Jobsfirstnyc

What it reported doing in 2024

Program:1. Community inspired networks for change (communityinc)in 2024, after two years of strategic conversations with local and national stakeholders, jobsfirstnyc launched community inspired networks for change (communityinc) to expand opportunity and economic mobility for young adults and their communities nationwide. Leveraging the successful jobsfirstnyc model, we are currently incubating and accelerating a network of place-based workforce intermediaries and supportive workforce funder collaboratives, nationally. The communityinc approach connects leaders and systems through a standing intermediary dedicated to driving a networked approach to inform capacity building, investment, policy and sustainability.2.raising consciousness/systems change and public policyprogram description: using the lessons learned from our on-the-ground practice and robust research, we shape innovative policies that improve access to economic opportunities. Jobsfirstnyc focuses on policy change to prepare young adults for the future of work through a single-system strategy that embraces four key elements: 1. Data informed - uses and shares data to: (a) determine level and type of investment; (b) inform strategies for specific subgroups; and (c) measure system effectiveness.2. Coordinated funding - aligns public and private funding to coordinate all services and opportunities.3. Easy user access - keeps the end-user in mind by fostering a "no wrong door" approach and having a "one-stop shop" online platform and service delivery model that connects young adults to opportunities according to their interests, skills, and needs.4. Responsive program design - features longer on-ramps and off-ramps connected to social services and case management support that more accurately reflects the intensive needs of out-of-school, out-of-work young adults.by supporting young adults across a continuum, such a system should: intervene while young adults who are most at risk of becoming out of school and out of work are in high school; connect current out of school, out of work young adults to education and employment opportunities; and, advance young adults who are marginally connected to education and employment opportunities to ensure their financial security and independence. "

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 77.9%; rating input score 78
• Fundraising efficiency: $8.67 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 94.6%; rating input score 95; 29th percentile among comparable filings
• 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: 9 of 9 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: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -58.9%; rating input score 2; 2nd percentile among comparable filings
• Total-asset coverage ratio: 1.38; rating input score 49; 49th percentile among comparable filings
• Liabilities to assets ratio: 0.18; rating input score 46; 46th percentile among comparable filings
• Officer compensation ratio: 19.2%; rating input score 13; 13th percentile among comparable filings

Growth

• Program expense growth: 9.5% per year; rating input score 100; 62nd percentile among comparable filings
• Revenue growth: 11.7% per year; rating input score 100; 74th percentile among comparable filings
• Asset growth: 17.1% per year; rating input score 100; 79th percentile among comparable filings