Empowered Youth Inc
- Assets
- $35.1k
- Revenue
- $295.5k
- Investments
- $0.0
- Employees
- 28
- Location
- Miami, FL
- Founding
- 02/2004
- Data as of
- 12/2021
- EIN
- 75-3128668
Organization Overview
Empowered Youth Inc is located in Miami, FL. The organization was established in 2004. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2021, Empowered Youth Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Empowered Youth 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, Empowered Youth Inc generated $295.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $253.8k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BREAK THE CYCLE OF TEENS WHO ARE OR HAVE BEEN IN THE JUVENILE DETENTION CENTER BY EMPOWERING THEM TO CREATE A LASTING TRANSFORMATION AND A POSITIVE LIFE FOR THEMSELVES AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPOWERED YOUTH'S MAIN GOAL IS GETTING THE EMPOWERED YOUTH CAFE/FOOD TRUCK INCUBATOR PROGRAM RUNNING SUCCESSFULLY. THE CAFE/FOOD TRUCK OPERATES AS A TRAINING/JOB DEVELOPMENT PROGRAM FOR STUDENTS AND GRADUATES SO THEY CAN GET HANDS-ON EXPERIENCE THAT WILL LEAD THEM TO EXPANDING THE FRANCHISE AND LAUNCHING A VIBE 305 FRANCHISE AT THE END OF THEIR TRAINING THAT WILL THEN TRAIN AND EMPLOY MORE INNER-CITY YOUTHS NATIONWIDE. THE TRAINING PERIOD GIVES THE TIME, EXPOSURE AND DISCIPLINE TO PERFECT THEIR MANAGEMENT AND COOKING SKILLS UNDER THE SUPERVISION OF EXPERTS IN THE RESTAURANT AND FOOD TRUCK INDUSTRIES. THE ULTIMATE GOAL IS FOR THE YOUNG MEN AND WOMEN TO CREATE A VIBE 305 CAFE TRUCK FRANCHISE AND SHARE IN THE NET PROFITS OF THAT ACTIVITY AND TO GIVE THEM A SUSTAINABLE FUTURE TO KEEP THE CYCLE OF PROSPERITY MOVING FORWARD.
SEE ABOVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Valdes Director | Trustee | $0 | |
Colleen Adams Executive Di | Officer | 50 | $0 |
Jerry Fickel CFO | Officer | 50 | $0 |
Sophia Montenegro Chair Of The | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $184,384 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,384 |
| Total Program Service Revenue | $50,253 |
| Investment income | $0 |
| 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 | $295,471 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,762 |
| Advertising and promotion | $14,136 |
| Office expenses | $1,279 |
| Information technology | $3,556 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,084 |
| Interest | $2,092 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,868 |
| Insurance | $15,508 |
| All other expenses | $24,194 |
| Total functional expenses | $253,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,314 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $28,825 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,139 |
| Accounts payable and accrued expenses | $0 |
| 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 | $17,920 |
| Total liabilities | $17,920 |
| Net assets without donor restrictions | $17,219 |
| 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 | $35,139 |