Capital Access Project Inc in New Orleans, Louisiana (LA)

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Capital Access Project Inc
Employer Identification Number (EIN)721511893
Name of OrganizationCapital Access Project Inc
In Care of NameNorman David Roussell
Address2714 Canal St Ste 300, New Orleans, LA 70119-5550
SubsectionEducational Organization
Ruling Date08/2002
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2007
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$182,332
Amount of Income$316,321
Form 990 Revenue Amount$316,321
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Financial Counseling, Money Management


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Amount of income in 2007: $316,321
Capital Access Project Inc: 

 $316,321
Other organizations performing similar types of work: 

 $156,466

Assets in 2007: $182,332
Capital Access Project Inc: 

 $182,332
Other organizations performing similar types of work: 

 $45,042

Expenses in 2007: $167,283
This organization: 

 $167,283
Other organizations performing similar types of work: 

 $135,428

Income to expenses ratio in 2007: 1.9
This organization: 

 1.9
Other organizations performing similar types of work: 

 1.3

Expenses allocated to program services in 2007: 85.6%
Capital Access Project Inc: 

 85.6%
Other organizations performing similar types of work: 

 85.1%

Number of employees in 2007: 1
This organization: 

 1
Other organizations performing similar types of work: 

 7

Employees paid over $50,000 in 2007: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 5.6%

Grants share in income in 2007: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 90.6%

Financial snapshot ($)

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200420062007
Total revenue$47,873$97,500$316,321
Contributions, gifts, grants, and similar amounts received$7,500$97,500$316,321
Contributions to donor advised funds$0$0
Direct public support$0$0$316,321
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$16,487$0$0
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$0$0$0
Dividends and interest from securities$0$0$0
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0
Gross amount from sales of assets other than inventory$0$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$23,886$0$0
Total expenses$52,437$46,196$167,283
Program services$0$0$143,243
Management and general$0$0$24,040
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$-5,945$60,313$155,253
Excess or (deficit) for the year$-4,564$51,304$149,038
Net assets or fund balances at beginning of year$4,118$4,951$60,313
Other changes in net assets or fund balances$-5,499$4,058$-54,098
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$167,283$143,243$24,040$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$61,771$52,505$9,266$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$2,208$1,877$331$0
Payroll taxes$19,271$16,388$2,883$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$6,088$5,175$913$0
Telephone$7,096$3,548$3,548$0
Postage and shipping$320$272$48$0
Occupancy$23,355$19,852$3,503$0
Equipment rental and maintenance$2,039$1,533$506$0
Printing and publications$1,685$1,685$0$0
Travel$1,450$0$1,450$0
Conferences, conventions, and meetings$3,825$3,251$574$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$38,175$37,157$1,018$0
Balance Sheets
200420062007
Total assets$11,743$60,313$182,332
Cash - non-interest-bearing$0$0$172,864
Savings and temporary cash investments$0$0$0
Accounts receivable less allowance for doubtful accounts$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$9,458
Other assets, including program-related investments$0$0$0
Total liabilities$17,688$0$27,079
Accounts payable and accrued expenses$0$0$27,079
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$0
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$0$0$182,332
Total net assets or fund balances$-5,945$60,313$155,253
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200420062007
Total revenue$0$0$316,321
Total revenue, gains, and other support per audited financial statements$0$0$316,321
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200420062007
Total expenses$0$0$167,233
Total expenses and losses per audited financial statements$0$0$167,233
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
50$45,938$0$0
40$7,500$0$0
40$3,333$0$0
40$5,000$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20061
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?Yes
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
200320052006
Total$0$202,500$97,500
Gifts, grants, and contributions received$0$202,500$97,500
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Capital Access Project Inc2714 Canal St Ste 300, New Orleans, LA 70119-5550LA2002-08$316,321
2Louisiana Mortgage Lenders Foundation4884 Bluebonnet Blvd, Baton Rouge, LA 70809-9644LA2011-10$125,016
3Louisiana Financial Literacy Initiative - A Non-Profit Corporat2208 Dublin, New Orleans, LA 70118LA2012-01$75,400
4Louisiana Association Of Personal Financial Achievement, Achieve700 Main St Ste 117, Baton Rouge, LA 70802-5513LA2012-07$54,665
5Sulli Educational Services Inc3515 N Arnoult Rd, Metairie, LA 70002-3318LA2007-07$14,701
6Community Financial Resource Center1795 White St, Alexandria, LA 71301-6352LA2002-10$0
7Education-Ability-Respect Nexus Foundation Inc1620 S Range Ave, Denham Spgs, LA 70726-5202LA2007-02$0
8Exodus Community Development Enterprise Corp3401 Saint Claude Ave, New Orleans, LA 70117-6144LA2015-04$0
9Faithful Steward Ministries17317 Truth Dr, Baker, LA 70714-1513LA2008-02$0
10Healing Resource Center1805 Adams St, Monroe, LA 71201-7701LA2002-04$0
11High Calling Ministry1507 Glen Avenue, Shreveport, LA 71109LA2006-12$0
12Inner City Refuge Economic Development Corporation4725 Greenwood Rd, Shreveport, LA 71109-5617LA2007-10$0
13Integrity Homebuyers Association IncP O Box 518, Gonzales, LA 70707LA2005-01$0
14Integrity Plus Inc520 Snyder Street Suite 105, Tallulah, LA 71282LA2008-03$0
15Life Impact Center Inc5200 Hwy 22, Mandeville, LA 70471-2563LA2010-09$0
16Money Management Advocacy Council IconPobox 20215, Houma, LA 70360LA2002-06$0
17New Orleans Community Collaborative Inc4125 General Pershing St, New Orleans, LA 70125-3627LA2001-11$0
18Vision For Life Outreach Inc13518 Rampart Ct, Baton Rouge, LA 70810LA2007-08$0
19Womens Resource NetworkPost Office Box 2562, Hammond, LA 70404LA2007-09$0
20Yes For Assisting And Empowering Corporation18 Briarfield Drive, Marrero, LA 70072LA2013-05$0
Number of organizations performing similar types of work
Alaska1
Alabama15
Arkansas13
Arizona28
California156
Colorado14
Connecticut7
District of Columbia14
Delaware5
Florida119
Georgia76
Hawaii3
Iowa14
Idaho7
Illinois62
Indiana14
Kansas6
Kentucky6
Louisiana21
Massachusetts21
Maryland52
Maine4
Michigan33
Minnesota23
Missouri19
Mississippi10
Montana8
North Carolina46
North Dakota1
Nebraska5
New Hampshire2
New Jersey29
New Mexico6
Nevada12
New York51
Ohio36
Oklahoma9
Oregon22
Pennsylvania32
South Carolina21
South Dakota9
Tennessee25
Texas81
Utah11
Virginia34
Washington30
Wisconsin18
West Virginia3
Wyoming5
International1
Total1,240

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