Public Charity

GLOUCESTER REVOLVING LOAN FUND INC

GLOUCESTER REVOLVING LOAN FUND INC is a nonprofit organization categorized as Public Charity based in GLOUCESTER, VA. Its most recent IRS filing (2024) reports revenue of $2K, expenses of $16K, total assets of $239K. Imperigo tracks 6 reported grant relationships connected to this organization totaling approximately $180K.

EIN: 461214812 GLOUCESTER, VA Community Improvement & Capacity Building N.E.C. NTEE: S99 Latest filing: 2024
Total Revenue$2K
Total Expenses$16K
Total Assets$239K
Grant Records6
Funding Total$180K
Filing Years2019–2024

Mission

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.

Where $100 goes at Gloucester Revolving Loan Fund Inc

How Gloucester Revolving Loan Fund Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100
Provided interest free loans to promote economic stability during the pandemic
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2022
TO SUPPORT ORGANIZATION'S TAX-EXEMPT PURPOSE FOR ECONOMIC DEVELOPMENT OF THE GLOUCESTER COUNTY AREA.
$25,000
2021
TO SUPPORT ORGANIZATION'S TAX-EXEMPT PURPOSE FOR ECONOMIC DEVELOPMENT OF THE GLOUCESTER COUNTY AREA.
$25,000
2020
TO SUPPORT ORGANIZATION'S TAX-EXEMPT PURPOSE FOR ECONOMIC DEVELOPMENT OF THE GLOUCESTER COUNTY AREA.
$30,000
2019
TO SUPPORT ORGANIZATION'S TAX-EXEMPT PURPOSE FOR ECONOMIC DEVELOPMENT OF THE GLOUCESTER COUNTY AREA.
$40,000
2018
TO SUPPORT ORGANIZATION'S TAX-EXEMPT PURPOSE FOR ECONOMIC DEVELOPMENT OF THE GLOUCESTER COUNTY AREA.
$30,000

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

BOARD MEMBER Bill Baxter
VICE CHAIRMAN David Hudson
BOARD MEMBER Dr David Brown
CHAIRMAN Joe Heyman
TREASURER John Wright
BOARD MEMBER Nam Vu

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$180,000 6 grants

Financial Trends

Year Revenue Expenses Assets
2024 $2K $16K $239K
2023 — $10K $252K
2022 $252K $33K $263K
2020 $30K $86K $917K
2019 $4K $81K $918K

Between 2019 and 2024, reported annual revenue declined from $4K to $2K (-47%), with total assets most recently reported at $239K.

Interactive year-over-year charts and full filing details available with membership.

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