Form 990 for tax year 2022

Totals

Total revenue

$294,400

Total expenses

$314,787

Contributions and grants received

$294,400

Grants paid

$0

Program service revenue

$0

Investment income

$0

Other revenue

$0

Total assets, end of year

$84,350

Total liabilities, end of year

$103,049

Net assets or fund balances, end of year

-$18,699

Program services expenses (Part IX)

$247,987

Management and general expenses

$49,780

Fundraising expenses

$17,020

Program service expenses (Part III)

$247,987

Program services were 78.8% 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.

Mission and programs · 2022

• Our teen Artpreneur and Smart Hustle year round internship programs teach entrepreneurship within the creative economy, guiding teens to launch real businesses and acquire hands-on ART and STE(A)M skills, preparing them for innovative futures. Teens build skills related to product design, financial wellness and have opportunity to earn college credit. Youth learn graphic arts, apparel making, commercial production, design and business acumen. They learn technical skills to design and create their own artistic products and businesses. Youth participate in a Pitch Competition earn startup funds for their artistic ideas.

  Expenses $100,629

• YEIs ARTprentice program is a unique work-based learning program in which students are educated about a variety of disciplines in the art industry. Students not only learn about the profession, they actually work cooperatively to produce, professional-quality business products in each area.Our students tap into their creative passions, explore a variety of opportunities in the arts, humanities and media, and connect with the thriving art scene in Washinton D.C.Youth learn how to manage YEI in house social enterprise.YEI program model incorporates a social enterprising model. This program employs youth to manage and design products for YEIs in-house social enterprises and learn workforce skills in artistic career clusters. Students not only learn about the profession, they actually work cooperatively to produce, professional-quality art products in each area. They do everything from production to marketing, and sales, gaining hands-on experience.

  Expenses $92,214

• Smarthustle STE(a)Mprentice Summer program was held with over 80 youth in grades 9-12. YEI introduced youth to entrepreneurship opportunities in the creative economy. Youth learned how to create products such as tshirts, candles, and videography. Youth participated in vending and pitch competition.

  Expenses $50,775

• All other expenses related to the Organizations ultimate goals to:1. Put poverty out of business by creating a local youth-led creative economy.2. Prepare young people to thrive in artistic career pathways.

  Expenses $4,369

As filed on the 2022 return.

Listed in Part VII

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2022

Filed

24 April 2023

IRS schema version

2022v5.0

Source object

202401159349300715

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