Advanced Capaccess INC EIN 46-3068180

Advanced Capaccess INC

EIN  46-3068180 Public charity (501(c)(3)) Cedar Rapids, IA
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Size
$1–10M
What they do
Provides loans, grants, and business advice to foster economic growth.
Leadership
Stephen Brustkern · Vice President, Treasurer, Secretary · $4K
Money in and out
$1.5M revenue, $536K expenses
Bottom line
97% program efficiency

Provides loans, grants, and business advice to foster economic growth. For fiscal year 2024 it reported $1.5M in revenue, $536K in expenses, and $1.4M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$536K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $955K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
27.1mo
months of highly liquid reserves at operating expense rate▼ -67% vs prior filing year
Surplus margin
+64%
revenue over expenses, this year▲ +122% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▲ ×98
Expenses
$536K
FY2024▲ +782%
Total assets
$1.4M
FY2024▲ +44%
Total liabilities
$8K
FY2024▼ -98%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$536K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$955K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $520K of program spending, described in the organization's own filed words · FY2024.
01

The organization is serving as managing member for aca I, iii, and iv, LLC, all of whom provide, directly or indirectly, investment capital to qualified low income community businesses pursuant to the new markets tax credit program. In addition, the organization provides investment capital to local businesses.

$520Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAdvanced Capaccess INC
EINHdr · item D46-3068180
Principal addressHdr · item CCedar Rapids, IA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFFeb 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President, Treasurer, Secretary
$3,750Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Stephen Brustkern’s $4K as Vice President, Treasurer, Secretary is at the 0th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Program service revenue$1.5M · 99%
Investment income$16K · 1%
Program service revenue99%$1.5M
Investment income1%$16K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$520K
Management & general3%$16K
Total functional expensesLn 25$536K

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$1.4M
Total liabilitiesLn 26$8K
Total net assetsLn 32$1.4M
Months of cash on handcomputed27.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $536K
27.1 months
Where the money goes
Program services
Program services $520K · Total expenses $536K
97%
Management & General
Management & general $16K · Total expenses $536K
3%
Fundraising
Fundraising $0 · Total expenses $536K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.5M
0%
Government reliance
Government grants — · Total revenue $1.5M
Earned-income share
Program service revenue $1.5M · Total revenue $1.5M
99%
Investment reliance
Investment income $16K · Total revenue $1.5M
+1%
Program self-sufficiency
Program service revenue $1.5M · Total expenses $536K
275%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $15K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $536K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.4M · Total assets $1.4M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stephen Brustkern · Reported title VICE PRESIDENT, TREASURER, SECRETARY · Highest reported compensation $4K · Total expenses $536K
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4K · Total expenses $536K
1%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Revenue growth ×98
Legal fee ratio 11%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$65K revenue · ⤓ 990 PDF
FY2022$7K revenue · ⤓ 990 PDF
FY2021$5K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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