2022 New Heights Annual Report

ANNUAL REPORT

Building Community

This year has been a phase of incredible growth at New Heights. We celebrated our one-year anniversary in our new home, an accomplishment that demonstrates the strength and resolve of our entire New Heights family. We are proud and thrilled to be part of our new community and of the partnerships and relationships we have built in Brooklyn and across the city.

Since 2005, we have helped hundreds of young people rise to their potential on the basketball court, in the classroom and throughout their lives and careers. And in 2022, as we settled into our new permanent home at the Major R. Owens Health and Wellness Center, our community grew bigger and stronger. With our new courts and classrooms in place, New Heights increased our staff and partnered with local organizations, elected officials, schools and corporations to expand our College Bound program and introduce new community-based academic and athletic services for youth.

Over the past year, we served over 1,000 youth, more than triple the previous year. We hosted dozens of basketball clinics and events that featured skills and drills training, and developed new educational workshops on financial literacy, technology and coding, sports and social justice, and social emotional learning. We welcomed guest speakers and other professionals to share their expertise and insight with our student-athletes, and opened up our facilities to make quality sports and recreation activities available to hundreds of additional boys and girls in Crown Heights and the surrounding neighborhoods.

These successes, and so many others, would not have been possible without the incredible generosity of our supporters. As you read the pages that follow, please know that your continued commitment means the world to us – and to our studentathletes.

Now, as we look to the future, New Heights will continue to strengthen our engagement with the local community so that we may widen our reach and deepen our impact not only in Brooklyn but throughout New York City. On behalf of the entire New Heights family, especially the young people we serve, thank you for being a part of this exciting journey.

In appreciation,

Ted Smith Executive Director

Mark Patricof Board Chairman

OUR MISSION

New Heights’ mission is to educate and empower promising underserved youth to be leaders, champions and student-athletes by developing the skills necessary for success in high school, college and life.

OUR VISION

Through expanded programming and deep engagement with the Brooklyn community, New Heights will establish itself as a leader in sports-based youth development and a model of nonprofit excellence.

POPULATION SERVED

New Heights targets boys and girls, ages 7-21, who have a passion for basketball and who reside in under-resourced communities in New York City.

Our Approach

As a sports-based youth development organization, New Heights uses intentionality to combine basketball programming with services that support college and career readiness, social emotional learning, and physical and mental health. Through this lens, we design and deliver a variety of after-school, weekend and summer programs that reach hundreds of young people annually.

Physical + Mental Health & Wellness

Programs include basketball leagues and clinics, nutrition workshops, and community partnerships and events.

Social Emotional Learning

Programs include an all-day summer camp, workshops across a range of social emotional learning competencies based on community need, and implementation of our TREE values (Teamwork, Respect, Effort and Excellence).

High School + College + Career Access

Programs include high school and college exposure, test preparation, tutoring and workshops on applications, financial aid, financial literacy, interviewing, resume writing and internships.

SOCIAL EMOTIONAL LEARNING

PHYSICAL + MENTAL HEALTH & WELLNESS

HIGH SCHOOL + COLLEGE + CAREER ACCESS

In 2022, our program model was recognized by a number of prestigious institutions. In addition to being named “Program of the Year” by the Jr. NBA, New Heights received the Robert Wood Johnson Foundation Sports Award for making our community a healthier place to live, learn, work and play.

College Bound

Our signature program, College Bound, uses basketball to engage young people in a comprehensive network of academic, social emotional learning and college preparatory services. In 2022, College Bound enrolled 348 student-athletes and fielded 27 teams that competed locally, regionally and in some cases, nationally.

Each of the following initiatives work together as a continuum of services to help student-athletes stay on track for grade promotion, and make it to and through high school and college.

High

School

Assist supports 4th-8th graders as they prepare for the transition from middle to high school. Services include after-school classroom sessions focused on academic skills development and social emotional learning, one-on-one and small group tutoring, test prep, high school application guidance, high school visits, financial aid advisement and individualized counseling.

Summer Academy is a 5-week day camp that combines academic enrichment with basketball skills development for our middle school youth. In 2022, our curriculum grew to include financial literacy, technology and coding, health and wellness, and sports and social justice. For rising 7th-9th graders, we also offered a special Week Away at Suffield Academy in Connecticut where student-athletes participated in projectbased learning and team-building exercises in a setting outside of New York City.

