Advanced Capaccess INC FY2021 filing

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Economic development loans and grant. Technical assistance to individuals and businesses.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3068180) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $228K a year · 58% of revenue · last 4 filings
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
121.2 mo
of spending, in cash
121.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$900
0.2% of total assets
Liabilities are 0.2% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$5K
Spent
$32K
To programs
100%
Net assets
$489K
By yearFY2021–FY2024
Revenue
$5K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$5K
FY2022$7K
FY2023$65K
FY2023$15K
FY2024$1.5M
Expenses
$32K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$32K
FY2022$33K
FY2023$53K
FY2023$61K
FY2024$536K
Net assets
$489K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$489K
FY2022$463K
FY2023$474K
FY2023$429K
FY2024$1.4M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

100 cents of each dollar spent went to programs.

Program services 100% · $32K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary Treasurer
$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 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

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1 program · $32K · in their own filed words · FY2020
01

Economic development.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3068180) · Dispute this line
$32Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5K
Ln 12
Investment incomeLn 3$5K
Money outPt IX
$32K
Ln 25
Programscol B$32K
Owns and owesPt X
$489K
net assets · Ln 32
Cash and savingsLn 1–2$319K
Total assetsLn 16$490K
LiabilitiesLn 26$900
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$5K
Total revenueLn 12$5K
Assets in detailPt X, end of year
CashLn 1$319K
Cash and savings togetherLn 1–2$319K
Notes and loans receivableLn 7$163K
Prepaid expenses and deferred chargesLn 9$7K
InvestmentsLn 11–13$900
Total assetsLn 16$490K
LiabilitiesLn 26$900
Net assetsLn 32$489K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$409K$319K
InvestmentsLn 11–13$900$900
Total assetsLn 16$517K$490K
LiabilitiesLn 26$900$900
Net assetsLn 32$516K$489K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$420$420
Office expensesLn 13$110$110
OccupancyLn 16$3K$3K
Other expenses (24a–d)Ln 24$25K$25K
Total functional expensesLn 25$32K$32K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2021 ViewingFiled with the IRS Aug 31, 2021 $5K$32K−$27K$489K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $4,811 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,137$4,811
I-11 Other revenuePrior year $100$0
I-12 Total revenuePrior year $6,237$4,811
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,693$31,624
I-18 Total expensesPrior year $12,693$31,624
I-19 Revenue less expensesPrior year −$6,456−$26,813
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,811 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $4,811$4,811
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,811$4,811
Part IX · Statement of functional expenses $31,624 across 5 lines filed
IX-11c Accounting feesPrograms $2,878$2,878
IX-12 Advertising and promotionPrograms $420$420
IX-13 Office expensesPrograms $110$110
IX-16 OccupancyPrograms $3,000$3,000
IX-24 Other expenses (24a–d)Programs $25,216$25,216
IX-25 Total functional expensesPrograms $31,624 · Management $0 · Fundraising $0$31,624
Part X · Balance sheet $489,984 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $408,641$319,359
X-7 Notes and loans receivableStart of year $100,528$162,997
X-9 Prepaid expenses and deferred chargesStart of year $6,728$6,728
X-13 Program-related investmentsStart of year $900$900
X-16 Total assetsStart of year $516,797$489,984
X-17 Accounts payable and accrued expensesStart of year $900$900
X-26 Total liabilitiesStart of year $900$900
X-27 Net assets without donor restrictionsStart of year $515,897$489,084
X-32 Total net assets or fund balancesStart of year $515,897$489,084
X-33 Total liabilities and net assetsStart of year $516,797$489,984
Part XI · Reconciliation of net assets $489,084 net assets at year end
XI-1 Total revenue$4,811
XI-2 Total expenses$31,624
XI-3 Revenue less expenses−$26,813
XI-4 Net assets at start of year$515,897
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$489,084

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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