Nyc Kids Rise Inc is located in Long Island City, NY. The organization was established in 2017. 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 06/2021, Nyc Kids Rise Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyc Kids Rise 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 06/2021, Nyc Kids Rise Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 51.8% each year . All expenses for the organization totaled $4.2m during the year ending 06/2021. While expenses have increased by 58.6% per year over the past 5 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.
Since 2019, Nyc Kids Rise Inc has awarded 18 individual grants totaling $180,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NYC KIDS RISE PROVIDES FAMILIES, SCHOOLS, AND COMMUNITIES WITH A WAY TO WORK TOGETHER TO SAVE FOR THEIR CHILDREN'S EDUCATION. BUILDING ON THE DREAMS AND EXPECTATIONS THAT FAMILIES HAVE FOR THEIR CHILDREN'S FUTURES, NYC KIDS RISE AIMS TO MAKE ATTENDING AND GRADUATING FROM COLLEGE MORE ACHIEVABLE FOR ALL NYC PUBLIC SCHOOL STUDENTS-REGARDLESS OF WHERE THEY COME FROM OR HOW MUCH THEIR FAMILIES HAVE IN THE BANK. NYC KIDS RISE MANAGES THE SAVE FOR COLLEGE PROGRAM IN PARTNERSHIP WITH THE NYC DEPARTMENT OF EDUCATION AND THE CITY OF NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVE FOR COLLEGE - IN FY 2021, NYC KIDS RISE ENROLLED ITS FOURTH COHORT OF KINDERGARTNERS IN NYC SCHOOL DISTRICT 30 IN THE NYC KIDS RISE SAVE FOR COLLEGE PROGRAM, INCREASING THE TOTAL NUMBER OF ENROLLED STUDENTS TO MORE THAN 13,500, WHICH REPRESENTED 96% OF ALL THE KINDERGARTNERS, FIRST-GRADERS, SECOND GRADERS, AND THIRD-GRADERS ACROSS THE 39 ELEMENTARY SCHOOLS IN DISTRICT 30. EACH OF THOSE STUDENTS RECEIVED AN NYC SCHOLARSHIP ACCOUNT (A SUB-ACCOUNT WITHIN NY'S COLLEGE SAVINGS PROGRAM DIRECT PLAN). DURING THIS FISCAL YEAR, NYC KIDS RISE DEPOSITED MORE THAN $706,700 INTO PARTICIPATING STUDENTS' NYC SCHOLARSHIP ACCOUNTS, INCLUDING APPROXIMATELY $119,000 IN FAMILY-EARNED REWARDS AND MORE THAN $253,000 IN COMMUNITY SCHOLARSHIPS FROM LOCAL AND CITYWIDE ORGANIZATIONS AND INDIVIDUALS. THESE COMMUNITY SCHOLARSHIP EFFORTS ALSO INCLUDED NEW PROGRAMMATIC OFFERINGS FOR STUDENTS, INCLUDING 27 VIRTUAL COLLEGE AND CAREER SESSIONS FOR THIRD GRADERS. NYC KIDS RISE IMPLEMENTED THE SAVE FOR COLLEGE PROGRAM SCHOOL CALENDAR IN PARTNERSHIP WITH THE 39 SCHOOLS, WHICH INCLUDED KEY ANCHOR EVENTS SUCH AS NYC SCHOLARSHIP MONTH IN JANUARY AND 529 DAY IN MAY. NYC KIDS RISE ALSO PROVIDED TRAINING TO MORE THAN 438 PARENT COORDINATORS, SECRETARIES, TEACHERS, AND OTHER SCHOOL STAFF TO HELP THEM TAKE THE LEAD ON SUPPORTING EVERY KINDERGARTEN STUDENT TO ACTIVATE AND VIEW THEIR NYC SCHOLARSHIP ACCOUNTS AT EVENTS SUCH AS THESE. IN ADDITION, NYC KIDS RISE DESIGNED AND IMPLEMENTED 46 VIRTUAL FAMILY-FACING WORKSHOPS WHERE FAMILIES COULD LEARN MORE ABOUT THE PLATFORM AND RECEIVE ASSISTANCE TO TAKE THE FOUNDATIONAL STEPS IN THE PROGRAM; AND HOSTED 7 TOWN HALLS FOR THE SAVE FOR COLLEGE PROGRAM COMMUNITY, TO SHARE RESOURCES AND INFORMATION WITH FAMILIES. , FINALLY, NYC KIDS RISE CONTINUED TO ADVANCE SYSTEM CHANGES TO EXPAND ACCESS TO COLLEGE SAVINGS PRODUCTS FOR NYC'S DIVERSE LOW-INCOME FAMILIES, INCLUDING SUCCESSFULLY ADVOCATING FOR MONEY ORDERS AS AN ACCEPTABLE FORM OF DEPOSIT IN THE NY 529 PROGRAM.
