Youth For Tomorrow Foundation
- Assets
- $47.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Bristow, VA
- Founding
- 10/2016
- Data as of
- 06/2022
- EIN
- 81-2515402
Organization Overview
Youth For Tomorrow Foundation is located in Bristow, VA. The organization was established in 2016. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth For Tomorrow 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 06/2022, Youth For Tomorrow Foundation generated $7.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.5%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. 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
YOUTH FOR TOMORROW FOUNDATION WAS ESTABLISHED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES BY PROVIDING GUIDANCE, SERVICES, AND SUPPORT EXCLUSIVELY DEDICATED TO THE CHARITABLE MISSION OF YFT-THE AIDING AND OFFERING CHILDREN IN CRISIS WITH A QUALITY EDUCATION, RE-DIRECTION OF THEIR PERSONAL BEHAVIOR, STRENGTHENING THEIR MENTAL AND PHYSICAL FIRNESS, ENHANCING THEIR SPIRITUAL COMMITMENT, AND REUNITING CHILDREN WITH THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT YFT BY PROVIDING GUIDANCE, SERVICES, AND SUPPORT EXCLUSIVELY DEDICATED TO THE CHARITABLE MISSION OF YFT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Berquist Chairman | OfficerTrustee | 1 | $0 |
Vic Sellier Vice Chairman | OfficerTrustee | 1 | $0 |
Taylor Chess Secretary | OfficerTrustee | 1 | $0 |
Cecilia Hodges Treasurer | OfficerTrustee | 1 | $0 |
Steve Cumbie Director | Trustee | 1 | $0 |
Jim Brennan Director | Trustee | 1 | $0 |
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 | $2,889,005 |
| Noncash contributions included in lines 1a–1f | $10,599 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,889,005 |
| Total Program Service Revenue | $959,507 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,899,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,748,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,090,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,979 |
| Fees for services: Accounting | $15,888 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,780 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $268,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $790,488 |
| Insurance | $7,654 |
| All other expenses | $0 |
| Total functional expenses | $2,259,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,124,263 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,452,924 |
| Accounts receivable, net | $251,381 |
| 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 | $41,586,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $953,224 |
| Total assets | $47,367,901 |
| Accounts payable and accrued expenses | $335,897 |
| 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 | $5,563,511 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,899,408 |
| Net assets without donor restrictions | $32,624,713 |
| Net assets with donor restrictions | $8,843,780 |
| 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 | $47,367,901 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Youth For Tomorrow Foundation has recieved totaling $89.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $89 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth For Tomorrow Foundation Bristow, VA | $47,367,901 | $7,748,612 |
Boy Scouts Of America Kinston, NC | $9,987,459 | $1,779,507 |
Kingswood Home For Children Inc Bean Station, TN | $2,438,351 | $1,525,021 |
Threads Of Hope Thrift Store Inc Crossville, TN | $1,278,132 | $751,338 |
Boy Scouts Of America Memphis, TN | $6,976,876 | $1,121,075 |
Potter Childrens Foundation Inc Bowling Green, KY | $18,039,633 | $1,425,469 |
Malaysian Palm Oil Council Washington, DC | $217,112 | $471,000 |
Chestnut Mountain Ranch Foundation Inc Morgantown, WV | $7,768,666 | $1,597,608 |
Boys Club Of Wake County Foundation Raleigh, NC | $6,349,359 | $1,720,813 |
Franklin-Simpson Baseball Boosters Inc Franklin, KY | $465,563 | $180,571 |
Virginia Elite Spirit Inc Midlothian, VA | $74,432 | $168,630 |
Guatemalan Educational Outreach Inc Lexington, KY | $92,014 | $0 |