Overview
What is New Yorkers For Children Inc?
New Yorkers For Children Inc, established in New York City, is a dedicated nonprofit organization that focuses on supporting and empowering youth in foster care and those who have aged out of the system. Their mission is to improve the well-being of children and families, particularly in the child welfare system, with a special emphasis on older youth. They achieve this by providing direct educational, financial, and emotional support through various signature programs. These programs include the Back to School Package, which equips college-bound foster youth with necessary tools such as laptops and educational funding since 1999. The Nicholas Scoppetta Scholarship Program (Nick's Scholars) offers comprehensive support to foster youth pursuing undergraduate degrees, covering living expenses, tuition, and additional academic and personal needs. New Yorkers For Children Inc also offers emergency funds to meet the needs of youth in foster care or those who have aged out, ensuring they can navigate through critical situations. The Spirit Award is a merit-based scholarship for hardworking students who are currently or formerly in foster care and attending four-year colleges. The Financial Empowerment Fund, established in 2019, aims to ease the financial burden of pursuing higher education by providing merit-based scholarships and financial coaching. Lastly, the Youth Advisory Board and Peer Mentoring Network offer opportunities for youth to shape public awareness and perception of children in foster care, inspire community advocacy, and receive peer support. In summary, New Yorkers For Children Inc is committed to providing essential resources and support to youth in foster care, helping them transition to independent adulthood with success.
Official website here: www.newyorkersforchildren.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
New Yorkers For Children Inc has earned an impressive Four-Star out of Four Star rating, reflecting its strong performance in accountability and finance. The organization’s overall score is entirely derived from its accountability and finance score of 100%, indicating a high level of transparency and responsible management of resources. This rating is significant as it assures donors that their contributions are being utilized effectively and ethically.
The organization showcases several strengths, including a fully independent board with 26 members and a track record of maintaining good governance practices. Notably, it has demonstrated excellent financial health with a program expense ratio of 83.89% and a low fundraising efficiency ratio of just $0.03, meaning it spends very little on fundraising relative to the amount raised. Additionally, indicators such as having no material diversion of assets and well-documented financial practices reinforce its commitment to accountability.
There are no major limitations reported in the evaluation data, which contributes to the overall positive perception of New Yorkers For Children Inc. The charity's policies, including whistleblower and conflict of interest policies, are in place, highlighting its dedication to ethical operations. Overall, the organization stands out as a trustworthy choice for donors interested in supporting a nonprofit with a strong financial and governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is New Yorkers For Children Inc legitimate?
New Yorkers For Children Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Yorkers For Children Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $389,008
Professional Fundraising Fees: $72,500
Other Salaries and Wages: $495,723
For more financial information, click here
Official website here: www.newyorkersforchildren.org
What is the mission statement of New Yorkers For Children Inc?
New Yorkers For Children Inc, as an organization, is dedicated to enhancing the well-being of children and families, with a particular focus on youth in foster care. Their mission is to improve the circumstances of these individuals, with a special emphasis on older youth transitioning out of the system. They achieve this by providing direct support in the form of education, finances, and emotional assistance. Additionally, they develop programs in collaboration with foster care agencies, community organizations, and the NYC Administration for Children's Services, aiming to fill any gaps in the system.
Official website here: www.newyorkersforchildren.org
What is the revenue of New Yorkers For Children Inc?
New Yorkers For Children Inc's revenue in 2023 was $8,997,992.
Official website here: www.newyorkersforchildren.org
Who are the executives of New Yorkers For Children Inc and what are their salaries?
The average compensation at New Yorkers For Children Inc during 2023 was $73,728. There are 12 employees and 24 volunteers at New Yorkers For Children Inc.
Here are 29 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $193,349
- Related: $0
- Other: $13,379
- Compensation: $160,536
- Related: $0
- Other: $35,819
Official website here: www.newyorkersforchildren.org
Where can I find the form 990 for New Yorkers For Children Inc?
New Yorkers For Children Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newyorkersforchildren.org
Learn more at the official website: www.newyorkersforchildren.org
Mission Statement of New Yorkers For Children Inc
New Yorkers For Children, a dedicated organization, focuses on enhancing the well-being of children and families, with a particular emphasis on older youth transitioning out of the foster care system. The mission of this nonprofit is to improve the lives of these youth and their families within the child welfare system. New Yorkers For Children accomplishes this by providing direct educational, financial, and emotional support. They also collaborate with foster care agencies, community organizations, and the NYC Administration for Children's Services to develop programs aimed at addressing gaps within the system. By offering these resources and partnerships, New Yorkers For Children seeks to empower and support both the youth and their families as they navigate the challenges of leaving foster care.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
New Yorkers for Children Inc. plays a vital role in safeguarding the well-being of New York City's youth, particularly those navigating the complexities of foster care. Its comprehensive approach facilitates the successful transition of these young people into independent adulthood through signature programs designed to empower and support them educationally, financially, and emotionally.
One key initiative, the Back to School Package Program, has provided essential resources—like laptops and gift cards for educational expenses—to over 10,000 foster youth pursuing higher education. Meanwhile, the Nicholas Scoppetta Scholarship Program offers robust support throughout the college experience, addressing not only financial needs but also offering academic advising and emotional coaching, ensuring students can focus on their studies without the burden of financial stress.
In addition to direct educational support, NYFC also addresses emergency situations with the Charles Evans Educational Emergency Fund and the In-Care Emergency Fund, helping young adults facing crises remain enrolled in their educational pathways. The Spirit Award further incentivizes dedication by providing substantial scholarship funding to encourage continued academic achievement.
The Financial Empowerment Fund seeks to mitigate the financial hurdles of college students, combining scholarships with financial coaching to instill fiscal responsibility and independence, while the Youth Advisory Board fosters peer mentorship, allowing youth to connect with role models who understand the unique challenges of growing up in foster care.
Through these initiatives, New Yorkers for Children not only enhances individual lives but also fosters broader community awareness and advocacy for the needs of youth in care, helping to reshape perceptions and inspire future generations. The organization's impactful work equips countless young people with the tools and support necessary to thrive, transforming their challenges into opportunities for success.
This information is meant to be a general summary of New Yorkers For Children Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $345,333
- Gross Receipts: $9,162,129
Assets and Liabilities:
- Total Assets: $11,600,613
- Total Liabilities: $2,194,555
- Net Assets: $9,406,058
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1996
Principal Officer
Alan Yu
NTEE Category
Code: I72 - Crime
If you are a representative of New Yorkers For Children Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.