PLATINUM2024

New Yorkers For Children Inc.

aka New Yorkers For Children   |   New York, NY   |  www.newyorkersforchildren.org
GuideStar Charity Check

New Yorkers For Children Inc.

EIN: 13-3904537


Mission

New Yorkers for Children (NYFC) improves the well-being of youth and families in the child welfare system with an emphasis on older youth aging out of the system. NYFC provides direct educational, financial and emotional support and develops programs to fill gaps in the system in partnership with foster care agencies, community organizations, and the NYC Administration for Children’s Services.

Ruling year info

1997

Principal Officer

Alan Yu

Main address

450 Seventh Avenue Suite 1707

New York, NY 10123 USA

Show more contact info

EIN

13-3904537

Subject area info

Philanthropy

Family services

Youth services

Youth organizing

Population served info

Young adults

Foster and adoptive parents

Foster and adoptive children

Children and youth

NTEE code info

Youth Development Programs (O50)

Children's and Youth Services (P30)

Philanthropy / Charity / Voluntarism Promotion (General) (T50)

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

NYFC is a safety net for our citys most vulnerable and resilient young people. For this reason, our focus is on youth who are aging out of the system and are at the greatest risk of depression, poverty, homelessness, and interactions with the criminal justice system.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Spirit Award

The NYFC Spirit Award is a $10,000 college scholarship awarded to a young person in foster care who is succeeding in college with the help of New Yorkers For Children. Each year, the recipient is a young person who has demonstrated outstanding leadership skills, a commitment to community, and the determination and ability to overcome the barriers to academic success. The NYFC Spirit Award is presented at the Annual Fall Gala and the recipient becomes a spokesperson for NYC’s youth in foster care and the liaison to NYFC.

Population(s) Served
Young adults

Over the years, NYFC has sent thousands of Back-to-School Packaged to students in foster care, providing these deserving scholars the tools necessary to thrive during their educational or vocational experiences. NYFC is committed to providing these young people with the resources and support they need to become self-sufficient and successful adults. Each Back-to-School Package is valued at $1,000 and included a laptop, a Metrocard to help students travel to and from classes, and an Amazon gift card for books.

Population(s) Served


Emergency Grants
NYFC offers a suite of Emergency Funds to meet the needs of youth in and aged out of NYC foster care experiencing a crisis, whether they are in school or not. These include:

The Charles Evans Educational Emergency Fund which provides emergency supports to youth who have aged out of foster care and are enrolled in a vocational or undergraduate educational program
The In-Care Emergency Fund which provides emergency support, specifically for youth who are still in foster care and in the custody of the Administration for Childrens Services (ACS)
Two COVID-Relief Emergency Funds in response to identified need throughout the NYC child welfare field

Population(s) Served

Nicks Scholars is a comprehensive program that helps students realize their educational and personal goals by providing essential financial, academic, emotional, and peer support services. Services provided include:

Individual in-person college advisement and coaching meetings with NYFCs Youth Academic Advisor
Monthly stipends to cover living expenses
Tuition assistance and stipends for textbooks
Funding for summer or winter courses not covered by financial aid
Various networking and community-building social events
Referrals to personalized services such as academic tutoring, housing resources, specialized career counseling and private mental health services

Population(s) Served
Young adults
Young adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of clients served

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Across all programs.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The overarching goal of NYFCs direct services and grant management strategy is to increase the educational attainment, life skills, and career readiness of older youth in care and those aging out, and to support the New York City child welfare landscape by launching informative pilot programs.

NYFC provides direct services and scholarship support to about 1,000 youth annually, in addition to overseeing about 21 unique programs, including 47 private grants from foundations and corporations to support education programs and pilot initiatives in partnership with agencies and organizations in the child welfare landscape. Wherever possible, NYFC collaborates with the Administration for Children's Services (ACS) to ensure that the needs of this population are met.

For over 25 years NYFC has worked to enroll older foster youth in college, support them through graduation, and help them gain the skills needed to enter the workforce by providing:

Direct academic scholarship programs
Innovative pilot programs
Youth development events
Wraparound supports, including one-on-one academic coaching and mental health support
Technology for schoolwork
Emergency funding coupled with financial coaching

Additionally we are supported by a passionate and involved Board and staff, and have maintained numerous corporate and governmental partnerships.

