Nonprofits›True Access Capital Corporation

Public & Societal Benefit

True Access Capital Corporation

WILMINGTON, DE

WebsiteView as a funder

Total revenue

$4.6M

Total expenses

$3.8M

Net assets

$11.5M

Grants received

$2.9M

34 grants

EIN

510345258

Tax year

2024

Mission

Building a thriving community by empowering a diverse base of entrepreneurs and businesses through access to capital, education, advocacy and opportunity.

Financials

FY 2024

Revenue

Contributions & grants$2.6M
Program service revenue$1.9M
Investment income$160K
Other revenue—
Total revenue$4.6M

Expenses

Grants paid$150K
Salaries & benefits$1.6M
Fundraising$38K
Other expenses$2.0M
Total expenses$3.8M
Total assets$25.6M
Net assets$11.5M

People

15 listed

NameRoleCompensation

VANDELL HAMPTON JR

PRESIDENT & CEO

Board

$185K

37.5 hrs/wk

PEDRO VIERA JR

BOARD MEMBER

Board

—

1 hrs/wk

JUDITH M SCARBOROUGH CPA CVA CFF

VICE CHAIR

Board

—

1 hrs/wk

SHERYL SCANLON EDD

BOARD MEMBER

Board

—

1 hrs/wk

EMANUEL V DESHIELDS

BOARD MEMBER

Board

—

1 hrs/wk

ROBERT GUNTER

BOARD MEMBER

Board

—

1 hrs/wk

PAUL B HUGHES III

CHAIR

Board

—

1 hrs/wk

RON KIMBROUGH

BOARD MEMBER

Board

—

1 hrs/wk

DERRICK ROBINSON

BOARD MEMBER

Board

—

1 hrs/wk

JUSTIN POSER

BOARD MEMBER

Board

—

1 hrs/wk

TANYA WILLIAMSON

BOARD MEMBER

Board

—

1 hrs/wk

RAFAEL ZAHRALDDIN

BOARD MEMBER

Board

—

1 hrs/wk

BARRY L LOTT

BOARD MEMBER

Board

—

1 hrs/wk

RACHAEL MEARS

TREASURER

Board

—

1 hrs/wk

LORENZO MERINO

SVP, DIRECTOR OF LENDING

Staff

$123K

37.5 hrs/wk

Grants received

Showing 34 of 34

FromAmountPurposeYear
JPMORGAN CHASE FOUNDATION
$234K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
LAFFEY-MCHUGH FOUNDATION
$30K
TO HELP CLOSE THE WEALTH GAP BY SUPPORTING BIPOC BUSINESSES IN DELAWARE TO GAIN ACCESS TO CAPITAL AND BUSINESS ADVISORY SERVICES.
2024
WSFS CARES FOUNDATION
$5K
REVITALIZATION AND BUSINESS ECONOMIC EMPOWERMENT
2024
OPPORTUNITY FINANCE NETWORK
$300K
FINANCE JUSTICE FUND SUBGRANT
2023
JPMORGAN CHASE FOUNDATION
$150K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2023
TD CHARITABLE FOUNDATION
$40K
LENDING AND TECHNICAL ASSISTANCE PROGRAM
2023
The Bank of America Charitable Foundation Inc
$25K
PROGRAM/OPERATING SUPPORT
2023
The Bank of America Charitable Foundation Inc
$100K
PROGRAM/OPERATING SUPPORT
2022
THE BLACKBAUD GIVING FUND
$100K
GENERAL SUPPORT
2022
OPPORTUNITY FINANCE NETWORK
$75K
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
2022
TD CHARITABLE FOUNDATION
$50K
TAC LENDING AND TECHNICAL ASSISTANCE PROGRAM
2022
WELFARE FOUNDATION INC
$38K
TECHNOLOGY UPGRADES
2022
DELAWARE COMMUNITY FOUNDATION INC
$15K
TARGETED OUTREACH TO BIPOC COMMUNITIES
2022
WSFS CARES FOUNDATION
$5K
REVITALIZATION AND BUSINESS ECONOMIC EMPOWERMENT
2022
JPMORGAN CHASE FOUNDATION
$320
GENERAL OPERATING SUPPORT
2022
JPMORGAN CHASE FOUNDATION
$150K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2021
THE BLACKBAUD GIVING FUND
$100K
GENERAL SUPPORT
2021
THE BLACKBAUD GIVING FUND
$100K
GENERAL SUPPORT
2021
The Bank of America Charitable Foundation Inc
$100K
OPERATIONAL SUPPORT
2021
TD CHARITABLE FOUNDATION
$50K
TAC LENDING AND TECHNICAL ASSISTANCE PROGRAM
2021
DELAWARE COMMUNITY FOUNDATION INC
$47K
RESTRICTED SUPPORT FOR THE EMPOWERMENT FUND AND TRANSITION TO DIGITAL/CLOUD-BASED LOAN SYSTEM
2021
The Bank of America Charitable Foundation Inc
$40K
OPERATIONAL SUPPORT
2021
WSFS CARES FOUNDATION
$5K
REVITALIZATION AND BUSINESS ECONOMIC EMPOWERMENT
2021
JPMORGAN CHASE FOUNDATION
$360
GENERAL OPERATING SUPPORT
2021
CITI FOUNDATION
$500K
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS INITIATIVE
2020
OPPORTUNITY FINANCE NETWORK
$150K
SMALL BUSINESS GRANT
2020
The Bank of America Charitable Foundation Inc
$100K
GENERAL SUPPORT
2020
OPPORTUNITY FINANCE NETWORK
$50K
COVID-19 GRANT
2020
TD CHARITABLE FOUNDATION
$50K
INCREASING ACCESS TO CAPITAL AND TECHNICAL ASSISTANCE TO BIPOC ENTREPRENEURS
2020
The Bank of America Charitable Foundation Inc
$40K
GENERAL SUPPORT
2020
JPMORGAN CHASE FOUNDATION
$470
GENERAL OPERATING SUPPORT
2020
LONGWOOD FOUNDATION INC
$200K
STRATEGIC FUNDING & TRAINING INITIATIVE
2019
TD CHARITABLE FOUNDATION
$35K
TRUE ACCESS CAPITAL EMERGENCY RELIEF/RECOVERY FUND
2019
TD CHARITABLE FOUNDATION
$15K
TRUE ACCESS CAPITAL EMERGENCY RELIEF/RECOVERY FUND
2019

Funded by

$2.9M from 11 funders · 34 grants · 2019–2024

Opportunity Finance Network

$575K · 4 grants · 2020–2023

Jpmorgan Chase Foundation

$535K · 6 grants · 2020–2024

Citi Foundation

$500K · 1 grant · 2020

The Bank of America Charitable Foundation Inc

$405K · 6 grants · 2020–2023

The Blackbaud Giving Fund

$300K · 3 grants · 2021–2022

Td Charitable Foundation

$240K · 6 grants · 2019–2023

Longwood Foundation Inc

$200K · 1 grant · 2019

Delaware Community Foundation Inc

$62K · 2 grants · 2021–2022

Details

EIN510345258
NTEE codeW60Z
Subsection03
Ruling date1993-03
Formed1992
Employees17
Volunteers0
TRUE ACCESS CAPITAL CORPORATION — Mission, Financials & Grants Received | Grantivo