Youthbuild Newark
- Assets
- $7.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Newark, NJ
- Founding
- 02/2006
- Data as of
- 06/2022
- EIN
- 75-3187358
Organization Overview
Youthbuild Newark is located in Newark, NJ. The organization was established in 2006. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Youthbuild Newark employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youthbuild Newark 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, Youthbuild Newark generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $4.6m during the year ending 06/2022. While expenses have increased by 7.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HARNESS THE INTELLIGENCE AND POSITIVE ENERGY OF LOW-INCOME YOUNG PEOPLE TO REBUILD THEIR COMMUNITY AND THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTHBUILD NEWARK OFFERS YOUNG PEOPLE - AGES 16-24 YEARS OLD - AN OPPORTUNITY TO EARN A HSE (HIGH SCHOOL EQUIVALENCY DIPLOMA) WHILE GAINING ON THE JOB TRAINING FOR IN DEMAND CAREERS. THROUGH THE YOUTHBUILD PROCESS YOUNG PEOPLE CAN CHART A NEW PATH TO SUCCESS SURROUNDED BY A SUPPORTIVE COMMUNITY COMMITTED TO DEVELOPING SKILLED LEADERS FOR THE LOCAL WORKFORCE. YOUTHBUILD CORE ELEMENTS INCLUDE LEADERSHIP DEVELOPMENT, CONSTRUCTION AND OTHER CAREER PATHWAYS, SUPPORT SERVICES, ALUMNI SUCCESS, AND EDUCATION.
CONSTRUCTION AND OTHER CAREER PATHWAY - YOUTHBUILD CONSTRUCTION PROGRAM IS DESIGNED TO HELP YOUNG PEOPLE COMPLETE THEIR EDUCATION, LEARN JOB SKILLS., DEVELOP LEADERSHIP ABILITIES, AND CONTRIBUTE TO THEIR COMMUNITIES.
WORKFORCE DEVELOPMENT - SERVICES ARE AVAILABLE TO YOUTH AGED 16-24. PROGRAMMATIC OBJECTIVES INCLUDE: RE-ENGAGING STUDENTS WHO HAVE DROPPED OUT OF SCHOOL AND/OR WHO'S LEVEL OF DISENGAGEMENT MAKE THEM HIGHLY AT-RISK FOR ACADEMIC AND SOCIAL FAILURE, PROVIDING WORKFORCE SKILLS AND VOCATIONAL TRAINING, AND PRIORITIZING COMMUNITY SERVICE AS A MEANS TO ACHEIVE COMMUNITY REVITALIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Clark CEO | Officer | 35 | $250,000 |
Jasmin Forman-Joseph Chief Prog.officer | 35 | $126,999 | |
Dowayne Davis COO | Officer | 35 | $89,062 |
Leonard Murray Board President | OfficerTrustee | 1 | $0 |
Dirk Caldwell Treasurer | OfficerTrustee | 1 | $0 |
Craig Drinkard Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smith Boys Home Improvements Llc Construction | 6/29/22 | $182,650 |
Desire & Company Accounting Service | 6/29/22 | $110,075 |
Glotrac Building Construction | 6/29/22 | $158,755 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $538,786 |
| All other contributions, gifts, grants, and similar amounts not included above | $663,266 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,202,052 |
| Total Program Service Revenue | $1,953,280 |
| 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 | $3,155,332 |
| 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. | $441,663 |
| Compensation of current officers, directors, key employees. | $145,765 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $946,547 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $244,923 |
| Payroll taxes | $120,434 |
| Fees for services: Management | $30,376 |
| Fees for services: Legal | $10,654 |
| Fees for services: Accounting | $41,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,021,362 |
| Advertising and promotion | $0 |
| Office expenses | $355,750 |
| Information technology | $74,879 |
| Royalties | $0 |
| Occupancy | $843,791 |
| Travel | $135,179 |
| 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 | $132,166 |
| Insurance | $57,873 |
| All other expenses | $0 |
| Total functional expenses | $4,606,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,455,202 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $854,646 |
| 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 | $12,473 |
| Net Land, buildings, and equipment | $4,725,492 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,943 |
| Total assets | $7,127,756 |
| Accounts payable and accrued expenses | $236,038 |
| Grants payable | $0 |
| Deferred revenue | $21,626 |
| 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 | $4,132,526 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,390,190 |
| Net assets without donor restrictions | $1,249,080 |
| Net assets with donor restrictions | $1,488,486 |
| 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 | $7,127,756 |