harlem business alliance ANNUAL REPORT 2013

Transcription

1 harlem business alliance ANNUAL REPORT 2013

2 [ WELCOME ] Dear Friends, I am excited to share with you another year of accomplishments, innovation and evolution. In 2013, we offered 41 workshops to over 930 participants and provided 1961 hours of one-on-one technical assistance. Those numbers are just snapshot of our milestones. The endeavors of our superstar clients are truly impressive. This year we saw exceptional growth of many clients businesses. Our 2013 Business Plan Competition winner was Limation, a delicious lime based soft drink. Charmaine DaCosta, the owner, began Limation in a quest to recreate the limeade she drank as a child in Jamaica. Since winning, Ms. Dacosta has received marketing assistance from HBA and is currently selling her product in stores throughout NYC. Another superstar client, Brenda and Aaron Beener, owners of Seasoned Vegan continued on their quest to open a vegan soul food restaurant in Harlem. With HBA s counseling, Seasoned Vegan opened its doors in March In 2012, HBA was awarded a $728,750 Community Economic Development (CED) grant for a new HBA program, the Back Office Support Initiative. With this grant we were able to build our new co-working space, Creative Creative houses our Business Support Center where we provide pro-bono back office services for up to a year to eligible local entrepreneurs. In exchange for this assistance these entrepreneurs agree to hire low-income residents. As of now, our CED entrepreneurs have hired over 60 employees! Creative doubles as a co-working space, where business owners and aspiring entrepreneurs rent office space at affordable rates. The collaborative environment, state-of the art technology, and transformational events have led many to become members. We have grown to over 50 members and are excited to see the next wave of talented creatives to join. As a mission driven organization, HBA is fully committed to the education and growth of Harlem s business community. With your support, we are fueling transformative change in the lives of business owners. We invite you to take a look to see how we tackled that mission in Sincerely, Regina L. Smith

3 HBA is... HBA provides... A 33 year old 501(c)(3) non-profit that understands the power of the collective voice. An advocate for the creation, preservation and retention of businesses in Harlem. Educational events and transformational networking within the community. Outstanding support services at no cost to Harlem s small businesses and entrepreneurs. A diverse membership organization representative of the most influential minority owned businesses in the New York City Metropolitan area. Creative is a co-working space with state of the art technology and equipment.

4 OUR 2013 IMPACT { 1961 hours of one-on-one assistance 41 classes 930 participants were served people attended the Harlem Business Economic Summit entrepreneurs submitted business plans to the Business Plan Competition NYS and NYC Certifications

5 2013 WORKSHOP HIGHLIGHTS Get Uncomfortable: 4 weeks to kick your PR plan into shape Business Partnerships: Creating better alliances and avoiding litigation Crowdfunding 101 Negotiating a Commercial Lease How to Attract More Customers with Digital Marketing Blogging {Copyright and Trademark

6 2013 Program Details Harlem Business Economic Summit Over 250 participants THEME: Growing Harlem s Economy Through Entrepreneurship Expert speakers included: Ali Abdullah, Players 2 Fans Mike Street, Blacks in Tech Bruce Lincoln, Silicon Harlem Nicole Valentine, Synergy Business Development Business Plan competition $5,000 cash prize 16 entrepreneurs submitted completed business plans WINNER: Limation, a refreshing lime drink made with natural flavors. Limation is now being sold in NYC stores and continues to grow with HBA s assistance. CED Program HBA was awarded a $728,750 Community Economic Development grant We provide pro-bono back office support services to participating businesses Our CED Businesses: Limation, Mobile City Services, Seasoned Vegan, Viney Group, CFO General Cleaning and Red Rabbit Currently, these businesses have hired over 60 employees

7 Success Story: Seasoned Vegan 2012 HBA Business Plan Competition Winner CED Program Participant Restaurant opened March 2014 in Harlem Has hired over 25 employees Featured in the Daily News, Complex Magazine, Harlem Gal and Featured on Channel 7 Neighborhood Eats special

8 Creative Harlem s first co-working space Creative provides affordable shared office space. We empower entrepreneurs with the necessary tools for a fraction of the cost. Currently serving over 50 members A Glance at Our Members: Red Rabbit: healthy school meal provider; HardNut Advertising: big idea advertising services; Young Life: youth mentorship and ministry; T3 Tax and Financial LLC: tax preparation, accounting services and financial planning; Capital Agent Media: multimedia producers

9 { 2013 FINANCIAL REPORT ASSETS Cash & Cash Equivalents $250,759 Account Receivable $23,755 Loan Receivable $107,500 Property & Equipment (less depreciation) $42,522 Total Assets $424,536 TOTAL ASSETS: $424,536 REVENUE - $622,308 87% Donations/Grants/Contracts 7% 2013 Award Dinner 3% In-kind Donations 2% Sponsorships 1% Other LIABILITIES Accrued Liabilties $21,094 Total Liabilities $13,401 Net Assets $403,442 Total Liabilities & Net Assets $424,536 { TOTAL LIABILITIES & NET ASSETS: $424,536 EXPENSES - $671,190 73% Program Expense 5% Depreciation Expense 4% Special Events 18% Other

10 SPONSORS { Upper Manhattan Empowerment Zone Harlem Community Development Corporation Columbia University City College of New York Metropolitan Transportation Authority NYC School Construction Authority BRP Companies Verizon Wireless TD Bank L&M Development Partners Municipal Credit Union Turner Construction Corporation Mamais Construction THANK YOU!

11 A YEAR IN PHOTOS