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EIN 22-2353905

Capitalize Albany Corporation

IRS 501(c) type
501(c)(3)
Num. employees
10
City
Albany
State
New York
Year formed
1979
Most recent tax filings
2023-12-01
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
$3,840,269
2023
Total expenses
$2,037,210
2023
Total assets
$24,751,088
2023
Num. employees
10
2023

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 and clinton market collective.

Grants made by Capitalize Albany Corporation

GranteeGrant descriptionAmount
VanderheydenDowntown Retail$15,558
Castle Island Bilingual MontessoriFacade Improvement$6,800

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
Anders TomsonVice Chair$0
...and 5 more key personnel

Financials for Capitalize Albany Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,491,090
Program services$36,065
Investment income and dividends$248,599
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$237,860
Net gain from sale of non-inventory assets$184,924
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$641,731
Total revenues$3,840,269

Form 990s for Capitalize Albany Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-16990View PDF
2022-122023-05-15990View PDF
2021-122022-05-16990View PDF
2020-122021-05-24990View PDF
2019-122020-09-29990View PDF
...and 9 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
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online 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
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