Totals
- Total revenue
- $82,688,694
- Total expenses
- $5,597,542
- Contributions and grants received
- $138,215
- Grants paid
- $3,975,000
- Program service revenue
- $1,391,106
- Investment income
- $80,153,485
- Other revenue
- $1,005,888
- Total assets, end of year
- $129,265,715
- Total liabilities, end of year
- $6,847,730
- Net assets or fund balances, end of year
- $122,417,985
- Program services expenses (Part IX)
- $5,177,496
- Management and general expenses
- $420,046
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,177,496
Program services were 92.5% 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
$138,215
-
2a · Program service revenue: RENTAL INCOME
total $1,391,106 · related or exempt $1,391,106
-
3 · Investment income
total $1,832,734 · excluded $1,832,734
-
7a · Gross sales of assets other than inventory
other assets $81,277,200
-
7b · Less cost or other basis and sales expenses
other assets $2,956,449
-
7c · Gain or loss
other assets $78,320,751
-
7d · Net gain or loss
total $78,320,751 · excluded $78,320,751
-
11a · Other revenue: OTHER
total $1,005,888 · related or exempt $1,005,888
-
11e · Other revenue, total
$1,005,888
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,975,000 · program services $3,975,000
-
11g · Fees: other
total $50,802 · program services $2,402 · management and general $48,400
-
20 · Interest
total $184,883 · management and general $184,883
-
22 · Depreciation, depletion and amortization
total $1,199,694 · program services $1,199,694
-
23 · Insurance
total $12,252 · management and general $12,252
-
24a · Other expenses: REAL ESTATE TAXES
total $163,014 · management and general $163,014
-
24b · Other expenses: OTHER EXPENSES
total $11,897 · program services $400 · management and general $11,497
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,094,658 · end of year $119,247
-
2 · Savings and temporary cash investments
end of year $2,530,331
-
3 · Pledges and grants receivable
beginning of year $868,230 · end of year $631,950
-
4 · Accounts receivable
beginning of year $228,990 · end of year $251,355
-
10a · Land, buildings and equipment: cost or other basis
$49,903,334
-
10b · Land, buildings and equipment: accumulated depreciation
$5,617,699
-
10c · Land, buildings and equipment, net
beginning of year $46,450,740 · end of year $44,285,635
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $81,282,762
-
15 · Other assets
beginning of year $602,818 · end of year $164,435
-
17 · Accounts payable and accrued expenses
beginning of year $28,176 · end of year $65,196
-
18 · Grants payable
beginning of year $1,500,000 · end of year $1,500,000
-
23 · Secured mortgages and notes payable
beginning of year $5,425,191 · end of year $5,282,534
-
27 · Net assets without donor restrictions
beginning of year $39,062,982 · end of year $121,186,034
-
28 · Net assets with donor restrictions
beginning of year $3,229,087 · end of year $1,231,951
Mission and programs · 2023
Mission
YOUTH FOR TOMORROW FOUNDATION WAS ESTABLISHED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES BY PROVIDING GUIDANCE, SERVICES, AND SUPPORT EXCLUSIVELY DEDICATED TO THE CHARITABLE MISSION OF YFT-THE AIDING AND OFFERING CHILDREN IN CRISIS WITH A QUALITY EDUCATION, RE-DIRECTION OF THEIR PERSONAL BEHAVIOR, STRENGTHENING THEIR MENTAL AND PHYSICAL FITNESS, ENHANCING THEIR SPIRITUAL COMMITMENT, AND REUNITING CHILDREN WITH THEIR FAMILIES.
-
SUPPORT YFT BY PROVIDING GUIDANCE, SERVICES, AND SUPPORT EXCLUSIVELY DEDICATED TO THE CHARITABLE MISSION OF YFT.
