Y2y Network
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 41
- Location
- Cambridge, MA
- Founding
- 08/2018
- Data as of
- 06/2022
- EIN
- 82-1755423
Organization Overview
Y2y Network is located in Cambridge, MA. The organization was established in 2018. According to its NTEE Classification (O51) the organization is classified as: Youth Community Service Clubs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Y2y Network employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Y2y Network 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, Y2y Network generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 36.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
Y2Y NETWORK EMPLOYS A YOUTH-TO-YOUTH MODEL TO PROVIDE A SAFE AND AFFIRMING ENVIRONMENT FOR YOUNG ADULTS 18-24 EXPERIENCING HOMELESSNESS. Y2Y GUESTS HAVE OPPORTUNITIES TO COLLABORATE WITH SERVICE PROVIDERS, OTHER YOUTH EXPERIENCING HOMELESSNESS, AND STUDENT VOLUNTEERS TO CREATE SUSTAINABLE PATHWAYS OUT OF HOMELESSNESS AND DEVELOP SKILLS FOR LONG-TERM SUCCESS. Y2Y PROVIDES OPPORTUNITIES FOR BOTH GUESTS AND VOLUNTEERS TO BECOME THE NEXT GENERATION'S LEADING ADVOCATES FOR YOUTH-DRIVEN SOLUTIONS TO HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MOST SIGNIFICANT ACHIEVEMENTS RELATE DIRECTLY TO THE THREE PILLARS OF Y2Y'S MODEL. SANCTUARY--IN FY22, Y2Y HARVARD SQUARE SERVED MORE THAN 100 UNIQUE GUESTS. THROUGHOUT THE COVID-19 PANDEMIC, Y2Y HARVARD SQUARE TRANSITIONED FROM A 30-DAY STAY POLICY TO AN INDEFINITE STAY POLICY FOR OUR GUESTS. GREATER THAN 80% OF GUESTS REPORTED THAT Y2Y HARVARD SQUARE IS A WELCOMING AND INCLUSIVE SPACE FOR PEOPLE OF ALL BACKGROUNDS.PATHWAYS--Y2Y HARVARD SQUARE GUESTS HAVE THE OPPORTUNITY TO WORK WITH CASE MANAGERS TO ACCESS A WIDE NETWORK OF PARTNER SERVICE PROVIDERS, INCLUDING ACCESS TO WEEKLY VISITS FROM A PHYSICIAN FROM BOSTON HEALTHCARE FOR THE HOMELESS PROGRAM. ADDITIONALLY, DUE TO THE ADDED HARDSHIP THAT COVID-19 PRESENTED FOR YOUNG PEOPLE EXPERIENCING HOMELESSNESS, Y2Y NETWORK PARTNERED WITH THE CAMBRIDGE HOUSING AUTHORITY TO EXPAND ACCESS TO SECTION-18 HOUSING VOUCHERS FOR OUR GUESTS. THROUGH THIS PARTNERSHIP, Y2Y NETWORK HAS SUCCESSFULLY PLACED GUESTS INTO PERMANENT AFFORDABLE HOUSING. ADVOCACY AND LEADERSHIP DEVELOPMENT--IN FY22, OUR STUDENT STAFF AND GUESTS HAVE JOINED PROTEST EFFORTS TO END POLICE BRUTALITY AS WELL AS CONTINUED CONVERSATIONS WITH COMMUNITY MEMBERS AND LEGISLATORS REGARDING POLICIES TO END YOUTH HOMELESSNESS. ADDITIONALLY, IN FY22 Y2Y NETWORK CONTINUED AS THE FISCAL SPONSOR FOR THE BOSTON AREA YOUTH CASH TRANSFER PROGRAM (BAY CASH) A LOCAL PROGRAM THAT WILL TRANSFER CASH DIRECTLY TO YOUTH EXPERIENCING HOMELESSNESS IN THE GREATER BOSTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cameron Van Fossen Executive Director | Officer | 40 | $126,860 |
Bob Giannino Chair | OfficerTrustee | 1 | $0 |
Skyler Brader Treasurer | OfficerTrustee | 1 | $0 |
Sue Dalelio Director | Trustee | 1 | $0 |
Jamila Bradley Director | Trustee | 1 | $0 |
Maria Dominguez Gray Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,443 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,009,513 |
| Noncash contributions included in lines 1a–1f | $56,134 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,183,956 |
| 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 | $2,602 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,186,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,222 |
| 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. | $133,046 |
| Compensation of current officers, directors, key employees. | $26,610 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $482,524 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,802 |
| Payroll taxes | $62,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $81,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,484 |
| Advertising and promotion | $0 |
| Office expenses | $31,416 |
| Information technology | $1,494 |
| Royalties | $0 |
| Occupancy | $7,053 |
| Travel | $405 |
| 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 | $31,480 |
| Insurance | $19,221 |
| All other expenses | $0 |
| Total functional expenses | $1,166,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,612,951 |
| Savings and temporary cash investments | $32,048 |
| Pledges and grants receivable | $39,551 |
| 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 | $7,690 |
| 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 | $1,692,240 |
| Accounts payable and accrued expenses | $32,330 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $31,947 |
| 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 | $64,277 |
| Net assets without donor restrictions | $1,603,412 |
| Net assets with donor restrictions | $24,551 |
| 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 | $1,692,240 |
Grants Awarded
Over the last fiscal year, Y2y Network has awarded $75,222 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PHILLIPS BROOKS HOUSE ASSOCIATION PURPOSE: OPERATING SUPPORT | $28,935 |
YOUTH CONTINUUM PURPOSE: CAPITAL CAMPAIGN | $46,287 |