Streetwise Partners Incorporated
- Assets
- $1.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 23
- Location
- New York, NY
- Founding
- 12/1997
- Data as of
- 06/2022
- EIN
- 31-1571343
Organization Overview
Streetwise Partners Incorporated is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Streetwise Partners Incorporated employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Streetwise Partners Incorporated 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 06/2022, Streetwise Partners Incorporated generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 14.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
STREETWISE PARTNERS PAIRS BUSINESS PROFESSIONALS WITH MENTEES WHO ARE UNEMPLOYED IN ORDER TO PROVIDE THEM WITH THE SKILLS, RESOURCES, AND ACCESS TO NETWORKS THEY NEED TO SECURE AND MAINTAIN EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STREETWISE PARTNERS' MENTORING MODEL IS A PROVEN SOLUTION FOR CLOSING THE SKILLS GAP, AND IS UNIQUE IN THAT IT IS STRUCTURED, CURRICULUM-DRIVEN, AND OUTCOMES-FOCUSED. STREETWISE PARTNERS PROVIDES THE KIND OF CUSTOMIZED, INDIVIDUALIZED ATTENTION THAT JOB SEEKERS NEED IN ORDER TO OVERCOME SYSTEMIC BARRIERS TO EMPLOYMENT. IN FY 21, STREETWISE PARTNERS COLLABORATED WITH CLOSE TO 50 CORPORATE PARTNERS, 50 COMMUNITY PARTNERS AND 2,500 VOLUNTEERS TO SUPPORT 600 LOW-INCOME INDIVIDUALS IN NEW YORK CITY, WASHINGTON D.C. AND DETROIT. THE ORGANIZATION'S OUTCOMES REMAIN STRONG, WITH 70% OF GRADUATES SECURING EMPLOYMENT WITHIN ONE YEAR OF COMPLETING THE PROGRAM. AVERAGE ANNUAL PERSONAL SALARIES INCREASE FROM $10,000 TO $50,000+.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Greenbarg Chairman | OfficerTrustee | 1 | $0 |
Tazia Smith Vice Chairman | OfficerTrustee | 1 | $0 |
Nadja Marcoz Secretary | OfficerTrustee | 1 | $0 |
Rahul Advani Director | Trustee | 1 | $0 |
Monica Aggarwal Director | Trustee | 1 | $0 |
Puneet Arora Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $713,342 |
| Related organizations | $0 |
| Government grants | $206,611 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,423,672 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,343,625 |
| Total Program Service Revenue | $0 |
| Investment income | $194 |
| 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 | $2,346,318 |
| 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. | $224,223 |
| Compensation of current officers, directors, key employees. | $22,422 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,036,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $108,216 |
| Payroll taxes | $101,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $188,504 |
| Advertising and promotion | $9,652 |
| Office expenses | $1,556 |
| Information technology | $81,929 |
| Royalties | $0 |
| Occupancy | $58,256 |
| Travel | $3,589 |
| 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 | $14,052 |
| Insurance | $11,027 |
| All other expenses | $10,805 |
| Total functional expenses | $2,037,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,717 |
| Savings and temporary cash investments | $436,712 |
| Pledges and grants receivable | $544,584 |
| 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 | $62,423 |
| Net Land, buildings, and equipment | $17,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,710 |
| Total assets | $1,417,223 |
| Accounts payable and accrued expenses | $38,337 |
| 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 | $155,000 |
| Total liabilities | $193,337 |
| Net assets without donor restrictions | $825,027 |
| Net assets with donor restrictions | $398,859 |
| 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 | $1,417,223 |