Young Peoples Leadership Foundation Inc
- Assets
- $974.4k
- Revenue
- $13.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1976
- Data as of
- 08/2023
- EIN
- 13-2828583
Organization Overview
Young Peoples Leadership Foundation Inc, operating under the name Co Hartley T Bernstein Esq, is located in New York, NY. The organization was established in 1976. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Co Hartley T Bernstein Esq 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 08/2023, Co Hartley T Bernstein Esq generated $13.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $95.4k during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP PEOPLE WITH ABOVE AVERAGE ABILITIES BUT WITHOUT ANY FINANCIAL MEANS TO ATTEND SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YOUNG PEOPLE'S LEADERSHIP FOUNDATION, INC. AWARDS SCHOLARSHIPS, GRANTS, AND STIPENDS TO INDIVIDUALS THAT DEMONSTRATE STRONG ABILITIES BUT LACK FINANCIAL MEANS TO ATTEND SCHOOL OR PARTICIPATE IN EDUCATIONALLY-ENRICHING EXTRACURRICULAR PROGRAMS. THE FOUNDATION ALSO AWARDS GRANTS DIRECTLY TO SCHOOLS, COMMUNITY-ORIENTED 501(C)(3) ORGANIZATIONS AND OTHER ENTITIES THAT PROVIDE EDUCATION-RELATED PROGRAMS OR SERVICES THAT INDIVIDUALS CAN PARTICIPATE IN AS A VEHICLE FOR FUTURE SUCCESS. IT IS THE PRIMARY VISION OF THE FOUNDATION THAT ANY FUNDS AWARDED, WHETHER TO AN INDIVIDUAL OR TO AN ORGANIZATION, BENEFITS THOSE FROM UNDERREPRESENTED, UNDERPRIVILEGED, OR UNDERSERVED BACKGROUNDS TO HELP THE YOUNG LEADERS OF TOMORROW GAIN THE EDUCATION AND SKILLS NEEDED TO ACHIEVE THEIR GOALS. (SEE SCHEDULE O)WE ALSO ARE IN THE PROCESS OF PARTNERING WITH LOCAL ORGANIZATIONS THAT PROVIDE INTERNSHIP OPPORTUNITIES, SCHOLARSHIPS, AND COLLEGE PREP. ONE OF THE FOUNDATION'S LARGEST ACCOMPLISHMENTS WAS FUNDING THE CONSTRUCTION OF A LOCAL LIBRARY IN UPSTATE NEW YORK'S FINGER LAKES REGION. THAT LIBRARY HAS BEEN GREATLY BENEFICIAL TO THE LOCAL COMMUNITY AND THEY HAVE DEVELOPED MANY PROGRAMS FOCUSED ON YOUNG PEOPLE AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Schner President | OfficerTrustee | 5 | $0 |
Liliane Kelly Vice Pres. & Secretary | OfficerTrustee | 5 | $0 |
Steven Jones Vice President & Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $16,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,389 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,625 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,501 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,223 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,824 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $23,901 |
| All other expenses | $0 |
| Total functional expenses | $95,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $974,378 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $974,378 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $974,378 |
| Net assets with donor restrictions | $0 |
| 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 | $974,378 |
Grants Awarded
Over the last fiscal year, Young Peoples Leadership Foundation Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
STUDENT LEADERSHIP NETWORK PURPOSE: EDUCATIONAL GRANT | $10,000 |
DREAMYARD PROJECT INC PURPOSE: EDUCATIONAL GRANT | $10,000 |
FUTURE AND OPTIONS PURPOSE: EDUCATIONAL GRANT | $10,000 |