Youth Vision Solutions
- Assets
- $6.2m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 118
- Location
- Detroit, MI
- Founding
- 12/2011
- Data as of
- 06/2022
- EIN
- 27-1855040
Organization Overview
Youth Vision Solutions is located in Detroit, MI. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Youth Vision Solutions employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Vision Solutions 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, Youth Vision Solutions generated $7.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $6.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF PUBLIC SCHOOL ACADEMIES SERVING DISADVANTAGED YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF FOUR PUBLIC SCHOOL ACADEMIES SERVING DISADVANTAGED YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrence George President/superintendent | OfficerTrustee | 40 | $150,211 |
Nicole Wotlinski Board Chairman | OfficerTrustee | 2 | $0 |
Edward Wolking Jr Vice-Chair | OfficerTrustee | 2 | $0 |
Thomas Murar Treasurer | OfficerTrustee | 2 | $0 |
Thomas Smith Secretary | OfficerTrustee | 2 | $0 |
Michael Novak Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acro Service Corporation Human Resource Service | 6/29/22 | $117,265 |
Long's Cleaning Co Llc Cleaning Services | 6/29/22 | $110,700 |
Long's Security Services Llc Security Services | 6/29/22 | $109,995 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,522,430 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,522,430 |
| Total Program Service Revenue | $0 |
| Investment income | $1,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $92,565 |
| 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 | $7,604,796 |
| 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. | $176,211 |
| Compensation of current officers, directors, key employees. | $176,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,089,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $517,028 |
| Payroll taxes | $233,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,777 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $3,900 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $942,810 |
| Information technology | $56,352 |
| Royalties | $0 |
| Occupancy | $257,982 |
| Travel | $144,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75,004 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $352,257 |
| Insurance | $66,454 |
| All other expenses | $0 |
| Total functional expenses | $6,740,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,255,371 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,545,202 |
| 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 | $192,999 |
| Net Land, buildings, and equipment | $256,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,249,640 |
| Accounts payable and accrued expenses | $629,806 |
| 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 | $629,806 |
| Net assets without donor restrictions | $5,619,834 |
| 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 | $6,249,640 |