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Nonprofiteer
← NETWORK FOR YOUNG ADULT SUCCESS

Form 990 for tax year 2022

Filed by NETWORK FOR YOUNG ADULT SUCCESS.

Totals

Total revenue
$1,044,425
Total expenses
$1,082,315
Contributions and grants received
$861,903
Grants paid
$47,178
Program service revenue
$180,148
Investment income
$2,374
Other revenue
$0
Total assets, end of year
$500,711
Total liabilities, end of year
$38,768
Net assets or fund balances, end of year
$461,943
Program services expenses (Part IX)
$743,824
Management and general expenses
$230,840
Fundraising expenses
$107,651
Program service expenses (Part III)
$743,824

Program services were 68.7% 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.

  • 1f · All other contributions, gifts and grants

    $861,903

  • 2a · Program service revenue: NETWORK AFFILIATE FEES

    total $147,850 · related or exempt $147,850

  • 2b · Program service revenue: OTHER SERVICE FEES

    total $32,298 · related or exempt $32,298

  • 3 · Investment income

    total $2,374 · excluded $2,374

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $47,178 · program services $47,178

  • 7 · Other salaries and wages

    total $479,141 · program services $347,735 · management and general $68,626 · fundraising $62,780

  • 8 · Pension plan contributions

    total $3,922 · program services $2,643 · management and general $790 · fundraising $489

  • 9 · Other employee benefits

    total $176,392 · program services $94,059 · management and general $63,391 · fundraising $18,942

  • 10 · Payroll taxes

    total $54,627 · program services $36,816 · management and general $11,001 · fundraising $6,810

  • 11b · Fees: legal

    total $161 · management and general $161

  • 11c · Fees: accounting

    total $24,845 · management and general $24,845

  • 11g · Fees: other

    total $30,946 · program services $4,939 · management and general $20,576 · fundraising $5,431

  • 12 · Advertising and promotion

    total $8,133 · program services $25 · fundraising $8,108

  • 13 · Office expenses

    total $4,650 · program services $3,598 · management and general $1,052

  • 14 · Information technology

    total $69,507 · program services $49,073 · management and general $20,374 · fundraising $60

  • 16 · Occupancy

    total $10,400 · program services $7,280 · management and general $1,560 · fundraising $1,560

  • 17 · Travel

    total $914 · program services $914

  • 19 · Conferences, conventions and meetings

    total $13,921 · program services $13,921

  • 23 · Insurance

    total $22,229 · program services $13,456 · management and general $5,890 · fundraising $2,883

  • 24a · Other expenses: FELLOW INCENTIVES

    total $70,060 · program services $70,060

  • 24b · Other expenses: PERSISTENCE SUPPORT

    total $28,718 · program services $28,718

  • 24c · Other expenses: PROFESSIONAL AND TEAM D

    total $17,319 · program services $8,585 · management and general $8,234 · fundraising $500

  • 24d · Other expenses: BANK AND TRANSACTION FE

    total $9,952 · program services $5,524 · management and general $4,340 · fundraising $88

  • 24e · All other expenses

    total $9,300 · program services $9,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $517,371 · end of year $470,382

  • 3 · Pledges and grants receivable

    beginning of year $5,000 · end of year $2,875

  • 4 · Accounts receivable

    beginning of year $250 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,005 · end of year $27,454

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,793 · end of year $38,768

  • 19 · Deferred revenue

    beginning of year $10,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $313,073 · end of year $255,360

  • 28 · Net assets with donor restrictions

    beginning of year $186,760 · end of year $206,583

Mission and programs · 2022

Mission

THE NETWORK FOR YOUNG ADULT SUCCESS EMPOWERS YOUNG ADULTS TO REALIZE THEIR PROFESSIONAL ASPIRATIONS BY SUPPORTING THEIR SUCCESSFUL DEGREE ATTAINMENT AND CAREER PREPARATION.

Activities or mission (Part I)

EMPOWERING YOUNG ADULTS TO REALIZE THEIR PROFESSIONAL ASPIRATIONS BY SUPPORTING THEIR SUCCESSFUL DEGREE ATTAINMENT AND CAREER PREPARATION.

  • UTMOSTU CREATES A NETWORK OF SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS THAT ARE COMMITTED TO THE LONG-TERM SUCCESS OF THEIR HIGH SCHOOL GRADUATES THROUGH A POST-SECONDARY PATH, WHETHER THROUGH COLLEGE OR ANOTHER EDUCATIONAL PATHWAY. THROUGH TECHNOLOGY, HOLISTIC SUPPORTS, EXTERNAL PARTNERSHIPS, AND CONSTANT ENGAGEMENT, THE UTMOSTU NETWORK WORKS TO PROPEL YOUNG ADULTS FROM LOW-INCOME BACKGROUNDS TOWARD THEIR CAREER GOALS.

    Expenses $743,824 · Grants $47,178 · Revenue $180,148

As filed on the 2022 return.

Listed in Part VII

  • Gregory Mooney

    DIRECTOR AND PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Patricia Redd

    DIRECTOR AND SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ronald Seymore

    DIRECTOR AND TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lauren Akainyah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tosha Downey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Ford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shannon Fuller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thackston Lundy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Pincus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Weinheimer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Bennett

    ASSOCIATE EXECUTIVE DIRECTOR

    Total calculated
    $132,988
    From this org
    $109,657
    From related orgs
    $0
    Other
    $23,331
    Hours/week
    40

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
2022
Filed
6 February 2024
IRS schema version
2022v5.0
Source object
202400539349300900

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