Overview
What is New York Professional Advisors For Community Entrepreneurs Inc?
New York Professional Advisors For Community Entrepreneurs Inc, located at 580 FIFTH AVENUE SUITE 820, New York, NY 10036, is a nonprofit organization dedicated to stimulating job creation and sustainable economic development in major cities, including New York City. They achieve this mission by offering pro-bono consulting services to local small business entrepreneurs hailing from under-resourced communities. Their flagship Entrepreneur Advising Program, which is unique to New York City, features cohorts of 10-12 entrepreneur projects and advisory teams, allowing selected entrepreneurs to launch their ventures alongside a supportive network of peers. The organization currently employs a team of eight individuals.
Official website here: www.nypace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating from Charity Navigator)
New York Professional Advisors For Community Entrepreneurs Inc has achieved a high level of recognition with a Four-Star rating, indicating strong performance in accountability and finance. The charity's score reflects its commitment to transparency and responsible management, with a perfect score in multiple areas, including independent board membership and financial auditing.
The organization boasts a fully independent board of directors and demonstrates a robust accountability framework. Notably, they have no issues related to the diversion of assets, which underlines their financial integrity. Their financial health is also commendable, with a low liabilities-to-assets ratio and significant program expenses indicating a strong focus on their mission.
While the ratings highlight numerous strengths, it is important for potential donors and stakeholders to consider the specific functions and impact of the organization to fully understand its effectiveness in serving the community. Overall, the financial practices and governance structure of New York Professional Advisors For Community Entrepreneurs Inc present a trustworthy option for those looking to support nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is New York Professional Advisors For Community Entrepreneurs Inc legitimate?
New York Professional Advisors For Community Entrepreneurs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Professional Advisors For Community Entrepreneurs 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $262,940
Professional Fundraising Fees: $0
Other Salaries and Wages: $303,106
For more financial information, click here
Official website here: www.nypace.org
What is the mission statement of New York Professional Advisors For Community Entrepreneurs Inc?
New York Professional Advisors For Community Entrepreneurs Inc aims to foster job creation and sustainable economic development in major cities, particularly New York City, by offering pro-bono consulting services to local small business entrepreneurs from under-resourced communities. Their flagship Entrepreneur Advising Program is a results-driven model, launched with multiple cohorts featuring numerous entrepreneur projects and advisory teams. The selected entrepreneurs collaborate with other individuals to help fellow entrepreneurs in the city.
Official website here: www.nypace.org
Who is the CEO of New York Professional Advisors For Community Entrepreneurs Inc?
Ibrahima Souare is the Executive Director (Until 07/31/22) of New York Professional Advisors For Community Entrepreneurs Inc.
Official website here: www.nypace.org
What is the revenue of New York Professional Advisors For Community Entrepreneurs Inc?
New York Professional Advisors For Community Entrepreneurs Inc's revenue in 2022 was $1,047,867.
Official website here: www.nypace.org
Who are the executives of New York Professional Advisors For Community Entrepreneurs Inc and what are their salaries?
The average compensation at New York Professional Advisors For Community Entrepreneurs Inc during 2022 was $70,756. There are 8 employees and 242 volunteers at New York Professional Advisors For Community Entrepreneurs Inc.
Here are 14 key members and their salaries:
- Compensation: $110,092
- Related: $0
- Other: $0
- Compensation: $102,423
- Related: $0
- Other: $0
- Compensation: $50,423
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nypace.org
Where can I find the form 990 for New York Professional Advisors For Community Entrepreneurs Inc?
New York Professional Advisors For Community Entrepreneurs Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nypace.org
Learn more at the official website: www.nypace.org
Mission Statement of New York Professional Advisors For Community Entrepreneurs Inc
New York Professional Advisors For Community Entrepreneurs Inc, often referred to as NYPACE, is dedicated to stimulating job creation and sustainable economic development in major cities beyond New York City. They accomplish this mission by providing pro-bono consulting services to local small business entrepreneurs from under-resourced communities. The organization's flagship Entrepreneur Advising Program is a pivotal part of their mission, offering a unique, results-driven model unlike any other in New York City. NYPACE is currently launching three cohorts for this program, each featuring 10-12 entrepreneur projects and advisory teams. The entrepreneurs chosen to participate in this program will work alongside 30-40 other individuals, all committed to helping entrepreneurs in New York City succeed.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
New York Professional Advisors For Community Entrepreneurs Inc plays a vital role in stimulating job creation and sustainable economic development in Greater New York City and other major cities. By providing pro-bono consulting services to local small business entrepreneurs from under-resourced communities, this organization is directly impacting the lives of individuals and the communities they serve. Through its flagship entrepreneur advising program, NYPACE is able to launch multiple cohorts of projects, bringing together entrepreneurs and advisory teams to work towards a common goal of supporting and empowering small businesses in NYC. Their dedication to community improvement is evident in their hands-on approach and tangible results in fostering local economic growth and opportunity.
This information is meant to be a general summary of New York Professional Advisors For Community Entrepreneurs Inc. 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 2022.
- Investment Income: $587
- Gross Receipts: $1,047,867
Assets and Liabilities:
- Total Assets: $1,002,953
- Total Liabilities: $63,832
- Net Assets: $939,121
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2003
Phone
(973) 650-4467Principal Officer
Ibrahima Souare
Main Address
580 FIFTH AVENUE SUITE 820, NEW YORK, NY, 10036
Website
www.nypace.orgNTEE Category
Code: S432 - Community improvement
If you are a representative of New York Professional Advisors For Community Entrepreneurs Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.