EIN 81-4526739

Nyc Kids Rise

IRS 501(c) type
501(c)(3)
Num. employees
23
Year formed
2016
Most recent tax filings
2022-06-01
NTEE code, primary
Description
Nyc Kids Rise is a nonprofit organization that works to expand economic opportunity and equity by providing families, schools, and communities with a way to work together to save for their children's education. In FY 2022, Nyc Kids Rise enrolled its first cohort of kindergarteners citywide in the Save for College program, increasing the total number of enrolled students to more than [number].
Total revenues
$22,560,094
2022
Total expenses
$14,069,217
2022
Total assets
$19,914,556
2022
Num. employees
23
2022

Program areas at Nyc Kids Rise

In fy 2022, Nyc Kids Rise enrolled its first cohort of kindergarteners citywide in Nyc public schools in the save for college program (this was the 5th year of operation for the nonprofit). This increased the total number of enrolled students to more than 77,200 active participants (65,938 were new participants) -- 97% of those eligible. Each newly enrolled student received an Nyc scholarship account (a shadow account within ny's college savings program direct plan). During this fiscal year, Nyc Kids Rise deposited more than $7.1m into participating students' Nyc scholarship accounts, including family-earned rewards and community scholarships from local and citywide organizations and individuals. During the fiscal year, Nyc Kids Rise raised over $2.1m in community scholarships. Nyc Kids Rise implemented pieces of the save for college program school calendar in partnership with the Nyc department of education, which included key anchor events such as Nyc scholarship month in may (because the citywide accounts opened in late april, during fy 22 Nyc scholarship month was celebrated in may, whereas in past and future years it is celebrated in january); and kindergarten graduation in june. Nyc Kids Rise also provided training to parent coordinators, secretaries, teachers, and other school staff from the over 1000 participating public schools, to help them take the lead on supporting every participating student to activate and view their Nyc scholarship accounts. Nyc Kids Rise also supported distribution of (and professional development of) the kindergarten financial education curriculum extensions. In addition, Nyc Kids Rise designed and implemented 26 virtual family-facing workshops where families could learn more about the platform and receive assistance to take the foundational steps in the program; and hosted 3 trainings for the ccity's financial empowerment centers and their counselors. Finally, Nyc Kids Rise continued to advance system changes to expand access to college savings products for Nyc's diverse low-income families, including advocating for apprenticeship programs to be a qualified use in the ny 529 program.

Grants made by Nyc Kids Rise

GranteeGrant descriptionAmount
Queens Community House (QCH)Cbo Project$10,000
Jacob A. Riis Neighborhood Settlement HouseCbo Project$10,000
Make the Road New York (MRNY)Cbo Project$10,000
...and 3 more grants made

Who funds Nyc Kids Rise

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Gray FoundationTo Further the Exempt Purpose of the Organization.$5,000,000
Bloomberg PhilanthropiesScholarship Program$1,000,000
Chase and Stephanie Coleman FoundationCommunity$1,000,000
...and 9 more grants received

Personnel at Nyc Kids Rise

NameTitleCompensation
Murray AbelesChief of Administration and Finance$179,721
Jacqueline MatosChief of Staff / Senior Project Manager$101,981
Leila BozorgChief of Strategy and Policy$179,721
Debra-Ellen GlicksteinExecutive Director$179,750
Florence JuillardSenior Director , Platform Design / Director of Special Projects$130,771
...and 8 more key personnel

Financials for Nyc Kids Rise

RevenuesFYE 06/2022
Total grants, contributions, etc.$22,559,376
Program services$0
Investment income and dividends$718
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$22,560,094

Form 990s for Nyc Kids Rise

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2021-062022-07-11990View PDF
2020-062021-05-25990View PDF
2019-062021-01-27990View PDF
2018-062019-06-19990View PDF
...and 1 more Form 990
Data update history
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 4 new personnel
May 15, 2023
Received grants
Identified 1 new grant, including a grant for $25,000 from Brooklyn Community Foundation
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 2, 2022
Received grants
Identified 1 new grant, including a grant for $82,093 from PayPal Giving Fund
Nonprofit Types
SchoolsEducational service providersYouth service charitiesCharities
Issues
EducationHuman servicesChildren
Characteristics
Receives government fundingProvides scholarshipsTax deductible donations
General information
Address
28-07 Jackson Ave Floor 5
Long Island City, NY 11101
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Queens County, NY
Website URL
nyckidsrise.org/ 
Phone
(718) 593-3057
IRS details
EIN
81-4526739
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
624110: Child and Youth Services
Parent/child status
Independent
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