South Arkansas Venture Enterprises Inc.

Overview
South Arkansas Venture Enterprises Inc. (SAVEL), a nonprofit organization based in Pine Bluff, Arkansas, was established in 1982. It is classified as a civic league and a social welfare organization, focusing on promoting community welfare for charitable, educational, or recreational purposes. The organization primarily aims to assist small businesses and entrepreneurs within its service area.

Mission
SAVEL's mission revolves around providing support to eligible small businesses through various programs, including a Revolving Loan Fund (RLF), aimed at fostering economic growth and community improvement in several counties of Arkansas. These include Ashley, Bradley, Chicot, Cleveland, Desha, Drew, Grant, and Jefferson counties.

Financial Overview
As of the latest financial disclosures, South Arkansas Venture Enterprises Inc. reported total revenues of approximately $206,930, with expenses reaching $303,105, resulting in a net loss of $96,175 for the fiscal year. The organization holds total assets amounting to $2,998,107. Notably, the majority of its revenue comes from program services and other sources, while there have been no contributions reported in recent years. The primary expenses consist of employee salaries and administrative costs, with executive compensation totaling $7,200.

Programs and Services
South Arkansas Venture Enterprises Inc. provides various services aimed at small business support, including:

• Revolving Loan Fund: Designed to assist small businesses in obtaining necessary funding for operations and expansion.
• Capacity Building: Programs that focus on enhancing the skills and operational capabilities of local entrepreneurs.

Governance
The organization is managed by a board of directors, which includes key officers such as the president, vice president, director, treasurer, and secretary. Each key officer typically receives a nominal compensation for their service, reflecting the organization’s commitment to maintaining low operating costs while maximizing community impact.

Conclusion
South Arkansas Venture Enterprises Inc. plays a vital role in supporting the economic development of its region by providing essential resources for small businesses. Its ongoing efforts contribute to the vitality and improvement of the communities it serves, making significant strides in local economic empowerment and sustainability.