Young For Youth Foundation
- Assets
- $30.8k
- Revenue
- $159.1k
- Investments
- $0.0
- Employees
- 1
- Location
- New Orleans, LA
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 45-2654598
Organization Overview
Young For Youth Foundation is located in New Orleans, LA. The organization was established in 2011. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young For Youth Foundation 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 12/2021, Young For Youth Foundation generated $159.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $188.1k during the year ending 12/2021. While expenses have increased by 4.1% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF YOUNG FOR YOUTH FOUNDATION IS AIMED AT BUILDING A MORE PROMISING FUTURE FOR INNER-CITY CHILDREN AND TEENS IN NEED. THE FOUNDATION PLANS TO FOCUS ON DEVELOPING AND SUPPORING HEALTH, WELLNESS,ATHLETIC AND OTHER EDUCATIONAL PROGRAMS FOR THE UNDER SERVED LOW INCOME CHILDREN AND TEENS LIVING PRIMARILY IN THE INNER CITY ARES OF PHILADELPHIA, MEMPHIS AND NEW ORLEANS.THE FOUNDATION WILL ORGANIZE AND SPONSOR SEVERAL AAU BASKETBALL TEAMS TO PROVIDE A VENUE TO PROMOTE MENTORING,EDUCATING AND SELF CONFIDENCE THROUGH THE PARTICITATION IN THESE RECREATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felton C Young Head Coach | 0 | $60,000 | |
Thaddeus Young President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $159,127 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $159,127 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,589 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $123,464 |
| Total operating and administrative expenses | $188,053 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $188,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,838 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,838 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Young For Youth Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
National Basketball Players Assoc Foundation New York, NY PURPOSE: TO SUPPORT YOUTH SPORTS PROGRAMS AND OTHER CHARITABLE PURPOSES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Empowerment Services Inc San Antonio, TX | $7,844,599 | $11,560,080 |
Center For Success And Independence Inc Houston, TX | $2,763,575 | $6,535,294 |
The Mentoring Alliance Tyler, TX | $10,248,637 | $7,386,369 |
Challenge Soccer Club Spring, TX | $1,043,388 | $3,206,725 |
Reconcile New Orleans Inc New Orleans, LA | $5,941,399 | $3,256,668 |
Lake Travis Youth Association Austin, TX | $3,138,331 | $2,866,170 |
Sa Youth San Antonio, TX | $2,712,910 | $2,327,387 |
Fayetteville Youth Center Inc Fayetteville, AR | $12,297,154 | $2,561,088 |
Camp Summit Inc Dallas, TX | $14,161,470 | $2,314,142 |
The Stoney Creek Foundation Houston, TX | $12,104,531 | $5,162,565 |
Fyims Incorporated Houston, TX | $5,813,910 | $1,349,865 |
Brazos Youth Livestock Inc Bryan, TX | $101,450 | $1,488,518 |