The Talented Youth
- Assets
- $337.2k
- Revenue
- $203.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Seattle, WA
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 20-8536377
Organization Overview
The Talented Youth is located in Seattle, WA. The organization was established in 2008. 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 12/2021, Talented Youth employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Talented 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 12/2021, Talented Youth generated $203.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $274.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF ARTS AND CULTURE OF YOUNG ARTISTS, INCLUDING ANNUAL FILM FESTIVAL, NFFTY NATIONAL FILM FESTIVAL FOR TALENTED YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN OCTOBER AND NOVEMBER 2021 WE LAUNCHED TWO MAJOR NEW PROGRAMS FOR NFFTY. THE FIRST WAS A PITCH COMPETITION, WHICH AWARDED GRANTS TO FILMMAKERS AFTER A COMPETITIVE PITCHING PROCESS. FROM OVER 60 ENTRANTS, FOUR FINALISTS (ALL WOMEN OF COLOR) WERE AWARDED CASH GRANTS FROM A TOTAL POOL OF $15,000. THE OTHER WAS THE NATIONAL YOUTH FILMMAKER SUMMIT, WHICH INCLUDED 10 SCREENINGS AND 16 EVENTS ACROSS A FIVE-WEEK PERIOD, SERVING OVER 600 LIVE, WITH HUNDREDS MORE WATCHING RECORDED SESSIONS ON OUR YOUTUBE CHANNEL. THE FOCUS OF THE SUMMIT WAS TO CENTER YOUNG CREATIVES AS THE EXPERTS, AND DOZENS OF NFFTY ALUMNI PRESENTED WORKSHOPS AND PANELS DESIGNED TO PROVIDE PRACTICAL AND ACTIONABLE ADVICE FOR EMERGING FILMMAKERS.
FINALLY, WE PRESENTED THE 3RD FILM CAREER DAY ON SATURDAY NOVEMBER 6TH, IN COLLABORATION WITH THE CITY OF SEATTLE OFFICE OF ECONOMIC DEVELOPMENT AND OFFICE OF ARTS & CULTURE. IN OUR MOST ACCESSIBLE EDITION YET, WE OFFERED A HYBRID EVENT WITH A VIRTUAL OPTION AND TWO IN-PERSON LOCATIONS CLOSE TO PUBLIC TRANSIT. 84 YOUTH PARTICIPATED, INTERACTING WITH 62 INDUSTRY PROFESSIONALS ATTENDING.
FROM JANUARY THROUGH DECEMBER, WE PUBLICLY PRODUCED A NUMBER OF VIRTUAL AND ONLINE PROGRAMS. THIS INCLUDED LAUNCHING TWO NEW VIDEO SERIES ON OUR YOUTUBE CHANNEL: NFFTY HOW (BEHIND THE SCENES TIPS FROM THE FILMMAKERS FEATURED IN OUR ONGOING FILM OF THE WEEK SERIES), AND NFFTY CONNECT (FILMMAKER-ON-FILMMAKER CONVERSATIONS ABOUT CRAFT AND THEMES EXPLORED IN EACH OTHER?S WORK). WITH THE COMBINED REACH OF OUR SOCIAL MEDIA CHANNELS AND E-NEWSLETTER, WE ESTIMATE 30,000 SERVED THROUGH OUR VIDEO AND PODCAST SERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Hudson Executive Dir. | Officer | 40 | $58,125 |
Susan Buster Thomas Vice President | OfficerTrustee | 5 | $0 |
Alexander Johnston Secretary | OfficerTrustee | 5 | $0 |
Robert Bojorquez Treasurer | OfficerTrustee | 5 | $0 |
Ben Kadie President | OfficerTrustee | 5 | $0 |
Peter Barnes Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,792 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,743 |
| Total Program Service Revenue | $66,761 |
| Investment income | $923 |
| 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 | $203,902 |
| 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. | $58,126 |
| Compensation of current officers, directors, key employees. | $17,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,876 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,242 |
| Payroll taxes | $17,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,958 |
| Advertising and promotion | $9,989 |
| Office expenses | $5,255 |
| Information technology | $7,517 |
| Royalties | $0 |
| Occupancy | $8,968 |
| Travel | $3,527 |
| 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 | $5,674 |
| All other expenses | $0 |
| Total functional expenses | $273,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,596 |
| Savings and temporary cash investments | $50,117 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,485 |
| 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 | $337,198 |
| Accounts payable and accrued expenses | $8,595 |
| 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 | $326,600 |
| Other liabilities | $0 |
| Total liabilities | $335,195 |
| Net assets without donor restrictions | $2,003 |
| 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 | $337,198 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Talented Youth has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
James D Scheinfeld Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youthcare Seattle, WA | $27,326,626 | $19,496,133 |
Community Youth Services Olympia, WA | $10,345,989 | $14,281,765 |
Janus Youth Programs Inc Portland, OR | $8,331,931 | $14,934,376 |
Looking Glass Community Services Eugene, OR | $12,244,793 | $15,672,090 |
Enterprise For Progress In The Community Yakima, WA | $3,604,189 | $12,673,117 |
Covenant House Alaska Anchorage, AK | $23,544,078 | $11,947,734 |
Ryther Seattle, WA | $21,851,804 | $11,079,938 |
Boys & Girls Aid Society Of Oregon Portland, OR | $11,888,390 | $9,534,792 |
Imagine Institute Tukwila, WA | $3,962,432 | $6,912,987 |
Childrens Home Society And Trust Foundation Seattle, WA | $22,292,785 | $5,268,781 |
Liberty House Salem, OR | $5,276,836 | $5,097,318 |
Northwest Youth Service Bellingham, WA | $3,777,382 | $4,718,632 |