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CHARITY REVIEW
Issued: April 2026 Expires: April 2028

Working in Support of Education

Standards Not Met
Standards Not Met
7
(212) 421-2700
227 East 56th Street, Unit 201
New York, NY, 10022
https://wise-ny.org
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Working in Support of Education does not meet the following 1 Standards for Charity Accountability:

Standard 7 (Board Approval of Written Report on Effectiveness)
Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

WISE does not meet this Standard because:

  • Although it produced a written effectiveness assessment report for its December 2025 organizational assessment, the report was not submitted for approval to the board of directors.

Working in Support of Education meets the remaining 19 Standards for Charity Accountability.

Stated Purpose:
"to improve economic mobility through programs that develop financial literacy and readiness for college and careers."

Year, State Incorporated:
1998, NY

Working in Support of Education (WISE) reports that it delivers its programming through financial literacy and college and career readiness. Through its Financial Literacy Certification program, the organization equips high school teachers in 49 states with the training and tools to teach personal finance and financially literacy. WISE also offers the Certification in Personal Finance (CPF) for Educators, a national credential demonstrating instructional proficiency. In addition, the program MoneyW!SE supports survivors of domestic violence in cities nationwide, guiding them toward financial independence. WISE's Quality of Life INNOVATIONS program engages New York City area high school students in a year-long research, social entrepreneurship, and scholarship experience. The W!se Institute introduces NYC students to career pathways through seminars, workshops, work experiences, and STEM programming, including its Engineered Green Economics initiative. In addition, each fall, WISE organizes a summit of Eurpoean Union educators in Washington, DC.

For the year ended July 31, 2025, Working in Support of Education's program expenses were:

Financial literacy $1,179,091
Wise Institute $476,318
Euro Challenger $351,255
Domestic violence $191,870
Quality of Life $134,791
Total Program Expenses $2,333,325

Chief Executive
David J. Anderson, President and Chief Executive Officer

Compensation*
$263,383

Chair of the Board
Kresimir Marusic

Chair's Profession / Business Affiliation
Comptroller, Corient

Board Size
15

Paid Staff Size
17

*2024 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals, Internet, Planned giving arrangements, Workplace Giving

Fundraising costs were 27% of related contributions. (Related contributions, which totaled $2,028,002, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Working in Support of Education's audited financial statements for the year ended July 31, 2025.

Source of Funds
Program and service fee income $1,417,726
Grants $1,160,941
In-kind contributions $479,497
Special events, net $266,747
Investment income $105,358
Contributions $102,917
Scholarship income $17,900
Other income $3,883
Total Income $3,554,969

Programs: 69% Fundraising: 16% Administrative: 15%

Total Income $3,554,969
Total expenses: $3,381,766
  Program expenses $2,333,325
  Fundraising expenses $557,670
  Administrative expenses $490,771
  Other expenses $0
Income in Excess of Expenses $173,203
Beginning Net Assets $2,430,337
Other Changes In Net Assets $0
Ending Net Assets $2,603,540
Total Liabilities $1,002,873
Total Assets $3,606,413

Note: According to WISE's audited financial statements for the year ended July 31, 2025, the organization received $479,497 in contributed goods and services including instructors and teachers ($209,604), advertising and marketing ($120,000), competition judges and reviewers ($56,547), event space ($47,081), speakers, mentors, and presenters ($29,873), and professional services ($16,392).

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance