ANNUAL REPORT 2016 - 2017

FROM THE EXECUTIVE DIRECTOR AND BOARD CHAIR Dear Friends, CHANGE FOR KIDS ANNUAL REPORT 2016 - 2017 Change for Kids Vision ...1 Our Year ..........................2 The Challenge .................4 Our Approach .................6 Looking Forward ............8 Financial Statement ......10 Acknowledgments ........11 Our Team ......................12

We celebrated another remarkable year of growth at Change for Kids, and we have you to thank for it. Our dedicated staff and Board members have worked incredibly hard to provide enrichment opportunities for students from Pre-Kindergarten to 5th grade—solidifying our commitment to close the opportunity gap for students attending under-resourced elementary schools in New York City. In August 2017, I humbly took the helm as the Executive Director of this growing organization with an engaged Board and community of New Yorkers who care about ensuring all students have a robust educational I am proud to be part experience.9GJCXGCNTGCF[OCFGCUKIPKƂECPVKORCEV of the Change for Kids partnering with 11 schools reaching over 4,000 students community, which is in 2017. But we want to do more, which is why we have dedicated to delivering a new logo and tagline capturing the essence of our critical resources to our — Our city. Our schools. Our future. mission— underserved schools. Change for Kids is stronger than ever because our community continues to expand to more and more New Yorkers committed to making a difference in the lives of young people. Thank you for your support of Change for Kids. By working together, we can ensure all our children have access to the quality education they deserve.

Katrina S. Huffman Executive Director

CFK engages and prepares every student in our network for a successful life in middle school and beyond. NICOLAS KOECHLIN, CHAIR OF THE BOARD OF DIRECTORS

CHANGE FOR KIDS VISION public elementary schools in underserved communities by bringing critical resources designed to prepare students for middle school and beyond.

“

READY FOR THE NEXT CHAPTER: MIDDLE SCHOOL I just started 6th grade and I feel that I am prepared. A CFK workshop I took called Graduating to Greatness with MetLife volunteers helped me make the transition. I want to thank Change for Kids and Brooklyn Landmark for showing me a world of possibilities. 6JGEQPƂFGPEG+ICKPGFKPGNGOGPVCT[ school will always be a part of who I am—today and tomorrow. CHRISTIAN, CFK STUDENT

“

We invest in New York City

OUR YEAR COMMUNITY ENGAGEMENT

1,425 145

volunteer events

volunteers

4,543

$

125,348

value of total CFK volunteer hours

volunteer hours

1

STUDENT ENGAGEMENT

92%

4,374 53,363 students engaged

2

of CFK youth succeeded in growing or maintaining Social-Emotional Learning skills 2

hours of programming provided

Assumes $27.59 value per volunteer hour

1

2

Based on end of year school surveys

OUR NETWORK OF SCHOOLS A S O F J U LY 2 0 1 7

Change for Kids Partner Schools

Change for Kids provides a platform for public and private organizations to come together and invest in our children’s HWVWTGU1WTURGEKƂEYQTMKPUEJQQNUKUOCFGRQUUKDNG by the following strategic partners: Apollo Global Management Bain Capital Children’s Charity* The Bechtolsheimer Family

P.S. 6X grant avenue

P.S. 314

P.S. 277

M a n h at ta n 2 schools 535 students

Himan Brown Charitable Trust The Canter Family Foundation*

P.S. 142

P.S. 8 1

brighter choice

Queens 1 school 676 students P.S. 160

Brooklyn Landmark

B r o o k ly n 4 schools 1,378 students

New York State Council on the Arts* Philip’s Fund* Melissa and Bruce Spohler* The Spohler Foundation

The Carlyle Group*

P.S. 15

P.S. 329

The Bronx 4 schools 1 ,7 8 5 students

NYC Department of Cultural Affairs*

TD Charitable Foundation

Davis & Gilbert LLP* HarperCollins Publishers Labaton Sucharow LLP*

“

*Funded individual Change for Kids programs

We are proud to include Change for Kids as one of our outstanding charity partners,

“

11

O U R S T R AT E G I C PA R T N E R S

and look forward to our continued investment in P.S. 142, our partner school, to bring critical resources to their students.