Expenses $5,177,496 · Grants $3,975,000 · Revenue $2,396,994
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Carl Berquist Until Jan 2024CARL BERQUIST UNTIL JAN 2024
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Victor SellierVICTOR SELLIER
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Cecilia Hodges Until Jan 2024CECILIA HODGES UNTIL JAN 2024
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Taylor ChessTAYLOR CHESS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Benton BurroughsBENTON BURROUGHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James BrennanJAMES BRENNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve CumbieSTEVE CUMBIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill ColbertBILL COLBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Gary L Jones See Sch JDR GARY L JONES SEE SCH J
DIRECTOR
- Total calculated
- $1,126,514
- From this org
- $0
- From related orgs
- $926,808
- Other
- $199,706
- Hours/week
- 5
Schedule J breakdown matched by us
- Base
- $0 + $551,364 related
- Bonus
- $0 + $280,658 related
- Other
- $0 + $94,786 related
- Deferred
- $0 + $198,000 related
- Nontaxable benefits
- $0 + $1,706 related
- Filer's total
- $0 + $1,126,514 related
-
Andrew McKennaANDREW MCKENNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cecil PruittCECIL PRUITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gary GarczynskiGARY GARCZYNSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mitch Sproul Effective Jan 2024MITCH SPROUL EFFECTIVE JAN 2024
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Joe GibbsJOE GIBBS
DIRECTOR-LIFETIME APPOINTM
- Total calculated
- $0
- Hours/week
- 1
-
Melissa GibbsMELISSA GIBBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave AlpernDAVE ALPERN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vern McHargue Effective Jan 2024VERN MCHARGUE EFFECTIVE JAN 2024
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE RELATED ORGANIZATION RELIES ON THE COMPENSATION COMMITTEE, APPROVED BY THE BOARD, TO ESTABLISH THE CEO'S COMPENSATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
YOUTH FOR TOMORROW- NEW LIFE CENTER INC
$3,975,000
ASSIST YFT NEW LIFE CETER WITH SUPPORT, GUIDANCE AND SERVICES IN THE CHARITABLE MISSION OF YFT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
YOUTH FOR TOMORROW - NEW LIFE CENTER INC
501(C)(3) · CHARITABLE, EDUCATIONAL AND RELIGIOUS PUPROSES · VA
Directly controlled by NONE
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
YFT LOT 1 LLC
HOLD REAL ESTATE FOR RENTAL TO 501 (C)(3) · VA · income $119,068 · assets $3,970,154
Directly controlled by YOUTH FOR TOMORROW FOUNDATION
-
YFT LOT 2 LLC
HOLD REAL ESTATE FOR RENTAL TO 501 (C)(3) · VA · income $11,832 · assets $680,956
Directly controlled by YOUTH FOR TOMORROW FOUNDATION
-
YFT LOT 3 LLC
HOLD REAL ESTATE FOR RENTAL TO 501 (C)(3) · VA · income $120,281 · assets $3,334,594
Directly controlled by YOUTH FOR TOMORROW FOUNDATION
-
YFT LOT 4 LLC
HOLD REAL ESTATE FOR RENTAL TO 501 (C)(3) · VA · income $617,776 · assets $8,271,948
Directly controlled by YOUTH FOR TOMORROW FOUNDATION
-
YFT LOT 5 LLC
HOLD REAL ESTATE FOR RENTAL TO 501 (C)(3) · VA · income $369,313 · assets $10,311,871
Directly controlled by YOUTH FOR TOMORROW FOUNDATION
-
YFT LOT 6 LLC
HOLD REAL ESTATE FOR RENTAL TO 501 (C)(3) · VA · income $101,413 · assets $3,710,040
Directly controlled by YOUTH FOR TOMORROW FOUNDATION
-
YFT LOT 7 LLC
HOLD REAL ESTATE FOR RENTAL TO 501 (C)(3) · VA · income $79,277,437 · assets $0
Directly controlled by YOUTH FOR TOMORROW FOUNDATION
-
YFT LOT 8 LLC
HOLD REAL ESTATE FOR RENTAL TO 501 (C)(3) · VA · income $126,767 · assets $3,719,236
Directly controlled by YOUTH FOR TOMORROW FOUNDATION
-
YFT LOT 9 LLC
HOLD REAL ESTATE FOR RENTAL TO 501 (C)(3) · VT · income $3,852 · assets $178,191
Directly controlled by YOUTH FOR TOMORROW FOUNDATION
-
YFT PARCEL 1 LLC
HOLD REAL ESTATE FOR RENTAL TO 501 (C)(3) · VA · income $0 · assets $10,360,000
Directly controlled by YOUTH FOR TOMORROW FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541149349301709
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