Boys Hope Girls Hope of NY Inc

What it reported doing in 2024

Our Scholar's academic achievement made for another year of great academic success. Our senior class (7 scholars) for the tenth year in a row received 100%acceptance into four-year colleges and universities. In total, they earned 87 acceptances to 55 different schools and nearly 1.3 million dollars in college scholarshipsand grant. Colleges that Class of 2021 will be matriculating in the fall include University at Buffalo, Messiah University, Villanove University, Buffalo State College, Macaulaly Honors at Brooklyn Colege, University at Albany, among others. Despite the challenges that our scholars have faced and continue to face in their lives, they consistently show the grit and determination to succeed. Their hard work, resilience, resolve, and accomplishments inspire us all, and we are grateful for thesupport of our donors, stakeholders, and community partners who share our belief that motivated youth can overcome significant barriers and develop their inherenttalents when surrounded by strong relationships and opportunities for enrichment in an environment that empowers them and allows them to focus on theirstrengths. Snapshot of the Years Success:87% College Retention Rate (Class of 2016-Class of 2019). 58 collegians out of 67 are on track to graduate within 4 years.100% of our 7 graduating scholars were accepted into 4-year colleges. Combined, they received 87 acceptances to 55 different schools. 5 out of 7 had their fullfinancial need met, 4 out of 7 received full scholarships to one more collegeOur graduating class earned nearly 1.3 million dollars in grant and scholarship aid.

Financial Efficiency

• Mission deployment rate: 66.5%; rating input score 67
• Program expense ratio: 71.4%; rating input score 71
• Fundraising efficiency: $6.69 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 8.5%; rating input score 59; 59th percentile among comparable filings
• Total-asset coverage ratio: 1.48; rating input score 51; 51st percentile among comparable filings
• Liabilities to assets ratio: 0.17; rating input score 47; 47th percentile among comparable filings
• Officer compensation ratio: 8.7%; rating input score 34; 34th percentile among comparable filings

Growth

• Program expense growth: -2.8% per year; rating input score 0; 7th percentile among comparable filings
• Revenue growth: 4.8% per year; rating input score 100; 39th percentile among comparable filings
• Asset growth: 20.1% per year; rating input score 100; 84th percentile among comparable filings