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Nonprofiteer
← YOUTH CO-OP INC

Form 990 for tax year 2022

Filed by YOUTH CO-OP INC.

Totals

Total revenue
$45,210,186
Total expenses
$36,456,575
Contributions and grants received
$45,159,696
Grants paid
$0
Program service revenue
$0
Investment income
$110
Other revenue
$50,380
Total assets, end of year
$40,478,225
Total liabilities, end of year
$22,603,505
Net assets or fund balances, end of year
$17,874,720
Program services expenses (Part IX)
$34,041,849
Management and general expenses
$2,384,022
Fundraising expenses
$30,704
Program service expenses (Part III)
$34,041,849

Program services were 93.4% 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.

  • 1e · Government grants (contributions)

    $44,994,572

  • 1f · All other contributions, gifts and grants

    $165,124

  • 3 · Investment income

    total $110 · excluded $110

  • 11a · Other revenue: OTHER REVENUE

    total $50,380 · related or exempt $50,380

  • 11e · Other revenue, total

    $50,380

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $17,625,501 · program services $16,138,701 · management and general $1,463,467 · fundraising $23,333

  • 9 · Other employee benefits

    total $3,274,790 · program services $3,039,620 · management and general $230,598 · fundraising $4,572

  • 10 · Payroll taxes

    total $1,353,738 · program services $1,252,433 · management and general $99,423 · fundraising $1,882

  • 13 · Office expenses

    total $352,153 · program services $276,667 · management and general $75,441 · fundraising $45

  • 16 · Occupancy

    total $568,302 · program services $359,301 · management and general $209,001

  • 17 · Travel

    total $295,183 · program services $291,151 · management and general $4,032

  • 20 · Interest

    total $1,143,402 · program services $1,114,001 · management and general $29,401

  • 22 · Depreciation, depletion and amortization

    total $918,946 · program services $907,155 · management and general $11,791

  • 23 · Insurance

    total $392,358 · program services $363,135 · management and general $29,223

  • 24a · Other expenses: SUBCONTRACTED SERVICES

    total $5,803,502 · program services $5,803,502

  • 24b · Other expenses: ECONOMIC ASSISTANCE TO

    total $1,966,097 · program services $1,965,266 · management and general $56 · fundraising $775

  • 24c · Other expenses: SCHOOL EXPENSES

    total $649,793 · program services $649,793

  • 24d · Other expenses: PARTICIPANT INSTRUCTION

    total $520,517 · program services $520,517

  • 24e · All other expenses

    total $1,592,293 · program services $1,360,607 · management and general $231,589 · fundraising $97

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,005,470 · end of year $9,058,617

  • 3 · Pledges and grants receivable

    beginning of year $4,657,724 · end of year $8,092,513

  • 9 · Prepaid expenses and deferred charges

    beginning of year $92,380 · end of year $130,860

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

    $24,134,527

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

    $5,461,842

  • 10c · Land, buildings and equipment, net

    beginning of year $19,180,114 · end of year $18,672,685

  • 12 · Investments: other securities

    beginning of year $121,436 · end of year $108,105

  • 15 · Other assets

    beginning of year $2,330,823 · end of year $4,415,445

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,660,191 · end of year $2,391,755

  • 19 · Deferred revenue

    beginning of year $81,455 · end of year $95,643

  • 24 · Unsecured notes and loans payable

    beginning of year $21,396,046 · end of year $20,000,755

  • 25 · Other liabilities

    beginning of year $129,146 · end of year $115,352

  • 27 · Net assets without donor restrictions

    beginning of year $9,121,109 · end of year $17,874,720

Mission and programs · 2022

Mission

YCI'S MISSION IS TO IMPROVE THE SOCIAL AND ECONOMIC CONDITIONS OF FLORIDA RESIDENTS. YCI ACHIEVES THIS MISSION THROUGH A VARIETY OF PROGRAMS THAT DIRECTLY IMPACT FLORIDA'S YOUTH, ADULTS, FAMILIES, AND RECENT IMMIGRANTS, EMPOWERING THEM THROUGH EDUCATION AND EMPLOYMENT, AND IDENTIFYING AND STRENGTHENING THEIR KNOWLEDGE, SKILLS, TALENTS AND ABILITIES.

Activities or mission (Part I)

TO IMPROVE THE SOCIAL AND ECONOMIC CONDITIONS OF SOUTH FLORIDA RESIDENTS THROUGH A VARIETY OF PROGRAMS.

  • REFUGEE PROGRAMSREFUGEES ARE INDIVIDUALS AND FAMILIES WHO HAVE FLED THEIR COUNTRIES OF ORIGIN AND HAVE MET THE UNITED NATIONS' CRITERIA OF HAVING A "WELL-FOUNDED FEAR OF BEING PERSECUTED FOR REASONS OF RACE, RELIGION, NATIONALITY, MEMBERSHIP IN A PARTICULAR SOCIAL GROUP OF POLITICAL OPINION". THE REFUGEE SERVICES IN SOUTH FLORIDA, COVERING PALM BEACH, BROWARD AND MIAMI DADE COUNTIES, OFFER AN ARRAY OF PROGRAMS TO ASSIST REFUGEES, ASYLUMS, AND PUBLIC INTEREST PAROLEES IN ACHIEVING SELF-SUFFICIENCY TO EASE THE TRANSITION IN THEIR NEW COUNTRY. THE AGENCY HAS OFFERED REFUGEE EMPLOYMENT SERVICES SINCE 1982. IN 1997, YOUTH CO-OP JOINED THE NETWORK OF THE U.S. COMMITTEE FOR REFUGEES AND IMMIGRANTS TO PROVIDE RECEPTION AND PLACEMENT AND MATCHING GRANT PROGRAM SERVICES TO REFUGEES FROM VARIED COUNTRIES. ALL SERVICES ARE FREE AND AVAILABLE IN THE LANGUAGES SPOKEN BY THE PARTICIPANTS. THE RESETTLEMENT PROGRAM ASSISTS REFUGEES IN TRANSLATING THEIR STRENGTHS, SKILLS AND PAST EXPERIENCES INTO ASSETS; THE MATCH GRANT PROGRAM ASSISTS IN ACHIEVING EARLY SELF-SUFFICIENCY WITHOUT ACCESSING PUBLIC ASSISTANCE; EMPLOYMENT AND TRAINING PROGRAMS PROVIDE ASSISTANCE FOR EMPLOYMENT AS A KEY TO SUCCESSFUL INTEGRATION INTO AMERICAN SOCIETY AND IMMIGRATION ASSISTANCE IS ALSO PROVIDED IN PREPARATION FOR ACHIEVING CITIZENSHIP.

