Breakthrough New York Inc
- Assets
- $4.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 166
- Location
- New York, NY
- Founding
- 11/2009
- Data as of
- 06/2023
- EIN
- 27-0628927
Organization Overview
Breakthrough New York Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2023, Breakthrough New York Inc employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakthrough New York 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 06/2023, Breakthrough New York Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. 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
TO GET HIGH-POTENTIAL, LOW-INCOME STUDENTS TO AND THROUGH FOUR-YEAR COLLEGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDDLE SCHOOL PROGRAM FOR THE YEAR ENDED JUNE 30, 2023: - 130 ENROLLED STUDENTS - 275 PROGRAMMING HOURS ANNUALLY, OVER SUMMER AND AFTERSCHOOL HOURS. PROGRAMMING FOCUSES ON SUPPORTING SUCCESS IN MIDDLE SCHOOL YEARS (7TH AND 8TH GRADES) AND PREPARING FOR SUCCESSFUL ADMISSION AND TRANSITION TO COLLEGE PREP HIGH SCHOOLS.
HIGH SCHOOL PROGRAM FOR THE YEAR ENDED JUNE 30, 2023: - 188 ENROLLED STUDENTS - 80 PROGRAMMING HOURS ANNUALLY, OVER SATURDAYS AND SCHOOL YEAR WEEK NIGHTS. PROGRAMMING FOCUSES ON SUPPORTING SUCCESS IN HIGH SCHOOL YEARS (9TH-12TH), INTRODUCTION TO PROFESSIONAL SKILLS AND MATCHING TO A JOB OR INTERNSHIP, AND PREPARING FOR SUCCESSFUL ADMISSIONS AND TRANSITION TO TOP-TIER FOUR YEAR COLLEGES. STUDENTS WORK CLOSELY WITH HIGH SCHOOL MENTORS WHO COACH THEM IN MONTHLY CHECK-INS.
COLLEGE SUCCESS PROGRAM FOR THE YEAR ENDED JUNE 30, 2023: - 180 ENROLLED STUDENTS - 40 PROGRAMMING HOURS ANNUALLY, REMOTELY (OVER WEBINARS AND PHONE CALL CHECK-INS) AND IN PERSON DURING SCHOOL BREAKS. PROGRAMMING FOCUSES ON SUPPORTING SUCCESS IN FOUR YEARS OF COLLEGE, AND PREPARATION FOR CAREER TRANSITION AFTER GRADUATION. STUDENTS WORK CLOSELY WITH A COLLEGE SUCCESS COACH WHO LEADS MONTHLY CHECK-IN PHONE CALLS, AND ALSO INFORMAL CAREER MENTORS WHO PROVIDE ADVICE AND GUIDANCE FOR PROFESSIONAL PREPARATION AND TRANSITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gautam Ranji Vice Chair | OfficerTrustee | 2 | $0 |
David Sherman Board Chair | OfficerTrustee | 10 | $0 |
Mona Shah Treasurer | OfficerTrustee | 2 | $0 |
William Clark Secretary | OfficerTrustee | 2 | $0 |
David Geithner Director | Trustee | 1 | $0 |
Anne Buehl Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $957,938 |
| Related organizations | $0 |
| Government grants | $48,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,600,472 |
| Noncash contributions included in lines 1a–1f | $89,380 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,606,790 |
| Total Program Service Revenue | $0 |
| Investment income | $61,770 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,915 |
| Net Income from Fundraising Events | -$138,830 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,535,645 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $53,753 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $319,965 |
| Compensation of current officers, directors, key employees. | $22,556 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,406,003 |
| Pension plan accruals and contributions | $4,456 |
| Other employee benefits | $87,353 |
| Payroll taxes | $156,532 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,626 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,869 |
| Fees for services: Other | $332,626 |
| Advertising and promotion | $0 |
| Office expenses | $70,799 |
| Information technology | $75,207 |
| Royalties | $0 |
| Occupancy | $213,416 |
| Travel | $20,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,241 |
| Insurance | $43,938 |
| All other expenses | $29,039 |
| Total functional expenses | $3,099,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,320 |
| Savings and temporary cash investments | $11,044 |
| Pledges and grants receivable | $843,613 |
| 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 | $67,167 |
| Net Land, buildings, and equipment | $196,513 |
| Investments—publicly traded securities | $1,473,507 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,352,683 |
| Total assets | $4,179,847 |
| Accounts payable and accrued expenses | $94,401 |
| 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 | $1,368,322 |
| Total liabilities | $1,462,723 |
| Net assets without donor restrictions | $2,167,294 |
| Net assets with donor restrictions | $549,830 |
| 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 | $4,179,847 |