Fostering Youth Independence
- Assets
- $284.1k
- Revenue
- $335.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Santa Clarita, CA
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 82-1034101
Organization Overview
Fostering Youth Independence is located in Santa Clarita, CA. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Fostering Youth Independence employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fostering Youth Independence 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 12/2023, Fostering Youth Independence generated $335.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 46.6% each year . All expenses for the organization totaled $308.7k during the year ending 12/2023. While expenses have increased by 56.0% 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
FYI PROVIDED CASE MANAGEMENT, MENTORSHIP AND GUIDANCE TO 100 YOUTH AGING OUT OF THE FOSTER CARE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CASE MANAGEMENT, MENTORSHIP AND GUIDANCE TO YOUTH AGING OUT OF THE FOSTER CARE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Olsen Treasurer | Officer | 40 | $62,000 |
Katy Williams Director | Trustee | 1 | $0 |
Holly Thompson Director | Trustee | 1 | $0 |
Karen Benavides-Chavez Director | Trustee | 1 | $0 |
Linda Teeter Director | Trustee | 1 | $0 |
Lois Bauccio Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,891 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,862 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,753 |
| Total Program Service Revenue | $0 |
| Investment income | $13 |
| 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 | $335,766 |
| 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. | $62,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,806 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,220 |
| Payroll taxes | $16,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,191 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $592 |
| Advertising and promotion | $772 |
| Office expenses | $1,942 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,610 |
| Travel | $242 |
| 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 | $240 |
| Insurance | $4,237 |
| All other expenses | $11,670 |
| Total functional expenses | $308,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,240 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $891 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $284,131 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,767 |
| Total liabilities | $5,767 |
| Net assets without donor restrictions | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $278,364 |
| Total liabilities and net assets/fund balances | $284,131 |