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Nonprofiteer
← YOUTH ENTREPRENEURS INC

Form 990 for tax year 2022

Filed by YOUTH ENTREPRENEURS INC.

Totals

Total revenue
$5,081,118
Total expenses
$7,739,704
Contributions and grants received
$5,012,556
Grants paid
$14,000
Program service revenue
$3,763
Investment income
$0
Other revenue
$64,799
Total assets, end of year
$5,643,568
Total liabilities, end of year
$1,221,785
Net assets or fund balances, end of year
$4,421,783
Program services expenses (Part IX)
$5,787,111
Management and general expenses
$724,780
Fundraising expenses
$1,227,813
Program service expenses (Part III)
$5,787,111

Program services were 74.8% 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.

  • 1f · All other contributions, gifts and grants

    $5,012,556

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $3,763 · related or exempt $3,763 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $64,799

  • 6c · Rental income or loss

    real property $64,799 · personal property $0

  • 6d · Net rental income or loss

    total $64,799 · excluded $64,799

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 2 · Grants to domestic individuals

    total $9,000 · program services $9,000

  • 5 · Compensation of officers, directors and key employees

    total $484,306 · program services $363,230 · management and general $43,587 · fundraising $77,489

  • 7 · Other salaries and wages

    total $2,155,397 · program services $1,616,548 · management and general $193,986 · fundraising $344,863

  • 8 · Pension plan contributions

    total $120,626 · program services $90,470 · management and general $10,856 · fundraising $19,300

  • 9 · Other employee benefits

    total $3,829 · program services $2,871 · management and general $345 · fundraising $613

  • 10 · Payroll taxes

    total $223,827 · program services $167,870 · management and general $20,144 · fundraising $35,813

  • 11b · Fees: legal

    total $540 · program services $405 · management and general $49 · fundraising $86

  • 11c · Fees: accounting

    total $34,133 · management and general $34,133

  • 11g · Fees: other

    total $1,009,801 · program services $757,351 · management and general $90,882 · fundraising $161,568

  • 12 · Advertising and promotion

    total $509,931 · program services $382,448 · management and general $45,894 · fundraising $81,589

  • 13 · Office expenses

    total $845,929 · program services $634,447 · management and general $76,134 · fundraising $135,348

  • 16 · Occupancy

    total $51,783 · program services $38,837 · management and general $4,661 · fundraising $8,285

  • 17 · Travel

    total $336,771 · program services $252,578 · management and general $30,310 · fundraising $53,883

  • 19 · Conferences, conventions and meetings

    total $54,163 · program services $40,622 · management and general $4,875 · fundraising $8,666

  • 22 · Depreciation, depletion and amortization

    total $1,871,402 · program services $1,403,552 · management and general $168,426 · fundraising $299,424

  • 24a · Other expenses: MEMBERSHIPS & DUES

    total $5,535 · program services $4,151 · management and general $498 · fundraising $886

  • 24b · Other expenses: BAD DEBT

    total $17,731 · program services $17,731

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,352,348 · end of year $4,632,653

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $12,551 · end of year $0

  • 4 · Accounts receivable

    beginning of year $368,186 · end of year $298,817

  • 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 $318,757 · end of year $258,407

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

    $3,913,682

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

    $3,463,800

  • 10c · Land, buildings and equipment, net

    beginning of year $2,319,080 · end of year $449,882

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $3,809

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,285,464 · end of year $1,217,618

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $5,089 · 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 $0 · end of year $4,167

  • 27 · Net assets without donor restrictions

    beginning of year $6,306,566 · end of year $3,508,072

  • 28 · Net assets with donor restrictions

    beginning of year $773,803 · end of year $913,711

Mission and programs · 2022

Mission

TO (I) EDUCATE YOUNG PEOPLE AND ADULTS WITH RESPECT TO ENTREPRENEURSHIP AND BUSINESS GENERALLY; AND (II) ENCOURAGE THE PRACTICE OF ENTREPRENEURSHIP BY YOUNG PEOPLE AND ADULTS. EMPOWERING TEACHERS WITH A GROWTH MINDSET IN THEIR CLASSROOMS, CAREERS, AND COMMUNITIES. EMPOWERED, AS A COMMUNITY, IS TRANSFORMING EDUCATION FROM WITHIN TO BETTER-SERVE ALL STUDENTS, HELPING MORE YOUNG PEOPLE DISCOVER WHAT THEY'RE GOOD AT AND DEVELOPING THEIR SKILLS AND VALUES, INCLUDING THROUGH FAILURE, IN A LOW-RISK ENVIRONMENT. THE INTENT IS FOR STUDENTS TO BE READY TO DEPLOY THEIR UNIQUE GIFTS AS THEY ENTER SOCIETY - CREATING MORE VENTURES, MORE OPPORTUNITIES, AND MORE VALUE FOR THEM AND CONTRIBUTIONS TO OUR SHARED SOCIETY.

