Point Source Youth Inc
- Assets
- $7.1m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 28
- Location
- Ney York, NY
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-3748007
Organization Overview
Point Source Youth Inc is located in Ney 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 12/2023, Point Source Youth Inc employed 28 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 12/2023, Point Source Youth Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $6.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Point Source Youth Inc has awarded 16 individual grants totaling $1,269,997. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 - DIRECT CASH TRANSFERS WITH SERVICES FOR A HOUSING OUTCOME, DIRECT CASH TRANSFERS AS PREVENTION, , HOST HOMES, AND RAPID RE-HOUSING - TOINCREASE HOUSING OPTIONS FOR YOUTH AND TO END YOUTH HOMELESSNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Langtiw President | OfficerTrustee | 4 | $0 |
Ana Oliveria Vice President | OfficerTrustee | 4 | $0 |
Eric Enderlin Treasurer | OfficerTrustee | 4 | $0 |
Justin Smith Secretary | OfficerTrustee | 4 | $0 |
John Kimble Board Member | Trustee | 4 | $0 |
Ronald Johnson Board Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emory Conference Center Conference Venue | 12/30/23 | $138,052 |
Mjm Strategies Llc Administrative/fundraising Support | 12/30/23 | $104,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $369,697 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,426,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,796,316 |
| Total Program Service Revenue | $699,697 |
| Investment income | $41,688 |
| 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 | $6,537,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,065,000 |
| 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. | $652,271 |
| Compensation of current officers, directors, key employees. | $134,989 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,035,527 |
| Pension plan accruals and contributions | $64,919 |
| Other employee benefits | $418,754 |
| Payroll taxes | $212,922 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $117,136 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $394,950 |
| Advertising and promotion | $74,588 |
| Office expenses | $38,220 |
| Information technology | $75,928 |
| Royalties | $0 |
| Occupancy | $38,600 |
| Travel | $440,535 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $467,037 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $577 |
| Insurance | $22,166 |
| All other expenses | $18,669 |
| Total functional expenses | $6,589,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,517,020 |
| Savings and temporary cash investments | $3,951 |
| Pledges and grants receivable | $1,500,206 |
| Accounts receivable, net | $1,410,718 |
| 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 | $29,942 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,661,906 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,387 |
| Total assets | $7,129,130 |
| Accounts payable and accrued expenses | $1,071,816 |
| 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 | $1,071,816 |
| Net assets without donor restrictions | $2,143,026 |
| Net assets with donor restrictions | $3,914,288 |
| 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 | $7,129,130 |
Grants Awarded
Over the last fiscal year, Point Source Youth Inc has awarded $1,065,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AYA YOUTH COLLECTIVE PURPOSE: SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF THE DIRECT CASH TRANSFERS AS PREVENTION | $155,000 |
HENRY STREET SETTLEMENT PURPOSE: SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF THE DIRECT CASH TRANSFERS AS PREVENTION | $222,500 |
LIFEWORKS AUSTIN PURPOSE: SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF THE DIRECT CASH TRANSFERS AS PREVENTION | $155,000 |
YESS (YOUTH EMPOWERMENT) PURPOSE: SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF THE DIRECT CASH TRANSFERS AS PREVENTION | $155,000 |
YOUTH ON THEIR OWN PURPOSE: SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF THE DIRECT CASH TRANSFERS AS PREVENTION | $155,000 |
THE DOOR PURPOSE: SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF THE DIRECT CASH TRANSFERS AS PREVENTION | $222,500 |