JEFF FIELDS, MANAGING DIRECTOR, RBC CAPITAL MARKETS

3

THE CHALLENGE

“

It’s basically like having the PTA that OQTGCHƃWGPV schools have... CFK brings you the resources that you couldn’t get yourself.

“

DAPHNA GUTMAN, PRINCIPAL, P.S. 142

75%

of children who struggle with reading in 3rd grade will never catch up to their peers unless they get the help they need in elementary school.

PERCENTAGE OF 4TH GRADE STUDENTS WHO ARE READING PROFICIENT1

20% 51% vs.

Low-Income Students

High-Income Students

THE OPPORTUNITY GAP 2CTGPVCUUQEKCVKQPUKPCHƃWGPVEQOOWPKVKGUQHVGPTCKUG UKIPKƂECPVOQPG[VQHWPFCFFKVKQPCNGPTKEJOGPV opportunities for their children. Schools in low-income communities are unable to rely on the same level of parent funding. 4

$806,093

$1,600 TOP 15 NYC PTA AVERAGE 2

CFK SCHOOL PTA AVERAGE

W H Y R E A D I N G M AT T E R S B Y THE END OF THIRD GRADE

SOCIAL - EMOTIONAL SKILLS A C C E L E R AT E L E A R N I N G

4GCFKPIRTQƂEKGPE[D[VJGGPFQHVJKTF grade is a critical marker in a child’s educational development. Children who enter fourth grade without reading RTQƂEKGPE[CTGOQTGNKMGN[VQFTQRQWV of high school, reducing their earnings potential and chances for success.3 This risk is greatest for students in low-income communities.

To be successful in school and in life, children must learn how to manage their emotions, navigate relationships effectively, make responsible decisions, and stay resilient in the face of FKHƂEWNVKGU5EJQQNDCUGFRTQITCOU focused on developing these critical life skills help students learn and make classrooms more effective learning environments.4

78%

of low-income students are not reading RTQƂEKGPVKPVJITCFG

of CFK youth are in need of Social-Emotional Learning support

“

I learned in the 3rd grade that you have to keep practicing until you get it. You can’t give up.

“

80%

I’m getting better at reading. I don’t lose focus and I can understand it more clearly.

ALEX, CFK STUDENT

Annie E. Casey Foundation, 2013 data 2 Center for American Progress, 2013-2014 3 Annie E. Casey Foundation 4 Consensus Statements of Evidence From the Council of Distinguished Scientists. National Commission on Social, Emotional, and Academic Development, The Aspen Institute 1

5

OUR APPROACH We focus our efforts on engaging children early in their educational careers so that they can stay on track academically. Change for Kids brings together a strong community of New Yorkers working to bring critical resources to our schools in underserved communities, focusing QPOCMKPIURGEKƂEKORCEVKPTGCFKPICPFUQEKCNGOQVKQPCNNGCTPKPI Change for Kids School Managers, in partnership with principals and teachers, identify the needs of each partner school and manage a mix of leadership support, programs and volunteers to achieve maximum impact.

TAMIKA COVINGTON, CFK SCHOOL MANAGER

“

“

Our Change for Kids School Manager role is unique and it allows for CFK to truly be embedded within our partner schools and school communities. We support schools as thought partners, liaisons, program/project and event managers and so much more. CFK is really about working collaboratively with us, NKUVGPKPIVQYJCVQWTPGGFUCTGCPFƂIWTKPIQWVYC[U YGECPYQTMVQIGVJGTVQTGCNN[ƂNNICRUVQUQNXG problems and to make the school a better place. DR. SCOTT WOLFSON, PRINCIPAL, P.S. 314

6

THE CHANGE FOR KIDS COMMUNITY

P R I N C I PA L S TEACHERS

HELPING E L E M E N TA R Y SCHOOL STUDENTS THRIVE

PA R E N T S

OUR PROGRAM PA R T N E R S Bubble Foundation Children’s Museum of the Arts Chess NYC

SPONSORS

Fan4Kids

DONORS

City Parks Learning Gardens

CFK LEADERSHIP, CFK SCHOOL MANAGERS P R O G R A M PA R T N E R S

Story Pirates Third Street Music School Settlement Wellness in the Schools Kate Tempesta’s Urban Golf Academy

“

It’s wonderful to work with a like-minded partner that strives to support and help the youth of New York City.

