Greenwood Archer Capital Inc
- Assets
- $9.8m
- Revenue
- $1.3m
- Investments
- $154.3k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/2014
- Data as of
- 06/2023
- EIN
- 46-1076726
Organization Overview
Greenwood Archer Capital Inc is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwood Archer Capital Inc 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 06/2023, Greenwood Archer Capital Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 19.6% per year over the past 8 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
GREENWOOD ARCHER CAPITAL DEPLOYS FUNDS TO MICRO AND SMALL BUSINESSES THROUGHOUT THE CHICAGOLAND AREA AND GREATER COOK COUNTY ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREENWOOD ARCHER CAPITAL DEPLOYS FUNDS TO MICRO AND SMALL BUSINESSES THROUGHOUT THE CHICAGOLAND AREA AND GREATER COOK COUNTY ILLINOIS.
THE PERC PROGRAM PROVIDES RECENTLY INCARCERATED CITIZENS WITH IN-DEPTH TRAINING, PERSONEL COACHING, MENTORING AND ACCESS TO LENDING CAPITAL UP TO $50,000 TO START OR EXPAND A BUSINESS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eva Brown Chair | OfficerTrustee | 1 | $0 |
Louis V Leonardi III Secretary | OfficerTrustee | 1 | $0 |
Kimberlie Jackson Director | Trustee | 1 | $0 |
Diahann Sinclair Director | Trustee | 1 | $0 |
Larry Reed Director | Trustee | 1 | $0 |
Amiel Harper Vice-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,856 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,043,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,067,661 |
| Total Program Service Revenue | $40,797 |
| Investment income | $166,311 |
| 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 | $1,279,244 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $444,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,780 |
| Payroll taxes | $36,447 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,987 |
| Fees for services: Accounting | $29,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,600 |
| Advertising and promotion | $39,320 |
| Office expenses | $31,754 |
| Information technology | $13,198 |
| Royalties | $0 |
| Occupancy | $12,286 |
| Travel | $22,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,688 |
| Insurance | $13,936 |
| All other expenses | $3,087 |
| Total functional expenses | $1,280,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,730 |
| Savings and temporary cash investments | $345,614 |
| Pledges and grants receivable | $28,856 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,182,569 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,112 |
| Net Land, buildings, and equipment | $1,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $154,285 |
| Investments—program-related | $6,884,575 |
| Intangible assets | $0 |
| Other assets | $119,454 |
| Total assets | $9,826,658 |
| Accounts payable and accrued expenses | $54,879 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,300 |
| Total liabilities | $557,179 |
| Net assets without donor restrictions | $6,314,796 |
| Net assets with donor restrictions | $2,954,683 |
| 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 | $9,826,658 |