Overview
What is Access To Capital For Entrepreneurs Inc?
Access to Capital for Entrepreneurs, Inc. (ACE) is a nonprofit organization based in Cleveland, Georgia, specifically at 3173 Highway 129N, providing vital financial assistance to start and expand small, micro, or environmentally sustainable businesses. ACE, with 38 employees, is a Community Development Financial Institution (CDFI) certified by the U.S. Department of the Treasury since 2004. Their mission is to foster community economic development by offering loans and essential business development resources to underserved individuals and communities. In its 23-year history, ACE has contributed to the creation or maintenance of over 19,000 jobs and helped more than 2,400 small businesses flourish. ACE generates income through loan interest, grants, and donations.
Official website here: www.aceloans.org
Is Access To Capital For Entrepreneurs Inc legitimate?
Access To Capital For Entrepreneurs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Access To Capital For Entrepreneurs Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $566,191
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,702,541
For more financial information, click here
Official website here: www.aceloans.org
What is the mission statement of Access To Capital For Entrepreneurs Inc?
Access to Capital for Entrepreneurs Inc (ACE) is a non-profit organization dedicated to providing underserved individuals and communities with access to capital and business development resources. Their mission is to facilitate the creation and growth of sustainable businesses, leading to job generation. Established in 1998, ACE has been certified as a Community Development Financial Institution (CDFI) by the U.S. Department of the Treasury, allowing it to cater to markets that often face barriers to accessing funding. Over the course of its 23-year history, ACE has helped over 2,400 small businesses start or expand, contributing to the creation or maintenance of more than 19,000 jobs. ACE generates income from loan interest, grants, and donations.
Official website here: www.aceloans.org
Who is the CEO of Access To Capital For Entrepreneurs Inc?
Grace C Fricks is the President And Ceo/Board Member of Access To Capital For Entrepreneurs Inc. The CEO's salary of Access To Capital For Entrepreneurs Inc is $370,878 and their total compensation is $384,591.
Official website here: www.aceloans.org
What is the revenue of Access To Capital For Entrepreneurs Inc?
Access To Capital For Entrepreneurs Inc's revenue in 2022 was $13,820,713.
Official website here: www.aceloans.org
Who are the executives of Access To Capital For Entrepreneurs Inc and what are their salaries?
The average compensation at Access To Capital For Entrepreneurs Inc during 2022 was $86,019. There are 38 employees and 54 volunteers at Access To Capital For Entrepreneurs Inc.
Here are 21 key members and their salaries (Access To Capital For Entrepreneurs Inc's CEO's salary is $370,878 and their total compensation is $384,591):
- Grace C Fricks (President And Ceo/Board Member) [Trustee/Director]
- Joshua Brackett (Cfo)
- Eric Swilling (Director Of Lending)
- Ray Pennie (Chief Of Business Advisory)
- Martina Edwards (Chief Of Strategic Partnerships)
- Sandra Headley (Vp)
- Shanon Stewart (Chief Credit Officer)
- Matt Bozzelli (Board Chair) [Trustee/Director]
- Sibyl Slade (Secretary) [Trustee/Director]
- Grace Lopez-Williams (Treasurer & Finance Committee Chair) [Trustee/Director]
- Dale Royal (Loan Committee Chair) [Trustee/Director]
- Courtney Smith (Board Member) [Trustee/Director]
- Grace Webster (Board Member) [Trustee/Director]
- Eloisa Klementich (Board Member) [Trustee/Director]
- Bill Zawrotny (Board Member) [Trustee/Director]
- Avery Tucker-Fontaine (Board Member) [Trustee/Director]
- Lynn Thogersen (Board Member) [Trustee/Director]
- Mary Kepler (Board Member) [Trustee/Director]
- Candy Moore (Board Member) [Trustee/Director]
- Hollis Linginfleter (Board Member) [Trustee/Director]
- Miquel Alandete (Board Member) [Trustee/Director]
Official website here: www.aceloans.org
Where can I find the form 990 for Access To Capital For Entrepreneurs Inc?
The Access To Capital For Entrepreneurs Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.aceloans.org
Learn more at the official website: www.aceloans.org
Mission Statement of Access To Capital For Entrepreneurs Inc
Access to Capital for Entrepreneurs Inc, or ACE, is a nonprofit organization dedicated to providing capital and business development resources to new and existing small, micro, and environmentally sustainable businesses. Established in the United States over two decades ago, ACE holds certification as a Community Development Financial Institution (CDFI) by the U.S. Department of Treasury. This accreditation enables ACE to target underserved markets, including low-income individuals, people of color, and women, to create jobs through sustainable business ventures.
In its mission to foster community economic development, ACE offers loans to start and expand businesses. By providing business development resources, ACE empowers its borrowers to create financially and environmentally sustainable enterprises. Through its services, ACE has generated more than 19,000 jobs and assisted over 2,400 small businesses in starting or expanding their operations. ACE derives its income from various sources, including loan interest income, grants, and donations.
ACE's commitment to supporting underserved communities is deeply rooted in its history. Since 1999, ACE has been making a difference by providing essential financial resources and business assistance to help businesses thrive. By doing so, ACE creates opportunities for individuals and communities that might otherwise face significant barriers to economic growth. As a result, ACE's efforts contribute significantly to the creation of sustainable livelihoods and the development of vibrant, diverse communities.
Impact
This information is meant to be a general summary of Access To Capital For Entrepreneurs Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Access To Capital For Entrepreneurs Inc has had a significant impact by providing access to capital, education, and business development resources to new and existing small, micro, or environmentally sustainable businesses. In its twenty-three year history, this organization has created or maintained more than 19,000 jobs and helped more than 2,400 small businesses start or expand their operations. By focusing on underserved markets including low-income individuals, people of color, and women, Access To Capital For Entrepreneurs Inc is contributing to community economic development and fostering the growth of financially and environmentally sustainable businesses.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LENDING PROGRAM INCOME
Revenue
$4,329,297
Organization Details
Founding Year
1998
Phone
(678) 335-5600
Principal Officer
Grace C Fricks
Main Address
3173 HIGHWAY 129N, CLEVELAND, GA, 30528
Website
www.aceloans.org
NTEE Category
Code: S30 - Community improvement
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