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← ACCOMPANY CAPITAL INC

Form 990 for tax year 2023

Filed by ACCOMPANY CAPITAL INC.

Totals

Total revenue
$7,088,917
Total expenses
$4,796,698
Contributions and grants received
$5,742,813
Grants paid
$1,255,253
Program service revenue
$1,235,474
Investment income
$110,630
Other revenue
$0
Total assets, end of year
$21,627,479
Total liabilities, end of year
$9,398,107
Net assets or fund balances, end of year
$12,229,372
Program services expenses (Part IX)
$3,611,952
Management and general expenses
$938,615
Fundraising expenses
$246,131
Program service expenses (Part III)
$3,611,952

Program services were 75.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $5,180,619

  • 1f · All other contributions, gifts and grants

    $562,194

  • 2a · Program service revenue: INTEREST INCOME FROM P

    total $775,054 · related or exempt $775,054

  • 2b · Program service revenue: PROGRAM FEES

    total $460,420 · related or exempt $460,420

  • 3 · Investment income

    total $110,630 · excluded $110,630

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $263,128 · program services $263,128

  • 2 · Grants to domestic individuals

    total $992,125 · program services $992,125

  • 5 · Compensation of officers, directors and key employees

    total $235,157 · program services $58,789 · management and general $58,789 · fundraising $117,579

  • 7 · Other salaries and wages

    total $1,466,433 · program services $1,284,947 · management and general $136,979 · fundraising $44,507

  • 8 · Pension plan contributions

    total $119,369 · program services $106,651 · management and general $10,636 · fundraising $2,082

  • 9 · Other employee benefits

    total $171,827 · program services $145,567 · management and general $17,299 · fundraising $8,961

  • 10 · Payroll taxes

    total $130,679 · program services $104,656 · management and general $14,670 · fundraising $11,353

  • 11b · Fees: legal

    total $5,104 · management and general $5,104

  • 11c · Fees: accounting

    total $173,298 · management and general $173,298

  • 11d · Fees: lobbying

    total $78,000 · management and general $78,000

  • 11g · Fees: other

    total $456,664 · program services $173,060 · management and general $266,128 · fundraising $17,476

  • 12 · Advertising and promotion

    total $5,864 · program services $3,650 · management and general $2,214

  • 13 · Office expenses

    total $154,089 · program services $85,810 · management and general $41,352 · fundraising $26,927

  • 14 · Information technology

    total $37,830 · program services $37,830

  • 16 · Occupancy

    total $202,819 · program services $161,422 · management and general $24,269 · fundraising $17,128

  • 17 · Travel

    total $146,921 · program services $63,887 · management and general $83,034

  • 20 · Interest

    total $113,546 · program services $113,546

  • 22 · Depreciation, depletion and amortization

    total $1,354 · program services $1,084 · management and general $152 · fundraising $118

  • 23 · Insurance

    total $34,557 · program services $15,000 · management and general $19,557

  • 24a · Other expenses: CREDIT REPORTS

    total $6,882 · program services $694 · management and general $6,188

  • 24b · Other expenses: ADMINISTRATIVE EXPENSES

    total $1,052 · program services $106 · management and general $946

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,049,380 · end of year $5,546,166

  • 2 · Savings and temporary cash investments

    beginning of year $2,129,016 · end of year $2,198,326

  • 3 · Pledges and grants receivable

    beginning of year $1,133,928 · end of year $659,886

  • 9 · Prepaid expenses and deferred charges

    beginning of year $86,041 · end of year $62,961

  • 10a · Land, buildings and equipment: cost or other basis

    $9,478

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,698

  • 10c · Land, buildings and equipment, net

    beginning of year $5,134 · end of year $3,780

  • 13 · Investments: program-related

    beginning of year $8,400,385 · end of year $12,800,612

  • 15 · Other assets

    beginning of year $300,020 · end of year $355,748

  • 17 · Accounts payable and accrued expenses

    beginning of year $310,451 · end of year $318,486

  • 18 · Grants payable

    beginning of year $306,060 · end of year $1,570,922

  • 23 · Secured mortgages and notes payable

    beginning of year $2,751,149 · end of year $2,113,861

  • 24 · Unsecured notes and loans payable

    beginning of year $3,760,167 · end of year $4,800,000

  • 25 · Other liabilities

    beginning of year $548,677 · end of year $594,838

  • 27 · Net assets without donor restrictions

    beginning of year $9,902,921 · end of year $11,454,892

  • 28 · Net assets with donor restrictions

    beginning of year $524,479 · end of year $774,480

Mission and programs · 2023

Mission

TO 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 BUSINESS PRACTICES.

  • ACCOMPANY CAPITAL ASSISTED MICRO AND SMALL BUSINESS OWNERS TO ACCESS 201 LOANS FOR A TOTAL OF $11,793,317 IN FY 2024.

    Expenses $2,720,536 · Grants $730,773 · Revenue $1,235,474

  • A TOTAL OF 5,798 HOURS OF TRAINING AND COUNSELING WAS PROVIDED TO 956 CLIENTS IN ADDITION TO 39 WORKSHOPS FOR A TOTAL OF 95.5 HOURS PRESENTED TO 1,798 ATTENDEES, IN FY 2024.

    Expenses $881,716 · Grants $514,780

  • GENERAL SUPPORT TO OTHER ORGANIZATIONS

    Expenses $9,700 · Grants $9,700

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KWAME MARFO

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • TIM ZHAKSELEKOV

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE DANSO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • PETER BREAST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOAN CARTY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATE HAO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VICTORIA KHODOSH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURENCE RUBENSTEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVE SIDHU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CAROLINA SIMON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • YANKI TSHERING

    EXECUTIVE DIRECTOR

    Total calculated
    $218,623
    From this org
    $186,102
    From related orgs
    $0
    Other
    $32,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,102
    Bonus
    $0
    Other
    $0
    Deferred
    $18,610
    Nontaxable benefits
    $13,911
    Filer's total
    $218,623

  • MARIA PAULINO

    LOAN OFFICER

    Total calculated
    $110,449
    From this org
    $100,408
    From related orgs
    $0
    Other
    $10,041
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202532269349301808

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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