ACCESS TO CAPITAL FOR ENTREPRENEURS INC

CLEVELAND, GA, 30528-2715 (678) 335-5600 Est. 1998 EIN 58-2383669
S30 - Economic Development 990 - Public charity return 501(c)(3)
www.aceloans.org

Mission

SEE SCHEDULE OACCESS TO CAPITAL FOR ENTREPRENEURS, INC. (ACE), IS A NONPROFIT ORGANIZATION THAT PROVIDES LOANS TO START AND GROW BUSINESSES. ACE IS THE LARGEST GEORGIA-BASED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) FOCUSED ON SMALL BUSINESSES. FOUNDED IN 2000 WITH A $50,000 GRANT TO SERVE FOUR NORTH GEORGIA COUNTIES, ACE WAS CERTIFIED AS A CDFI IN 2004. ACE HAS SIGNIFICANTLY EXPANDED ITS REACH AND IMPACT OVER THE YEARS, WITH OFFICES IN ATLANTA, TIFTON SOUTHWEST GEORGIA)AND CLEVELAND (NORTH GEORGIA), ALONG WITH WOMEN'S BUSINESS CENTERS IN NORCROSS (METRO-ATLANTA) AND SAVANNAH. ACE'S MISSION IS TO HELP SMALL BUSINESSES GROW BY REMOVING BARRIERS TO ACCESSING CAPITAL. ACE OFFERS ITS BORROWERS BUSINESS DEVELOPMENT RESOURCES TO CREATE FINANCIALLY AND ENVIRONMENTALLY SUSTAINABLE BUSINESSES. SINCE ITS INCEPTION, ACE HAS PROVIDED OVER $246 MILLION IN LOANS TO 2,800 SMALL BUSINESSES, CREATING OR RETAINING MORE THAN 22,000 JOBS.

Giving Portfolio

Total Grants
1
Total Giving
$100K
Recipients
1
Years Active
2021
Avg grant: $100,000 Median: $100,000

Top States

Georgia
1

Top Grantees

INVEST ATLANTA
GA
$100K

Grants Awarded · 1 grants

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Financials

Total Revenue
$25,034,907
Total Expenses
$15,384,994
Net Assets
$63,241,018
45 employees 69 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
4.1 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 7.2%
Expenses ↑ 12.1%
Revenue Sources
Contributions 51.2% Earned revenue 40.3% Investment 8.4%
Expense Breakdown
Program 78.7% Management 16.8% Fundraising 4.5%

Officers & Trustees (20)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$25,034,907 ↓$15,384,994$63,241,018
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$26,987,407 ↑$13,729,086$53,586,214
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$13,820,713 ↑$7,021,021$40,308,448
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$11,013,240 ↓$5,395,685$33,536,275
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$17,966,232 ↑$8,283,318$27,675,508
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$4,681,479 $4,086,491$14,644,811

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EIN: 58-2383669 · Source: IRS Form 990 e-file data