2022-08-08T12:18:50-07:00 2021-09-30 134036703 SCHALL & ASHENFARB CPAS LLC 307 FIFTH AVE 15TH FL NEW YORK NY 10016 990 2020-10-01 810584343 Accompany Capital Inc ACCO 2128984112 11 Broadway Suite 1515 New York NY 10004 Yanki Tshering Executive Dir. 2022-08-08 true Yanki Tshering 999009999 Michael Schall P02024184 2122682800 3 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z X Kwame K Marfo 11 Broadway Suite 1515 New York NY 10004 6735687 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 19 0 3634928 5720497 179598 594400 511183 417059 12266 3731 4337975 6735687 196165 1983687 0 1445323 1616060 0 220972 1984564 1015415 3626052 4615162 711923 2120525 14734074 17866704 8344287 9187366 6389787 8679338 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 2255574 1983687 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. 1495179 594400 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. 3750753 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 true true true false false false false false false false false false false false false false false false false false true 37 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 29838 Leonid Ostrosvky Chief Lending Off. 35.00 0.00 124613 0 23443 Kwame K Marfo Chair 1.25 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 0.30 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 0.50 0.00 X 0 0 0 Joan Carty Director 0.30 0.00 X 0 0 0 307534 53281 2 false true false 0 4091442 1629055 5720497 Program Fees 900099 594400 594400 594400 417059 417059 0 0 0 0 0 0 0 Other Income 900099 3731 3731 3731 6735687 1011459 3731 1839706 1839706 143981 143981 0 0 223687 55921 55921 111845 0 1073579 972720 73904 26955 102647 92521 7201 2925 115119 99515 9248 6356 101028 81399 9754 9875 0 6146 6146 152586 152586 0 0 0 325537 116811 162923 45803 0 79521 40025 39496 23160 18660 2237 2263 0 152954 123237 14767 14950 26426 4563 21863 0 0 78664 77914 750 0 1354 1354 12384 12384 Awards/Competition 67858 62000 5858 Miscellaneous expenses 49496 3189 46307 Dues and Subscriptions 20192 17237 2955 Bank Charges and processing 10066 10066 9071 9071 4615162 3750753 643437 220972 7030098 10195010 0 260414 616268 0 0 0 7383750 6934481 0 3264 42688 9478 1636 9196 7842 0 0 0 0 47352 70415 14734074 17866704 150043 164828 911825 3329634 3258935 4640362 4642057 224248 209721 8344287 9187366 X 6128242 7587030 261545 1092308 6389787 8679338 14734074 17866704 X 2120525 169026 X false true X true true true X 2248638 2398383 3002793 3634928 5720497 17005239 0 0 2248638 2398383 3002793 3634928 5720497 17005239 1625145 15380094 259471 304590 444480 511183 417059 1936783 0 19223 7495 13815 12266 3731 56530 18998552 1042007 0.80950 0.80260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9478 1636 7842 7842 Wealf Payable 209721 209721 X 6735687 6735687 6735687 4615162 4615162 4615162 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, 2018 and later are subject to examination by applicable taxing authorities. true Astoria Bier And Cheese Inc 3414 Broadway Astoria NY 11106 455399180 20000 0 Queens Small Business Cash Grants Cafe Bench Inc 19407 Northern Blvd Flushing NY 11358 275488488 20000 0 Queens Small Business Cash Grants Dhaka Inc 7010 Grand Ave Maspeth NY 11378 833890764 20000 0 Queens Small Business Cash Grants Friends Corner Cafe Inc 7417 Roosevelt Ave Jackson Heights NY 11372 455096440 20000 0 Queens Small Business Cash Grants Laliguras Restaurant Inc 3763A 76th Street Jackson Heights NY 11372 263347498 20000 0 Queens Small Business Cash Grants Momo Crave LLC 3720 81st Street Apt 2R Jackson Heights NY 11372 823586570 20000 0 Queens Small Business Cash Grants Pata Pa-Plean Corp 76-21 Woodside Ave Elmhurst NY 11373 454300322 20000 0 Queens Small Business Cash Grants Plaza Cafe Corp 118-33 Queens Blvd Forest Hills NY 11375 320472307 20000 0 Queens Small Business Cash Grants Rapawzel Grooming Services 3187 29th Street Astoria NY 11106 815092521 20000 0 Queens Small Business Cash Grants Real Spice Kitchen Inc 71-04 Grand Avenue Maspeth NY 11378 811283099 20000 0 Queens Small Business Cash Grants Sarajevo Fast Food Inc 3718 34th Ave LIC NY 11101 113631597 20000 0 Queens Small Business Cash Grants See attachment 11 Broadway Suite 1515 New York NY 10004 810584343 1409775 0 Queens Small Business Cash Grants Sibeca Corporation 40-19 Broadway Astoria NY 11103 113351479 20000 0 Queens Small Business Cash Grants Stray Vintage & More LLC 48-09 Skillman Ave Sunnyside NY 11104 753221343 20000 0 Queens Small Business Cash Grants Streeteatz LLC DBA La Vecina 30-66 Steinway Street Astoria NY 11103 821007554 20000 0 Queens Small Business Cash Grants Tung Thong Inc 7204 Forest Ave Ridgewood NY 11385 823831300 20000 0 Queens Small Business Cash Grants USA Lanka Inc 8801 182nd Place Jamaica NY 11423 273265051 20000 0 Queens Small Business Cash Grants Zebra H2O Corp 79-17 Rossevelt Ave Jackson Heights NY 11372 464607274 20000 0 Queens Small Business Cash Grants 0 91 Small Business Cash Grants 17 76732 Debt Relief Grants 21 35246 Grantmaker's Description of How Grants are Used Grants to small businesses were contributed by funders to provide debt, rent, or interest relief. Personal information, demographic data, and proof of receipt of all grants were required to be recorded and reported. In the case of one program, surveys on the impact of the grant were conducted in 30, 60, and 90 days. X false false false false false false false false false Yanki Tshering Executive Dir. 165766 17155 17669 12169 212759 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 = $169026 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).