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ACCESS TO CAPITAL FOR ENTREPRENEURS INC

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Public IRS 990 nonprofit record

ACCESS TO CAPITAL FOR ENTREPRENEURS INC

EIN 58-2383669 · Economic Development (S30)

No paid report availableWe do not sell postcard or incomplete reports.

What they do

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 WOMENS BUSINESS CENTERS IN NORCROSS (METRO-ATLANTA) and SAVANNAH. ACES 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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $78.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

78.7%of expenses went to mission workForm 990 program services
16.8%of expenses went to managementOffice and general costs
4.5%of expenses went to fundraisingCosts of asking for donations

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A quick look at the charity’s latest reported finances. The available records are too limited for us to sell a complete report.

Revenue$20,626,677
Expenses$15,384,994
Assets$149,347,655

How reported expenses were divided

This free view shows the broad spending mix. Exact dollar amounts and revenue comparisons are included in the complete report.

Mission workProgram services78.7%of expenses
ManagementOffice and general costs16.8%of expenses
FundraisingAsking for donations4.5%of expenses

Mission work is the Form 990 category called program services. These are the organization’s reported accounting categories, not an independent measure of results.

About this charity

Recognized since
January 1998
Location
3173 HIGHWAY 129 N, CLEVELAND, GA 30528-2715
County
White
In care of
% GRACE COVINGTON FRICKS PRES

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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