NonprofitsCaprock Business Finance Corporation Inc

Caprock Business Finance Corporation Inc

LUBBOCK, TX

Total revenue

$554K

Total expenses

$362K

Net assets

$2.0M

Grants received

EIN

751823715

Tax year

2023

Mission

Originate loans to small businesses to support economic growth and expansion; provide consulting and financial counseling services to small businesses which would otherwise we unable to acquire these types of services.

Programs

1 program

The organization hosts the west texas small business summit to provide small business owners and start-up entrepreneurs in the region the opportunity to hear from panels of experts and connect with resources to help sustain and grow their businesses. The organization hosts over 100 participants annually.

Expenses: $3K

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$444K
Investment income$70K
Other revenue$40K
Total revenue$554K

Expenses

Grants paid$57K
Salaries & benefits
Fundraising
Other expenses$305K
Total expenses$362K
Total assets$2.6M
Net assets$2.0M

People

13 listed

NameRoleCompensation

BARRY BALLINGER

PRESIDENT

Board

1 hrs/wk

GREG GARLAND

VICE PRESIDENT

Board

1 hrs/wk

BILL MCCAY

SECRETARY

Board

1 hrs/wk

BRENT HOFFMAN

TREASURER

Board

1 hrs/wk

PAUL DANNEVIK

DIRECTOR

Board

1 hrs/wk

JON STEPHENS

DIRECTOR

Board

1 hrs/wk

TODD MCKEE

DIRECTOR

Board

1 hrs/wk

WILLIS MCCUTCHEON

DIRECTOR

Board

1 hrs/wk

SUZETTE WILLIAMS

DIRECTOR

Board

1 hrs/wk

CHRISTINE ALLEN

DIRECTOR

Board

1 hrs/wk

KRISTI ADAY

DIRECTOR

Board

1 hrs/wk

VICTORIA WHITEHEAD

DIRECTOR

Board

1 hrs/wk

RICK BOYD

DIRECTOR

Board

1 hrs/wk

Details

EIN751823715
Subsection06
Ruling date1982-10
Formed1981
Employees0
Volunteers0
CAPROCK BUSINESS FINANCE CORPORATION INC — Mission, Financials & Grants Received | Grantivo