Youthbuild Preparatory Academy
- Assets
- $77.1k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 122
- Location
- Providence, RI
- Founding
- 02/2017
- Data as of
- 06/2019
- EIN
- 81-3957029
Organization Overview
Youthbuild Preparatory Academy is located in Providence, RI. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2019, Youthbuild Preparatory Academy employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youthbuild Preparatory Academy 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 06/2019, Youthbuild Preparatory Academy generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $1.1m during the year ending 06/2019. While expenses have increased by 31.4% per year over the past 4 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
YOUTHBUILD PREP ACADEMY PROVIDES A LIBERATING EDUCATIONAL EXPERIENCE TO ALL STUDENTS, WITH A FOCUS ON ENGAGING YOUNG MEN OF COLOR, PREPARING THEM TO BE CONFIDENT, CIVICALLY ENGAGED LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE DEVELOPMENT FOR OUT-OF-STATE YOUTH THAT PROVIDE ACADEMIC, JOB READINESS, AND OCCUPATIONAL SKILLS NEEDED TO MAKE A SUCCESSFUL TRANSITION INTO THE CONSTRUCTION AND OTHER HIGH-GROWTH, HIGH-DEMAND OCCUPATIONAL SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Hubbard Executive Director | Officer | 40 | $101,638 |
Angela Romans Chair | OfficerTrustee | 2 | $0 |
Gloria Johnson Treasurer | OfficerTrustee | 2 | $0 |
Patrick Mcguigan Co-Chair | OfficerTrustee | 2 | $0 |
Akeem Lloyd Director | Trustee | 1 | $0 |
Keno Mullings Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $990,801 |
| 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 | -$99 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,020,749 |
| Statement of Expenses | |
|---|---|
| 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. | $100,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,668 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,626 |
| Payroll taxes | $50,615 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,232 |
| Fees for services: Accounting | $46,201 |
| 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 | $10,188 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,600 |
| Travel | $2,153 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,438 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,989 |
| Insurance | $7,526 |
| All other expenses | $0 |
| Total functional expenses | $1,136,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,067 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,902 |
| 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 | $5,032 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,512 |
| Total assets | $77,092 |
| Accounts payable and accrued expenses | $68,684 |
| Grants payable | $0 |
| Deferred revenue | $23,460 |
| 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 | $65,267 |
| Total liabilities | $157,411 |
| Net assets without donor restrictions | -$80,319 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$80,319 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Youthbuild Preparatory Academy has recieved totaling $166,414.
| Awarding Organization | Amount |
|---|---|
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $76,409 |
Mentor Rhode Island - The Ri Mentoring Partnership Inc Warwick, RI PURPOSE: OPERATING | $45,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: YOUTHBUILD PROVIDENCE | $25,000 |
The Highlander Charter School Providence, RI PURPOSE: GENERAL SUPPORT | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwin College Magnet Schools Inc East Hartford, CT | $5,402,152 | $17,501,870 |
Achievement First Hartford Academy Inc New Haven, CT | $6,951,433 | $17,053,937 |
Paul Cuffee School Providence, RI | $13,974,820 | $16,770,174 |
Achievement First Bridgeport Academy Inc New Haven, CT | $13,758,067 | $16,509,487 |
Capital Prep Charter Schools Ny Bridgeport, CT | $5,743,327 | $15,721,123 |
Elm City College Preparatory Inc New Haven, CT | $33,084,628 | $13,299,319 |
The Highlander Charter School Providence, RI | $14,624,382 | $14,745,189 |
Capital Prep Harbor School Inc Bridgeport, CT | $4,120,211 | $11,615,050 |
Great Oaks Charter School - Bridgeport Inc Bridgeport, CT | $4,760,394 | $9,171,396 |
Highville Charter School Inc New Haven, CT | $16,114,071 | $7,986,663 |
New Beginnings Family Academy Inc Bridgeport, CT | $6,914,685 | $8,124,878 |
International Charter School Corporation Pawtucket, RI | $4,227,421 | $6,703,285 |