Renaissance Entrepreneurship Center

At a Glance

National Office: 
275 Fifth Street
San Francisco, CA 94103
Phone: 415-541-8580

Sharon Miller
People Served: 
26,000
Year Founded: 
1985
Tax ID: 
94-2793122

Focus area(s):

Job/Career Development
Asset Development
Economic Development

Description

Renaissance Entrepreneurship Center (Renaissance) brings the power of entrepreneurship to under-resourced individuals and communities. Our work breaks the cycle of poverty by helping lower-income English and Spanish speaking women and men achieve economic mobility, establish assets, and create better futures for themselves, their families and communities through small business ownership.

 

Renaissance is a recognized leader in delivering end-to-end entrepreneurship and empowerment training - from ideation to business planning, launch and growth – that directly addresses the challenges lower-income individuals face as they strive to achieve economic self-sufficiency. Renaissance was launched in San Francisco in 1985 with small business planning classes and has grown into a regional organization serving Bay Area residents through our four Centers. 

Impact and Outcomes

44% who came to Renaissance in the pre-launch stage launched their businesses;
97% who came to Renaissance in business, stayed in business
60% of businesses employ an average of 2 or more individuals
Clients experienced, on average, a 38% increase in household income
Averaged $85,000 in annual revenue

Mission & Goals

Our mission is to empower and increase the entrepreneurial capacities of socially and economically diverse women and men, and thereby strengthen our communities through the creation of sustainable businesses, new jobs and the promotion of financial self-sufficiency. Our goal is to support over 1,800 lower-income English and Spanish speaking women and men to develop the skills, confidence, and networks to start and grow their own small businesses, creating employment for themselves and other residents.

Program

Renaissance delivers end-to-end small business training, one-on-one consulting, special programs for women, onsite business incubation, and access to resources, markets, and networks needed to succeed in small business. Our programs and services include:

·         Intensive Training:At the heart of Renaissance’s program are our intensive small business training classes. They are offered as 4-12 week (12-72 hour) practical, hands-on classes on the introductory and business planning levels. All classes are taught by Renaissance-trained small business consultants, staff and industry experts using our award-winning curriculum. Clientsgraduate with the technical and “soft” business skills, confidence, and networks all entrepreneurs need to succeed.

o   Kick Start Your Business Workshops: These introductory workshops present an overview of Renaissance’s programs and services, and include an assessment of clients’ business readiness and an overview of the challenges and rewards of small business ownership.

o   Start Smart: Using Lean Start Up methodologies, this class uses a Business Model Canvas to help clients assess the feasibility of their business ideas, validate target markets, and build foundational skills.

o   Business Planning:OurBusiness Prep, Business Planning, and Urban FIRE (Financial Intelligence, Responsible Entrepreneurship) training classes teach the technical skills of small business marketing, finance, and operations as clients build confidence, create business plans, and develop critical networks with fellow students, consultants, and volunteers.

·         Special Programs for Women: Women-focused training and services empower women with technical skills, resources, networks, mentors, and confidence.

o   Simple Steps:Thiswomen-focused class addresses business planning and personal empowerment. Women develop technical and “soft” skills, build confidence, develop business plans, and create supportive networks of like-minded entrepreneurial women.

o   Renaissance Women’s Networks:Monthly events feature presentations by successful women entrepreneurs, as well as other speakers addressing issues important to women small business owners. Following these inspiring presentations, women participate in facilitated support groups to share challenges, brain storm solutions, and provide encouragement.

·         Access to Capital:Our individual technical assistance helps clients become better financial managers of their businesses and is complemented by loan packaging to help clients secure capital from banks, nonprofit loan funds, and private sources.

·         Workshops:Workshops in marketing, management, finance, and technology support clients in building skills, increasing operational efficiencies, and implementing growth strategies.

·         Individual Consulting: Renaissance staff, consultants, and volunteers provide one-on-one consulting and support in sales, marketing, management, operations, and start up and growth strategies.

·         Access to Markets: Renaissance’s online business directory allows potential customers to connect with Renaissance businesses and provides peer-to-peer engagement. Our marketplaces offer graduates opportunities to access new clients and support business growth.

·         Access to Networks:In addition to the networks clients develop in their training cohorts, clients meet in facilitated peer support groups and meet-ups to discuss their business successes and challenges, brain storm solutions, build partnerships, provide encouragement and develop growth strategies.

·         Business Incubation: Our on-site Small Business Incubators in South of Market, Bayview Hunters Point, and East Palo Alto provide low-cost, professional office space, business development support, and shared services for local small businesses and community-serving non-profit organizations.

Impact

Each year, Renaissance serves over 1,800 women and men who start and grow more than 600 small businesses, creating employment for themselves and other residents. Our clients are: 81% very-low to moderate income; 70% women; 60% people of color; and 11% LGBTQ.

