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Nonprofiteer
← YEAR UP INC

Form 990 for tax year 2024

Filed by YEAR UP INC.

Totals

Total revenue
$151,920,400
Total expenses
$181,004,665
Contributions and grants received
$65,560,319
Grants paid
$30,875,865
Program service revenue
$82,637,323
Investment income
$2,981,275
Other revenue
$741,483
Total assets, end of year
$179,220,128
Total liabilities, end of year
$34,607,572
Net assets or fund balances, end of year
$144,612,556
Program services expenses (Part IX)
$148,848,970
Management and general expenses
$22,398,607
Fundraising expenses
$9,757,088
Program service expenses (Part III)
$148,848,970

Program services were 82.2% 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

    $93,375

  • 1e · Government grants (contributions)

    $1,620,259

  • 1f · All other contributions, gifts and grants

    $63,846,685

  • 1g · Noncash contributions included above

    $5,897,802

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $82,637,323 · related or exempt $82,637,323

  • 3 · Investment income

    total $3,123,402 · excluded $3,123,402

  • 6a · Gross rents

    real property $689,567

  • 6b · Less rental expenses

    real property $689,567

  • 6c · Rental income or loss

    real property $0

  • 7a · Gross sales of assets other than inventory

    securities $21,377,981

  • 7b · Less cost or other basis and sales expenses

    securities $21,515,885 · other assets $4,223

  • 7c · Gain or loss

    securities -$137,904 · other assets -$4,223

  • 7d · Net gain or loss

    total -$142,127 · related or exempt -$142,127

  • 8a · Fundraising events: gross income

    $725,425

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

    $93,375

  • 8b · Fundraising events: direct expenses

    $209,257

  • 8c · Net income from fundraising events

    total $516,168 · excluded $516,168

  • 11a · Other revenue: MISCELLANEOUS

    total $225,315 · related or exempt $225,315

  • 11e · Other revenue, total

    $225,315

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $30,875,865 · program services $30,875,865

  • 5 · Compensation of officers, directors and key employees

    total $4,738,145 · program services $2,181,603 · management and general $2,349,902 · fundraising $206,640

  • 7 · Other salaries and wages

    total $73,004,246 · program services $56,844,453 · management and general $10,054,351 · fundraising $6,105,442

  • 8 · Pension plan contributions

    total $3,160,499 · program services $2,461,753 · management and general $440,464 · fundraising $258,282

  • 9 · Other employee benefits

    total $13,690,613 · program services $11,043,108 · management and general $1,666,897 · fundraising $980,608

  • 10 · Payroll taxes

    total $5,594,512 · program services $4,251,829 · management and general $895,122 · fundraising $447,561

  • 11a · Fees: management

    total $3,643,098 · program services $3,643,098

  • 11b · Fees: legal

    total $28,615 · management and general $28,615

  • 11c · Fees: accounting

    total $178,993 · management and general $178,993

  • 11f · Fees: investment management

    total $152,078 · management and general $152,078

  • 11g · Fees: other

    total $1,128,636 · program services $17,209 · management and general $611,404 · fundraising $500,023

  • 12 · Advertising and promotion

    total $4,141,036 · program services $4,080,894 · management and general $18,663 · fundraising $41,479

  • 13 · Office expenses

    total $3,736,184 · program services $2,207,147 · management and general $1,244,958 · fundraising $284,079

  • 14 · Information technology

    total $9,264,332 · program services $7,705,694 · management and general $1,073,883 · fundraising $484,755

  • 16 · Occupancy

    total $6,653,700 · program services $4,378,879 · management and general $2,260,270 · fundraising $14,551

  • 17 · Travel

    total $2,852,450 · program services $2,007,325 · management and general $618,082 · fundraising $227,043

  • 22 · Depreciation, depletion and amortization

    total $4,712,508 · program services $3,700,958 · management and general $804,925 · fundraising $206,625

  • 24a · Other expenses: STUDENT RELATED DIRECT

    total $13,449,155 · program services $13,449,155

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,142,188 · end of year $4,352,112

  • 2 · Savings and temporary cash investments

    beginning of year $44,326,514 · end of year $41,461,407

  • 3 · Pledges and grants receivable

    beginning of year $55,246,923 · end of year $33,907,709

  • 4 · Accounts receivable

    beginning of year $20,964,784 · end of year $4,567,748

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,323,559 · end of year $2,560,609

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

    $46,160,569

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

    $31,490,936

  • 10c · Land, buildings and equipment, net

    beginning of year $14,305,198 · end of year $14,669,633

  • 11 · Investments: publicly traded securities

    beginning of year $50,431,461 · end of year $60,363,975

  • 15 · Other assets

    beginning of year $22,462,663 · end of year $17,336,935

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,502,369 · end of year $11,358,931

