Overview
What is New York City Business Assistance Corporation?
The New York City Business Assistance Corporation, abbreviated as NYC BAC, is a nonprofit organization situated in New York City, specifically at 1 LIBERTY PLAZA STE 11F, New York, NY 10006. Their primary mission is to stimulate employment opportunities in the city, help in the growth and preservation of businesses within NYC, and enhance the skills of individuals for business-related jobs. This is achieved by providing instruction, training, and encouraging economic development. A notable initiative under their purview is Black Entrepreneurs NYC (BE NYC), a pioneering project aimed at fostering equality of chance for black entrepreneurship in the city.
Is New York City Business Assistance Corporation legitimate?
New York City Business Assistance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York City Business Assistance Corporation 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.
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What is the mission statement of New York City Business Assistance Corporation?
The New York City Business Assistance Corporation's mission is centered around reducing unemployment and promoting job growth in the city. It aims to encourage the development and retention of businesses within New York City, providing necessary instruction and training to individuals to enhance their skills for business-related jobs. Furthermore, the corporation supports economic development by fostering an environment that encourages business growth. In an innovative initiative, the corporation has launched Black Entrepreneurs NYC, a program dedicated to advancing equity of opportunity for black entrepreneurship.
Who is the CEO of New York City Business Assistance Corporation?
Kevin Kim is the President of New York City Business Assistance Corporation.
What is the revenue of New York City Business Assistance Corporation?
New York City Business Assistance Corporation's revenue in 2023 was $1,512.
Who are the executives of New York City Business Assistance Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for New York City Business Assistance Corporation?
New York City Business Assistance Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of New York City Business Assistance Corporation
The New York City Business Assistance Corporation, in its mission, aims to reduce unemployment within New York City, stimulate the creation and retention of businesses, and foster economic development. The organization takes a proactive approach to achieving these goals by providing training and instruction to individuals, with the aim of enhancing their skills for employment in businesses. Furthermore, the corporation actively encourages the growth and sustainability of businesses within the city, thereby contributing to the overall employment scenario.
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Impact
October, 2024
The New York City Business Assistance Corporation plays a pivotal role in enhancing economic development and addressing unemployment within the city's diverse communities. By focusing on the promotion and retention of businesses, the organization actively contributes to job creation and workforce development.
One of its significant initiatives, Black Entrepreneurs NYC (BE NYC), serves as a groundbreaking model aimed at fostering equity of opportunity for Black entrepreneurs. This program not only helps to create a supportive environment for minority-owned businesses but also addresses systemic barriers, empowering individuals with the necessary training and resources to succeed.
Through tailored training programs and resources, the corporation enhances the capabilities of individuals seeking to thrive in the business landscape. Its comprehensive approach not only aims to reduce unemployment rates but also ensures that the business ecosystem in New York City remains robust and inclusive, ultimately driving sustainable economic growth across all communities in the city. In essence, the work of the New York City Business Assistance Corporation cultivates an environment where diverse businesses can flourish, contributing to a more equitable and vibrant economy.
This information is meant to be a general summary of New York City Business Assistance Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,512
- Gross Receipts: $1,512
Assets and Liabilities:
- Total Assets: $2,987,811
- Total Liabilities: $8,000
- Net Assets: $2,979,811
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Organization Details
Founding Year
1988
Principal Officer
Kevin Kim
Main Address
1 LIBERTY PLAZA STE 11F, New York, NY, 10006
NTEE Category
Code: S31 - Community improvement
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