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Nonprofiteer
← Youth Invest Partners Inc

Form 990 for tax year 2023

Filed by Youth Invest Partners Inc.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 16 January 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,971,788 changed to $40,644
Total expenses
$4,526,158 changed to $428,227
Contributions and grants received
$1,846,517 changed to $0
Grants paid
$605,411 changed to $94,000
Investment income
$12,370 changed to $40,644
Other revenue
$112,901 changed to $0
Total assets, end of year
$2,224,219 changed to $0
Total liabilities, end of year
$1,856,963 changed to $0
Net assets or fund balances, end of year
$367,256 changed to $0
Program services expenses
$2,843,763 changed to $94,000
Management and general expenses
$1,324,777 changed to $334,227
Fundraising expenses
$357,618 changed to $0
Program service expenses (Part III)
$2,843,763 changed to $94,000

Totals

Total revenue
$1,971,788
Total expenses
$4,526,158
Contributions and grants received
$1,846,517
Grants paid
$605,411
Program service revenue
$0
Investment income
$12,370
Other revenue
$112,901
Total assets, end of year
$2,224,219
Total liabilities, end of year
$1,856,963
Net assets or fund balances, end of year
$367,256
Program services expenses (Part IX)
$2,843,763
Management and general expenses
$1,324,777
Fundraising expenses
$357,618
Program service expenses (Part III)
$2,843,763

Program services were 62.8% 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)

    $250,000

  • 1f · All other contributions, gifts and grants

    $1,596,517

  • 3 · Investment income

    total $10,854 · excluded $10,854

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,516

  • 7c · Gain or loss

    securities $1,516

  • 7d · Net gain or loss

    total $1,516 · excluded $1,516

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $109,901 · excluded $109,901

  • 11b · Other revenue: SPONSORSHIP INCOME

    total $3,000 · excluded $3,000

  • 11e · Other revenue, total

    $112,901

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $605,411 · program services $605,411

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $452,069 · program services $119,297 · management and general $326,987 · fundraising $5,785

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,105,442 · program services $364,122 · management and general $596,647 · fundraising $144,673

  • 8 · Pension plan contributions

    total $37,237 · program services $10,923 · management and general $22,287 · fundraising $4,027

  • 9 · Other employee benefits

    total $344,479 · program services $101,052 · management and general $206,176 · fundraising $37,251

  • 10 · Payroll taxes

    total $120,196 · program services $35,259 · management and general $71,939 · fundraising $12,998

  • 11a · Fees: management

    total $1,013,444 · program services $970,798 · management and general $42,096 · fundraising $550

  • 11b · Fees: legal

    total $25,122 · management and general $25,122

  • 11c · Fees: accounting

    total $42,203 · management and general $42,203

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $40,322 · management and general $40,322

  • 14 · Information technology

    total $133,486 · management and general $133,486

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $288,797 · management and general $288,797

  • 17 · Travel

    total $20,777 · management and general $20,777

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $248,842 · program services $636,901 · management and general -$540,393 · fundraising $152,334

  • 20 · Interest

    total $14,997 · management and general $14,997

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $20,299 · management and general $20,299

  • 23 · Insurance

    total $13,035 · management and general $13,035

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $186,136 · end of year $12,738

  • 2 · Savings and temporary cash investments

    beginning of year $1,154,654 · end of year $309,544

  • 3 · Pledges and grants receivable

    beginning of year $1,725,005 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $6

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,935 · end of year $0

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

    $76,204

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

    $34,333

  • 10c · Land, buildings and equipment, net

    beginning of year $61,304 · end of year $41,871

  • 11 · Investments: publicly traded securities

    beginning of year $111,605 · end of year $117,928

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,759,910 · end of year $1,742,132

  • 17 · Accounts payable and accrued expenses

    beginning of year $296,790 · end of year $32,316

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,784,232 · end of year $1,824,647

  • 27 · Net assets without donor restrictions

    beginning of year $1,195,069 · end of year $222,645

  • 28 · Net assets with donor restrictions

    beginning of year $1,775,458 · end of year $144,611

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • SEE SCHEDULE O

    Expenses $2,238,353

  • SEE SCHEDULE O

    Grants $605,411

  • SEE SCHEDULE O

    Expenses $605,410

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CAROL THOMPSON COLE

    PRESIDENT, CEO AND DIRECTOR

    Total calculated
    $316,017
    From this org
    $290,467
    From related orgs
    $0
    Other
    $25,550
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,467
    Bonus
    $0
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $3,050
    Filer's total
    $316,017

  • TANYA EDELIN

    VP, FINANCE AND ADMINISTRATION

    Total calculated
    $199,495
    From this org
    $180,144
    From related orgs
    $0
    Other
    $19,351
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,144
    Bonus
    $0
    Other
    $0
    Deferred
    $15,487
    Nontaxable benefits
    $3,864
    Filer's total
    $199,495

  • EDWARD KANE JR

    TRANSFORMATION LEAD

    Total calculated
    $194,306
    From this org
    $175,712
    From related orgs
    $0
    Other
    $18,594
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,712
    Bonus
    $0
    Other
    $0
    Deferred
    $15,544
    Nontaxable benefits
    $3,050
    Filer's total
    $194,306

  • SARAH DOVERE

    VP, EXTERNAL AFFAIRS

    Total calculated
    $193,141
    From this org
    $171,412
    From related orgs
    $0
    Other
    $21,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,412
    Bonus
    $0
    Other
    $0
    Deferred
    $19,314
    Nontaxable benefits
    $2,415
    Filer's total
    $193,141

  • BRYCE JACOBS

    PARTNER, IPG

    Total calculated
    $193,141
    From this org
    $168,827
    From related orgs
    $0
    Other
    $24,314
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,827
    Bonus
    $0
    Other
    $0
    Deferred
    $19,314
    Nontaxable benefits
    $5,000
    Filer's total
    $193,141

  • MARIO MORINO

    FOUNDING CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • TONY MARQUEZ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • CLIFF WHITE

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • JACK DAVIES

    TREASURER AND DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DAVID SYLVESTER

    SECRETARY AND DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • ANTOINETTE TONI BUSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • CHARLENE DUKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JOSH EDELMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • WENDY GOLDBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • MARIA GOMEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • CLINT GRIMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JOE DEL GUERCIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JERMAINE JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • BILL KEATING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • LELAND KRUVANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • B DOYLE MITCHELL JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • PATRICK RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • STU SOLOMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • RACHEL WELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • MARCELA ZAMORA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • E IVAN ZAPIEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
16 January 2025
IRS schema version
2023v6.0
Source object
202530179349301558

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