New York Edge Inc
- Assets
- $33.1m
- Revenue
- $66.2m
- Investments
- $0.0
- Employees
- 2,429
- Location
- Woodside, NY
- Founding
- 11/1992
- Data as of
- 06/2023
- EIN
- 11-3112635
Organization Overview
New York Edge Inc, operating under the name New York Edge, is located in Woodside, NY. The organization was established in 1992. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, New York Edge employed 2,429 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Edge is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, New York Edge generated $66.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $63.8m during the year ending 06/2023. While expenses have increased by 7.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW YORK EDGE BOOSTS ACADEMICS AND WELLNESS IN UNDERINVESTED COMMUNITIES WITH AFTERSCHOOL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL: NEW YORK EDGE PROVIDES EXTENDED LEARNING OPPORTUNITIES TO THOUSANDS OF CHILDREN WITH ENGAGING EXTRACURRICULAR ACTIVITIES, AS WELL AS A SAFE AND SUPPORTIVE ENVIRONMENT DURING OUT-OF-SCHOOL HOURS. THE ORGANIZATION'S FLAGSHIP PROGRAMS ARE CALLED CHAMPIONS CLUBS. THESE PROGRAMS OFFER EXTENDED LEARNING OPPORTUNITIES TO STUDENTS IN GRADES KINDERGARTEN THROUGH THE 12TH GRADE, COLLEGE PREP, APPRENTICESHIPS AND JOB OPPORTUNITIES. NEW YORK EDGE PROVIDES A WIDE RANGE OF PROGRAMMING IN THE ARTS, SPORTS, HEALTH AND WELLNESS, TUTORING, STEM, AND LEADERSHIP. TYPICALLY, OUR PROGRAMS OPERATE FOR 36 WEEKS DURING THE SCHOOL YEAR WITH AN AVERAGE OF 15 HOURS PER WEEK. DURING FY23, NEW YORK EDGE PROVIDED AFTER SCHOOL SERVICES TO 20,874 STUDENTS ACROSS 119 SITES.
SUMMER CAMPS: NEW YORK EDGE OFFERS SUMMER CAMP PROGRAMS TO LOW INCOME CHILDREN FREE OF CHARGE. SIMILAR TO AFTER SCHOOL PROGRAMS, SUMMER CAMPS OFFER PROGRAMMING IN ACADEMIC, ATHLETIC, AND ARTISTIC DISCIPLINES ALL BUILT AROUND AN INTERDISCIPLINARY THEME. THESE PROGRAMS HELP PREVENT SUMMER LEARNING LOSS. THESE SUMMER CAMP PROGRAMS OPERATE IN JULY AND AUGUST EACH YEAR AND RANGE FROM 4 TO 7 WEEKS, AND OPEN 4 TO 5 DAYS PER WEEK. AS PART OF THIS PROGRAM, THE ORGANIZATION PROVIDES FIRST TIME PAID EMPLOYMENT OPPORTUNITIES TO CAMP COUNSELORS IN TRAINING AGES 14 TO 16 YEARS OLD. DURING FY23, NEW YORK EDGE PROVIDED SUMMER CAMP SERVICES TO 8,905 STUDENTS ACROSS 97 SITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis Greenburger Chairman | OfficerTrustee | 2 | $0 |
Ross Sandler Chairman Emeritus | OfficerTrustee | 1 | $0 |
Roger E Alcaly Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jeffrey Ravetz Vice Chair | OfficerTrustee | 1 | $0 |
Susan Newman Vice Chair | OfficerTrustee | 2 | $0 |
Peter Lieb Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cigna Insurance | 6/29/22 | $1,551,008 |
Bellstar Rental | 6/29/22 | $570,217 |
Spinnertech It Services | 6/29/22 | $389,320 |
Divine Ladies And Gentlemen Llc Entertainment | 6/29/22 | $180,105 |
Olympic Maintenance Inc Maintenance | 6/29/22 | $162,941 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $877,589 |
| Related organizations | $0 |
| Government grants | $63,968,748 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,038,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,884,345 |
| Total Program Service Revenue | $464,630 |
| Investment income | $4,868 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$227,941 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,211,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $996,992 |
| Compensation of current officers, directors, key employees. | $996,992 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,220,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,253,586 |
| Payroll taxes | $3,063,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,916 |
| Fees for services: Accounting | $114,646 |
| Fees for services: Lobbying | $255,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,447,734 |
| Advertising and promotion | $582,725 |
| Office expenses | $90,714 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $646,079 |
| Travel | $87,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,593 |
| Interest | $70,197 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,696 |
| Insurance | $274,259 |
| All other expenses | $753,525 |
| Total functional expenses | $63,806,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $932,402 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,844,532 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $484,423 |
| Net Land, buildings, and equipment | $4,276,101 |
| Investments—publicly traded securities | $1,716,335 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,825,332 |
| Total assets | $33,079,125 |
| Accounts payable and accrued expenses | $6,076,760 |
| Grants payable | $0 |
| Deferred revenue | $5,685,956 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,796,472 |
| Total liabilities | $25,059,188 |
| Net assets without donor restrictions | $7,663,169 |
| Net assets with donor restrictions | $356,768 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,079,125 |