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Nonprofiteer
← Youth Invest Partners Inc

Form 990 for tax year 2023

Filed by Youth Invest Partners Inc.

What the amendment changed

Compared with the return it replaced , filed 16 January 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,971,788 changed to $40,644
Total expenses
$4,526,158 changed to $428,227
Contributions and grants received
$1,846,517 changed to $0
Grants paid
$605,411 changed to $94,000
Investment income
$12,370 changed to $40,644
Other revenue
$112,901 changed to $0
Total assets, end of year
$2,224,219 changed to $0
Total liabilities, end of year
$1,856,963 changed to $0
Net assets or fund balances, end of year
$367,256 changed to $0
Program services expenses
$2,843,763 changed to $94,000
Management and general expenses
$1,324,777 changed to $334,227
Fundraising expenses
$357,618 changed to $0
Program service expenses (Part III)
$2,843,763 changed to $94,000

Totals

Total revenue
$40,644
Total expenses
$428,227
Contributions and grants received
$0
Grants paid
$94,000
Program service revenue
$0
Investment income
$40,644
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$94,000
Management and general expenses
$334,227
Fundraising expenses
$0
Program service expenses (Part III)
$94,000

Program services were 22.0% 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

    $0

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $40,644

  • 7c · Gain or loss

    other assets $40,644

  • 7d · Net gain or loss

    total $40,644 · excluded $40,644

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $94,000 · program services $94,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $20,672 · management and general $20,672

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $53,336 · management and general $53,336

  • 11c · Fees: accounting

    total $8,181 · management and general $8,181

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $146,101 · program services $0 · management and general $146,101 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $244 · management and general $244

  • 14 · Information technology

    total $26,277 · management and general $26,277

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $72,869 · management and general $72,869

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $167 · management and general $167

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: LICENSES, PERMITS, FILING FEES

    total $357 · management and general $357

  • 24b · Other expenses: BANK SERVICE CHARGES

    total $105 · management and general $105

  • 24c · Other expenses: MISCELLANEOUS

    total $5,918 · management and general $5,918

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,738 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $309,544 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $6 · end of year $0

  • 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 $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $41,871 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $117,928 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,742,132 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,316 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · 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 $1,824,647 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $222,645 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $144,611 · end of year $0

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • SEE SCHEDULE O

    Expenses $94,000 · Grants $94,000

  • SEE SCHEDULE O

  • SEE SCHEDULE O

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CAROL THOMPSON COLE

    PRESIDENT, CEO AND DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • MARIO MORINO

    FOUNDING CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • TONY MARQUEZ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • CLIFF WHITE

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • JACK DAVIES

    TREASURER AND DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DAVID SYLVESTER

    SECRETARY AND DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • ANTOINETTE TONI BUSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • CHARLENE DUKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JOSH EDELMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • WENDY GOLDBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • MARIA GOMEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • CLINT GRIMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JOE DEL GUERCIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JERMAINE JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • BILL KEATING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • LELAND KRUVANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • B DOYLE MITCHELL JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • PATRICK RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • STU SOLOMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • RACHEL WELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • MARCELA ZAMORA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • E IVAN ZAPIEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • TANYA EDELIN

    VP, FINANCE AND ADMINISTRATION

    Total calculated
    $0
    Hours/week
    40

  • SARAH DOVERE

    VP, EXTERNAL AFFAIRS

    Total calculated
    $0
    Hours/week
    40

  • EDWARD KANE JR

    TRANSFORMATION LEAD

    Total calculated
    $0
    Hours/week
    40

  • BRYCE JACOBS

    PARTNER, IPG

    Total calculated
    $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

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • No recipient named

    -$367,257

    Liquidation · ASSETS · May 31, 2024 · 501(c)(3)

Provenance

Return type
form_990
Tax year
2023
Filed
16 January 2025
IRS schema version
2023v6.0
Source object
202520179349301802

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