Youth Financial Literacy Foundation

Organization Overview

Youth Financial Literacy Foundation is located in Farmington Hills, MI. The organization was established in 2003. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Youth Financial Literacy Foundation employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Financial Literacy 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, Youth Financial Literacy Foundation generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $7.8m during the year ending 12/2021. While expenses have increased by 24.5% 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.

Since 2014, Youth Financial Literacy Foundation has awarded 69 individual grants totaling $867,362. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE FINANCIAL LITERACY

Describe the Organization's Program Activity:

Part 3 - Line 4a

MONEY MANAGEMENT EDUCATION/CERTIFICATION PROGRAM


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Board, Officers & Key Employees

Name (title)Compensation
Rohil Ratanpara
VP - Technology
$544,770
Patricia Karas
Program Manager
$417,150
Michael Curry
President & Treasurer
$0
Steve Cojei
Secretary
$0
Michael Scullen
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Express Employment
Staffing Agency
$1,053,215
Aerotek
Staffing Agency
$798,024
View All Vendors

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$1,135
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,135
Total Program Service Revenue$6,959,102
Investment income $801
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 $6,961,038

Grants Awarded

Over the last fiscal year, Youth Financial Literacy Foundation has awarded $444,837 in support to 28 organizations.

Grant RecipientAmount

TEMPLE UNIVERSITY

Org PageRecipient Profile

Philadelphia, PA

PURPOSE: SCHOLARSHIP

$32,500

NC A&T STATE UNIV

PURPOSE: SCHOLARSHIP

$32,500

HOWARD UNIVERSITY

Org PageRecipient Profile

Washington, DC

PURPOSE: SCHOLARSHIP

$30,000

CLARK ATLANTA UNIV

Org PageRecipient Profile

Atlanta, GA

PURPOSE: SCHOLARSHIP

$25,000

EAGLES FOR CHILDREN

Org PageRecipient Profile

Novi, MI

PURPOSE: CONTRIBUTION

$20,387

RADFORD UNIVERSITY

Org PageRecipient Profile

Radford, VA

PURPOSE: SCHOLARSHIP

$20,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Youth Financial Literacy Foundation has recieved totaling $25.

Awarding OrganizationAmount
Dotopia

Minneapolis, MN

PURPOSE: UNRESTRICTED CHARITABLE CONTRIBUTION

$25
View Grant Recipient Profile

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