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EIN 82-1614683

New Growth Capital

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Appleton City
State
Missouri
Year formed
2017
Most recent tax filings
2023-08-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
New Growth Capital cultivates rural assets and entrepreneurs, connects people to resources and each other, and catalyzes innovation and investment. They focus on building business assistance and resources along with collaborative community development to build the business-to-business and community-to-community linkages needed to grow local ownership and lasting livelihoods. Their microlending program has reached 21 rural small businesses with a capital infusion of $340,943 through 8 rlf loans totaling $98,943 and 13 rmap loans totaling $242,000.
Related structure
New Growth Capital is a subordinate organization under West Central Missouri Community Action Agency (WCMCAA).
Also known as...
West Central Community Development Corporation
Total revenues
$238,389
2023
Total expenses
$426,324
2023
Total assets
$796,652
2023
Num. employees
0
2023

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
GrantmakerDescriptionAmount
West Central Missouri Community Action Agency (WCMCAA)Program Support$327,339
Missouri Humanities Council (MHC)Humanities Programs$6,300

Financials for New Growth Capital

RevenuesFYE 08/2023
Total grants, contributions, etc.$107,009
Program services$101,197
Investment income and dividends$29,883
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$300
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$238,389
Data update history
July 1, 2025
Received grants
Identified 2 new grant, including a grant for $327,339 from West Central Missouri Community Action Agency (WCMCAA)
July 12, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $6,300 from Missouri Humanities Council (MHC)
August 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 22, 2023
Updated personnel
Identified 9 new personnel
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/ 
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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