BREAKTHROUGH NEW YORK INC

EIN: 270628927 501(c)(3) Education

NEW YORK, NY

Total Revenue
$3,116,357
Total Expenses
$3,387,035
Total Assets
$3,443,873
Net Assets
$2,289,037
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
DAVID SHERMAN
Phone
9172583453
Tax Period
2024-07-01 to 2025-06-30

BREAKTHROUGH NEW YORK INC, founded in 2009, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

BREAKTHROUGH NEW YORK EMPOWERS MOTIVATED STUDENTS FROM LOW-INCOME BACKGROUNDS TO GRADUATE FROM COLLEGE AND PURSUE A FULFILLING CAREER. OUR TEN-YEAR, TUITION-FREE PROGRAM PROVIDES STUDENTS WITH THE OPPORTUNITIES, RESOURCES, AND RELATIONSHIPS TO SUCCEED IN RIGOROUS SCHOOLS AND CAREERS.BREAKTHROUGH NEW YORK EMPOWERS MOTIVATED STUDENTS FROM LOW-INCOME BACKGROUNDS TO GRADUATE FROM COLLEGE AND PURSUE A FULFILLING CAREER.OUR TEN-YEAR, TUITIION-FREE PROGRAM PROVIDES STUDENTS WITH THE OPPORTUNITIES, RESOURCES, AND RELATIONSHIPS TO SUCCEED IN RIGOROUS SCHOOLS AND CAREERS.

Program Service Accomplishments

Program 1
Expenses: $1,569,172

MIDDLE SCHOOL PROGRAM FOR THE YEAR ENDED JUNE 30, 2025:- 122 ENROLLED STUDENTS - 275 PROGRAMMING HOURS ANNUALLY, OVER SUMMER AND AFTERSCHOOL HOURS. PROGRAMMING FOCUSES ON SUPPORTING SUCCESS IN MIDDLE...

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MIDDLE SCHOOL PROGRAM FOR THE YEAR ENDED JUNE 30, 2025:- 122 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.

Program 2
Expenses: $875,899

HIGH SCHOOL PROGRAM FOR THE YEAR ENDED JUNE 30, 2025:- 176 ENROLLED STUDENTS - 80 PROGRAMMING HOURS ANNUALLY OVER SATURDAYS AND SCHOOL YEAR WEEK NIGHTS.PROGRAMMING FOCUSES ON SUPPORTING SUCCESS IN...

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HIGH SCHOOL PROGRAM FOR THE YEAR ENDED JUNE 30, 2025:- 176 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 SUCCESFUL ADMISSIONS AND TRANSITION TO TOP-TIER FOUR YEAR COLLEGES. STUDENTS WORK CLOSELY WITH HIGH SCHOOL MENTORS WHO COACH THEM IN MONTHLY CHECK-INS.

Program 3
Expenses: $525,148

COLLEGE SUCCESS PROGRAM FOR THE YEAR ENDED JUNE 30, 2025:-182 ENROLLED STUDENTS -40 PROGRAMMING HOURS ANNUALLY, REMOTELY (OVER WEBINARS AND PHONE CALL CHECK-INS) AND IN PERSON DURING SCHOOL BREAKS...

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COLLEGE SUCCESS PROGRAM FOR THE YEAR ENDED JUNE 30, 2025:-182 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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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 $3,499,610
Program Service Revenue $0
Investment Income $-147,133
Other Revenue $-236,120
TOTAL REVENUE $3,116,357

Expense Breakdown

Grants Paid $39,499
Salaries & Benefits $2,293,513
Fundraising Expenses $225,190
Program Expenses $2,970,219
Other Expenses $1,054,023
TOTAL EXPENSES $3,387,035

Year-over-Year Comparison

2024 2023 Change
Revenue $3,116,357 $2,602,986 +0.2%
Expenses $3,387,035 $3,079,049 +0.1%
Net Income $-270,678 $-476,063 -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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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
156
Volunteers
123

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
6
$250,910
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SHERMAN CHAIR 10.00
Officer Director
$0 $0 $0
PETER CRONCOTA VICE CHAIR 2.00
Officer Director
$0 $0 $0
WILLIAM E CLARK SECRETARY 2.00
Officer Director
$0 $0 $0
GERALD COOPER TREASURER 1.00
Officer Director
$0 $0 $0
JEAN-PIERRE JACQUET DIRECTOR 1.00
Director
$0 $0 $0
LAURA DRUMM DIRECTOR 1.00
Director
$0 $0 $0
ABIGAIL POHLMAN DIRECTOR 1.00
Director
$0 $0 $0
LISA AMATO DIRECTOR 1.00
Director
$0 $0 $0
KAVITA BAFANA DIRECTOR 1.00
Director
$0 $0 $0
DANIEL BOTOFF DIRECTOR 1.00
Director
$0 $0 $0
ANNE C BUEHL DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER COYLE DIRECTOR 1.00
Director
$0 $0 $0
NORA ELISH DIRECTOR 1.00
Director
$0 $0 $0
JED FELDMAN DIRECTOR 1.00
Director
$0 $0 $0
GREGORY GALE DIRECTOR 1.00
Director
$0 $0 $0
DARIA HIRSCH DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY A JOHNS DIRECTOR 1.00
Director
$0 $0 $0
CARL KENNEDY DIRECTOR 1.00
Director
$0 $0 $0
DREW PHILLIPS DIRECTOR 1.00
Director
$0 $0 $0
SARAH RAPPOPORT DIRECTOR 1.00
Director
$0 $0 $0
MONA SHAH DIRECTOR 1.00
Director
$0 $0 $0
ASHLEIGH THOMPSON EXECUTIVE DIRECTOR 40.00
Officer
$143,265 $7,888 $151,153
BETH E ONOFRY EXECUTIVE DIRECTOR (FORMER) 40.00
Officer
$99,385 $372 $99,757
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 $3,116,357 $3,387,035 $3,443,873 $-270,678
2024 $2,602,986 $3,079,049 $3,604,092 $-476,063
2023 $2,535,645 $3,021,383 $4,258,342 $-485,738
2023 $2,535,645 $3,099,879 $4,179,847 $-564,234
2022 $2,993,421 $2,440,095 $3,372,819 $553,326
2021 $2,921,918 $2,293,936 $3,184,899 $627,982
2020 $2,631,529 $2,733,445 $2,523,631 $-101,916
2019 $2,783,275 $2,763,658 $2,236,412 $19,617
2018 $2,114,098 $2,787,989 $2,156,127 $-673,891
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