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New York Professional Advisors for Community Entrepreneurs Inc

EIN 20-1538491 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceStrong93 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

NYPACE STIMULATES JOB CREATION AND ECONOMIC OPPORTUNITY IN UNDERSERVED COMMUNITIES BY MOBILIZING PRO BONO PROFESSIONALS TO SUPPORT LOCAL ENTREPRENEURS.

Income
$1.2 million
Spending
$881,638
Spent on programs
77%
Reserves
22.7 months of spending
Largest source of income
donations and private grants, 100%
Employees
6
Volunteers
231
Highest pay
$162,308, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 90% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 22.7 months of spending.

  • Debt

    20 of 20

    It owes 5% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 28% of income.

  • Income trend

    15 of 15

    Income rose 8% on the year before.

  • Spending floor

    15 of 15

    77% of spending went to programs and raising each dollar of donations cost 9 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 93 out of 100. Higher than 57% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    13 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $244,942 spent. GENERAL PROGRAM - OUR WORKSHOPS WERE IN HIGH DEMAND IN 2023, DOUBLING OUR ATTENDANCE GOAL WITH 102 ENTREPRENEURS AND MINORITY BUSINESS OWNER CERTIFICATION.
  2. $237,868 spent. 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.
  3. $193,657 spent. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2005.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.