2013-05-14T09:55:10-00:00 2012-12-31 David Benfield CPA PC 3438 Hwy 17 Alt Toccoa GA 30577 990 2012-01-01 582383669 ACCESS TO CAPITAL FOR ENTREPRENEURS INC ACCE 7063486609 3173 HIGHWAY 129 N CLEVELAND GA 30528 GRACE COVINGTON FRICKS 2013-05-14 true David Benfield 7068864343 2013-05-14 X 2012 2016-02-24 21:20:13Z GRACE COVINGTON FRICKS 3173 HWY 129 NORTH CLEVELAND GA 30528 3945780 false X www.aceloans.org X 1998 GA To provide access to capital, education and business development resources to new and existing small, micro or environmentally sustainable businesses. 9 8 19 1 0 2534703 3593617 251132 348555 1341 3608 0 2787176 3945780 0 0 413739 743018 0 0 1053933 1136311 1467672 1879329 1319504 2066451 7279506 11343689 4664687 6662419 2614819 4681270 To provide access to capital, education and business development resources to new and existing small, micro or environmentally sustainable businesses. false false 1629034 3586687 348555 Access to Capital for Entrepreneurs, Inc. formerly Appalachian Community Enterprises, Inc., ACE is a nonprofit organization that provides loans to start and grow businesses. ACE offers its borrowers business development resources to create financially and environmentally sustainable businesses. In 2004, the U.S. Department of Treasury certified ACE as a Community Development Financial Institution CDFI to provide access to capital for underserved markets including low income individuals, people of color and women. In its eleven-year history, ACE has created or retained 2,674 jobs and has helped 468 small businesses start or expand their operations. ACE derives its income from loan interest and fee income, grants and donations. 1629034 true true false true false false false false false true false false false false false true false false false false false false false false false false false false false false false false false false false true true false false false false false false false false false true 21 0 true 19 true false false false false false false false false false false X 9 8 false false true false false false false true true false false true true true true true true true true false GA X GRACE COVINGTON FRICKS 7068864343 3173 HIGHWAY 129 NORTH CLEVELAND GA 30528 PATRICIA PUCKETT X X 0 0 0 MITCHELLE JOHNSON X X 0 0 0 COURTNEY SMITH X X 0 0 0 ROSEMARIE DRAKE X 0 0 0 DOROTHY KIRKLEY X 0 0 0 RAY CHRISTMAN X 0 0 0 LYNN THOGERSEN X 0 0 0 LARA HODGSON X 0 0 0 GRACE COVINGTON FRICKS 040.00 040.00 X X X 111525 0 8410 JOSHUA BRACKETT 040.00 040.00 X 48603 0 3393 SANDRA HEADLEY 040.00 040.00 X 68034 0 6936 228162 18739 1 false false false 3271255 322362 3593617 LENDING PROGRAM INCOME 348555 348555 348555 3608 3608 3945780 348555 3608 X 0 0 0 0 228162 228162 0 454570 454570 0 0 60286 60286 0 13462 13462 12026 9900 2126 5500 5500 0 299678 185574 114104 20785 13925 6860 8957 8957 33929 33929 0 25578 20462 5116 104247 83398 20849 0 10778 8623 2155 15103 15103 0 8724 4362 4362 53513 53513 PROGRAM EXPENSES 123084 120687 2397 TELEPHONE 9415 7532 1883 DUES, SUPPLIES 7370 7370 PROVISION FOR LOAN LOSSES 384162 384162 0 1879329 1629034 250295 0 2481920 3507429 1386634 1707232 2911996 5609500 65026 39080 20836 25946 7608 10073 470512 483509 7279506 11343689 76064 69154 528216 380478 4060407 6212787 4664687 6662419 X 402091 835090 2212728 3846180 2614819 4681270 7279506 11343689 2066451 X false true X true true true X 1055606 958125 1410537 2785835 3942172 10152275 1055606 958125 1410537 2785835 3942172 10152275 10152275 15216 19669 3494 1341 3608 43328 10195603 0.99580 0.99110 X 0.00000 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false true 5500 false false false 5500 false false II-B 1f ACE contracts with Rapoza Associates to be members in the Friends of the SBA microloan program which works to help sustain the Organizations program of providing loans to small businesses. See the Organizations mission statement. false 65026 39080 25946 25946 Financial derivatives and other financial products Closely-held equity interests Federal income taxes 3945780 3945780 3945780 1879329 1879329 1879329 ROBINSON-FRICKS DEVELOPMENT CO PARTNER IS SPOUSE OF DIRECTOR 18409 RENTS OFFICE SPACE false Form 990 Part VI A 4 THE GOVERNING DOCUMENTS WERE CHANGED TO REFLECT CHANGING THE NAME OF THE ORGANIZATION TO ACCESS TO CAPITAL FOR ENTREPRENEURS, INC. OTHER MINOR CHANGES WERE MADE TO UPDATE THE ORGANIZATIONS GOVERNING DOCUMENTS WITH NO CHANGES BEING MADE TO ITS MISSION.THIS NAME CHANGE ALONG WITH THE NEW GOVERNING DOCUMENTS WERE FILED WITH THE INTERNAL REVENUE SERVICE ON AUGUST 6, 2012 AFTER LAST YEARS FORM 990 RETURN WAS FILED. Form 990 Part VI B 11 THE BOARD MEETS QUARTERLY. IF FORM 990 IS COMPLETED AND THE FORM 990 FILING DEADLINE IS BEFORE THE NEXT BOARD MEETING, THE BOARD MEMBERS ARE ASKED IF THEY WOULD LIKE A COPY OF THE FORM 990 BEFORE IT IS FILED. IN ANY EVENT, THE FORM 990 IS DISCUSSED AT THE FIRST BOARD MEETING AFTER THE RETURN IS COMPLETED. Form 990 Part VI B 12C CONFLICTS OF INTEREST IS INCLUDED IN THE COMPANY POLICIES AND IS MONITORED BY THE DIRECTOR AND BOARD. ADDITIONALLY, DURING THE YEARLY FINANCIAL AUDIT, THE DIRECTOR AND PERSONNEL ARE QUESTIONED ABOUT ANY CHANGES THAT MAY CAUSE OR HAVE KNOWLEDGE OF ANY CONFLICTS. Form 990 Part VI B 15 THE SALARY OF THE DIRECTOR IS REVIEWED BY THE BOARD CHAIR AND THE TREASURER. AS PART OF THIS REVIEW, SALARIES OF OTHER SIMILAR ORGANIZATIONS ARE USED. SALARIES AND CONTRACTS OF OTHER KEY EMPLOYEES ARE REVIEWED AS PART OF PREPARING THE ORGANIZATIONS BUDGET WHICH THE BOARD REVIEWS AND DISCUSSES. Form 990 Part VI C 19 THE ENTITYS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST BY TELEPHONE OR IN WRITING. THE ORGANIZATIONS AUDIT FINANCIAL STATEMENTS ARE MADE AVAILABLE VIA THE ORGANIZATIONS WEBSITE. Form 990 Part IX 11G OTHER FEES FOR SERVICES- THE TOTAL FEES FOR SERVICES IS 299,678 WHICH IS USED TO PURCHASE SERVICES TO FULL FILL SPECIFIC PROGRAM AND GRANT REQUIREMENTS. SERVICES RELATED DIRECTLY TO PROGRAMS TOTAL 185,574. THE MANAGEMENT AND GENERAL SERVICES TOTALED 114,104.