Access to Capital for Entrepreneurs Inc
See schedule oaccess to capital for entrepreneurs, inc. (ACE), is a nonprofit organization that provides loans to start and grow businesses. ACE is the largest Georgia-based community development financial institution (CDFI) focused on small businesses. Founded in 2000 with a $50,000 grant to serve four North Georgia counties, ACE was certified as a CDFI in 2004. ACE has significantly expanded its reach and impact over the years, with offices in atlanta, tifton southwest Georgia)and cleveland (North Georgia), along with women's business centers in norcross (metro-atlanta) and savannah. ACE's mission is to help small businesses grow by removing barriers to accessing capital. ACE offers its borrowers business development resources to create financially and environmentally sustainable businesses. Since its inception, ACE has provided over $246 million in loans to 2,800 small businesses, creating or retaining more than 22,000 jobs.
Access to Capital for Entrepreneurs Inc at a glance
In short: Access to Capital for Entrepreneurs Inc reported $4K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.
- Grants paid (2024)
- $4,000 — reported as a total on the IRS filing, without an itemized list
- +0.0% vs 2023
- Total assets
- $134,325,923
- +10.8% vs 2023
- Revenue (2024)
- $25,034,907
- -7.2% vs 2023
- Net investment income (2024)
- $2,112,672
- +49.8% vs 2023
- Expenses (2024)
- $15,384,994
- +12.1% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Access to Capital for Entrepreneurs Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $4K (2023) to $100K (2021). In 2024 it reported $4K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Invest Atlanta Atlanta, GA | General Support | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $134,325,923 | $25,034,907 | $15,384,994 | $4,000 | Total only | $2,112,672 |
| 2023 | $121,181,835 | $26,987,407 | $13,729,086 | $4,000 | Total only | $1,410,191 |
| 2022 | $106,342,633 | $13,820,713 | $7,021,021 | $60,000 | Total only | $231,739 |
| 2021 | $88,796,114 | $11,013,240 | $5,395,685 | $100,000 | 1 | $92,607 |
| 2020 | $72,027,539 | $17,966,232 | $8,283,318 | — | — | $54,334 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Access to Capital for Entrepreneurs Inc
Based on IRS filings
Access to Capital for Entrepreneurs Inc is a public charity focused on Community Improvement & Capacity Building, based in Cleveland, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $134.3M in total assets. In 2024, it reported $4K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $2.1M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Access to Capital for Entrepreneurs Inc is led by Grace C. Fricks, President & CEO since 2024 (on filings since 2020); 7 of 20 officers listed in 2024 are compensated.
Officers on the 2024 filing
Grace C. Fricks
President & CEO
President, CEO & Board → President, CEO & Board Member, 2021
President, CEO & Board Member → President & CEO, 2024
On filings since 2020
40 hrs/week
$381K (2020) → $531K (2024)
Ray Pennie
President of Business Development
Chief of Business Advisory → President of Business Development, 2024
On filings since 2021
40 hrs/week
$152K (2021) → $169K (2024)
Bill Zawrotny
Board Chair
Board Member → Board Chair, 2023
On filings since 2020
5 hrs/week
No compensation reported
Grace Lopez-Williams
Treasurer & Finance Committee Chair
Treasurer & Finance Chair → Treasurer & Finance Committee Chair, 2021
On filings since 2020
5 hrs/week
No compensation reported
Hollis Linginfleter
Board Member & Investment Comm.chair
Board Member → Investment Committee Chair, 2023
Investment Committee Chair → Board Member & Investment Comm.chair, 2024
On filings since 2022
5 hrs/week
No compensation reported
Miguel Alandete
Board Member & Loan Committee Chair
Board Member → Loan Committee Chair, 2023
Loan Committee Chair → Board Member & Loan Committee Chair, 2024
On filings since 2022
5 hrs/week
No compensation reported
Raynard Clay
Director of Lending
New on the 2024 filing
40 hrs/week
$170K (2024)
Martina Edwards
Chief of Strategic Partnerships
On filings since 2020
40 hrs/week
$120K (2020) → $176K (2024)
Sandra Headley
Vice President
On filings since 2021
40 hrs/week
$121K (2021) → $177K (2024)
Shanon Stewart
Chief Credit Officer
On filings since 2022
40 hrs/week
$126K (2022) → $215K (2024)
Bob Gallagher
Chief Financial Officer
Interim CFO → Chief Financial Officer, 2024
On filings since 2023
40 hrs/week
$95K (2023) → $124K (2024)
Candy Moore
Board Member
Board Member → Governance Committee Chair, 2023
Governance Committee Chair → Board Member, 2024
On filings since 2020
5 hrs/week
No compensation reported
Courtney Smith
Board Member
On filings since 2020
5 hrs/week
No compensation reported
Dale Royal
Secretary
Loan Committee Chair → Secretary, 2023
On filings since 2020
5 hrs/week
No compensation reported
Mary Kepler
Board Member
On filings since 2020
5 hrs/week
No compensation reported
Matt Bozzelli
Immediate Past Board Chair
Board Chair → Immediate Past Board Chair, 2023
On filings since 2020
5 hrs/week
No compensation reported
Sibyl Slade
Vice Chair
Secretary → Vice Chair, 2023
On filings since 2020
5 hrs/week
No compensation reported
Carlos Mata
Board Member
New on the 2024 filing
5 hrs/week
No compensation reported
Marvin Lim
Board Member
New on the 2024 filing
5 hrs/week
No compensation reported
Stephanie Martin
Board Member
New on the 2024 filing
5 hrs/week
No compensation reported
Former officers (10)
- Former: Grace Webster (2020–2023) — Board Member
- Former: Joshua Brackett (2020–2023) — CFO
- Former: Chris Clay (2023) — Interim Director of Lending
- Former: Jesus Pizarro (2023) — CFO
- Former: Avery Tucker-Fontaine (2020–2022) — Board Member
- Former: Eloisa Klementich (2020–2022) — Board Member
- Former: Lynn Thogersen (2020–2022) — Board Member
- Former: Eric Swilling (2021–2022) — Director of Lending
- Former: Rayner Pennie (2020) — President of Business Development
- Former: Tim Griffis (2020) — COO
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $531K, to Grace C Fricks (President & CEO). 7 officers or directors reported compensation on that filing.
Frequently asked questions about Access to Capital for Entrepreneurs Inc
How much does Access to Capital for Entrepreneurs Inc give each year?
Access to Capital for Entrepreneurs Inc reported $4K in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants. In 2023 it reported $4K in grants paid.
How large is Access to Capital for Entrepreneurs Inc?
Access to Capital for Entrepreneurs Inc reported $134.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $25.0M.
What is Access to Capital for Entrepreneurs Inc?
Access to Capital for Entrepreneurs Inc is a public charity focused on Community Improvement & Capacity Building, based in Cleveland, GA. It holds $134.3M in total assets as of 2024.
Where does Access to Capital for Entrepreneurs Inc operate?
Access to Capital for Entrepreneurs Inc has awarded grants in Georgia.
What is Access to Capital for Entrepreneurs Inc's EIN?
Access to Capital for Entrepreneurs Inc's EIN (Employer Identification Number) is 58-2383669. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS June 23, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS July 10, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 11, 2025)
- IRS filings on file for fiscal years 2020–2024
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