Greyston Foundation Inc

What it reported doing in 2024

Greyston unlocks the power of human potential through inclusive employment, one person at a time. We are leading the effort to develop effective solutions that address the underlying causes of employment challenges through our new greyston employment opportunity center (geoc). The geoc provides services in four areas: inclusive hiring services, transitional employment, workforce development, and programs for young adults. Inclusive hiring servicesgreyston provides support to businesses in adopting inclusive hiring practices through mentoring, an e-learning portal, data collection, and recruitment. These programs are dedicated to the replication of greyston's open hiring model and/or variations thereof. Our inclusive hiring services have realized 1,350 new jobs since inception. Inclusive hiring has been shown to: reduce time-to-hire by 80%, reduce hiring costs up to 93%, increase positive perception of work culture and trust in employer, and generate positive economic impact directly to the local community.transitional employmentgreyston provide re-entry services for justice-involved individuals, giving them an opportunity to reenter society with dignity. Greyston serves an average of 75 recently released citizens annually through our apprenticeship programs. Through these services, the recidivism rate among program participants is 4.2%, compared to a national rate of 44%.workforce developmentgreyston provides industry-recognized certification, occupational training, and education programs in high-demand sectors such as it, healthcare, business, construction, security, and hospitality. Students earn an average of 24% above the minimum wage in New York state. In 2022, greyston served individuals who completed workforce training. Greyston provided case management services to over 100 individuals in 2022. More than two-thirds of case management clients received 2 or more services.programs for young adultsgreyson provides interpersonal and occupational training programs paired with comprehensive case management to young adults. Upon completion of training, clients are connected to internships, apprenticeships, and/or job placement in addition to a full year of wraparound social services. Greyston has served 248 individuals served since the program's inception, 187 participants received nationally accredited job skills training, and 136 graduates placed in full-time positions.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 50.4%; rating input score 50
• Fundraising efficiency: $5.5 raised per $1 spent on fundraising; rating input score 20; 20th 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: Pass
  • Independent consultant: Missing
  • 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: 88.9%; rating input score 89; 22nd percentile among comparable filings
• Governance controls: 4 of 9 controls in place; rating input score 44
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -255.3%; rating input score 0; 0th percentile among comparable filings
• Total-asset coverage ratio: 5.97; rating input score 87; 87th percentile among comparable filings
• Liabilities to assets ratio: 0.28; rating input score 26; 26th percentile among comparable filings
• Officer compensation ratio: 19.9%; rating input score 15; 15th percentile among comparable filings

Growth

• Program expense growth: 10.5% per year; rating input score 100; 64th percentile among comparable filings
• Revenue growth: 4.5% per year; rating input score 100; 41st percentile among comparable filings
• Asset growth: 6% per year; rating input score 100; 43rd percentile among comparable filings