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Nonprofiteer
← YOUTH LEADERSHIP INCUBATOR INC

Form 990 for tax year 2023

Filed by YOUTH LEADERSHIP INCUBATOR INC.

Totals

Total revenue
$493,949
Total expenses
$620,059
Contributions and grants received
$489,889
Grants paid
$35,000
Program service revenue
$0
Investment income
$4,060
Other revenue
$0
Total assets, end of year
$97,660
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$97,660
Program services expenses (Part IX)
$615,604
Management and general expenses
$4,455
Fundraising expenses
$0
Program service expenses (Part III)
$615,604

Program services were 99.3% 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

    $489,889

  • 3 · Investment income

    total $4,060 · excluded $4,060

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,000 · program services $35,000

  • 14 · Information technology

    total $23,828 · program services $21,248 · management and general $2,580

  • 17 · Travel

    total $17,546 · program services $15,671 · management and general $1,875

  • 23 · Insurance

    total $3,805 · program services $3,805

  • 24a · Other expenses: Program Expenses

    total $539,880 · program services $539,880

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $260,931 · end of year $97,660

  • 27 · Net assets without donor restrictions

    beginning of year $260,931 · end of year $97,660

Mission and programs · 2023

Mission

The organization provides infrastructure, resources, software, and guidance to tens of thousands of young people seeking to create a positive impact, both in their communities and in society at large.

Activities or mission (Part I)

The organization provides software infrastructure resources and guidance to young people seeking to create charitable impact

  • Event and org management program: we provide a legal and financial platform, as well as various support and training services, for charitable events and organizations run by young people. In 2023, we facilitated over 500 charitable impact projects, including events, managed by high school students, college students, and other young individuals. Our long term goal is to provide a simple platform for students to launch charitable projects without facing significant start-up costs or operational barriers.

    Expenses $615,604 · Revenue $489,889

  • Startups platform: we provide educational/advisory support to student- run startups. We provide detailed information on processes involved, and connect student founders to mentors that can support them. We also partner with software companies to provide free or discounted services to student startups. We continued developing this program in 2023 and supported over 20 student founders from various backgrounds. This program incurs zero costs for us so far and brings in zero revenue; our goal is to scale the program while keeping costs minimal so that student founders have an accessible hub of information and support when they launch startups.

As filed on the 2023 return.

Listed in Part VII

  • Sanil Chawla

    Executive 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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413219349300911

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