Overview
What is Nyc First Inc?
NYC First Inc is a nonprofit organization based in New York City, specifically at 100 Avenue of the Americas 16th Fl, NY-10013. Their primary focus is to promote Science, Technology, Engineering, and Mathematics (STEM) education among students aged 5 to 18, primarily in the five boroughs of NYC and its surrounding metropolitan area. They achieve this through various programs like FIRST LEGO League, FIRST Tech Challenge, and FIRST Robotics Competition, which provide hands-on, team-based activities. These programs operate primarily as after-school activities, with additional community-based and classroom-based programming. NYC First Inc also runs STEM Centers, offering year-long high school courses, workshops, and summer programs, providing local schools with access to advanced STEM facilities and tools. Their aim is to inspire and empower students from diverse communities, fostering critical thinking, creativity, and perseverance, and preparing them to become future innovators and leaders. (120 words)
Official website here: www.nycfirst.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
Nyc First Inc has achieved a noteworthy Four-Star rating from Charity Navigator, primarily based on its strong accountability and finance metrics. The organization's impressive score reflects a robust governance structure, with 71% of its board members being independent and a complete absence of material asset diversion. Additionally, the organization has effectively maintained comprehensive financial oversight, ensuring transparency and accountability in its operations.
The charity's financial health is further highlighted by a solid program expense ratio of 73.25%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Furthermore, its fundraising efficiency ratio of $0.22 demonstrates effective resource utilization in raising funds, contributing positively to its operational success.
However, the working capital ratio of 0.34 years suggests potential liquidity concerns, which may limit the organization’s ability to respond to unexpected financial needs. While the overall financial indicators are strong, addressing this aspect could enhance its sustainability and operational flexibility in the long term.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Nyc First Inc?
86% of reviewers on Facebook recommend NYC First Inc. Here is a summary of their reviews:
Overall, participants express a positive experience with the organization, particularly noting the enjoyable event held at the Armory. Many appreciate the venue's intimate atmosphere, which fostered interaction amongst teams and students, emphasizing the importance of connection between future leaders and their peers from around the world. Reviewers highlighted the advantages of the location, including easy transportation and nearby dining options.
The feedback suggests that while there were challenges associated with hosting an event at a new venue, the overall execution was well-received, and attendees are optimistic about improvements for future events. The gratitude expressed towards NYC First Inc. and the Armory indicates a strong support for their initiatives and a commitment to fostering educational collaboration among youth.
This AI summary has been generated from reviews found on Facebook.
Is Nyc First Inc legitimate?
Nyc First Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nyc First 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: $257,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,086,469
For more financial information, click here
Official website here: www.nycfirst.org
What is the mission statement of Nyc First Inc?
The mission of NYC First Inc, as stated, is to inspire and empower students from diverse backgrounds across New York City by fostering an interest in STEM and robotics. They achieve this by providing engaging and joyful learning experiences that promote critical thinking, creativity, and persistence. The organization is committed to investing in the future, aiming to develop the next generation of innovators and leaders. Through their initiatives, NYC First Inc seeks to equip young people with the necessary skills and mindset to make significant contributions to their communities and the world at large.
Official website here: www.nycfirst.org
Who is the CEO of Nyc First Inc?
Michael Zigman is the Ceo of Nyc First Inc. The CEO's salary of Nyc First Inc is $257,423 and their total compensation is $257,423.
Official website here: www.nycfirst.org
What is the revenue of Nyc First Inc?
Nyc First Inc's revenue in 2022 was $2,651,745.
Official website here: www.nycfirst.org
Who are the executives of Nyc First Inc and what are their salaries?
The average compensation at Nyc First Inc during 2022 was $41,997. There are 32 employees and 907 volunteers at Nyc First Inc.
Here are 11 key members and their salaries (Nyc First Inc's CEO's salary is $257,423 and their total compensation is $257,423):
- Compensation: $257,423
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- Other: $0
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- Compensation: $139,623
- Related: $0
- Other: $23,953
- Compensation: $170,136
- Related: $0
- Other: $28,547
Official website here: www.nycfirst.org
Where can I find the form 990 for Nyc First Inc?
Nyc First Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nycfirst.org
Learn more at the official website: www.nycfirst.org
Mission Statement of Nyc First Inc
NYC First Inc, a nonprofit organization, is dedicated to inspiring and empowering students from diverse communities in New York City. Their mission is to facilitate an engaging and joyful interaction with STEM (Science, Technology, Engineering, and Mathematics) and robotics for young people. By providing authentic learning experiences, NYC First Inc encourages critical thinking, creativity, and persistence in its students. This nonprofit is investing in the future of New York City by nurturing the next generation of innovators and leaders.
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Impact
July, 2024
Nyc First Inc's impact is significant in inspiring and empowering students from diverse communities across New York City to engage with STEM and robotics in meaningful and joyful ways. They create authentic learning experiences that encourage critical thinking, creativity, and perseverance among young people. By managing all three FIRST programs, Nyc First Inc provides innovative skill-building opportunities in Science, Technology, Engineering, and Math through hands-on, team-based activities for students ages 5 to 18 in NYC and the surrounding metropolitan area. Their programs, which include after-school activities, community-based initiatives, and classroom programming, aim to prepare the next generation of innovators and leaders by investing in STEM education.
Nyc First Inc also operates STEM Centers that offer immersive and sustained STEM education focused on technology and engineering. These centers provide access to advanced equipment and tools not easily available in individual schools, offering students hands-on experience with robotics, mechatronics, and various STEM machines. Additionally, Nyc First Inc coordinates events throughout the NYC Metro Area where students exhibit and compete with their robots, providing opportunities for students to showcase their skills and knowledge.
Overall, Nyc First Inc's work contributes to the development of essential 21st-century skills among students, fostering a passion for STEM education and preparing them for future success in innovative fields.
This information is meant to be a general summary of Nyc First 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 2022.
- Investment Income: $392
- Program Service Revenue: $233,799
- Gross Receipts: $2,651,891
Assets and Liabilities:
- Total Assets: $662,453
- Total Liabilities: $310,481
- Net Assets: $351,972
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Fees
Revenue
$189,549
Tournament Fees
Revenue
$44,250
Organization Details
Founding Year
2013
Phone
(212) 274-2832Principal Officer
Michael Zigman
Main Address
100 Avenue of the Americas 16th Fl, New York, NY, 10013
Website
www.nycfirst.orgNTEE Category
Code: O50 - Youth development
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