Careerwise New York Inc
- Assets
- $3.9m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 34
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 85-1715974
Organization Overview
Careerwise New York Inc is located in New York, NY. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Careerwise New York Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careerwise 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 12/2023, Careerwise New York Inc generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $4.9m during the year ending 12/2023. 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
CREATE OPPORTUNITIES BY DEVELOPING AND SUPPORTING A YOUTH APPRENTICESHIP SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAREERWISE NEW YORK IS A FIRST OF ITS KIND, MODERN YOUTH APPRENTICESHIP BASED IN NEW YORK CITY. OUR APPROACH OFFERS HIGH SCHOOL STUDENTS OPPORTUNITIES IN GROWING NYC INDUSTRIES, SUCH AS IT, FINANCIAL SERVICES, AND BUSINESS OPERATIONS, AND PROVIDES ALL APPRENTICES WITH A PRACTICAL LEARNING EXPERIENCE TO AUGMENT THE CLASSROOM. FOR EMPLOYERS, CAREERWISE NEW YORK OFFERS BUSINESSES A HANDS-ON ROLE IN DEVELOPING WORK-READY TALENT WITH THE SKILLS EMPLOYERS NEED TO INNOVATE AND GROW THEIR BUSINESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jojo Conlan Board Secretary | OfficerTrustee | 2 | $0 |
Rahnold Thomas Treasurer | OfficerTrustee | 2 | $0 |
John Donnelly Chairman Of The Board | OfficerTrustee | 5 | $0 |
Barbara Chang Thru 0923 Executive Director | OfficerTrustee | 40 | $314,575 |
Noel Ginsburg Interim Executive Director | OfficerTrustee | 40 | $0 |
Moses Ojeda Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Careerwise Usa Tech. & Program Fees | 12/30/23 | $206,150 |
Bdo Accounting Services | 12/30/23 | $150,450 |
Melinda Chang Business Development Support | 12/30/23 | $165,262 |
Year Up Career Lab Services | 12/30/23 | $135,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $670,269 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,212,295 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,882,564 |
| Total Program Service Revenue | $822,669 |
| Investment income | $22,120 |
| 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 | $4,734,366 |
| 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. | $337,188 |
| Compensation of current officers, directors, key employees. | $30,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,350,059 |
| Pension plan accruals and contributions | $34,006 |
| Other employee benefits | $308,480 |
| Payroll taxes | $195,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,295 |
| Fees for services: Accounting | $157,975 |
| Fees for services: Lobbying | $90,050 |
| Fees for services: Fundraising | $17,375 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $838,628 |
| Advertising and promotion | $0 |
| Office expenses | $221,643 |
| Information technology | $10,700 |
| Royalties | $0 |
| Occupancy | $51,282 |
| Travel | $71,771 |
| 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 | $0 |
| Insurance | $8,129 |
| All other expenses | $0 |
| Total functional expenses | $4,889,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,682,439 |
| Savings and temporary cash investments | $526,574 |
| Pledges and grants receivable | $1,662,285 |
| 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 | $2,553 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,250 |
| Total assets | $3,886,101 |
| Accounts payable and accrued expenses | $379,561 |
| Grants payable | $46,000 |
| 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 | $0 |
| Total liabilities | $425,561 |
| Net assets without donor restrictions | $2,671,866 |
| Net assets with donor restrictions | $788,674 |
| 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 | $3,886,101 |