ALBANY CENTER FOR ECONOMIC SUCCESS INC

ALBANY, NY, 12210-2404 (518) 427-7804 Est. 1992 EIN 14-1762881
S20Z— Community Improvement Form 990 501(c)(3)

Mission

ACQUIRE, DEVELOP AND OPERATE A FACILITY WHICH FUNCTIONS AS A SMALL BUSINESS INCUBATOR AND PROVIDE OTHER TRAINING AND TECHNICAL ASSISTANCE FOR MINORITIES, WOMEN AND OTHER DISADVANTAGED SMALL BUSINESS OWNERS IN THE CAPITAL REGION OF NY STATE.

Financials

Total Revenue
$129,941
Total Expenses
$176,286
Net Assets
$733,327
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
4.2 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 73.5%
Expenses ↑ 6.8%
Revenue Sources
Contributions 24.0% Earned revenue 76.0%
Expense Breakdown
Program 89.8% Management 10.2%

Officers & Key Employees (9)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (2)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 Form 990$129,941 $176,286$733,327
2023 Form 990$489,917 $165,016$779,672
2022 Form 990$595,915 $145,309$454,771
2021 Form 990$123,974 $121,329$4,165
2020 Form 990$80,873 $135,327$1,520
2018 Form 990$156,149 $155,156$89,252

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EIN: 14-1762881 · Source: IRS Form 990 e-file data