Young Investors Group
- Assets
- $28.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 83-1718879
Organization Overview
Young Investors Group is located in Norfolk, VA. The organization was established in 2018. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, 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. Young Investors Group 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, Young Investors Group generated $58.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (32.3%) each year. All expenses for the organization totaled $31.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Anderson Chairman | 60 | $0 | |
Ericka Palmer Executive Director | 12 | $0 | |
Katie Stanley Board Member | 5 | $0 | |
Jaqueline Glass Board Member | 5 | $0 | |
Vernon Johnson Board Member | 5 | $0 | |
Shiqueen Brown Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,362 |
| Total Program Service Revenue | $10,860 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3 |
| Total Revenue | $58,225 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $535 |
| Professional fees and other payments to independent contractors | $9,237 |
| Occupancy, rent, utilities, and maintenance | $4,750 |
| Printing, publications, postage, and shipping | $58 |
| Other expenses | $17,166 |
| Total expenses | $31,746 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,161 |
| Other assets | $0 |
| Total assets | $28,161 |
| Total liabilities | $0 |
| Net assets or fund balances | $28,161 |