Panama Youth Services Inc
- Assets
- $107.0k
- Revenue
- $306.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Jacksonville, FL
- Founding
- 10/2009
- Data as of
- 06/2022
- EIN
- 26-4744441
Organization Overview
Panama Youth Services Inc is located in Jacksonville, FL. The organization was established in 2009. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Panama Youth Services Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panama 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 06/2022, Panama Youth Services Inc generated $306.6k 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 (11.8%) each year. All expenses for the organization totaled $342.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.8%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PANAMA YOUTH SERVICES, INC. PROVIDES SHELTER, COUNSELING, EARLY DELINQUENT INTERVENTION, PRE-EMPLOYMENT SKILLS TRAINING, EDUCATION ENHANCEMENT, SUBSTANCE ABUSE AND MENTAL HEALTH TREATMENTS,
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SHELTER, COUNSELING, EARLY DELINQUENT INTERVENTION, PRE-EMPLOYMEN SKILLS TRAINING, EDUCATION ENHANCEMENT, SUBSTANCE ABUSE AND MENTAL HEALTH TREATMENTS, AND RELATED SERVICES TO YOUTHS IN CRISIS OR IN NEED OF CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Albert Simpson Chairman | Trustee | 2 | $0 |
John Wayne Wright Director | Trustee | 1 | $0 |
Kim Henderson-Mote Director | Trustee | 1 | $0 |
Arthur Webb Director | Trustee | 2 | $0 |
Anthony Avery Director | Trustee | 1 | $0 |
Willie Green Ceo/president | Officer | 40 | $78,462 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $306,570 |
| Statement of Expenses | |
|---|---|
| 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. | $78,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,178 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,519 |
| Payroll taxes | $18,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,347 |
| Advertising and promotion | $0 |
| Office expenses | $2,189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,841 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,798 |
| Insurance | $18,904 |
| All other expenses | $0 |
| Total functional expenses | $342,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,171 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $15,259 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,955 |
| Other assets | $1,450 |
| Total assets | $107,017 |
| 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 | $35,430 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,430 |
| Net assets without donor restrictions | $71,587 |
| 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 | $71,587 |