College Assist provides our high school student-athletes with the individual support necessary to gain admission to competitive colleges and universities, as well as group workshops that equip them with the hard and soft skills necessary to thrive in college and beyond. Services include SAT/ACT prep, one-on-one and small group tutoring for students who are struggling in specific subjects, financial aid and college application support, campus visits, life skills development and NCAA recruiting and eligibility guidance.

Career Assist provides ongoing support to College Bound alumni who matriculate to college in order to ensure that they graduate on time and are career ready. Services include college course and major selection, resume building, interview skills workshops, professional networking opportunities, internship assistance and career exposure.

IMPACT

Since our inception in 2005, New Heights has demonstrated 100% high school graduation, 98% college matriculation and over 75% college graduation rates for our student-athletes. New Heights has helped secure over $65 million in scholarships and financial aid for our student-athletes.

VALUE

CLASS OF

2022

We congratulate the New Heights Class of 2022 on their college decisions:

Caldwell University Colgate University Fordham University Georgia Southern University Iona University (2) Long Island University-Brooklyn Mercy College Monroe College (2) Purdue University

Seton Hall University University of Buffalo University of Maine University of Tennessee Villanova University

Postgraduat e Schools

Covenant Preparatory School Potterhouse Scotland Campus

The Foundation

Last year, New Heights introduced The Foundation, a series of 8-week basketball clinics targeted to children ages 7-14 who live in Community District 9 (but open to youth throughout New York City). In addition to building introductory basketball skills on the court, these weekend clinics provide participants with classroom sessions focused on social emotional learning and life skills development.

To date, The Foundation has enrolled hundreds of young people and engaged a number of sports-based organizations who lend their expertise. Special thanks to our program partners – the NBPA and 5-Star Basketball.

Our Partners

During the first year in our new home, New Heights partnered with over 60 local schools, communitybased organizations and corporations to enhance our academic and athletic programs.

Corporate Engagement

As part of our strategy to expose program participants to new people, ideas and experiences, we partnered with several corporations including Apollo Global Management, Drone Racing League, Goldman Sachs, Morgan Stanley, Neuberger Berman, Seaport Global and Turton Bond. Together we designed and delivered workshops on a range of topics such as financial literacy, career readiness and technology.

Community Basketball Clinics

In addition to our Foundation clinics, we hosted several basketball clinics in 2022 in partnership with the Brooklyn Nets, NY Knicks, NY Liberty, USA Basketball, the NBA and the NBPA that served over 300 local youth and adults.

MOCC Partners

In 2022, we collaborated with several of our neighbors in the Major Owens Community Center to provide programming across a range of areas, including the Carey Gabay Foundation (health and wellness), Digital Girl (coding), Globall (soccer), Ifateyo (dance), Imagine Swimming, Brooklyn Pride (cultural programming and advocacy) and the Boys Club of New York.

Special Thanks

New Heights is tremendously grateful to several key people who helped pave the way for growth in our new Brooklyn home. Extra special thanks to NYC Department of Cultural Affairs Commissioner Laurie Cumbo, NYC Council Member Crystal Hudson and our friends at BFC Partners for all their hard work and dedication.

Our Events

6th Annual GameChangers Ball

On Thursday, October 20th, for the first time ever, New Heights transformed our three full-size basketball courts into an amazing ballroom and welcomed over 400 guests to the 6th annual GameChangers Ball. Through the incredible generosity of our friends and supporters, we exceeded our goal and raised over $1.7 million. The evening was a magical celebration of our sports-based youth development programs and the people who make every victory possible.

We were thrilled to honor Will Blodgett (Founder and CEO, Tredway), Keia Clarke (CEO, New York Liberty), James Feldeine (basketball professional and New Heights alum) and Seaport Global, each of whom champions our mission and efforts to bring quality athletic and academic programming to young people in New York City.

9th Annual Team Challenge

The Team Challenge is an extra special event that brings together the entire New Heights family – teammates, coaches, staff and volunteers – to raise funds for our academic and athletic programming for youth. After two years of virtual events, we were excited to host the 9th annual Team Challenge Shoot-a-thon in person on Saturday, June 4th, on our own basketball courts in Crown Heights, Brooklyn. After collecting pledges and donations, our student-athletes, coaches and honorary General Managers showed up and turned thousands of free throws into actual dollars. Thank you to everyone for helping us raise nearly $200,000!

