Newark Youth Development Fund Inc
- Assets
- $8.3k
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 47-2095365
Organization Overview
Newark Youth Development Fund Inc is located in Newark, NJ. The organization was established in 2015. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, 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. Newark Youth Development Fund 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 12/2021, Newark Youth Development Fund Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 72.2% each year . All expenses for the organization totaled $7.0m during the year ending 12/2021. 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 NEWARK YOUTH DEVELOPMENT FUND, INC. PROVIDED FUNDING FOR A SAFE SPACE FOR NEWARK YOUNG PEOPLE, UNDER THE DIRECTION OF CARING ADULTS, TO DEVELOP SKILLS, VALUES, EMOTIONAL STRENGTH, AND PERSONAL CONFIDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas R Valen Treasurer | 4 | $0 | |
Jeffrey Monge Secretary | 4 | $0 | |
Raul Oseguera Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | -$6,724,378 |
| 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 | $6,401,000 |
| Total Revenue | $6,651,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $41,188 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,913,705 |
| Total operating and administrative expenses | $6,974,793 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $6,974,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $8,290 |
| 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 | $8,290 |
| Accounts payable and accrued expenses | $2,000 |
| 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 | $52,000 |
| Total liabilities | $54,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Friends Of Migdal Ohr New York, NY | $3,730,032 | $10,984,371 |
Newark Youth Development Fund Inc Newark, NJ | $8,290 | $6,651,415 |
Big Brothers Big Sisters Of Long Island Donation Center Inc Islandia, NY | $6,798,757 | $4,499,904 |
Homewood Childrens Village Pittsburgh, PA | $2,623,415 | $3,020,728 |
Girl Effect Inc New York, NY | $8,038,131 | $10,243,411 |
The Union League Legacy Foundation Philadelphia, PA | $19,017,590 | $3,492,460 |
Boy Scouts Of America Mohegan Lake, NY | $5,034,510 | $744,573 |
Boy Scouts Of America Mohegan Lake, NY | $3,955,009 | $347,240 |
Boys & Girls Club Of Paterson And Passaic Association Inc Paterson, NJ | $5,775,233 | $273,672 |
Pennsylvania Future Farmers Of America Foundation Inc East Berlin, PA | $977,335 | $444,150 |
Boy Scouts Of America Pittsburgh, PA | $10,118,070 | $1,422,869 |
Skaneateles Recreational Charitable Tr Skaneateles, NY | $8,974,564 | $26,706 |