  • 19 · Deferred revenue

    beginning of year $3,221,079 · end of year $3,988,315

  • 25 · Other liabilities

    beginning of year $25,701,474 · end of year $19,260,326

  • 27 · Net assets without donor restrictions

    beginning of year $86,770,279 · end of year $87,440,479

  • 28 · Net assets with donor restrictions

    beginning of year $85,008,089 · end of year $57,172,077

Mission and programs · 2024

Mission

YEAR UP'S MISSION IS TO CLOSE THE OPPORTUNITY DIVIDE BY ENSURING THAT YOUNG ADULTS GAIN THE SKILLS, EXPERIENCES, AND SUPPORT THAT WILL EMPOWER THEM TO REACH THEIR POTENTIAL THROUGH CAREERS AND HIGHER EDUCATION.

  • SEE SCHEDULE O

    Expenses $148,848,970 · Grants $30,875,865 · Revenue $82,720,511

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

Listed in Part VII

  • GERALD CHERTAVIAN

    BOARD MEMBER/FOUNDER & SENIOR ADVISOR

    Total calculated
    $688,005
    From this org
    $627,532
    From related orgs
    $0
    Other
    $60,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $425,865
    Bonus
    $0
    Other
    $201,667
    Deferred
    $30,500
    Nontaxable benefits
    $29,973
    Filer's total
    $688,005

  • PAUL EDGERLEY

    CHAIR (UNTIL 12/24)

    Total calculated
    $0
    Hours/week
    1

  • GREG WALTON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PETER HANDRINOS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • GARRETT MORAN

    BOARD MEMBER/CHAIR (AS OF 12/24)

    Total calculated
    $0
    Hours/week
    1

  • TIM DIBBLE

    PAST CHAIR/FINANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JUDY MINER

    BOARD MEMBER/PROGRAM COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ROD MCCOWAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CINDY ROBBINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JIM FOWLER

    BOARD MEMBER/AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RUTH BOWEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GELEANA DREW ALSTON

    BOARD MEMBER/ GOVNOM COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KAREN REARDON

    BOARD MEMBER/HCC COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ANEL PEREZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANGELICA PINEDA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BARBY SIEGEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM GREEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JARED GOODMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH BARATTA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RESHMA KEWALRAMANI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRIS GORDON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ELLEN MCCLAIN HAIME

    CEO & PRESIDENT

    Total calculated
    $603,001
    From this org
    $550,000
    From related orgs
    $0
    Other
    $53,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $550,000
    Bonus
    $0
    Other
    $0
    Deferred
    $20,096
    Nontaxable benefits
    $32,905
    Filer's total
    $603,001

  • SUSAN MURRAY

    CHIEF REVENUE OFFICER

    Total calculated
    $413,280
    From this org
    $364,385
    From related orgs
    $0
    Other
    $48,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $364,385
    Bonus
    $0
    Other
    $0
    Deferred
    $18,219
    Nontaxable benefits
    $30,676
    Filer's total
    $413,280

  • CHRYSTAL STOKES WILLIAMS

    CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER

    Total calculated
    $354,964
    From this org
    $308,846
    From related orgs
    $0
    Other
    $46,118
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $308,846
    Bonus
    $0
    Other
    $0
    Deferred
    $15,442
    Nontaxable benefits
    $30,676
    Filer's total
    $354,964

  • ERIC WESTPHAL

    CHIEF OPERATING OFFICER (AS OF 11/5/24)

    Total calculated
    $66,951
    From this org
    $61,827
    From related orgs
    $0
    Other
    $5,124
    Hours/week
    40

  • TARA MIMI JENNINGS

    CHIEF PEOPLE OFFICER

    Total calculated
    $272,596
    From this org
    $259,615
    From related orgs
    $0
    Other
    $12,981
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,615
    Bonus
    $0
    Other
    $0
    Deferred
    $12,981
    Nontaxable benefits
    $0
    Filer's total
    $272,596

  • ELYSE ROSENBLUM

    MAN. DIR., GRADS OF LIFE (UNTIL 12/13/24)

    Total calculated
    $393,565
    From this org
    $354,916
    From related orgs
    $0
    Other
    $38,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $354,916
    Bonus
    $0
    Other
    $0
    Deferred
    $8,322
    Nontaxable benefits
    $30,327
    Filer's total
    $393,565

  • GARY FLOWERS

    CHIEF TRANSFORMATION & TECHNOLOGY OFFICER

    Total calculated
    $333,061
    From this org
    $309,039
    From related orgs
    $0
    Other
    $24,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,039
    Bonus
    $0
    Other
    $0
    Deferred
    $14,104
    Nontaxable benefits
    $9,918
    Filer's total
    $333,061

