Community Improvement & Capacity Building
In Need Of Capital
ST LOUIS PARK, MN
Total revenue
$29K
Total expenses
$10K
Net assets
$546K
Grants received
—
EIN
850492116
Tax year
2024
Mission
This corporation is organized and shall be operated exclusively for charitable and educational purposes within the meaning of sections 170(c) (2) and 501 (c)(3) of the internal revenue code of 1986. Within the framework and limitations of the foregoing, the specific primary purpose of this corporation shall be to provide financial and educational support to individuals with entrepreneurial ventures. An example is providing startup funds in the form of a loan to small business. These funds are lent with out any personal recourse to the owners of the business. As the business succeeds it will use its profits to pay back the loan and once the loan is paid in full it will continue to provide profits back to the nonprofit to help support other startups.
Programs
3 programs
Our second small business loan was given to ifri, llc. They have created a line of beverages using raw materials from africa.
Our third small business loan was given to protecht lighting, inc. They distribute and sell a lighting product that purifies air and kills viruses.
Office expense
Financials
FY 2024
Revenue
Expenses
People
3 listed
MARK SALITERMAN
CHAIRPERSON/
—
1 hrs/wk
DAVID KAPLAN
VICE PRESIDE
—
1 hrs/wk
MICHAEL STRUB
MEMBER
—