Small Business Capital Corporation
- Assets
- $360.9k
- Revenue
- $280.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Tulsa, OK
- Founding
- 10/1994
- Data as of
- 09/2022
- EIN
- 73-1447364
Organization Overview
Small Business Capital Corporation is located in Tulsa, OK. The organization was established in 1994. 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, Small Business Capital Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Small Business Capital Corporation 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 09/2022, Small Business Capital Corporation generated $280.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $299.5k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND ADMINISTER THE SBA 504 LOAN PROGRAM FOR SMALL BUSINESSES THROUGHOUT OKLAHOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SMALL BUSINESS CLIENTS WITH ASSISTANCE THROUGH SBA 504 LOANS TO STIMULATE PRIVATE SECTOR INVESTMENT IN LONG-TERM FIXED ASSETS, AND CREATE NEW JOBS. FUNDED 12 SMALL BUSINESS LOANS TOTALING 8,578,000 DURING THE YEAR.
THESE EXPENSES REPRESENT MANAGEMENT AND GENERAL EXPENSES NECESSARY TO MANAGE THE ORGANIZATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy A Roach President & | OfficerTrustee | 40 | $107,500 |
Patricia R Levering Vp/sec./trea | OfficerTrustee | $0 | |
Virginia C Schulte Vp/asst. Sec | OfficerTrustee | $0 | |
Paul C Bauman Chairman | Trustee | $0 | |
Rusty Linker Board Member | Trustee | $0 | |
Ralph T Cunningham Board Member | Trustee | $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 | $280,278 |
| Investment income | $352 |
| 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 | $280,630 |
| 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. | $114,749 |
| Compensation of current officers, directors, key employees. | $22,950 |
| Compensation to disqualified persons | $13,108 |
| Other salaries and wages | $68,000 |
| Pension plan accruals and contributions | $3,400 |
| Other employee benefits | $723 |
| Payroll taxes | $15,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,650 |
| Fees for services: Accounting | $8,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,173 |
| Travel | $120 |
| 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 | $940 |
| Insurance | $6,387 |
| All other expenses | $24,364 |
| Total functional expenses | $299,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,619 |
| Savings and temporary cash investments | $165,672 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,343 |
| 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 | $4,553 |
| Net Land, buildings, and equipment | $1,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,348 |
| Total assets | $360,944 |
| Accounts payable and accrued expenses | $2,489 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $72,481 |
| Total liabilities | $74,970 |
| Net assets without donor restrictions | $285,974 |
| 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 | $360,944 |
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