Civic Intelligence

First State Community Loan Fund

990 • Fiscal year 2021 • EIN 51-0345258

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 25, 2022

Organization ProfileWWW.TRUEACCESSCAPITAL.ORG

View Organization Page

100 West 10th Street 300Wilmington, DE 19801

(302) 652-6774

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.47x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

82nd percentile

1.15x

Higher debt load relative to revenue than 82% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

93rd percentile

69%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

50th percentile

$170,085

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

87th percentile

39%

Faster asset growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

89th percentile

107%

Faster revenue growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$20,176,608

Up $5,632,044 (+39%) from 2020

Net Assets

Up

$10,674,463

Up $5,708,953 (+115%) from 2020

Liabilities

Down

$9,502,145

Down $76,909 (-0.8%) from 2020

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin93rd percentile

Revenue

Up

$8,295,807

Up $4,281,580 (+107%) from 2020

Expenses

Down

$2,586,854

Down $183,852 (-6.6%) from 2020

Net Income

Up

$5,708,953

Up $4,465,432 (+359%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $7,534,395Liabilities 2011: $4,010,070Net Assets 2011: $3,524,3252011Assets 2012: $6,864,040Liabilities 2012: $3,709,441Net Assets 2012: $3,154,5992012Assets 2013: $6,632,132Liabilities 2013: $4,012,092Net Assets 2013: $2,620,0402013Assets 2014: $7,481,886Liabilities 2014: $4,587,948Net Assets 2014: $2,893,9382014Assets 2015: $7,949,638Liabilities 2015: $5,192,473Net Assets 2015: $2,757,1652015Assets 2016: $9,002,807Liabilities 2016: $6,195,037Net Assets 2016: $2,807,7702016Assets 2017: $9,979,165Liabilities 2017: $7,137,705Net Assets 2017: $2,841,4602017Assets 2018: $11,694,441Liabilities 2018: $8,205,808Net Assets 2018: $3,488,6332018Assets 2019: $11,567,842Liabilities 2019: $7,845,853Net Assets 2019: $3,721,9892019Assets 2020: $14,544,564Liabilities 2020: $9,579,054Net Assets 2020: $4,965,5102020Assets 2021: $20,176,608Liabilities 2021: $9,502,145Net Assets 2021: $10,674,4632021Assets 2022: $22,058,882Liabilities 2022: $11,751,599Net Assets 2022: $10,307,2832022Assets 2023: $24,398,779Liabilities 2023: $13,702,100Net Assets 2023: $10,696,6792023Assets 2024: $25,632,139Liabilities 2024: $14,088,039Net Assets 2024: $11,544,1002024

Highlighted filing

2021

Assets$20,176,608
Liabilities$9,502,145
Net Assets$10,674,463
Open 2021 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $1,178,0902011Expenses 2012: $1,141,7952012Revenue 2013: $815,831Expenses 2013: $1,353,965Net Income 2013: -$538,1342013Revenue 2014: $1,263,719Expenses 2014: $994,821Net Income 2014: $268,8982014Revenue 2015: $1,086,328Expenses 2015: $1,227,948Net Income 2015: -$141,6202015Revenue 2016: $1,501,468Expenses 2016: $1,450,863Net Income 2016: $50,6052016Revenue 2017: $1,839,808Expenses 2017: $1,806,118Net Income 2017: $33,6902017Revenue 2018: $2,643,467Expenses 2018: $1,996,294Net Income 2018: $647,1732018Revenue 2019: $2,166,339Expenses 2019: $1,932,983Net Income 2019: $233,3562019Revenue 2020: $4,014,227Expenses 2020: $2,770,706Net Income 2020: $1,243,5212020Revenue 2021: $8,295,807Expenses 2021: $2,586,854Net Income 2021: $5,708,9532021Revenue 2022: $3,143,323Expenses 2022: $3,510,503Net Income 2022: -$367,1802022Revenue 2023: $3,780,450Expenses 2023: $3,391,054Net Income 2023: $389,3962023Revenue 2024: $4,611,925Expenses 2024: $3,764,504Net Income 2024: $847,4212024

