Overview
What is Nyc Kids Rise Inc?
New York City Kids Rise Inc is a nonprofit organization dedicated to expanding economic opportunities and equity by facilitating collaborative efforts between families, schools, and communities to save for their children's education. By nurturing families' dreams and expectations for their children's futures, NYC Kids Rise aims to make college attendance and graduation accessible for all New York City public school students, regardless of their socioeconomic backgrounds. In partnership with the NYC Department of Education and the City of New York, they oversee the Save for College Program. During fiscal year 2022, they enrolled over 77,200 active participants, including 65,938 new students, in the program. NYC Kids Rise deposited more than $7.1 million into the students' NYC Scholarship Accounts, raised over $2.1 million in community scholarships, and provided training for school staff to help students activate and view their accounts. They also organized family-facing workshops, trained financial empowerment center counselors, and advocated for system changes to increase access to college savings products for diverse, low-income families.
Official website here: www.nyckidsrise.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86% (Three-Star out of Four Star rating)
Nyc Kids Rise Inc has received an 86% rating from Charity Navigator, indicating a solid performance in terms of accountability and financial management. The organization has achieved full marks in several areas, including having an entirely independent board and a comprehensive oversight committee for financial statements. These strengths suggest a commitment to transparency and ethical governance.
The charity demonstrates effective financial management with a program expense ratio of 91.46%, indicating that a significant portion of its resources is directed towards programs rather than administrative costs. However, there is a noted liability to assets ratio of 62.92%, which may raise some concerns regarding financial stability compared to its overall asset base.
Overall, while Nyc Kids Rise Inc showcases strong governance practices and responsible financial management, potential donors and supporters might consider the liability ratio as a point of caution. Continued oversight and improvement in this area could further enhance the charity's financial health and sustainability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Nyc Kids Rise Inc?
100% of 5 reviewers on Facebook recommend NYC Kids Rise Inc. Here is a summary of their reviews:
The reviews highlight the organization’s consistency and seriousness in its mission. Individuals appreciate the commitment and dedication shown by NYC Kids Rise in providing support and opportunities for children, which bodes well for its reputation within the community. The overall sentiment reflects a strong endorsement of the nonprofit's efforts.
Overall, it appears that NYC Kids Rise Inc effectively fulfills its goals, earning unanimous praise from its supporters for its services and reliability.
This AI summary has been generated from reviews found on Facebook.
Is Nyc Kids Rise Inc legitimate?
Nyc Kids Rise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nyc Kids Rise 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: $475,163
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,540,118
For more financial information, click here
Official website here: www.nyckidsrise.org
What is the mission statement of Nyc Kids Rise Inc?
Nyc Kids Rise Inc is a non-profit organization dedicated to expanding economic opportunity and equity by enabling families, schools, and communities to work together towards saving for their children's education. By harnessing the dreams and aspirations parents hold for their children's futures, Nyc Kids Rise strives to make college attendance and graduation accessible to all New York City public school students, regardless of their socio-economic background. In partnership with the NYC Department of Education and the City of New York, Nyc Kids Rise manages the Save for College program, which offers a collaborative platform for families to save for their children's higher education expenses. The organization's mission is to bridge the gap and ensure that financial barriers do not hinder the academic pursuits of ambitious young students.
Official website here: www.nyckidsrise.org
Who is the CEO of Nyc Kids Rise Inc?
Debra-Ellen Glickstein is the Chair of Nyc Kids Rise Inc.
Official website here: www.nyckidsrise.org
What is the revenue of Nyc Kids Rise Inc?
Nyc Kids Rise Inc's revenue in 2022 was $22,560,094.
Official website here: www.nyckidsrise.org
Who are the executives of Nyc Kids Rise Inc and what are their salaries?
The average compensation at Nyc Kids Rise Inc during 2022 was $87,621. There are 23 employees and 9 volunteers at Nyc Kids Rise Inc.
Here are 14 key members and their salaries:
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- Other: $15,615
- Compensation: $101,981
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- Other: $13,392
- Compensation: $130,771
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- Other: $17,871
Official website here: www.nyckidsrise.org
Where can I find the form 990 for Nyc Kids Rise Inc?
Nyc Kids Rise Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nyckidsrise.org
Learn more at the official website: www.nyckidsrise.org
Mission Statement of Nyc Kids Rise Inc
NYC Kids Rise, a nonprofit organization, is dedicated to expanding economic opportunities and promoting equity by facilitating collaborations between families, schools, and communities to save for their children's education. With a vision to make higher education accessible to all New York City public school students, regardless of their family's financial situation, NYC Kids Rise aims to foster an environment where dreams and expectations for a child's future are not bound by financial limitations.
In partnership with the NYC Department of Education and the City of New York, NYC Kids Rise manages the Save for College program. This initiative empowers families to work together and contribute to their children's college savings, building a solid foundation for their future academic pursuits. By harnessing the collective power of families, schools, and communities, NYC Kids Rise strives to make attending and graduating from college a reality for every New York City student, ultimately breaking down financial barriers and creating a more equitable educational landscape.
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Impact
October, 2024
NYC Kids Rise Inc. significantly enhances educational opportunities for families in New York City by promoting savings for children’s education through its Save for College program. In its recent fiscal year, the organization successfully enrolled more than 77,200 students, equipping them with NYC Scholarship Accounts to help ease the financial burden of post-secondary education. With a notable participation rate of 97% among eligible students, NYC Kids Rise has demonstrated its effectiveness in mobilizing families to engage in savings.
During this period, the organization facilitated over $7.1 million in deposits into these accounts, sourced from family-initiated contributions and community scholarships. This financial support not only empowers families but also cultivates a culture of saving and planning for education among participating communities.
NYC Kids Rise goes beyond mere financial assistance; it actively engages with schools and families to create a supportive ecosystem. Training for school staff ensures that educators are equipped to help students navigate their scholarship accounts, fostering a collaborative environment for educational success. Additionally, the organization has implemented various workshops and initiatives that promote financial literacy among families, helping parents understand the importance of saving for their children’s futures.
By advocating for policies that expand access to college savings products, NYC Kids Rise is working to break down barriers faced by low-income families. The transformative impact of this organization is reflected in its commitment to ensuring that every student, regardless of their background, has the opportunity to dream of and achieve a college education.
This information is meant to be a general summary of Nyc Kids Rise 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: $718
- Gross Receipts: $22,560,094
Assets and Liabilities:
- Total Assets: $19,914,556
- Total Liabilities: $10,028,167
- Net Assets: $9,886,389
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Organization Details
Founding Year
2016
Phone
(718) 593-3057Principal Officer
Debra-Ellen Glickstein
Main Address
28-07 JACKSON AVENUE FLOOR 5, LONG ISLAND CITY, NY, 11101
Website
www.nyckidsrise.orgNTEE Category
Code: O50 - Youth development
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