Nyc Kids Rise Inc

What it reported doing in 2024

In fy25, nyc kids rise continued its citywide expansion, bringing in a new cohort of kindergarteners across nyc public schools into the save for college program, extending citywide eligibility to nyc public schools students between kindergarten and third grade. This is the fourth year of citywide operations, and the eigth year of operations for the program. By the end of the year, the program recognized more than 277,000 active participants, bringing in 79,301 new participants during the year. 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) and through community scholarships. During this fiscal year, nyc kids rise deposited more than $10.2 million into participating students' nyc scholarship accounts, including seed, rewards, and community scholarships.nyc kids rise also continued to provide capacity building, technical assistance and education to families, schools, and communities. In fy25, the organization launched a community-based financial empowerment infrastructure initiative in partnership with three local cbos to expand focus on building block 2 and building block 3 steps with families in two target districts for the program (d30 in queens and d7 in the bronx). Nyc kids rise also held 175 family-facing events over the course of the year between school and district-level events, outreach events in collaboration with resident associations and community based organizations. These events provided information to families and provided technical assistance to complete foundational steps. Nyc kids rise also offered 44 professional learning sessions for the approximately 1000 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 assist families in learning about the program and activating and viewing their nyc scholarship accounts for the first time.during this time period, nyc kids rise continued to build out its platform for community scholarships, demonstrating how various institutions and organizations can leverage the platform to support students across the city. The second annual alumni community scholarship campaign brought in leadership from nearly 100 nyc public school alumni, represeting every nyc school district, and resulted in approximately $325,000 being invested in the scholarship accounts of nearly 6,000 student accounts.

Financial Efficiency

• Mission deployment rate: 95.6%; rating input score 96
• Program expense ratio: 88.7%; rating input score 89
• Fundraising efficiency: $33.9 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • 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: 100%; rating input score 100; 72nd 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; 66th 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: -7.7%; rating input score 13; 13th percentile among comparable filings
• Total-asset coverage ratio: 2.92; rating input score 74; 74th percentile among comparable filings
• Liabilities to assets ratio: 0.74; rating input score 16; 16th percentile among comparable filings
• Officer compensation ratio: 7.4%; rating input score 33; 33rd percentile among comparable filings

Growth

• Program expense growth: 31.3% per year; rating input score 100; 95th percentile among comparable filings
• Revenue growth: 28.6% per year; rating input score 100; 96th percentile among comparable filings
• Asset growth: 41% per year; rating input score 100; 98th percentile among comparable filings