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Nonprofiteer
← WORKING IN SUPPORT OF EDUCATION

Form 990 for tax year 2024

Filed by WORKING IN SUPPORT OF EDUCATION.

Totals

Total revenue
$3,001,119
Total expenses
$2,877,142
Contributions and grants received
$1,456,400
Grants paid
$10,375
Program service revenue
$1,417,726
Investment income
$61,661
Other revenue
$65,332
Total assets, end of year
$3,606,413
Total liabilities, end of year
$1,002,873
Net assets or fund balances, end of year
$2,603,540
Program services expenses (Part IX)
$1,990,220
Management and general expenses
$359,908
Fundraising expenses
$527,014
Program service expenses (Part III)
$1,990,220

Program services were 69.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $174,642

  • 1e · Government grants (contributions)

    $13,000

  • 1f · All other contributions, gifts and grants

    $1,268,758

  • 2a · Program service revenue: PROGRAM AND SERVICE FE

    total $1,417,726 · related or exempt $1,417,726

  • 3 · Investment income

    total $66,724 · excluded $66,724

  • 7a · Gross sales of assets other than inventory

    securities $248,681

  • 7b · Less cost or other basis and sales expenses

    securities $253,744

  • 7c · Gain or loss

    securities -$5,063

  • 7d · Net gain or loss

    total -$5,063 · excluded -$5,063

  • 8a · Fundraising events: gross income

    $172,960

  • 8a · Fundraising events: contributions included on line 1c

    $174,642

  • 8b · Fundraising events: direct expenses

    $111,511

  • 8c · Net income from fundraising events

    total $61,449 · excluded $61,449

  • 11a · Other revenue: OTHER INCOME

    total $3,007 · excluded $3,007

  • 11b · Other revenue: TRANSLATION ADJUSTMENT

    total $876 · excluded $876

  • 11e · Other revenue, total

    $3,883

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,875 · program services $4,875

  • 2 · Grants to domestic individuals

    total $5,500 · program services $5,500

  • 5 · Compensation of officers, directors and key employees

    total $292,800 · program services $117,120 · management and general $73,200 · fundraising $102,480

  • 7 · Other salaries and wages

    total $1,225,589 · program services $842,874 · management and general $38,803 · fundraising $343,912

  • 8 · Pension plan contributions

    total $83,456 · program services $57,104 · management and general $2,777 · fundraising $23,575

  • 9 · Other employee benefits

    total $76,985 · program services $52,815 · management and general $2,456 · fundraising $21,714

  • 10 · Payroll taxes

    total $121,379 · program services $78,654 · management and general $7,392 · fundraising $35,333

  • 11c · Fees: accounting

    total $142,072 · program services $32,058 · management and general $110,014

  • 11f · Fees: investment management

    total $5,529 · management and general $5,529

  • 11g · Fees: other

    total $76,253 · program services $62,698 · management and general $13,555

  • 12 · Advertising and promotion

    total $1,278 · program services $162 · management and general $1,116

  • 13 · Office expenses

    total $41,319 · program services $15,805 · management and general $25,514

  • 14 · Information technology

    total $420,410 · program services $400,711 · management and general $19,699

  • 16 · Occupancy

    total $101,664 · program services $83,094 · management and general $18,570

  • 17 · Travel

    total $106,710 · program services $102,090 · management and general $4,620

  • 19 · Conferences, conventions and meetings

    total $120,581 · program services $108,843 · management and general $11,738

  • 22 · Depreciation, depletion and amortization

    total $23,802 · program services $8,938 · management and general $14,864

  • 23 · Insurance

    total $9,121 · management and general $9,121

  • 24a · Other expenses: AWARDS & BANNERS

    total $14,860 · program services $14,860

  • 24b · Other expenses: STATE REGISTRATIONS

    total $2,959 · program services $2,019 · management and general $940

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $626,394 · end of year $335,687

  • 2 · Savings and temporary cash investments

    beginning of year $1,257,941 · end of year $1,652,770

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $527,367

  • 4 · Accounts receivable

    beginning of year $169,813 · end of year $218,303

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,245 · end of year $12,832

  • 10a · Land, buildings and equipment: cost or other basis

    $241,471

  • 10b · Land, buildings and equipment: accumulated depreciation

    $209,037

  • 10c · Land, buildings and equipment, net

    beginning of year $24,778 · end of year $32,434

  • 11 · Investments: publicly traded securities

    beginning of year $656,589 · end of year $677,064

  • 14 · Intangible assets

    beginning of year $8,938 · end of year $0

  • 15 · Other assets

    beginning of year $58,600 · end of year $149,956

  • 17 · Accounts payable and accrued expenses

    beginning of year $134,192 · end of year $128,927

  • 18 · Grants payable

    beginning of year $88,212 · end of year $80,360

  • 19 · Deferred revenue

    beginning of year $114,000 · end of year $184,665

  • 25 · Other liabilities

    beginning of year $57,557 · end of year $608,921

  • 27 · Net assets without donor restrictions

    beginning of year $1,983,798 · end of year $2,138,751

  • 28 · Net assets with donor restrictions

    beginning of year $446,539 · end of year $464,789

Mission and programs · 2024

Mission

THE MISSION OF W!SE IS TO IMPROVE ECONOMIC MOBILITY THROUGH PROGRAMS THAT DEVELOP FINANCIAL LITERACY AND READINESS FOR COLLEGE AND CAREERS. OUR SUCCESS IS BUILT ON FIVE PILLARS RELEVANCY, DIGITAL LEADERSHIP, REAL-WORLD EXPERIENCES, VOLUNTEERISM, AND EVALUATION.

