NATIONAL SUMMER SCHOOL INITIATIVE

EIN: 871464717 501(c)(3) Philanthropy & Grantmaking

BROOKLYN, NY

Total Revenue
$3,430,810
Total Expenses
$2,964,131
Total Assets
$3,301,632
Net Assets
$2,944,054
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
CHRIS CERF
Phone
6462476160
Tax Period
2023-09-01 to 2024-08-31

NATIONAL SUMMER SCHOOL INITIATIVE, founded in 2021, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.4M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $3.0M left a modest 14% surplus.

Mission

NSSI PARTNERS WITH SCHOOLS, DISTRICTS, AND CMOS TO PROVIDE HIGHLY ENGAGING AND EFFECTIVE SUMMER SCHOOL LEARNING EXPERIENCES. THIS PARTNERSHIP INCLUDES A 4-5 WEEK SUMMER SCOPE CURRICULA, PROFESSIONAL LEARNING FOR TEACHERS AND LEADERS, AND OPERATIONAL SUPPORT. THE CURRICULA FOCUS ON POWER STANDARDS FROM THE GRADE LEVEL PRIOR TO PREVENT LEARNING LOSS AND ACCELERATE STUDENT LEARNING. NSSI FOCUSES ON TEACHER TRAINING. TEACHERS ATTEND A THREE-DAY PRE-SERVICE TRAINING FOLLOWED BY ONGOING WEEKLY PROFESSIONAL DEVELOPMENT SESSIONS WITH THEIR MENTORS. NSSI ALSO PROVIDES SPECIALIZED TRAINING FOR SCHOOL LEADERS AND INSTRUCTIONAL COACHES AND ONGOING LEADER DEVELOPMENT. TEACHERS AND LEADERS LEARN FROM ONE ANOTHER IN A COHORT-BASED MODEL, SHARPENING THEIR SKILLS AND PRACTICING NEW STRATEGIES TO SUPPORT THEIR STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $250,000
Program Service Revenue $3,180,810
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,430,810

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,268,619
Fundraising Expenses $181,736
Program Expenses $2,408,520
Other Expenses $695,512
TOTAL EXPENSES $2,964,131

Year-over-Year Comparison

2023 2022 Change
Revenue $3,430,810 $3,797,555 -0.1%
Expenses $2,964,131 $2,665,791 +0.1%
Net Income $466,679 $1,131,764 -0.6%
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
5
Independent Members
5
Employees
13
Volunteers
5

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
$289,905
Total Directors
5
$0
Key Employees
3
$587,722
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS CERF BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
EDWARD HUI SECRETARY 1.00
Officer Director
$0 $0 $0
IAN ROWE TREASURER 1.00
Officer Director
$0 $0 $0
JACKSON COLLINS BOARD MEMBER 1.00
Director
$0 $0 $0
DE'SHAWN WRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN F WILSON CHIEF EXECUTIVE OFFICER 40.00
Officer
$277,431 $12,474 $289,905
KERI N HUBBARD CHIEF OF PROGRAM 40.00
Key Emp
$208,268 $13,958 $222,226
DOUGLAS MCCURRY CHIEF PARTNERSHIPS 40.00
Key Emp
$187,828 $1,061 $188,889
CARL-ANTHONY WATSON CONSULTING CHIEF OPERATING OFFICER 40.00
Key Emp
$172,119 $4,488 $176,607
CHERYL M KELLEY-HENDERSON ASSOCIATE DIRECTOR, ELA 40.00
Highest
$127,910 $7,263 $135,173
MADELINE LEVINE SR DIRECTOR OF OPERATIONS 40.00
Highest
$155,515 $9,331 $164,846
BRITTANY V LEAVERTON SENIOR DIRECTOR, ELA 40.00
Highest
$114,916 $4,693 $119,609
JESSICA WAGNER ASSOCIATE DIRECTOR, OPERATIONS 40.00
Highest
$111,202 $19,265 $130,467
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
2024 $3,430,810 $2,964,131 $3,301,632 $466,679
2023 $3,797,555 $2,665,791 $2,629,377 $1,131,764
2022 $3,579,182 $2,233,571 $1,624,223 $1,345,611
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