Since our founding in 1996:

$70 million raised for youth in New York City
foster care
12,500 Back-To-School Packages
distributed to foster youth enrolled in higher
education programs
1,000 youth served annually across our
programs
90% persistence rate for participants in our
Nick's Scholars program
78% graduation rate across our programs,
compared to a 10% graduation rate for youth
aging out of foster care nationally

Financials

New Yorkers For Children Inc.
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 2022 Audited Financials 2011 Audited Finanacial Report For Fiscal Years 2011 and 2010
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

4.80

Average of 11.36 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

17.7

Average of 10.8 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

14%

Average of 21% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

New Yorkers For Children Inc.

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

New Yorkers For Children Inc.

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

New Yorkers For Children Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of New Yorkers For Children Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$71,085 $447,947 $364,704 $581,962 $97,797
As % of expenses -2.1% 13.3% 7.7% 13.9% 2.0%
Unrestricted surplus (deficit) after depreciation -$75,662 $434,562 $352,702 $571,340 $85,590
As % of expenses -2.2% 12.8% 7.4% 13.6% 1.7%
Revenue composition info
Total revenue (unrestricted & restricted) $4,477,611 $2,199,262 $5,424,203 $8,496,131 $2,661,165
Total revenue, % change over prior year 60.8% -50.9% 146.6% 56.6% -68.7%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 1.9% 4.1% 1.1% 0.7% 4.1%
Government grants 2.8% 14.7% 6.0% 1.7% 0.0%
All other grants and contributions 95.3% 81.2% 93.0% 97.6% 95.9%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $3,416,096 $3,379,058 $4,765,405 $4,198,399 $4,982,640
Total expenses, % change over prior year 17.0% -1.1% 41.0% -11.9% 18.7%
Personnel 22.2% 24.5% 18.8% 21.7% 22.9%
Professional fees 8.1% 3.6% 2.3% 3.9% 10.0%
Occupancy 4.7% 4.9% 3.2% 2.8% 3.3%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 24.0% 42.1% 63.2% 59.4% 59.7%
All other expenses 41.0% 24.9% 12.5% 12.3% 4.1%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $3,420,673 $3,392,443 $4,777,407 $4,209,021 $4,994,847
One month of savings $284,675 $281,588 $397,117 $349,867 $415,220
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $23,951 $0 $0 $16,114 $44,834
Total full costs (estimated) $3,729,299 $3,674,031 $5,174,524 $4,575,002 $5,454,901

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 9.1 8.2 8.4 20.3 17.7
Months of cash and investments 18.6 18.4 15.9 29.5 25.3
Months of estimated liquid unrestricted net assets 7.8 9.5 7.6 10.3 8.8
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $2,582,336 $2,301,947 $3,316,370 $7,091,016 $7,351,091
Investments $2,721,799 $2,873,169 $3,000,010 $3,244,026 $3,172,801
Receivables $2,781,025 $1,923,457 $1,934,874 $2,547,279 $363,031
Gross land, buildings, equipment (LBE) $84,119 $84,119 $88,889 $105,002 $132,587
Accumulated depreciation (as a % of LBE) 59.3% 75.3% 84.7% 81.8% 61.0%
Liabilities (as a % of assets) 5.1% 3.4% 8.2% 6.7% 18.9%
Unrestricted net assets $2,254,677 $2,689,239 $3,041,941 $3,613,281 $3,698,871
Temporarily restricted net assets $4,756,208 N/A N/A N/A N/A
Permanently restricted net assets $850,950 N/A N/A N/A N/A
Total restricted net assets $5,607,158 $4,276,438 $4,642,349 $8,556,953 $5,707,187
Total net assets $7,861,835 $6,965,677 $7,684,290 $12,170,234 $9,406,058

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Principal Officer

Alan Yu

Number of employees

Source: IRS Form 990

New Yorkers For Children Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

New Yorkers For Children Inc.

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

New Yorkers For Children Inc.

Board of directors
as of 04/30/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Susan Burden

Organizational demographics

SOURCE: Self-reported; last updated 4/30/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Asian/Asian American

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser