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Nonprofiteer
← CAPITAL YOUTH EMPOWERMENT PROGRAM

Form 990 for tax year 2024

Filed by CAPITAL YOUTH EMPOWERMENT PROGRAM.

Totals

Total revenue
$2,080,151
Total expenses
$1,765,655
Contributions and grants received
$2,078,031
Grants paid
$0
Program service revenue
$0
Investment income
$2,120
Other revenue
$0
Total assets, end of year
$586,745
Total liabilities, end of year
$40,417
Net assets or fund balances, end of year
$546,328
Program services expenses (Part IX)
$1,252,748
Management and general expenses
$473,800
Fundraising expenses
$39,107
Program service expenses (Part III)
$1,252,748

Program services were 71.0% 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

    $43,438

  • 1e · Government grants (contributions)

    $2,034,593

  • 3 · Investment income

    total $2,120 · unrelated business $2,120

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $349,078 · program services $349,078

  • 7 · Other salaries and wages

    total $520,993 · program services $520,993

  • 8 · Pension plan contributions

    total $16,509 · program services $16,509

  • 9 · Other employee benefits

    total $136,624 · program services $136,624

  • 10 · Payroll taxes

    total $61,120 · program services $61,120

  • 11a · Fees: management

    total $131,360 · program services $2,800 · management and general $128,560

  • 11c · Fees: accounting

    total $91,795 · management and general $91,795

  • 11e · Fees: professional fundraising services

    total $38,790 · fundraising $38,790

  • 14 · Information technology

    total $29,532 · management and general $29,532

  • 16 · Occupancy

    total $69,240 · management and general $69,240

  • 24a · Other expenses: Staff & Classes

    total $188,045 · program services $148,719 · management and general $39,326

  • 24b · Other expenses: Other Costs

    total $132,569 · program services $16,905 · management and general $115,347 · fundraising $317

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $277,011 · end of year $470,062

  • 4 · Accounts receivable

    beginning of year $226,886 · end of year $99,365

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

    $29,929

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

    $12,611

  • 10c · Land, buildings and equipment, net

    beginning of year $14,494 · end of year $17,318

  • 15 · Other assets

    beginning of year $331

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,420 · end of year $17,188

  • 19 · Deferred revenue

    beginning of year $110,000

  • 24 · Unsecured notes and loans payable

    beginning of year $20,131 · end of year $23,229

  • 27 · Net assets without donor restrictions

    beginning of year $375,171 · end of year $546,328

Mission and programs · 2024

Mission

CYEP promotes equity for underserved people through social skill development and economic mobility.

Activities or mission (Part I)

CYEP promotes equity for underserved people through social skill development and economic mobility

  • Fathers in Tech is primarily funded with a grant from the US Department of Health and Human Services (HHS)- The Fatherhood FIRE grant funds projects that integrate robust economic stability services healthy marriage education, and activities designed to foster responsible parenting. CYEP also serves fathers who are within nine months of release from incarceration and who intend to return to communities and families. Fathers in Tech provides workforce development opportunities to assist these men become providers for their families.

    Expenses $896,865 · Revenue $1,422,353

  • Project Success is how we engage with youth to better promote positive youth empowerment and healthy lifestyle choices for students through youth development programs. CYEP wants to ensure we provide our youth training programs that will help them achieve their goals and become successful, productive adults. Project Success addresses a variety of topics and subject matter which include teen pregnancy prevention, domestic violence prevention, STEM, mental health awareness and social and emotional learning.

    Expenses $355,883 · Revenue $592,240

As filed on the 2024 return.

Listed in Part VII

  • Erick King

    EXECUTIVE DIRECTOR

    Total calculated
    $236,198
    From this org
    $236,198
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,198
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $236,198

  • Isaac King

    COO

    Total calculated
    $112,880
    From this org
    $112,880
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jonathan Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Blake Covington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Todd Gibb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Peggy Fox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Todd Rowley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Walter Barnes III

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Darrell McGraw

    TREASURER

    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

  • 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
16 May 2025
IRS schema version
2024v5.1
Source object
202501369349300315

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