Kinexus Youth Solutions Inc
- Assets
- $1.9m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Benton Harbor, MI
- Founding
- 02/2018
- Data as of
- 06/2022
- EIN
- 82-1416934
Organization Overview
Kinexus Youth Solutions Inc is located in Benton Harbor, MI. The organization was established in 2018. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kinexus Youth Solutions Inc 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, Kinexus Youth Solutions Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 11.9% per year over the past 5 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.
Since 2018, Kinexus Youth Solutions Inc has awarded 64 individual grants totaling $11,169,023. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EQUIP YOUNG PEOPLE WITH THE SKILLS TO OVERCOME BARRIERS AND SUCCEED IN EDUCATION, EMPLOYMENT, AND IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS PROGRAM DELIVERS THE JOBS FOR MICHIGAN'S GRADUATES PROGRAMMING(BASED ON THE NATIONAL JOBS FOR AMERICA'S GRADUATES PROGRAM) IN PARTNERSHIP WITH MICHIGAN WORKS ORGANIZATIONS ACROSS THE STATE. 3,433 YOUTH PARTICIPATED THROUGH DROPOUT PREVENTION, DROPOUT RECOVERY, AND/OR SCHOOL-TO-CAREER PROGRAMMING. IN ADDITION, A NEW SERVICE OFFERING WE LAUNCHED IN PILOT FORM TO ATTRACT MORE YOUTH TO THE SERVICES OFFERED AND ACT AS A FEEDER TO JOBS FOR MICHIGANS GRADUATES PROGRAMMING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Anderson Chair | OfficerTrustee | 2 | $0 |
Roger Curtis Trustee | Trustee | 2 | $0 |
Sarah Elmouchi Secretary | OfficerTrustee | 2 | $0 |
Todd Gustafson Board Member | Officer | 2 | $0 |
Vail Harding Trustee | Trustee | 2 | $0 |
John Kaczynski Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,035,258 |
| All other contributions, gifts, grants, and similar amounts not included above | $468,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,503,485 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,503,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,889,656 |
| 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. | $249,891 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $983,146 |
| Pension plan accruals and contributions | $46,093 |
| Other employee benefits | $148,329 |
| Payroll taxes | $92,744 |
| Fees for services: Management | $535,000 |
| Fees for services: Legal | $4,313 |
| Fees for services: Accounting | $15,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $242,562 |
| Advertising and promotion | $8,992 |
| Office expenses | $43,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,841 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $87 |
| All other expenses | $0 |
| Total functional expenses | $5,491,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,027,552 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $856,578 |
| Accounts receivable, net | $25,971 |
| 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 | $19,447 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,929,548 |
| Accounts payable and accrued expenses | $624,548 |
| 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 | $624,548 |
| Net assets without donor restrictions | $1,126,189 |
| Net assets with donor restrictions | $178,811 |
| 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 | $1,929,548 |
Grants Awarded
Over the last fiscal year, Kinexus Youth Solutions Inc has awarded $2,871,905 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL AREA MICHIGAN WORKS PURPOSE: YOUTH SVCS STATEWIDE | $74,020 |
DETROIT EMPLOYMENT SOLUTIONSCORPORATIONS INC PURPOSE: YOUTH SVCS STATEWIDE | $515,309 |
GST MICHIGAN WORKS PURPOSE: YOUTH SVCS STATEWIDE | $389,188 |
KENT INTERMEDIATE SCHOOL DISTRICT PURPOSE: YOUTH SVCS STATEWIDE | $95,914 |
KINEXUS GROUP PURPOSE: YOUTH SVCS STATEWIDE | $23,990 |
MICHIGAN WORKS JOB FORCE BOARDUPWARD TALEND COUNCIL PURPOSE: YOUTH SVCS STATEWIDE | $197,332 |