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Nonprofiteer
← YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION

Form 990 for tax year 2023

Filed by YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION.

Totals

Total revenue
$2,538,265
Total expenses
$2,708,809
Contributions and grants received
$1,472,635
Grants paid
$0
Program service revenue
$981,433
Investment income
$6,227
Other revenue
$77,970
Total assets, end of year
$4,111,942
Total liabilities, end of year
$230,646
Net assets or fund balances, end of year
$3,881,296
Program services expenses (Part IX)
$2,061,920
Management and general expenses
$325,155
Fundraising expenses
$321,734
Program service expenses (Part III)
$2,061,920

Program services were 76.1% 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.

  • 1c · Fundraising events

    $126,300

  • 1f · All other contributions, gifts and grants

    $1,346,335

  • 1g · Noncash contributions included above

    $13,501

  • 2a · Program service revenue: PROGRAM FEES

    total $971,433 · related or exempt $971,433

  • 2b · Program service revenue: PROGRAM CONSULTING FEES

    total $10,000 · related or exempt $10,000

  • 3 · Investment income

    total $6,227 · excluded $6,227

  • 5 · Royalties

    total $37,500 · excluded $37,500

  • 6a · Gross rents

    real property $40,470

  • 6c · Rental income or loss

    real property $40,470

  • 6d · Net rental income or loss

    total $40,470 · related or exempt $40,470

  • 8a · Fundraising events: gross income

    $125,143

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

    $126,300

  • 8b · Fundraising events: direct expenses

    $125,143

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $235,237 · program services $16,065 · management and general $170,769 · fundraising $48,403

  • 7 · Other salaries and wages

    total $1,377,052 · program services $1,106,873 · management and general $68,159 · fundraising $202,020

  • 8 · Pension plan contributions

    total $13,354 · program services $9,401 · management and general $1,864 · fundraising $2,089

  • 9 · Other employee benefits

    total $172,007 · program services $146,958 · management and general $6,265 · fundraising $18,784

  • 10 · Payroll taxes

    total $130,806 · program services $95,593 · management and general $17,163 · fundraising $18,050

  • 11g · Fees: other

    total $218,697 · program services $166,182 · management and general $51,683 · fundraising $832

  • 12 · Advertising and promotion

    total $17,358 · program services $17,321 · fundraising $37

  • 13 · Office expenses

    total $296,939 · program services $292,131 · management and general $1,484 · fundraising $3,324

  • 16 · Occupancy

    total $63,321 · program services $59,082 · management and general $4,239

  • 17 · Travel

    total $37,686 · program services $31,805 · management and general $3,113 · fundraising $2,768

  • 20 · Interest

    total $292 · program services $292

  • 22 · Depreciation, depletion and amortization

    total $46,312 · program services $46,312

  • 23 · Insurance

    total $12,552 · program services $12,552

  • 24a · Other expenses: OTHER OPERATING EXPENSES

    total $59,188 · program services $48,253 · management and general $416 · fundraising $10,519

  • 24b · Other expenses: MISC. EXPENSE

    total $28,008 · program services $13,100 · fundraising $14,908

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,439,866 · end of year $1,493,080

  • 2 · Savings and temporary cash investments

    beginning of year $1,090,776 · end of year $1,743,072

  • 3 · Pledges and grants receivable

    beginning of year $281,950 · end of year $374,279

  • 4 · Accounts receivable

    beginning of year $57,894 · end of year $94,067

  • 8 · Inventories for sale or use

    beginning of year $84,784 · end of year $64,433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,763 · end of year $15,570

