Point Source Youth Inc
- Assets
- $3.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 13
- Location
- New York, NY
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-3748007
Organization Overview
Point Source Youth Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Point Source Youth Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Point Source Youth 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, Point Source Youth Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.4% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HELP ADVOCATE FOR, IMPLEMENT, AND EVALUATE PROVEN, SCALABLE, AND REPLICABLE YOUTH HOMELESSNESS INTERVENTIONS INCLUDING - FAMILY & KINSHIP STRENGTHENING, SHORT-TERM HOST HOMES, AND RAPID RE-HOUSING - TO INCREASE HOUSING OPTIONS FOR YOUTH AND TO END YOUTH HOMELESSNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawerence Cohen Co-Founder And Executive Director | Officer | 40 | $206,640 |
Mitchell Mathias Development Director | 40 | $137,238 | |
Pilar Barreyro Mcdermott Vp, Communications & Strategy | 40 | $130,728 | |
Ronald Johnson Chair | OfficerTrustee | 4 | $0 |
Colin Mcswiggen Treasurer And Secretary | OfficerTrustee | 4 | $0 |
Cynthia Langtiw Vice President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $207,548 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,807,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,015,114 |
| Total Program Service Revenue | $213,619 |
| Investment income | $6,895 |
| 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 | $3,235,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| 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. | $227,437 |
| Compensation of current officers, directors, key employees. | $33,002 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $806,302 |
| Pension plan accruals and contributions | $11,666 |
| Other employee benefits | $99,183 |
| Payroll taxes | $77,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $83,429 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $157,279 |
| Advertising and promotion | $94,027 |
| Office expenses | $30,467 |
| Information technology | $33,971 |
| Royalties | $0 |
| Occupancy | $3,991 |
| Travel | $10,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $298,573 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $989 |
| Insurance | $12,777 |
| All other expenses | $2,140 |
| Total functional expenses | $2,166,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,451,295 |
| Savings and temporary cash investments | $100,202 |
| Pledges and grants receivable | $416,467 |
| Accounts receivable, net | $1,097,165 |
| 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 | $10,050 |
| Net Land, buildings, and equipment | $1,565 |
| Investments—publicly traded securities | $455,188 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,531,932 |
| Accounts payable and accrued expenses | $19,446 |
| 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 | $0 |
| Total liabilities | $19,446 |
| Net assets without donor restrictions | $1,531,218 |
| Net assets with donor restrictions | $1,981,268 |
| 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 | $3,531,932 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Point Source Youth Inc has recieved totaling $1,100,000.
| Awarding Organization | Amount |
|---|---|
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $300,000 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD PURPOSE: TO SUPPORT YOUTH EXPERIENCING HOMELESSNESS IN SAN FRANCISCO, CHICAGO, RURAL MARYLAND, RURAL PENNSYLVANIA, AND NEW YORK CITY WITH HOUSING AND SUPPORT SERVICES. | $300,000 |
Arcus Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
Liberty Mutual Foundation Inc Boston, MA PURPOSE: HIRE YOUTH! CREATING A NEW NATIONAL STANDARD OF AUTHENTIC YOUTH ENGAGEMENT - HIRING AND EMPOWERING QTBIPOC YOUTH WITH LIVED EXPERIENCE OF HOMELESSNESS TO THRIVE IN NONPROFIT CAREERS | $120,000 |
Raikes Foundation Seattle, WA PURPOSE: PREVENTION INTERVENTIONS & NATIONAL DISCUSSIONS ON PREVENTING TRACKS ON ENDING AND PREVENTING YOUTH HOMELESSNESS | $70,000 |
Elton John Aids Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |
Nyc Kids Rise Inc Long Island City, NY | $4,984,268 | $4,157,127 |