Cec Stuyvesant Cove Inc

Nonprofit profile at a glance

EIN
522440116
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Long Island City, NY, USA
Phone
2125056050
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Natural Resources Conservation and Protection

Official website

Reported finances

Revenue
$7,422,585
Expenses
$8,103,046
Assets
$6,803,772
Liabilities
$2,904,127

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

28 people listed

Executive titles in this filing

  • STEPHEN LEVIN (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • STEPHEN LEVIN (CHIEF EXECUTIVE OFFICER): $289,146 total reported compensation
  • NANCY WEBER (CHIEF OPERATING OFFICER): $176,363 total reported compensation
  • SARA RADELET (CHIEF EXTERNAL AFFAIRS OFFICER): $165,124 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide education and resources that create more sustainable and resilient urban environments. We change the way people think about energy, sustainability, and resilience by engaging and educating a diverse set of stakeholders.

What it reported doing in 2024

Our programs help individuals and communities explore new ways of living and working that are more adaptive to a changing world. We do this through a number of education and outreach programs. Our largest programs are: our k-12 education program; here comes solar program; green workforce training program; clean energy communities program; and management of stuyvesant cove park on the east river at 23rd street in manhattan. Education: through our k-12 green design lab education program, we have reached students and teachers in over 1,000 schools. Our k-12 education program provides classroom delivery, field trips, work based learning, professional development for teachers, and environmental stem curriculum. We reach thousands of youth per year with hands-on environmental stem education programming. Here comes solar provides comprehensive technical assistance to high-barrier markets, including community organizations, affordable housing providers and residents, and renters, to make solar cost-effective and accessible to all. We focus on low-income communities and communities of color who face disproportionate challenges to accessing the economic benefits of solar.the green workforce program provides under- and unemployed individuals with education, certifications and hands-on experience in sustainable construction, building operations and maintenance, hvac, energy efficiency and solar pv. The team works in partnership with many cbos and nonprofits across the city to provide a full-service workforce development program that reaches or exceeds a 75% job placement rate year-over-year.clean energy communities programs: through our clean energy communities program, we provide technical assistance to New York city agencies in order to reduce greenhouse gas emissions in the public and private sectors.stuyvesant cove park: through programming at stuyvesant cove park, a unique public green space on a former industrial site, we teach the public about interdependencies of native plants, wildlife, and people, and the potential for urban ecological restoration and renewal. The solar one environmental education center (s1eec) is being constructed in stuyvesant cove park with a projected opening in early 2025. As currently planned, it will be a fully resilient building with photovoltaic solar and battery storage, with classrooms and office space, and will be available for a range of special event programming.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 84
  • Accountability: 95
  • Sustainability: 21
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.9%; rating input score 84
  • Program expense ratio: 76.9%; rating input score 77
  • Fundraising efficiency: $6.8 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: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • 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 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9.2%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.84; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 16.4%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 10.2% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 9% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 11.6% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 83.9% of revenue deployed · 76.9% of spending went to programs
  • Governance: 18 of 18 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6.2M in reported program spending
  • Leadership: top reported pay $289K · 28 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.1M reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 25/100.
  • High — Sustainability: Operating margin scored 14/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.