H-Cap Inc
- Assets
- $1.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 13
- Location
- New York, NY
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 13-4240990
Organization Overview
H-Cap Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, H-Cap Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H-Cap Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, H-Cap Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $4.2m during the year ending 12/2022. While expenses have increased by 26.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE ORGANIZATION'S MISSION ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOR-MANAGEMENT PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Bustillo Executive Dir. | Officer | 35 | $191,951 |
Danielle Copeland Dir. Of Educ Innov | 35 | $136,229 | |
Rebecca Von Loewenfeldt Associate Director | 35 | $132,626 | |
Tamara Martial-Dolcy Sr. Mgr. Data&comm | 35 | $122,378 | |
Teresa Harkin Senior Prog. Mgr. | 35 | $110,097 | |
Deborah Schwartz Sr. Prgm. Mgr | 35 | $108,754 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anne Marie Wetmore Consulting | 12/30/22 | $155,176 |
Jake Mcclelland Consulting | 12/30/22 | $154,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $279,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,870,306 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,161,306 |
| Total Program Service Revenue | $266,004 |
| Investment income | $0 |
| 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 | $3,429,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $240,474 |
| Compensation of current officers, directors, key employees. | $4,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,253,408 |
| Pension plan accruals and contributions | $126,815 |
| Other employee benefits | $235,369 |
| Payroll taxes | $112,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,579 |
| Fees for services: Accounting | $54,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,897,546 |
| Advertising and promotion | $0 |
| Office expenses | $106,093 |
| Information technology | $22,394 |
| Royalties | $0 |
| Occupancy | $3,250 |
| Travel | $112,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,025 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,565 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,184,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,543 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $494,920 |
| Accounts receivable, net | $244,493 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $72,360 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,149,316 |
| Accounts payable and accrued expenses | $494,231 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $494,231 |
| Net assets without donor restrictions | $380,518 |
| Net assets with donor restrictions | $274,567 |
| 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 | $1,149,316 |