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← FAMILY AND YOUTH INITIATIVE INC

Form 990 for tax year 2023

Filed by FAMILY AND YOUTH INITIATIVE INC.

Totals

Total revenue
$307,672
Total expenses
$341,310
Contributions and grants received
$297,087
Grants paid
$0
Program service revenue
$0
Investment income
$214
Other revenue
$10,371
Total assets, end of year
$193,732
Total liabilities, end of year
$943
Net assets or fund balances, end of year
$192,789
Program services expenses (Part IX)
$237,350
Management and general expenses
$17,931
Fundraising expenses
$86,029
Program service expenses (Part III)
$237,350

Program services were 69.5% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $73,467

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $223,620

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $214 · related or exempt $214 · unrelated business $0 · excluded $0

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $16,102

  • 8a · Fundraising events: contributions included on line 1c

    $73,467

  • 8b · Fundraising events: direct expenses

    $5,731

  • 8c · Net income from fundraising events

    total $10,371 · unrelated business $0 · excluded $10,371

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $65,000 · program services $50,050 · management and general $4,550 · fundraising $10,400

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $118,598 · program services $85,431 · management and general $175 · fundraising $32,992

  • 9 · Other employee benefits

    total $14,500 · program services $9,860 · management and general $870 · fundraising $3,770

  • 10 · Payroll taxes

    total $16,018 · program services $10,892 · management and general $961 · fundraising $4,165

  • 11b · Fees: legal

    total $3,698 · program services $0 · management and general $0 · fundraising $3,698

  • 11c · Fees: accounting

    total $15,950 · program services $7,767 · management and general $5,213 · fundraising $2,970

  • 11g · Fees: other

    total $20,943 · program services $18,328 · management and general $140 · fundraising $2,475

  • 12 · Advertising and promotion

    total $812 · program services $0 · management and general $812 · fundraising $0

  • 13 · Office expenses

    total $1,876 · program services $948 · management and general $78 · fundraising $850

  • 14 · Information technology

    total $11,591 · program services $7,107 · management and general $630 · fundraising $3,854

  • 16 · Occupancy

    total $18,338 · program services $11,456 · management and general $2,502 · fundraising $4,380

  • 17 · Travel

    total $147 · program services $147 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 22 · Depreciation, depletion and amortization

    total $760 · program services $651 · management and general $18 · fundraising $91

  • 23 · Insurance

    total $8,952 · program services $6,087 · management and general $537 · fundraising $2,328

  • 24a · Other expenses: Program Expenditures - Fund For Critical Needs

    total $8,797 · program services $8,797 · management and general $0 · fundraising $0

  • 24b · Other expenses: Program Expenditures - Program Events

    total $6,864 · program services $6,864 · management and general $0 · fundraising $0

  • 24c · Other expenses: Program Expenditures - Home Studies

    total $6,325 · program services $6,325 · management and general $0 · fundraising $0

  • 24d · Other expenses: Program Expenditures - Volunteer Training

    total $3,725 · program services $3,725 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $18,416 · program services $2,915 · management and general $1,445 · fundraising $14,056

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $212,985 · end of year $182,427

  • 3 · Pledges and grants receivable

    beginning of year $1,400 · end of year $3,975

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,297 · end of year $7,330

  • 10a · Land, buildings and equipment: cost or other basis

    $19,328

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,328

  • 10c · Land, buildings and equipment, net

    beginning of year $760 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year -$985 · end of year $943

  • 27 · Net assets without donor restrictions

    beginning of year $226,427 · end of year $192,789

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Family and Youth Initiative creates a supportive community and lasting relationships for teens and young adults who are in, or have aged out of, foster care.

Activities or mission (Part I)

To create community and lasting relationships for teens and young adults in foster care.

  • Family and Youth Initiative helps teens in foster care find adoptive families and develop lasting connections with other caring adults. Monthly program events bring together teens and adults to form relationships. We recruit and train volunteer mentors, host families, Committed Community Members, and event drivers; participating adoptive families complete their training and home study with a partner agency. We match teens and adults based on relationships that start at events. Adult volunteers make a specific commitment to length and intensity of time they will spend with teen once matched. Youth who age out of foster care continue to participate with DCFYI and keep their connections for as long as they want. Every participating teen or young adult develops at least one meaningful and lasting relationship with a caring adult.

    Expenses $168,783

  • The Fund for Critical Youth Needs is used to ensure DCFYI youth are able to cover critical needs like housing, transportation, medications, and/or job-related expenses (including clothing and transportation until they receive a first paycheck).

    Expenses $8,797

  • In the Open Table program, we recruit train and match six to eight volunteers with one young adult who has aged out of foster care. Tables build relationship with the young person (or "Friend") and support them in achieving whatever goal/s they set for themselves. Tables meet weekly for a year. Some Friends and volunteers continue in relationship after the formal Table year ends.

    Expenses $59,770

As filed on the 2023 return.

Listed in Part VII

  • Susan Punnett

    Executive Director

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Schylar Baber

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marcela Monti

    Director

    Total calculated
    $0
    Hours/week
    1

  • Caleb Piatt

    Director and Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Michele Reed

    Director and Chair

    Total calculated
    $0
    Hours/week
    1

  • Lindsay Clark

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tanya Wedderburn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin Xu

    Director and Secretary

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Willis

    Director

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
8 April 2024
IRS schema version
2023v5.0
Source object
202401289349302640

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