WORKING IN SUPPORT OF EDUCATION INC

EIN: 134024627 501(c)(3) Education

NEW YORK, NY

Total Revenue
$3,001,119
Total Expenses
$2,877,142
Total Assets
$3,606,413
Net Assets
$2,603,540
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
DAVID ANDERSON
Phone
2124212700
Tax Period
2024-08-01 to 2025-07-31

WORKING IN SUPPORT OF EDUCATION INC, founded in 1998, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.9M left a modest 4% surplus.

Mission

THE MISSION OF W!SE IS TO IMPROVE ECONOMIC MOBILITY THROUGH PROGRAMS THAT DEVELOP FINANCIAL LITERACY AND READINESS FOR COLLEGE AND CAREERS. OUR SUCCESS IS BUILT ON FIVE PILLARS RELEVANCY, DIGITAL LEADERSHIP, REAL-WORLD EXPERIENCES, VOLUNTEERISM, AND EVALUATION.

Program Service Accomplishments

Program 1
Expenses: $1,125,226 Revenue: $995,357

FINANCIAL LITERACY PROGRAMTHE FINANCIAL LITERACY CERTIFICATION PROGRAM PREPARES HIGH SCHOOL STUDENTS TO GRADUATE AS FINANCIALLY CAPABLE YOUNG ADULTS. SCHOOLS TEACH PERSONAL FINANCE AND ADMINISTER OUR...

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FINANCIAL LITERACY PROGRAMTHE FINANCIAL LITERACY CERTIFICATION PROGRAM PREPARES HIGH SCHOOL STUDENTS TO GRADUATE AS FINANCIALLY CAPABLE YOUNG ADULTS. SCHOOLS TEACH PERSONAL FINANCE AND ADMINISTER OUR NATIONAL, STANDARDIZED CERTIFICATION TEST, SUPPORTED BY W!SE'S PROFESSIONAL DEVELOPMENT, STANDARDS-ALIGNED RESOURCES, ONLINE PRACTICE QUIZZES, AND OPTIONAL PRETESTING. STUDENTS WHO PASS EARN THE W!SE CERTIFIED FINANCIALLY LITERATE (CFL) CREDENTIAL, RECOGNIZED BY COLLEGES AND EMPLOYERS. SCHOOLS AND TEACHERS ARE ALSO ACKNOWLEDGED FOR STUDENT ACHIEVEMENT, INCLUDING THROUGH THE ANNUAL "W!SE 100 BEST HIGH SCHOOLS TEACHING PERSONAL FINANCE" RANKING.

Program 2
Expenses: $325,678 Revenue: $387,765

EURO CHALLENGE PROGRAMTHE EURO CHALLENGE IS A NATIONAL COMPETITION THAT INVITES HIGH SCHOOL STUDENTS TO LEARN ABOUT THE EURO AREA ECONOMY AND APPLY THEIR KNOWLEDGE TO REAL-WORLD ISSUES. STUDENTS WORK...

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EURO CHALLENGE PROGRAMTHE EURO CHALLENGE IS A NATIONAL COMPETITION THAT INVITES HIGH SCHOOL STUDENTS TO LEARN ABOUT THE EURO AREA ECONOMY AND APPLY THEIR KNOWLEDGE TO REAL-WORLD ISSUES. STUDENTS WORK IN TEAMS TO RESEARCH A EURO-AREA COUNTRY, ANALYZE AN ECONOMIC CHALLENGE IT FACES, AND PRESENT POLICY RECOMMENDATIONS TO A PANEL OF JUDGES. THE PROGRAM BUILDS ECONOMIC LITERACY, PUBLIC SPEAKING SKILLS, TEAMWORK, AND GLOBAL AWARENESS WHILE GIVING STUDENTS A HANDS-ON OPPORTUNITY TO THINK LIKE POLICYMAKERS.

Program 3
Expenses: $266,714 Revenue: $25,104

W!SE INSTITUTETHE W!SE INSTITUTE IS A COLLEGE AND CAREER READINESS PROGRAM EMBEDDED INTO THE REGULAR SCHOOL DAY AT NYC SCHOOLS. THROUGHOUT THE SCHOOL YEAR, STUDENTS PARTICIPATE IN A SERIES OF...

