Accessity
- Assets
- $22.3m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 37
- Location
- San Diego, CA
- Founding
- 01/1996
- Data as of
- 12/2023
- 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 12/2023, Accessity employed 37 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 12/2023, Accessity generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $4.8m during the year ending 12/2023. While expenses have increased by 12.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
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 | $172,014 |
Robert Lopez COO | Officer | 40 | $157,397 |
Mar Diteos Rendon Bus Dev Officer | Officer | 40 | $152,801 |
Javier Islas Cfo/treasurer | Officer | 40 | $148,190 |
Victor Nava Director | Trustee | 0 | $0 |
Mark Emch Vice Chair | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,387,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,289,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,676,805 |
| Total Program Service Revenue | $1,968,342 |
| Investment income | $75,813 |
| 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 | $6,158,404 |
| 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. | $623,386 |
| Compensation of current officers, directors, key employees. | $43,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,353,776 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $529,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $105,629 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $119,243 |
| Office expenses | $1,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,307 |
| Travel | $34,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,996 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,012 |
| Insurance | $36,179 |
| All other expenses | $141,196 |
| Total functional expenses | $4,827,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,037,426 |
| Pledges and grants receivable | $47,586 |
| Accounts receivable, net | $715,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,888,457 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,359 |
| Net Land, buildings, and equipment | $28,072 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $552,276 |
| Total assets | $22,337,326 |
| Accounts payable and accrued expenses | $972,013 |
| 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 | $2,984,460 |
| Other liabilities | $1,765,754 |
| Total liabilities | $5,722,227 |
| Net assets without donor restrictions | $15,837,938 |
| Net assets with donor restrictions | $777,161 |
| 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 | $22,337,326 |