Activities or mission (Part I)

TO IMPROVE ECONOMIC MOBILITY THROUGH PROGRAMS THAT DEVELOP FINANCIAL LITERACY AND READINESS FOR COLLEGE AND CAREERS.

  • FINANCIAL LITERACY PROGRAMTHE FINANCIAL LITERACY CERTIFICATION PROGRAM PREPARES HIGH SCHOOL STUDENTS TO GRADUATE AS FINANCIALLY CAPABLE YOUNG ADULTS. SCHOOLS TEACH PERSONAL FINANCE AND ADMINISTER OUR NATIONAL, STANDARDIZED CERTIFICATION TEST, SUPPORTED BY W!SE'S PROFESSIONAL DEVELOPMENT, STANDARDS-ALIGNED RESOURCES, ONLINE PRACTICE QUIZZES, AND OPTIONAL PRETESTING. STUDENTS WHO PASS EARN THE W!SE CERTIFIED FINANCIALLY LITERATE (CFL) CREDENTIAL, RECOGNIZED BY COLLEGES AND EMPLOYERS. SCHOOLS AND TEACHERS ARE ALSO ACKNOWLEDGED FOR STUDENT ACHIEVEMENT, INCLUDING THROUGH THE ANNUAL "W!SE 100 BEST HIGH SCHOOLS TEACHING PERSONAL FINANCE" RANKING.

    Expenses $1,125,226 · Grants $1,876 · Revenue $995,357

  • EURO CHALLENGE PROGRAMTHE EURO CHALLENGE IS A NATIONAL COMPETITION THAT INVITES HIGH SCHOOL STUDENTS TO LEARN ABOUT THE EURO AREA ECONOMY AND APPLY THEIR KNOWLEDGE TO REAL-WORLD ISSUES. STUDENTS WORK IN TEAMS TO RESEARCH A EURO-AREA COUNTRY, ANALYZE AN ECONOMIC CHALLENGE IT FACES, AND PRESENT POLICY RECOMMENDATIONS TO A PANEL OF JUDGES. THE PROGRAM BUILDS ECONOMIC LITERACY, PUBLIC SPEAKING SKILLS, TEAMWORK, AND GLOBAL AWARENESS WHILE GIVING STUDENTS A HANDS-ON OPPORTUNITY TO THINK LIKE POLICYMAKERS.

    Expenses $325,678 · Grants $2,174 · Revenue $387,765

  • W!SE INSTITUTETHE W!SE INSTITUTE IS A COLLEGE AND CAREER READINESS PROGRAM EMBEDDED INTO THE REGULAR SCHOOL DAY AT NYC SCHOOLS. THROUGHOUT THE SCHOOL YEAR, STUDENTS PARTICIPATE IN A SERIES OF SEMINARS AND INTERNSHIP OPPORTUNITIES LED BY VOLUNTEERS FROM INDUSTRY AND EDUCATIONAL ORGANIZATIONS. THESE VOLUNTEERS BRING PROFESSIONAL EXPERTISE AND REAL-WORLD EXPERIENCE DIRECTLY INTO THE CLASSROOM.THE PROGRAM SERVES STUDENTS IN GRADES 8-12, OFFERING SEMINARS ACROSS A WIDE RANGE OF SUBJECTS, INCLUDING SUSTAINABILITY AND STEM, ECONOMICS AND FINANCE, BUSINESS, COMMUNICATION AND LAW, CAREER AND ACADEMIC SKILLS, AND ESSENTIAL LIFE SKILLS. THROUGH THESE ENGAGING, PRACTICAL SESSIONS, STUDENTS GAIN CURRENT, RELEVANT KNOWLEDGE THAT SUPPORTS THEIR ACADEMIC SUCCESS AND PREPARES THEM FOR FUTURE COLLEGE AND CAREER PATHWAYS.

