Waltham Partnership For Youth Inc
- Assets
- $1.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 60
- Location
- Waltham, MA
- Founding
- 02/1998
- Data as of
- 06/2024
- EIN
- 04-3399437
Organization Overview
Waltham Partnership For Youth Inc is located in Waltham, MA. The organization was established in 1998. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2024, Waltham Partnership For Youth Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waltham Partnership For Youth Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Waltham Partnership For Youth Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $1.3m during the year ending 06/2024. While expenses have increased by 14.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
WALTHAM PARTNERSHIP FOR YOUTH COLLABORATES WITH YOUTH, FAMILIES, AND PARTNER ORGANIZATIONS TO ADDRESS LONG-STANDING SYSTEMIC INEQUITIES WHILE BUILDING A COMMUNITY OF BELONGING AND OPPORTUNITY FOR WALTHAM YOUTH. WE ENVISION A WORLD WHERE YOUNG PEOPLE HAVE THE SKILLS, RESOURCES AND OPPORTUNITIES TO PARTICIPATE FULLY IN THEIR COMMUNITIES AND CREATE THEIR OWN OATHS TO SUCCESS AND WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTI-SECTOR COLLABORATION OF BUSINESS, MUNICIPAL, EDUCATIONAL, AND YOUTH SERVICE LEADERSHIP WORKING TOGETHER TO ENABLE YOUTH TO BECOME PRODUCTIVE CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarence Richardson President | OfficerTrustee | 2 | $0 |
Anne Mikulski Vice President | OfficerTrustee | 2 | $0 |
Doug Waybright Treasurer | OfficerTrustee | 1 | $0 |
Lawrence Bailis Director | Trustee | 1 | $0 |
Ahsan Alam Clerk | OfficerTrustee | 1 | $0 |
Julee Bolg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $526,911 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,389,744 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,916,655 |
| Total Program Service Revenue | $5,089 |
| Investment income | $2,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,924,541 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $866,979 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,978 |
| Payroll taxes | $78,402 |
| Fees for services: Management | $29,381 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,146 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $105 |
| Office expenses | $0 |
| Information technology | $12,675 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,011 |
| Insurance | $57,979 |
| All other expenses | $9,602 |
| Total functional expenses | $1,287,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,979 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $531,628 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,171 |
| Investments—publicly traded securities | $79,186 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,107,964 |
| Accounts payable and accrued expenses | $43,192 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $43,192 |
| Net assets without donor restrictions | $456,597 |
| Net assets with donor restrictions | $608,175 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,107,964 |