Capital Partners Certified Development Company
- Assets
- $1.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Atlanta, GA
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 58-1604383
Organization Overview
Capital Partners Certified Development Company is located in Atlanta, GA. The organization was established in 1985. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Capital Partners Certified Development Company employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Partners Certified Development Company 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 12/2021, Capital Partners Certified Development Company generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 10.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER ECONOMIC DEVELOPMENT IN GEORGIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED US SMALL BUSINESS 504 DEBENTURES TO QUALIFYING SMALL BUSINESSES IN THE STATE OF GEORGIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Souther Evp, Sba Lending | Officer | 40 | $305,929 |
Barbara Wasson President | OfficerTrustee | 40 | $199,287 |
Tracy Adams Senior VP | Officer | 40 | $138,336 |
Deborah Herron Vp,business Development | Officer | 40 | $133,345 |
Michele Cracraft Vp, Underwriting | Officer | 40 | $122,318 |
Shawnte Johnson Vp,underwriting | Officer | 40 | $108,915 |
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 | $2,195,481 |
| Investment income | $3,261 |
| 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 | $2,198,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,650 |
| 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. | $1,057,435 |
| Compensation of current officers, directors, key employees. | $246,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,333 |
| Pension plan accruals and contributions | $46,957 |
| Other employee benefits | $170,830 |
| Payroll taxes | $81,025 |
| Fees for services: Management | $80,656 |
| Fees for services: Legal | $260 |
| Fees for services: Accounting | $38,068 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,850 |
| Office expenses | $27,490 |
| Information technology | $19,738 |
| Royalties | $0 |
| Occupancy | $53,778 |
| Travel | $15,107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,331 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,681 |
| Insurance | $17,433 |
| All other expenses | $49,734 |
| Total functional expenses | $1,907,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,462 |
| Savings and temporary cash investments | $1,400,115 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,630 |
| Net Land, buildings, and equipment | $3,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,910 |
| Total assets | $1,705,565 |
| Accounts payable and accrued expenses | $225,390 |
| Grants payable | $0 |
| Deferred revenue | $194,795 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $480,358 |
| Total liabilities | $900,543 |
| Net assets without donor restrictions | $805,022 |
| 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 | $1,705,565 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Latin Academy Of Recording Arts & Sciences Inc Miami, FL | $39,115,078 | $23,723,068 |
Association For Print Technologies Inc Franklin, TN | $5,247,559 | $1,238,108 |
Florida Internet And Television Association Inc Tallahassee, FL | $2,479,022 | $2,060,073 |
Capital Partners Certified Development Company Atlanta, GA | $1,705,565 | $2,198,742 |
Nashville Songwriters Association Intl Nashville, TN | $2,574,384 | $2,060,985 |
Association For Education In Journalism And Mass Communication Columbia, SC | $2,490,060 | $1,489,076 |
Alabama Broadcasters Association Hoover, AL | $2,203,591 | $1,309,669 |
American Institute Of Architects Inc North Carolina Chapter Raleigh, NC | $4,900,644 | $1,031,160 |
National Federation Of Music Clubs Gainesville, FL | $13,639,415 | $1,702,418 |
The Art League Of Manatee County Bradenton, FL | $7,443,553 | $2,263,652 |
Georgia Music Educators Association Inc Stockbridge, GA | $234,771 | $589,507 |
International Pediatric Simulation Society Pensacola, FL | $32,451 | $346,258 |