Young Americas Business Trust
- Assets
- $34.0k
- Revenue
- $493.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington DC, DC
- Founding
- 11/1999
- Data as of
- 12/2023
- EIN
- 52-2181052
Organization Overview
Young Americas Business Trust is located in Washington DC, DC. The organization was established in 1999. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, 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. Young Americas Business Trust 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, Young Americas Business Trust generated $493.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $633.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 9 years. 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
THE YOUNG AMERICAS BUSINESS TRUST (YABT) WAS ESTABLISHED TO PROMOTE SOCIAL AND ECONOMIC DEVELOPMENT IN THE WESTERN HEMISPHERE AND ELSEWHERE THROUGH PROGRAMS, PROJECTS, AND ACTIVITIES FOCUSED ON: HELPING TO CREATE AND ADVANCE EFFORTS TO IMPROVE THE QUALITY OF LIFE OF YOUTH AND YOUNG ADULTS, ESPECIALLY THOSE LIVING IN OR NEAR POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAS COMPETITIVENESS FORUM: HEMISPHERIC PROGRAM THAT PROMOTE THE DEVELOPMENT OF POLICIES TO SUPPORT INNOVATION, COMPETITIVENESS AND ENTREPRENEURSHIP IN PARTNERSHIP WITH THE ORGANIZATION OF THE AMERICAN STATES VIA THE DEPARTMENT OF ECONOMIC DEVELOPMENT OF THE EXECUTIVE SECRETARIAT OF INTEGRAL DEVELOPMENT.
INNOVACTION CHALLENGE: HEMISPHERIC PROGRAM THAT SUPPORTS CLIMATE ACTION THROUGH ENTREPRENEURSHIP AND INNOVATION IN PARTNERSHIP WITH THE INTER AMERICAN FOUNDATION. ITS MAIN OBJECTIVE IS TO WORK WITH YOUNG PEOPLE TO DEVELOP INITIATIVES THAT HELD THE REDUCTION OF GREENHOUSES GASES AND MITIGATE THE IMPACT OF CLIMATE CHANGE.
INTERNATIONAL ORGANIZATION FOR MIGRATION: SUBREGIONAL PROGRAM THAT FOCUS ON SUPPORTING THE SOCIAL AND ECONOMIC INTEGRATION OF YOUTH MIGRANTS, REFUGEES AND DISPLACED FROM VENEZUELA IN PERU, ECUADOR AND THE DOMINICAN REPUBLIC, IN PARTNERSHIP WITH USA FOR IOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs Georgina Nunez Vice Chair | Trustee | 1 | $0 |
H E Denis Antoine Director | Trustee | 0.5 | $0 |
Mr Francis Mcbarnette Secretary | Trustee | 0.5 | $0 |
H E Jacinth Henry Martin Director | Trustee | 0.5 | $0 |
Ms Yadira Soto Vice Chair | Trustee | 1 | $0 |
Glynis Long Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $158,898 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,883 |
| Noncash contributions included in lines 1a–1f | $240,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $493,781 |
| Total Program Service Revenue | $0 |
| Investment income | $38 |
| 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 | $493,819 |
| 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 | $20,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $321,531 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,710 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,204 |
| Information technology | $9,843 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,313 |
| Interest | $2,218 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $633,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,621 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1,621 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,000 |
| Accounts payable and accrued expenses | $173,379 |
| 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 | $173,379 |
| Net assets without donor restrictions | -$139,379 |
| Net assets with donor restrictions | $0 |
| 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 | $34,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Business Leaders Of America- Inc Reston, VA | $9,405,498 | $5,211,463 |
Core Inc Washington, DC | $3,163,854 | $3,673,230 |
Youth Venture Inc Arlington, VA | $1,773,071 | $2,890,879 |
Students Of Georgetown Inc Washington, DC | $2,079,364 | $2,001,188 |
Envisionleadgrow Inc Norfolk, VA | $202,128 | $829,232 |
Young Americas Business Trust Washington DC, DC | $34,000 | $493,819 |
Edtunity Institute Inc Norfolk, VA | $47,299 | $413,796 |
The Uhuru Foundation Richmond, VA | $12,408 | $0 |
Cybertruck Challenge Pasadena, MD | $74,900 | $199,505 |
National Association For Kidpreneurs Washington, DC | $0 | $137,334 |
Young Investors Group Norfolk, VA | $28,161 | $0 |
North East Neighborhood Association Harrisonburg, VA | $836,084 | $239,254 |
Empyreal Foundation Inc Highland, MD | $28,765 | $30,000 |
Baileymadeit Foundation Bowie, MD | $22,104 | $5,000 |
Ownership Is The Future Inc Washington, DC | $0 | $0 |
Scs Sustainable Community Solutions Inc Baltimore, MD | $0 | $0 |