Form 990 for tax year 2022

Totals

Total revenue

$20,758,091

Total expenses

$17,050,224

Contributions and grants received

$20,707,169

Grants paid

$11,177,455

Program service revenue

$0

Investment income

$50,922

Other revenue

$0

Total assets, end of year

$36,752,918

Total liabilities, end of year

$23,127,767

Net assets or fund balances, end of year

$13,625,151

Program services expenses (Part IX)

$15,648,673

Management and general expenses

$1,166,126

Fundraising expenses

$235,425

Program service expenses (Part III)

$15,648,673

Program services were 91.8% 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.

Mission and programs · 2022

• IN FY23, NYC KIDS RISE CONTINUED ITS CITYWIDE EXPANSION AND INTRODUCED A SECOND COHORT OF KINDERGARTENERS ACROSS NYC PUBLIC SCHOOLS INTO THE SAVE FOR COLLEGE PROGRAM. THIS IS THE SECOND YEAR OF CITYWIDE OPERATIONS, AND THE SIXTH YEAR OF OPERATIONS FOR THE PROGRAM. BY THE END OF THE YEAR, THE PROGRAM RECOGNIZED 143,066 TOTAL ACTIVE PARTICIPANTS, 71,917 OF WHICH WERE NEW PARTICIPANTS. EACH NEWLY ENROLLED STUDENT RECEIVED AN NYC SCHOLARSHIP ACCOUNT WITH AN INITIAL $100. STUDENTS HAVE THE OPPORTUNITY TO EARN ADDITIONAL SCHOLARSHIP DOLLARS WHEN THEIR PARENT/GUARDIANS COMPLETE ADDITIONAL STEPS (THE BUILDING BLOCKS) INCLUDING ACTIVATING AND VIEWING THEIR CHILD'S NYC SCHOLARSHIP ACCOUNT. DURING THIS FISCAL YEAR, NYC KIDS RISE DEPOSITED MORE THAN $11.2 MILLION INTO PARTICIPATING STUDENTS' NYC SCHOLARSHIP ACCOUNTS, INCLUDING SEED, REWARDS, AND COMMUNITY SCHOLARSHIPS.NYC KIDS RISE WORKED TO PROVIDE CAPACITY BUILDING, TECHNICAL ASSISTANCE AND EDUCATION TO FAMILIES, SCHOOLS, AND COMMUNITIES. SPECIFICALLY, NYC KIDS RISE DESIGNED AND IMPLEMENTED FAMILY-FACING WORKSHOPS WHERE FAMILIES COULD LEARN MORE ABOUT THE PLATFORM AND RECEIVE ASSISTANCE TO TAKE THE FOUNDATIONAL STEPS IN THE PROGRAM. IN TOTAL, 58 VIRTUAL WORKSHOPS WERE HELD FOR FAMILIES AND THE NYC KIDS RISE TEAM PARTICIPATED IN 57 IN-PERSON EVENTS TO PROVIDE INFORMATION TO FAMILIES AND PROVIDE TECHNICAL ASSISTANCE TO COMPLETE FOUNDATIONAL STEPS. NYC KIDS RISE OFFERED PROFESSIONAL DEVELOPMENT AND CAPACITY BUILDING TO ELEMENTARY SCHOOLS ACROSS NEW YORK CITY TO SUPPORT THEM IN THEIR EFFORTS TO USE THE PROGRAM AS A TOOL FOR COLLEGE AND CAREER READINESS AND WORKED IN PARTNERSHIP WITH NYC PUBLIC SCHOOLS TO SUPPORT SCHOOLS IN IMPLEMENTING KEY PIECES OF THE SAVE FOR COLLEGE PROGRAM CALENDAR. BY THE END OF THE FISCAL YEAR, OVER 70 PROFESSIONAL DEVELOPMENT SESSIONS WERE HELD FOR SCHOOL STAKEHOLDERS WITH OVER 1,300 ATTENDEES PARTICIPATING ACROSS ALL SESSIONS. IN ADDITION, NYC KIDS RISE LAUNCHED THE DISTRICT LIAISON LEARNING COMMUNITY TO FURTHER CAPACITY BUILDING EFFORTS AT THE DISTRICT-LEVEL TO FAMILIARIZE DISTRICT LIAISONS WITH PROGRAM RESOURCES, PROVIDE TURNKEY COMMUNICATIONS / TOOLS, AMPLIFY DIVERSE MODELS OF THE DISTRICT LIAISON ROLE, AND CREATE SPACE FOR PEER TO PEER LEARNING. DURING THE FISCAL YEAR, NYC PUBLIC SCHOOLS ALSO DEVELOPED A FIFTH GRADE FINANCIAL CURRICULUM EXTENSION FOR THE PILOT SCHOOL DISTRICT.DURING THIS TIME PERIOD, NYC KIDS RISE CONTINUED TO PROTOTYPE NEW KINDS OF COMMUNITY SCHOLARSHIPS DEMONSTRATING HOW VARIOUS INSTITUTIONS AND ORGANIZATIONS CAN LEVERAGE THE PLATFORM TO SUPPORT STUDENTS ACROSS THE CITY. THIS INCLUDED THE $1.2M EAST FLATBUSH + CANARSIE COMMUNITY SCHOLARSHIP AND THE $1M HARLEM COMMUNITY SCHOLARSHIP AS WELL AS THE DEVELOPMENT AND IMPLEMENTATION OF THE FIRST-EVER RECURRING COMMUNITY SCHOLARSHIP, KOEPPEL KARES COMMUNITY SCHOLARSHIP.

  Expenses $15,648,673 · Grants $11,177,455

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

2022

Filed

2 May 2024

IRS schema version

2022v5.0

Source object

202411239349302096

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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