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

    $989,307

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

    $661,866

  • 10c · Land, buildings and equipment, net

    beginning of year $338,071 · end of year $327,441

  • 15 · Other assets

    beginning of year $535

  • 17 · Accounts payable and accrued expenses

    beginning of year $102,869 · end of year $83,949

  • 19 · Deferred revenue

    beginning of year $86,312 · end of year $76,622

  • 25 · Other liabilities

    beginning of year $71,618 · end of year $70,075

  • 27 · Net assets without donor restrictions

    beginning of year $3,782,250 · end of year $3,666,478

  • 28 · Net assets with donor restrictions

    beginning of year $269,590 · end of year $214,818

Mission and programs · 2023

Mission

YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION IS COMMITTED TO DEVELOPING THE FINANCIAL LITERACY OF YOUNG PEOPLE THROUGH REAL-LIFE EXPERIENCES AND HANDS-ON PROGRAMS PURPOSEFULLY DESIGNED TO ENABLE THEM TO PROSPER IN OUR FREE ENTERPRISE SYSTEM. SINCE 1989, MORE THAN 887,500 YOUTH HAVE BENEFITED FROM THESE NONPROFIT PROGRAMS THAT BUILD LIFE SKILLS, WORK SKILLS, AND FINANCIAL SELF-SUFFICIENCY.

Activities or mission (Part I)

TO DEVELOP FINANCIAL LITERACY OF YOUNG PEOPLE THROUGH REAL-LIFE EXPERIENCES AND HANDS-ON PROGRAMS.

  • YOUNG AMERITOWNE IS A HANDS-ON PROGRAM THAT INTRODUCES 5TH GRADERS FROM ELEMENTARY SCHOOLS THROUGHOUT COLORADO TO OUR FREE ENTERPRISE SYSTEM. THE THIRTY-SEVEN LESSON CURRICULUM TAUGHT IN THE SCHOOL BY THE TEACHER CULMINATES WHEN THE STUDENTS RUN A LIFE-LIKE TOWN OF UP TO 17 BUSINESSES FOR A DAY, BRINGING THEIR LEARNING TO LIFE AND EXPERIENCING FREE ENTERPRISE FIRST-HAND. PARTICIPATION: 29,374 DURING 2023.

    Expenses $1,028,746 · Revenue $563,159

  • INTERNATIONAL TOWNE IS A ONE-OF-A-KIND PROGRAM THAT INTRODUCES MIDDLE SCHOOL STUDENTS TO THE FINANCIAL REALITIES OF THE GLOBAL MARKETPLACE. AFTER WEEKS OF CLASSROOM LESSONS AND ACTIVITIES, THE STUDENTS-TURNED-WORLD-CITIZENS COME TO INTERNATIONAL TOWNE TO RUN THE SIXTEEN-COUNTRY WORLD FOR A DAY, EXPERIENCING THE ECONOMIC CONCEPTS OF GLOBAL TRADING, CURRENCY EXCHANGE, IMPORTING AND EXPORTING, AND CULTURAL VALUES. PARTICIPATION: 8,092 STUDENTS DURING 2023.

    Expenses $261,703 · Revenue $170,610

  • YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION ALSO OFFERS A VARIETY OF ENTREPRENEURSHIP TRAINING PROGRAMS THROUGH OUR YOUTHBIZ DIVISION. SERVING DENVER-AREA YOUTH AGES 11 TO 18 WITH TARGETED FOCUS ON THOSE FROM LOW-INCOME, UNDERSERVED SCHOOLS AND NEIGHBORHOODS, YOUTH LEARN THE FOUNDATIONS OF BUSINESS AND ENTREPRENEURSHIP ENABLING THEM TO IDENTIFY OPPORTUNITIES AND TO DEVELOP PRODUCTS AND SERVICES THAT CREATE VALUE. YOUTHBIZ OFFERS TWO PROGRAMS, STARTUP AND OUT-OF-THE-BOX. STARTUP IS AN ENTRY LEVEL PROGRAM DESIGNED TO TEACH YOUTH THE BASICS OF ENTREPRENEURSHIP INCLUDING NEED IDENTIFICATION, PROTOTYPE DEVELOPMENT AND BUSINESS PITCH. YOUTHBIZ OUT-OF-THE-BOX TAKES STUDENTS FURTHER INTO THE PRODUCTION AND SALES CYCLES WITH REAL RETAIL OPPORTUNITIES, SUCH AS OUR YOUTHBIZ MARKETPLACE. IN 2023, YOUTHBIZ SERVED 3,533 STUDENTS.

