Young Entrepreneurs Academy Inc

Organization Overview

Young Entrepreneurs Academy Inc is located in Pittsford, NY. The organization was established in 2009. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 06/2021, Young Entrepreneurs Academy Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Entrepreneurs Academy 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 06/2021, Young Entrepreneurs Academy Inc generated $326.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $474.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE A GROUNDBREAKING PROGRAM THAT TAKES STUDENTS IN GRADES SIX THROUGH TWELVE THROUGH THE PROCESS OF STARTING AND RUNNING A REAL BUSINESS OVER THE COURSE OF A FULL ACADEMIC YEAR

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE YOUNG ENTREPRENEURS ACADEMY (YEA!) IS A GROUNDBREAKING AND EXCITING PROGRAM THAT TRANSFORMS LOCAL MIDDLE AND HIGH SCHOOL STUDENTS INTO REAL, CONFIDENT ENTREPRENEURS. THROUGH THE YEAR-LONG PROGRAM, STUDENTS IN GRADES 6-12 GENERATE BUSINESS IDEAS, CONDUCT MARKET RESEARCH, WRITE BUSINESS PLANS, PITCH TO A PANEL OF INVESTORS, AND LAUNCH THEIR VERY OWN COMPANIES.


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Board, Officers & Key Employees

Name (title)Compensation
Gayle Jagel
President & CEO
$109,615
Kevin Halpin
Secretary
$0
Steve Sauer
Chair (part Year)
$0
Troy Mclellan
Director/chair
$0
Jack Baron
Director
$0
Patty Redding
Director (part Year)
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $64,700
All other contributions, gifts, grants, and similar amounts not included above$102,278
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$166,978
Total Program Service Revenue$159,950
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 $326,928

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Young Entrepreneurs Academy Inc has recieved totaling $50,000.

Awarding OrganizationAmount
Saunders Foundation

Rochester, NY

PURPOSE: ANNUAL GIVING

$50,000
View Grant Recipient Profile

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