertising and promotion | $11,425 |
| Office expenses | $17,901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,793 |
| Travel | $15,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200 |
| Insurance | $5,062 |
| All other expenses | $0 |
| Total functional expenses | $795,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $575,721 |
| Savings and temporary cash investments | $26,685 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,532 |
| Loans from Officers, Directors, or Controlling Persons | $254,934 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,418,076 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,383 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $39,931 |
| Other assets | $0 |
| Total assets | $2,374,262 |
| Accounts payable and accrued expenses | $38,020 |
| Grants payable | $0 |
| Deferred revenue | $189,995 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,674,625 |
| Unsecured mortgages and notes payable | $274,818 |
| Other liabilities | $0 |
| Total liabilities | $2,177,458 |
| Net assets without donor restrictions | $196,804 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,374,262 |