Youth Empowerment Project
- Assets
- $9.1m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 70
- Location
- New Orleans, LA
- Founding
- 02/2005
- Data as of
- 06/2023
- EIN
- 42-1633060
Organization Overview
Youth Empowerment Project is located in New Orleans, LA. The organization was established in 2005. According to its NTEE Classification (I80) the organization is classified as: Legal Services, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2023, Youth Empowerment Project employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Empowerment Project 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 06/2023, Youth Empowerment Project generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $5.7m during the year ending 06/2023. While expenses have increased by 7.3% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH EMPOWERMENT PROJECT ENGAGES UNDERSERVED YOUNG PEOPLE THROUGH COMMUNITY-BASED EDUCATION, MENTORING AND EMPLOYMENT READINESS PROGRAMS TO HELP THEM DEVELOP SKILLS AND STRENGTHEN TIES TO FAMILY AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Rusovich President | OfficerTrustee | 10 | $0 |
Lynne Burkart Co-Vice President | OfficerTrustee | 10 | $0 |
Benjamin Allen Co-Vice President | OfficerTrustee | 10 | $0 |
Franchesca Lorio Treasurer | OfficerTrustee | 10 | $0 |
Calvin Johnson Past President | Trustee | 2 | $0 |
Chris Lebato Immediate Past President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,699,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,621,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,321,643 |
| Total Program Service Revenue | $1,362,969 |
| Investment income | $18,334 |
| 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 | $161,303 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,300,467 |
| 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. | $162,117 |
| Compensation of current officers, directors, key employees. | $20,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,917,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $417,943 |
| Payroll taxes | $241,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $484,812 |
| Advertising and promotion | $0 |
| Office expenses | $94,268 |
| Information technology | $121,657 |
| Royalties | $0 |
| Occupancy | $254,551 |
| Travel | $52,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,335 |
| Insurance | $72,081 |
| All other expenses | $0 |
| Total functional expenses | $5,699,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,152,380 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $46,529 |
| Prepaid expenses and deferred charges | $63,937 |
| Net Land, buildings, and equipment | $1,208,846 |
| Investments—publicly traded securities | $3,206,898 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,451,764 |
| Total assets | $9,130,354 |
| Accounts payable and accrued expenses | $190,353 |
| Grants payable | $0 |
| Deferred revenue | $1,711,666 |
| 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 | $36,414 |
| Total liabilities | $1,938,433 |
| Net assets without donor restrictions | $6,996,921 |
| Net assets with donor restrictions | $195,000 |
| 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 | $9,130,354 |