“

VOLUNTEERS

MANNA HARA, CITY PARKS LEARNING GARDENS

7

L O O K I N G F O R WA R D C H A N G E F O R K I D S W O R K S W I T H PA R T N E R S C H O O L S T O M A K E A N I M PA C T I N :

READING PROFICIENCY Our new pencil rocket logo symbolizes how Change for Kids provides additional fuel that propels our students forward to middle school success and beyond.

Change for Kids provides programs, tutoring and other resources to aid in building competent readers.

SOCIAL - EMOTIONAL LEARNING Change for Kids provides schoolwide programs to help students set positive goals, build strong relationships, and navigate the broader world.

CITYWIDE COMMUNITY ENGAGEMENT Change for Kids rallies a broad range of community support to provide sustainable and reliable resources to our schools. 8

C F K PA R T N E R S C H O O L AT T R I B U T E S 1 . C L E A R P R I N C I PA L V I S I O N A N D E N G A G E D LEADERSHIP TEAM 2 . C O L L A B O R AT I V E S C H O O L C U LT U R E 3. COMMITMENT TO SUCCESS

2016-2017

2017-2018

by 2021

partner schools

8

10

12

30

students served

3,0 0 0

3,7 5 0

4,7 4 0

1 3 ,5 0 0

“

Change for Kids is successfully improving early childhood education for underprivileged New York City students in CUECNCDNGCPFEQUVGHƂEKGPVOCPPGT#UCTGUWNV+CORTQWF to be a supporter of CFK and a member of its Board. JACOB WERNER, MANAGING DIRECTOR, BLACKSTONE

TAYLOR, CFK STUDENT

“

2015-2016

Change for Kids gives students another chance of opportunity. It opens your mind to new things.

“

“

WHERE WE ARE HEADED

9

F I N A N C I A L S TAT E M E N T

REVENUE Contributions Special Events (net) Other Total Revenue EXPENSES Programs Operations Development Total Expenses NET ASSETS Net Assets

FY 2016

FY 2017

$

900,546 443,609 2,621

$ 1,008,103 716,766 2,514

$ 1,346,776

$ 1,727,383

$

895,137 169,580 210,165

$ 1,143,538 205,287 271,105

$ 1,274,882

$ 1,619,930

Revenue Sources Government 2.7%

Foundations 6.4% Corporations 22.5%

Individuals 68.4%

5 Year Growth $

455,265

$ 562,718

$ 1.75m $ 1.5m $ 1.25m $ 1m $ 750k $ 500k $ 250k 0

2013

2014

2015

2016

2017

Fiscal Year

10

Auditor: Adelman Katz & Mond LLP

ACKNOWLEDGMENTS

Thank you to the donors who helped make a tremendous impact in the lives of our students this year.*

$50,000+

$5,000+

Apollo Global Management Julia and Till Bechtolsheimer The Catalog for Giving Himan Brown Charitable Trust

$25,000+

Goldman Sachs & Co. Kevin and Christy Hammond Kristin Black and David Hensle The Randall and Kathryn Smith Foundation Melissa and Bruce Spohler The Spohler Foundation TD Charitable Foundation Tajar Varghese

