Form 990 for tax year 2023
Filed by ALBANY CENTER FOR ECONOMIC SUCCESS INC.
Totals
- Total revenue
- $489,917
- Total expenses
- $165,016
- Contributions and grants received
- $214,495
- Grants paid
- $0
- Program service revenue
- $102,152
- Investment income
- $173,270
- Other revenue
- $0
- Total assets, end of year
- $923,127
- Total liabilities, end of year
- $143,455
- Net assets or fund balances, end of year
- $779,672
- Program services expenses (Part IX)
- $147,016
- Management and general expenses
- $18,000
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $147,016
Program services were 89.1% 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.
-
1f · All other contributions, gifts and grants
$214,495
-
2a · Program service revenue: RENTAL INCOME
total $91,545 · related or exempt $91,545
-
2b · Program service revenue: TRAINING/OTHER INCOME
total $9,579 · related or exempt $9,579
-
2c · Program service revenue: OTHER
total $1,028 · related or exempt $1,028
-
7a · Gross sales of assets other than inventory
other assets $180,000
-
7b · Less cost or other basis and sales expenses
other assets $6,730
-
7c · Gain or loss
other assets $173,270
-
7d · Net gain or loss
total $173,270 · related or exempt $173,270
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $18,000 · management and general $18,000
-
11c · Fees: accounting
total $4,940 · program services $4,940
-
11g · Fees: other
total $15,250 · program services $15,250
-
13 · Office expenses
total $773 · program services $773
-
16 · Occupancy
total $77,724 · program services $77,724
-
19 · Conferences, conventions and meetings
total $1,087 · program services $1,087
-
22 · Depreciation, depletion and amortization
total $30,076 · program services $30,076
-
23 · Insurance
total $12,204 · program services $12,204
-
24a · Other expenses: MISCELLANEOUS
total $2,592 · program services $2,592
-
24b · Other expenses: EQUIPMENT RENTAL
total $2,370 · program services $2,370
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $75,012 · end of year $61,406
-
2 · Savings and temporary cash investments
beginning of year $3,525 · end of year $478,518
-
3 · Pledges and grants receivable
beginning of year $27,855 · end of year $19,000
-
4 · Accounts receivable
end of year $6,344
-
9 · Prepaid expenses and deferred charges
beginning of year $11,350 · end of year $4,152
-
10a · Land, buildings and equipment: cost or other basis
$859,544
-
10b · Land, buildings and equipment: accumulated depreciation
$505,837
-
10c · Land, buildings and equipment, net
beginning of year $392,035 · end of year $353,707
-
17 · Accounts payable and accrued expenses
beginning of year $55,006 · end of year $132,239
-
19 · Deferred revenue
end of year $11,216
-
27 · Net assets without donor restrictions
beginning of year $454,771 · end of year $779,672
Mission and programs · 2023
Mission
ACQUIRE, DEVELOP AND OPERATE A FACILITY WHICH FUNCTIONS AS A SMALL BUSINESS INCUBATOR AND PROVIDE OTHER TRAINING AND TECHNICAL ASSISTANCE FOR MINORITIES, WOMEN AND OTHER DISADVANTAGED SMALL BUSINESS OWNERS IN THE CAPITAL REGION OF NY STATE.
Activities or mission (Part I)
TO ACQUIRE, DEVELOP AND OPERATE FACILITIES WHICH WILL FUNCTION AS SMALL BUSINESS INCUBATORS FOR MINORITIES, WOMEN AND OTHER DISADVANTAGED SMALL BUSINESS OWNERS IN THE CAPITAL REGION OF NEW YORK STATE.
-
ACQUIRE, DEVELOP AND OPERATE A FACILITY WHICH FUNCTIONS AS A SMALL BUSINESS INCUBATOR AND PROVIDE OTHER TRAINING AND TECHNICAL ASSISTANCE FOR MINORITIES, WOMEN AND OTHER DISADVANTAGEDD SMALL BUSINESS OWNERS IN THE CAPITAL REGION OF NY STATE.
Expenses $147,016
-
N/A
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Milly DeaneMILLY DEANE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bob GreenBOB GREEN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Tina KellyTINA KELLY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Linda MacFarlaneLINDA MACFARLANE
EXECUTIVE DI
- Total calculated
- $0
-
Maria MarkovicsMARIA MARKOVICS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick MillerPATRICK MILLER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Ashley MohlASHLEY MOHL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kasir RasulKASIR RASUL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John StaugaitisJOHN STAUGAITIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 September 2024
- IRS schema version
- 2023v5.0
- Source object
- 202402629349301120
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