Strategic Projects Summer Fellowship
C4Q is a fast growing NY social enterprise startup backed by leaders across technology, business, philanthropy, and government, including the Robin Hood Foundation, Google for Entrepreneurs, BlackRock, and the Blackstone Charitable Foundation. Our organization continues to double in size each year --just three years ago we only had three employees and this year we have grown to over 20 employees—and we anticipate a similar pace of growth moving forward. Since its founding in 2011, C4Q has established itself as a leading organization in tech and social enterprise with an outsize opportunity for impact at the intersection of tech and economic mobility in NYC and nationally.
C4Q’s flagship 10-month Access Code program provides free mobile development training to those who have traditionally lacked access to technology, raising graduate income from an average of $18,000 to $85,000 per year and creating pathways from poverty to the middle class. C4Q’s integrated initiatives, including community-building events, targeted policy efforts, and Access Code program deliver economic benefits to underrepresented communities reflective of the diversity of New York: Access Code participants are over 50% women, 60% African American or Hispanic, and 50% immigrant.
The presence of strong partners and advocates is one of C4Q’s most powerful distinguishing characteristics as it establishes itself as a leading organization in the national tech and economic opportunity conversation. In August 2016, C4Q and New York City Council Speaker Melissa Mark-Viverito announced the launch of a joint effort to convene private and public sector partners to study best practices and initiatives for recruiting and retaining tech workers who reflect the full diversity of New York. In October, C4Q founder & CEO Jukay Hsu spoke at the White House’s South By South Lawn (SXSL) conference on the panel “Fixing Real Problems” and was one of three individuals invited by White House Press Secretary John Earnest to speak at the daily press briefing. Through its special projects, C4Q can leverage its social capital to shape how it and other nonprofits engage across sectors to exponentially increase impact.
This is an exciting time to join C4Q. We are at a critical stage of growth as we seek to expand not only in size but also in industry impact. We are looking for a Fellow of Strategic Projects with hustle, heart, and grit to help scale and take C4Q to the next level. As the Fellow of Strategic Projects, you will have high exposure and be a leader in the organization, helping to shape C4Q’s vision and directly impacting C4Q’s strategy and growth. The Fellow will not only determine the extent and kind of impact that C4Q will have in the coming years, s/he will also have the opportunity to impact the nonprofit sector and the NYC region beyond the immediate work of the organization. The length of fellowship is 10-12 weeks starting in June 2017.
The Fellow of Strategic Projects will work closely with the CEO to propose, develop, and implement two innovative strategies to realize all the potential impact of C4Q’s Pay for Success model. In the course of this work, the Director of Strategic Projects will have access to and work with leaders in the field such as:
David Saltzman, Founding Executive Director at the Robin Hood Foundation
Bill Murphy, Senior Managing Director, Chief Technology Officer, and Head of Innovation at the Blackstone Group
Rob L. Goldstein, Chief Operating Officer and Global Head of BlackRock Solutions at BlackRock
Tony Davis, Founder and CEO of the Inherent Group
Alexandra Herzan, President of the Lily Auchincloss Foundation
Scott Thomas & Sammy Politziner, Co-founders of Arbor Brothers
Melissa Mark-Viverito, NYC Council Speaker
Shola Olatoye, CEO of the New York City Housing Authority (NYCHA)
Many other executives of C4Q key partners
Additionally, the Fellow will have the opportunity to work with C4Q’s Board of Directors and Advisors, which includes leaders in technology, business, policy, and law such as:
Elias Roman, Co-founder and CEO of Songza, acquired by Google
Michael Borofsky, Senior Vice President at MacAndrews & Forbes
Adam Belanich, Co-founder of Joyride Coffee
Senator Bob Kerrey, former U.S. Senator and Managing Director at Allen & Co
Steve Brill, Founder of American Lawyer & Court TV
Marleen Vogelaar, Co-founder of 3D printing company Shapeways
Sam Mandel, Partner and Head of Corporate Development at Betaworks
Soo Kim, Chief Investment Officer of Standard General LP
Jessica Milner, Covington & Burlington
Jennifer Hensley, Intersection; Former Executive Director of ABNY
Pay for Success Model
C4Q is at an exciting inflection point of growth. C4Q is shifting reliance from traditional philanthropic funding to other sources of capital such as social impact investing, experimenting our innovative new Pay for Success financing structure with a goal of 100% earned income over the next three years. This shift will increase C4Q’s impact directly by enabling it to serve a larger population. The earned income strategy has four key objectives: 1. Further align program outcomes with organizational success and financing structure; 2. Increase the size and impact of program; 3. Further demonstrate Access Code’s economic value; and 4. Create a template to help other similar organizations attract capital.
