Capital Foundation Of New York Inc
- Assets
- $127.2k
- Revenue
- $289.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New Paltz, NY
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 83-2344650
Organization Overview
Capital Foundation Of New York Inc is located in New Paltz, NY. The organization was established in 2019. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Foundation Of New York Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Capital Foundation Of New York Inc generated $289.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $341.2k during the year ending 12/2023. While expenses have increased by 27.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CAPITAL FOUNDATION OF NY HAS BEEN FORMED TO PRODUCE AND ADMINISTER EDUCATIONAL ACTIVITIES RELATED TO ENTREPRENEURSHIP AND ADVANCING ENTREPRENEURIAL PURSUITS. THE CAPITAL FOUNDATION OF NEW YORK IS THE ADMINISTRATOR AND PRODUCER OF THE NY BUSINESS PLAN COMPETITION, A NY INTERCOLLEGIATE ENTREPRENEURSHIP COMPETITION, PROVIDING EXPERIENTIAL EDUCATION FOR STUDENTS INTERESTED IN ENTREPRENEURSHIP. THERE ARE 10 REGIONAL COMPETITIONS IN EACH REGION IN NEW YORK STATE, WHERE COMPETITORS APPLY AND COMPETE IN A COMPETITION THAT LOCAL BUSINESS LEADERS JUDGE. FINALISTS FROM EACH OF SEVERAL TRACKS ADVANCE TO THE FINAL STATEWIDE COMPETITION WHERE THEY COMPETE FOR PRIZE MONEY AND RECOGNITION. THE CAPITAL FOUNDATION OF NEW YORK PROVIDES MENTORSHIP AND LEADERSHIP TRAINING TO EXECUTIVES SEEKING TO IMPROVE THEIR EFFECTIVENESS IN GROWING AND DEVELOPING OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NY BUSINESS PLAN COMPETITION ("NYBPC") IS A NY INTERCOLLEGIATE ENTREPRENEURSHIP COMPETITION, PROVIDING EXPERIENTIAL EDUCATION FOR STUDENTS INTERESTED IN ENTREPRENEURSHIP. THERE ARE 10 REGIONAL COMPETITIONS IN EACH REGION IN NEW YORK STATE, WHERE COMPETITORS APPLY AND COMPETE AT A COMPETITION THAT IS JUDGED BY LOCAL BUSINESS LEADERS. FINALISTS FROM EACH OF SEVERAL TRACKS ADVANCE TO THE STATEWIDE FINAL COMPETITION WHERE THEY COMPETE FOR PRIZE MONEY AND RECOGNITION.
THE EXECUTIVE MEMBERSHIP PROGRAM IS A GROUP DESIGNED TO OFFER MENTORSHIP AND PROFESSIONAL DEVELOPMENT TO ENTREPRENEUR CEOS TO INCREASE THE LIKELIHOOD THAT THEY WILL GROW AND MAINTAIN THRIVING BUSINESSES IN NEW YORK STATE.
INVEST NY IS A DATA PLATFORM MAPPING THE INNOVATION AND INVESTMENT ECOSYSTEM ACROSS UPSTATE NEW YORK WITH INTELLIGENCE ON STARTUPS, INNOVATION, AND CURATED ANALYSES. THE ECOSYSTEM IS A FREE RESOURCE BUILT FOR INVESTORS, FOUNDERS, ECOSYSTEM BUILDERS, AND KEY STAKEHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noa Simons President And Director | OfficerTrustee | 12 | $0 |
Randy Bianchi Vice President And Director | Trustee | 1 | $0 |
A Bonnie Ryan-Arrante Treasurer | Trustee | 1 | $0 |
Matt Pelkey Secretary | Trustee | 1 | $0 |
Christine Howard Board Member | Trustee | 1 | $0 |
Vikram Agrrawal Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,706 |
| Related organizations | $0 |
| Government grants | $153,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,706 |
| Total Program Service Revenue | $112,005 |
| Investment income | $92 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $289,803 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $17,721 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $656 |
| Advertising and promotion | $469 |
| Office expenses | $0 |
| Information technology | $531 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $962 |
| All other expenses | $189 |
| Total functional expenses | $341,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,714 |
| Savings and temporary cash investments | $53,092 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $437 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $127,243 |
| Accounts payable and accrued expenses | $11,850 |
| Grants payable | $0 |
| Deferred revenue | $169,950 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,456 |
| Total liabilities | $222,256 |
| Net assets without donor restrictions | -$108,619 |
| Net assets with donor restrictions | $13,606 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $127,243 |