Youth Life Foundation Of Richmond
- Assets
- $512.3k
- Revenue
- $690.5k
- Investments
- $0.0
- Employees
- 25
- Location
- Richmond, VA
- Founding
- 08/2019
- Data as of
- 08/2023
- EIN
- 81-0569287
Organization Overview
Youth Life Foundation Of Richmond is located in Richmond, VA. The organization was established in 2019. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. As of 08/2023, Youth Life Foundation Of Richmond employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Life Foundation Of Richmond 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 08/2023, Youth Life Foundation Of Richmond generated $690.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $517.6k during the year ending 08/2023. While expenses have increased by 0.4% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP LEADERS BY MAKING LONG TERM INVESTMENTS IN CHILDREN FROM UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS IN YOUTH LIFE LEARNING CENTERS PARTICIPATE IN STRUCTURED ACADEMIC ENRICHMENT AND SMALL GROUP TUTORING. 1) ACADEMIC SUPPORT: YLFR LEARNING CENTERS ARE STAFFED BY CERTIFIED TEACHERS IN ORDER TO PROVIDE QUALITY, INDIVIDUALIZED INSTRUCTION, AND ONGOING EVALUATION OF STUDENT PROGRESS. 2) ONE-ON-ONE TUTORS: INDIVIDUALIZED LESSON PLANS ARE IMPLEMENTED BY COMMITTED VOLUNTEER TUTORS DURING LEARNING CENTER HOURS THROUGHOUT THE WEEK, ALLOWING EACH CHILD TO RECEIVE PERSONAL ATTENTION AND BUILD TRUST WITH CARING ADULTS. 3) CHARACTER DEVELOPMENT: STUDENTS FOCUS ON MEETING HIGH EXPECTATIONS FOR THEIR SOCIAL AND BEHAVIORAL DEVELOPMENT AS THEY GROW INTO RESPONSIBLE MEMBERS OF THEIR COMMUNITIES. 4) LONG-TERM COMMITMENT: A UNIQUE AND VITAL ELEMENT OF THE YLFR MODEL IS TO INVEST IN CHILDREN FROM A YOUNG AGE AND STICK WITH THEM THROUGH GRADUATION FROM HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Goodlett Executive Director | OfficerTrustee | 20 | $31,465 |
Elizabeth Siebers Vice-Chair | Trustee | 5 | $3,554 |
Sheree Jones Secretary | Trustee | 2.5 | $0 |
Clay Lyons Treasurer | Trustee | 2.5 | $0 |
Amanda Scandlen Board Member | Trustee | 1 | $0 |
Matt Benko Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $121,230 |
| Related organizations | $0 |
| Government grants | $89,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $519,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $730,530 |
| Total Program Service Revenue | $0 |
| 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 | -$39,982 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $690,548 |
| 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. | $35,365 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $383,475 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,705 |
| 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 | $4,122 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,389 |
| Travel | $8,261 |
| 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 | $8,971 |
| Insurance | $17,437 |
| All other expenses | $165 |
| Total functional expenses | $517,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318,833 |
| Savings and temporary cash investments | $168,330 |
| 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 | $4,444 |
| Net Land, buildings, and equipment | $11,622 |
| Investments—publicly traded securities | $9,078 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $512,307 |
| Accounts payable and accrued expenses | $19,986 |
| 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 | $0 |
| Total liabilities | $19,986 |
| Net assets without donor restrictions | $480,236 |
| Net assets with donor restrictions | $12,085 |
| 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 | $512,307 |