Totals
- Total revenue
- $837,603
- Total expenses
- $716,872
- Contributions and grants received
- $410,093
- Grants paid
- $0
- Program service revenue
- $418,946
- Investment income
- $212
- Other revenue
- $8,352
- Total assets, end of year
- $525,937
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $525,937
- Program services expenses (Part IX)
- $523,494
- Management and general expenses
- $22,177
- Fundraising expenses
- $171,201
- Program service expenses (Part III)
- $523,494
Program services were 73.0% 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.
-
1c · Fundraising events
$390,000
-
1f · All other contributions, gifts and grants
$20,093
-
2f · All other program service revenue
total $418,946 · unrelated business $0 · excluded $0
-
3 · Investment income
total $212 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $8,352
-
6c · Rental income or loss
real property $8,352
-
6d · Net rental income or loss
total $8,352 · excluded $8,352
-
8a · Fundraising events: contributions included on line 1c
$390,000
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $6,000 · program services $0 · management and general $6,000 · fundraising $0
-
11e · Fees: professional fundraising services
total $171,201 · fundraising $171,201
-
12 · Advertising and promotion
total $0 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $12,750 · program services $0 · management and general $12,750 · fundraising $0
-
17 · Travel
total $3,077 · program services $0 · management and general $3,077 · fundraising $0
-
19 · Conferences, conventions and meetings
total $350 · program services $0 · management and general $350 · fundraising $0
-
24a · Other expenses: SCHOLARSHIP PROGRAM
total $20,850 · program services $20,850 · management and general $0 · fundraising $0
-
24b · Other expenses: VOCATIONAL & EDUCATIONAL PROGRAM
total $32,000 · program services $32,000 · management and general $0 · fundraising $0
-
24c · Other expenses: LOW INCOME HOUSING PROGRAM
total $470,644 · program services $470,644 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $359,302 · end of year $424,897
-
2 · Savings and temporary cash investments
beginning of year $2,313 · end of year $1,040
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10c · Land, buildings and equipment, net
beginning of year $780,000 · end of year $0
-
13 · Investments: program-related
beginning of year $100,000 · end of year $100,000
-
23 · Secured mortgages and notes payable
beginning of year $534,511 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $707,104 · end of year $525,937
Mission and programs · 2023
Mission
PROVIDE EDUCATIONAL TRAINING AND PROGRAMS TO UNDERSERVED AND DISENGAGED YOUNG ADULTS IN ORDER TO EQUIP THEM WITH SKILLS AND KNOWLEDGE
-
A SECOND CHANCE-SCHOLARSHIP PROGRAM TO SUPPORT EDUCATIONAL OPPORTUNITIES FOR YOUNG ADULTS GREW TO INCLUDE ADDITIONAL RECIPIENTS WHO QUALIFIED TO RECEIVE FINANCIAL SUPPORT INCLUDING TUITION, FEES, AND HOUSING
Expenses $20,850
-
MY NEXT CHAPTER-IS AN EDUCATIONAL AND VOCATIONAL TRAINING PROGRAM THAT PROVIDES FINANCIAL SUPPORT FOR FORMER FOSTER YOUTH AND YOUNG ADULTS AGES 18 TO 32 WHO ARE TRANSITIONING INTO ADULTHOOD AND SEEKING A MARKETABLE SKILL OR HIGHER EDUCATION IN ORDER TO SECURE EMPLOYMENT AND FINANCIAL STABILITY.
Expenses $32,000
-
LOW INCOME HOUSING PROGRAM - PROVIDE HOMEOWNERSHIP OPPORTUNITIES TO LOW INCOME INDIVIDUALS
Expenses $470,644 · Revenue $427,297
As filed on the 2023 return.
Listed in Part VII
-
James Washington JrJAMES WASHINGTON JR
CEO
- Total calculated
- $0
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
- 2023
- Filed
- 27 February 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401139349301015
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