Accessity
- Assets
- $20.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 34
- Location
- San Diego, CA
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 33-0620415
Organization Overview
Accessity is located in San Diego, CA. The organization was established in 1996. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Accessity employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accessity is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Accessity generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACCESSITY'S MISSION IS TO OPEN DOORS OF FINANCIAL OPPORTUNITY TO THOSE HISTORICALLY WITH LESS ACCESS TO CAPITAL AND BUSINESS SUPPORT: PRIMARILY ENTREPRENEURS OF COLOR, WOMEN, IMMIGRANT, AND LOW-TO-MODERATE INCOME ENTREPRENEURS, SO THEY CAN BUILD A PROSPEROUS BUSINESS AND LIVELIHOOD FOR THEMSELVES AND THEIR FAMILIES, WHILE ALSO STRENGTHENING OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STIMULATED LOCAL ECONOMIC GROWTH BY PROVIDING ACCESS TO CREDIT AND BUSINESS SUPPORT SERVICES TO MICRO-ENTERPRISES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Schott CEO | Officer | 40 | $161,566 |
Robert Lopez COO | Officer | 40 | $145,208 |
Javier Islas Cfo/treasurer | Officer | 40 | $131,971 |
Mark Emch Vice Chair | OfficerTrustee | 0 | $0 |
Stacey Kartchner Secretary | OfficerTrustee | 0 | $0 |
Gordon P Boerner Chairman | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $851,797 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,038,687 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,890,484 |
| Total Program Service Revenue | $1,303,368 |
| Investment income | $3,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,197,275 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $293,537 |
| Compensation of current officers, directors, key employees. | $20,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,913,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $411,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,923 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $150,037 |
| Office expenses | $7,083 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,747 |
| Travel | $1,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,647 |
| Insurance | $28,595 |
| All other expenses | $57,500 |
| Total functional expenses | $3,462,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,022,985 |
| Pledges and grants receivable | $51,732 |
| Accounts receivable, net | $225,462 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,496,910 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,404 |
| Net Land, buildings, and equipment | $3,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,855,169 |
| Accounts payable and accrued expenses | $606,421 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $5,953,408 |
| Other liabilities | $615,899 |
| Total liabilities | $7,175,728 |
| Net assets without donor restrictions | $13,679,441 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,855,169 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Accessity has recieved totaling $1,020,662.
| Awarding Organization | Amount |
|---|---|
Citi Foundation New York, NY PURPOSE: SMALL BUSINESS TECHNICAL ASSISTANCE INITIATIVE | $500,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $300,000 |
Eva Longoria Foundation Santa Monica, CA PURPOSE: SPANISH LANGUAGE TRAINING COURSES FOR ENTREPRENEURS | $166,072 |
Jacobs Center For Neighborhood Innovation San Diego, CA PURPOSE: GENERAL OPERATIONS | $21,000 |
Umpqua Bank Charitable Foundation Portland, OR PURPOSE: MICROLENDING PROGRAM | $15,000 |
California Association For Microenterprise Opportunity San Francisco, CA PURPOSE: LLR Grant | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Civic San Diego San Diego, CA | $12,596,747 | $8,835,597 |
Csac Finance Corporation Sacramento, CA | $22,360,310 | $12,934,423 |
Ampac Tri-State Cdc Inc Ontario, CA | $22,461,621 | $9,676,882 |
Local First Arizona Foundation Phoenix, AZ | $3,232,104 | $5,988,087 |
Inclusive Action For The City Los Angeles, CA | $6,839,271 | $6,785,637 |
Genesis La Economic Growth Corporation Los Angeles, CA | $84,073,617 | $20,248,596 |
Business Development Finance Corporation Tucson, AZ | $22,193,625 | $4,107,444 |
Economic Development Collaborative Ventura County Camarillo, CA | $6,956,185 | $3,790,106 |
Accessity San Diego, CA | $20,855,169 | $4,197,275 |
Polk Community Development Corporation Dallas, OR | $22,075,845 | $5,307,917 |
Sustainable Economic Enterprises Of Los Angeles Los Angeles, CA | $2,131,089 | $4,310,365 |
Historic Core Business Improvement District Property Owners Assoc Inc Los Angeles, CA | $576,634 | $2,619,214 |