Highlighted filing

2021

Revenue$8,295,807
Expenses$2,586,854
Net Income$5,708,953
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 25, 2022
Return Version
2021v4.2
Gross Receipts
$8,328,991
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,503,994$10,020,352▲ $2,516,358
Cash and Non-Interest-Bearing Accounts$4,203,925$5,041,247▲ $837,322
Savings and Temporary Cash Investments$1,918,364$4,040,289▲ $2,121,925
Pledges and Grants Receivable$140,051$411,498▲ $271,447
Investments Other Securities$306,908$312,475▲ $5,567
Land, Buildings, and Equipment, Net$184,898$184,389▼ $509
Prepaid Expenses and Deferred Charges$54,446$60,586▲ $6,140
Total Assets$14,544,564$20,176,608▲ $5,632,044
Other Assets Total$231,978$105,772▼ $126,206
Liabilities
Unsecured Notes Loans Payable$9,228,041$9,322,895▲ $94,854
Accounts Payable and Accrued Expenses$109,162$104,891▼ $4,271
Other Liabilities$221,707$62,432▼ $159,275
Escrow Account Liability$18,245$11,507▼ $6,738
Deferred Revenue$1,899$420▼ $1,479
Total Liabilities$9,579,054$9,502,145▼ $76,909
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,837,417$5,379,207▲ $2,541,790
Net Assets Without Donor Restrictions$2,128,093$5,295,256▲ $3,167,163
Total Net Assets Fund Balance$4,965,510$10,674,463▲ $5,708,953
Total Liabilities and Net Assets / Fund Balance$14,544,564$20,176,608▲ $5,632,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$176,773$9,856$186,629
Equipment$5,355$41,322$46,677
Other Land Buildings$2,261$11,289$13,550
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vandell Hampton JrPresident & CEOFT$144,724$25,361$170,085

Board Members and Trustees

NameTitle
Paul B Hughes IiiChair
Judith M Scarborough CPA Cva CffVice Chair
Barry L LottBoard Member
Emanuel V DeshieldsBoard Member
Gloria Zook DiodatoBoard Member
John M BonhommeBoard Member
Jonathan KlassBoard Member
Matthew Kattler CfaBoard Member
Pedro Viera JrBoard Member
Richard E Campbell SrBoard Member
Robert GunterBoard Member
Sheryl Scanlon EddBoard Member
Thomas E Hanson Jr EsqSecretary
Rachael MearsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,968,577
Program Service Revenue
$1,297,132
Investment Income
$2,206
Other Revenue
$27,892
All Other Contributions
$2,169,276
Change in Net Assets
$5,708,953

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,295,807
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$33,184
Total Revenue per Audited Statements
$8,328,991
Total Revenue per Form 990
$8,295,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,311,189
Salaries, Compensation, and Employee Benefits$1,175,665
Grants and Similar Amounts Paid$100,000
Total Fundraising Expense$45,792
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$781,544$63,158$2,310$847,012
Fees for Services Other$278,401$15,589$35,009$328,999
Interest$242,190$1,366-$243,556
Current Officers, Directors, Trustees, and Key Employees$156,094$8,864$5,127$170,085
Grants to Domestic Orgs$80,000--$80,000
Payroll Taxes$69,333$3,862$545$73,740
Other Employee Benefits$65,614$4,185$49$69,848
Office Expenses$35,564$17,507$159$53,230
Occupancy$28,041$12,287-$40,328
Information Technology$33,878$51$909$34,838
Fees for Services Accounting$31,850$1,809$1,046$34,705
Insurance$33,084$646$374$34,104
Grants to Domestic Individuals$20,000--$20,000
Fees for Services Legal$17,262$848-$18,110
Pension Plan Contributions$14,094$886-$14,980
Conferences and Meetings$13,419$1,289-$14,708
Advertising$9,907$120-$10,027
Travel$8,717$64-$8,781
Depreciation Depletion$7,272$413$239$7,924
Other Expenses$1,595$3,560$25$5,155
Total Functional Expenses$2,404,514$136,548$45,792$2,586,854

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,620,038
Expenses per Audited Statements$2,586,854
Total Expenses per Form 990$2,586,854
Expenses Not Reported on Form 990$33,184
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
HELL'S BELLES BAKE SHOPWilmington, DE-The Corridor Revitalization Fund (crf) Is Expected to Serve as a Catalyst to Encourage Economic Revitalization on the Market Street Corridor, Facilitate Development, and Contribute to a Vibrant Community With Retail, Entertainment and Food Service Establishments.$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$33,184
Fundraising Gross Income$5,850
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Meeting and Celebration$26,250$5,850$14,748$-8,898
Total Events$26,250$5,850$33,184$-27,334
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Participation Balance Due to Deda$62,432
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Tacc's auditors meet with the board of directors prior to the completion of the annual audit to explain the audit and 990 preparation processes.”

Form 990, Part VI, Section B, Line 12C

“Tacc requires all directors, officers, and employees to sign a conflict of interest form annually.”

