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Nonprofiteer
← APEX FOR YOUTH INC

Form 990 for tax year 2024

Filed by APEX FOR YOUTH INC.

Totals

Total revenue
$6,543,794
Total expenses
$7,383,158
Contributions and grants received
$6,523,904
Grants paid
$197,170
Program service revenue
$0
Investment income
$7,483
Other revenue
$12,407
Total assets, end of year
$6,448,412
Total liabilities, end of year
$1,653,715
Net assets or fund balances, end of year
$4,794,697
Program services expenses (Part IX)
$5,696,113
Management and general expenses
$675,475
Fundraising expenses
$1,011,570
Program service expenses (Part III)
$5,696,113

Program services were 77.2% 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

    $2,870,317

  • 1e · Government grants (contributions)

    $530,459

  • 1f · All other contributions, gifts and grants

    $3,123,128

  • 1g · Noncash contributions included above

    $120,179

  • 3 · Investment income

    total $7,483 · excluded $7,483

  • 8a · Fundraising events: gross income

    $894,262

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

    $2,870,317

  • 8b · Fundraising events: direct expenses

    $894,262

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $12,407 · excluded $12,407

  • 11e · Other revenue, total

    $12,407

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $197,170 · program services $197,170

  • 5 · Compensation of officers, directors and key employees

    total $387,663 · program services $109,967 · management and general $54,984 · fundraising $222,712

  • 7 · Other salaries and wages

    total $3,707,001 · program services $3,102,631 · management and general $218,920 · fundraising $385,450

  • 8 · Pension plan contributions

    total $30,294 · program services $25,823 · management and general $1,973 · fundraising $2,498

  • 9 · Other employee benefits

    total $360,812 · program services $283,639 · management and general $23,971 · fundraising $53,202

  • 10 · Payroll taxes

    total $377,256 · program services $296,208 · management and general $25,217 · fundraising $55,831

  • 11b · Fees: legal

    total $38,879 · program services $29,159 · management and general $5,832 · fundraising $3,888

  • 11c · Fees: accounting

    total $83,079 · management and general $83,079

  • 11g · Fees: other

    total $528,286 · program services $432,279 · management and general $42,151 · fundraising $53,856

  • 12 · Advertising and promotion

    total $297,211 · program services $98,460 · management and general $61,288 · fundraising $137,463

  • 13 · Office expenses

    total $493,479 · program services $487,123 · management and general $3,406 · fundraising $2,950

  • 14 · Information technology

    total $8,955 · program services $5,599 · management and general $1,473 · fundraising $1,883

  • 16 · Occupancy

    total $458,567 · program services $412,891 · management and general $22,838 · fundraising $22,838

  • 17 · Travel

    total $6,327 · program services $4,026 · management and general $716 · fundraising $1,585

  • 22 · Depreciation, depletion and amortization

    total $31,655 · management and general $31,655

  • 23 · Insurance

    total $50,031 · program services $39,283 · management and general $3,344 · fundraising $7,404

  • 24a · Other expenses: PROFESSIONAL DEVELOPMEN

    total $100,329 · program services $78,657 · management and general $6,846 · fundraising $14,826

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $70,199 · program services $52,649 · management and general $10,530 · fundraising $7,020

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $70,160 · management and general $70,160

  • 24d · Other expenses: BANK FEES

    total $45,693 · program services $34,270 · management and general $6,854 · fundraising $4,569

  • 24e · All other expenses

    total $40,112 · program services $6,279 · management and general $238 · fundraising $33,595

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,303,714 · end of year $1,057,393

