NYC KIDS RISE INC

EIN: 814526739 501(c)(3) Youth Development

LONG ISLAND CITY, NY

Total Revenue
$22,838,660
Total Expenses
$24,592,706
Total Assets
$71,803,036
Net Assets
$18,755,394
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
DEBRA-ELLEN GLICKSTEIN
Phone
8335437473
Tax Period
2024-07-01 to 2025-06-30

NYC KIDS RISE INC, founded in 2016, is a mid-sized nonprofit in the Youth Development sector that reported $22.8M in total revenue in fiscal year 2024.

Mission

NYC KIDS RISE WORKS TO EXPAND ECONOMIC OPPORTUNITY THROUGH A UNIQUE, COMMUNITY-DRIVEN COLLEGE SAVINGS PROGRAM IN NYC.

Program Service Accomplishments

Program 1
Expenses: $21,822,737 Revenue: $0

IN FY25, NYC KIDS RISE CONTINUED ITS CITYWIDE EXPANSION, BRINGING IN A NEW COHORT OF KINDERGARTENERS ACROSS NYC PUBLIC SCHOOLS INTO THE SAVE FOR COLLEGE PROGRAM, EXTENDING CITYWIDE ELIGIBILITY TO NYC...

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IN FY25, NYC KIDS RISE CONTINUED ITS CITYWIDE EXPANSION, BRINGING IN A NEW COHORT OF KINDERGARTENERS ACROSS NYC PUBLIC SCHOOLS INTO THE SAVE FOR COLLEGE PROGRAM, EXTENDING CITYWIDE ELIGIBILITY TO NYC PUBLIC SCHOOLS STUDENTS BETWEEN KINDERGARTEN AND THIRD GRADE. THIS IS THE FOURTH YEAR OF CITYWIDE OPERATIONS, AND THE EIGTH YEAR OF OPERATIONS FOR THE PROGRAM. BY THE END OF THE YEAR, THE PROGRAM RECOGNIZED MORE THAN 277,000 ACTIVE PARTICIPANTS, BRINGING IN 79,301 NEW PARTICIPANTS DURING THE YEAR. EACH NEWLY ENROLLED STUDENT RECEIVED AN NYC SCHOLARSHIP ACCOUNT WITH AN INITIAL $100. STUDENTS HAVE THE OPPORTUNITY TO EARN ADDITIONAL SCHOLARSHIP DOLLARS WHEN THEIR PARENT/GUARDIANS COMPLETE ADDITIONAL STEPS (THE BUILDING BLOCKS) AND THROUGH COMMUNITY SCHOLARSHIPS. DURING THIS FISCAL YEAR, NYC KIDS RISE DEPOSITED MORE THAN $10.2 MILLION INTO PARTICIPATING STUDENTS' NYC SCHOLARSHIP ACCOUNTS, INCLUDING SEED, REWARDS, AND COMMUNITY SCHOLARSHIPS.NYC KIDS RISE ALSO CONTINUED TO PROVIDE CAPACITY BUILDING, TECHNICAL ASSISTANCE AND EDUCATION TO FAMILIES, SCHOOLS, AND COMMUNITIES. IN FY25, THE ORGANIZATION LAUNCHED A COMMUNITY-BASED FINANCIAL EMPOWERMENT INFRASTRUCTURE INITIATIVE IN PARTNERSHIP WITH THREE LOCAL CBOS TO EXPAND FOCUS ON BUILDING BLOCK 2 AND BUILDING BLOCK 3 STEPS WITH FAMILIES IN TWO TARGET DISTRICTS FOR THE PROGRAM (D30 IN QUEENS AND D7 IN THE BRONX). NYC KIDS RISE ALSO HELD 175 FAMILY-FACING EVENTS OVER THE COURSE OF THE YEAR BETWEEN SCHOOL AND DISTRICT-LEVEL EVENTS, OUTREACH EVENTS IN COLLABORATION WITH RESIDENT ASSOCIATIONS AND COMMUNITY BASED ORGANIZATIONS. THESE EVENTS PROVIDED INFORMATION TO FAMILIES AND PROVIDED TECHNICAL ASSISTANCE TO COMPLETE FOUNDATIONAL STEPS. NYC KIDS RISE ALSO OFFERED 44 PROFESSIONAL LEARNING SESSIONS FOR THE APPROXIMATELY 1000 ELEMENTARY SCHOOLS ACROSS NEW YORK CITY TO SUPPORT THEM IN THEIR EFFORTS TO USE THE PROGRAM AS A TOOL FOR COLLEGE AND CAREER READINESS AND ASSIST FAMILIES IN LEARNING ABOUT THE PROGRAM AND ACTIVATING AND VIEWING THEIR NYC SCHOLARSHIP ACCOUNTS FOR THE FIRST TIME.DURING THIS TIME PERIOD, NYC KIDS RISE CONTINUED TO BUILD OUT ITS PLATFORM FOR COMMUNITY SCHOLARSHIPS, DEMONSTRATING HOW VARIOUS INSTITUTIONS AND ORGANIZATIONS CAN LEVERAGE THE PLATFORM TO SUPPORT STUDENTS ACROSS THE CITY. THE SECOND ANNUAL ALUMNI COMMUNITY SCHOLARSHIP CAMPAIGN BROUGHT IN LEADERSHIP FROM NEARLY 100 NYC PUBLIC SCHOOL ALUMNI, REPRESETING EVERY NYC SCHOOL DISTRICT, AND RESULTED IN APPROXIMATELY $325,000 BEING INVESTED IN THE SCHOLARSHIP ACCOUNTS OF NEARLY 6,000 STUDENT ACCOUNTS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,573,671
Program Service Revenue $0
Investment Income $206,438
Other Revenue $58,551
TOTAL REVENUE $22,838,660