Activities or mission (Part I)

Empowered is a community of teachers rallied around a growth mindset, dedicated to their classrooms, careers, and communities, and committed to providing immersive learning experiences where students can discover, develop, and apply their innate abilities. Empowered offers any change-making teacher - regardless of grade, subject, class, or setting - an encouraging community, a way of teaching and activities that bring learning to life, virtual, on-demand, and in-person professional development, and support from our staff. Our non-profit organization's long term goal is to instill a growth mindset as a vehicle for societal change. To do so, we will emboldened teachers by providing the trust and tools they need for long, fulfilling, careers. They, in turn, will offer their students a better learning experience that arms them with the life skills and perspective they need to create and seize the opportunities in their lives.

  • In April 2022, we launched our educator online platform, Empowered Hub (the Hub). The Hub is an online resource and mobile application that provides educators with access to our curricular resources, professional development opportunities and a like-minded community of educators. Throughout 2022, we continued to enhance the offerings on the Hub and grow the size of our educator community on the Hub. We grew from under 1K Hub educators to approximately 5K Hub educators by the end of the year with a significant portion of our growth being through educator-to-educator referrals. During 2022, 800+ Empowered teachers received in-person training through our RiseUp training events in Texas, Mississippi, South Dakota and Kansas, as well as through 25 teacher-organized and led training events. Educators also attended via the Hub our new virtual training and professional development offerings, Empowered Now and Empowered Energized. RiseUp events are the flagship of our in-person training and professional development program. These three-day programs are designed to assemble educators to share a unique professional development experience. Speakers, panels, sessions and leave-to-learns are designed to be hands-on and foster participation and exploration. In the spring of 2022, we published Issue #2 of Empowered Teacher magazine, distributing approximately 10K copies. Empowered Teacher magazine provides educators with resources for both inside and outside of the classroom and includes insights from trusted experts, information on our innovative instructional strategy, Principles + Markets = Mindsets, or "PMM", activities and other tools. Throughout 2022, we continued to see growth in our overall educator community and as of the end of 2022, our total educator community included over 20K educators, including Hub members, social media followers and magazine subscribers.

    Expenses $5,787,111 · Grants $14,000 · Revenue $3,763

As filed on the 2022 return.

Listed in Part VII

  • Dale Gibbens

    DIRECTOR/VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 9 related

  • Elizabeth Koch

    DIRECTOR/CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    3 + 7 related

  • Amy Pelletier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Meredith Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WW Hanna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Menkes

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Henrich Heuer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kylie Stupka

    PRESIDENT

    Total calculated
    $324,477
    From this org
    $290,486
    From related orgs
    $0
    Other
    $33,991
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,486
    Bonus
    $110,000
    Other
    $0
    Deferred
    $7,027
    Nontaxable benefits
    $26,964
    Filer's total
    $324,477

  • Tracey Andrist

    ASSISTANT TREASURER

    Total calculated
    $233,099
    From this org
    $213,989
    From related orgs
    $0
    Other
    $19,110
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,989
    Bonus
    $35,000
    Other
    $0
    Deferred
    $10,385
    Nontaxable benefits
    $8,725
    Filer's total
    $233,099

  • Deborah Pierce

    CHIEF MARKETING OFFICER

    Total calculated
    $140,984
    From this org
    $114,471
    From related orgs
    $0
    Other
    $26,513
    Hours/week
    40

  • Lindsay Schroeder

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $199,273
    From this org
    $172,310
    From related orgs
    $0
    Other
    $26,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,310
    Bonus
    $40,000
    Other
    $0
    Deferred
    $2,640
    Nontaxable benefits
    $24,323
    Filer's total
    $199,273

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
INCENTIVE COMPENSATION IS BASED ON THE INDIVIDUAL'S CONTRIBUTION TO THE ORGANIZATION. IT IS NOT BASED ON THE FINANCIAL RESULTS OF THE ORGANIZATION NOR ON A FIXED FORMULA. TOTAL COMPENSATION IS REVIEWED TO ENSURE IT IS IN LINE WITH FAIR MARKET VALUES.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349304363

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