Form 990, Part VI, Section B, Line 15

“The president & ceo recommends salary for the entire staff to the board of directors. The board of directors deterimines the president & ceo's salary. The board of directors also approves the annual budget, which includes salaries for all employees. A compensation study based on cdfi industry market data was developed by the board of directors for determining the president & ceo's salary.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
True Access Capital Corporation
EIN
51-0345258
Phone
3026526774
Address
100 WEST 10TH STREET 300, WILMINGTON, DE 19801

Signing Officer

Name
Vandell Hampton Jr
Title
President & CEO
Phone
3026526774
Signed
2022-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vandell Hampton Jr
Formed
1992
Legal Domicile
De
Voting Board Members
14
Independent Board Members
14
Employees
14
Volunteers
39

Preparer

Firm
Belfint Lyons & Shuman Pa
Address
1011 CENTRE RD STE 310, WILMINGTON, DE 19805
Preparer
Jonathan D Moll CPA
Phone
3022250600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting fees: program service expenses 278,401. Management and general expenses 15,589. Fundraising expenses 35,009. Total expenses 328,999.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization receives cash from prospective borrowers, and participating entities in advance, to support borrowings. These amounts are held in the organization's cash accounts until the related loans are disbursed.”

PART X, LINE 2:

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. There were no unrelated business activities during the year. The organization's federal exempt organization income tax returns (form 990) are subject to examination by various taxing authorities. The organization's open audit periods are the current year and three preceding years.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising event expenses reported as a reduction of event revenue on 990”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising event expenses reported as a reduction of event revenue on 990”

Raw XML AppendixShowing 400 of 677 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0DURING 2021, TRUE ACCESS CAPITAL CORPORATION MADE NEW LOANS AS FOLLOWS: MICRO LOAN FUND - $514,050, BUSINESS GROWTH FUND - $2,408,000, COMMUNITY DEVELOPMENT LOAN FUND - $3,785,000. SMALL BUSINESS LOANS - ONE OF TACC'S PRIMARY OBJECTIVES IS PROVIDING FINANCING AND SUPPORT SERVICES FOR SMALL BUSINESS ENTERPRISES. THROUGH THIS PROGRAM, TACC CREATES JOBS AND BUILDS WEALTH IN EMERGING MARKETS THROUGHOUT THE STATE OF DELAWARE AND SOUTHEASTERN PENNSYLVANIA. TACC HAS TWO PRIMARY SMALL BUSINESS LENDING PROGRAMS - THE MICRO LOAN FUND AND THE BUSINESS GROWTH FUND. THE COMMUNITY DEVELOPMENT FUND FOCUSES ON PROVIDING CAPITAL FOR COMMUNITY-BASED PROJECTS, SUCH AS MIXED-USE PROPERTIES (RESIDENTIAL & RETAIL), NOT-FOR-PROFIT ORGANIZATIONS OTHER THAN HOUSING DEVELOPERS,CHILD CARE CENTERS AND OTHER COMMUNITY FACILITIES. THIS FUND PROVIDES UP TO $500,000 PER OBLIGOR WITH A MAXIMUM TERM OF FIVE YEARS. THE OBJECTIVE OF THE COMMUNITY DEVELOPMENT LOAN PROGRAM IS TO ADDRESS ALL OTHER LENDING THAT DOES NOT FALL SPECIFICALLY WITHIN THE PARAMETERS OF THE AFFORDABLE HOUSING OR SMALL BUSINESS LENDING PRODUCTS. THROUGH THE COMMUNITY DEVELOPMENT LENDING PRODUCT TACC IS EMPOWERED TO BRING SOME BENEFIT TO A PARTICULAR COMMUNITY IN THE FORM OF, FOR EXAMPLE, A NEW CHILD CARE CENTER, A HEALTH CARE PROVIDER, OR BY ASSISTING WITH THE PURCHASE OR REHABILITATION OF OFFICE SPACE FOR A NON-PROFIT ORGANIZATION.
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IRS990/Form990PartVIISectionAGrp/PersonNm13BARRY L LOTT
IRS990/Form990PartVIISectionAGrp/PersonNm14VANDELL HAMPTON JR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14152724
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT & CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt020400
IRS990/FundraisingDirectExpensesAmt033184
IRS990/FundraisingGrossIncomeAmt05850
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt04778901
IRS990/GrantAmt0100000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt020000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt020000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt080000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt080000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08328991
IRS990/GrossRentsGrp/RealAmt034694
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0909
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt051
IRS990/InformationTechnologyGrp/ProgramServicesAmt033878
IRS990/InformationTechnologyGrp/TotalAmt034838
IRS990/InsuranceGrp/FundraisingAmt0374
IRS990/InsuranceGrp/ManagementAndGeneralAmt0646
IRS990/InsuranceGrp/ProgramServicesAmt033084
IRS990/InsuranceGrp/TotalAmt034104
IRS990/InterestGrp/ManagementAndGeneralAmt01366
IRS990/InterestGrp/ProgramServicesAmt0242190
IRS990/InterestGrp/TotalAmt0243556
IRS990/InvestmentIncomeGrp/ExclusionAmt02206
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02206
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0306908
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0312475
IRS990/IRPDocumentCnt098
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt062467
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0184898
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0184389
IRS990/LandBldgEquipCostOrOtherBssAmt0246856
IRS990/LegalDomicileStateCd0DE
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BUILDING A THRIVING COMMUNITY BY EMPOWERING A DIVERSE BASE OF ENTREPRENEURS AND BUSINESSES THROUGH ACCESS TO CAPITAL, EDUCATION, ADVOCACY AND OPPORTUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04965510
IRS990/NetAssetsOrFundBalancesEOYAmt010674463
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-27334
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-27334
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt034694
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt034694
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02128093
