True Access Capital Corporation
Donations deductibleRevenue
$4.6m
year to 31 December 2024
Expenses
$3.8m
year to 31 December 2024
Total assets
$25.6m
$14.1m liabilities
Net assets
$11.5m
assets less liabilities
Directors and trustees
13
5.5 years on average
Staff
17
employees, year to 31 December 2024
Chair observed
≥5 yrs
Paul B Hughes III
Left since last filing
0
no seats appear to have opened
True Access Capital Corporation's network
13 people4 organisationsi13 people and 4 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (13). Violet dotted lines (4) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
13 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 13 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Paul B Hughes III Chair | Chair | 2019 | 7 yrs |
| Barry L Lott | Board Member | 2020 | 6 yrs |
| Derrick Robinson | Board Member | 2023 | 3 yrs |
| Emanuel V Deshields | Board Member | 2020 | 6 yrs |
| Judith M Scarborough CPA CVA CFF | Vice Chair | 2020 | 6 yrs |
| Justin Poser | Board Member | 2023 | 3 yrs |
| Pedro Viera JR | Board Member | 2019 | 7 yrs |
| Rachael Mears | Treasurer | 2019 | 7 yrs |
| Rafael Zahralddin | Board Member | 2023 | 3 yrs |
| Robert Gunter | Board Member | 2020 | 6 yrs |
| Ron Kimbrough | Board Member | 2023 | 3 yrs |
| Sheryl Scanlon EDD | Board Member | 2020 | 6 yrs |
| Tanya Williamson | Board Member | 2023 | 3 yrs |
Officers and senior leadership
2 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Lorenzo Merino | SVP, Director of Lending | since 2022 |
| Vandell Hampton JR | President & CEO | since 2019 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Vandell Hampton Jr | President & CEO | 37.5 | $185k | $21k | |
| Lorenzo Merino | SVP, Director of Lending | 37.5 | $123k | $8k | |
| Paul B Hughes III | Chair | 1 | $0 | ||
| Rachael Mears | Treasurer | 1 | $0 | ||
| Pedro Viera Jr | Board Member | 1 | $0 | ||
| Judith M Scarborough CPA Cva CFF | Vice Chair | 1 | $0 | ||
| Sheryl Scanlon Edd | Board Member | 1 | $0 | ||
| Emanuel V Deshields | Board Member | 1 | $0 | ||
| Robert Gunter | Board Member | 1 | $0 | ||
| Barry L Lott | Board Member | 1 | $0 | ||
| Ron Kimbrough | Board Member | 1 | $0 | ||
| Derrick Robinson | Board Member | 1 | $0 | ||
| Justin Poser | Board Member | 1 | $0 | ||
| Tanya Williamson | Board Member | 1 | $0 | ||
| Rafael Zahralddin | Board Member | 1 | $0 |
About
- Legal name
- True Access Capital Corporation
- EIN
- 510345258
- Address
- 100 West 10th St, Wilmington, DE, 19801-6603
- State
- Delaware
- Mission
- Building a thriving community by empowering a diverse base of entrepreneurs and businesses through access to capital, education, advocacy and opportunity. (as filed on the Form 990)
- Activity (NTEE)
- W60Z Public and societal benefit
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Public & Societal Benefit
- Size band
- 8 (IRS master file code)
- Formed
- 1992
- Principal officer
- Vandell Hampton Jr (as named on the Form 990)
- IRS ruling date
- 1 March 1993
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥7years on the filingsPaul B Hughes III
≥7years on the filingsPedro Viera JR
≥7years on the filingsRachael Mears
≥6years on the filingsBarry L Lott
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $25.6m
- Total liabilities
- $14.1m
- Net assets or fund balances
- $11.5m
- Contributions and grants received
- $2.6m
- Program service revenue
- $1.9m
- Grants and similar paid out
- $150k
- Employees
- 17
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $4.6m | $3.8m | $847k |
As filed on the IRS Form 990. US dollars.
Grants paid
8 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| The Vision Campus | West corridor grant | $0 |
| Bueno Properties | Cdfi erp grant | $0 |
| Dg Brands | Cdfi erp grant | $0 |
| Nerdit Now | Empowerment fund | $0 |
| Godspeed Transport | Empowerment fund | $0 |
| The Mill | Empowerment fund | $0 |
| La Bella | Her business plan | $0 |
| 1035 Lancaster Grant | West corridor grant | $0 |