Program areas at Access To Capital for Entrepreneurs
Access To Capital for Entrepreneurs, Inc. (ace) is a nonprofit organization that provides loans To start and grow businesses. Ace offers its borrowers business development resources To create financially and environmentally sustainable businesses. In 2004, the u.s department of treasury certified ace as a community development financial institution (cdfi) To provide Access To Capital for underserved markets including low income individuals, people of color, and women. Since inception, ace has created or maintained more than 21,000 jobs and helped more than 2,600 small businesses start or expand their operations. Ace derives its income from loan interest income, grants, and donations.
Who funds Access To Capital for Entrepreneurs
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| Rockefeller Foundation | 2022-12 | In Support of Providing Diverse and Flexible Lending Solutions and Educational Resources To Historically Disadvantaged Small Business Owners in the Atlanta, Ga Metro Area | $5,000,000 |
| Truist Foundation | 2022-12 | General Operating | $2,750,000 |
| PeopleFund | 2022-12 | Support Lending and Education Services To Underserved Small Businesses | $300,000 |
| ...and 6 more grants received |
Personnel at Access To Capital for Entrepreneurs
| Name | Title | Compensation | Date of data |
|---|
| Grace Fricks, MBA | President and Chief Executive Officer , MBA | $496,032 | 2024-12-17 |
| Shanon Stewart | Chief Operating Officer | $167,795 | 2024-12-17 |
| Wassia Kamon | Chief Financial Officer | | 2024-12-17 |
| Ray Pennie | Chief of Business Advisory Services | $162,870 | 2024-12-17 |
| Sandra Headley | Vice President | $147,947 | 2023-12-31 |
| ...and 7 more key personnel |
Financials for Access To Capital for Entrepreneurs
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $18,448,582 | $9,259,677 | 99.2% |
| Program services | $7,128,634 | $4,329,297 | 64.7% |
| Investment income and dividends | $1,410,191 | $231,739 | 508.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| 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 | $26,987,407 | $13,820,713 | 95.3% |
Organizations like Access To Capital for Entrepreneurs
| Organization | Type | Location | Revenue |
|---|
| Entrepreneur Fund | 501(c)(3) | Duluth, MN | $12,753,094 |
| TruFund Financial services | 501(c)(3) | New York, NY | $12,004,522 |
| Dreamspring | 501(c)(3) | Albuquerque, NM | $14,674,824 |
| Accion Opportunity Fund Community Development | 501(c)(3) | San Jose, CA | $50,501,448 |
| Pathway Lending | 501(c)(3) | Nashville, TN | $45,168,768 |
| Ascendus | 501(c)(3) | New York, NY | $10,641,559 |
| Craft3 | 501(c)(3) | Astoria, OR | $32,060,164 |
| Impact Seven | 501(c)(3) | Rice Lake, WI | $21,975,718 |
| Metropolitan Economic Development Association | 501(c)(3) | Minneapolis, MN | $9,291,098 |
| Carolina Small Business Development Fund | 501(c)(3) | Raleigh, NC | $10,484,327 |
Data update history
December 17, 2024
Used new vendors
Identified 1 new vendor, including
December 17, 2024
Updated personnel
Identified 4 new personnel
August 27, 2024
Updated personnel
Identified 2 new personnel
August 25, 2024
Posted financials
Added Form 990 for fiscal year 2023
Nonprofit Types
Business and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
Economic developmentBusiness and industry
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 3173 Hwy 129n
- Cleveland, GA 30528
- Metro area
- Gainesville, GA
- County
- White County, GA
- Website URL
- aceloans.org/Â
- Phone
- (678) 335-5600
IRS details
- EIN
- 58-2383669
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1998
- 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
- Independent
Free account sign-up
Want updates when Access To Capital for Entrepreneurs has new information, or want to find more organizations like Access To Capital for Entrepreneurs?
Create free Cause IQ account