 

According to a 2015 survey by Entrepreneur Tracker, an independent evaluation by the Aspen Institute's FIELD program, one year after our clients completed 10 or more hours of service:

o   44% who came to Renaissance in the pre-launch stage launched their businesses;

o   97% who came to Renaissance in business, stayed in business;

o   60% of businesses employ an average of 2 or more individuals;

o   Clients experienced, on average, a 38% increase in household income; and

o   Averaged $85,000 in annual revenue.

Growth Plan

Renaissance has developed long-term partnerships with local government entities, corporations, foundations, and community organizations. Our revenue includes a diverse funding base of: government (31%), foundation (22%), corporate (20%), earned income (16%), annual event (7%), and individuals (4%). We continue to maintain close relationships with our existing funders, while continually seeking new partners to ensure sustainability and growth of our programs on behalf of lower-income entrepreneurial women and men.

 

Renaissance is currently scaling our model into Oakland. Renaissance began delivering Oakland based off-site small business training classes and technology workshops in 2016 in downtown and West Oakland, and we are currently building partnerships, raising additional funding, and cultivating our client base to further expand our entrepreneurship and empowerment programs and services to support lower-income women and men in Oakland to achieve economic mobility through small business ownership. Currently 20% of all clients Renaissance serves are Oakland residents.

Location of Sites

National Office: 
275 Fifth Street
San Francisco, CA 94103
Phone: 415-541-8580
List of locations

To make a contribution to a program site:

  1. Click on the "Make a Contribution Now" button and include the name, city and state of the program you would like to support, in the "notes" text box on the organization's donation form, if available.
  2. If a "notes" or "designation" box is not available, write the city and state on your check in the "notes" section or call the national office to designate your contribution to a local program site.

Locations in the following states:

No results found.

Financials

Most Recent Budget

Year Ended:

2016

REVENUE

Corporate Grants: 
$674,500
Foundation Grants: 
$740,000
Government Funding: 
$1,052,110
Contributions from Individuals: 
$150,000
Special Events: 
$230,000
Program Services Fees: 
$90,950
Membership Dues: 
$0
Other Earned Income: 
$443,700
Other Revenue: 
$65,000
Other Revenue (Description): 
Released from restriction; Donated gifts and services
Total Revenue: 
$3,446,260

EXPENSES

Salaries, Related Salaries & Professional Fees: 
$2,429,233
Occupancy: 
$480,334
Travel & Entertainment: 
$157,000
Office Supplies, Printing, Postage: 
$196,175
Telephone & Communications: 
$0
Payments to Affiliates: 
$0
Other Expenses: 
$175,118
Other Expenses (Description): 

Furniture & Equipment, Depreciation, SF Small Business Week, Misc
Other Expenses (Description): 

Total Expenses: 
$3,437,860

NET GAIN/LOSS

Net Gain/Loss: 
$8,400

Prior Year Actuals

Year Ended:

2014

REVENUE

Corporate Grants: 
$651,800
Foundation Grants: 
$2,073,209
Government Funding: 
$903,354
Contributions from Individuals: 
$34,110
Program Services Fees: 
$158,764
Membership Dues: 
$0
Other Earned Income: 
$371,847
Other Revenue: 
$93,090
Other Revenue (Description): 
Multi-year, restricted grants – Restrictions satisfied and released; Donated Goods/Services
Special Events: 
$102,425
Total Revenue: 
$4,388,599

EXPENSES

Salaries, Related Salaries & Professional Fees: 
$2,973,500
Occupancy: 
$742,959
Travel & Entertainment: 
$146,487
Office Supplies, Printing, Postage: 
$76,024
Telephone & Communication: 
$40,996
Payments to Affiliates: 
$0
Other Expenses: 
$192,811
Other Expenses (Description): 

Furniture and office equipment, Interest, Misc
Total Expenses: 
$4,172,777

NET GAIN/LOSS

Net Gain / Loss: 
$215,822

Major Funders

Corporations:

AT&T

Bank of America

Bank of the West

Capital Access Group

Charles Schwab Bank

Chevron

Comerica Bank

FHL Bank – AHEAD Program

First Republic Bank

JP Morgan Chase

Lennar Urban

PayPal

State Farm

Union Bank

US Bank

Wells Fargo Bank

 

Foundations:

Bothin Foundation

Carl Gellert and Celia Berta Gellert Foundation

Firedoll Foundation

Friedman Family Foundation

John and Marcia Goldman Foundation

Marcled Foundation

San Francisco Foundation

Sand Hill Foundation

Silicon Valley Community Foundation

Sobrato Family Foundation

Walter & Elise Haas Fund

Y & H Soda Foundation

Yerba Buena Community Development Benefit Fund

Zellerbach Family Foundation

 

Government:

City of Daly City

City of East Palo Alto

City of Redwood City

City and County of San Mateo

San Francisco Mayor’s Office of Economic and Workforce Development

South of Market Stabilization Fund

U.S. Economic Development Administration

U.S. Small Business Administration