Apex For Youth Inc
- Assets
- $7.5m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 164
- Location
- New York, NY
- Founding
- 06/1992
- Data as of
- 07/2023
- EIN
- 13-3650718
Organization Overview
Apex For Youth Inc is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 07/2023, Apex For Youth Inc employed 164 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apex 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 07/2023, Apex For Youth Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $5.4m during the year ending 07/2023. While expenses have increased by 19.0% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
APEX FOR YOUTH DELIVERS POSSIBILITIES TO UNDERSERVED ASIAN AND IMMIGRANT YOUTH FROM LOW-INCOME FAMILIES IN NYC. APEX RECRUITS WORKING PROFESSIONALS TO VOLUNTEER AND BECOME POSITIVE ROLE MODELS WHO INSPIRE YOUTH TO EXPAND THEIR HORIZONS AND ENVISION WHAT IS POSSIBLE FOR THEIR LIVES. THROUGH MENTORING AND EDUCATIONAL PROGRAMS THAT SERVE STUDENTS FROM PRE-K TO 12TH GRADE AND BEYOND, APEX VOLUNTEERS GUIDE AND SUPPORT YOUTH TO BECOME CONFIDENT, BE READY FOR COLLEGE AND GIVE BACK TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3
PROGRAMMING FOR ASIAN AND IMMIGRANT YOUTH FROM LOW-INCOME FAMILIES FOCUSED ON HEALTH AND WELL-BEING, EDUCATION, AND COMMUNITY ENGAGEMENT, WITH VOLUNTEERS WHO SUPPORT AND MENTOR YOUTH OF ALL AGES.
APEX FOR YOUTH EMPOWERS ASIAN AMERICAN YOUTH FROM LOW-INCOME AND IMMIGRANT FAMILIES IN NEW YORK CITY AND BEYOND TO HELP THEM UNLOCK THEIR POTENTIAL AND A WORLD OF POSSIBILITY IN ACTIVE PURSUIT OF A MORE EQUITABLE FUTURE. IN 2023, THE ORGANIZATION SERVED OVER 2,000 STUDENTS THROUGH PROGRAMS SPANNING ATHLETICS, COLLEGE & CAREER SUCCESS, ELEMENTARY ENRICHMENT, MENTAL HEALTH, AND MENTORING WITH THE SUPPORT OF OVER 700 VOLUNTEERS AND OVER 40 CULTURALLY COMPETENT AND CARING STAFF MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jiyoon Chung President | 40 | $0 | |
Preeti Sriratana Chair | 5 | $0 | |
Eric Tlee Secretary | 5 | $0 | |
Kathy Wong Secretary | 5 | $0 | |
Blaise Chow Treasurer | 5 | $0 | |
Christopher Chao Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,829,115 |
| Related organizations | $0 |
| Government grants | $453,516 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,651,886 |
| Noncash contributions included in lines 1a–1f | $20,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,934,517 |
| Total Program Service Revenue | $155,235 |
| Investment income | $697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$583 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,229,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $52,713 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $197,768 |
| Compensation of current officers, directors, key employees. | $49,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,999,746 |
| Pension plan accruals and contributions | $18,867 |
| Other employee benefits | $290,764 |
| Payroll taxes | $295,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,177 |
| Fees for services: Accounting | $100,909 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,761 |
| Advertising and promotion | $190,444 |
| Office expenses | $288,293 |
| Information technology | $37,275 |
| Royalties | $0 |
| Occupancy | $468,987 |
| Travel | $4,008 |
| 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 | $24,000 |
| Insurance | $31,877 |
| All other expenses | $5,000 |
| Total functional expenses | $5,424,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,405,899 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,119,322 |
| 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 | $91,766 |
| Net Land, buildings, and equipment | $111,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,774,402 |
| Total assets | $7,502,736 |
| Accounts payable and accrued expenses | $288,103 |
| Grants payable | $0 |
| Deferred revenue | $91,759 |
| 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 | $1,806,575 |
| Total liabilities | $2,186,437 |
| Net assets without donor restrictions | $4,536,420 |
| Net assets with donor restrictions | $779,879 |
| 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 | $7,502,736 |