Form 990 for tax year 2023
Filed by YOUNG LEADERS ACADEMY K-8 CORPORATION.
Totals
- Total revenue
- $1,654,705
- Total expenses
- $1,456,184
- Contributions and grants received
- $952,247
- Grants paid
- $0
- Program service revenue
- $21,867
- Investment income
- $0
- Other revenue
- $680,591
- Total assets, end of year
- $638,466
- Total liabilities, end of year
- $69,500
- Net assets or fund balances, end of year
- $568,966
- Program services expenses (Part IX)
- $812,454
- Management and general expenses
- $643,730
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $812,454
Program services were 55.8% 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
$952,247
-
2a · Program service revenue: Scholarships
total $9,907
-
2b · Program service revenue: Private
total $11,960
-
11a · Other revenue: Tuition
total $680,591
-
11e · Other revenue, total
$680,591
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
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 $472,192 · program services $472,192
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $39,035 · program services $39,035
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $68,257 · program services $68,257
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $3,667 · management and general $3,667
-
13 · Office expenses
total $66,441 · management and general $66,441
-
14 · Information technology
total $4,328 · management and general $4,328
-
15 · Royalties
total $0
-
16 · Occupancy
total $247,560 · management and general $247,560
-
17 · Travel
total $31,231 · program services $31,231
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $9,570 · management and general $9,570
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $9,547 · management and general $9,547
-
23 · Insurance
total $7,974 · management and general $7,974
-
24a · Other expenses: Contract Services,Custodial,Consultant,Other,Property Tax
total $119,203 · program services $62,415 · management and general $56,788
-
24b · Other expenses: Food Cost,Bus Meals, Utilities, Rep Maint,Security
total $203,666 · program services $929 · management and general $202,737
-
24c · Other expenses: Fumigation,Field Trip,Events,Postage,License,janitorial
total $5,727 · program services $2,626 · management and general $3,101
-
24d · Other expenses: Professional,Student transp, tel.Finger print
total $89,690 · program services $62,438 · management and general $27,252
-
24e · All other expenses
total $78,096 · program services $73,331 · management and general $4,765
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $229,820 · end of year $232,435
-
4 · Accounts receivable
end of year $196,334
-
9 · Prepaid expenses and deferred charges
beginning of year $19,659
-
10a · Land, buildings and equipment: cost or other basis
$104,519
-
10b · Land, buildings and equipment: accumulated depreciation
$31,863
-
10c · Land, buildings and equipment, net
beginning of year $82,203 · end of year $72,656
-
15 · Other assets
beginning of year $138,932 · end of year $137,041
-
17 · Accounts payable and accrued expenses
end of year $11,744
-
25 · Other liabilities
beginning of year $55,691 · end of year $57,756
-
27 · Net assets without donor restrictions
beginning of year $414,923 · end of year $568,966
-
31 · Retained earnings, endowment or other funds
beginning of year $414,923 · end of year $613,444
Mission and programs · 2023
Mission
Young Leaders Academy offers students the best of education and entertainment opportunities available in the area. We are glad to take care of every student and university entrant.
Activities or mission (Part I)
THE MISSION OF YLA IS TO PROVIDE A CHILD CENTERED LEARNING ENVIRONMENT, WHERE ALL CHILDREN DEVELOP CREATIVITY, TECHNOLOGICAL, LEADERSHIP SKILL
-
OUR ELEMENTARY PROGRAM BEGNS WITH OUR PRESCHOOL AND KINDERGARTEN PROGRAMS THAT PREPARE STUDENTS FOR FIRST GRADE BEYOND. OUR ENTIRE ELEMENTARY PROGRAMS MAIN GOAL IS TO DEVELOP CONFIDENCE AND SELF DISCI
Expenses $812,454
As filed on the 2023 return.
Listed in Part VII
-
Careline R RomainCARELINE R ROMAIN
Executive Director
- Total calculated
- $61,384
- From this org
- $61,384
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 40 related
-
Jacqueline NguyenJACQUELINE NGUYEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 20 + 20 related
-
Lissandra GomezLISSANDRA GOMEZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 15 + 15 related
-
Rose DesourcesROSE DESOURCES
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 3.75 + 3.75 related
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.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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
- 9 · Followed the rebuttable-presumption procedure
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202533239349301413
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