Greenwood Archer Capital Inc
- Assets
- $10.1m
- Revenue
- $2.4m
- Investments
- $154.3k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/2014
- Data as of
- 06/2022
- 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 06/2022, Greenwood Archer Capital Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 21.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GREENWOOD ARCHER CAPITAL INTENDS TO LEND OUR KNOWLEDGE AND CAPITAL TO (CONTINUED ON SCH. O)(CONTINUED FROM PART I, LINE 1) REVERSE THE IMPACT OF INSTITUTIONAL RACISM; GROW INDEPENDENT VIBRANT BLACK COMMUNITIES; AND CREATE AN ENVIRONMENT LED BY PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREENWOOD ARCHER CAPITAL: PROVIDES SMALL BUSINESSES WITH MICROLOANS AND DEVELOPMENT SERVICES THAT CREATE NEW AND/OR HIGHER PAYING EMPLOYMENT OPPORTUNITIES, SAVE EXISTING JOBS, AND INCREASE HOUSEHOLD INCOMES IN UNDERSERVED NEIGHBORHOODS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eva Brown Chair | OfficerTrustee | 1 | $0 |
Willard Payton Vice-Chair | OfficerTrustee | 1 | $0 |
Louis V Leonardi III Secretary | OfficerTrustee | 1 | $0 |
Erica Mcpherson President | Officer | 40 | $0 |
Annette Washington Director Of Finance, Cni | Officer | 2 | $0 |
Jennifer Bransfield General Counsel, Cni | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,422,683 |
| All other contributions, gifts, grants, and similar amounts not included above | $798,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,220,733 |
| Total Program Service Revenue | $35,956 |
| Investment income | $91,084 |
| 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 | $2,352,248 |
| 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 | $170,142 |
| Other salaries and wages | $240,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,432 |
| Payroll taxes | $33,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,573 |
| Fees for services: Accounting | $17,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $37,200 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $167,810 |
| Advertising and promotion | $45,782 |
| Office expenses | $15,112 |
| Information technology | $4,708 |
| Royalties | $0 |
| Occupancy | $7,360 |
| Travel | $1,343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,849 |
| Insurance | $4,748 |
| All other expenses | $0 |
| Total functional expenses | $1,207,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $913,186 |
| Savings and temporary cash investments | $6,874,423 |
| Pledges and grants receivable | $86,113 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,077,415 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,450 |
| Net Land, buildings, and equipment | $3,208 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $154,285 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,694 |
| Total assets | $10,119,774 |
| Accounts payable and accrued expenses | $35,975 |
| 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 | $723,055 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $89,879 |
| Total liabilities | $848,909 |
| Net assets without donor restrictions | $5,229,357 |
| Net assets with donor restrictions | $4,041,508 |
| 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 | $10,119,774 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Greenwood Archer Capital Inc has recieved totaling $62,005.
| Awarding Organization | Amount |
|---|---|
Fifth Third Bank Chicagoland Foundation Rosemont, IL PURPOSE: COMMUNITY | $25,000 |
Fifth Third Bank Chicagoland Foundation Rosemont, IL PURPOSE: COMMUNITY | $25,000 |
Greater Green Bay Community Foundation Inc Green Bay, WI PURPOSE: COMMUNITY AND NEIGHBORHOOD IMPROVEMENT PROGRAM SUPPORT | $12,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Embarras River Basin Agency Inc Greenup, IL | $2,961,671 | $18,793,359 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Tri-County Opportunities Council Rock Falls, IL | $4,101,390 | $18,238,868 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |
Inner-City Muslim Action Network Chicago, IL | $22,441,569 | $25,574,850 |
Will County Center For Community Concerns Inc Joliet, IL | $2,259,108 | $13,384,526 |