Palmetto Youth Center
- Assets
- $779.2k
- Revenue
- $645.5k
- Investments
- $0.0
- Employees
- 21
- Location
- Palmetto, FL
- Founding
- 03/1984
- Data as of
- 06/2022
- EIN
- 59-1090377
Organization Overview
Palmetto Youth Center is located in Palmetto, FL. The organization was established in 1984. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Palmetto Youth Center employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmetto Youth Center 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 06/2022, Palmetto Youth Center generated $645.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $754.0k during the year ending 06/2022. 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 PROVIDE A SAFE AND WHOLESOME ENVIRONMENT IN OUR COMMUNITY WHERE ITS MEMBERS, YOUNG AND OLD, CAN LEARN, ACHIEVE AND SUCCEED IN POSITIVE AND PRODUCTIVE WAYS. WE TARGET OUR YOUTH BEFORE THEY ARE INTRODUCED TO DRUGS, CRIMES AND OTHER UNHEALTY LIFESTYLES. WE ATTEMPT TO ESTABLISH A STRONG FOUNDATION OF HIGH MORALS AND VALUES THROUGH PROGRAMS DESIGNED FOR ACADEMIC, ATHLETIC, CULTURAL, RECREATIONAL AND SOCIAL PROFICIENCY.
Describe the Organization's Program Activity:
FOUNDATIONS FOR EXCELLENCE: YOUTHS RECEIVE EDUCATION AND REINFORCEMENT OF THE FUNDAMENTAL SKILLS THAT ARE NECESSARY FOR SUCCESSFUL LIFE-LONG ACADEMIC AND SOCIAL SUCCESSS. FOUNDATIONS FOR EXCELLENCE ALSO PROVIDES BEFORE AND AFTER SCHOOL CARE, AS WELL AS A SUMMER PROGRAM.
BOYS LIFE AFTER SCHOOL TRAINING IS AN ALL-MALE MENTORING PROGRAM TO IMPACT ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS FOR ACADEMIC ACHIEVEMENT, GOAL SETTING AND CAREER PLANNING. THIS PROGRAM WILL MEET ONCE A WEEK FOCUSING ON ORGANIZATION SKILLS PREPARING PARTICIPANTS TO BE SUCCESSFUL AND HAVE A PLAN FOR LIFE AFTER SCHOOL. THE ATHLETIC PROGRAM INCLUDES THE VARIOUS COMPETITIVE ATHLETIC TEAMS AT THE CENTER. WE HAVE THE ELITE OF FLORIDA FOOTBALL/CHEERING (5-16), USSA BASKETBALL FOR GIRLS AND BOYS (10-16). TEAMS ARE FORMULATED BY AGE AND COMPETE AGAINST OTHER YOUTH SERVING ORGANIZATIONS WITHIN THE COUNTY AND OTHER ORGANIZATIONS THROUGHOUT THE STATE. IN THESE PROGRAMS WE SEEK TO IMPROVE A CHILD'S SELF-ESTEEM, CONFIDENCE AND TEAMWORK SKILLS. THESE AT RISK BOYS AND GIRLS ALSO MUST MAINTAIN ACCEPTABLE ACADEMIC GRADES TO REMAIN ELIGIBLE FOR THESE ACTIVITIES. THE FOOTBALL SEASON LASTS FROM AUGUST TO DECEMBER, BASKETBALL FROM DECEMBER TO JULY. THE VOLUNTEERS THAT SERVE AS COACHES AND INSTRUCTORS IN THESE PROGRAMS HAVE TO PASS BACKGROUND CHECKS AND ATTEND COACHES CLINICS TO BECOME CERTIFIED. THE ATHLETIC PROGRAMS OPERATE MONDAY THROUGH FRIDAY 5:00PM TO 8:00PM, AS WELL AS SOME WEEKEND DAYS FROM 8:00AM TO 9:00PM.
HELPING YOUNG PEOPLE EXCEL: HYPE IS AN EVENING PROGRAM THAT PROVIDES A SAFE STRUCTURED ENVIRONMENT WHERE TEENS PARTICIPATE IN INTEREST BASED AND PREVENTION ACTIVITIES INCLUDING LIFE SKILL MANAGEMENT ACTIVITIES, SECONDARY AND POST-SECONDARY EDUCATION OR VOCATIONAL MANAGEMENT ACTIVITIES.
TROJAN READING IMPROVEMENT PROGRAM INCORPORATES REAL LIFE EXPERIENCE WITH TRADITIONAL READING METHODS TO BRING MEANING TO TEXT FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Freida Bellamy Secretary | OfficerTrustee | 2 | $0 |
Rev Charles Newsome Chair | OfficerTrustee | 2 | $0 |
Frankie Craddock Treasurer | OfficerTrustee | 2 | $0 |
Kenyatta Randall Vice Chair | OfficerTrustee | 2 | $0 |
Arthur Wallace Chaplain | Trustee | 2 | $0 |
Ora Murray Parliamentarian | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $42,000 |
| Membership dues | $0 |
| Fundraising events | $104,926 |
| Related organizations | $0 |
| Government grants | $397,668 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,306 |
| Noncash contributions included in lines 1a–1f | $104,926 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $620,900 |
| Total Program Service Revenue | $23,994 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,810 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,082 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $645,522 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $54,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,981 |
| Pension plan accruals and contributions | $3,375 |
| Other employee benefits | $34,268 |
| Payroll taxes | $38,793 |
| 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 | $0 |
| Fees for services: Other | $21,069 |
| Advertising and promotion | $2,640 |
| Office expenses | $30,597 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,469 |
| Travel | $32,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,361 |
| Insurance | $23,440 |
| All other expenses | $0 |
| Total functional expenses | $753,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,740 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,000 |
| Prepaid expenses and deferred charges | $2,000 |
| Net Land, buildings, and equipment | $615,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $779,217 |
| Accounts payable and accrued expenses | $23,770 |
| 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 | $23,770 |
| Net assets without donor restrictions | $755,447 |
| 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 | $779,217 |