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Albany Center For Economic Success Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141762881 ✦ Albany, NY ✦ Designated as a 501(c)(3)

Overview

What is Albany Center For Economic Success Inc?

Albany Center for Economic Success Inc, located in Albany, New York, is a dedicated nonprofit organization. Their primary objective is to assist minority, women, and disadvantaged small business owners in the Capital Region of New York State. They achieve this by acquiring, developing, and operating facilities that function as small business incubators. Additionally, they provide training and technical assistance to these entrepreneurs, fostering their growth and success in the business world.


Is Albany Center For Economic Success Inc legitimate?

Albany Center For Economic Success Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albany Center For Economic Success Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Albany Center For Economic Success Inc?
Who is the CEO of Albany Center For Economic Success Inc?
What is the revenue of Albany Center For Economic Success Inc?
Who are the executives of Albany Center For Economic Success Inc and what are their salaries?
Where can I find the form 990 for Albany Center For Economic Success Inc?

Mission Statement of Albany Center For Economic Success Inc

Albany Center for Economic Success Inc is committed to acquiring, developing, and operating facilities that serve as small business incubators for minority, women, and other disadvantaged small business owners residing in the Capital Region of New York State. The organization's primary mission is to provide a facility that functions as a small business incubator, offering additional training and technical assistance to these underrepresented entrepreneurs. By doing so, Albany Center for Economic Success Inc aims to foster a conducive environment for these business owners to grow and thrive, ultimately contributing to the economic development of the region.

Impact

This information is meant to be a general summary of Albany Center For Economic Success Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Albany Center For Economic Success Inc's impact is focused on providing essential support and resources to minorities, women, and other disadvantaged small business owners in the Capital Region of New York State. By acquiring, developing, and operating facilities that function as small business incubators, the organization is creating opportunities for these entrepreneurs to grow and succeed. Additionally, by offering training and technical assistance, they are equipping individuals with the tools and knowledge needed to thrive in the business world. Overall, their efforts contribute to the economic empowerment and advancement of underrepresented communities, fostering community improvement and creating a more inclusive and vibrant business environment in the region.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $95,815
  • Gross Receipts: $595,915

    • Assets and Liabilities:
  • Total Assets: $509,777
  • Total Liabilities: $55,006
  • Net Assets: $454,771
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $77,885

    TRAINING/OTHER INCOME

    Revenue

    $17,930

    Organization Details

    Founding Year

    1992

    Principal Officer

    Patrick Miller

    Main Address

    255 ORANGE STREET, ALBANY, NY, 12210

    NTEE Category

    Code: S20Z - Community improvement

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