C4Q recently hit a significant milestone in closing its first round of Pay for Success investing with key investors: the Inherent Foundation (lead) and the Lily Auchincloss Foundation. The Fellow will have a rare opportunity to implement, refine, and be a leader within the nascent social impact investing field. Building on the recent milestone, the Director of Strategic Projects will work with our Head of Student Success and CFO to maximize the effectiveness and ensure compliance during the implementation of this first round. This innovative model allows C4Q to fund its growth and allows social impact investors to earn both a financial and social return.
Through this pilot, our social impact investors inject upfront private capital in the form of a loan. C4Q uses that capital to build up operational capacity needed to scale Access Code. While there will still be no upfront costs to Access Code participants, this model requires graduates who secure jobs as web or mobile developers at salaries of $50,000 or higher to pledge a percentage of their gross salaries over the course of two years to fund future students. Graduates who are not successful and do not gain jobs do not pay. C4Q captures the upside of any payments in excess of those required to service the loan, which further aligns organizational success with student success and enables organic expansion of the program. The model will reduce C4Q’s reliance on philanthropic funding by 30%-40%.
As C4Q prepares to launch our next Access Code cohort, the Fellow will lead efforts in raising the next round of Pay for Success financing to propel C4Q’s growth. Working with C4Q’s existing investors and two of our philanthropic funders, Guggenheim Partners and BlackRock, the Director will determine an optimal structure for the model, while introducing a financing strategy for alternative funds to support our students, including the possibility of a living stipend. Additionally, the Fellow will create a plan to establish Pay for Success as a proprietary template for financing in the nonprofit sector.
The Fellow will also lead further exploration of other revenue streams, including earned income or impact investing models that will drive C4Q towards our goal of 100% financial sustainability.
- Primary responsibility: Pay For Success Implementation
- In addition to engaging with existing social impact investors, the Director of Strategic Projects will partner with key partners such as BlackRock and Guggenheim to perfect the financing structure and create a product that serves as a financing template for the nonprofit sector
- Pitching to investors, negotiating terms, working with C4Q’s legal counsel on legal documentation execution, and setting up the financial and reporting infrastructure
- Develop or refine the strategy towards 100% financial sustainability to reduce reliance on philanthropic giving
- Supporting other areas that advance the performance and positioning of the organization, which may include:
- Developing, refining, or executing the strategy, goals and KPIs, and processes for non-program teams
- Working with C4Q’s Board of Directors and Advisors, including participation in quarterly Board Meetings, monthly Board Finance Reviews, and other committee meetings
- Collaborating with the CFO and Fundraising team to drive alignment to revenue and cash targets and support business development
- Assisting in planning internal development strategies and provide mentorship to C4Q staff. Development opportunities include training, industry awareness, or other business trends
- Evaluating and driving key strategic projects as determined by the Founder and CEO
- Functional knowledge in financial management, business development, and strategy. Experience conducting valuations and raising capital a plus
- A proven ability to combine strategic thinking, strong analytical skills, and pragmatic business sense
- Strong leadership skills, including but not limited to skills such as influencing, negotiating, and developing high performing teams
- Strong project management capabilities with the ability to plan, track, delegate, and drive a project to timely completion
- Exceptional interpersonal, written, and verbal communication skills, including facilitation and pitching, with fluency in PowerPoint
- Innovative thinking, acute attention to detail, and ability to work under pressure
- Understanding of the education sector, the technology industry, and social impact investing
Who We Are
Coalition for Queens fosters the Queens tech ecosystem to increase economic opportunity and to transform the world's most diverse community into a leading hub of innovation and entrepreneurship. We are a 501(c)3 tax-exempt nonprofit that aims to create a tech community that is reflective of our society, with individuals from a wide range of backgrounds and experiences.
To apply, please submit your resume and cover letter via our form:
C4Q works with leading business and philanthropic organizations to build an innovative, inclusive, and diverse Queens tech community.