Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
4 people listed on the 990; $4K paid to officers and key staff (Part VII, Section A).
Stephen Brustkern’s $4K as Vice President, Treasurer, Secretary is at the 0th percentile of top reported officer pay among 2832 $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.
See Advanced Capaccess INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Provides loans, grants, and business advice to foster economic growth.
Questions for Advanced Capaccess INC
Your first name shows with your question. Advanced Capaccess INC answers here, for everyone.
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.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $421K | $1.2M |
| InvestmentsLn 11–13 | $900 | $3K |
| Total assetsLn 16 | $968K | $1.4M |
| LiabilitiesLn 26 | $539K | $8K |
| Net assetsLn 32 | $429K | $1.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $4K | $3K | $938 | |
| Management feesLn 11a | $450K | $450K | ||
| Legal feesLn 11b | $61K | $61K | ||
| Accounting feesLn 11c | $4K | $4K | ||
| Advertising and promotionLn 12 | $663 | $663 | ||
| Office expensesLn 13 | $9K | $75 | $9K | |
| OccupancyLn 16 | $4K | $908 | $3K | |
| TravelLn 17 | $1K | $1K | ||
| Other expenses (24a–d)Ln 24 | $4K | $4K | ||
| Total functional expensesLn 25 | $536K | $520K | $16K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Sep 17, 2025 | $1.5M | $536K | $955K | $1.4M | 990 PDF |
| FY2023Filed with the IRS Oct 13, 2023 | $65K | $53K | $12K | $474K | 990 PDF |
| FY2022Filed with the IRS Jan 24, 2023 | $7K | $33K | −$26K | $463K | 990 PDF |
| FY2021Filed with the IRS Aug 31, 2021 | $5K | $32K | −$27K | $489K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $1,490,693 revenue, 12 lines filed
Part VI · Governance 3 of 4 board members independent, 1 to look at
Part VIII · Statement of revenue $1,490,693 across 3 lines filed
Part IX · Statement of functional expenses $535,944 across 9 lines filed
Part X · Balance sheet $1,391,777 assets, 13 lines filed
Part XI · Reconciliation of net assets $1,383,375 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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