    Expenses $17,541,370

  • CHARTER SCHOOLSYCI'S BOARD IS COMMITTED TO GROW IN THE EDUCATION SECTOR. YCI CREATED AN EDUCATIONAL DIVISION TO OPERATE ITS NETWORK OF SCHOOLS, WHICH DESIGNS, DEVELOPS AND IMPLEMENTS SUCCESSFUL POLICIES AND PROCEDURES TO SUPPORT THE GROWTH OF THE NETWORK. THERE ARE CURRENTLY TWO SCHOOLS, WHICH HAVE CHARTERS SPONSORED BY THE MIAMI-DADE COUNTY PUBLIC SCHOOL BOARD YOUTH CO-OP CHARTER SCHOOL ("YCCS") AND YOUTH CO-OP PREPARATORY HIGH SCHOOL ("YCPHS"). FOR THE YEAR ENDED JUNE 30, 2023, AN AVERAGE OF 776 STUDENTS WERE ENROLLED IN GRADES KINDERGARTEN THROUGH EIGHTH AT YCCS AND AN AVERAGE OF 244 STUDENTS WERE ENROLLED IN GRADES NINTH THROUGH TWELFTH AT YCPHS.

    Expenses $10,963,922

  • WORKFORCE PROGRAMSYCI OPERATES THREE CAREER CENTERS IN PARTNERSHIP WITH THE LOCAL REGION'S WORKFORCE BOARD. CENTERS ARE LOCATED IN MIAMI DADE COUNTY. A BROAD RANGE OF SPECIALIZED SERVICES AND RESOURCES ARE AVAILABLE AND ACCESSIBLE TO JOB SEEKERS AND EMPLOYERS THROUGHOUT YOUTH CO-OP'S CENTERS. SERVICES ARE FUNDED BY VARIOUS FEDERAL GRANTS THAT TARGET SPECIFIC POPULATIONS AND NEEDS. THESE INCLUDE UNEMPLOYMENT AND REEMPLOYMENT ASSISTANCE TO THE GENERAL PUBLIC, ECONOMICALLY DISADVANTAGED ADULTS AND DISLOCATED WORKERS, OR FAMILIES IN NEED OF TEMPORARY ASSISTANCE. TRAINING AND SUPPORT SERVICES ARE OFFERED DEPENDING ON THE ELIGIBILITY AND ON THE SPECIFIC GOALS SET FOR EACH CLIENT.

    Expenses $4,010,160

  • YOUTHFUNDED BY FEDERAL AND LOCAL GRANTS, THESE PROGRAMS SERVE CHILDREN AND YOUTH AGES 5 THROUGH 24. THE PARTICIPANTS ARE FROM DIVERSE BACKGROUNDS REFLECTIVE OF THE COMMUNITY. THE OUT-OF-SCHOOL PROGRAM ADDRESSES THE NEEDS OF YOUTH WHO HAVE DROPPED OUT OF SCHOOL, THE IN-SCHOOL PROGRAM HELPS DROPOUT PREVENTION, AND TEACH POSITIVE DECISION-MAKING SKILLS TO PROMISING YOUTH WITH RISK FACTORS.

    Expenses $1,526,397

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elena Z George

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Wifredo Gort

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Blanca Malagon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jonathan A Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lourdes Rassi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Maria Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Osvaldo Frank Valladares

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Mario Hernandez-Fumero

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Ania Diaz

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Connie Perez-Borroto

    PRESIDENT

    Total calculated
    $212,524
    From this org
    $212,524
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,524
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $212,524
  • Maritza Aragon

    PRINCIPAL

    Total calculated
    $155,201
    From this org
    $155,201
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,201
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $155,201
  • Alicia Sante

    PROGRAM DIRECTOR

    Total calculated
    $204,761
    From this org
    $204,761
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,761
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $204,761
  • Leisy Reitz

    VICE PRINCIPAL

    Total calculated
    $125,734
    From this org
    $125,734
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jorge Pichardo

    FINANCE DIRECTOR

    Total calculated
    $138,757
    From this org
    $138,757
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Amo Lemus

    ATTORNEY

    Total calculated
    $112,042
    From this org
    $112,042
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Alejandro Portela

    ASSISTANT PRINCIPAL

    Total calculated
    $107,312
    From this org
    $107,312
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jesus Garcia

    PROGRAM SUPERVISOR

    Total calculated
    $100,008
    From this org
    $100,008
    From related orgs
    $0
    Other
    $0
    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 · 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
2022
Filed
5 April 2024
IRS schema version
2022v5.0
Source object
202441109349301739

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