Year One Inc
- Assets
- $3.2m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 309
- Location
- Denver, CO
- Founding
- 01/1992
- Data as of
- 12/2023
- EIN
- 84-1182631
Organization Overview
Year One Inc, operating under the name Mile High Youth Corps, is located in Denver, CO. The organization was established in 1992. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Mile High Youth Corps employed 309 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mile High Youth Corps 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, Mile High Youth Corps generated $7.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $7.1m during the year ending 12/2023. While expenses have increased by 7.0% per year over the past 9 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
TO HELP YOUTH MAKE A DIFFERENCE IN THEMSELVES AND THEIR COMMUNITY THROUGH MEANINGFUL SERVICE OPPORTUNITIES AND EDUCATIONAL EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED AS YEAR ONE, INC., MILE HIGH YOUTH CORPS (MHYC) WAS ESTABLISHED IN 1992 TO ADDRESS THE EDUCATIONAL AND EMPLOYMENT NEEDS OF DENVERS YOUTH WHILE CONNECTING THEM TO THEIR COMMUNITY AND THE OUTDOORS. THAT FIRST YEAR, 20 YOUTH SERVED DENVER NEIGHBORHOODS THROUGH A SINGLE 10-WEEK PROGRAM. DURING ITS 30+ YEAR HISTORY, MILE HIGH YOUTH CORPS HAS GROWN FROM A SMALL, SEASONAL, NEIGHBORHOOD-BASED ORGANIZATION TO A COMPREHENSIVE, YEAR-ROUND, REGIONAL PROGRAM SERVING 24 COUNTIES OUT OF TWO REGIONAL OFFICES IN METRO DENVER AND COLORADO SPRINGS. TODAY MHYC SERVES 250 YOUNG ADULTS ANNUALLY AND HAS THE LARGEST GEOGRAPHIC FOOTPRINT AMONGST COLORADO'S EIGHT ACCREDITED YOUTH CORPS. YOUTH AGES 18-24 RECEIVE ON-THE-JOB TRAINING AND CAREER READINESS SUPPORT LEADING TO THE OBTAINMENT OF INDUSTRY-RECOGNIZED CERTIFICATIONS, AN EDUCATION SCHOLARSHIP TO BE USED TOWARD POST-SECONDARY EDUCATION OR APPRENTICESHIP, AND LEADERSHIP OPPORTUNITIES TO HELP THEM ACHIEVE THEIR EDUCATIONAL AND EMPLOYMENT GOALS. THESE YOUNG ADULTS, CALLED, CORPSMEMBERS, SERVE ON COMMUNITY-BASED PROJECTS RELATED TO LAND CONSERVATION, ENERGY AND WATER CONSERVATION, HEALTHCARE, OR COSTRUCTION. MHYC RECRUITS YOUTH FROM COMMUNITIES THAT LACK ACCESS TO RESOURCES AND INVESTMENT, PARTICULARLY AREAS WITH HIGH RATES OF YOUTH UNEMPLOYMENT. WHILE MANY CORPSMEMBERS HAVE SIGNIFICANT BARRIERS TO ACCOMPLISHING EDUCATIONAL AND EMPLOYMENT RELATED BENCHMARKS, MHYC IS COMMITTED AND INTENTIONAL IN ITS APPROACH TO REMOVING THOSE BARRIERS AND ENSURING ALL YOUNG PEOPLE ARE POSITIONED FOR LONG-TERM SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kia Abdool CEO | Officer | 40 | $130,336 |
Antonio Barriero COO | Officer | 40 | $96,977 |
Lene Nichols Fin Dir (as | Officer | 40 | $75,911 |
Lauren Buehler Chair | OfficerTrustee | 1 | $0 |
Stacy Chesney Member | Trustee | 1 | $0 |
Tamara Clark Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,524 |
| Related organizations | $0 |
| Government grants | $3,587,389 |
| All other contributions, gifts, grants, and similar amounts not included above | $784,714 |
| Noncash contributions included in lines 1a–1f | $12,150 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,429,627 |
| Total Program Service Revenue | $2,630,833 |
| Investment income | $4,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,206 |
| 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 | $7,162,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $366,183 |
| 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. | $320,757 |
| Compensation of current officers, directors, key employees. | $214,787 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,053,081 |
| Pension plan accruals and contributions | $27,594 |
| Other employee benefits | $318,844 |
| Payroll taxes | $350,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $211,631 |
| Advertising and promotion | $50,781 |
| Office expenses | $0 |
| Information technology | $77,635 |
| Royalties | $0 |
| Occupancy | $270,397 |
| Travel | $43,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,744 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,803 |
| Insurance | $104,612 |
| All other expenses | $132,599 |
| Total functional expenses | $7,140,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $682,805 |
| Savings and temporary cash investments | $20,262 |
| Pledges and grants receivable | $765,286 |
| Accounts receivable, net | $399,285 |
| 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 | $1,350 |
| Net Land, buildings, and equipment | $1,267,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,731 |
| Total assets | $3,176,478 |
| Accounts payable and accrued expenses | $297,715 |
| Grants payable | $0 |
| Deferred revenue | $52,592 |
| 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 | $33,529 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,522 |
| Total liabilities | $440,358 |
| Net assets without donor restrictions | $2,386,120 |
| Net assets with donor restrictions | $350,000 |
| 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 | $3,176,478 |