Latin American Youth Center Inc
- Assets
- $11.6m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 360
- Location
- Washington, DC
- Founding
- 06/1975
- Data as of
- 09/2023
- EIN
- 52-1023074
Organization Overview
Latin American Youth Center Inc is located in Washington, DC. The organization was established in 1975. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 09/2023, Latin American Youth Center Inc employed 360 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latin American Youth Center 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 09/2023, Latin American Youth Center Inc generated $18.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $19.7m during the year ending 09/2023. While expenses have increased by 2.5% per year over the past 8 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
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
LAYC MARYLAND MULTICULTURAL YOUTH CENTERS (LAYC-MMYC): LAYC-MMYC IS THE ORGANIZATIONAL DIVISION THAT SERVES MONTGOMERY AND PRINCE GEORGE'S COUNTIES IN MARYLAND. PROGRAMS INCLUDE AFTER-SCHOOL AND SCHOOL-BASED ACADEMIC ENRICHMENT AND MENTORING PROGRAMS AS WELL AS EMPLOYMENT TRAINING AND GED PREPARATION PROGRAMS AND FAMILY REUNIFICATION SUPPORT SERVICES.
HOUSING: BILINGUAL AND CULTURALLY SENSITIVE RESIDENTIAL SERVICES WITH THE GOAL OF REDUCING HOMELESSNESS. PROGRAMS INCLUDE INDEPENDENT APARTMENTS AND FAMILY-BASED PLACEMENTS SPECIALIZING IN YOUNG PEOPLE WHO ARE PREGNANT OR PARENTING, IDENTIFY AS LGBTQ, ARE RECENT IMMIGRANTS, OR ARE CURRENTLY IN OR EXITING FOSTER CARE.
PROMOTORES & OTHERS: LAYC'S PROMOTOR PATHWAY IS A LONG-TERM CLIENT MANAGEMENT INTERVENTION MODEL FOR DISCONNECTED AND DISENGAGED YOUTH FACING MULTIPLE OBSTACLES THAT PREVENT THEM FROM ACCESSING RESOURCES AND ACHIEVING EDUCATIONAL, EMPLOYMENT, AND HEALTHY LIVING GOALS. PROMOTORES SUPPORT YOUTH THROUGH "SMALL WINS AND PROVIDE CRISIS INTERVENTION IN ORDER TO REMOVE OBSTACLES AND ENGAGE YOUTH IN A BROAD SET OF PROGRAMS AND SERVICES IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Brand Chair | OfficerTrustee | 1 | $0 |
Yvonna Stevens Vice Chair | OfficerTrustee | 1 | $0 |
Adam Spiegel Treasurer | OfficerTrustee | 1 | $0 |
Shari Thomas Secretary | OfficerTrustee | 1 | $0 |
Jaliel Amador Board Member | Trustee | 1 | $0 |
Elizabeth Burrell Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Horning Brothers Leased Apartments Housing | 9/29/23 | $626,802 |
Identity Inc Subrecipient On Programming Contract | 9/29/23 | $393,499 |
Selma Apartments Llc Leased Apartments Housing | 9/29/23 | $176,580 |
Fountain Club Llc Leased Apartments Housing | 9/29/23 | $139,860 |
University Of Md College Park Subrecipient On Programming Contract | 9/29/23 | $111,998 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $661,557 |
| Related organizations | $0 |
| Government grants | $15,655,268 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,121,268 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,438,093 |
| Total Program Service Revenue | $0 |
| Investment income | $83,427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,682 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$207,141 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,164 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,548,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $381,361 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $492,578 |
| Compensation of current officers, directors, key employees. | $441,142 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,051,497 |
| Pension plan accruals and contributions | $417,444 |
| Other employee benefits | $560,230 |
| Payroll taxes | $1,016,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $352 |
| Fees for services: Accounting | $66,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,369 |
| Fees for services: Other | $1,117,603 |
| Advertising and promotion | $13,282 |
| Office expenses | $495,916 |
| Information technology | $41,700 |
| Royalties | $0 |
| Occupancy | $414,850 |
| Travel | $106,695 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,494 |
| Interest | $232,784 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $256,619 |
| Insurance | $199,645 |
| All other expenses | $609,339 |
| Total functional expenses | $19,667,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,180,495 |
| Savings and temporary cash investments | $499,636 |
| Pledges and grants receivable | $3,573,498 |
| Accounts receivable, net | $99,579 |
| 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 | $93,853 |
| Net Land, buildings, and equipment | $2,840,659 |
| Investments—publicly traded securities | $1,680,626 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,624,822 |
| Total assets | $11,593,168 |
| Accounts payable and accrued expenses | $2,137,929 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,011 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,025,282 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,152,267 |
| Total liabilities | $9,320,489 |
| Net assets without donor restrictions | $1,680,638 |
| Net assets with donor restrictions | $592,041 |
| 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 | $11,593,168 |