Simon Youth Foundation Inc
- Assets
- $13.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Indianapolis, IN
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 35-2035269
Organization Overview
Simon Youth Foundation Inc is located in Indianapolis, IN. The organization was established in 1998. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 12/2022, Simon Youth Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simon Youth Foundation 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 12/2022, Simon Youth Foundation Inc generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SIMON YOUTH FOUNDATION FOSTERS AND IMPROVES EDUCATIONAL OPPORTUNITIES, CAREER DEVELOPMENT, AND LIFE SKILLS TO TRANSFORM THE LIVES OF AT-RISK YOUTH. SEE SCHEDULE O.
Describe the Organization's Program Activity:
SIMON YOUTH ACADEMIES ARE PUBLIC ALTERNATIVE SCHOOLS PRIMARILY LOCATED IN SIMON PROPERTY GROUP MALLS, WITH SOME STAND-ALONE SITES. THE ACADEMIES SERVE STUDENTS WHO ARE STRUGGLING IN TRADITIONAL HIGH SCHOOL ENVIRONMENTS, OFTEN DUE TO CHALLENGING LIFE CIRCUMSTANCES SUCH AS PARENTING, HOMELESSNESS, OR ILLNESS. BY WORKING WITH LOCAL PUBLIC SCHOOL DISTRICTS, SYF IS ABLE TO REACH THESE STUDENTS BEFORE THEY DROP OUT, AND THROUGH THE ACADEMY NETWORK, OFFER STUDENTS THE SAME EDUCATIONAL OPPORTUNITIES THEY WOULD RECEIVE IN A TRADITIONAL HIGH SCHOOL, BUT IN AN ENVIRONMENT THAT MEETS THE NEEDS OF AT-RISK STUDENTS. WITH SMALL CLASS SIZES, FLEXIBLE HOURS, SELF-PACED CURRICULUM, AND A FAMILY-LIKE ATMOSPHERE THE ACADEMIES PROVIDE A UNIQUE LEARNING ENVIRONMENT THAT HAS PROVEN TO BE A SUCCESSFUL MODEL. IN ORDER TO GRADUATE FROM AN ACADEMY, STUDENTS MUST MEET ALL STATE AND NATIONAL GRADUATION REQUIREMENTS. WHEN THEY GRADUATE, ACADEMY STUDENTS EARN THEIR DIPLOMAS FROM THEIR REFERRING HIGH SCHOOLS.
SIMON YOUTH SCHOLARSHIPS ARE AWARDED TO SIMON YOUTH ACADEMY GRADUATES, AS WELL AS NON-ACADEMY STUDENTS IN EVERY COMMUNITY THAT IS HOME TO A SIMON PROPERTY. THE AWARDS PRIMARILY SERVE STUDENTS WHO WILL BE THE FIRST IN THEIR FAMILIES TO ATTEND POST-SECONDARY EDUCATION INSTITUTIONS, INCLUDING 2-YEAR VOCATIONAL AND TECHNICAL SCHOOLS AND 4-YEAR COLLEGES. A THIRD-PARTY ADMINISTRATOR SELECTS RECIPIENTS AND FACTORS IN FINANCIAL NEED, ACADEMIC PERFORMANCE, LEADERSHIP SKILLS, SCHOOL PARTICIPATION, AND COMMUNITY ACTIVITIES.
TO SUPPORT CONTINUED HIGH ACADEMIC AND PROGRAM STANDARDS, SYF HOSTS AN ANNUAL BEST PRACTICES CONFERENCE FOR SYF SCHOOL DISTRICT PARTNERS AND REPRESENTATIVES FROM NATIONAL ORGANIZATIONS THAT WORK TO IMPROVE GRADUATION RATES. THE BEST PRACTICES CONFERENCE IS HELD IN CONJUNCTION WITH A LEADING NATIONAL EDUCATION CONFERENCE, PROVIDING AN OPPORTUNITY FOR ACADEMY ADMINISTRATORS AND TEACHERS TO TAKE ADVANTAGE OF PROFESSIONAL DEVELOPMENT BEYOND SYF SPONSORED LECTURES AND SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Neely President And CEO | Officer | 50 | $283,860 |
Brandi Young Vp, Advancement | 50 | $127,808 | |
Le-Angela Thompson COO (beg 04/25/2022) | Officer | 50 | $104,344 |
Sherri Scrogham Director Of Finance | Officer | 50 | $112,098 |
Deborah J Simon Board Chair | OfficerTrustee | 1 | $0 |
Kimberly Johnson Treasurer/secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dodd Technologies Audio Visual | 12/30/22 | $110,000 |
Ists Scholarship Admin | 12/30/22 | $483,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,421 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,408,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,499,831 |
| Total Program Service Revenue | $29,350 |
| Investment income | $169,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $604,051 |
| Net Income from Fundraising Events | $317,227 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,620,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $699,008 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $562,126 |
| Compensation of current officers, directors, key employees. | $188,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $454,862 |
| Pension plan accruals and contributions | $16,322 |
| Other employee benefits | $119,537 |
| Payroll taxes | $83,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,308 |
| Fees for services: Accounting | $21,468 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,376 |
| Fees for services: Other | $103,536 |
| Advertising and promotion | $7,078 |
| Office expenses | $100,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $214,306 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $291,099 |
| Insurance | $36,990 |
| All other expenses | $0 |
| Total functional expenses | $2,948,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $2,632,446 |
| Pledges and grants receivable | $342,757 |
| Accounts receivable, net | $0 |
| 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 | $280,135 |
| Net Land, buildings, and equipment | $2,974,167 |
| Investments—publicly traded securities | $6,816,561 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,046,366 |
| Accounts payable and accrued expenses | $385,033 |
| 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 | $385,033 |
| Net assets without donor restrictions | $12,058,949 |
| Net assets with donor restrictions | $602,384 |
| 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 | $13,046,366 |