    Expenses $266,714 · Grants $5,095 · Revenue $25,104

  • DOMESTIC VIOLENCE PROGRAM - MONEYW!SECREATED IN 2009 AND CURRENTLY OFFERED IN 22 U.S. CITIES WITH 30 PARTNER SITES, MONEYW!SE IS A 10-12 SESSION COMPREHENSIVE PERSONAL FINANCE COURSE FOR DOMESTIC VIOLENCE SURVIVORS AND OTHER UNDERSERVED WOMEN'S GROUPS. MONEYW!SE HELPS ITS PARTICIPANTS DEVELOP THE FINANCIAL KNOWLEDGE, SKILLS AND CONFIDENCE TO BREAK FREE OF ABUSIVE RELATIONSHIPS AND FIND A PATHWAY TO FINANCIAL INDEPENDENCE. PARTICIPANTS TAKE A PRE-TEST TO BENCHMARK KNOWLEDGE PRIOR TO INSTRUCTION. ON THE LAST DAY, THEY TAKE W!SE'S FINANCIAL LITERACY CERTIFICATION TEST; THOSE PASSING BECOME "CERTIFIED FINANCIALLY LITERATE", A CREDENTIAL THAT CAN HELP THEM IN THEIR SEARCH FOR WORK. MONEYW!SE IS PROVIDED FREE OF CHARGE TO PARTNER CENTERS (E.G., YWCAS, FAMILY JUSTICE CENTERS, AND NON-PROFITS) AND THEIR CLIENTS. MONEYW!SE INSTRUCTORS OFFER THEIR SERVICES ON A VOLUNTEER BASIS. THEY COMPRISE SENIOR FINANCE EXPERTS FROM LEADING FINANCIAL INSTITUTIONS IN NYC AND ACROSS THE COUNTRY; MANY ARE CERTIFIED FINANCIAL PLANNERS (CFPS) RECRUITED BY FINANCIAL PLANNING ASSOCIATIONS IN CITIES WHERE MONEYW!SE IS OFFERED. EACH SESSION IS 90 MINUTES WITH THE INSTRUCTOR DEDICATING AT LEAST 3 HOURS/CLASS TO PREPARE FOR AND DELIVER THE SESSION. TO ENCOURAGE ATTENDANCE, A LIGHT MEAL, PUBLIC TRANSPORTATION CARDS/OTHER TRANSPORTATION COST SUPPORT, CHILDCARE, AND PARTICIPATION INCENTIVES (TYPICALLY GIFT CARDS) CAN BE OFFERED, THANKS TO EXTERNAL GRANT FINANCING. 90% OF PARTICIPANTS ARE LOWER, MIDDLE INCOME (LMI). AN AVERAGE OF 83% OF PARTICIPANTS EARN THE FINANCIAL LITERACY CERTIFICATION. QUALITY OF LIFETHE QUALITY OF LIFE INNOVATIONS (QLI) PROGRAM IS A PROJECT-BASED LEARNING EXPERIENCE THAT EMPOWERS STUDENTS TO RESEARCH A COMMUNITY ISSUE, DEVELOP AN EVIDENCE-BASED RECOMMENDATION, AND IMPLEMENT A REAL SOLUTION. THE PROGRAM BUILDS CIVIC READINESS, PROFESSIONAL SKILLS, AND ACADEMIC CONFIDENCE WHILE CONNECTING STUDENTS WITH MENTORS WHO SUPPORT THEIR GROWTH. IN APRIL, STUDENTS WILL SUBMIT THEIR WORK (A 10 TO 17-PAGE RESEARCH PROPOSAL) TO THE QLI COMPETITION WHERE THE WINNERS EARN COLLEGE SCHOLARSHIPS.

    Expenses $272,602 · Grants $1,230 · Revenue $9,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Anderson

    PRESIDENT/CEO

    Total calculated
    $263,383
    From this org
    $239,761
    From related orgs
    $0
    Other
    $23,622
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,761
    Bonus
    $0
    Other
    $0
    Deferred
    $11,654
    Nontaxable benefits
    $11,968
    Filer's total
    $263,383

  • Kresimir Marusic

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kamala Anantharam

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • James Abry

    SECRETARY/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kate Faraday

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hady Farag

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacques Friedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jasmine Golubic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Kasman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tatyana Kibrik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Victor Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phyllis Frankfort Perillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anneicia Richards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martin Smit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Stanziale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Warszawski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dario Stipisic

    SENIOR DIRECTOR, FINANCIAL

    Total calculated
    $169,110
    From this org
    $133,018
    From related orgs
    $0
    Other
    $36,092
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,018
    Bonus
    $0
    Other
    $0
    Deferred
    $7,820
    Nontaxable benefits
    $28,272
    Filer's total
    $169,110

  • Kristy Nguyen

    SENIOR VICE PRESIDENT

    Total calculated
    $171,864
    From this org
    $144,915
    From related orgs
    $0
    Other
    $26,949
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,915
    Bonus
    $0
    Other
    $0
    Deferred
    $11,373
    Nontaxable benefits
    $15,576
    Filer's total
    $171,864

  • Lilai Teckie

    ASSISTANT DIRECTOR OF DEVELOPMENT

    Total calculated
    $130,344
    From this org
    $105,842
    From related orgs
    $0
    Other
    $24,502
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
23 December 2025
IRS schema version
2024v5.2
Source object
202503579349300230

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