Cby25 Initiative Inc
- Assets
- $152.1k
- Revenue
- $163.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Lakeland, FL
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 74-3239498
Organization Overview
Cby25 Initiative Inc is located in Lakeland, FL. The organization was established in 2008. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Cby25 Initiative Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cby25 Initiative 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 12/2021, Cby25 Initiative Inc generated $163.2k 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 (10.2%) each year. All expenses for the organization totaled $175.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENSURE THAT FOSTER CARE YOUTH ARE EDUCATED, HOUSED, BANKED, EMPLOYED AND CONNECTED TO A SUPPORT SYSTEM BY AGE 25.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CBY25 INITIATIVE, INC. PROVIDES TECHNICAL ASSISTANCE AND TRAINING TO ORGANIZATIONS THAT SERVE YOUTH IN FOSTER CARE AND/OR THE JUVENILE JUSTICE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Zambito CEO | OfficerTrustee | 40 | $75,000 |
Alvo M Oddis Board Chair | Trustee | 1 | $0 |
Joseph W Clark Board Secret | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $158,201 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,201 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $163,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,910 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation of current officers, directors, key employees. | $11,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,224 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,645 |
| Payroll taxes | $20,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,450 |
| Information technology | $4,035 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,979 |
| All other expenses | $0 |
| Total functional expenses | $175,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,592 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $29,523 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $152,115 |
| Accounts payable and accrued expenses | $3,131 |
| Grants payable | $0 |
| Deferred revenue | $130,244 |
| 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 | $133,375 |
| Net assets without donor restrictions | $18,740 |
| 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 | $152,115 |
Grants Awarded
Over the last fiscal year, Cby25 Initiative Inc has awarded $160,642 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Clearwater, FL PURPOSE: EDUCATION PROGRAM | $106,129 |
Clearwater, FL PURPOSE: REACH FOR THE STARS | $29,513 |
Clearwater, FL PURPOSE: OPPORTUNITY PASSPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cby25 Initiative Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Rays Baseball Foundation Inc St Petersburg, FL PURPOSE: TO SUPPORT YOUTH AND EDUCATION PROGRAMS IN THE TAMPA BAY REGION. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Florida Cares Health System Inc Orlando, FL | $26,850,905 | $93,939,616 |
Family Support Services Of North Florida Inc Jacksonville, FL | $6,700,580 | $67,905,456 |
Metropolitan Charities Inc St Petersburg, FL | $19,170,032 | $35,048,023 |
Kids Wish Network Inc Palm Harbor, FL | $3,451,102 | $12,542,226 |
Sober Living America Inc Woodstock, GA | $3,253,129 | $12,866,607 |
Project Community Connections Inc Snellville, GA | $7,907,860 | $10,954,285 |
Tampa Hillsborough Homeless Initiative Tampa, FL | $4,250,151 | $9,737,223 |
Marion Senior Services Inc Ocala, FL | $7,181,619 | $7,456,492 |
Creative Community Services Inc Norcross, GA | $1,958,708 | $6,893,740 |
Friends Of Disabled Adults And Children Too Inc Stone Mountain, GA | $3,731,936 | $6,098,099 |
Child Guidance Center Inc Jacksonville, FL | $2,247,404 | $6,955,846 |
Barc Housing Inc Sunrise, FL | $1,611,801 | $5,946,940 |