EIN 20-1538491

New York Professional Advisors for Community Entrepreneurs (NYPACE)

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
2003
Most recent tax filings
2023-12-01
NTEE code, primary
Description
New York Professional Advisors for Community Entrepreneurs stimulates 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. Their flagship entrepreneur advising program is a results-driven model unlike any other in New York City, launching three cohorts of 10-12 entrepreneur projects and advisory teams.
Total revenues
$1,131,050
2023
Total expenses
$816,059
2023
Total assets
$1,346,200
2023
Num. employees
7
2023

Program areas at NYPACE

General program - our workshops were in high demand in 2023, doubling our attendance goal with 102 Entrepreneurs and minority business owner certification.
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.
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.

Who funds New York Professional Advisors for Community Entrepreneurs (NYPACE)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$125,300
New York Community TrustFor Program Support.$75,000
National Philanthropic TrustPublic, Societal Benefit$60,000
...and 5 more grants received

Personnel at NYPACE

NameTitleCompensation
Ibrahima S SouareExecutive Director$148,700
Jennifer AuerDirector of Strategy, Operations, and Impact
Stephanie George BombaciProgram Director$102,423
Christine SeguritanSenior Project Manager at Nypace
Lynda CorreaSenior Program Manager
...and 7 more key personnel

Financials for NYPACE

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,202,292
Program services$4,820
Investment income and dividends$1,923
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-77,985
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,131,050

Form 990s for NYPACE

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-02990View PDF
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-10-10990View PDF
2019-122020-12-21990View PDF
...and 8 more Form 990s
Data update history
December 24, 2024
Updated personnel
Identified 3 new personnel
November 26, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from Hyde and Watson Foundation
October 11, 2024
Updated personnel
Identified 4 new personnel
May 19, 2024
Received grants
Identified 2 new grant, including a grant for $30,000 from TD Charitable Foundation
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsResearch centersCharities
Issues
Science and technologyCommunity improvementEconomic developmentBusiness and industry
Characteristics
Conducts researchPartially liquidatedFundraising eventsState / local levelCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
580 Fifth Ave Suite 820
New York, NY 10036
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
nypace.org/ 
Phone
(212) 465-2515
IRS details
EIN
20-1538491
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
5416: Professional, Scientific, and Technical Services
Parent/child status
Independent
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