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CAPITAL FOUNDATION OF NEW YORK INC
NEW PALTZ, NY · EIN 832344650 · Form 990 · FY2024 · NTEE B80 · Education · Small ($100K-$1M)
revenue
$269K
expenses
$303K
net assets
$-129K
employees
0
volunteers
25
program ratio
88%
mission · from form 990

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.

profile · synthesized from sources

The Capital Foundation of New York Inc. is a nonprofit organization based in New Paltz, NY, focused on advancing entrepreneurship through experiential education and professional development. It administers the NY Business Plan Competition, a statewide intercollegiate program, and supports entrepreneurs through mentorship, leadership training, and ecosystem-building initiatives. The organization also operates a data platform mapping innovation and investment across upstate New York.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $8K
    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.
  2. #2 $24K
    INVEST NY IS A DATA PLATFORM MAPPING THE INNOVATION AND INVESTMENT ECOSYSTEM ACROSS UPSTATE NEW YORK WITH INTELLIGENCE ON STARTUPS, INNOVATION, AND CURATED ANALYSIS. THE ECOSYSTEM IS A FREE RESOURCE BUILT FOR INVESTORS, FOUNDERS, ECOSYSTEMS BUILDERS, AND KEY STAKEHOLDERS.
named programs · 3 · from sources

What they call their work

Executive Membership Program
Mentorship and professional development initiative for entrepreneur CEOs in New York State to support business growth and sustainability.
Invest NY
Data platform mapping the innovation and investment ecosystem across upstate New York, offering curated intelligence for founders, investors, and ecosystem builders.
NY Business Plan Competition
Statewide intercollegiate entrepreneurship competition with 10 regional events feeding into a final statewide competition; provides students with experiential learning, mentorship, and access to prize money.
activities · 3 groups

What they do

  • Youth Entrepreneurship & Financial Literacy Education 1 activity
    • Administers intercollegiate entrepreneurship competition
      Runs the NY Business Plan Competition, which includes 10 regional events and a statewide final judged by local business leaders.
  • Startup Acceleration & Business Growth Support 1 activity
    • Operates free data platform on startups and innovation
      Manages Invest NY, a free data platform providing intelligence on startups and innovation across Upstate New York for investors, founders, and ecosystem builders.
  • Mentorship and Professional Development Programs 1 activity
    • Provides mentorship and professional development for entrepreneur CEOs
      Supports business growth and sustainability through the Executive Membership Program, which offers mentorship and professional development to entrepreneur CEOs.
financials · form 990 · fy2024
revenue
Total revenue$269K
Contributions & grants$173K64%
Program service revenue$95K35%
Investment income$1K0%
Other revenue$0
expenses
Total expenses$303K
Program expenses88%
Admin / overhead12%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$56K
Cash$48K
Investments$0
Liabilities$185K
Net assets$-129K
Liquid reserves1.9 mo
3 years on record · 2020–2024 · YoY revenue +68.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
NOA SIMONS PRESIDENT AND DIRECTOR 12 $158K
board members · 7
  • BONNIE ARRANTE — TREASURER
  • CHRISTINE HOWARD — BOARD MEMBER
  • ELIZA EDGE — BOARD MEMBER
  • MATT PELKEY — SECRETARY
  • RANDY BIANCHI — VICE PRESIDENT AND DIRECTOR
  • SETH MULLIGAN — BOARD MEMBER
  • VIKRAM AGRAWAL — BOARD MEMBER
relationships · 1

Who they work with

  • Local Business Leaders Partner — Judge participants in the NY Business Plan Competition regional events.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Experiential Education via Business Plan Competitions
    methodology: experiential_education
    By engaging participants in intercollegiate business plan competitions, the organization fosters practical entrepreneurial skills and learning, because hands-on experience deepens understanding and retention of entrepreneurial concepts.
  • Mentorship and Leadership Development for Executives
    methodology: mentorship_and_leadership_development
    By providing mentorship and leadership training to executives, the organization enhances their capacity to identify and grow entrepreneurial opportunities, because guided development builds critical leadership and strategic capabilities.