In 2022, New Heights was delighted to host two of our signature special events in our new Brooklyn headquarters.

FINANCIALS

This past year, New Heights entered a new chapter of growth as an organization. Anchored by the leadership of our Board of Directors and the generosity of our family of supporters, we opened our new facility and expanded our programming.

New Heights is in our strongest financial position to date as we take on this expansion, having raised a record $5M in revenue (a 43% increase from the prior year).

We have steadily increased our revenue over the past four years, and our 6th annual GameChangers Ball in October 2022 raised a record $1.7M, putting us in a strong position as we start our new fiscal year. We thank everyone for your continued support which allows us to scale our impact.

Foundation and Corporate Contributions: $1,141,899 Fundraising Events: $1,661,207

2022 REVENUE ANALYSIS

Individual and Board Contributions: $1,518,952 In-Kind Contributions: $186,065 Government: $10,000 Rental Revenue: $400,791 Program Revenue & Interest: $89,052 TOTAL: $5,007,967

Program (73%): $2,863,883 Administration (12%): $455,064 Fundraising (15%): $589,040 TOTAL: $3,907,987

-TheNewHeightsfiscalyearbegins9/1andends8/31. -ThisanalysisrepresentsunauditedFY22numbers. -FunctionalrevenueandexpensesincludetheBrooklyn Boundcampaignanddonatedservices.

ANALYSIS

FY22 Revenue: $5.0M Expense: $3.9M

FY21 Revenue: $3.5M Expense: $2.6M

FY20 Revenue: $2.9M Expense: $1.9M

FY19 Revenue: $2.9M Expense: $2.8M

FOUNDATION SUPPORT

American Securities Foundation

Arbor Rising Bank of America Charitable Foundation

Carl Marks Foundation

Charles Hayden Foundation

Color Street Foundation

Couch Family Foundation

Davidson Williams Foundation

Douglas B. Gardner Foundation

Edward and Dorothy Perkins Foundation

Heckscher Foundation for Children

Horowitz Family Foundation Hyde and Watson Foundation

Joe and Clara Tsai Foundation Social Justice Fund

Kapadia Family Foundation

Keswin Family Foundation

Laura B. Vogler Foundation

Laureus USA

Laurie M. Tisch Illumination Fund

Lucius N. Littauer Foundation

Marc Haas Foundation

Meg and Bennett Goodman Family Foundation

Nantz Family Foundation

NBA Foundation

NBPA Foundation

Neuberger Berman Foundation

Nicholas B. Ottaway Foundation

Nike Community Impact Fund

Patricof Family Foundation Fund

Pinkerton Foundation

PitCCh In Foundation

Robert Wood Johnson Foundation

Rona Jaffe Foundation

Silicon Valley Community Foundation State Street Foundation

Steve Tisch Foundation

TD Charitable Foundation Women’s Sports Foundation

CORPORATE SUPPORT

All New York Title Agency

Alliance Bernstein

Apollo Global Management

Arel Capital Ares Management

Ariel Property Advisors

Avec Capital Bellrow Title Agency

Berkowitz, Trager & Trager

BFC Partners

Boies Schiller Flexner

Briscoe Protective

Brookfield Properties

Brooklyn Nets

BSE Global Cahill Gordon & Reindel

Charney Companies

Chatham Imports

Citi City National Bank City Safety Compliance Corporation

Commonwealth Land Title Insurance Company

Compass Rose Asset Management

Crescent Capital Group

CTA Architects Cushman & Wakefield D.E. Shaw

Davis Polk & Wardwell

Deutsche Finance Group

Emerson Collective Fiedler Deutsch Fogarty Finger Architecture Frazier Life Sciences Glasswing Ventures

Goldman Sachs GoodSpace NYC Hirschen Singer & Epstein Hirshmark Capital Hornblower Group/City Experiences

JDS Sports Jr. NBA

Kipnes Crowley Group Kirkland & Ellis

KSR NY

Langdon Title Latham & Watkins

Lincoln Property Company

LLC Left+Right LLC LPC Commercial Services MC Real Estate Partners

M. Early Plumbing & Heating Corporation

Metropolitan Commercial Bank Morgan Stanley National Basketball Association NEP Group New York Giants New York Liberty Newmark & Company Real Estate NewYork-Presbyterian Brooklyn Methodist Hospital NYC Event Spaces

