Overview
What is Nyc Nowc Inc?
NYC Nowc Inc, located in Elmhurst, New York, is a nonprofit organization that serves as a network for worker cooperative businesses. Their primary mission is to foster a collaborative environment, sharing resources and knowledge among its members to promote the growth of worker cooperatives. This nonprofit organization, with a team of six individuals, is dedicated to social and economic justice. They offer assistance to both existing and new cooperatives within the New York City metropolitan area, with a particular focus on marginalized communities. Their activities include providing educational, financial, and technical support to help these cooperatives thrive.
Official website here: www.nycworker.coop
Is Nyc Nowc Inc legitimate?
Nyc Nowc Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Nyc Nowc 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: $82,842
Professional Fundraising Fees: $0
Other Salaries and Wages: $257,831
For more financial information, click here
Official website here: www.nycworker.coop
What is the mission statement of Nyc Nowc Inc?
The mission of NYC Nowc Inc, in its essence, is to foster and promote the growth of worker cooperatives within various communities in the New York City metropolitan area. This organization specifically focuses on marginalized communities, providing educational, financial, and technical resources to both existing and new cooperatives. Its objective is to advocate for social and economic justice through the empowerment and support of these cooperatives.
Official website here: www.nycworker.coop
What is the revenue of Nyc Nowc Inc?
Nyc Nowc Inc's revenue in 2023 was $635,374.
Official website here: www.nycworker.coop
Who are the executives of Nyc Nowc Inc and what are their salaries?
The average compensation at Nyc Nowc Inc during 2023 was $56,779. There are 6 employees at Nyc Nowc Inc.
Here are 15 key members and their salaries:
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Official website here: www.nycworker.coop
Where can I find the form 990 for Nyc Nowc Inc?
Nyc Nowc Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nycworker.coop
Learn more at the official website: www.nycworker.coop
Mission Statement of Nyc Nowc Inc
NYC Nowc Inc, short for the NYC Network of Worker Cooperatives, is committed to fostering and nurturing the educational, financial, and technical resources of its members. This nonprofit organization focuses on supporting the expansion of worker cooperatives, aiming to promote social and economic justice. Nyc Nowc Inc extends its assistance to both established and emerging cooperatives, with a particular emphasis on developing cooperatives within marginalized communities within the New York City metropolitan area. Their mission is centered around sharing resources and fostering growth, ultimately contributing to a more equitable and just society.
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Impact
October, 2024
NYC Nowc Inc plays a significant role in fostering the development of worker cooperatives in the New York City metropolitan area. By sharing educational, financial, and technical resources, it enhances the capacity of individual co-ops, empowering them to thrive and contribute to social and economic justice. The organization focuses particularly on marginalized communities, ensuring that these groups have access to the support needed to establish and sustain their cooperatives.
The association promotes a culture of collaboration and knowledge-sharing among worker cooperatives, which further strengthens their collective impact. Through this network, member co-ops can exchange best practices, access joint resources, and build a robust support system that facilitates their growth. This initiative not only aids existing cooperatives but also encourages the formation of new ones, creating a dynamic ecosystem that prioritizes community improvement and equitable economic development.
Overall, NYC Nowc Inc's impact is multifaceted: it enhances economic opportunities for individuals in marginalized communities, promotes social cohesion through cooperative engagement, and advocates for a more just economic model that prioritizes the needs of the workers.
This information is meant to be a general summary of Nyc Nowc 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 2023.
- Investment Income: $196
- Program Service Revenue: $80,892
- Gross Receipts: $636,844
Assets and Liabilities:
- Total Assets: $334,180
- Total Liabilities: $303,679
- Net Assets: $30,501
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract income
Revenue
$80,892
Organization Details
Founding Year
2014
Principal Officer
Nicole Rodriguez
Website
www.nycworker.coopNTEE Category
Code: S41 - Community improvement
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