Youth Entrepreneurs Inc
- Assets
- $8.4m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 42
- Location
- Wichita, KS
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 48-1187886
Organization Overview
Youth Entrepreneurs Inc, operating under the name Empowered, is located in Wichita, KS. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Empowered employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Empowered 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, Empowered generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $8.4m during the year ending 12/2021. While expenses have increased by 17.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERED IS A COMMUNITY OF TEACHERS RALLIED AROUND A GROWTH MINDSET, DEDICATED TO THEIR CLASSROOMS, SEE SCHEDULE O FOR CONTINUATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOLLOWING MANY MONTHS OF DILIGENT WORK AND PLANNING, THE ORGANIZATION LAUNCHED AS EMPOWERED IN MARCH 2021. THE STAFF UNDERWENT INTERNAL TRAINING TO BUILD CONFIDENCE AND KNOWLEDGE AROUND THE NEW BRANDING AND CONNECTING IT TO OUR HISTORY AS YOUTH ENTREPRENEURS. THE VISION OF EMPOWERED IS TO BUILD A COMMUNITY OF TEACHERS RALLIED AROUND A GROWTH MINDSET WHO DEDICATE THEIR CAREERS TO MODELING THAT MINDSET AND BUILDING THEIR CLASSROOMS TO ENSURE STUDENTS CAN DISCOVER, DEVELOP, AND APPLY THEIR INNATE ABILITIES, FOSTERING SUPPORT FOR INDIVIDUALIZED APPROACHES TO EDUCATION. SEE SCHEDULE O FOR CONTINUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kylie Stupka President | Officer | 40 | $290,069 |
Tracey Andrist Assistant Treasurer | Officer | 40 | $199,288 |
Sandy Marek Exec. Dir., Strategic Ptnrshps | 40 | $198,217 | |
Lindsay Schroeder Chief Operating Officer | 40 | $152,674 | |
Ashley Ho Vp, Research And Marketing | 40 | $142,874 | |
Dale Gibbens Director/vice Chairman | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Your Modus Llc - Crane Grey Llc Marketing Services | 12/30/21 | $1,302,879 |
Epic Event Pros Llc Event Planning | 12/30/21 | $160,499 |
Productive Edge Llc Software Development | 12/30/21 | $1,358,363 |
Arkus Inc Software Consulting | 12/30/21 | $144,413 |
Relevant Audio Visual Inc Audio/visual Service | 12/30/21 | $105,535 |
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 | $6,228,221 |
| Noncash contributions included in lines 1a–1f | $254,196 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,228,221 |
| Total Program Service Revenue | $8,625 |
| Investment income | $108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,007 |
| Net Gain/Loss on Asset Sales | $8,146 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,293,107 |
| 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. | $512,096 |
| Compensation of current officers, directors, key employees. | $148,592 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,884,685 |
| Pension plan accruals and contributions | $157,755 |
| Other employee benefits | $12,029 |
| Payroll taxes | $246,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $847 |
| Fees for services: Accounting | $36,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,063,457 |
| Advertising and promotion | $26,500 |
| Office expenses | $691,819 |
| Information technology | $617,278 |
| Royalties | $0 |
| Occupancy | $44,583 |
| Travel | $472,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,793 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $404,585 |
| Insurance | $15,111 |
| All other expenses | $57,953 |
| Total functional expenses | $8,371,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,352,348 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,551 |
| Accounts receivable, net | $368,186 |
| 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 | $318,757 |
| Net Land, buildings, and equipment | $2,319,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,370,922 |
| Accounts payable and accrued expenses | $1,285,464 |
| Grants payable | $0 |
| Deferred revenue | $5,089 |
| 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 | $1,290,553 |
| Net assets without donor restrictions | $6,306,566 |
| Net assets with donor restrictions | $773,803 |
| 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 | $8,370,922 |
Grants Awarded
Over the last fiscal year, Youth Entrepreneurs Inc has awarded $115,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Jackson, MS PURPOSE: INNOVATION | $25,000 |
Hastingsonhudson, NY PURPOSE: INNOVATION | $25,000 |
CODESPEAK LABS LLC PURPOSE: INNOVATION | $25,000 |
Los Angeles, CA PURPOSE: INNOVATION | $20,000 |
TOGETHER FRIENDS ORGANIZATION INC PURPOSE: INNOVATION | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Youth Entrepreneurs Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Berry Foundation Inc Wichita, KS PURPOSE: ANNUAL GIFT | $1,000 |
Jim & Pam Caplinger Jr Family Foundation Topeka, KS PURPOSE: GENERAL OPERATIONS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Collective For Youth Omaha, NE | $16,344,773 | $14,408,697 |
Youth Entrepreneurs Inc Wichita, KS | $8,370,922 | $6,293,107 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
Communities In Schools Of Mid-America Inc Lawrence, KS | $5,926,043 | $10,689,088 |
Colorado High School Activities Association Aurora, CO | $4,647,577 | $4,396,075 |
Avenue Scholars Foundation Omaha, NE | $2,155,096 | $4,937,256 |
Kauffman Scholars Inc Kansas City, MO | $2,305,850 | $5,242,341 |