Nonprofit · EIN 58-1496388
SMALL BUSINESS ACCESS PARTNERS INC
Also known as ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · GAINESVILLE, GA 30501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,790,282 | $1,536,079 | $254,203 | $5,771,557 | $2,291,533 | $3,480,024 |
| September 30, 2024 | 990 | $1,651,181 | $1,369,748 | $281,433 | $5,534,552 | $2,308,731 | $3,225,821 |
| September 30, 2023 | 990 | $1,238,565 | $1,240,213 | -$1,648 | $5,248,236 | $2,303,848 | $2,944,388 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,751,319
- Investment income
- $38,963
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $212,993
- Other salaries and wages
- $736,346
- Salaries, compensation and benefits (total)
- $1,202,234
- Professional fundraising fees
- $0
- Occupancy
- $21,507
- Travel
- $72,053
- Depreciation
- $15,569
- Program services (functional)
- $1,283,287
- Management and general (functional)
- $252,792
Balance sheet and other
- Total assets, start of year
- $5,534,552
- Total assets, end of year
- $5,771,557
- Total liabilities, end of year
- $2,291,533
- Net assets, end of year
- $3,480,024
- Land, buildings and equipment
- $162,096
- Net assets without donor restrictions
- $1,502,119
- Net assets with donor restrictions
- $1,977,905
- Gross receipts
- $1,790,282
- Employees
- 6
- Volunteers
- 0
- Year formed
- 1982
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MELINDA COKER | STAFF, SENIOR VP Highest-paid employee | 40 | $250,209 | $10,291 |
| LORRA LEE | STAFF, PRESIDENT Officer | 40 | $212,993 | $10,501 |
| KEVIN THURMOND | STAFF, VP Highest-paid employee | 40 | $173,110 | $7,140 |
| MATTHEW SCHROEDER | STAFF, VP Highest-paid employee | 40 | $173,110 | $7,140 |
| J FRAYNE BENTLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS BRAUN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| GEORGE EVANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF FORRESTALL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JB JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NOBLE JONES | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ALLEN JORGENSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL TESLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICK WOOD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MELINDA COKER | STAFF, SENIOR VP Highest-paid employee | 40 | $228,894 | $42,510 |
| LORRA LEE | STAFF, PRESIDENT Officer | 40 | $189,268 | $40,139 |
| KEVIN THURMOND | STAFF, VP Highest-paid employee | 40 | $151,614 | $36,326 |
| MATTHEW SCHROEDER | STAFF, VP Highest-paid employee | 40 | $151,496 | $32,780 |
| J FRAYNE BENTLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS BRAUN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| GEORGE EVANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT H EVANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF FORRESTALL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JB JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NOBLE JONES | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ALLEN JORGENSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL TESLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICK WOOD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MELINDA COKER | STAFF, SENIOR VP Highest-paid employee | 40 | $195,936 | $39,965 |
| LORRA LEE | STAFF, PRESIDENT Trustee or director, Officer | 40 | $182,000 | $38,998 |
| J FRAYNE BENTLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS BRAUN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| GEORGE EVANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT H EVANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF FORRESTALL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JB JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NOBLE JONES | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ALLEN JORGENSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL TESLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICK WOOD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 460 S ENOTA DR NE, GAINESVILLE, GA 30501-2548
- Principal officer (990 for 2024)
- LORRA LEE, 460 SOUTH ENOTA DRIVE, GAINESVILLE, GA 30501
- Signed the 990
- LORRA LEE, PRESIDENT
- Phone
- (770) 536-7839
- Website
- WWW.SBAPLOANS.COM
- Return prepared by
- WL ADVISORS LLC
Mission
THE MISSION OF THE ORGANIZATION IS TO SOLICIT, UNDER-WRITE, FACILITATE AND SERVICE LOAN PROGRAMS UNDER THE SMALL BUSINESS ADMINISTRATION AND UNITED STATES DEPARTMENT OF AGRICULTURE SMALL BUSINESS LOAN PROGRAMS.
Program accomplishments
- U.S. DEPARTMENT OF AGRICULTURE LOAN PROGRAM MAKES LOANS TO QUALIFYING BORROWERS TO ASSIST WITH CAPITAL FORMATION AND JOB CREATIONExpenses $69,720 · revenue $172,321
- SMALL BUSINESS ADMINISTRATION ISSUED DEBENTURES AND LOANS TO QUALIFYING BORROWERS AS PART OF THE SBA 504 PROGRAMExpenses $1,213,567 · revenue $1,578,998
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 58-1496388
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,771,557
- Income (IRS master file)
- $1,790,282
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,790,282 | $1,536,079 | $5,771,557 | XML |
| 990 | September 2024 | $1,651,181 | $1,369,748 | $5,534,552 | XML |
| 990 | September 2023 | $1,238,565 | $1,240,213 | $5,248,236 | XML |
| 990 | September 2022 | $1,254,670 | $1,206,224 | $5,230,470 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1496388).
Questions about SMALL BUSINESS ACCESS PARTNERS INC
- What is the EIN of SMALL BUSINESS ACCESS PARTNERS INC?
- The employer identification number (EIN) of SMALL BUSINESS ACCESS PARTNERS INC is 58-1496388.
- Is SMALL BUSINESS ACCESS PARTNERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to SMALL BUSINESS ACCESS PARTNERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SMALL BUSINESS ACCESS PARTNERS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SMALL BUSINESS ACCESS PARTNERS INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SMALL BUSINESS ACCESS PARTNERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SMALL BUSINESS ACCESS PARTNERS INC?
- The 990 for the year ended September 30, 2025 names LORRA LEE.
- Who are the officers and directors of SMALL BUSINESS ACCESS PARTNERS INC?
- The 990 for the year ended September 30, 2025 lists 13 people; 4 received compensation from the organization, the highest $250,209 (MELINDA COKER, STAFF, SENIOR VP).
- How much revenue does SMALL BUSINESS ACCESS PARTNERS INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,790,282, expenses of $1,536,079 and total assets of $5,771,557 at year end.
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