Nyc First Inc

Organization Overview

Nyc First Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2021, Nyc First Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyc First Inc 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 06/2021, Nyc First Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 12.7% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O.TO INSPIRE YOUNG PEOPLE TO BE SCIENCE AND TECHNOLOGY LEADERS, BY ENGAGING THEM IN EXCITING MENTOR-BASED PROGRAMS THAT BUILD SCIENCE, ENGINEERING AND TECHNOLOGY SKILLS, THAT INSPIRE INNOVATION, AND THAT FOSTER WELL-ROUNDED LIFE CAPABILITIES INCLUDING SELF-CONFIDENCE, COMMUNICATION, AND LEADERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O.NYC FIRST MANAGES ALL THREE FIRST PROGRAMS (FIRST LEGO LEAGUE, FIRST TECH CHALLENGE AND FIRST ROBOTICS COMPETITION) SERVING STUDENTS AGES 5 TO 18 IN THE FIVE BOROUGHS OF NYC AS WELL AS SOME OF THE SURROUNDING METROPOLITAN AREA. EACH OF THE PROGRAMS IS DESIGNED TO PROVIDE INNOVATIVE SKILL BUILDING IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH THROUGH HANDS-ON, TEAM BASED ACTIVITIES. MOST OF THE ACTIVITY TAKES PLACE AS AFTER SCHOOL PROGRAMS WITH SOME COMMUNITY BASED ACTIVITIES AND SOME IN CLASSROOM TRAINING. NYC FIRST ALSO RAN A RANGE OF REMOTE PROGRAMS AT ITS TWO STEM CENTERS, INCLUDING YEAR-LONG HIGH SCHOOL COURSES, AFTER-SCHOOL AND WEEKEND WORKSHOPS, AND SUMMER PROGRAMS. NYC FIRST'S STEM CENTERS PROVIDE STUDENTS WITH IMMERSIVE AND SUSTAINED STEM EDUCATION FOCUSED ON TECHNOLOGY AND ENGINEERING. IN A CENTRALIZED LOCATION, EACH STEM CENTER PROVIDES LOCAL HIGH SCHOOLS WITH ACCESS TO FACILITIES AND EQUIPMENT TOO SCARCE AND EXPENSIVE TO PROCURE, MAINTAIN AND SCALE IN INDIVIDUAL SCHOOLS. THE CENTERS ALSO PROVIDE OPPORTUNITIES FOR STUDENTS AND TEACHERS TO LEARN FROM PROFESSIONALS WHO HAVE DEEP KNOWLEDGE OF ADVANCED STEM MACHINES AND TOOLS. EACH STEM CENTER PROVIDES A HANDS-ON, COLLABORATIVE LEARNING EXPERIENCE INITIALLY FOCUSED ON ROBOTICS AND MECHATRONICS, USING ADVANCED EQUIPMENT AND TOOLS, INCLUDING LASER CUTTERS, 3D PRINTERS, CNC ROUTERS, DRILL PRESSES, AND OTHER ITEMS. STUDENTS CREATE AND DEVELOP THEIR OWN PROJECTS, LEARN 21ST CENTURY SKILLS, AND GAIN CRITICAL KNOWLEDGE, TRAINING AND EXPERIENCE.NYC FIRST COORDINATES EVENTS THROUGHOUT THE NYC METRO AREA WHERE STUDENTS EXHIBIT AND COMPETE WITH THEIR ROBOTS. IN THE FISCAL YEAR ENDING JUNE 30, 2021, NYC FIRST CONDUCTED ITS EVENTS VIRTUALLY, DUE TO THE COVID-19 PANDEMIC. AS A RESULT OF PANDEMIC HARDSHIPS, FEWER STUDENTS AND TEACHERS PARTICIPATED IN NYC FIRST PROGRAM IN 2020-21 THAN HAVE DONE IN A TYPICAL YEAR, WITH APPROXIMATELY 2,000 STUDENTS PARTICIPATING IN NYC FIRST PROGRAMS.NYC FIRST INC. HAS A CLOSE CONNECTION TO FIRST, A SEPARATE NOT-FOR-PROFIT ORGANIZATION THAT IS CONSIDERED UNRELATED FOR TAX PURPOSES. NYC FIRST IS THE OFFICIAL REPRESENTATIVE OF ALL FIRST PROGRAMS IN NEW YORK CITY. NYC FIRST ENTERS INTO AGREEMENTS WITH FIRST THAT OUTLINE ITS ROLES AND RESPONSIBILITIES TO FURTHER THE MISSION OF FIRST. THROUGH THESE VARIOUS AGREEMENTS, THE TWO ORGANIZATIONS PARTICIPATE IN VARIOUS TRANSACTIONS, INCLUDING GRANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Zigman
CEO
$235,003
Meghan Groome
Vice President, Programs
$129,392
Michael Dubno
Director, Co-Chairman
$0
David Siegel
Director, Co-Chairman
$0
Lyudmila Koyenova
Treasurer
$0
Allen Weinberg
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $193,683
All other contributions, gifts, grants, and similar amounts not included above$1,902,687
Noncash contributions included in lines 1a–1f $22,353
Total Revenue from Contributions, Gifts, Grants & Similar$2,096,370
Total Program Service Revenue$29,243
Investment income $98
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$168
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,125,543

Grants Awarded

Over the last fiscal year, Nyc First Inc has awarded $61,540 in support to 2 organizations.

Grant RecipientAmount

EMERGING LEADERS IN TECHNOLOGY AND ENGINEERING INC

PURPOSE: Support for STEM Equity Community Innovation

$36,540

GIRL SCOUTS COUNCIL OF GREATER NEW YORK INC

Org PageRecipient Profile

New York, NY

PURPOSE: Support for STEM Equity Community Innovation

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Nyc First Inc has recieved totaling $770,388.

Awarding OrganizationAmount
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS

$350,000
New Schools Fund

Oakland, CA

PURPOSE: INNOVATIVE SCHOOLS

$115,000
$112,000
Pinkerton Foundation

New York, NY

PURPOSE: CAREER READINESS

$50,000
Charles H Revson Foundation Inc

New York, NY

PURPOSE: SUPPORT ROBOT IN A BOX AND INCREASED ACCESS TO ROBOTICS

$45,000
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$183,090
Net Contributions$492,500
Other Expense$511,925
Ending Balance$163,665

Peer Organizations

Organization NameAssets
Jpc Charities
Newark, NJ
$14,483,540
Good Sports Inc
Braintree, MA
$17,640,081
Exploration School Inc
Norwood, MA
$12,294,773
West Side Center For Community Life Inc
New York, NY
$14,422,692
Camp Harbor View Foundation Inc
Boston, MA
$14,199,041
Utec Inc
Lowell, MA
$14,604,530
Shira Association Inc
Brooklyn, NY
$8,368,956
Chdfs Inc
New York, NY
$6,216,072
Metropolitan Development Center Inc
Brooklyn, NY
$7,487,789
Deal Sephardic Youth Center Inc
Oakhurst, NJ
$7,918,218
Exalt Youth
New York, NY
$8,836,761
Nyc Kids Rise Inc
Long Island City, NY
$4,157,127

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