Public Charity

ACCESS TO CAPITAL FOR ENTREPRENEURS INC

ACCESS TO CAPITAL FOR ENTREPRENEURS INC is a nonprofit organization categorized as Public Charity based in CLEVELAND, GA. Its most recent IRS filing (2025) reports revenue of $20.6M, expenses of $17.0M, total assets of $149.3M. Imperigo tracks 34 reported grant relationships connected to this organization totaling approximately $19.9M.

EIN: 582383669 CLEVELAND, GA Economic Development NTEE: S30 Latest filing: 2025
Total Revenue$20.6M
Total Expenses$17.0M
Total Assets$149.3M
Grant Records34
Funding Total$19.9M
Filing Years2021–2025

Mission

ACCESS 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 CENTER IN NORCROSS (METRO-ATLANTA). 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 $295 MILLION IN LOANS TO 2,950 SMALL BUSINESSES, CREATING OR RETAINING MORE THAN 24,300 JOBS.

Where $100 goes at Access to Capital for Entrepreneurs Inc

How Access to Capital for Entrepreneurs Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$79 Programs the work itself
$18 Management running the organization
$3 Fundraising raising the next dollar

Inside the $79 for programs

$79
Access to Capital for Entrepreneurs (ace) provides the following program services to small businesses: 1.) Lending: ace is committed to deploying capital to high-potential small business owners who…
All program spending · Reported in the filing: 18,000 clients; 16,000 individuals; 525 sessions
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2025
provide affordable loans to underserved small and medium businesses combined with coaching and connections
$20,000
2024
Promoting Diverse Business Growth In Atlanta
$65,000
2024
provide affordable loans to underserved small and medium GA businesses
$20,000
2024
CHARITABLE DONATION
$7,277
2023
General support for programs, operations and other charitable purposes
$10,000,000

Showing up to 5 of 34 total records — full history available with membership.

Officers & Directors

BOARD CHAIR Bill Zawrotny
BOARD MEMBER Carlos Mata
SECRETARY Dale Royal
PRESIDENT & CEO (OUTGOING) Grace C Fricks
TREASURER & FINANCE COMMITTEE CHAIR Grace Lopez-Williams
INVESTMENT COMMITTEE CHAIR Hollis Linginfleter

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$11,487,651 12 grants
Economic Development
$7,527,500 13 grants
Education
$300,000 1 grant
Civil Rights & Social Justice
$200,000 1 grant
Unspecified
$337,000 6 grants

Financial Trends

Year Revenue Expenses Assets
2025 $20.6M $17.0M $149.3M
2024 $25.0M $15.4M $134.3M
2023 $27.0M $13.7M $121.2M
2022 $13.8M $7.0M $106.3M
2021 $11.0M $5.4M $88.8M

Between 2021 and 2025, reported annual revenue grew from $11.0M to $20.6M (+87%), with total assets most recently reported at $149.3M.

Interactive year-over-year charts and full filing details available with membership.

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