$10,000+

Natalie and Ethan Auerbach Bain Capital Zachariah and Erica Barratt and Family Lisa and Andrew Bernstein BGC Partners/Cantor Fitzgerald Relief Fund BlackRock Noël and Jacqui Brown The Carlyle Group Thomas Coleman Elaine Crowley and John Kuehn Davis & Gilbert LLP Donnelley Financial Solutions Gary Douglas and Maria del Pilar Ocasio-Douglas Karen and Mark Epstein Labaton Sucharow LLP Louise Phillips Forbes and Christopher Forbes HarperCollins Publishers Sara and Ryan Hinkle Susan and Niklas Kloepfer Nicolas Koechlin and Catherine Godbille-Koechlin Korn Ferry Terrence and Suzzy McLean Jeremy Mindich Newmark Grubb Knight Frank News Corp Nickelodeon NYC Department of Cultural Affairs David and Sarah Schimmel Bronwen Smith Elizabeth Rice Stevens Fund Joseph and Sue Tansey Jacob Werner

* For the period of July 1, 2016 through June 30, 2017

The Alletto Family Assured Guaranty Ltd. American Express Bank of India Barclays Capital Richard and Celia Canning Patrick Daly Laura and Michael Farah Florence and David Faucon .GUNKG)CTƂGNF The Justin and Victoria Gmelich Family Fund Goldman Sachs Gives GPB Capital Halstead Property Thomas and Anne Haubenstricker The Hyde and Watson Foundation Ronnie Jaber Alexander Jutkowitz Lisa and Vivek Kalhans Maria Neary Lagermasini and Paul Lagermasini Bret Leas Margie Millero and Ryan Fleming Luis and Jane Morales New York State Council on the Arts James and Susan Palmiter Muhammad Qubbaj Marc Rowan SageSure Insurance Managers Justin and Allison Schwartz Simpson Thacher & Bartlett LLP Michelle Smith and Andrew Oshrin Pamela and Derek Smith Sheila Spence Bettyann Sullivan and Paul Brzozowski Vaughn Swartz and Kelley Hoffer Jennifer and Robbert Vorhoff Michelle Walder

$2,500+

And Partners David Baldini Jonathan Barry Claudia Bell Larry Berg Av Bhavsar Hugo Boss Anthony Bossone Maya Burgos and Paul Trussell CBRE Group CetraRuddy Meredith Coburn Conway MacKenzie David Daniel Deborah Deaver and John Fischetti Deutsche Bank Amanda and Trevor Downy First Republic Bank Gravitas Jeffrey and Michelle Greenip Steven Guerrini Peter Herzberg and Caren Golden Suraj Jain JP Asset Management Sam and Vicki Katz John Kogel Thomas Kutzman Benjamin Lambert Charles Leonard Lloyd Bedford Cox Inc. Roy March Nadeem Meghji Northern Trust +HƂG1MQTQPMYQ Linda Pace Paul, Weiss, Rifkind, Wharton & Garrison LLP Jonathan and Stacy Pollack Harish and Chelsea Rao Recon Capital Matt Roesler Peter and Mary Ellen Rogers Adam Savarese Stephen Serota Vivian Serota The Silk Family Foundation Spencer Stuart Robin Thurau Van Konynenburg Foundation Wells Fargo Foundation 11

LIFETIME ACKNOWLEDGMENTS

OUR TEAM

$200,000+

Board of Directors

Apollo Global Management Louise Phillips Forbes and Christopher Forbes Himan Brown Charitable Trust

$100,000+

Natalie and Ethan Auerbach Julia and Till Bechtolsheimer Kristin Black and David Hensle The Catalog for Giving Elaine Crowley and John Kuehn Davis & Gilbert LLP Kevin and Christy Hammond HarperCollins Publishers Nicolas Koechlin and Catherine Godbille-Koechlin Labaton Sucharow LLP Terrence and Suzzy McLean NYC Department of Cultural Affairs

$50,000+

B Floral Caryn Seidman Becker and Marc Becker BlackRock The Carlyle Group Laura and Michael Farah David Gardner and Brienne Aquilina Goldman Sachs & Co. Sara and Ryan Hinkle INsider NYC Luis and Jane Morales New York State Council on the Arts The Randall and Kathryn Smith Foundation Schreck Rose Dapello & Adams LLP Melissa and Bruce Spohler The Spohler Foundation Joseph and Sue Tansey TD Charitable Foundation Variety the Children’s Charity of New York 12

