Program areas at New Growth Capital
New Growth Capital's microlending program made 5 start here revolving loan fund loans totaling $19,500, 4 rmap loans totaling $104,000, and 5 sba loans totaling $80,500. In total, New Growth Capital deployed $204,000 in microloans to small businesses. Each business received technical assistance in regards to their loans.new Growth Capital made 11 credit building loans totaling $5500. These loans were coupled with credit counseling ensuring that the participants would not only be able to build positive credit, but that they would be able to maintain it as well. New Growth Capital administered $8400 in employee loans with a total number of 16 loans made to employees of the wcmcaa family of organizations.
Who funds New Growth Capital
Grants from foundations and other nonprofits
Personnel at New Growth Capital
| Name | Title | Compensation | Date of data |
|---|
| Christopher L Thompson | Chief Executive Officer | $0 | 2022-08-31 |
| Fred R Bunch | Board Chair | $0 | 2023-06-01 |
| Don Boultinghouse | Board Vice Chair | $0 | 2022-08-31 |
| Martha J Sander | Board Treasurer | $0 | 2022-08-31 |
| Leroy Strope | Board Secretary | $0 | 2022-08-31 |
| ...and 1 more key personnel |
Financials for New Growth Capital
| Revenues | FYE 08/2023 | FYE 08/2022 | % Change |
|---|
| Total grants, contributions, etc. | $107,009 | $332,831 | -67.8% |
| Program services | $101,197 | $50,239 | 101.4% |
| Investment income and dividends | $29,883 | $15,061 | 98.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $300 | $720 | -58.3% |
| 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 | $238,389 | $398,851 | -40.2% |
Organizations like New Growth Capital
| Organization | Type | Location | Revenue |
|---|
| Shenandoah Community Capital Fund | 501(c)(3) | Staunton, VA | $937,977 |
| Entrepreneur Works Fund | 501(c)(3) | Philadelphia, PA | $607,752 |
| The Fund for Jobs Worth Owning | 501(c)(3) | Northampton, MA | $95,657 |
| Iowa Foundation for Microenterprise and Community Vitality | 501(c)(3) | Boone, IA | $390,995 |
| Community Capital of Vermont | 501(c)(3) | Barre, VT | $244,254 |
| Oregon Association of Minority Entrepreneurs - Group | 501(c)(3) | Portland, OR | $346,184 |
| Carolina Community Impact | 501(c)(3) | Raleigh, NC | $1,063,640 |
| Growth Partners Arizona | 501(c)(3) | Tucson, AZ | $1,079,101 |
| Business Loan Fund of the Palm Beaches | 501(c)(3) | West Palm Beach, FL | $130,950 |
| Southern Tier Enterprise Development Organization | 501(c)(3) | Salamanca, NY | $410,101 |
Data update history
August 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 22, 2023
Updated personnel
Identified 9 new personnel
July 22, 2023
Used new vendors
Identified 1 new vendor, including
August 3, 2022
Posted financials
Added Form 990N for fiscal year 2021
Nonprofit Types
Business and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 112 W 4th St
- Appleton City, MO 64724
- Metro area
- Kansas City, MO-KS
- County
- St. Clair County, MO
- Website URL
- newgrowthmo.org/Â
- Phone
- (660) 476-2185
IRS details
- EIN
- 82-1614683
- Fiscal year end
- August
- Taxreturn type
- Form 990
- Year formed
- 2017
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Subordinate organization
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