Young Womens Preparatory Network
- Assets
- $6.3m
- Revenue
- $2.6m
- Investments
- $2.6m
- Employees
- 16
- Location
- Dallas, TX
- Founding
- 02/2004
- Data as of
- 06/2022
- EIN
- 47-0902114
Organization Overview
Young Womens Preparatory Network is located in Dallas, TX. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Young Womens Preparatory Network employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Womens Preparatory Network 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 06/2022, Young Womens Preparatory Network generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 4.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NETWORK IS TO SUPPORT SINGLE SEX, COLLEGE PREPARATORY, PUBLIC EDUCATION IN TEXAS THAT WILL GIVE YOUNG WOMEN IN URBAN SCHOOLS THE ACADEMIC SKILLS TO ACHIEVE SUCCESS IN COLLEGE AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY PURPOSE IS TO SUPPORT AND ADVANCE THE EDUCATION OF DISADVANTAGED INDIVIDUALS IN TEXAS, INCLUDING EFFORTS TO SUPPORT PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Mcbee CEO & President | Officer | 40 | $192,500 |
Claire Manigold CFO & Trea/sec | Officer | 40 | $134,375 |
Berta Fogerson Highest Paid Employee | 40 | $134,375 | |
Patricia Leyendecker Cdo | 40 | $130,000 | |
Whitney Fogle Lewis Director | Trustee | 0 | $0 |
Charles Buescher Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $262,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,953,437 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,215,784 |
| Total Program Service Revenue | $0 |
| Investment income | $113,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $231,139 |
| Net Income from Fundraising Events | $71,694 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,631,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $128,514 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $345,198 |
| Compensation of current officers, directors, key employees. | $52,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $753,246 |
| Pension plan accruals and contributions | $5,791 |
| Other employee benefits | $15,752 |
| Payroll taxes | $80,405 |
| 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 | $0 |
| Advertising and promotion | $116,449 |
| Office expenses | $16,074 |
| Information technology | $51,941 |
| Royalties | $0 |
| Occupancy | $144,980 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $269,690 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,573 |
| Insurance | $10,176 |
| All other expenses | $0 |
| Total functional expenses | $2,645,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,538 |
| Savings and temporary cash investments | $908,124 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $32,766 |
| Net Land, buildings, and equipment | $26,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,641,106 |
| Investments—program-related | $2,136,876 |
| Intangible assets | $0 |
| Other assets | $7,311 |
| Total assets | $6,263,969 |
| Accounts payable and accrued expenses | $70,072 |
| 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 | $3,080 |
| Total liabilities | $73,152 |
| Net assets without donor restrictions | $2,282,259 |
| Net assets with donor restrictions | $3,908,558 |
| 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 | $6,263,969 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Young Womens Preparatory Network has recieved totaling $1,516,983.
| Awarding Organization | Amount |
|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $1,232,500 |
Texas Womens Foundation Dallas, TX PURPOSE: GENERAL OPERATING SUPPORT | $95,000 |
Byrne Family Foundation Trust Dallas, TX PURPOSE: FAMILY SERVICES | $50,000 |
High-Tech High Heels Dallas, TX PURPOSE: VIDCODE MODULES | $26,500 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $25,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $19,983 |
Endowment Analysis
| Beg. Balance | $785,758 |
| Earnings | -$103,597 |
| Ending Balance | $682,161 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |