Nonprofit · EIN 99-2554318
CENTER FOR ACCELERATING FINANCIAL EQUITY INC
Tax-exempt · NEWARK, DE 19713
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $188,250 | $492,888 | -$304,638 | $534,264 | $742 | $533,522 |
| December 31, 2024 | 990 | $910,345 | $72,185 | $838,160 | $840,757 | $2,597 | $838,160 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $184,480
- Program service revenue
- $3,134
- Investment income
- $636
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $200,004
- Salaries, compensation and benefits (total)
- $200,004
- Professional fundraising fees
- $0
- Accounting fees
- $18,400
- Travel
- $38,324
- Program services (functional)
- $197,939
- Management and general (functional)
- $136,012
- Fundraising (functional)
- $158,937
Balance sheet and other
- Total assets, start of year
- $840,757
- Total assets, end of year
- $534,264
- Total liabilities, end of year
- $742
- Net assets, end of year
- $533,522
- Net assets without donor restrictions
- $533,522
- Gross receipts
- $188,250
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2024
- State of legal domicile
- DE
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTEN CASTELL | MANAGING DIRECTOR Trustee or director, Officer | 40 | $200,004 |
| J MICHAEL BOWMAN | CHAIR Trustee or director, Officer | 1 | $0 |
| TRACY SHICKEL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| AMY WALLS | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTEN CASTELL | MANAGING DIRECTOR Trustee or director, Officer | 40 | $50,001 |
| J MICHAEL BOWMAN | CHAIR Trustee or director, Officer | 1 | $0 |
| TRACY SHICKEL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| AMY WALLS | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 591 COLLABORATION WAY, NEWARK, DE 19713-5500
- In care of
- % MATTHEW MUEHLBACH
- Principal officer (990 for 2025)
- KRISTEN CASTELL, 591 COLLABORATION WAY, NEWARK, DE 19713
- Signed the 990
- KRISTEN CASTELL, MANAGING DIRECTOR
- Phone
- (302) 452-1100
- Website
- FTCAFE.ORG
- Return prepared by
- BELFINT LYONS & SHUMAN PA
Mission
CAFE ADVANCES FINANCIAL HEALTH AND WELLNESS FOR LOW- TO MODERATE-INCOME (LMI) INDIVIDUALS BY SUPPORTING FINTECH INNOVATION AND PARTNERSHIPS. THROUGH OUR FLAGSHIP CAFE FINTECH ACCELERATOR AND STRATEGIC INITIATIVES, WE EMPOWER TECHNOLOGY SOLUTIONS AND COMPANIES THAT UPLIFT FINANCIAL WELL-BEING, UNLOCK MARKET POTENTIAL, AND HELP TO BUILD A FINANCIAL SYSTEM THAT EMPOWERS INDIVIDUALS AND COMMUNITIES TO THRIVE.
Program accomplishments
- CAFE HAS A MISSION TO ADVANCE FINANCIAL WELLNESS FOR LOW- TO MODERATE- INCOME (LMI) PEOPLE THROUGH SUPPORTING FINTECH INNOVATION AND PARTNERSHIPS.SUPPORTING TECHNOLOGY STARTUPS - CAFE DELIVERED ACCELERATOR AND ECOSYSTEM PROGRAMMING DESIGNED TO CONNECT FINTECH STARTUPS WITH FINANCIAL INSTITUTIONS, INDUSTRY LEADERS, AND INVESTORS. THESE PROGRAMS HELP EARLY-STAGE COMPANIES REFINE THEIR SOLUTIONS, ACCESS POTENTIAL CUSTOMERS, AND SCALE TECHNOLOGIES THAT IMPROVE FINANCIAL OUTCOMES FOR LMI INDIVIDUALS. CAFE RECENTLY LAUNCHED A FOUNDERS CIRCLE PROGRAM FOR EARLIER STAGE COMPANIES AND HAS AN ALUMNI NETWORK TO CONTINUE SUPPORTING STARTUP COMPANIES FOR THEIR FULL JOURNEYS AS THEY GROW THEIR BUSINESSES AND IMPACT. IN 2025, CAFE SUPPORTED 18 ADDITIONAL COMPANIES, FOR A TOTAL OF 30 COMPANIES SUPPORTED THAT HAVE PRODUCTS IN MARKET ESTIMATED TO REACH 16.7M PEOPLE.THOUGHT LEADERSHIP AND INDUSTRY ENGAGEMENT - CAFE LED INITIATIVES TO INCREASE AWARENESS AND UNDERSTANDING OF THE FINANCIAL CHALLENGES FACING LMI POPULATIONS. THROUGH CONVENINGS, PARTNERSHIPS, AND CONTENT, CAFE PROMOTED THE ADOPTION OF INNOVATIVE FINANCIAL SOLUTIONS AND STRENGTHENED COLLABORATION ACROSS THE FINANCIAL SERVICES ECOSYSTEM. CAFE HOSTED MULTIPLE EVENTS AND A CONFERENCE TO BRING TOGETHER THE COMMUNITY BUILDING THE FUTURE OF FINANCIAL SERVICES THAT WORK BETTER FOR LMI PEOPLE.Expenses $197,939 · revenue $3,134
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-2554318
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $534,264
- Income (IRS master file)
- $188,250
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $188,250 | $492,888 | $534,264 | IRS |
| 990 | December 2024 | $910,345 | $72,185 | $840,757 | XML |
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 99-2554318).
Questions about CENTER FOR ACCELERATING FINANCIAL EQUITY INC
- What is the EIN of CENTER FOR ACCELERATING FINANCIAL EQUITY INC?
- The employer identification number (EIN) of CENTER FOR ACCELERATING FINANCIAL EQUITY INC is 99-2554318.
- Is CENTER FOR ACCELERATING FINANCIAL EQUITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to CENTER FOR ACCELERATING FINANCIAL EQUITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTER FOR ACCELERATING FINANCIAL EQUITY 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 CENTER FOR ACCELERATING FINANCIAL EQUITY INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTER FOR ACCELERATING FINANCIAL EQUITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CENTER FOR ACCELERATING FINANCIAL EQUITY INC?
- The 990 for the year ended December 31, 2025 names KRISTEN CASTELL.
- Who are the officers and directors of CENTER FOR ACCELERATING FINANCIAL EQUITY INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $200,004 (KRISTEN CASTELL, MANAGING DIRECTOR).
- How much revenue does CENTER FOR ACCELERATING FINANCIAL EQUITY INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $188,250, expenses of $492,888 and total assets of $534,264 at year end.
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All nonprofits in NEWARK · Delaware · Community improvement and capacity building