Overview
What is Advanced Capaccess Inc?
Advanced Capaccess Inc, located in Cedar Rapids, Iowa, serves as an economic development organization. Its primary focus is to provide financial aid through loans and grants to stimulate local growth. Additionally, the organization offers technical assistance to support both individuals and businesses in their endeavors, aiming to foster economic prosperity in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Advanced Capaccess Inc has achieved an impressive score of 94%, reflecting its strong performance in accountability and finance. This high rating, based solely on a single beacon score, highlights the organization’s commitment to responsible financial management, which is crucial for gaining public trust.
The nonprofit demonstrates excellent governance practices with a fully independent board, scoring full marks in board independence and conflict of interest policies. Furthermore, it has no reported material diversion of assets, maintaining transparency and integrity in its operations. The organization also adheres to robust policies regarding whistleblowing and document retention, demonstrating a comprehensive commitment to ethical practices.
Despite its strong financial health, the rating does not indicate any specific programmatic impacts or outcomes, which can be a limitation for potential donors seeking detailed insights into the effectiveness of the charity's initiatives. Overall, Advanced Capaccess Inc stands out for its financial accountability, yet further information on its programs would strengthen its appeal to supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Advanced Capaccess Inc legitimate?
Advanced Capaccess Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advanced Capaccess Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Advanced Capaccess Inc?
Advanced Capaccess Inc, as an economic development organization, focuses on providing both loans and grants, as well as offering technical assistance to individuals and businesses. Their primary goal is to stimulate economic growth and development by aiding these entities in their financial and operational needs. By offering such services, they aim to contribute to the overall prosperity and progress of the communities they serve.
Who is the CEO of Advanced Capaccess Inc?
Stephanie Koenen is the President of Advanced Capaccess Inc.
What is the revenue of Advanced Capaccess Inc?
Advanced Capaccess Inc's revenue in 2023 was $64,675.
Who are the executives of Advanced Capaccess Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Advanced Capaccess Inc?
Advanced Capaccess Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Advanced Capaccess Inc
Advanced Capaccess Inc, as an economic development organization, is committed to providing loans and grants, alongside offering technical assistance to both individuals and businesses. This mission aims to stimulate economic growth and development, fostering opportunities for various sectors and communities. By offering financial aid and expert guidance, Advanced Capaccess Inc seeks to empower individuals and businesses, enabling them to thrive and contribute positively to their respective economies.
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Impact
August, 2024
Advanced Capaccess Inc's impact lies in its crucial role in promoting economic development in Cedar Rapids, IA. By providing economic development loans and grants, as well as technical assistance to individuals and businesses, Advanced Capaccess is empowering the local community to thrive and grow. Through these efforts, the organization is contributing to the advancement of businesses and individuals, fostering innovation, and ultimately supporting the overall improvement of the community.
This information is meant to be a general summary of Advanced Capaccess Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,239
- Program Service Revenue: $63,436
- Gross Receipts: $64,675
Assets and Liabilities:
- Total Assets: $922,822
- Total Liabilities: $448,410
- Net Assets: $474,412
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$34,267
BAD DEBIT RECOVERY
Revenue
$28,000
LOAN FEES
Revenue
$1,169
Organization Details
Founding Year
2013
Phone
(319) 883-3010Principal Officer
Stephanie Koenen
Main Address
425 2ND ST SE SKYWALK FLOOR, CEDAR RAPIDS, IA, 52401
NTEE Category
Code: S30 - Community improvement
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