Exalt Youth
- Assets
- $11.5m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 46
- Location
- New York, NY
- Founding
- 12/2006
- Data as of
- 06/2023
- EIN
- 20-5540955
Organization Overview
Exalt Youth is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Exalt Youth employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exalt Youth 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 06/2023, Exalt Youth generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $6.0m during the year ending 06/2023. While expenses have increased by 24.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AT EXALT WE EMPOWER YOUTH TO SEE A FUTURE FILLED WITH HOPE, AND WE PROVIDE THE ROAD MAP TO GET THERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXALT YOUTH IS AN ORGANIZATION DESIGNED SPECIFICALLY FOR YOUTH INVOLVED IN THE CRIMINAL JUSTICE SYSTEM. WE SERVE YOUTH AGES 15-19 ANNUALLY, 78% MALE, 21% FEMALE, AND 1% UNKNOWN. PROGRAM PARTICIPANTS COME FROM NEW YORK CITY'S POOREST ZIP CODES, AND ALL FACE A HOST OF BARRIERS SUCH AS MULTI-GENERATIONAL POVERTY, FOSTER CARE INVOLVEMENT, LOW EDUCATIONAL SKILLS, INCARCERATED PARENT(S), RACIAL MARGINALIZATION, AND LIVING IN HOUSEHOLDS WITH LITTLE SUPPORT IN WHICH THEY ARE OFTEN CAREGIVERS FOR SIBLINGS OR SICK RELATIVES.EXALT'S SIGNATURE 21-WEEK CORE PROGRAM IS DESIGNED TO ADDRESS THREE PRIMARY FACTORS CONTRIBUTING TO THE SCHOOL-TO-PRISON PIPELINE: CRIMINAL JUSTICE AVOIDANCE, EDUCATIONAL ATTAINMENT, AND EMPLOYABILITY. THE PROGRAM CONSISTS OF THE FOLLOWING FOUR COMPONENTS: 1) FOUNDATIONAL LIFE SKILLS (CRITICAL THINKING, COMMUNICATION, CREATIVE PROBLEM-SOLVING, AND RESOURCE MANAGEMENT THROUGH PRE- AND POST-INTERNSHIP CLASSES); 2) INDIVIDUALIZED PLANNING AND SUPPORT (GOAL SETTING AND EFFECTIVE EDUCATION/COURT ADVOCACY STRATEGIES TO HELP STUDENTS SUCCESSFULLY NAVIGATE THE EDUCATIONAL AND LEGAL SYSTEMS); 3) PAID INTERNSHIPS (EXPOSURE TO DIVERSE CAREER OPPORTUNITIES THROUGH OUR PARTNERSHIPS WITH OVER 100 BUSINESSES ACROSS NYC); AND 4) ALUMNI NETWORK (PAID GRADUATE PROGRAMMING THAT INCLUDES EXTENDED INTERNSHIPS, INDIVIDUAL EDUCATION/CAREER COUNSELING, AND MONTHLY COLLEGE/CAREER WORKSHOPS).EXPENSES INCLUDE $812,828 IN STIPENDS TO 527 STUDENTS PARTICIPATING IN EXALT YOUTH'S PROGRAMS AND INTERNSHIPS SPONSORED BY THE ORGANIZATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Bermudez Director | Trustee | 1 | $0 |
Bala Subramanian Director (outgoing) | Trustee | 1 | $0 |
Curtis Craven Director (outgoing) | Trustee | 1 | $0 |
Danzey Burnham Director | Trustee | 1 | $0 |
Darnisa Amante Director | Trustee | 1 | $0 |
Ed Carson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $250,745 |
| Related organizations | $0 |
| Government grants | $1,185,924 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,829,806 |
| Noncash contributions included in lines 1a–1f | $132,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,266,475 |
| Total Program Service Revenue | $38,462 |
| Investment income | $31,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,724 |
| Net Income from Fundraising Events | $7,486 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,321,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $54,409 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $579,956 |
| Compensation of current officers, directors, key employees. | $92,793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,095,725 |
| Pension plan accruals and contributions | $24,312 |
| Other employee benefits | $280,351 |
| Payroll taxes | $222,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,931 |
| Fees for services: Other | $863,857 |
| Advertising and promotion | $3,719 |
| Office expenses | $140,849 |
| Information technology | $44,935 |
| Royalties | $0 |
| Occupancy | $364,358 |
| Travel | $108,388 |
| 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 | $60,329 |
| Insurance | $26,149 |
| All other expenses | $27,227 |
| Total functional expenses | $6,030,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $958,914 |
| Savings and temporary cash investments | $1,289,581 |
| Pledges and grants receivable | $5,081,769 |
| Accounts receivable, net | $40,400 |
| 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 | $47,921 |
| Net Land, buildings, and equipment | $374,919 |
| Investments—publicly traded securities | $1,734,537 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,996,858 |
| Total assets | $11,524,899 |
| Accounts payable and accrued expenses | $350,588 |
| 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 | $1,910,364 |
| Total liabilities | $2,260,952 |
| Net assets without donor restrictions | $4,185,584 |
| Net assets with donor restrictions | $5,078,363 |
| 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 | $11,524,899 |