The Young Americans Inc
- Assets
- $2.9m
- Revenue
- $2.6m
- Investments
- $413.6k
- Employees
- 59
- Location
- Corona, CA
- Founding
- 02/1997
- Data as of
- 06/2021
- EIN
- 33-0488250
Organization Overview
The Young Americans Inc is located in Corona, CA. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Young Americans Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Americans 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 Americans Inc generated $2.6m 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 (10.7%) each year. All expenses for the organization totaled $2.4m 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE UNDERSTANDING AND GOODWILL AMONG PEOPLE THROUGH THE WORLD THROUGH MUSIC, DANCE, PERFORMANCE, ACADEMIC EDUCATION, AND CULTURAL INTERACTION AMONG STUDENT MEMBERS AND THEIR AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YOUNG AMERICANS MUSIC OUTREACH PROGRAMS CONDUCTED PERFORMING ARTS EXPERIENCES IN 200 COMMUNITIES AROUND THE WORLD, THROUGH 12 TOURING COMPANIES AND IMPACTING 55,000 CHILDREN'S LIVES. THESE PROGRAMS BRING A LIVE AND INTERACTIVE PERFORMING ARTS EXPREIENCE INTO HOST SCHOOLS AND COMMUNITIES. THE PROGRAM'S PURPOSE IS TO USE THE CHALLEGE OF LEARNING A SHOW IN JUST A FEW DAYS AS THE CHALLENGE GOAL TO HELP CHILDREN BUILD THEIR SELF-ESTEEM. SUPPORTED BY THE CAST OF YOUNG AMERICANS, WHO SERVE AS PEER LEADERS AND MENTORS, EACH PARTICIPATING STUDENT IS ENCOURAGE AND SUPPORTED TO STEP OUT OF THEIR COMFORT ZONE AND EXPRESS THEMSELVES THROUGH SONG, DANCE, AND PERFORMANCE. BY FYE 2020, THE YOUNG AMERICANS HAD COMPLETED ITS SUMMER DINNER THEATRE IN BOYNE HIGHLANDS, MICHIGAN (SPANNING FROM THE 3RD WEEK IN JUNE TILL THE 3RD WEEK IN AUGUST). ADDITIONALLY, THE YOUNG AMERICANS COMPLETED A THIRD OF ITS OUTREACH TOURS AND CAMPS, TO INCLUDE ITS MAJOR INTERNATIONAL TOUR IN JAPAN. MOREOVER, IT SUCCESSFULLY CONDUCTED ITS ANNUAL CHRISTMAS SHOW PERFORMANCE, "THE MAGIC OF CHRISTMAS" AT LA MIRADA THEATRE (SPANNING FROM DECEMBER 5TH THROUGH 15TH FOR A TOTAL OF 13 INDIVIDUAL SHOWS).
