Careerwise New York Inc
- Assets
- $3.1m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 14
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 85-1715974
Organization Overview
Careerwise New York Inc is located in New York, NY. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Careerwise New York Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Careerwise New York 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 12/2021, Careerwise New York Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CAREERWISE NEW YORKS MISSION IS TO CREATE OPPORTUNITIES FOR YOUTH AND BUSINESSES ACROSS NYC BY DEVELOPING AND SUPPORTING AN INNOVATIVE, SUSTAINABLE YOUTH APPRENTICESHIP SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAREERWISE NEW YORK IS A FIRST OF ITS KIND, MODERN YOUTH APPRENTICESHIP BASED IN NEW YORK CITY. OUR APPROACH OFFERS HIGH SCHOOL STUDENTS OPPORTUNITIES IN GROWING NYC INDUSTRIES, SUCH AS IT, FINANCIAL SERVICES, AND BUSINESS OPERATIONS, AND PROVIDES ALL APPRENTICES WITH A PRACTICAL LEARNING EXPERIENCE TO AUGMENT THE CLASSROOM. FOR EMPLOYERS, CAREERWISE NEW YORK OFFERS BUSINESSES A HANDS-ON ROLE IN DEVELOPING WORK-READY TALENT WITH THE SKILLS EMPLOYERS NEED TO INNOVATE AND GROW THEIR BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Chang Executive Dir. | OfficerTrustee | 40 | $230,052 |
Joiselle Cunningham Vp, Train & Talent | 40 | $203,082 | |
Melinda Chang Vp, Employer Partn | 40 | $173,605 | |
Noel Parish Vp, K12 Partn | 40 | $163,489 | |
Jojo Conlan Secretary | OfficerTrustee | 1 | $0 |
Gail Mellow Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kiwi Partners Accounting/hr Service | 12/30/21 | $154,739 |
Careerwise Ua Implementation Consulting | 12/30/21 | $162,388 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $399,527 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,665,339 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,064,866 |
| Total Program Service Revenue | $827,190 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,892,056 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $242,722 |
| Compensation of current officers, directors, key employees. | $24,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,210,709 |
| Pension plan accruals and contributions | $30,714 |
| Other employee benefits | $104,338 |
| Payroll taxes | $93,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,067 |
| Fees for services: Accounting | $86,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $348,599 |
| Advertising and promotion | $0 |
| Office expenses | $46,445 |
| Information technology | $14,125 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,375 |
| All other expenses | $0 |
| Total functional expenses | $2,370,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,538,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $537,168 |
| Accounts receivable, net | $0 |
| 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 | $23,808 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,099,421 |
| Accounts payable and accrued expenses | $109,170 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $109,170 |
| Net assets without donor restrictions | $2,412,442 |
| Net assets with donor restrictions | $577,809 |
| 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 | $3,099,421 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Careerwise New York Inc has recieved totaling $1,188,506.
| Awarding Organization | Amount |
|---|---|
Careerwise Colorado Denver, CO PURPOSE: TO SUPPORT THE DEVELOPMENT OF NEW OR THE EXPANSION OF EXISTING REGISTERED APPRENTICESHIP PROGRAMS FOR YOUTH. | $563,506 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $275,000 |
Ceo New York Jobs Council Inc New York, NY PURPOSE: PROVIDE APPRENTICESHIP SERVICES | $250,000 |
Pinkerton Foundation New York, NY PURPOSE: CAREER READINESS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |