New York Professional Advisors for Community Entrepreneurs Inc.
New York Professional Advisors for Community Entrepreneurs Inc.
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About this organization
Mission
NYPACE was formed in 2001 to provide pro-bono consulting advice to local entrepreneurs in under-resourced and disadvantaged communities of New York City. NYPACE provides a unique opportunity both for entrepreneurs who aspire to realize a strategic vision as well as for volunteers who seek to affect change through a community service context. The NYPACE program strives not only to support the development of community based entrepreneurs, but also to engender an open dialog between two disparate communities
About
In 2019 NYPACE provided pro bono consulting services to more than 45 entrepreneurs from underrepresented, under-resourced communities of New York City. We help entrepreneurs improve their businesses by assisting in 3 vital areas: 1. Market research, including analyzing size of market, identifying current and potential competitors, and uncovering blind spots; 2. Financial modeling, including addressing capital needs, cash flow projections, break-even analysis, and pricing strategy; 3. Marketing strategy, including developing the value proposition and sales pitch, and optimizing marketing channels. We engaged over 100 volunteer advisors in our program representing more than 10 of the leading professional firms of NYC, and conducted Information Sessions and Advisor Networking Socials.
Interesting data from their 2020 990 filing
The non-profit's aim, as stated in the filing, is “Our mission is to stimulate job creation and sustainable economic development in the greater new york city area by providing pro-bono consulting services to local small business entrepreneurs from under-resourced communities.”.
When referring to its actions, they were outlined as: “Nypace was formed in 2001 to provide pro-bono consulting advice to local entrepreneurs in under-resourced and disadvantaged communities of new york city. nypace provides a unique opportunity both for entrepreneurs who aspire to realize a strategic vision as well as for volunteers who seek to affect change through a community service context. the nypace program strives not only to support the development of community based entrepreneurs, but also to engender an open dialog between two disparate communities”.
- The non-profit has complied with legal obligations by reporting their state of operation as NY.
- The non-profit's address in 2020 is noted in the filing as PO Box 1044, New York, NY, 10014.
- The non-profit's form for 2020 reports a total of 3 employees.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is $72,188.
- The organization has 10 independent voting members.
- The organization was formed in 2003.
- The organization pays $267,360 in salary, compensation, and benefits to its employees.
- The organization pays $53,647 in fundraising expenses.
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