THE YOUNG AMERICANS COLLEGE OF PERFORMING ARTS IS A CONSERVATORY-STYLE PROGRAM OF STUDY FOR STUDENTS WHO WISH TO COMBINE INTENSIVE PERFORMING ARTS TRAINING WITH SERVICE-BASED LEARNING EXPERIENCES THAT BRAODEN THE UNDERSTANDING OF THE GLOBAL COMMUNITY. THE LEARNING EXPERIENCE AT THE YOUNG AMERICANS COLLEGE OF THE PERFORMING ARTS IS UNIQUE. THE STUDENTS ARE NOT ONLY PURSING THEIR EDUCAITON GOALS, BUT THEY ARE ALSO CAST MEMBERS IN THE WORLD-RENOWNED PERFORMANCE COMPANY, THE YOUNG AMERICANS, AND THEY ALSO PERFORM AND TRAVEL ACROSS THE UNITED STATES AND AROUND THE WORLD. THE YOUNG AMERICAN COLLEGE OF THE PERFORMING ARTS BOASTS AN 85 STUDNET RETENTION RATE AND A 92 INSTITUTIONAL COURSE COMPLETION RATE. THE YOUNG AMERICANS COLLEGE OF THE PERFORMING ARTS HAD A GRADUATION CERMONY IN DECEMBER 2019, WHERE OVER 30 OF THE 69 SOPHOMORES RECEIVED THEIR ASSOCIATES OF ARTS DEGREES; THE REMAINING STUDENT WERE SET TO RETURN IN SPRING AND FALL 2020, RESPECTIVELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andres Luna II Past CEO (7/3/20-6/3/21) | Officer | 40 | $62,500 |
Kenneth B Morris Jr Board President | OfficerTrustee | 1 | $0 |
Leif E Green Board Vp/ceo- Start 6/4/21 | OfficerTrustee | 40 | $0 |
Andrew Mcgarity Board Treasurer | Trustee | 1 | $0 |
Vanessa Ann Brown Director | Trustee | 1 | $0 |
Michelle Lund Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $752,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,473,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,225,979 |
| Total Program Service Revenue | $291,569 |
| Investment income | $9,870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,574,520 |
| 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. | $134,000 |
| Compensation of current officers, directors, key employees. | $80,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $494,980 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,246 |
| Payroll taxes | $51,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,350 |
| Fees for services: Accounting | $93,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,529 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,040 |
| Office expenses | $0 |
| Information technology | $41,887 |
| Royalties | $0 |
| Occupancy | $439,898 |
| Travel | $177,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,103 |
| Insurance | $58,285 |
| All other expenses | $189,067 |
| Total functional expenses | $2,428,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,681,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $315,138 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,236 |
| Prepaid expenses and deferred charges | $33,636 |
| Net Land, buildings, and equipment | $268,541 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $413,554 |
| Investments—program-related | $0 |
| Intangible assets | $49,399 |
| Other assets | $65,345 |
| Total assets | $2,850,388 |
| Accounts payable and accrued expenses | $202,682 |
| 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 | $410,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $479,912 |
| Other liabilities | $212,518 |
| Total liabilities | $1,305,112 |
| Net assets without donor restrictions | $1,466,989 |
| Net assets with donor restrictions | $78,287 |
| 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 | $2,850,388 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that The Young Americans Inc has recieved totaling $1,123,446.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $850,000 |
Lwl Foundation Newport Beach, CA PURPOSE: DONATE CASH TO VARIOUS 501 (C)(3) PUBLIC CHARITIES | $200,000 |
The Sharon D Lund Foundation Orange, CA PURPOSE: GENERAL OPERATIONS | $50,000 |
Nehring Foundation Scottsdale, AZ PURPOSE: CIVIC | $12,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $8,100 |
Gary W Dietrich Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,500 |
Endowment Analysis
| Beg. Balance | $76,351 |
| Earnings | $1,936 |
| Ending Balance | $78,287 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Partnerships Inc Portland, OR | $30,268,238 | $16,325,065 |
Coalition Of Homeless Services Providers Seaside, CA | $4,824,470 | $13,798,349 |
Applied Materials Foundation Santa Clara, CA | $3,893,946 | $2,033,120 |
Cal Poly Pomona Philanthropic Foundation Pomona, CA | $212,751,456 | $20,250,176 |
Intuitive Foundation Sunnyvale, CA | $66,087,520 | $30,041,225 |
Cal State Fullerton Philanthropic Foundation Fullerton, CA | $185,411,080 | $61,222,330 |
The Center For Common Concerns Inc San Francisco, CA | $4,578,561 | $9,221,724 |
Lacentra-Sumerlin Foundation Santa Barbara, CA | $23,655,418 | $9,034,857 |
Nevada H A N D Inc Las Vegas, NV | $77,122,058 | $13,558,861 |
Los Angeles Brotherhood Crusade - Black United Fund Inc Los Angeles, CA | $11,518,152 | $7,122,704 |
Ninos Latinos Unidos Foster Family Agency Bellflower, CA | $3,255,645 | $6,207,449 |
Earn Inc San Francisco, CA | $4,666,013 | $6,096,745 |