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Nonprofiteer
← YOUTH BUSINESS INITIATIVE

Form 990 for tax year 2024

Filed by YOUTH BUSINESS INITIATIVE.

Totals

Total revenue
$268,808
Total expenses
$278,606
Contributions and grants received
$268,808
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$145,701
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$145,701
Program services expenses (Part IX)
$239,943
Management and general expenses
$38,663
Fundraising expenses
$0
Program service expenses (Part III)
$239,943

Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $158,375

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $2,143

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $101,790

  • 1f · All other contributions, gifts and grants

    $6,500

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $2,143

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $76,989 · program services $76,989

  • 6 · Compensation of disqualified persons

    total $43,095 · program services $38,518 · management and general $4,577

  • 7 · Other salaries and wages

    total $17,846 · management and general $17,846

  • 10 · Payroll taxes

    total $50 · program services $50

  • 11a · Fees: management

    total $30,188 · program services $30,188

  • 11c · Fees: accounting

    total $4,200 · program services $4,200

  • 11g · Fees: other

    total $10,438 · program services $10,438

  • 13 · Office expenses

    total $18,685 · program services $6,873 · management and general $11,812

  • 16 · Occupancy

    total $69,797 · program services $69,797

  • 17 · Travel

    total $1,151 · program services $1,151

  • 18 · Travel or entertainment for public officials

    total $4,428 · management and general $4,428

  • 20 · Interest

    total $0

  • 23 · Insurance

    total $1,739 · program services $1,739

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $150,047 · end of year $110,418

  • 10a · Land, buildings and equipment: cost or other basis

    $35,283

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $54,640 · end of year $35,283

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $204,687 · end of year $145,701

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Youth Business Initiative ("YBI") is committed to empowering underprivileged youth with workforce readiness & business development skills for community development. YBI advances its mission with workforce readiness and business development program initiatives that serve high school students interested in Economics for Youth.

  • Youth Entrepreneurship Program: The entrepreneurship program is a workforce readiness and business development initiative that covers business development topics - Finance & Accounting, Marketing & Branding, Communication and Etiquette, and Public Speaking. The students research a business idea and learn the business elements. As the students learn basic business terms and elements, the students find their strengths and weaknesses as entrepreneurs. Students also receive a nominal stipend while participating in the entrepreneurship program initiative.

    Expenses $101,004

  • Organization runs an after-school youth advancement program committed to nurturing critical thinking and cultivating entrepreneurial skills in our participants. With a meticulously crafted curriculum, we offer enriching and holistic learning opportunities that empower young individuals to navigate the intricacies of business and entrepreneurship. Beyond imparting essential knowledge, our program focuses on fostering analytical thinking, problem-solving capabilities, and a strategic mindset, essential for success in today's competitive landscape. Digital Marketing Program.

    Expenses $88,090

  • Our organization is dedicated to preparing youth for the workforce and helping them achieve their dreams through our impactful Youth Workforce Development Training program. With a focus on practical skill development, career readiness, and personal empowerment, we provide tailored training experiences to equip young individuals with the tools they need to succeed in today's competitive job market. We work towards our mission of empowering youth and fostering a brighter future for generations to come.

    Expenses $50,849

As filed on the 2024 return.

Listed in Part VII

  • Dajuan Wiggins

    CEO and Executive Director

    Total calculated
    $70,286
    From this org
    $70,286
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Holley Nia

    Program Staff

    Total calculated
    $12,400
    From this org
    $12,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Reid Christian

    Program Staff

    Total calculated
    $9,800
    From this org
    $9,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • Brito Yenesis

    Program Staff

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Michael Crafter

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Wilson

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Darren Felder

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Anamilena Moreno

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Angelique Charon

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
11 March 2025
IRS schema version
2024v5.0
Source object
202510769349301201

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