Youth Opportunity Foundation Inc
- Assets
- $36.9k
- Revenue
- $275.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Carmel, IN
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 82-2964788
Organization Overview
Youth Opportunity Foundation Inc is located in Carmel, IN. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Opportunity Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATED AN ADVISORY COUNCIL OF VOLUNTEER PROFESSIONALS COMMITTED TO ADDRESSING THE ISSUES CONFRONTING VULNERABLE YOUTH AS IDENTIFIED IN THE YOUTH OPPORTUNITY FOUNDATION MISSION. THE ADVISORY COUNCIL SUBMITTED AN APPLICATION WITH THE UNITED STATES OFFICE OF JUVENILE JUSTICE DRUG PROGRAM FOR A SECOND CHANCE GRANT. IN PARTNERSHIP WITH THE STATE OF FLORIDA, YOUTH OPPORTUNITY FOUNDATION WAS SELECTED TO IMPLEMENT THE PROPOSED TRAUMATIC BRAIN INJURY ASSESSMENT AND TREATMENT PROGRAM IN THE JUVENILE JUSTICE SYSTEM TO REDUCE RECIDIVISM AND DEVELOP A MORE COMPREHENSIVE CONTINUUM OF CARE UPON COMMUNITY RE-ENTRY FOR THE RESEARCH SUBJECTS.
SOLICIT, COLLECT AND DISTRIBUTE DONATIONS TO SUPPORT GENERAL OPERATIONS, PROMOTE THREE (3) SCHOLARSHIP FUNDS FOR POST-ADJUDICATED YOUTH OR SURVIVORS OF HUMAN TRAFFICKING, THE DEVELOPMENT OF COLLABORATIVE PROGRAMMING FOR POST-SECONDARY EDUCATION AND VOCATIONAL TRAINING TO CREATE AND SUPPORT EMPLOYMENT OPPORTUNITIES, AND CONTINUE TO SUPPORT MENTORSHIP PROGRAMS FOR VULNERABLE YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis R Armington President | Officer | 40 | $100,000 |
Michael Boaz Director | Trustee | 1 | $0 |
Dan Briggs Director | Trustee | 1 | $0 |
Ralph Carmichael Director | Trustee | 1 | $0 |
Dainforth French Jr Director | Trustee | 1 | $0 |
Ronald D Hunter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,490 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,125 |
| 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 | $275,855 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $100,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,834 |
| Payroll taxes | $13,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,280 |
| 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 | $141,489 |
| Advertising and promotion | $222 |
| Office expenses | $7,351 |
| Information technology | $1,522 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $265 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $288,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,259 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,620 |
| 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 | $36,879 |
| 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 | $414,440 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,510 |
| Other liabilities | $0 |
| Total liabilities | $416,950 |
| Net assets without donor restrictions | -$426,279 |
| Net assets with donor restrictions | $46,208 |
| 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 | $36,879 |