COVID RELIEF - WITH THE ARRIVAL OF THE PANDEMIC, SCHOOL DISTRICT 30 FOUND ITSELF AT THE EPICENTER OF THE EPICENTER. NYC KIDS RISE WAS ABLE TO LEVERAGE ITS EXISTING PARTNERSHIPS, COMMUNICATIONS CHANNELS AND ACCOUNT INFRASTRUCTURE TO PROVIDE IMMEDIATE ASSISTANCE TO 5,396 PARTICIPATING FAMILIES IN THE FORM OF $150 GIFT CARDS IN FY21. COLLECTIVELY, FAMILIES RECEIVED $1.5 MILLION TO SUPPORT THEM WITH IMMEDIATE NEEDS SUCH AS BUYING FOOD, PAYING UTILITIES, PAYING RENT AND SUBSCRIBING TO INTERNET SERVICES FOR THE PURPOSES OF REMOTE LEARNING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Debra-Ellen Glickstein Executive Director | Officer | 40 | $173,152 |
Murray Abeles Chief Of Administration & Finance | 40 | $157,553 | |
Florence Juillard Director Of Special Projects | 40 | $132,504 | |
Carolina Valencia Director Of Communications & Digital | 40 | $101,049 | |
Dana Zucker Chair | OfficerTrustee | 1 | $0 |
Danya Perry Secretary | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $4,156,565 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,156,565 |
Total Program Service Revenue | $0 |
Investment income | $562 |
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 | $4,157,127 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,516,373 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $202,329 |
Compensation of current officers, directors, key employees. | $40,466 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,156,175 |
Pension plan accruals and contributions | $29,264 |
Other employee benefits | $154,781 |
Payroll taxes | $104,850 |
Fees for services: Management | $0 |
Fees for services: Legal | $25,975 |
Fees for services: Accounting | $34,886 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $159,807 |
Advertising and promotion | $36,841 |
Office expenses | $137,455 |
Information technology | $385,997 |
Royalties | $0 |
Occupancy | $100,058 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $15,116 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $20,942 |
Insurance | $22,184 |
All other expenses | $16,127 |
Total functional expenses | $4,162,476 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,102,059 |
Savings and temporary cash investments | $667,629 |
Pledges and grants receivable | $15,000 |
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 | $21,599 |
Net Land, buildings, and equipment | $16,899 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $3,161,082 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,984,268 |
Accounts payable and accrued expenses | $173,600 |
Grants payable | $3,155,013 |
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 | $250,000 |
Total liabilities | $3,578,613 |
Net assets without donor restrictions | $1,390,655 |
Net assets with donor restrictions | $15,000 |
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 | $4,984,268 |
Over the last fiscal year, Nyc Kids Rise Inc has awarded $120,000 in support to 12 organizations.
Grant Recipient | Amount |
---|---|
Long Island City, NY PURPOSE: CBO PROJECT | $10,000 |
Long Island City, NY PURPOSE: CBO PROJECT | $10,000 |
Forest Hills, NY PURPOSE: CBO PROJECT | $10,000 |
Long Island City, NY PURPOSE: CBO PROJECT | $10,000 |
Jackson Heights, NY PURPOSE: CBO PROJECT | $10,000 |
Woodside, NY PURPOSE: CBO PROJECT | $10,000 |
Over the last fiscal year, we have identified 2 grants that Nyc Kids Rise Inc has recieved totaling $5,005,000.
Awarding Organization | Amount |
---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $5,000,000 |
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $5,000 |
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 |