Iep Youth Services Inc
- Assets
- $683.8k
- Revenue
- $484.8k
- Investments
- $0.0
- Employees
- 20
- Location
- Freehold, NJ
- Founding
- 08/1989
- Data as of
- 06/2023
- EIN
- 22-2439656
Organization Overview
Iep Youth Services Inc is located in Freehold, NJ. The organization was established in 1989. 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 06/2023, Iep Youth Services Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iep Youth Services 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 06/2023, Iep Youth Services Inc generated $484.8k 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 (8.0%) each year. All expenses for the organization totaled $436.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROVIDE PSYCHOLOGICAL EVALUATION SERVICES & RESPITE CARE SERVICES FOR CHILDREN IN FAMILY CRISIS SITUATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT STEPPING STONE (A TRANSITIONAL LIVING PROGRAM) - TO ASSIST YOUNG ADULTS IN OBTAINING EMPLOYMENT, SHELTER AND LEARNING IMPORTANT INDEPENDENT LIVING SKILLS.
IEP YOUTH SERVICES, INC. PROVIDES A CORPORATE FUNCTION OF ADMINISTRATIVE CONTROLS AND OVERSEES THE COORDINATION OF ALL THE ORGANIZATION'S PROGRAMS. IN ADDITION, A WIDE VARIETY OF CLINICAL SERVICES (PSYCHOLOGICAL, SOCIAL WORK AND PARENT-CHILD COUNSELING) ARE PROVIDED ON AN OUTPATIENT BASIS FOR MEMBERS OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Krupnick Psy D President & CEO | OfficerTrustee | 40 | $36,000 |
James V Gorman Trustee | Trustee | 1 | $0 |
Carl Danziger Trustee | Trustee | 1 | $0 |
Kathleen Lockwood Chair | OfficerTrustee | 1 | $0 |
Lewis Wetstein MD Trustee | Trustee | 1 | $0 |
Herbert Williams Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $339,845 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,065 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $345,910 |
| Total Program Service Revenue | $34,496 |
| Investment income | $1,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,585 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,423 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $484,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,978 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $38,769 |
| Compensation of current officers, directors, key employees. | $5,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,696 |
| Pension plan accruals and contributions | $3,569 |
| Other employee benefits | $9,574 |
| Payroll taxes | $17,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,089 |
| Advertising and promotion | $0 |
| Office expenses | $22,165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,603 |
| Travel | $3,608 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $238 |
| Interest | $15,064 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,656 |
| Insurance | $23,817 |
| All other expenses | $0 |
| Total functional expenses | $436,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,572 |
| Savings and temporary cash investments | $136,343 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,956 |
| 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 | $468,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $683,809 |
| Accounts payable and accrued expenses | $27,932 |
| 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 | $320,965 |
| Secured mortgages and notes payable | $56,258 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,661 |
| Total liabilities | $447,816 |
| Net assets without donor restrictions | $223,097 |
| Net assets with donor restrictions | $12,896 |
| 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 | $683,809 |