1. Directory
  2. New York
  3. Albany
  4. Capitalize Albany Corporation
EIN 22-2353905

Capitalize Albany Corporation

IRS 501(c) type
501(c)(3)
Num. employees
9
City
Albany
State
New York
Year formed
1979
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Capitalize Albany Corporation facilitates strategic economic development and stimulates transformative investment throughout the city of Albany, making New York's capital a vibrant place to thrive. Services provided by CAC include managing the city of Albany industrial development agency and city of Albany capital resources corporation, among other things.
Total revenues
$4,760,117
2022
Total expenses
$2,103,302
2022
Total assets
$22,590,414
2022
Num. employees
9
2022

Program areas at Capitalize Albany Corporation

Capitalize Albany Corporation (cac) provides economic development services in the city of Albany, which include among other things: (1) the management of the city of Albany industrial development agency and city of Albany capital resources Corporation (2) the administration of small business grant programs on behalf of the city of Albany and (3) the development and implementation of strategic economic development initiatives such as impact downtown and the liberty park development.

Who funds Capitalize Albany Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Pioneer Bank Charitable FoundationDonation for Corporate Annual Investment$500

Personnel at Capitalize Albany Corporation

NameTitleCompensation
Sarah ReginelliBoard Member$196,482
John S. Harris Esq.Treasurer$0
Michael CastellanaBoard of Directors Chair$0
John Vero Esq.Secretary$0
Thomas ConoscentiVice President$141,497
...and 5 more key personnel

Financials for Capitalize Albany Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,839,088
Program services$59,070
Investment income and dividends$79,102
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$289,683
Net gain from sale of non-inventory assets$-9,054
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$502,228
Total revenues$4,760,117

Form 990s for Capitalize Albany Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-15990View PDF
2021-122022-05-16990View PDF
2020-122021-05-24990View PDF
2019-122020-09-29990View PDF
2018-122019-06-19990View PDF
...and 8 more Form 990s
Data update history
August 17, 2023
Updated personnel
Identified 2 new personnel
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Updated personnel
Identified 1 new personnel
June 25, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
21 Lodge St
Albany, NY 12207
Metro area
Albany-Schenectady-Troy, NY
County
Albany County, NY
Website URL
capitalizealbany.com/ 
Phone
(518) 434-2532
IRS details
EIN
22-2353905
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1979
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
Free account sign-up

Want updates when Capitalize Albany Corporation has new information, or want to find more organizations like Capitalize Albany Corporation?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy