Time Out Youth
- Assets
- $3.9m
- Revenue
- $1.2m
- Investments
- $1.4m
- Employees
- 9
- Location
- Charlotte, NC
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 56-1755564
Organization Overview
Time Out Youth is located in Charlotte, NC. The organization was established in 1993. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Time Out Youth employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Time Out Youth 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, Time Out Youth generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 14.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OFFER SUPPORT, ADVOCACY, AND OPPORTUNITIES FOR PERSONAL DEVELOPMENT AND SOCIAL INTERACTION TO LESBIAN, GAY, BISEXUAL, TRANSGENDER AND QUESTIONING (LGBTQ) YOUTH AGES 11-20.
Describe the Organization's Program Activity:
YOUTH PROGRAMS: PROVIDED 44 ONLINE SUPPORT GROUPS (Q-CHAT) TO LGBTQ YOUTH IN REGION. HOSTED THE ANNUAL CAROLINA CONFERENCE ON QUEER YOUTH REACHING 300 EDUCATORS, YOUTH, AND SOCIAL SERVICE PROVIDERS. PROVIDED 15 YOUTH WITH LEADERSHIP TRAINING THROUGH CREATING CHANGE AND ASPYRE GSA LEADERSHIP CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
O'neale Atkinson IV Deputy Executive Director | Officer | 50 | $73,348 |
Sarah A Mikhail Executive Director | Officer | 50 | $41,592 |
Jessica Chapman Outgoing Secretary | OfficerTrustee | 1 | $0 |
Adam Stegall Secretary | OfficerTrustee | 4 | $0 |
Clif Mathews Vice Chair | OfficerTrustee | 5 | $0 |
Jacob Hamm Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $99,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,036,211 |
| Noncash contributions included in lines 1a–1f | $11,791 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,135,211 |
| Total Program Service Revenue | $14,008 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,200 |
| 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 | $1,161,881 |
| 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. | $127,517 |
| Compensation of current officers, directors, key employees. | $5,473 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,560 |
| Pension plan accruals and contributions | $3,104 |
| Other employee benefits | $47,906 |
| Payroll taxes | $35,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $108,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,907 |
| Advertising and promotion | $8,229 |
| Office expenses | $32,292 |
| Information technology | $3,752 |
| Royalties | $0 |
| Occupancy | $45,225 |
| Travel | $1,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,105 |
| Interest | $21,043 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,679 |
| Insurance | $19,465 |
| All other expenses | $913 |
| Total functional expenses | $1,090,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $875,859 |
| Savings and temporary cash investments | $40,887 |
| Pledges and grants receivable | $276,530 |
| Accounts receivable, net | $25,133 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $386 |
| Prepaid expenses and deferred charges | $16,560 |
| Net Land, buildings, and equipment | $1,250,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,447,421 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,933,541 |
| Accounts payable and accrued expenses | $47,163 |
| Grants payable | $0 |
| Deferred revenue | $38,500 |
| 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 | $563,724 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $649,387 |
| Net assets without donor restrictions | $1,744,958 |
| Net assets with donor restrictions | $1,539,196 |
| 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 | $3,933,541 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Time Out Youth has recieved totaling $399,449.
| Awarding Organization | Amount |
|---|---|
Laughing Gull Foundation Durham, NC PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $62,693 |
Centerlink Inc Fort Lauderdale, FL PURPOSE: BUILD A NATIONALLY ACCESSIBLE, MONITORED DIGITAL CHAT SUPPORT GROUP FOR LGBTQ+ YOUTH. THIS INCLUDES: * OPERATING REAL-TIME FACILITATED ONLINE SUPPORT GROUPS FOR LGBTQ+ YOUTH;** PROVIDING ACCESS TO ESSENTIAL RESOURCES SUCH AS SEXUAL HEALTH INFORMATION AND LINKS TO OTHER ORGANIZATIONS' WEBSITES. | $60,000 |
United Way Of Greater Charlotte Charlotte, NC PURPOSE: PROGRAM OPERATING COSTS; DONOR DESIGNATED 3RD PARTY FOR PROGRAM OPERATING COSTS | $51,940 |
Carolinas Care Partnership Charlotte, NC PURPOSE: For housing information services | $28,690 |
Freeman Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
Artists In Christian Testimony Brentwood, TN | $4,393,846 | $10,064,345 |
South Carolina Christian Foundation Spartanburg, SC | $40,412,678 | $17,223,785 |
Acca Inc Annandale Christian Community For Action Annandale, VA | $4,445,077 | $8,164,971 |