Working In Support Of Education
- Assets
- $3.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 17
- Location
- New York, NY
- Founding
- 06/1999
- Data as of
- 07/2023
- EIN
- 13-4024627
Organization Overview
Working In Support Of Education is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 07/2023, Working In Support Of Education employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Working In Support Of Education is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Working In Support Of Education generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.6m during the year ending 07/2023. While expenses have increased by 1.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE ECONOMIC MOBILITY THROUGH PROGRAMS THAT DEVELOP FINANCIAL LITERACY AND READINESS FOR COLLEGE AND CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERY DAY, THROUGH AWARD-WINNING PROGRAMS AND SERVICES, W!SE TRANSFORMS THE LIVES OF THOUSANDS OF STUDENTS, EDUCATORS AND ADULTS FROM ALL CORNERS OF THE U.S. WE PROVIDE HIGH SCHOOL TEACHERS WITH THE TRAINING AND TOOLS TO HELP THEIR STUDENTS BECOME FINANCIALLY LITERATE YOUNG ADULTS. WE OFFER THESE STUDENTS AN OPPORTUNITY TO EARN OUR COVETED FINANCIAL LITERACY CERTIFICATION; WE INSPIRE YOUNG PEOPLE TO DEVELOP THE PASSION AND SKILLS TO BECOME BETTER PREPARED FOR COLLEGE AND CAREERS; AND WE GUIDE ADULTS FROM ALL WALKS OF LIFE, ESPECIALLY THOSE WHO ARE UNDERSERVED AND VULNERABLE, ONTO A PATH OF FINANCIAL INDEPENDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Frankfort Perillo President/ceo, Director | OfficerTrustee | 40 | $287,423 |
David Anderson Executive Vice President | OfficerTrustee | 40 | $190,820 |
Kresimir Marusic Chair | OfficerTrustee | 2 | $0 |
Kamala Anantharam Vice Chair & Treasurer | OfficerTrustee | 2 | $0 |
Todd Wolynski Secretary | OfficerTrustee | 2 | $0 |
James Abry Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Its Testing | 7/30/20 | $154,063 |
Ihs Premium Billing Insur | 7/30/20 | $103,674 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $222,696 |
| Related organizations | $0 |
| Government grants | $27,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $937,090 |
| Noncash contributions included in lines 1a–1f | $129 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,187,671 |
| Total Program Service Revenue | $1,503,593 |
| Investment income | $31,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,470 |
| Net Income from Fundraising Events | -$14,867 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,775,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,625 |
| Grants and other assistance to domestic individuals. | $35,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $410,804 |
| Compensation of current officers, directors, key employees. | $153,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $988,884 |
| Pension plan accruals and contributions | $28,829 |
| Other employee benefits | $69,165 |
| Payroll taxes | $93,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $111,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,510 |
| Fees for services: Other | $69,696 |
| Advertising and promotion | $2,270 |
| Office expenses | $31,330 |
| Information technology | $381,588 |
| Royalties | $0 |
| Occupancy | $96,533 |
| Travel | $145,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,256 |
| Insurance | $14,532 |
| All other expenses | $0 |
| Total functional expenses | $2,601,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,870 |
| Savings and temporary cash investments | $1,393,185 |
| Pledges and grants receivable | $2,471 |
| Accounts receivable, net | $496,647 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,927 |
| Net Land, buildings, and equipment | $42,710 |
| Investments—publicly traded securities | $612,586 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $17,042 |
| Other assets | $151,727 |
| Total assets | $3,095,165 |
| Accounts payable and accrued expenses | $131,275 |
| Grants payable | $93,743 |
| Deferred revenue | $4,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $631,376 |
| Total liabilities | $860,394 |
| Net assets without donor restrictions | $1,944,465 |
| Net assets with donor restrictions | $290,306 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,095,165 |