Upward Bound Youth
- Assets
- $14.8m
- Revenue
- $5.9m
- Investments
- $3.8m
- Employees
- 9
- Location
- Wooster, OH
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 34-1850567
Organization Overview
Upward Bound Youth is located in Wooster, OH. The organization was established in 1998. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Upward Bound Youth employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upward Bound Youth 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, Upward Bound Youth generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 68.1% each year . All expenses for the organization totaled $5.5m during the year ending 12/2023. While expenses have increased by 65.2% per year over the past 7 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.
Since 2021, Upward Bound Youth has awarded 50 individual grants totaling $6,695,341. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROVIDE PROGRAMS, FACILITIES, AND RESOURCES TO AID YOUTH AND THEIR FAMILIES IN THEIR SPIRITUAL, PHYSICAL, EMOTIONAL AND EDUCATIONAL DEVELOPMENT. IN ACCORDANCE WITH OUR SINCERELY HELD RELIGIOUS BELIEFS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER-SCHOOL, WEEKEND, HOLIDAY, & SUMMER PROGRAMS TOTALED NEARLY 5,420 INDIVIDUAL HOURS. INCLUDED ARE PREPARATION AND PRESENTATION TIME FOR VARIOUS CAMPS, RETREATS, CLASSES, AND SPEAKING ENGAGEMENTS WITH YOUTH AND THEIR FAMILIES. ADDITIONAL PROGRAM SERVICES INCLUDE COORDINATION, SUPPORT, AND PARTICIPATION WITH OTHER COMPATIBLE NON-PROFIT AND RELIGIOUS MINISTRIES. SERVICING YOUTH, FAMILIES, AND COMMUNITIES.
DEVELOP AND TEACH CURRICULUM FOR STUDY, TRAINING, AND TEACHING OF THE BIBLE. CHRISTIAN APOLOGETICS & SPRITUAL FORMATION TOTALLED NEARLY 6,000 HOURS.
PROJECT DEVELOPMENT OF MULTI-USE FACILITY FOR YOUTH AND ADULT EDUCATION AND CARE, ALONG WITH AFTER-SCHOOL PROGRAMS AND RECREATION. MEETINGS, PROPERTY RENOVATION, MAITENANCE AND REPAIR HOURS WERE UNDER 700 HOURS. 500 HOURS OF PROJECT DEVELOPMENT WERE VOLUNTEER HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Jankov Executive Di | OfficerTrustee | 65 | $94,000 |
Stephanie Mccoy Ast. Exec. D | OfficerTrustee | 50 | $64,000 |
Margret Jankov Director | OfficerTrustee | 25 | $29,200 |
Krista Stone Director | OfficerTrustee | 45 | $29,094 |
Ron Fairchild Director | Trustee | 10 | $0 |
John Gutai Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,527,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,527,685 |
| Total Program Service Revenue | $0 |
| Investment income | $368,846 |
| 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 | $5,907,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,660,091 |
| 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. | $216,294 |
| Compensation of current officers, directors, key employees. | $78,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,652 |
| Payroll taxes | $27,171 |
| Fees for services: Management | $49,500 |
| Fees for services: Legal | $1,239 |
| Fees for services: Accounting | $25,209 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,107 |
| Advertising and promotion | $8,339 |
| Office expenses | $11,991 |
| Information technology | $894 |
| Royalties | $0 |
| Occupancy | $6,840 |
| Travel | $114,612 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,568 |
| Insurance | $12,893 |
| All other expenses | $4,653 |
| Total functional expenses | $5,480,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,750 |
| Savings and temporary cash investments | $7,013,057 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $430,055 |
| 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 | $0 |
| Net Land, buildings, and equipment | $145,742 |
| Investments—publicly traded securities | $3,043,590 |
| Investments—other securities | $3,816,322 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10 |
| Total assets | $14,834,526 |
| Accounts payable and accrued expenses | $13,039 |
| 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 | $13,039 |
| Net assets without donor restrictions | $14,821,487 |
| 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 | $14,834,526 |
Grants Awarded
Over the last fiscal year, Upward Bound Youth has awarded $4,650,591 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTURES IN MISSIONS INC PURPOSE: RELIGIOUS SUPPORT | $20,000 |
ALLIANCE DEFENDING FREEDOM PURPOSE: RELIGIOUS SUPPORT | $10,325 |
AUTHENTIC LIFE MINISTRIES PURPOSE: COMMUNITY SUPPORT | $30,000 |
APOSTOLIC CHRISTIAN CHURCH - WOOSTER PURPOSE: RELIGIOUS SUPPORT | $15,000 |
BEESON MINISTRIES PURPOSE: KIDS TO CAMP | $10,000 |
BIG BRO JOE FOUNDATION PURPOSE: YOUTH DEVELOPMENT | $10,000 |