Expense Breakdown

Grants Paid $14,377,663
Salaries & Benefits $7,199,665
Fundraising Expenses $665,980
Program Expenses $21,822,737
Other Expenses $3,015,378
TOTAL EXPENSES $24,592,706

Year-over-Year Comparison

2024 2023 Change
Revenue $22,838,660 $21,214,116 +0.1%
Expenses $24,592,706 $20,585,434 +0.2%
Net Income $-1,754,046 $628,682 -3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
49
Volunteers
13

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
5
$610,723
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANA ZUCKER CHAIR 1.00
Officer Director
$0 $0 $0
MURRAY ABELES TREASURER 1.00
Officer Director
$0 $0 $0
MEISHA PORTER SECRETARY 1.00
Officer Director
$0 $0 $0
MELISSA AVILES-RAMOS EX-OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
VILDA VERA MAYUGA EX-OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
DAVID C BANKS EX-OFFICIO DIRECTOR (THRU OCT 2024) 1.00
Director
$0 $0 $0
ANA ALMANZAR EX-OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW KLEIN DIRECTOR 1.00
Director
$0 $0 $0
DANYA PERRY DIRECTOR 1.00
Director
$0 $0 $0
LISA COWAN DIRECTOR 1.00
Director
$0 $0 $0
EMMA JORDAN-SIMPSON DIRECTOR 1.00
Director
$0 $0 $0
FRED GOLDBERG JR DIRECTOR 1.00
Director
$0 $0 $0
DEBRA-ELLEN GLICKSTEIN EXECUTIVE DIRECTOR 40.00
Officer
$288,346 $22,202 $310,548
KATHERINE MOLINA-POWELL CHIEF OF ADMINISTRATION & FINANCE 40.00
Officer
$257,356 $42,819 $300,175
YEZID ACOSTA SENIOR DIRECTOR, I.T. (THRU JAN 2025) 40.00
Highest
$181,512 $61,421 $242,933
MARK LEE MANAGING DIRECTOR, EXECUTIVE PROJECT MANAGEMENT 40.00
Highest
$186,849 $14,985 $201,834
NICOLE PERRY CHIEF PLATFORM OFFICER 40.00
Highest
$216,310 $49,891 $266,201
TRACY BARKER SENIOR DIRECTOR, COMPLIANCE AND ADMINISTRATION 40.00
Highest
$172,093 $22,003 $194,096
SARAH SABLE CHIEF FINANCIAL EMPOWERMENT OFFICER 40.00
Highest
$244,364 $49,402 $293,766
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 $22,838,660 $24,592,706 $71,803,036 $-1,754,046
2024 No data No data No data No data
2023 $20,758,091 $17,050,224 $36,752,918 $3,707,867
2022 $22,560,094 $14,069,217 $19,914,556 $8,490,877
2021 $4,157,127 $4,162,476 $4,984,268 $-5,349
2020 $4,405,110 $4,031,574 $3,579,033 $373,536
2019 $3,589,007 $2,964,709 $2,348,486 $624,298
2018 $2,970,164 $2,658,912 $923,374 $311,252
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