Access to Capital for Entrepreneurs
Access to Capital for Entrepreneurs
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About this organization
Mission
The mission of Access to Capital for Entrepreneurs, Inc. (ACE) is to provide community economic development to underserved people and communities. ACE is a non-profit organization that provides loans and business development resources to help its borrowers create and grow sustainable businesses which generate jobs.
About
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. In its fourteen-year history, ACE has created or maintained more than 7,730 jobs and helped more than 908 small businesses start or expand their operations. ACE derives its income from loan interest income, grants, and donations.
Interesting data from their 2019 990 filing
The non-profit's aim, as indicated in the filing, is “See schedule othe mission of access to capital for entrepreneurs, inc. (ace) is to provide community economic development to underserved people and communities. ace is a non-profit organization that provides loans and business development resources to help its borrowers create and grow sustainable businesses which generate jobs.”.
When referring to its functions, they were specified as: “To provide access to capital, education and business development resources to new and existing small, micro, or environmentally sustainable businesses.”.
- The non-profit has reported their operating state as GA, as required by law.
- As stated in the filing, the non-profit's address in 2019 was 3173 HIGHWAY 129N, CLEVELAND, GA, 30528.
- The non-profit's form reports a total of 22 employees as of 2019.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $594,988.
- The organization has 10 independent voting members.
- The organization was formed in 1998.
- The organization pays $1,680,605 in salary, compensation, and benefits to its employees.
- The organization pays $600 in fundraising expenses.
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