Program areas at BCL of Texas
Business lending - the organization processes and services sba loans for small businesses that do not qualify for conventional financing. Loans are made to small businesses from grant funds and contributions from various businesses and local governments as well as interest earnings and principal returned to the loan fund pool. During fiscal year 2022, the organization disbursed over $5 million in loans.
Housing and home ownership - the organization helps families secure a home of their own and build their assets. The organization's specialists work to build a customized plan with clients to help them achieve their goals at their own pace.
Community Development - the organization counseled over 1,000 families on home foreclosure and mitigation, and over 800 businesses with management counseling, business marketing, growth strategies, and general business start up and Development.
Entrepreneurship - the organization uses its knowledge and experience to help small businesses meet their goals.
Who funds BCL of Texas
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| NeighborWorks America | 2023-09 | General Support | $371,000 |
| The San Francisco Foundation (TSFF) | 2023-06 | Advised - To Help Business and Community Lenders Support Diverse Communities To Acquire Wealth-Building Assets Such As Homeownership and Entrepreneurship. With the Financial Tools and Education Necessary To Build Personal Net Worth in Dallas. | $210,000 |
| Tides Foundation | 2023-12 | Healthy Individuals and Communities | $75,000 |
| ...and 6 more grants received |
Personnel at BCL of Texas
| Name | Title | Compensation | Date of data |
|---|
| Raquel Valdez Sanchez | Chief Executive Officer | | 2024-11-12 |
| Raquel Valdez Sanchez | President and Chief Executive Officer | | 2024-10-04 |
| Raquel Valdez | Chief Operating Officer | | 2023-11-16 |
| Pamela Garcia | Chief of Staff | | 2024-10-04 |
| Brian K. Marshall | Chief Program Officer | | 2024-10-04 |
| ...and 8 more key personnel |
Financials for BCL of Texas
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $2,280,789 | $5,728,177 | -60.2% |
| Program services | $1,407,862 | $1,195,719 | 17.7% |
| Investment income and dividends | $56,328 | $30,499 | 84.7% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $3,744,979 | $6,954,395 | -46.1% |
Organizations like BCL of Texas
| Organization | Type | Location | Revenue |
|---|
| Western Colorado Business Development Corporation | 501(c)(3) | Grand Junction, CO | $1,810,249 |
| Metropolitan Economic Development Association | 501(c)(3) | Minneapolis, MN | $9,291,098 |
| Flagship Enterprise Center | 501(c)(3) | Anderson, IN | $3,448,869 |
| Northeast Indiana Innovation Center | 501(c)(3) | Fort Wayne, IN | $2,361,536 |
| Aspermont Small Business Development Center | 501(c)(3) | Aspermont, TX | $3,661,260 |
| Wisconsin Womens Business Initiative Corporation (WWBIC) | 501(c)(3) | Milwaukee, WI | $9,606,906 |
| The Enterprise Center Community Development Corporation (TEC) | 501(c)(3) | Philadelphia, PA | $3,539,141 |
| Southside Business Technology Center | 501(c)(3) | Danville, VA | $2,569,170 |
| Stlventureworks | 501(c)(3) | Saint Louis, MO | $1,509,497 |
| Innovation Marquette Enterprise Corporation | 501(c)(3) | Marquette, MI | $2,200,288 |
Data update history
December 1, 2024
Updated personnel
Identified 1 new personnel
October 4, 2024
Updated personnel
Identified 7 new personnel
September 21, 2024
Received grants
Identified 4 new grant, including a grant for $371,000 from NeighborWorks America June 6, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 23, 2024
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Economic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
- Address
- 1011 Jan Jacinto Blvd
- Austin, TX 78701
- Metro area
- Austin-Round Rock-Georgetown, TX
- County
- Travis County, TX
- Website URL
- bcloftexas.org/Â
- Phone
- (512) 912-9884
- Facebook page
- bcloftexasÂ
- Twitter profile
- @bcloftexasÂ
IRS details
- EIN
- 74-2581297
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1990
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Central organization
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