Young Aspirations-Young Artists Inc
- Assets
- $2.0m
- Revenue
- $552.6k
- Investments
- $0.0
- Employees
- 19
- Location
- New Orleans, LA
- Founding
- 07/1990
- Data as of
- 12/2022
- EIN
- 72-1132928
Organization Overview
Young Aspirations-Young Artists Inc is located in New Orleans, LA. The organization was established in 1990. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2022, Young Aspirations-Young Artists Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Aspirations-Young Artists 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 12/2022, Young Aspirations-Young Artists Inc generated $552.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $724.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
YAYA (YOUNG ASPIRATIONS YOUNG ARTISTS) EMPOWERS CREATIVE YOUNG PEOPLE THROUGH VISUAL ARTS EDUCATION COMBINED WITH ENTREPRENEURIAL, LEADERSHIP, AND LIFE SKILLS TRAINING. OUR GOAL IS TO EQUIP YOUNG PEOPLE WITH THE SKILLS THEY NEED TO THRIVE AS LEADERS AT SCHOOL AND IN THEIR COMMUNITIES. FOR MORE THAN 30 YEARS, YAYA HAS SERVED AS A CREATIVE COMMUNITY WHERE YOUNG PEOPLE HAVE THE FREEDOM, OPPORTUNITIES, AND RESOURCES TO DISCOVER THEIR PASSIONS AND ARTISTIC VOICES. WE SERVE AS AN INCUBATOR FOR YOUNG TALENT AND HAVE NURTURED GENERATIONS OF CULTURE-BEARERS AND CREATIVE THINKERS WHO ARE NOW PROFESSIONAL ARTISTS, DESIGNERS, TEACHERS, AND LEADERS IN NEW ORLEANS AND ACROSS THE COUNTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YA YA GUILD: PROVIDES VISUAL ARTS AND ENTREPRENEURSHIP TRAINING TO YOUTH AGES 13-25. PARTICIPANTS ARE ENCOURAGED TO PARTICIPATE THROUGHOUT HIGH SCHOOL AND BEYOND AND ARE TRAINED IN A WIDE RANGE OF ARTISTIC MEDIA, WHILE GAINING LEADERSHIP AND LIFE SKILLS TO HELP THEM THRIVE IN THEIR ADULT LIVES, INCLUDING COLLABORATION, PROJECT MANAGEMENT, FINANCIAL LITERACY, MARKETING, PORTFOLIO/RESUME DEVELOPMENT AND CLIENT RELATIONS. THE 40 YAYA GUILD MEMBERS CAN ATTEND THIS FREE PROGRAM EVERY DAY AFTERSCHOOL AND HAVE OPPORTUNITIES TO TRAVEL AND REPRESENT THE ORGANIZATION PUBLICLY
CREATIVE GLASS: YA YA CREATIVE GLASS EDUCATES THE PUBLIC ABOUT GLASS ARTS THROUGH YA YA'S PUBLIC ACCESS GLASS STUDIO. THIS PROGRAM OFFERS FEE-BASED CLASSES, HANDS ON FIELD TRIPS AND DEMONSTRATIONS FOR SCHOOL GROUPS, AND A FREE MONTHLY GLASSBLOWING DEMONSTRATION AND OPEN HOUSE, REACHING NEARLY 545 PEOPLE IN 2022.
COMMUNITY AND FAMILY ARTS: SERVES YOUTH AGES 5-12, AND THEIR FAMILIES WITH FREE AFTERSCHOOL VISUAL ARTS PROGRAMS, WITH AN EMPHASIS ON SOCIAL AND EMOTIONAL LEARNING AND BUILDING POSITIVE COMMUNICATION SKILLS. THIS PROGRAM OPERATES TWO DAYS PER WEEK PLUS MONTHLY FAMILY DAYS AND A FOUR WEEK SUMMER CAMP AND SERVED 582 YOUTH AND THEIR CAREGIVERS IN 2022.
URBAN HEROES: PLACES YA YA GUILD ALUMNI AS TEACHERS AND MENTORS IN SCHOOLS, FOR SCHOOL PROGRAMS HOSTED AT THE YAYA ARTS CENTER, AND AT COMMUNITY EVENTS AND FESTIVALS, SIGNIFICANTLY EXPANDING THE REACH OF YAYA'S VISUAL ARTS PROGRAM AND PROVIDING EMPLOYMENT OPPORTUNITIES FOR OUR ALUMNI ARTISTS. URBAN HEROES PROGRAMS REACHED MORE THAN 200 INDIVIDUALS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Coco President | OfficerTrustee | 2 | $0 |
Lesli Harris Vice President | OfficerTrustee | 1 | $0 |
Glenn Gruber Director | Trustee | 1 | $0 |
Sharika Mahdi Director | Trustee | 1 | $0 |
Mapo Kinnord Director | Trustee | 1 | $0 |
Kelp Littlefield Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $379,154 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,154 |
| Total Program Service Revenue | $72,445 |
| Investment income | $545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,482 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,340 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,340 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $552,561 |
| 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. | $85,260 |
| Compensation of current officers, directors, key employees. | $4,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,719 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,430 |
| Payroll taxes | $28,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $421 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,133 |
| Office expenses | $7,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,246 |
| Travel | $14,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,597 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,571 |
| Insurance | $18,909 |
| All other expenses | $15,876 |
| Total functional expenses | $724,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,675 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $161,274 |
| Accounts receivable, net | $16,347 |
| 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 | $4,379 |
| Net Land, buildings, and equipment | $1,646,254 |
| Investments—publicly traded securities | $46,446 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,922 |
| Total assets | $1,954,297 |
| Accounts payable and accrued expenses | $43,863 |
| 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 | $224,078 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,309 |
| Total liabilities | $287,250 |
| Net assets without donor restrictions | $1,524,547 |
| Net assets with donor restrictions | $142,500 |
| 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 | $1,954,297 |