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05295256
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt012287
IRS990/OccupancyGrp/ProgramServicesAmt028041
IRS990/OccupancyGrp/TotalAmt040328
IRS990/OfficeExpensesGrp/FundraisingAmt0159
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017507
IRS990/OfficeExpensesGrp/ProgramServicesAmt035564
IRS990/OfficeExpensesGrp/TotalAmt053230
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0231978
IRS990/OtherAssetsTotalGrp/EOYAmt0105772
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt049
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04185
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt065614
IRS990/OtherEmployeeBenefitsGrp/TotalAmt069848
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1LOAN FEES
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt025
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt044
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13560
IRS990/OtherExpensesGrp/ProgramServicesAmt0425206
IRS990/OtherExpensesGrp/ProgramServicesAmt141940
IRS990/OtherExpensesGrp/ProgramServicesAmt29509
IRS990/OtherExpensesGrp/ProgramServicesAmt31595
IRS990/OtherExpensesGrp/TotalAmt0425206
IRS990/OtherExpensesGrp/TotalAmt141940
IRS990/OtherExpensesGrp/TotalAmt29578
IRS990/OtherExpensesGrp/TotalAmt35155
IRS990/OtherLiabilitiesGrp/BOYAmt0221707
IRS990/OtherLiabilitiesGrp/EOYAmt062432
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1531120
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1PASSED THROUGH NET REN
IRS990/OtherRevenueMiscGrp/ExclusionAmt05547
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014985
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014985
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15547
IRS990/OtherRevenueTotalAmt020532
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02310
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt063158
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0781544
IRS990/OtherSalariesAndWagesGrp/TotalAmt0847012
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07503994
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt010020352
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0545
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03862
IRS990/PayrollTaxesGrp/ProgramServicesAmt069333
IRS990/PayrollTaxesGrp/TotalAmt073740
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0886
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014094
IRS990/PensionPlanContributionsGrp/TotalAmt014980
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0140051
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0411498
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt054446
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt060586
IRS990/PrincipalOfficerNm0VANDELL HAMPTON JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3522100
IRS990/ProgramServiceRevenueGrp/BusinessCd4522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOAN
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACTUAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2RECOVERY INCOME
IRS990/ProgramServiceRevenueGrp/Desc3LOAN FEES
IRS990/ProgramServiceRevenueGrp/Desc4PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0672485
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1314348
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2139706
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt399567
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt471026
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0672485
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1314348
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2139706
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt399567
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt471026
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02897315
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0150000
IRS990/PYInvestmentIncomeAmt022593
IRS990/PYOtherExpensesAmt01605413
IRS990/PYOtherRevenueAmt018268
IRS990/PYProgramServiceRevenueAmt01076051
IRS990/PYRevenuesLessExpensesAmt01243521
IRS990/PYSalariesCompEmpBnftPaidAmt01015293
IRS990/PYTotalExpensesAmt02770706
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04014227
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05708953
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt034694
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01312117
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01918364
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04040289
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06968577
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02897315

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,176,608
Liabilities
$9,502,145
Net assets
$10,674,463
Revenue
$8,295,807
Expenses
$2,586,854
Net income
$5,708,953
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.6$14.1$11.5$4.61$3.76$0.85
2023Summary only. Only limited summary data is available for this year.$24.4$13.7$10.7$3.78$3.39$0.39
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.1$11.8$10.3$3.14$3.51$0.37
2021Detailed filing. Detailed filing data is available for this year.$20.2$9.50$10.7$8.30$2.59$5.71
2020Summary only. Only limited summary data is available for this year.$14.5$9.58$4.97$4.01$2.77$1.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$7.85$3.72$2.17$1.93$0.23
2018Summary only. Only limited summary data is available for this year.$11.7$8.21$3.49$2.64$2.00$0.65
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.98$7.14$2.84$1.84$1.81$0.03
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.00$6.20$2.81$1.50$1.45$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.95$5.19$2.76$1.09$1.23$0.14
2014Detailed filing. Detailed filing data is available for this year.$7.48$4.59$2.89$1.26$0.99$0.27
2013Detailed filing. Detailed filing data is available for this year.$6.63$4.01$2.62$0.82$1.35$0.54
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.86$3.71$3.15$1.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.53$4.01$3.52$1.18