Young Scholars For Academic Empowerment
- Assets
- $27.1m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 38
- Location
- Riverside, CA
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 26-2350778
Organization Overview
Young Scholars For Academic Empowerment is located in Riverside, CA. The organization was established in 2009. 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 12/2023, Young Scholars For Academic Empowerment employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Scholars For Academic Empowerment 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 12/2023, Young Scholars For Academic Empowerment generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.3% each year . All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 40.6% per year over the past 6 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
TRUEVOLUTION FIGHTS FOR HEALTH EQUITY AND RACIAL JUSTICE TO ADVANCE THE QUALITY OF LIFE AND HUMAN DIGNITY OF LGBTQ+ PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUEVOLUTION OFFERS EMERGENCY SUPPORTIVE HOUSING FOR CLIENTS DISPLACED WITHIN THE RIVERSIDE COUNTY JURISDICTION, BOTH THROUGH MOTEL PLACEMENT, AND STARTING IN 2023, AT TRUEVOLUTIONS HOUSING CAMPUS, PROJECT LEGACY, WHICH INCLUDES ACCESS TO WRAP AROUND SERVICES PROVIDED BY TRUEVOLUTION. AT THE PROJECT LEGACY CAMPUS, IDENTIFIED AT RISK COLLEGE STUDENTS ARE ALSO ABLE TO BE HOUSED THROUGH A PARTNERSHIP WITH LOCAL COLLEGES. AT THE MOMENT, TRUEVOLUTIONS CONTRACTED MOTEL VENDOR IS LOCATED IN THE CITY OF RIVERSIDE. DURING THE TAX YEAR 20 INDIVIDUALS WERE SERVED.
OTHER PROGRAMS: TRUEVOLUTION LEVERAGES THEIR RELATIONSHIPS GROWN FROM THE HOUSING AND HEALTHCARE SERVICES PROGRAMS TO PROVIDE SUPPORT AND ADVOCACY THROUGH A VARIETY OF COMMUNITY HEALTH PROGRAMS SUCH AS VACCINE EQUITY, COVID 19 PROGRAMS, AND SPONSORSHIP AND ADVOCACY WITHIN THE LGTBQ+ COMMUNITY. DURING THE TAX YEAR OVER 8,000 PEOPLE WERE REACHED BY THE OUTREACH PROGRAM.
HEALTHCARE SERVICES: PRE-EXPOSURE PROPHYLAXIS, OR PREP, IS AN HIV PREVENTION METHOD IN WHICH YOUNG SCHOLARS FOR ACADEMIC EMPOWERMENT LGBTQ+ PEOPLE. HEALTHCARE SERVICES PEOPLE WHO DON'T HAVE HIV TAKE AN ANTIVIRAL MEDICATION DAILY TO REDUCE THEIR RISK OF CONTRACTING HIV IF THEY ARE EXPOSED TO THE VIRUS. TRUEVOLUTION'S RAPID-START PREP SERVICE PROVIDES A SAFE ENVIRONMENT AND CONVENIENT APPROACH TO INFORM READINESS FOR PREP, RECEIVE CONSULTATION HOUSING FROM A LICENSED MEDICAL PROVIDER, SAME DAY FULFILLMENT OF SCRIPT, AND GET CONNECTED TO MENTAL HEALTH AND OTHER SOCIAL SERVICES TO FEASIBLY ACCESS AND MAINTAIN PREP ADHERENCE. SEE SCHEDULE O FOR FURTHER DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriel Maldonado CEO | OfficerTrustee | 40 | $242,624 |
Tracy Schimelfenig Chief Legal & Comp | 40 | $195,886 | |
Marguerite Wheeler-Lara COO | 40 | $169,564 | |
Brandon Brown Chair | OfficerTrustee | 1 | $0 |
Luanna Jauregui Vice Chair | OfficerTrustee | 1 | $0 |
Dr Iqbal Pittalwala PHD Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mommas House Supportive Services | 12/30/23 | $253,773 |
Golden Bear Construction General Contractor | 12/30/23 | $7,653,166 |
Pery Consulting Group Finance & Accounting Serv | 12/30/23 | $175,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $267,998 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,764,578 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,032,576 |
| Total Program Service Revenue | $838,186 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,879,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $306,811 |
| 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. | $245,075 |
| Compensation of current officers, directors, key employees. | $24,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,832,833 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $109,247 |
| Payroll taxes | $152,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,222 |
| Fees for services: Accounting | $249,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,443 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,583 |
| Travel | $146,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $45,356 |
| All other expenses | $393,650 |
| Total functional expenses | $4,741,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $708,359 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,704,657 |
| 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 | $46,098 |
| Net Land, buildings, and equipment | $22,468,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $145,076 |
| Total assets | $27,072,973 |
| Accounts payable and accrued expenses | $833,398 |
| Grants payable | $0 |
| Deferred revenue | $1,500,000 |
| 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 | $3,900,000 |
| Other liabilities | $1,095,817 |
| Total liabilities | $7,329,215 |
| Net assets without donor restrictions | $14,803,408 |
| Net assets with donor restrictions | $4,940,350 |
| 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 | $27,072,973 |
Grants Awarded
Over the last fiscal year, Young Scholars For Academic Empowerment has awarded $306,811 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSE OF COMME DES GARCON PURPOSE: Fiscal Sponsorship | $70,911 |
LA BLACK PRIDE PURPOSE: Event Sponsorship | $35,000 |
MOBILIZING OUR BROTHERS INITI PURPOSE: Sponsorship of National Expansion | $100,000 |
MOMMAS HOUSE PURPOSE: Fiscal Sponsorship | $75,000 |
RIVERSIDE LGBTQ PRIDE PURPOSE: Event Sponsorship | $7,500 |
SAHAR PRODUCTIONS INC PURPOSE: Sponsorship of Sir Lady Java Biopic | $18,400 |