Young Americans Education Foundation
- Assets
- $20.2m
- Revenue
- $3.6m
- Investments
- $9.1m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 11/1988
- Data as of
- 12/2021
- EIN
- 74-2513428
Organization Overview
Young Americans Education Foundation is located in Denver, CO. The organization was established in 1988. 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 Americans Education Foundation 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, Young Americans Education Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 8.8% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BANK PROVIDES YOUTH FINANCIAL EDUCATION THROUGH HANDS-ON EXPERIENCE IN YOUNG AMERICANS BANK - THE FOUNDATION PROVIDES OVERSIGHT FOR AND IS ACTIVELY INVOLVED IN THE ACTIVITIES OF ITS YOUTH-ONLY BANK SUBSIDIARY, WHICH REACHES YOUTH UNDER THE AGE OF 22 WITH FINANCIAL EDUCATION THROUGH HANDS-ON BANK PRODUCTS AND RELATED CLASSES, AND ACTIVITIES. THE BANK REACHED OVER 18,670 PARTICIPANTS IN 2021. THE FOUNDATION'S EXPENSES UNDER THIS ACTIVITY TOTALED $2,315,278 INCLUDING A DIRECT GRANT OF $1,840,000.
YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION AND ITS RELATED YOUTH FINANCIAL EDUCATION PROGRAMS - THE FOUNDATION PROVIDES OVERSIGHT AND COORDINATION FOR ITS PROGRAM AFFILIATE, YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION. THIS PROGRAM-DELIVERY AFFILIATE REACHED OVER 14,650 YOUTH IN 2021. THE FOUNDATION ALSO PROVIDES OVERSIGHT FOR THE YOUTH ADVISORY BOARD WHICH PROVIDES A CURRICULUM ADVISORY ROLE, YOUTH FEEDBACK AND EXPERTISE TO ASSIST THE ORGANIZATION IN DELIVERING FINANCIAL EDUCATIONAL PROGRAMS FOR YOUTH.THE FOUNDATION'S EXPENSES UNDER THIS ACTIVITY TOTALED $938,156 INCLUDING A DIRECT GRANT OF $373,807.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Martinez Jr President & CEO | 17.94 | $118,175 | |
Lauren Brozinski Controller & Treasurer | 13.58 | $35,571 | |
Sue Euser VP Of Human Resources & Secretary | 5.33 | $14,371 | |
Angela Petrucci Director | 0.9 | $0 | |
Christopher Hill Director | 0.9 | $0 | |
Bud Hollenkamp Director | 0.9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,827,543 |
| Interest on Savings | $0 |
| Dividends & Interest | $132,300 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $465,505 |
| Capital Gain Net Income | $465,505 |
| Net ST Capital Gain | $9,101 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $171,671 |
| Total Revenue | $3,597,019 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $168,117 |
| Other employee salaries and wages | $46,746 |
| Pension plans, employee benefits | $59,303 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $398,622 |
| Occupancy | $469,820 |
| Travel, conferences, and meetings | $2,119 |
| Printing and publications | $1,997 |
| Other expenses | $116,342 |
| Total operating and administrative expenses | $1,355,624 |
| Contributions, gifts, grants paid | $2,213,807 |
| Total expenses and disbursements | $3,569,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,705 |
| Savings and temporary cash investments | $67,500 |
| Net Accounts receivable | $100,358 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,573 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,056,762 |
| Net Land, buildings, and equipment | $9,329,427 |
| Other assets | $1,034,442 |
| Total assets | $20,202,767 |
| Accounts payable and accrued expenses | $205,110 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $282,025 |
| Total liabilities | $487,135 |
Grants Awarded
Over the last fiscal year, Young Americans Education Foundation has awarded $2,213,807 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG AMERICANS BANK PURPOSE: GRANT FOR OPERATIONS | $1,840,000 |
Denver, CO PURPOSE: GRANT FOR OPERATIONS | $373,807 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Young Americans Education Foundation has recieved totaling $5,036,736.
| Awarding Organization | Amount |
|---|---|
Daniels Fund Denver, CO PURPOSE: 2022 OPERATING SUPPORT | $2,562,986 |
Daniels Fund Denver, CO PURPOSE: 2021 OPERATING SUPPORT | $770,000 |
Daniels Fund Denver, CO PURPOSE: 2021 OPERATING SUPPORT | $565,000 |
Daniels Fund Denver, CO PURPOSE: 2021 OPERATING SUPPORT | $565,000 |
Daniels Fund Denver, CO PURPOSE: 2021 OPERATING SUPPORT | $563,750 |
Jjp Family Foundation Inc Denver, CO PURPOSE: NO RESTRICTIONS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Women And Information Technology Boulder, CO | $16,602,508 | $6,944,412 |
Tucson Youth Development Inc Tucson, AZ | $5,641,568 | $6,561,582 |
Young Americans Education Foundation Denver, CO | $20,202,767 | $3,597,019 |
Spy Hop Productions Inc Salt Lake City, UT | $15,765,007 | $3,010,867 |
Junior Achievement Of Lincoln Inc Lincoln, NE | $347,207 | $674,807 |
Kiddie Hawk Air Academy Littleton, CO | $1,126,122 | $694,248 |
Cybertruck Challenge Fort Collins, CO | $127,995 | $0 |
Sherman Entrepreneurship Foundation Cherry Hills Village, CO | $120,811 | $0 |
Development Of Altering Futures Inc Queen Creek, AZ | $2,198 | $0 |
Nmotion Inc Lincoln, NE | $87,307 | $10,097 |
Sandy Area Chamber Young Entrepreneurs Academy Sandy, UT | $27,886 | $0 |
Entrepreneur Nation Inc Colorado Springs, CO | $6,110 | $0 |