Patricof Co

Proskauer Rose RBC Capital Markets Red Stone Equity Partners Rosenberg & Estis RXR Realty Seaport Global Secor Asset Management

Select Events Travel

Siris Capital Group

Stearns Weaver Miller Weissler Alhadeff and Sitterson

Stewart Title

Supreme Flooring

Susman Godfrey TAG Associates

Tavros

TerraCRG

Thirty Five Ventures

Tishman Speyer

Tredway

Turton Bond Village Roadshow Entertainment Group

Vornado Realty Trust

Weil, Gotschal & Magnes

Wilk Auslander

KEY SUPPORTERS

ALUMS IN THE PROS

The following New Heights graduates are playing professional basketball:

Player (Team/Country)

Precious Achiuwa (Toronto Raptors)

Emmy Andujar (Mexico/Puerto Rico)

Niki Avery (Poland)

Moses Brown (LA Clippers)

Julian Champagnie (Philadelphia Sixers)

Justin Champagnie (Toronto Raptors)

Cori Coleman (Switzerland)

Devon Collier (Venezuela/Puerto Rico)

Isaiah Cousins (Israel)

Emily Engstler (Indiana Fever)

James Feldeine (Italy)

Branden Frazier (Mexico)

Kiah Gillespie (France)

Kylan Guerra (Puerto Rico)

Jarett Haines (Ireland)

Jimmy Hall (Israel)

Jon Han (Puerto Rico)

Jalen Jenkins (Portugal)

Brent Jones (China)

Paul Jorgenson (Spain)

Hassan Martin (Serbia)

Dupree McBrayer (Macedonia)

Tyrone Nash (Germany)

Chris Obekpa (Libya)

Josh Owens (Israel)

Xavier Pollard (France)

Lester Quinones (Golden State Warriors)

Will Rayman (Israel)

Nakye Sanders (Portugal)

David Seagers (Indonesia)

Malik Thomas (Chile)

Isaiah Washington (Slovakia)

Jordan Washington (Saudi Arabia)

Keith Williams (New Zealand)

Sid Wilson (Lebanon)

Mark Patricof

Chairman

Founder, Patricof Co

Duane Fiedler Vice Chairman Partner, Fiedler Deutsch

Jonathan Marotta Secretary Managing Director, Crescent Capital

Ty Wallach, Treasurer Managing Director & CIO of Credit, Atlas Merchant Capital

Will Blodgett

Founder and CEO, Tredway

Laurence Brown Retired Educator

Linda Choong

Consumer and Retail Advisor, LLC Left + Right LLC

Troy Dixon Managing Partner/CIO, Hollis Park Partners

John Gilmore Managing Director, Walker & Dunlop

Joshua Greenberg General Partner, Dandelion Capital Management

Byron Jones NFL Player, Miami Dolphins

Rich Kleiman Co-Founder, 35V and Boardroom

NEW HEIGHTS STAFF

EMERGING LEADERS COUNCIL

Bryan Hurley

ELC Co- Chair Cushman & Wakefield

Jesse Rothstein ELC Co- Chair Empire Selling

Brandon Adams*

Game Seven Marketing

Alican Arcasoy Tappanwood Finance Labs

Andrew Braver

Nina Lesavoy Managing Director, Avec Capital

Cameron Lewis* Founding Partner/Portfolio Manager, Compass Rose Asset Management

Andrew Nathan Managing Principal, MC Real Estate Partners

Richard Roberts Principal/Managing Director, Red Stone Equity Partners

Jeremy Schiffman Managing Partner, Palestra Capital

Alan Schrager

Senior Partner/Portfolio Manager, Oak Hill Advisors

Nicholas Silvers

Founding Partner, Tavros

Ted Smith (Ex-Officio) Executive Director, New Heights

Lance Thomas*

NBA Veteran and Founder/CEO, Slangmagic Fishing

David Thompson Managing Director, Morgan Stanley

Vicki Zubovic

Chief External Relations Officer, Khan Academy

Andrew Colao, General Counsel, Partner, Weil, Gotshal & Manges