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Nonprofiteer
← YOUNG BLACK & LIT

Form 990 for tax year 2022

Filed by YOUNG BLACK & LIT.

Totals

Total revenue
$151,115
Total expenses
$222,065
Contributions and grants received
$151,115
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$552,572
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$552,572
Program services expenses (Part IX)
$155,943
Management and general expenses
$66,122
Fundraising expenses
$0
Program service expenses (Part III)
$155,943

Program services were 70.2% 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

    $151,115

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $65,488 · management and general $65,488

  • 11b · Fees: legal

    total $634 · management and general $634

  • 11g · Fees: other

    total $108,312 · program services $108,312

  • 22 · Depreciation, depletion and amortization

    total $7,590 · program services $7,590

  • 24a · Other expenses: 5 YEAR CELEBRATION

    total $29,099 · program services $29,099

  • 24b · Other expenses: SHIPPING COSTS

    total $10,942 · program services $10,942

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $189,480 · end of year $243,566

  • 13 · Investments: program-related

    end of year $309,006

  • 27 · Net assets without donor restrictions

    beginning of year $189,480 · end of year $552,572

Mission and programs · 2022

Mission

YOUNG, BLACK & LIT IS A 501(C)(3) NONPROFIT ORGANIZATION COMMITTED TO INCREASING ACCESS TO CHILDRENS BOOKS THAT CENTER, REFLECT, AND AFFIRM BLACK CHILDREN.

  • YOUNG, BLACK & LIT SOURCES AND DISTRIBUTES NEW CHILDRENS BOOKS FEATURING BLACK MAIN CHARACTERS TO YOUTH AT NO COST TO THE YOUTH OR THEIR FAMILIES.

    Expenses $155,943 · Revenue $151,115

As filed on the 2022 return.

Listed in Part VII

  • KRYSTIN MADISON

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    10
  • KENDRA COLE

    OFFICER

    Total calculated
    $0
    Hours/week
    10
  • FAITH LAM

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    10
  • DERRICK RAMSEY

    CO FOUNDER BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    15
  • KRENICE RAMSEY

    CO FOUNDER BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    15
  • MARITTA ROSEMAN

    BOARD OF DIRECTOR

    Total calculated
    $0
    Hours/week
    10

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
1 March 2024
IRS schema version
2022v5.0
Source object
202410729349300201

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