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← SHENANDOAH COMMUNITY CAPITAL FUND I NC

Form 990 for tax year 2022

Filed by SHENANDOAH COMMUNITY CAPITAL FUND I NC.

Totals

Total revenue
$1,156,932
Total expenses
$1,218,618
Contributions and grants received
$1,095,620
Grants paid
$296,756
Program service revenue
$58,945
Investment income
$955
Other revenue
$1,412
Total assets, end of year
$775,837
Total liabilities, end of year
$520,844
Net assets or fund balances, end of year
$254,993
Program services expenses (Part IX)
$1,021,472
Management and general expenses
$159,610
Fundraising expenses
$37,536
Program service expenses (Part III)
$1,021,472

Program services were 83.8% 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)

    $1,065,014

  • 1f · All other contributions, gifts and grants

    $30,606

  • 2a · Program service revenue: PROGRAM REVENEUES

    total $34,188 · related or exempt $34,188

  • 2b · Program service revenue: LOAN PROGRAM INTEREST

    total $24,757 · related or exempt $24,757

  • 3 · Investment income

    total $955 · excluded $955

  • 11a · Other revenue: MISC REVENUE

    total $1,412 · related or exempt $1,412

  • 11e · Other revenue, total

    $1,412

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $296,756 · program services $296,756

  • 5 · Compensation of officers, directors and key employees

    total $101,703 · program services $86,448 · management and general $10,170 · fundraising $5,085

  • 7 · Other salaries and wages

    total $494,658 · program services $420,459 · management and general $49,466 · fundraising $24,733

  • 9 · Other employee benefits

    total $34,844 · program services $29,617 · management and general $3,485 · fundraising $1,742

  • 10 · Payroll taxes

    total $40,912 · program services $34,775 · management and general $4,091 · fundraising $2,046

  • 11b · Fees: legal

    total $1,011 · management and general $1,011

  • 11c · Fees: accounting

    total $30,462 · management and general $30,462

  • 11g · Fees: other

    total $35,750 · management and general $35,750

  • 12 · Advertising and promotion

    total $8,004 · program services $3,201 · management and general $3,202 · fundraising $1,601

  • 13 · Office expenses

    total $16,945 · program services $8,473 · management and general $7,625 · fundraising $847

  • 16 · Occupancy

    total $18,357 · program services $9,178 · management and general $8,261 · fundraising $918

  • 19 · Conferences, conventions and meetings

    total $11,288 · program services $8,466 · management and general $2,258 · fundraising $564

  • 20 · Interest

    total $3,468 · program services $3,468

  • 23 · Insurance

    total $3,829 · management and general $3,829

  • 24a · Other expenses: EDUCATION AND ENTREPREN

    total $53,641 · program services $53,641

  • 24b · Other expenses: LOAN FORGIVENESS/UNCOLL

    total $48,041 · program services $48,041

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $13,922 · program services $13,922

  • 24d · Other expenses: LOAN PROCESSING AND ADM

    total $5,027 · program services $5,027

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $154,814 · end of year $246,390

  • 3 · Pledges and grants receivable

    beginning of year $166,521

  • 4 · Accounts receivable

    end of year $166,514

  • 7 · Other notes and loans receivable

    beginning of year $402,073 · end of year $345,747

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,761 · end of year $2,761

  • 15 · Other assets

    beginning of year $12,893 · end of year $14,425

  • 17 · Accounts payable and accrued expenses

    beginning of year $77,255 · end of year $69,008

  • 19 · Deferred revenue

    beginning of year $1,661 · end of year $31,595

  • 23 · Secured mortgages and notes payable

    beginning of year $287,037 · end of year $383,793

  • 25 · Other liabilities

    beginning of year $56,430 · end of year $36,448

  • 27 · Net assets without donor restrictions

    beginning of year $106,747 · end of year $45,061

  • 28 · Net assets with donor restrictions

    beginning of year $209,932 · end of year $209,932

Mission and programs · 2022

Mission

SCCF'S VISION IS TO HELP BUILD A MORE ACCESSIBLE AND EQUITABLE ECOSYSTEM FOR ENTREPRENEURS AND SMALL BUSINESS OWNERS IN THE SHENANDOAH VALLEY OF VIRGINIA.

Activities or mission (Part I)

HELP BUILD A MORE ACCESSIBLE AND EQUITABLE ECOSYSTEM FOR ENTREPRENEURS AND SMALL BUSINESS OWNERS.

  • PROVIDING LOANS RANGING FROM $500 TO $50,000 TO ENTREPRENEURS, STARTUPS, OR EXISTING SMALL BUSINESSES. OFFERING TECHNICAL ASSISTANCE TO LOAN CLIENTS THROUGHOUT THE LIFE OF THE LOAN.

    Expenses $1,021,472 · Grants $296,756 · Revenue $26,169

  • OFFERING ACCELERATION AND BUSINESS INCUBATION PROGRAMS TO ENTREPRENEURS TRYING TO START, SUSTAIN, OR GROW SCALABLE BUSINESSES IN THE SHENANDOAH VALLEY.

    Revenue $34,188

As filed on the 2022 return.

Listed in Part VII

  • Juan Pablo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • John Gillies

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Peyton Wright

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Amanda Dimeo

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Atin Abasu Choudhary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellen Brock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dalton Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Covington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marlena Hobson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bretchen Long

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yolanda Shields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deborah Irwin

    EXECUTIVE DIRECTOR

    Total calculated
    $81,154
    From this org
    $81,154
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • STAUNTON CREATIVE COMMUNITY VENTURE LLC

    CURRENTLY INACTIVE · VA · income $0 · assets $0

    Directly controlled by SHENANDOAH COMMUNITY CAPITAL FUND INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349302818

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