Newark residents and nonprofits are connected and supported by intermediary organizations critical to the overall health and well-being of the community. Now, seven of these intermediary nonprofits are participating in the second Prudential Newark Nonprofit Capacity Accelerator to strengthen the financial and operational strength of these organizations that advocate for and organize other nonprofits and community members around specific issues or opportunity areas.
“Newark’s nonprofits – and everyone who relies on their services – depend on these sometimes-unseen intermediary groups that have broad knowledge and deep expertise earned from decades of experience,” said Elise Miller, Director of Community Engagement at the Nonprofit Finance Fund (NFF). “We’re honored to support these powerhouses of connection and community, alongside partners who share our commitment to improving the flow of resources to community-centered organizations led by and serving people of color in Newark.”
The initiative will include tailored consulting engagements, leadership development opportunities, and collaborative learning exchanges, paired with flexible grants to support each organization’s specific goals and priorities. Participants include: Newark Alliance, Newark Arts, Newark City of Learning Collaborative, Newark Opportunity Youth Network, Newark Public Safety Collaborative, Newark Thrives (United Way of Greater Newark), and The Newark Trust for Education.
The Accelerator is designed to support the specific needs of intermediaries. These groups are sometimes overlooked by donors who often prefer to give to direct-service nonprofits. Many of these intermediary organizations are at critical stages of their organizational growth and can use additional support to continue on their journey. Investments in these groups have a ripple effect to improve the overall sustainability of a region’s social sector.
“The Newark Nonprofit Capacity Accelerator offers our team a unique way to learn from other Newark-based intermediary organizations how to be better prepared to achieve organizational and leadership success in the nonprofit sector,” said Alejandro Giménez-Santana, director, Newark Public Safety Collaborative (NPSC).
The Newark Nonprofit Capacity Accelerator is a collaborative effort funded by $1.2 million from The Prudential Foundation, led by Nonprofit Finance Fund, and designed in partnership with initiative service providers and participants. It builds on the success of the inaugural Newark Nonprofit Capacity Accelerator which focused on Community Development Corporations and concluded in 2022.
As in the previous Accelerator, participants will engage with partners including:
Additional partners may be added to respond to the evolving needs of Accelerator participants.
“This partnership continues the success of the first Nonprofit Capacity Accelerator and supports organizations that are essential to Newark’s economic and social wellbeing,” said René O. Deida, Vice President of Inclusive Solutions at Prudential. “We further our purpose mission when we support the goals and aspirations of nonprofits that benefit all residents in our hometown.”
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