GLOUCESTER REVOLVING LOAN FUND INC
AI Summary
The Gloucester Revolving Loan Fund Inc is a nonprofit organization focused on economic development and community improvement in Gloucester County, Virginia. With an operating budget of $15.6K and total revenue of $2K for the 2024 filing year, it provides partial funding to businesses and nonprofit organizations engaged in economic development activities. The organization is supported by significant contributions from the Joseph Family Foundation and the Main Street Gloucester Preservation Trust, although it does not rely on a single funder for the majority of its revenue. For more information, visit www.gloucesterloanfund.com.
Mission Statement
THE GLOUCESTER REVOLVING LOAN FUND HAS BEEN ESTABLISHED TO PROVIDE PARTIAL FUNDING FOR BUSINESSES AND NON-PROFIT ORGANIZATIONS UNDERTAKING ACTIVITIES BROADLY DEFINED AS ECONOMIC DEVELOPMENT WITHIN THE GLOUCESTER VILLAGE AREA OF GLOUCESTER COUNTY, VIRGINIA, AS DEFINED BY THE ARTICLES OF INCORPORATION OF THE CORPORATION.
Cause Areas
3
Economic development
Community and economic development
Community improvement
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
MAIN STREET GLOUCESTER PRESERVATION TRUST
Gloucester, VA, US
$359.9K
46%
JOSEPH FAMILY FOUNDATION
Gloucester, VA, US
$218K
21%
Frequently Asked Questions
What is GLOUCESTER REVOLVING LOAN FUND INC’s budget?
In 2024, GLOUCESTER REVOLVING LOAN FUND INC reported an annual operating budget of around $16 thousand. More detailed financial information is available to registered users.
What causes does GLOUCESTER REVOLVING LOAN FUND INC support?
GLOUCESTER REVOLVING LOAN FUND INC supports work in Economic development, Community and economic development, and Community improvement.
Where does GLOUCESTER REVOLVING LOAN FUND INC operate?
GLOUCESTER REVOLVING LOAN FUND INC is headquartered in Gloucester, VA.
Who funded GLOUCESTER REVOLVING LOAN FUND INC recently?
In 2022, GLOUCESTER REVOLVING LOAN FUND INC received grants from JOSEPH FAMILY FOUNDATION, MAIN STREET GLOUCESTER PRESERVATION TRUST, and MAIN STREET GLOUCESTER PRESERVATION TRUST. More information on this organization’s funders is available to registered users.
What is the largest grant GLOUCESTER REVOLVING LOAN FUND INC received in 2022?
The largest grant to GLOUCESTER REVOLVING LOAN FUND INC in 2022 exceeds $218 thousand.