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W!SE INSTITUTETHE W!SE INSTITUTE IS A COLLEGE AND CAREER READINESS PROGRAM EMBEDDED INTO THE REGULAR SCHOOL DAY AT NYC SCHOOLS. THROUGHOUT THE SCHOOL YEAR, STUDENTS PARTICIPATE IN A SERIES OF SEMINARS AND INTERNSHIP OPPORTUNITIES LED BY VOLUNTEERS FROM INDUSTRY AND EDUCATIONAL ORGANIZATIONS. THESE VOLUNTEERS BRING PROFESSIONAL EXPERTISE AND REAL-WORLD EXPERIENCE DIRECTLY INTO THE CLASSROOM.THE PROGRAM SERVES STUDENTS IN GRADES 8-12, OFFERING SEMINARS ACROSS A WIDE RANGE OF SUBJECTS, INCLUDING SUSTAINABILITY AND STEM, ECONOMICS AND FINANCE, BUSINESS, COMMUNICATION AND LAW, CAREER AND ACADEMIC SKILLS, AND ESSENTIAL LIFE SKILLS. THROUGH THESE ENGAGING, PRACTICAL SESSIONS, STUDENTS GAIN CURRENT, RELEVANT KNOWLEDGE THAT SUPPORTS THEIR ACADEMIC SUCCESS AND PREPARES THEM FOR FUTURE COLLEGE AND CAREER PATHWAYS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,456,400
Program Service Revenue $1,417,726
Investment Income $61,661
Other Revenue $65,332
TOTAL REVENUE $3,001,119

Expense Breakdown

Grants Paid $10,375
Salaries & Benefits $1,800,209
Fundraising Expenses $527,014
Program Expenses $1,990,220
Other Expenses $1,066,558
TOTAL EXPENSES $2,877,142

Year-over-Year Comparison

2024 2023 Change
Revenue $3,001,119 $2,782,586 +0.1%
Expenses $2,877,142 $2,583,704 +0.1%
Net Income $123,977 $198,882 -0.4%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
21
Volunteers
434

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$263,383
Total Directors
16
$263,383
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ANDERSON PRESIDENT/CEO 40.00
Officer Director
$239,761 $23,622 $263,383
KRESIMIR MARUSIC CHAIR 2.00
Officer Director
$0 $0 $0
KAMALA ANANTHARAM VICE CHAIR 2.00
Officer Director
$0 $0 $0
JAMES ABRY SECRETARY/DIRECTOR 2.00
Officer Director
$0 $0 $0
KATE FARADAY DIRECTOR 1.00
Director
$0 $0 $0
HADY FARAG DIRECTOR 1.00
Director
$0 $0 $0
JACQUES FRIEDMAN DIRECTOR 1.00
Director
$0 $0 $0
JASMINE GOLUBIC DIRECTOR 1.00
Director
$0 $0 $0
BRUCE KASMAN DIRECTOR 1.00
Director
$0 $0 $0
TATYANA KIBRIK DIRECTOR 1.00
Director
$0 $0 $0
VICTOR MITCHELL DIRECTOR 1.00
Director
$0 $0 $0
PHYLLIS FRANKFORT PERILLO DIRECTOR 1.00
Director
$0 $0 $0
ANNEICIA RICHARDS DIRECTOR 1.00
Director
$0 $0 $0
MARTIN SMIT DIRECTOR 1.00
Director
$0 $0 $0
JOHN STANZIALE DIRECTOR 1.00
Director
$0 $0 $0
MIKE WARSZAWSKI DIRECTOR 1.00
Director
$0 $0 $0
DARIO STIPISIC SENIOR DIRECTOR, FINANCIAL 40.00
Highest
$133,018 $36,092 $169,110
KRISTY NGUYEN SENIOR VICE PRESIDENT 40.00
Highest
$144,915 $26,949 $171,864
LILAI TECKIE ASSISTANT DIRECTOR OF DEVELOPMENT 40.00
Highest
$105,842 $24,502 $130,344
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,001,119 $2,877,142 $3,606,413 $123,977
2024 $2,782,586 $2,583,704 $2,824,298 $198,882
2023 $2,775,292 $2,601,423 $3,095,165 $173,869
2022 $2,434,512 $2,361,627 $2,619,454 $72,885
2021 $2,007,911 $2,103,926 $3,131,982 $-96,015
2020 $1,869,742 $2,100,542 $2,071,262 $-230,800
2019 $2,630,699 $2,533,040 $1,957,132 $97,659
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