Skip to content
Nonprofiteer
← CENTER FOR RURAL AFFAIRS COMMUNITY CAPITAL

Form 990 for tax year 2022

Filed by CENTER FOR RURAL AFFAIRS COMMUNITY CAPITAL.

Totals

Total revenue
$1,737,477
Total expenses
$1,754,751
Contributions and grants received
$1,186,287
Grants paid
$0
Program service revenue
$542,662
Investment income
$8,528
Other revenue
$0
Total assets, end of year
$13,936,199
Total liabilities, end of year
$6,033,141
Net assets or fund balances, end of year
$7,903,058
Program services expenses (Part IX)
$1,532,295
Management and general expenses
$193,456
Fundraising expenses
$29,000
Program service expenses (Part III)
$1,532,295

Program services were 87.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,175,573

  • 1f · All other contributions, gifts and grants

    $10,714

  • 2a · Program service revenue: LOAN INTEREST INCOME

    total $479,770 · related or exempt $479,770

  • 2b · Program service revenue: FEES AND REIMBURSEMENT

    total $62,892 · related or exempt $62,892

  • 3 · Investment income

    total $8,528 · excluded $8,528

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $743,453 · program services $743,453

  • 9 · Other employee benefits

    total $332,849 · program services $332,849

  • 11b · Fees: legal

    total $14,128 · program services $14,128

  • 11g · Fees: other

    total $198,545 · program services $198,545

  • 13 · Office expenses

    total $42,028 · program services $42,028

  • 16 · Occupancy

    total $20,900 · program services $20,900

  • 17 · Travel

    total $29,439 · program services $29,439

  • 19 · Conferences, conventions and meetings

    total $1,678 · program services $1,678

  • 20 · Interest

    total $28,122 · program services $28,122

  • 23 · Insurance

    total $20,951 · program services $20,951

  • 24a · Other expenses: MANAGEMENT ALLOCATED

    total $193,456 · management and general $193,456

  • 24b · Other expenses: COMMUNICATIONS ALLOCATE

    total $52,085 · program services $52,085

  • 24c · Other expenses: FUNDRAISING AND DEVELOP

    total $29,000 · fundraising $29,000

  • 24d · Other expenses: PUBLICATION AND SUBSCRI

    total $26,009 · program services $26,009

  • 24e · All other expenses

    total $22,108 · program services $22,108

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,824,095 · end of year $3,826,081

  • 3 · Pledges and grants receivable

    beginning of year $1,681,245 · end of year $453,295

  • 4 · Accounts receivable

    end of year $20,091

  • 7 · Other notes and loans receivable

    beginning of year $6,222,239 · end of year $7,398,999

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,956 · end of year $15,496

  • 15 · Other assets

    beginning of year $2,474,667 · end of year $2,222,237

  • 17 · Accounts payable and accrued expenses

    beginning of year $119,203 · end of year $227,663

  • 21 · Escrow or custodial account liability

    beginning of year $8,537 · end of year $18,789

  • 23 · Secured mortgages and notes payable

    beginning of year $3,223,060 · end of year $3,980,162

  • 25 · Other liabilities

    beginning of year $935,070 · end of year $1,806,527

  • 27 · Net assets without donor restrictions

    beginning of year $3,796,125 · end of year $4,296,334

  • 28 · Net assets with donor restrictions

    beginning of year $4,124,207 · end of year $3,606,724

Mission and programs · 2022

Mission

PROVIDES FINANCING AND TECHNICAL ASSISTANCE IN SUPPORT OF SMALL BUSINESSES AND COMMUNITY DEVELOPMENT IN GENERAL.

  • MICROLOAN PROGRAM FOR SMALL BUSINESSES.

    Expenses $1,532,295 · Revenue $542,662

As filed on the 2022 return.

Listed in Part VII

  • Jay Hall

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Chuck Karpf

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Ross Larson

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Leverne Barrett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Susan Baumert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Krista Dittman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Rachel Liester

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Steele Valenzuela

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Brian Depew

    EXECUTIVE DIRECTOR

    Total calculated
    $158,455
    From this org
    $0
    From related orgs
    $139,530
    Other
    $18,925
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $139,530 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,100 related
    Nontaxable benefits
    $0 + $11,825 related
    Filer's total
    $0 + $158,455 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
3 April 2024
IRS schema version
2022v5.0
Source object
202401099349300110

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.