Leading Youth Through Empowerment Inc
- Assets
- $424.7k
- Revenue
- $626.9k
- Investments
- $165.0k
- Employees
- 9
- Location
- Wilmington, DE
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 47-1867733
Organization Overview
Leading Youth Through Empowerment Inc is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Leading Youth Through Empowerment Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leading Youth Through Empowerment 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, Leading Youth Through Empowerment Inc generated $626.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 54.0% each year . All expenses for the organization totaled $758.9k during the year ending 12/2022. 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 LEADING YOUTH THROUGH EMPOWERMENT IS TO INCREASE ACCESS TO TOP PERFORMING HIGH SCHOOLS FOR STUDENTS FROM LOW-INCOME BACKGROUNDS IN DELAWARE THROUGH KNOWLEDGE AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LYTE PROVIDES FIVE TIERS OF AFTER SCHOOL AND SUMMER ACADEMIC CLASSES TO PREPARE LOW-INCOME AND MINORITY STUDENTS FOR RIGOROUS HIGH SCHOOL PROGRAMS, AND COLLABORATES WITH OVER 50 SCHOOLS THROUGHOUT DELAWARE TO ADVOCATE FOR THESE STUDENTS AND CREATE ALTERNATIVE PATHWAYS FOR THEM. LYTE ASSISTS STUDENTS IN NAVIGATING THE HIGH SCHOOL CHOICE PROCESS AND TO GAIN ACCESS TO TOP HIGH SCHOOL PROGRAMS. LYTE GUIDES STUDENTS THROUGH HIGH SCHOOL WITH TRANSITION SUPPORT, ACADEMIC TUTORING, PROFESSIONAL DEVELOPMENT, SOCIO-EMOTIONAL TRAINING, INTERNSHIP OPPORTUNITIES AND ADVOCACY. ALMOST ALL LYTE SCHOLARS WILL BE THE FIRST-GENERATION TO ATTEND COLLEGE IN THEIR FAMILIES, AND LYTE WORKS WITH THEM AND THEIR PARENTS TO GUIDE THEM THROUGH THE COLLEGE ADMISSIONS AND FINANCIAL AID PROCESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Lessner President | OfficerTrustee | 3 | $0 |
Zach Beattie Vice President | OfficerTrustee | 3 | $0 |
Arati Kohli Secretary | OfficerTrustee | 3 | $0 |
Clint Walker Treasurer | OfficerTrustee | 3 | $0 |
Pilar Kraman Board Member | Trustee | 1 | $0 |
Rachel Harad Board Member | Trustee | 1 | $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 | $398,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,195 |
| Total Program Service Revenue | $228,754 |
| Investment income | $0 |
| 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 | $626,949 |
| 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. | $83,688 |
| Compensation of current officers, directors, key employees. | $47,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,546 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,030 |
| Advertising and promotion | $9,200 |
| Office expenses | $8,657 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,863 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,393 |
| All other expenses | $0 |
| Total functional expenses | $758,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,768 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $164,952 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $424,720 |
| Accounts payable and accrued expenses | $16,888 |
| 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 | $22,438 |
| Total liabilities | $39,326 |
| Net assets without donor restrictions | $385,394 |
| 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 | $424,720 |