Accompany Capital Inc

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.

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)Compensation
Yanki Tshering
Executive Dir.
$182,921
Leonid Ostrosvky
Chief Lending Off.
$124,613
Colleen Galvin
Secretary
$0
Kwame K Marfo
Chair
$0
Stan Kosyakovskiy CPA
Treasurer
$0
Kate Hao
Director
$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

Grants Awarded

Over the last fiscal year, Accompany Capital Inc has awarded $1,749,775 in support to 18 organizations.

Grant RecipientAmount

New York, NY

PURPOSE: Queens Small Business Cash Grants

$1,409,775

CAFE BENCH INC

PURPOSE: Queens Small Business Cash Grants

$20,000

FRIENDS CORNER CAFE INC

PURPOSE: Queens Small Business Cash Grants

$20,000

LALIGURAS RESTAURANT INC

PURPOSE: Queens Small Business Cash Grants

$20,000

ASTORIA BIER AND CHEESE INC

PURPOSE: Queens Small Business Cash Grants

$20,000

DHAKA INC

PURPOSE: Queens Small Business Cash Grants

$20,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Accompany Capital Inc has recieved totaling $362,005.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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