NonprofitsAccess To Capital For Entrepreneurs Inc

Community Improvement & Capacity Building

Access To Capital For Entrepreneurs Inc

CLEVELAND, GA

Total revenue

$25.0M

Total expenses

$15.4M

Net assets

$63.2M

Grants received

$33.8M

47 grants

EIN

582383669

Tax year

2024

Mission

To provide loans to help small businesses grow by removing barriers to capital access.

Financials

FY 2024

Revenue

Contributions & grants$12.8M
Program service revenue$10.1M
Investment income$2.1M
Other revenue
Total revenue$25.0M

Expenses

Grants paid$4K
Salaries & benefits$5.7M
Fundraising$689K
Other expenses$9.7M
Total expenses$15.4M
Total assets$134.3M
Net assets$63.2M

People

20 listed

NameRoleCompensation

GRACE C FRICKS

PRESIDENT & CEO

Board

$531K

40 hrs/wk

BOB GALLAGHER

CHIEF FINANCIAL OFFICER

Board

$124K

40 hrs/wk

MARVIN LIM

BOARD MEMBER

Board

5 hrs/wk

HOLLIS LINGINFLETER

BOARD MEMBER & INVESTMENT COMM.CHAIR

Board

5 hrs/wk

STEPHANIE MARTIN

BOARD MEMBER

Board

5 hrs/wk

BILL ZAWROTNY

BOARD CHAIR

Board

5 hrs/wk

CANDY MOORE

BOARD MEMBER

Board

5 hrs/wk

COURTNEY SMITH

BOARD MEMBER

Board

5 hrs/wk

CARLOS MATA

BOARD MEMBER

Board

5 hrs/wk

SIBYL SLADE

VICE CHAIR

Board

5 hrs/wk

GRACE LOPEZ-WILLIAMS

TREASURER & FINANCE COMMITTEE CHAIR

Board

5 hrs/wk

DALE ROYAL

SECRETARY

Board

5 hrs/wk

MIGUEL ALANDETE

BOARD MEMBER & LOAN COMMITTEE CHAIR

Board

5 hrs/wk

MATT BOZZELLI

IMMEDIATE PAST BOARD CHAIR

Board

5 hrs/wk

MARY KEPLER

BOARD MEMBER

Board

5 hrs/wk

SHANON STEWART

CHIEF CREDIT OFFICER

Staff

$215K

40 hrs/wk

SANDRA HEADLEY

VICE PRESIDENT

Staff

$177K

40 hrs/wk

MARTINA EDWARDS

CHIEF OF STRATEGIC PARTNERSHIPS

Staff

$176K

40 hrs/wk

RAYNARD CLAY

DIRECTOR OF LENDING

Staff

$170K

40 hrs/wk

RAY PENNIE

PRESIDENT OF BUSINESS DEVELOPMENT

Staff

$169K

40 hrs/wk

Independent contractors

CLIFTONLARSONALLEN LLP

ACCOUNTING SYSTEM CONVERSION CONSULTANT

$543K

THOMAS E AUSTIN JR LLC

COLLECTION, RECOVERY, AND LEGAL FEES

$202K

ARKUS

LOAN DEPARTMENT SYSTEM CONVERSION AND OV

$199K

ARC BUSINESS SOLUTIONS

BUSINESS ADVISORY COHORTS

$127K

GALLAGHER ADVISORY SERVICES

CFO SERVICES

$124K

Grants received

Showing 47 of 47

FromAmountPurposeYear
$65K
Promoting Diverse Business Growth In Atlanta
2024
$50K
GRANT SUPPORT OF RECIPIENT ORGANIZATION'S EXEMPT PURPOSE
2024
$20K
provide affordable loans to underserved small and medium GA businesses
2024
$10M
General support for programs, operations and other charitable purposes
2023
$1M
GENERAL OPERATING
2023
$200K
FINANCE JUSTICE FUND SUBGRANT
2023
$50K
Ace Business Advisory Services - Assisting Bipoc E
2023
$20K
provide affordable loans to underserved small and medium GA businesses
2023
$5K
TOOLS: ORGANIZATIONAL DEVELOPMENT GRANT - TO SUPPORT THE CHARITABLE MISSION OF THE RECIPIENT ORGANIZATION
2023
$5M
IN SUPPORT OF PROVIDING DIVERSE AND FLEXIBLE LENDING SOLUTIONS AND EDUCATIONAL RESOURCES TO HISTORICALLY DISADVANTAGED SMALL BUSINESS OWNERS IN THE ATLANTA, GA METRO AREA
2022
$2.8M
GENERAL OPERATING
2022
$300K
SUPPORT LENDING AND EDUCATION SERVICES TO UNDERSERVED SMALL BUSINESSES
2022
$100K
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
2022
$75K
BUSINESS DEVELOPMENT IN APPALACHIA
2022
$15K
GENERAL USE
2022
$70K
2022 WOMEN'S PATHWAY TO SUCCESS
2021
$20K
GENERAL OPERATING SUPPORT
2021
$100
Financial Assistance
2021
$5.2M
TO SUPPORT TECHNOLOGY, STAFF, AND OTHER STRATEGIES FOR INCREASING CAPACITY TO TRACK DATA AND DELIVER INNOVATIVE PRODUCTS FOR SMALL BUSINESS OWNERS, AND GENERAL OPERATING SUPPORT
2020
$1M
1 GRANT(S) FOR VARYING PURPOSES
2020
$250K
Support of strategic growth plan for certified Community Development Financial Institution that provides loans and development services to underserved markets.
2020
$150K
SMALL BUSINESS GRANT
2020
$150K
EMERGENCY BUSINESS ASSISTANCE GRANT
2020
$130K
TO SUPPLEMENT ACCESS TO CAPITAL FOR ENTREPRENEURS LOAN LOSS RESERVES ASSOCIATED WITH THE WESTSIDE EMPOWERMENT LOANS PROGRAM.
2020
$100K
GRANT TO SUPPORT COVID-19 RELIEF EFFORTS TO SMALL BUSINESS OWNERS IN GA.
2020
$80K
SUPPORT FOR DEBT PAYMENT RELIEF AND BUSINESS ADVISORY PROGRAM IN METRO ATLANTA
2020
$35K
GENERAL SUPPORT
2020
$30K
2021 WOMEN'S PATHWAY TO SUCCESS
2020
$15K
Small Business
2020
$250K
COMMUNITY BENEFIT
2019
$200K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2019
$100K
PROGRAM/OPERATING SUPPORT
2018
$50K
PROGRAM/OPERATING SUPPORT
2018
$50K
2018 WOMEN'S PATHWAYS TO SUCCESS
2018

Funded by

$33.8M from 30 funders · 47 grants · 2018–2024

The Chicago Community Trust

$15.2M · 2 grants · 2020–2023

Cooperative Assistance Fund Inc

$5.8M · 2 grants · 2022–2023

The Rockefeller Foundation

$5M · 1 grant · 2022

Truist Foundation Inc

$3.8M · 2 grants · 2022–2023

The Winston-Salem Foundation

$1M · 1 grant · 2020

Opportunity Finance Network

$450K · 3 grants · 2020–2023

The Bank of America Charitable Foundation Inc

$330K · 5 grants · 2018–2020

Peoplefund

$300K · 1 grant · 2022

Details

EIN582383669
NTEE codeS30
Subsection03
Ruling date1998-09
Formed1998
Employees45
Volunteers69
ACCESS TO CAPITAL FOR ENTREPRENEURS INC — Mission, Financials & Grants Received | Grantivo