New Heights Youth Inc
- Assets
- $2.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 50
- Location
- New York, NY
- Founding
- 01/2005
- Data as of
- 08/2021
- EIN
- 20-1903332
Organization Overview
New Heights Youth Inc is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 08/2021, New Heights Youth Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Heights Youth Inc 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 08/2021, New Heights Youth Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $2.1m during the year ending 08/2021. While expenses have increased by 2.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE & EMPOWER PROMISING UNDER- SERVED YOUTH TO BE LEADERS, CHAMPIONS AND STUDENT-ATHLETES BY DEVELOP- ING THE SKILLS NECESSARY FOR SUCCESS IN HIGH SCHOOL, COLLEGE & LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW HEIGHTS USES BASKETBALL AS A "HOOK" TO ENGAGE YOUNG MEN AND WOMEN. THEY HARNESS THE PARTICIPANTS' EXCITEMENT AND TALENT ON THE BASKETBALL COURT AS MEANS TO FOCUS THEIR ATTENTION ON THE VALUES OF LIFE SKILLS THAT STRETCH BEYOND ATHLETIC COMPETITION AND AS A TOOL TO HELP THEM ACCESS HIGH QUALITY EDUCATIONAL OPPORTUNITIES. NEW HEIGHTS CURRENTLY RUNS ONE CORE PROGRAM, "COLLEGE BOUND", WITH MULTIPLE COMPONENTS. COLLEGE BOUND OFFERS A COMPREHENSIVE MIDDLE SCHOOL AND HIGH SCHOOL EDUCATIONAL PROGRAM WHICH TAKES PLACE DAILY DURING AFTER SCHOOL AND SATURDAYS AND ALL DAY DURING THE SUMMER. THE APPROACH IS TO INTENSIVELY INVEST IN MIDDLE SCHOOL STUDENTS TO PREPARE THEM FOR COLLEGE PREPARATORY HIGH SCHOOLS AND THEN SUPPORT THEIR ONGOING SUCCESS THROUGHOUT HIGH SCHOOL AND BEYOND. THE PROGRAM OFFERS COMPREHENSIVE MIDDLE SCHOOL AND HIGH SCHOOL EDUCATIONAL PROGRAMMING AND SUPPORT SERVICES THAT SEEK TO DEVELOP EACH PARTICIPANT TO ENSURE HIS OR HER SUCCESSFUL TRANSITION AND ACHIEVEMENT THROUGH MIDDLE SCHOOL, HIGH SCHOOL AND COLLEGE. THESE SERVICES INCLUDE THE FOLLOWING: HIGH SCHOOL ASSIST - PARTICIPANTS AND FAMILIES RECEIVE INDIVIDUAL COUNSELING GUIDANCE AND SUPPORT THROUGH THE HIGH SCHOOL APPLICATION AND SELECTION PROCESS INCLUDING TEST PREPARATION, STUDY SKILLS AND TUTORING, SCHOOL VISITS AND FINANCIAL AID WORKSHOPS. COLLEGE ASSIST - PARTICIPANTS AND FAMILIES RECEIVE INDIVIDUAL SUPPORT NECESSARY TO BE SUCCESSFUL IN HIGH SCHOOL AND PREPARE FOR COLLEGE INCLUDING SAT PREPARATION, SCHOOL VISITS, FINANCIAL AID WORKSHOPS AND NCAA RECRUITING GUIDANCE. SUMMER ACADEMY - MIDDLE SCHOOL PARTICIPANTS SPEND TWO WEEKS DEVELOPING ACADEMIC, ATHLETIC AND LEADERSHIP SKILLS NECESSARY TO PREPARE THEM FOR THEIR UPCOMING SCHOOL YEAR AND HELP REDUCE THE LEARNING GAP THAT CAN OCCUR DURING THE SUMMER. FOR FISCAL YEAR ENDED AUGUST 31, 2021, COLLEGE BOUND SERVED APPROXIMATELY 250 YOUTH FROM FAILING SCHOOLS AND ECONOMICALLY DISADVANTAGED BACKGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Berkowitz Associate Executive Director | 40 | $157,600 | |
Edward Smith Executive Director | OfficerTrustee | 40 | $152,000 |
Ashley Faison Chief Development Officer | 40 | $133,000 | |
Andrew Nathan Vice Chair | OfficerTrustee | 0.25 | $0 |
Ty Wallach Treasurer | OfficerTrustee | 0.25 | $0 |
Jonathan Marotta Secretary | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $806,159 |
| Related organizations | $0 |
| Government grants | $202,127 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,209,410 |
| Noncash contributions included in lines 1a–1f | $40,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,217,696 |
| Total Program Service Revenue | $29,470 |
| Investment income | $1,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,248,959 |
| 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. | $165,364 |
| Compensation of current officers, directors, key employees. | $31,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $887,451 |
| Pension plan accruals and contributions | $25,187 |
| Other employee benefits | $72,846 |
| Payroll taxes | $148,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,959 |
| Advertising and promotion | $3,559 |
| Office expenses | $60,157 |
| Information technology | $17,899 |
| Royalties | $0 |
| Occupancy | $106,023 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,312 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,977 |
| Insurance | $32,955 |
| All other expenses | $55,968 |
| Total functional expenses | $2,113,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,487 |
| Savings and temporary cash investments | $1,427,750 |
| Pledges and grants receivable | $402,000 |
| Accounts receivable, net | $0 |
| 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 | $49,850 |
| Net Land, buildings, and equipment | $534,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,950 |
| Total assets | $2,584,002 |
| Accounts payable and accrued expenses | $198,381 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,939 |
| Total liabilities | $209,320 |
| Net assets without donor restrictions | $2,349,682 |
| Net assets with donor restrictions | $25,000 |
| 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 | $2,584,002 |
Grants Recieved
Over the last fiscal year, we have identified 35 grants that New Heights Youth Inc has recieved totaling $1,234,665.
| Awarding Organization | Amount |
|---|---|
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT A CAPITAL GRANT FOR AN ORGANIZATION THAT COMBINES ATHLETICS, EDUCATION AND LEADERSHIP DEVELOPMENT PROGRAMS FOR MORE THAN 3,000 YOUTH ANNUALLY. | $275,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $225,000 |
The Heckscher Foundation For Children New York, NY PURPOSE: WELFARE OF CHILDREN | $150,000 |
Laureus Sport For Good Foundation Of America New York, NY PURPOSE: GENERAL SUPPORT | $85,000 |
Pinkerton Foundation New York, NY PURPOSE: AFTER SCHOOL & SUMMER LEARNING | $75,000 |
Pinkerton Foundation New York, NY PURPOSE: AFTER SCHOOL & SUMMER LEARNING | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |