Form 990 for tax year 2023
Filed by YOUTHBUILD PREPARATORY ACADEMY.
Totals
- Total revenue
- $3,074,024
- Total expenses
- $2,990,393
- Contributions and grants received
- $3,074,024
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,630,558
- Total liabilities, end of year
- $1,687,292
- Net assets or fund balances, end of year
- -$56,734
- Program services expenses (Part IX)
- $2,665,331
- Management and general expenses
- $325,062
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,665,331
Program services were 89.1% 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)
$2,833,487
-
1f · All other contributions, gifts and grants
$240,537
-
2f · All other program service revenue
total $0 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $467,946 · program services $383,657 · management and general $84,289 · fundraising $0
-
7 · Other salaries and wages
total $880,014 · program services $767,096 · management and general $112,918 · fundraising $0
-
9 · Other employee benefits
total $99,504 · program services $89,644 · management and general $9,860 · fundraising $0
-
10 · Payroll taxes
total $114,462 · program services $106,178 · management and general $8,284 · fundraising $0
-
11b · Fees: legal
total $35,534 · program services $35,534 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $5,145 · program services $5,145 · management and general $0 · fundraising $0
-
11g · Fees: other
total $560,762 · program services $475,487 · management and general $85,275 · fundraising $0
-
12 · Advertising and promotion
total $13,156 · program services $13,156 · management and general $0 · fundraising $0
-
16 · Occupancy
total $732,648 · program services $708,212 · management and general $24,436 · fundraising $0
-
17 · Travel
total $75,857 · program services $75,857 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $5,365 · program services $5,365 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $22,776 · end of year $256,744
-
4 · Accounts receivable
beginning of year $299,105 · end of year $1,946
-
10a · Land, buildings and equipment: cost or other basis
$53,652
-
10b · Land, buildings and equipment: accumulated depreciation
$10,730
-
10c · Land, buildings and equipment, net
beginning of year $48,287 · end of year $42,922
-
15 · Other assets
beginning of year $1,328,946 · end of year $1,328,946
-
17 · Accounts payable and accrued expenses
beginning of year $413,924 · end of year $259,160
-
25 · Other liabilities
beginning of year $1,408,695 · end of year $1,428,132
-
27 · Net assets without donor restrictions
beginning of year -$123,505 · end of year -$56,734
Mission and programs · 2023
Mission
TO UNLEASH THE INTELLIGENCE AND POSITIVE ENERGY OF LOW INCOME PROVIDENCE YOUTH TO REBUILD THEIR COMMUNITY
-
WORKFORCE DEVELOPMENT FOR OUT-OF-SCHOOL YOUTH THAT PROVIDE ACADEMIC, JOB READINESS, AND OCCUPATIONAL SKILLS NEEDED TO MAKE A SUCCESSFUL TRANSITION INTO THE CONSTRUCTION AND OTHER HIGH-GROWTH, HIGH-DEMAND OCCUPATIONAL SECTORS
Expenses $428,113 · Revenue $240,537
-
YOUTHBUILD PREPARATORY SCHOOL ACTIVITIES
Expenses $2,237,218 · Revenue $2,833,487
As filed on the 2023 return.
Listed in Part VII
-
ROBERT BAILEY V
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
PATRICK MCGUIGAN
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
MATTHEW PELLETIER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
GLORIA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARY HARRISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MONICA ZENO-MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TINA SHEPARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SHARON MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JUAN M PICHARDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
VICTORIA A GAILLIARD-GARRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRAXTON H MEDLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANTHONY HUBBARD
EXECUTIVE DIRECTOR
- Total calculated
- $116,393
- From this org
- $116,393
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
ROBERT NYAHKOON
PROGRAM DIRECTOR
- Total calculated
- $71,434
- From this org
- $71,434
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
MICHAEL DERAGON
CHIEF ACADEMIC OFFICER
- Total calculated
- $72,369
- From this org
- $72,369
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
- 2023
- Filed
- 27 August 2024
- IRS schema version
- 2023v6.0
- Source object
- 202531359349314563
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