NonprofitsNew York Professional Advisors For Community Entrepreneurs Inc

Community Improvement

New York Professional Advisors For Community Entrepreneurs Inc

NEW YORK, NY

Total revenue

$1.2M

Total expenses

$882K

Net assets

$1.7M

Grants received

$947K

24 grants

EIN

201538491

Tax year

2024

Mission

Nypace stimulates job creation and economic opportunity in underserved communities by mobilizing pro bono professionals to support local entrepreneurs.

Programs

2 programs

Flagship program - flagship program (8-week small business support) - embark on your exciting journey through our flagship entrepreneur advising program, a results-driven model unlike any other offered by an entrepreneur organization in nyc. In this exciting, empowering, and educational cohort, you'll receive entrepreneur resources, business mentorship, and accountability over eight weeks. Our pro bono advisors, recruited from top nyc firms, will shepherd you through creating hyper-targeted, high-impact solutions to real-life issues in your business. Get the benefits of their elite skill set, gain encouragement from a peer cohort, and join a positively focused professional community. During the program, your business advising team will meet with you frequently via calls, emails, zoom, and in person. Together, you will create and tackle a structured, time-driven plan for your project scope, which will solve one of your high-priority challenges. You'll also have the opportunity during the program to brainstorm your challenge with the other community entrepreneurs in your cohort.

Expenses: $238K

Corporate program - we launched our new day of service program with the inaugural firms paypal, microsoft and ernst & young. Our paypal sprint gained the highest entrepreneur rating yet with 100% saying their advisors' recommendations were exceptional.

Expenses: $194KGrants: $7K

Financials

FY 2024

Revenue

Contributions & grants$1.3M
Program service revenue
Investment income$740
Other revenue
Total revenue$1.2M

Expenses

Grants paid$7K
Salaries & benefits$691K
Fundraising$122K
Other expenses$183K
Total expenses$882K
Total assets$1.8M
Net assets$1.7M

People

15 listed

NameRoleCompensation

IBRAHIMA SOUARE

EXECUTIVE DIRECTOR

Board

$162K

40 hrs/wk

DANIEL ZAMLONG

BOARD CHAIRPERSON

Board

8 hrs/wk

JONATHAN KETZNER

SECRETARY

Board

2 hrs/wk

PHILIPPE LEROY

TREASURER AND BOARD MEMBER

Board

2 hrs/wk

AARON FEINBERG

BOARD MEMBER

Board

2 hrs/wk

ADAM GOODMAN

BOARD MEMBER

Board

2 hrs/wk

SABRINA KORBER

BOARD MEMBER

Board

2 hrs/wk

KEITH MOTELSON

BOARD MEMBER

Board

2 hrs/wk

ANDREW SIWO

BOARD MEMBER

Board

2 hrs/wk

UDAI TAMBAR

BOARD MEMBER

Board

2 hrs/wk

KEVIN WALTERS

BOARD MEMBER

Board

2 hrs/wk

RANDY MOONAN

BOARD MEMBER

Board

2 hrs/wk

CYNTHIA KLEINBAUM

BOARD MEMBER

Board

2 hrs/wk

ERIC WEDEL

BOARD MEMBER

Board

2 hrs/wk

STEPHANIE GEORGE

DIRECTOR OF CORPORATE INITIATIVES AND EVENTS

Staff

$108K

40 hrs/wk

Grants received

Showing 24 of 24

FromAmountPurposeYear
$190K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
$50
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$125K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2023
$75K
FOR PROGRAM SUPPORT.
2023
$30K
NYPACE 2024 ENTREPRENEUR ADVISING
2023
$25K
EDUCATION
2023
$12K
For grant recipient's exempt purposes
2023
$11K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2023
$5K
PURCHASE OF EQUIPMENT.
2023
$60K
PUBLIC, SOCIETAL BENEFIT
2022
$30K
NYPACE SMALL BUSINESS MENTORING & FINANCIAL SUPPORT
2022
$5K
UNRESTRICTED GENERAL SUPPORT
2022
$100
GENERAL OPERATING SUPPORT
2022
$125K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2021
$5K
PUBLIC, SOCIETAL BENEFIT
2021
$100K
GENERAL OPERATING SUPPORT
2020
$13K
PUBLIC, SOCIETAL BENEFIT
2020
$18K
PUBLIC, SOCIETAL BENEFIT
2019
$8K
PUBLIC, SOCIETAL BENEFIT
2018
$8K
PUBLIC, SOCIETAL BENEFIT
2017

Funded by

$947K from 13 funders · 24 grants · 2017–2024

Jpmorgan Chase Foundation

$541K · 6 grants · 2020–2024

National Philanthropic Trust

$98K · 4 grants · 2017–2022

The New York Community Trust

$75K · 1 grant · 2023

American Online Giving Foundation Inc

$75K · 3 grants · 2022–2024

Glenn W Bailey Charitable Trust

$30K · 1 grant · 2023

Td Charitable Foundation

$30K · 1 grant · 2022

Pwc Foundation Inc

$25K · 1 grant · 2023

Details

EIN201538491
NTEE codeS432
Subsection03
Ruling date2005-05
Formed2003
Employees6
Volunteers231
NEW YORK PROFESSIONAL ADVISORS FOR COMMUNITY ENTREPRENEURS INC — Mission, Financials & Grants Received | Grantivo