  • 2 · Savings and temporary cash investments

    beginning of year $2,004,177 · end of year $1,803,957

  • 3 · Pledges and grants receivable

    beginning of year $2,255,637 · end of year $2,281,304

  • 9 · Prepaid expenses and deferred charges

    beginning of year $174,461 · end of year $205,504

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

    $271,645

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

    $192,438

  • 10c · Land, buildings and equipment, net

    beginning of year $78,046 · end of year $79,207

  • 15 · Other assets

    beginning of year $1,402,845 · end of year $1,021,047

  • 17 · Accounts payable and accrued expenses

    beginning of year $381,200 · end of year $591,469

  • 19 · Deferred revenue

    end of year $24,000

  • 25 · Other liabilities

    beginning of year $1,443,323 · end of year $1,038,246

  • 27 · Net assets without donor restrictions

    beginning of year $3,784,312 · end of year $3,417,402

  • 28 · Net assets with donor restrictions

    beginning of year $1,610,045 · end of year $1,377,295

Mission and programs · 2024

Mission

APEX FOR YOUTH DELIVERS POSSIBILITIES TO UNDERSERVED ASIAN AND IMMIGRANT YOUTH FROM LOW-INCOME FAMILIES IN NYC. APEX RECRUITS WORKING PROFESSIONALS TO VOLUNTEER AND BECOME POSITIVE ROLE MODELS WHO INSPIRE YOUTH TO EXPAND THEIR HORIZONS AND ENVISION WHAT IS POSSIBLE FOR THEIR LIVES. THROUGH MENTORING AND EDUCATIONAL PROGRAMS THAT SERVE STUDENTS FROM PRE-K TO 12TH GRADE AND BEYOND, APEX VOLUNTEERS GUIDE AND SUPPORT YOUTH TO BECOME CONFIDENT, BE READY FOR COLLEGE AND GIVE BACK TO THE COMMUNITY.

  • CCS: WE MATCH 11TH AND 12TH GRADERS WITH COLLEGE GUIDES TO HELP STUDENTS NAVIGATE ALL PARTS OF THE COLLEGE APPLICATION, FINANCIAL AID, ACCEPTANCE AND SCHOLARSHIP SEARCH PROCESS. YOU WILL HAVE ACCESS TO NETWORKING OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT WORKSHOPS TO EXPLORE WHAT MIGHT BE THE BEST CAREER PATHWAY FOR YOU.

    Expenses $860,789 · Grants $197,170

  • ELEMENTARY: HANDS-ON WORKSHOPS, COMMUNITY-DRIVEN FIELD TRIPS, AND CULTURAL ACTIVITIES TO SPARK CURIOSITY, FOSTER TEAMWORK, AND NURTURE IDENTITY AND HERITAGE EXPLORATION.

    Expenses $784,412

  • MENTORING:WE PROVIDE 1:1 MENTORSHIP BY CREATING SPACE AND ACTIVITIES FOR YOU TO BOND WITH YOUR MENTORS. OUR MENTORS WILL BE THERE FOR YOU EVERY STEP OF THE WAY AND WILL WALK ALONGSIDE YOU TO NAVIGATE ANY CHALLENGES AND JOYS IN YOUR LIFE.

    Expenses $735,620

  • ATHLETICS, MENTAL HEALTH, COMMUNITY PROGRAMS

    Expenses $3,315,292

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Preeti Sriratana

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Eric Lee

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Kathy Wong

    SECRETARY (THROUGH 05/25)

    Total calculated
    $0
    Hours/week
    3
  • Blaise Chow

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Jeffrey Chen

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Raymond Chan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • David Jar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Aya Kanai

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Melody Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Gilbert Liu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Patrick Lo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Yukari Matsuzawa Pass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Karen Wong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Patrick Yee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Wen Zhou

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Maxine Ng Dalio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Roy Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Allister Chan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Jiyoon Chung

    EXECUTIVE DIRECTOR

    Total calculated
    $210,334
    From this org
    $208,400
    From related orgs
    $0
    Other
    $1,934
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,400
    Bonus
    $0
    Other
    $0
    Deferred
    $1,090
    Nontaxable benefits
    $844
    Filer's total
    $210,334
  • Wendy Hu-Au

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $159,495
    From this org
    $157,167
    From related orgs
    $0
    Other
    $2,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,167
    Bonus
    $0
    Other
    $0
    Deferred
    $2,200
    Nontaxable benefits
    $128
    Filer's total
    $159,495
  • Yaya Yuan

    DIRECTOR OF PROGRAMS

    Total calculated
    $135,222
    From this org
    $133,408
    From related orgs
    $0
    Other
    $1,814
    Hours/week
    40
  • Paul Jochico

    DEPUTY DIR OF HUMAN RESOURCES

    Total calculated
    $115,662
    From this org
    $106,750
    From related orgs
    $0
    Other
    $8,912
    Hours/week
    40
  • Alex Kogan

    DIRECTOR OF OPERATIONS

    Total calculated
    $116,700
    From this org
    $108,576
    From related orgs
    $0
    Other
    $8,124
    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. 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 June 2026
IRS schema version
2024v5.5
Source object
202621669349301852

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