Accompany Capital Inc
- Assets
- $17.9m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 18
- Location
- New York, NY
- Founding
- 08/2009
- Data as of
- 09/2021
- EIN
- 81-0584343
Organization Overview
Accompany Capital Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 09/2021, Accompany Capital Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accompany 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 09/2021, Accompany Capital Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $4.6m during the year ending 09/2021. While expenses have increased by 18.5% per year over the past 6 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.
Since 2021, Accompany Capital Inc has awarded 18 individual grants totaling $1,749,775. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATE A PATHWAY TO PROSPERITY FOR NEW YORK AREA IMMIGRANT, REFUGEE, AND UNDERSERVED ENTREPRENEURS, THROUGH ACCESS TO AFFORDABLE CREDIT, FINANCIAL EDUCATION, TRAINING IN TECHNOLOGY, AND BEST BUSINESSES PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCOMPANY CAPITAL ASSISTED MICRO AND SMALL BUSINESS OWNERS TO ACCESS $13.5M IN COVID19 RELIEF IN THE FORM OF DEBT RELIEF, INTEREST RELIEF, GRANTS, AND LOW COST LOANSFROM THE SBA, NEW YORK STATE, NEW YORK CITY, CORPORATE, AND PRIVATE DONORS FOR COVID-19 RELIEF PROGRAMS. A TOTAL OF 6,204 HOURS OF SMALL GROUP TRAINING AND INDIVIDUALIZED ASSISTANCE TO 1,059 CLIENTS WERE ALSO PROVIDED IN FY 2021.
ACCOMPANY CAPITAL'S LOAN PROGRAM AWARDED 319 MICRO AND SMALL BUSINESS LOANS WITH AVALUE OF $7,219,523 TO IMMIGRANT, REFUGEE, AND WOMEN MICRO-ENTREPRENEURS. ACCOMPANY CAPITAL WORKED WITH CLIENTS FROM 63 COUNTRIES; 81% OF ALL LOANS WENT TO MINORITY ENTREPRENEURS AND 43% WERE GRANTED TO WOMEN; 21 NEW BUSINESSES WERE STARTED AND 669 BUSINESSES WERE EXPANDED OR STRENGTHENED. AS A RESULT, 29 FULL-TIME AND 60 PART-TIME JOBS WERE CREATED AND 1,380 JOBS WERE RETAINED, SUPPORTING THE ECONOMIC DEVELOPMENT OF COMMUNITIES THROUGHOUT THE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yanki Tshering Executive Dir. | Officer | 35 | $182,921 |
Leonid Ostrosvky Chief Lending Off. | 35 | $124,613 | |
Colleen Galvin Secretary | OfficerTrustee | 0.5 | $0 |
Kwame K Marfo Chair | OfficerTrustee | 1.25 | $0 |
Stan Kosyakovskiy CPA Treasurer | OfficerTrustee | 0.5 | $0 |
Dave Sidhu Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,091,442 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,629,055 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,720,497 |
| Total Program Service Revenue | $594,400 |
| Investment income | $417,059 |
| 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 | $6,735,687 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,839,706 |
| Grants and other assistance to domestic individuals. | $143,981 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $223,687 |
| Compensation of current officers, directors, key employees. | $55,921 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,073,579 |
| Pension plan accruals and contributions | $102,647 |
| Other employee benefits | $115,119 |
| Payroll taxes | $101,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,146 |
| Fees for services: Accounting | $152,586 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $325,537 |
| Advertising and promotion | $0 |
| Office expenses | $79,521 |
| Information technology | $23,160 |
| Royalties | $0 |
| Occupancy | $152,954 |
| Travel | $26,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $78,664 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,354 |
| Insurance | $12,384 |
| All other expenses | $9,071 |
| Total functional expenses | $4,615,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,195,010 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $616,268 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,934,481 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,688 |
| Net Land, buildings, and equipment | $7,842 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,415 |
| Total assets | $17,866,704 |
| Accounts payable and accrued expenses | $164,828 |
| Grants payable | $0 |
| Deferred revenue | $911,825 |
| 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 | $3,258,935 |
| Unsecured mortgages and notes payable | $4,642,057 |
| Other liabilities | $209,721 |
| Total liabilities | $9,187,366 |
| Net assets without donor restrictions | $7,587,030 |
| Net assets with donor restrictions | $1,092,308 |
| 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 | $17,866,704 |
Grants Awarded
Over the last fiscal year, Accompany Capital Inc has awarded $1,749,775 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Queens Small Business Cash Grants | $1,409,775 |
MOMO CRAVE LLC PURPOSE: Queens Small Business Cash Grants | $20,000 |
SIBECA CORPORATION PURPOSE: Queens Small Business Cash Grants | $20,000 |
USA LANKA INC PURPOSE: Queens Small Business Cash Grants | $20,000 |
PLAZA CAFE CORP PURPOSE: Queens Small Business Cash Grants | $20,000 |
REAL SPICE KITCHEN INC PURPOSE: Queens Small Business Cash Grants | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Accompany Capital Inc has recieved totaling $362,005.
| Awarding Organization | Amount |
|---|---|
Opportunity Finance Network Philadelphia, PA PURPOSE: OFNS SMALL BUSINESS GRANT PROGRAM FUNDED BY GOOGLE.ORG | $125,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $100,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $100,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $20,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $17,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Chinese-American Association Inc Brooklyn, NY | $16,442,074 | $13,631,534 |
Nationalities Service Center Of Philadelphia Philadelphia, PA | $6,008,905 | $13,342,474 |
Junta De Accion Puertorriquena Inc Puerto Rican Action Board Inc New Brunswick, NJ | $2,505,820 | $11,202,004 |
Lch Health And Community Services Kennett Square, PA | $6,724,367 | $8,909,074 |
Mid-Island Y Jewish Community Center Inc Plainview, NY | $9,808,281 | $10,961,733 |
Puerto Rican Org For Community Educational & Economic Development Elizabeth, NJ | $11,237,037 | $9,797,068 |
Rian Immigrant Center Inc Boston, MA | $3,539,791 | $6,977,812 |
Chinese Christian Herald Crusades Inc Flushing, NY | $34,224,401 | $8,882,723 |
Korean Community Services Of Metropolitan New York Inc Bayside, NY | $13,398,422 | $7,508,888 |
Hias And Council Migration Service Of Philadelphia Inc Philadelphia, PA | $6,751,198 | $6,830,316 |
Haitian Americans United For Progress Hollis, NY | $605,051 | $5,406,105 |
Connecticut Institute For Refugees And Immigrants Inc Bridgeport, CT | $3,814,184 | $6,185,902 |