Ghetto Youths Foundation
- Assets
- $36.2k
- Revenue
- $92.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 08/2007
- Data as of
- 12/2020
- EIN
- 20-8569425
Organization Overview
Ghetto Youths Foundation is located in Miami Beach, FL. The organization was established in 2007. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, 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. Ghetto Youths Foundation 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 12/2020, Ghetto Youths Foundation generated $92.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $115.9k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RELIEF TO THE POOR, THE DISTRESSED AND THE UNDERPRIVILEGED. TO ASSIST POOR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH PROGRAMS: GHETTO YOUTHS FOUNDATION CONDUCTS ONGOING COMMUNITY OUTREACH PROGRAMMING THROUGHOUT THE YEAR, SERVING COMMUNITIES IN NEED WITH SPECIFIC FOCUS ON AID IN AREAS OF HEALTH AND WELLNESS; EDUCATION AND ACADEMIC SUPPORT; COMMUNITY BUILDING AND OPPORTUNITY. THIS YEARS PROGRAMS WERE LIMITED DUE TO THE COVID 19 PANDEMIC WHICH PLACE LIMITATIONS ON TRAVEL, FUNDRAISING AND PHYSICAL PRESENCE. DURING 2020 GHETTO YOUTHS FOUNDATION CONTRIBUTED TO THE NAACP WHO FURTHERS THE ADVANCEMENT OF THOSE UNDERSERVED.
TRENCHTOWN HOMEWORK CENTER: IN 2018, GHETTO YOUTHS FOUNDATION PROVIDED THE SEED FUNDING FOR THE HOMEWORK CENTER IN THE HEART OF TRENCHTOWN, JAMAICA WHERE 100% OF THE POPULATION CURRENTLY LIVES BELOW THE POVERTY LINE. THE CENTER, COMPLETED IN FEBRUARY OF 2020, WILL REQUIRE ONGOING FUNDING FROM GHETTO YOUTHS FOUNDATION, TO OPERATE AND MAINTAIN A FREE COMMUNITY CENTER WITH ACADEMIC TUTORING, MENTORSHIP, TEST PREP, AND COMPUTER ACCESS FOR CHILDREN FROM THE COMMUNITY. IT IS ESTIMATED THE HOMEWORK CENTER WILL SERVE MORE THAN 500 YOUNG PEOPLE EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stella Mclaughlan Board Member | Trustee | 5 | $0 |
Stephen Marley Director | Trustee | 20 | $0 |
Saba Tesfay Director | Trustee | 5 | $0 |
Damian Marley Director | Trustee | 10 | $0 |
Hartnell Henry Board Member | Trustee | 10 | $0 |
Clifford Peart Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,199 |
| Investment income | $0 |
| 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 | $2,047 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $92,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $43,781 |
| Benefits paid to or for members | $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 | $38,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,756 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,975 |
| Office expenses | $13 |
| Information technology | $166 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $115,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,416 |
| Savings and temporary cash investments | $0 |
| 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 | $7,717 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $191 |
| Other assets | $0 |
| Total assets | $36,171 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $36,171 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ghetto Youths Foundation has recieved totaling $248.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $248 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kevin Durant Charity Foundation Miami, FL | $727,254 | $2,987,133 |
Orlando Magic Youth Foundation Inc Orlando, FL | $1,082,991 | $1,403,491 |
The Foundation For The Boys & Girls Clubs Inc Bradenton, FL | $14,306,410 | $643,670 |
Georginas Dream Foundation Inc Cooper City, FL | $1,658,262 | $1,142,949 |
Childrens Fund Foundation Inc Ashland, AL | $842,126 | $1,386,131 |
Mckenzie Noelle Wilson Foundation Ponte Vedra Beach, FL | $1,600,288 | $46,540 |
Atlanta Charity Clays Inc Atlanta, GA | $645,655 | $485,330 |
The Little Lighthouse Foundation Inc Miami, FL | $565,819 | $512,029 |
South Beach Seafood Festival Miami, FL | $397 | $131,758 |
Its 4 The Kids Miami, FL | $383,186 | $334,206 |
Lazydays Employee Foundation Inc Seffner, FL | $626,877 | $169,642 |
100 Plus Heartbeats For Patches Inc Miami, FL | $36,803 | $0 |