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Nonprofiteer
← YOUTH OPPORTUNITY CENTER FOUNDATION INC

Form 990 for tax year 2024

Filed by YOUTH OPPORTUNITY CENTER FOUNDATION INC.

Totals

Total revenue
$1,415,898
Total expenses
$224,229
Contributions and grants received
$1,162,666
Grants paid
$214,565
Program service revenue
$0
Investment income
$254,163
Other revenue
-$931
Total assets, end of year
$4,615,400
Total liabilities, end of year
$3,513
Net assets or fund balances, end of year
$4,611,887
Program services expenses (Part IX)
$214,565
Management and general expenses
$2,546
Fundraising expenses
$7,118
Program service expenses (Part III)
$214,565

Program services were 95.7% 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

    $52,596

  • 1f · All other contributions, gifts and grants

    $1,110,070

  • 3 · Investment income

    total $119,074 · excluded $119,074

  • 7a · Gross sales of assets other than inventory

    securities $405,859

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

    securities $270,770

  • 7c · Gain or loss

    securities $135,089

  • 7d · Net gain or loss

    total $135,089 · excluded $135,089

  • 8a · Fundraising events: gross income

    $5,640

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

    $52,596

  • 8b · Fundraising events: direct expenses

    $6,571

  • 8c · Net income from fundraising events

    total -$931 · excluded -$931

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $214,565 · program services $214,565

  • 11f · Fees: investment management

    total $2,546 · management and general $2,546

  • 14 · Information technology

    total $6,888 · fundraising $6,888

  • 19 · Conferences, conventions and meetings

    total $230 · fundraising $230

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $181,848 · end of year $355,031

  • 2 · Savings and temporary cash investments

    beginning of year $2,465,210 · end of year $3,674,922

  • 7 · Other notes and loans receivable

    beginning of year $500,000 · end of year $500,000

  • 11 · Investments: publicly traded securities

    beginning of year $74,974 · end of year $85,447

  • 12 · Investments: other securities

    beginning of year $367,783

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,094 · end of year $3,513

  • 27 · Net assets without donor restrictions

    beginning of year $403,748 · end of year $361,349

  • 28 · Net assets with donor restrictions

    beginning of year $3,117,973 · end of year $4,250,538

Mission and programs · 2024

Mission

TO PROVIDE FINANCIAL SUPPORT FOR THE YOUTH OPPORTUNITY CENTER, INC.

  • FINANCIAL SUPPORT OF THE YOUTH OPPORTUNITY CENTER, INC.

    Expenses $214,565 · Grants $214,565

As filed on the 2024 return.

Listed in Part VII

  • BARRY GREEN

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KEVIN MANDRELL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JONATHAN VANATOR

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ALISE PHILLIPS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BRANDON HAYES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY HELM

    DIRECTOR

    Total calculated
    $168,214
    From this org
    $0
    From related orgs
    $140,000
    Other
    $28,214
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,200 related
    Nontaxable benefits
    $0 + $14,014 related
    Filer's total
    $0 + $168,214 related

  • GREG LANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY M PARSONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RICHARD D ROWRAY

    DIRECTOR

    Total calculated
    $108,000
    From this org
    $0
    From related orgs
    $108,000
    Other
    $0
    Hours/week
    1 + 40 related

  • KATHY WALKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · 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

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE DIRECTOR IS COMPENSATED BY THE YOUTH OPPORTUNITY CENTER, INC., A RELATED ORGANIZATION. COMPENSATION IS ESTABLISHED BY THE POLICIES OF THE YOUTH OPPORTUNITY CENTER, INC. SEE RESPONSE TO FORM 990, PART VI, SECTION B, LINE 15. THE ORGANIZATION DID NOT EMPLOYEE AN EXECUTIVE DIRECTOR FOR THE 2024-2025 FISCAL YEAR.

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

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2024
Filed
15 January 2026
IRS schema version
2024v5.5
Source object
202620409349301957

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