Advanced Capaccess INC: FY2023 Nonprofit Profile & Form 990 (EIN 46-3068180)

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.

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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.

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1 program · $61K · in their own filed words · FY2023

01

Economic development.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3068180) · Dispute this line

$61Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$15K

Ln 12

Fees for servicesLn 2g$15K

Investment incomeLn 3$703

Money outPt IX

$61K

Ln 25

Programscol B$61K

Owns and owesPt X

$429K

net assets · Ln 32

Cash and savingsLn 1–2$421K

Total assetsLn 16$968K

LiabilitiesLn 26$539K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$15K

Investment incomeLn 3$703

Total revenueLn 12$15K

Assets in detailPt X, end of year

CashLn 1$421K

Cash and savings togetherLn 1–2$421K

Notes and loans receivableLn 7$539K

Prepaid expenses and deferred chargesLn 9$7K

InvestmentsLn 11–13$900

Total assetsLn 16$968K

LiabilitiesLn 26$539K

Net assetsLn 32$429K

OperationsPt I, VI

EmployeesI 50

VolunteersI 610

Fiscal year endsHeaderDecember

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$366K	$421K
InvestmentsLn 11–13	$900	$900
Total assetsLn 16	$923K	$968K
LiabilitiesLn 26	$448K	$539K
Net assetsLn 32	$474K	$429K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$44K	$44K
Accounting feesLn 11c	$2K	$2K
Advertising and promotionLn 12	$1K	$1K
OccupancyLn 16	$2K	$2K
InterestLn 20	$11K	$11K
Other expenses (24a–d)Ln 24	$866	$866
Total functional expensesLn 25	$61K	$61K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
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
FY2021Filed 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 FY2023 990

Part I · Summary $15,264 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $63,436$14,561

I-10 Investment incomePrior year $1,239$703

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $64,675$15,264

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 $53,029$60,734

I-18 Total expensesPrior year $53,029$60,734

I-19 Revenue less expensesPrior year $11,646−$45,470

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 $15,264 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,561$14,561

VIII-3 Investment incomeRelated to mission $703$703

VIII-12 Total revenueRelated to mission $15,264 · Unrelated business $0 · Excluded from tax $0$15,264

Part IX · Statement of functional expenses $60,734 across 6 lines filed

IX-11b Legal feesPrograms $44,247$44,247

IX-11c Accounting feesPrograms $1,570$1,570

IX-12 Advertising and promotionPrograms $1,363$1,363

IX-16 OccupancyPrograms $1,500$1,500

IX-20 InterestPrograms $11,188$11,188

IX-24 Other expenses (24a–d)Programs $866$866

IX-25 Total functional expensesPrograms $60,734 · Management $0 · Fundraising $0$60,734

Part X · Balance sheet $968,124 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $366,297$421,064

X-7 Notes and loans receivableStart of year $548,897$539,432

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 $922,822$968,124

X-17 Accounts payable and accrued expensesStart of year $900$90,771

X-23 Secured mortgages and notes payableStart of year $447,510$448,410

X-26 Total liabilitiesStart of year $448,410$539,181

X-27 Net assets without donor restrictionsStart of year $474,412$428,943

X-32 Total net assets or fund balancesStart of year $474,412$428,943

X-33 Total liabilities and net assetsStart of year $922,822$968,124

Part XI · Reconciliation of net assets $428,943 net assets at year end

XI-1 Total revenue$15,264

XI-2 Total expenses$60,734

XI-3 Revenue less expenses−$45,470

XI-4 Net assets at start of year$474,412

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$428,943

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Advanced Capaccess INC FY2023 filing

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