Yuda Bands
- Assets
- $40.7k
- Revenue
- $165.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Mapleton, UT
- Founding
- 12/2017
- Data as of
- 12/2023
- EIN
- 82-1861126
Organization Overview
Yuda Bands is located in Mapleton, UT. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Yuda Bands employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yuda Bands 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, Yuda Bands generated $165.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $194.5k during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 7 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
YUDA BANDS BUILDS SCHOLARSHIP FUNDS FOR YOUTH IN DEVELOPING NATIONS WHO CANNOT AFFORD A BASIC HIGH SCHOOL EDUCTION. THAT EDUCATION IS THEN SUPERCHARGED THROUGH AN EXTREMELY SUCCESSFUL PROGRAM CALLED LEAD (LEADERSHIP, EDUCATION, ATTITUDE, DEVELOPMENT)
Describe the Organization's Program Activity:
Part 3 - Line 4a
YUDA BANDS MADE A SIGNIFICANT IMPACT IN THE 2021-22 SCHOOL YEAR BY SPONSORING NEARLY 100 STUDENTS IN ZIMBABWE AND GUATEMALA, COVERING THEIR TUITION AND SCHOOL FEES. IN ADDITION TO PROVIDING EDUCATIONAL SUPPORT, ALL INTERNATIONAL STUDENTS WERE ENROLLED IN THE LEAD PROGRAM, ENSURING THEIR FUTURE JOB PLACEMENT AND SUCCESS UPON GRADUATION.THE INITIATIVE DIDNT STOP THERE. A DEDICATED TEAM OF STUDENT VOLUNTEERS FROM 86 DIFFERENT SCHOOLS CAME TOGETHER, COLLECTIVELY SELLING AN IMPRESSIVE TOTAL OF 9,200 BRACELETS. NOT ONLY DID THESE SALES GENERATE FUNDS TO SUPPORT THE SPONSORED STUDENTS IN ZIMBABWE AND GUATEMALA, BUT THEY ALSO CREATED JOB OPPORTUNITIES FOR LOCAL GUATEMALAN ARTISANS.FURTHERMORE, YUDA BANDS TOOK THEIR COMMITMENT TO MAKING A DIFFERENCE EVEN FURTHER BY ORGANIZING THREE INSPIRING HUMANITARIAN SERVICE TRIPS. VOLUNTEERS HAD THE OPPORTUNITY TO COLLABORATE WITH INTERNATIONAL YUDA BANDS STUDENTS AND CONTRIBUTE TO LOCAL SERVICE PROJECTS IN FOREIGN COMMUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina Tsoi Board Member | Trustee | 0 | $0 |
Stephen Whyte Chairman | Trustee | 0 | $0 |
Sharon White Board Member | Trustee | 0 | $0 |
Philip Whiting President | OfficerTrustee | 40 | $0 |
Phillip Whiting Secretary | Officer | 10 | $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 | $70,424 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,424 |
| Total Program Service Revenue | $94,924 |
| 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 | $165,348 |
| 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. | $54,000 |
| Compensation of current officers, directors, key employees. | $54,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $4,200 |
| Other employee benefits | $0 |
| Payroll taxes | $4,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,917 |
| Office expenses | $620 |
| 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 | $43 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,913 |
| Total functional expenses | $194,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,686 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,686 |
| Accounts payable and accrued expenses | $11,996 |
| 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 | $11,996 |
| 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 | $28,690 |
| Total liabilities and net assets/fund balances | $40,686 |