True Access Capital Corporation
True Access Capital Corporation is a public charity based in Wilmington, Delaware. Founded in 1992, it provides capital and support services to small businesses and finances community-based projects in Delaware and southeastern Pennsylvania.
True Access Capital Corporation at a glance
In short: True Access Capital Corporation gave $140K across 8 grants in 2024 (avg $17K), top state Delaware. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $139,600
- +19.5% vs 2023
- Grants made (2024)
- 8
- +60.0% vs 2023
- Average grant
- $17,450
- -25.3% vs 2023
- Median grant
- $18,400
- Total assets
- $25,632,139
- +5.1% vs 2023
- Primary geography
- Delaware (12% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to True Access Capital Corporation
- Contact
Mailing address: 100 West 10Th Street 300, Wilmington, DE 19801
Phone: (302) 652-6774
Website: https://trueaccesscapital.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who True Access Capital Corporation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Bueno Properties ($20K). Together the top 8 received $140K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 28 grants of 29 (97%).
Geographic Focus
Where this funder awards grants
The filing describes small-business lending throughout Delaware and southeastern Pennsylvania. The language-access plan also identifies Delaware and southeastern Pennsylvania as the areas where the organization helps small businesses. The website’s described grant programs were limited to particular Wilmington or New Castle County areas.
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
States
Cities
How True Access Capital Corporation gives
- Giving grew 1296% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2021) to $174K (2022). In 2024 it made 8 grants totaling $140K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bueno Properties | CDFI ERP Grant | $20,000 |
| DG Brands | CDFI ERP Grant | $20,000 |
| Nerdit Now | Empowerment Fund | $20,000 |
| The Mill | Empowerment Fund | $20,000 |
| The Vision Campus Wilmington, DE | West Corridor Grant | $16,800 |
| 1035 Lancaster Grant | West Corridor Grant | $16,800 |
| Godspeed Transport | Empowerment Fund | $16,000 |
| La Bella | Her Business Plan | $10,000 |
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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 | $25,632,139 | $4,611,925 | $3,764,504 | $139,600 | 8 | $159,895 |
| 2023 | $24,398,779 | $3,780,450 | $3,391,054 | $116,800 | 5 | $82,605 |
| 2022 | $22,058,882 | $3,143,323 | $3,510,503 | $174,050 | 13 | $-44,994 |
| 2021 | $20,176,608 | $8,295,807 | $2,586,854 | $10,000 | 1 | $2,206 |
| 2020 | $14,544,564 | $4,014,227 | $2,770,706 | $50,000 | 2 | $22,593 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
True Access Capital’s stated mission is “building a thriving community by empowering a diverse base of entrepreneurs and businesses through access to capital, education, advocacy and opportunity.” Its language-access plan says it helps small businesses, primarily led by and serving women and people of color, in Delaware and southeastern Pennsylvania.
The 2024 filing describes small-business loans through its Micro Loan Fund and Business Growth Fund. Its Commercial Real Estate and Community Facility Fund provides capital for projects such as mixed-use properties, child care centers, and community facilities, including projects involving nonprofit organizations other than housing developers. The filing also describes community development lending for projects such as child care centers, health care providers, and nonprofit office space. These are lending activities, not grants.
Grantmaking
The 2022 filing reports $174,050 in grants across 13 grants. The 2023 and 2024 filings each report zero grants. The available information does not identify the 2022 grantees or individual award amounts, so a typical award size cannot be stated. Its 2024 filing, the latest on this page, reports 8 grants totaling $139,600.
The organization’s website describes several past grant programs. A 2021 West Side Corridor Revitalization Fund program offered up to $10,000 per applicant for eligible projects by small businesses, landlords, and developers in a specified Wilmington area. A 2022 Empowerment Fund information session described grants of up to $20,000 for businesses located in Wilmington and a grant of up to 20% of total project cost for loan requests from businesses led by people of color. A 2024 New Castle County Corridor Revitalization Fund program described small grants of up to $5,000 and matching grants of up to $10,000 for commercial-property improvements along specified corridors. These are dated program descriptions, not evidence of currently available funding.