    Expenses $415,085 · Revenue $20,210

  • THE ORGANIZATION ALSO CONDUCTED A VARIETY OF COMMUNITY OUTREACH PROGRAMMING INCLUDING MONEY MATTERS CLASSES, TOURS AND PRESENTATIONS. RURAL YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION, LLC IN WRAY, COLORADO OFFERS RURAL YOUNG AMERITOWNE TO SCHOOLS IN EASTERN COLORADO AND ACROSS THE BORDERS OF KANSAS AND NEBRASKA. 749 STUDENTS ATTENDED RURAL YOUNG AMERICANS IN 2023. IN ADDITION, YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION RUNS WEEKLY DAY CAMPS THROUGHOUT THE SUMMER. THEMES FOR THE CAMPS INCLUDE PERSONAL FINANCE AND BANKING, FREE ENTERPRISE, GLOBAL ECONOMICS AND ENTREPRENEURSHIP. SUMMER CAMP PARTICIPATION WAS 805 YOUTH IN 2023.

    Expenses $356,386 · Revenue $267,924

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Martinez Jr

    PRES & CEO T

    Total calculated
    $617,368
    From this org
    $31,752
    From related orgs
    $568,093
    Other
    $17,523
    Hours/week
    3.5 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $31,752 + $568,093 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $258 + $4,614 related
    Nontaxable benefits
    $670 + $11,981 related
    Filer's total
    $32,680 + $584,688 related

  • Andrew Hancock

    PRES. & CEO

    Total calculated
    $175,506
    From this org
    $60,531
    From related orgs
    $114,414
    Other
    $561
    Hours/week
    22.5 + 17.5 related

    Schedule J breakdown matched by us

    Base
    $60,531 + $114,414 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $194 + $367 related
    Filer's total
    $60,725 + $114,781 related

  • Dustin Zvonek

    PRES. & CEO

    Total calculated
    $59,377
    From this org
    $20,006
    From related orgs
    $37,815
    Other
    $1,556
    Hours/week
    22.5 + 17.5 related

  • Sue Euser

    VP ADMIN, SE

    Total calculated
    $142,101
    From this org
    $56,301
    From related orgs
    $70,128
    Other
    $15,672
    Hours/week
    35 + 5 related

  • Lauren Brozinski

    CONTROLLER,T

    Total calculated
    $149,981
    From this org
    $44,984
    From related orgs
    $90,102
    Other
    $14,895
    Hours/week
    27 + 13 related

  • Tobin Truslow

    VP BUS. AND

    Total calculated
    $138,522
    From this org
    $97,420
    From related orgs
    $27,338
    Other
    $13,764
    Hours/week
    31.2 + 8.8 related

  • Anna Leer

    SVP OF PROGR

    Total calculated
    $120,246
    From this org
    $104,510
    From related orgs
    $0
    Other
    $15,736
    Hours/week
    40

  • Amanda Krische

    VP PROG. OPE

    Total calculated
    $115,105
    From this org
    $100,635
    From related orgs
    $0
    Other
    $14,470
    Hours/week
    40

  • Michael Gersack

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Bendrick

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • Chris Becze

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Greg Blanchard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brian Cahill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mbiyu Chisholm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Adam Fiedor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tuhin Halder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Le

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Avi Loewenstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charlie Maguire

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jacob Payne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sean Pechan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bo Peretto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Christopher Picardi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Erin Simmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shannon Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bo Sutton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Aubrey Thacker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paolo Villasenor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Heather White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • YOUNG AMERICANS BANK

    C CORP · BANK · CO

    Directly controlled by YOUNG AMER

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.0
Source object
202402979349300920

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