2023-08-14T06:59:58-07:00 2022-09-30 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2021-10-01 810584343 Accompany Capital Inc ACCO 2128984112 11 Broadway Suite 1515 New York NY 10004 Yanki Tshering Executive Dir. 2023-08-14 true Yanki Tshering 999009999 Michael Schall P02024184 2122682804 3 AAL1 IAL1 FAL1 2021 2023-04-26 12:10:37Z Kwame K Marfo 11 Broadway Suite 1515 New York NY 10004 4662954 false X accompanycapital.org X 2002 NY 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. 11 11 18 28 0 5720497 4418809 594400 31570 417059 209424 3731 3151 6735687 4662954 1983687 160633 0 1616060 1836825 0 230089 1015415 1035187 4615162 3032645 2120525 1630309 17866704 18104193 9187366 7635968 8679338 10468225 Accompany Capital creates a pathway to prosperity for New York area immigrant, refugee, and underserved entrepreneurs, supporting them as they launch and growtheir businesses with access to affordable credit, financial education, training in technology, and best business practices. false false 1684298 31570 Access to CreditAccompany Capital's loan program awarded 204 new small business loans with a valueof $5,994,413 to immigrant, refugee, and women micro-entrepreneurs operatingbusinesses primarily in all five boroughs of New York City. 90% of all loans went to immigrant and refugee entrepreneurs and 55% were granted to women. We also helped entrepreneurs start 26 new businesses, and expand and strengthen 467 businesses. As a result, 141 jobs were created, and 831 jobs were retained, supporting the economic development of communities throughout the city.Business and Financial ManagementAccompany Capital provided 5,655 hours of small group training and individualizedassistance to 674 clients in FY 2022. A total of 46 webinars were offered on smallbusiness management, financial literacy, social media marketing, and homeownership,with a total of 756 participants. The Organization's staff assisted 563 businessesthrough business plan development, credit review and repair, cash flow analysis, andpreparing business loan applications. The Organization worked with clients from 55 countries in FY 2022. 467446 160633 Accompany Capital assisted micro and small business owners to access 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 5,655 hours of small group training and individualized assistance to 674 clients in FY22 in addition to 46 workshops presented to 756 attendees. 2151744 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 38 0 true 18 true false false false false false false false 0 false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true false false NY X Yanki Tshering 2128984112 11 Broadway Suite 1515 New York NY 10004 Yanki Tshering Executive Dir. 35.00 0.00 X 182921 0 30702 Leonid Ostrosvky Chief Lending Off. 35.00 0.00 124613 0 24871 Vishwanath M Dasma Senior Loan Off. 35.00 0.00 101933 0 20441 Kwame K Marfo Chair 2.00 0.00 X X 0 0 0 Stan Kosyakovskiy CPA Treasurer 0.50 0.00 X X 0 0 0 Colleen Galvin Secretary 0.50 0.00 X X 0 0 0 Kate Hao Director 0.30 0.00 X 0 0 0 Peter Brest Director 0.30 0.00 X 0 0 0 Michelle Danso Director 0.30 0.00 X 0 0 0 Tim Zhakselekov Director 1.00 0.00 X 0 0 0 Dave Sidhu Director 0.30 0.00 X 0 0 0 Carolina Simon Director 0.30 0.00 X 0 0 0 Larry Rubenstein Director 0.30 0.00 X 0 0 0 Joan Carty Director 0.30 0.00 X 0 0 0 409467 76014 3 false true false Zelin & Associates CPA LLC 555 8th Avenue Suite 2203 New York NY 10018 Financial services 109863 1 4160491 258318 4418809 Program Fees 900099 31570 31570 31570 209424 209424 0 0 0 0 0 0 0 Other Income 900099 3151 3151 3151 4662954 240994 3151 X 160633 160633 0 0 0 239996 59999 59999 119998 0 1240003 1129002 79114 31887 107151 97677 6803 2671 135017 117065 10268 7684 114658 93458 10398 10802 0 6848 6848 142228 142228 0 0 0 317640 178105 102650 36885 0 71024 23635 47389 21802 17771 1978 2053 0 192227 156685 17433 18109 55602 7193 48409 0 0 89304 85564 3740 0 1354 1354 28588 28588 Miscellaneous expenses 33576 6418 27158 Dues and Subscriptions 29098 15372 13726 Awards/Competition 20537 20537 Bank Charges and processing 13242 13242 12117 1813 10304 3032645 2151744 650812 230089 10195010 9930826 0 616268 1249105 0 0 0 6934481 6826813 0 42688 47978 9478 2990 7842 6488 0 0 0 0 70415 42983 17866704 18104193 164828 279246 911825 3258935 3379168 4642057 3760167 209721 217387 9187366 7635968 X 7587030 9854134 1092308 614091 8679338 10468225 17866704 18104193 X 1630309 158578 X false true X true true true X 2398383 3002793 3634928 5720497 4418809 19175410 0 0 2398383 3002793 3634928 5720497 4418809 19175410 1211844 17963566 304590 444480 511183 417059 209424 1886736 0 7495 13815 12266 3731 3151 40458 21102604 1009046 0.85120 0.80950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9478 2990 6488 6488 Wealf Payable 217387 217387 X 4662954 4662954 4662954 3032645 3032645 3032645 Part X : FIN48 Footnote The Organization does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending September 30, 2019 and later are subject to examination by applicable taxing authorities. X false false false false false false false false false Yanki Tshering Executive Dir. 165766 17155 18292 12410 213623 Form 990, Part VI, Line 11b: Form 990 Review Process Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The organization has a board approved conflict of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the executive director to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial statements are available upon request. Other Changes In Net Assets Or Fund Balances - Other Increases Change in assessment of allowance for doubtful accounts = $158578 Part III, Line 4a Supplemental Information Accompany Capital, Inc. provides: Loans for small businesses that range from $500 to $250,000Financial literacy and business management workshops Individualized coaching and technical assistance for micro-entrepreneursCredit repair services and credit building loans Home ownership training that connects clients with down payment assistance programs Incentivized savings program for refugees through Individual Development Accounts During FY 21, Accompany Capital, Inc:Awarded 319 micro and small business loans with a value of $7,219,523 to immigrant, refugee, and women micro-entrepreneurs. Eighty-one percent of loans went to minority entrepreneurs, with 43% granted to women. Helped entrepreneurs start 21 new businesses and expand and strengthen 669 businesses. 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 cityProvided a total of 33 workshops on small business management, financial literacy, social media marketing and home ownership, with a total of 731 participants. Provided 6,204 hours of small group training and individualized assistance to 1,059 clientsAssisted 680 businesses through business plan development, credit review and repair, cash flow analysis and preparing business loan applicationsAssisted micro and small business owners to access $13.5M in COVID-19 relief in the form of debt relief, interest relief, grants, and low cost loans from the SBA and New York State COVID-19 relief programsAccompany Capital, Inc. is certified as a Community Development Financial Institution (CDFI) by the US Department of the Treasury. The Organization is also certified as a Small Business Administration Intermediary Microlender and a Community Advantage Lender by the U. S. Small Business Administration (SBA).