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2024 filing are Paul B Hughes III, Chair; Rachael Mears, Treasurer; Judith M Scarborough CPA CVA CFF, Vice Chair; and board members Pedro Viera Jr, Sheryl Scanlon EDD, Emanuel V Deshields, Robert Gunter, Barry L Lott, Ron Kimbrough, and Derrick Robinson.
True Access Capital Corporation is led by Vandell Hampton Jr., President & CEO on every filing since 2020; 2 of 15 officers listed in 2024 are compensated.
Officers on the 2024 filing
Vandell Hampton Jr.
President & CEO
On filings since 2020
37.5 hrs/week
$143K (2020) → $185K (2024)
Paul B. Hughes III
Chair
On filings since 2020
1 hr/week
No compensation reported
Lorenzo Merino
Senior Vice President & Director of Lending
Director of Lending → Senior Vice President & Director of Lending, 2023
On filings since 2022
37.5 hrs/week
$107K (2022) → $123K (2024)
Barry L. Lott
Board Member
On filings since 2020
1 hr/week
No compensation reported
Emanuel V. Deshields
Board Member
On filings since 2020
1 hr/week
No compensation reported
Judith M. Scarborough Cpa Cva Cff
Vice Chair
On filings since 2020
1 hr/week
No compensation reported
Pedro Viera Jr.
Board Member
On filings since 2020
1 hr/week
No compensation reported
Rachael Mears
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Robert Gunter
Board Member
On filings since 2020
1 hr/week
No compensation reported
Sheryl Scanlon EdD
Board Member
On filings since 2020
1 hr/week
No compensation reported
Derrick Robinson
Board Member
On filings since 2023
1 hr/week
No compensation reported
Justin Poser
Board Member
On filings since 2023
1 hr/week
No compensation reported
Rafael Zahralddin
Board Member
On filings since 2023
1 hr/week
No compensation reported
Ron Kimbrough
Board Member
On filings since 2023
1 hr/week
No compensation reported
Tanya Williamson
Board Member
On filings since 2023
1 hr/week
No compensation reported
Former officers (6)
- Former: Gloria Zook Diodato (2020–2022) — Board Member
- Former: John M. Bonhomme (2020–2022) — Board Member
- Former: Jonathan Klass (2020–2022) — Board Member
- Former: Matthew Kattler CFA (2020–2022) — Board Member
- Former: Richard E. Campbell Sr. (2020–2022) — Board Member
- Former: Thomas E. Hanson Jr. Esq. (2020–2021) — Secretary
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 $185K, to Vandell Hampton Jr (President & CEO). 2 officers or directors reported compensation on that filing.
Frequently asked questions about True Access Capital Corporation
How much does True Access Capital Corporation give each year?
True Access Capital Corporation gave $140K across 8 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $117K across 5 grants.
What is True Access Capital Corporation's typical grant size?
True Access Capital Corporation's median grant in 2024 was $18,400, and its average grant was $17,450, across 8 grants on its 2024 IRS Form 990.
Where does True Access Capital Corporation give grants?
True Access Capital Corporation's top state is Delaware, with 12% of the grant dollars itemized on its 2024 IRS Form 990.
Does True Access Capital Corporation give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on True Access Capital Corporation's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Empowerment Fund" (3 grants).
Who are True Access Capital Corporation's largest grantees?
True Access Capital Corporation's largest 2024 grantees include Bueno Properties ($20,000), DG Brands ($20,000) and Nerdit Now ($20,000), according to its 2024 IRS Form 990. Together they received 43% of its itemized 2024 grant dollars.
How large is True Access Capital Corporation?
True Access Capital Corporation reported $25.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $4.6M.
What does True Access Capital Corporation fund?
True Access Capital’s stated mission is “building a thriving community by empowering a diverse base of entrepreneurs and businesses through access to capital, education, advocacy and opportunity.” See mission & focus areas ↑
How do I apply for a grant from True Access Capital Corporation?
True Access Capital Corporation has no public application process in the sources Grantable reviewed. Check trueaccesscapital.org for current guidelines, or contact the foundation directly before submitting a request.
What is True Access Capital Corporation's EIN?
True Access Capital Corporation's EIN (Employer Identification Number) is 51-0345258. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS July 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 8, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 23, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 9, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work True Access Capital Corporation funds
Public, Societal Benefit Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in True Access Capital Corporation's focus areas in our free grants database
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from True Access Capital Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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