Mission
THE MISSION OF CAPITALIZE ALBANY CORPORATION IS TO FACILITATE STRATEGIC ECONOMIC DEVELOPMENT AND STIMULATE TRANSFORMATIVE INVESTMENT THROUGHOUT THE CITY OF ALBANY, MAKING NEW YORK'S CAPITAL A VIBRANT PLACE TO THRIVE.
Public Charity
CAPITALIZE ALBANY CORPORATION
CAPITALIZE ALBANY CORPORATION is a private foundation categorized as Public Charity based in ALBANY, NY. Its most recent IRS filing (2025) reports revenue of $2.5M, expenses of $2.3M, total assets of $24.7M. Imperigo tracks 74 reported grants from this foundation totaling approximately $1.1M.
EIN: 222353905
ALBANY, NY
Urban & Community Economic Development
NTEE: S31
Latest filing: 2025
Total Revenue$2.5M
Total Expenses$2.3M
Total Assets$24.7M
Grants Given74
Grant Total$1.1M
Filing Years2021–2025
Where $100 goes at Capitalize Albany Corporation
How Capitalize Albany Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$58
Programs
the work itself
$42
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $58 for programs
$58
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…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Before you apply to Capitalize Albany Corporation
Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.
Sample Grants Given
CRYS-STYLE BEAUTY LLC DBA STUDIO23
DOWNTOWN RETAIL GRANT
$31,030
VIVA EMPANADAS
DOWNTOWN RETAIL GRANT REIMBURSEMENT
$28,000
HOT CRISPY OIL LLC
NEIGHBORHOOD RETAIL GRANT PROGRAM
$25,000
RECONSTRUCTION HOME VENTURES LLC
BIG GRANT REIMBURSEMENT
$25,000
FOODSCRAPS 360 LLC
BIG REIMB
$25,000
Showing up to 5 of 74 total records — full history available with membership.
Officers & Directors
CHAIR
Anders Tomson
DIRECTOR REAL ESTATE DEVEL
Andrew Corcione
DIRECTOR
Anthony Gaddy
PRESIDENT
Ashley Mohl
DIRECTOR
David Parente
DIRECTOR
Dr Toyin Tofade
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $2.5M | $2.3M | $24.7M |
| 2024 | $3.2M | $1.8M | $25.0M |
| 2023 | $3.8M | $2.0M | $24.8M |
| 2022 | $4.8M | $2.1M | $22.6M |
| 2021 | $2.1M | $2.3M | $23.0M |
Between 2021 and 2025, reported annual revenue grew from $2.1M to $2.5M (+21%), with total assets most recently reported at $24.7M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in NY.
NY
Full geographic grant map with state-by-state breakdown available with membership.