Advanced Capaccess INC EIN 46-3068180

Advanced Capaccess INC FY2023 filing

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Provides loans, grants, and business advice to foster economic growth. For fiscal year 2023 it reported $15K in revenue, $61K in expenses, and $429K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Cedar Rapids, IA
Filings
4 on file (2021–2023)
Revenue
$15KFY2023
Expenses
$61K
Net assets
$429K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  46-3068180 Public charity (501(c)(3)) Cedar Rapids, IA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Provides loans, grants, and business advice to foster economic growth.
Leadership
Amy Lang · President
Money in and out
$15K revenue, $61K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$15K
Pt VIII · Ln 12
Total expenses
$61K
Pt IX · Ln 25
Net assets
$429K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$45K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
83.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-298%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$15K
FY2023▼ -76%
Expenses
$61K
FY2023▲ +15%
Total assets
$968K
FY2023▲ +5%
Total liabilities
$539K
FY2023▲ +20%
Total revenue
$15K
Pt VIII · Ln 12
Total expenses
$61K
Pt IX · Ln 25
Net assets
$429K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$45K
Total assetsPt X · Ln 16$968K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $61K of program spending, described in the organization's own filed words · FY2023.
01

Economic development.

$61Kprogram 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 1b4
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
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 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$15K · 95%
Investment income$703 · 5%
Program service revenue95%$15K
Investment income5%$703
Total revenueLn 12$15K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$61K
Total functional expensesLn 25$61K

Balance Sheet

Part X · end of year
CashLn 1$421K
Total assetsLn 16$968K
Total liabilitiesLn 26$539K
Total net assetsLn 32$429K
Months of cash on handcomputed83.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $421K · Operating expenses/yr $61K
83.2 months
Where the money goes
Program services
Program services $61K · Total expenses $61K
100%
Management & General
Management & general $0 · Total expenses $61K
0%
Fundraising
Fundraising $0 · Total expenses $61K
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 $15K
0%
Government reliance
Government grants — · Total revenue $15K
Earned-income share
Program service revenue $15K · Total revenue $15K
95%
Investment reliance
Investment income $703 · Total revenue $15K
+5%
Program self-sufficiency
Program service revenue $15K · Total expenses $61K
24%
Growth & trend
Revenue growth (YoY)
This year $15K · Prior year $65K
-76%
Net-asset trend (YoY)
End of year $429K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $15K · Expenses $61K
-298%
Liabilities-to-Assets
Total liabilities — · Total assets $968K
Net-asset ratio
Net assets $429K · Total assets $968K
44%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $968K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Amy Lang · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $61K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $61K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth -76%
Legal fee ratio 73%
Accounting fee ratio 3%

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 · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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