  • ELISHA PILAR BENTON GILLIAM

    CHIEF TALENT NETWORKS OFFICER

    Total calculated
    $310,178
    From this org
    $285,962
    From related orgs
    $0
    Other
    $24,216
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,962
    Bonus
    $0
    Other
    $0
    Deferred
    $14,298
    Nontaxable benefits
    $9,918
    Filer's total
    $310,178

  • RONDA THOMPSON

    CHIEF DIVERSITY, EQUITY, INCL. & BELONGING OFFICER

    Total calculated
    $287,548
    From this org
    $254,615
    From related orgs
    $0
    Other
    $32,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,615
    Bonus
    $0
    Other
    $0
    Deferred
    $12,731
    Nontaxable benefits
    $20,202
    Filer's total
    $287,548

  • ROBERTO ZELEDON

    CHIEF MARKETING OFFICER

    Total calculated
    $292,861
    From this org
    $249,704
    From related orgs
    $0
    Other
    $43,157
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,704
    Bonus
    $0
    Other
    $0
    Deferred
    $12,481
    Nontaxable benefits
    $30,676
    Filer's total
    $292,861

  • CATHERINE ANG

    NATIONAL DIRECTOR OF ENROLLMENT

    Total calculated
    $277,455
    From this org
    $239,423
    From related orgs
    $0
    Other
    $38,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,423
    Bonus
    $0
    Other
    $0
    Deferred
    $7,356
    Nontaxable benefits
    $30,676
    Filer's total
    $277,455

  • MEREDITH JAREMCHUK

    CHIEF PROGRAM OFFICER (UNTIL 7/14/24)

    Total calculated
    $222,361
    From this org
    $196,567
    From related orgs
    $0
    Other
    $25,794
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,567
    Bonus
    $0
    Other
    $0
    Deferred
    $7,940
    Nontaxable benefits
    $17,854
    Filer's total
    $222,361

  • HEATHER HUTCHINSON

    INTERIM CHIEF PROGRAM OFFICER

    Total calculated
    $222,319
    From this org
    $194,083
    From related orgs
    $0
    Other
    $28,236
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,083
    Bonus
    $0
    Other
    $0
    Deferred
    $7,435
    Nontaxable benefits
    $20,801
    Filer's total
    $222,319

  • JOHN GALANTE

    MANAGING DIRECTOR, CORPORATE ENGAGEMENT

    Total calculated
    $298,433
    From this org
    $266,895
    From related orgs
    $0
    Other
    $31,538
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,895
    Bonus
    $0
    Other
    $0
    Deferred
    $9,233
    Nontaxable benefits
    $22,305
    Filer's total
    $298,433

  • CHRISTINE BARBER

    CHIEF OF STAFF

    Total calculated
    $285,189
    From this org
    $243,885
    From related orgs
    $0
    Other
    $41,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,885
    Bonus
    $0
    Other
    $0
    Deferred
    $10,628
    Nontaxable benefits
    $30,676
    Filer's total
    $285,189

  • LINZEY JONES

    MANAGING DIRECTOR, CORPORATE ENGAGEMENT

    Total calculated
    $251,043
    From this org
    $240,408
    From related orgs
    $0
    Other
    $10,635
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,408
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,635
    Filer's total
    $251,043

  • EBONY THOMAS

    INTERIM MANAGING PARTNER, GRADS OF LIFE

    Total calculated
    $254,812
    From this org
    $232,550
    From related orgs
    $0
    Other
    $22,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,550
    Bonus
    $0
    Other
    $0
    Deferred
    $11,627
    Nontaxable benefits
    $10,635
    Filer's total
    $254,812

  • PHOEBE C WILLIAMS

    REGIONAL DIRECTOR OF PROGRAM

    Total calculated
    $270,263
    From this org
    $229,975
    From related orgs
    $0
    Other
    $40,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,975
    Bonus
    $0
    Other
    $0
    Deferred
    $9,612
    Nontaxable benefits
    $30,676
    Filer's total
    $270,263

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
THE FOUNDER AND FORMER CEO RETIRED FROM THAT ROLE IN 2023 AFTER 23 YEARS OF DEDICATED SERVICE TO YEAR UP AND ITS CONSTITUENTS AND RECEIVED A SEVERANCE PAYMENT IN 2024. HE CURRENTLY SERVES IN A PART-TIME CAPACITY AS SPECIAL ADVISOR.

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.

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.

Related corporations and trusts

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

  • YEAR UP PROFESSIONAL RESOURCES

    C · STAFFING AND RECRUITING · DE · 100% owned · share of income $5,069,358 · share of assets $8,865,981

    Directly controlled by YEAR UP INC

Provenance

Return type
form_990
Tax year
2024
Filed
1 April 2025
IRS schema version
2024v5.1
Source object
202520929349300017

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