$25,000+ č̏>˜ÌˆV*>VˆwV >«ˆÌ> American Express Bain Capital Zachariah and Erica Barratt and Family Lisa and Andrew Bernstein Richard and Celia Canning The Stephen and Carol Canter Foundation Scott and Alexandra Delman Deutsche Bank Donnelley Financial Solutions Karen and Mark Epstein Gray Foundation Halstead Property Ronnie Jaber Jimmie Johnson Foundation Jones Lang LaSalle Brokerage, Inc. Lisa and Vivek Kalhans Knovel Maria Neary Lagermasini and Paul Lagermasini L & M Development Partners Margie Millero and Ryan Fleming News Corp Harish and Chelsea Rao Mary Ellen and Peter Rogers RBC Foundation USA SageSure Insurance Managers Jay and Karen Schecter Bronwen Smith Pamela and Derek Smith The Randall and Barbara Smith Foundation Sheila Spence Bettyann Sullivan and Paul Brzozowski TopSpin Charity Tajar Varghese Jennifer and Robbert Vorhoff Richard and Samaya Ziade

Nicolas Koechlin Chairman Donnelley Financial Solutions Kristin Black Co-Vice Chair NYU Steinhardt Sara Hinkle Co-Vice Chair Fmr. MOMA Terrence McLean Treasurer Insight Catastrophe Group Natalie Auerbach Secretary The Writer’s Foundry

Bronwen Smith B Floral Sheila Spence Spotify Bettyann Sullivan J.P. Morgan Chase & Co. Jacob Werner Blackstone

Board of Advisors Ethan Auerbach 5GCƂGNF%CRKVCN Management LP

Lisa Bernstein Apollo Global Management

Zach Barratt Apollo Global Management

Maya Burgos American Express

Richard Canning Fmr. The Mead School

Patrick Daly Weiss Multi-Strategy Advisers

Sean Feeney Anchorage Capital Group

Karen Epstein Fmr. Growth Philanthropy Network

David Hensle Oak Thistle LLC

Laura Farah Fmr. Morgan Stanley Louise Phillips Forbes Halstead Property Corinne Grzybowski Goldman Sachs Kevin Hammond JLL Partners Peter Herzberg Education Beyond the Core Ronnie Jaber The Carlyle Group Maria Neary Lagermasini Northern Trust Margie Millero Saatchi & Saatchi

Ryan Hinkle Insight Venture Partners Michael James The Michael James Group Lisa Kalhans American Express Niklas Kloepfer J.P. Morgan Chase & Co. John Kuehn Kirkland & Ellis LLP Ed Napper Gym Jones Harish Rao Interpersonal Frequency David & Sarah Schimmel And Partners Vaughn Swartz Rabobank Joseph Tansey Garrison Investment Group

Advisory Council

Junior Council

Staff

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Land of Women

Amanda Downy Co-Chair

>Þ>… 9ˆÃÀ>i Managing Director of Education

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Sarah Bullard

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čiÝ>˜`Àˆ> ,>“œÃ Lindley Schneider Alexandra Sutherland Bethany Uhlein Christopher Vecchio

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H E L P C R E AT E CHANGE FOR KIDS Join the Change for Kids community and give the gift of learning to a low-income student. Volunteer U ˆÌiÀ>VÞ˜ˆ}…Ìà U >ÀiiÀ`>Þà U ÕiÃÌÀi>`iÀ U -Vˆi˜Vi˜ˆ}…Ìà U ˆi``>Þ U >“ˆÞv՘˜ˆ}…Ìà U -V…œœLi>ṎwV>̈œ˜`>ÞÃ

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Become a Corporate or Foundation Strategic Partner For more information, contact [email protected]

13

D O N AT E VOLUNTEER AT T E N D A N E V E N T Together, we can bridge the opportunity gap and give all our children access to quality education.

C O N TA C T U S Change for Kids 110 East 23rd Street 5th Floor New York, NY 10010 (212) 213-8061

[email protected] changeforkids.org #WHYCFK