Premier Capital Corporation

Organization Overview

Premier Capital Corporation is located in Indianapolis, IN. The organization was established in 1977. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Premier Capital Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Premier Capital Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2022, Premier Capital Corporation generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.5m during the year ending 09/2022. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ORIGINATING, CLOSING AND SERVICING SBA LOANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENSES RELATED TO ARRANGEMENTS FOR LOANS TO MORE THAN 400 SMALL BUSINESSES IN INDIANA AND KENTUCKY. THESE COMPANIES CREATE NEW JOBS AND INCREASE THE TAX BASE OF THE REGION.


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Board, Officers & Key Employees

Name (title)Compensation
David W Amick
Executive Director/asst. S
$155,924
Gary Huff
Former Senior Loan Officer
$117,264
Brian P Carroll
Chairman
$0
Jerry P Orem
Vice Chairman
$0
Chad Walker
Secretary
$0
Phillip E Darrah
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$1,514,614
Investment income $9,022
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$3,280
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,528,792

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