Time Out Youth
- Assets
- $3.4m
- Revenue
- $950.5k
- Investments
- $1.3m
- Employees
- 15
- Location
- Charlotte, NC
- Founding
- 08/1993
- Data as of
- 12/2022
- 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 12/2022, Time Out Youth employed 15 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 12/2022, Time Out Youth generated $950.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 15.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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: SERVED A TOTAL OF 1,821 UNDUPLICATED YOUTH THROUGH DROP-IN SPACE, VIRTUAL SPACE, AND YOUTH FACING EVENTS. 178 NEW YOUTH JOINED TIME OUT YOUTH'S DISCORD SERVER, AND 206 YOUTH RECEIVED SUPPORT THROGUH THE ORGANIZATION'S QCHAT PLATFORM. OVER 2,000 EDUCATORS AND ADMINISTRATORS RECEIVED TRAINING ON PROVIDING SAFE SPACES FOR LGBTQ YOUTH.
FREE THERAPY: 80 YOUTH RECEIVED 1,712 COUNSELING SESSIONS. IN ADDITION, CLINICAL STAFF LED MENTAL HEALTH DISCUSSIONS VIRTUALLY, AND PROVIDED LINKAGE TO CRISIS RESOURCES THROUGHOUT THE YEAR.
HOUSING & SUPPORTIVE SERVICES: 202 LGBTQ YOUTH ACCESSED HOUSING CASE MANAGEMENT SERVICES, AND 39 YOUTH FOUND STABLE HOUSING. 168 YOUTH ACCESSED TIME OUT YOUTH'S FREE FOOD PANTRY, AND THE LIFE ESSENTIALS CLOSET WAS ACCESSED 255 TIMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Mikhail Executive Dir. | Officer | 40 | $115,000 |
Clif Matthews Chairman | OfficerTrustee | 5 | $0 |
Priya Phillips Vice Chair | OfficerTrustee | 4 | $0 |
Kathy Gianuzzi Treasurer | OfficerTrustee | 4 | $0 |
Jason Ely Secretary | OfficerTrustee | 4 | $0 |
Alan Chua Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $238,710 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $792,735 |
| Noncash contributions included in lines 1a–1f | $2,649 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,031,445 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$88,742 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $950,506 |
| 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. | $125,230 |
| Compensation of current officers, directors, key employees. | $15,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $590,133 |
| Pension plan accruals and contributions | $18,093 |
| Other employee benefits | $69,770 |
| Payroll taxes | $47,843 |
| Fees for services: Management | $0 |
| 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 | $10,875 |
| Fees for services: Other | $104,997 |
| Advertising and promotion | $4,429 |
| Office expenses | $37,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,165 |
| Travel | $5,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,661 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,865 |
| Insurance | $4,732 |
| All other expenses | $26,672 |
| Total functional expenses | $1,321,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $546,100 |
| Savings and temporary cash investments | $40,897 |
| Pledges and grants receivable | $148,772 |
| Accounts receivable, net | $61,929 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $183 |
| Prepaid expenses and deferred charges | $18,752 |
| Net Land, buildings, and equipment | $1,266,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,322,004 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,117 |
| Total assets | $3,408,812 |
| Accounts payable and accrued expenses | $59,693 |
| 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 | $535,172 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $594,865 |
| Net assets without donor restrictions | $1,524,310 |
| Net assets with donor restrictions | $1,289,637 |
| 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 | $3,408,812 |