Youth Life Foundation Of Richmond
- Assets
- $331.9k
- Revenue
- $775.5k
- Investments
- $0.0
- Employees
- 34
- Location
- Richmond, VA
- Founding
- 08/2019
- Data as of
- 08/2021
- 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 08/2021, Youth Life Foundation Of Richmond employed 34 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 08/2021, Youth Life Foundation Of Richmond generated $775.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $616.2k during the year ending 08/2021. While expenses have increased by 10.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP LEADERS BY MAKING LONG TERM INVESTMENTS IN CHILDREN FROM AT-RISK COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS IN YOUTH LIFE LEARNING CENTERS PARTICIPATE IN STRUCTURED ACADEMIC ENRICHMENT AND ONE-ON-ONE MENTORING. 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 MENTORING: INDIVIDUALIZED LESSON PLANS ARE IMPLEMENTED BY COMMITTED VOLUNTEER MENTORS DURING LEARNING CENTER HOURS THROUGHOUT THE WEEK, ALLOWING EACH CHILD TO RECEIVE PERSONAL ATTENTION AND BUILD TRUST WITH A CARING ADULT. 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 | $31,000 |
George Wigginton Chair | OfficerTrustee | 1 | $0 |
Elizabeth Siebers Vice-Chair | OfficerTrustee | 10 | $0 |
Clay Lyons Treasurer | OfficerTrustee | 2 | $0 |
Sheree Jones Secretary | Trustee | 0.25 | $0 |
Amanda Scandlen Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $214,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $589,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $803,366 |
| Total Program Service Revenue | $1,227 |
| 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 | -$33,303 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $775,489 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,510 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $31,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,463 |
| Pension plan accruals and contributions | $7,036 |
| Other employee benefits | $42,892 |
| Payroll taxes | $26,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,407 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,951 |
| Advertising and promotion | $0 |
| Office expenses | $9,296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,400 |
| Travel | $28,531 |
| 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 | $28,760 |
| Insurance | $20,487 |
| All other expenses | $1,827 |
| Total functional expenses | $616,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,299 |
| Savings and temporary cash investments | $202,541 |
| 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 | $5,203 |
| Net Land, buildings, and equipment | $54,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $331,898 |
| Accounts payable and accrued expenses | $19,285 |
| 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 | $19,285 |
| Net assets without donor restrictions | $269,062 |
| Net assets with donor restrictions | $43,551 |
| 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 | $331,898 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Youth Life Foundation Of Richmond has recieved totaling $81,628.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $38,753 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $19,575 |
Donor Advised Fund Of The Virginia Baptist Foundation Richmond, VA PURPOSE: GENERAL OPERATING SUPPORT | $16,500 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,008 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $492 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chesapeake Bay Outward Bound School Inc Baltimore, MD | $15,791,418 | $4,070,576 |
Kutcher Foundation Inc Forest Hill, MD | $796,373 | $19,308 |
The Jesse Helms Center Foundation Wingate, NC | $10,139,785 | $832,538 |
Congressional Sports For Charity Alexandria, VA | $777,505 | $905,404 |
Gnf Clarksville, TN | $246,958 | $954,659 |
Dreams Fore Kids Inc Greensboro, NC | $52,918 | $671,050 |
Youth Life Foundation Of Richmond Richmond, VA | $331,898 | $775,489 |
Dreamchasers Clarksville, TN | $172,017 | $578,217 |
M4k Lynchburg Inc Lynchburg, VA | $46,148 | $496,402 |
3e Funding Inc Clarksville, TN | $268,851 | $536,563 |
Ascent Soccer Usa Washington, DC | $88,611 | $247,724 |
Van Noy Valor Foundation Inc Florence, KY | $112,217 | $345,441 |