Lowell Youth Leadership Program Inc
- Assets
- $370.1k
- Revenue
- $276.1k
- Investments
- $0.0
- Employees
- 25
- Location
- Lowell, MA
- Founding
- Data as of
- 12/2023
- EIN
- 87-3289772
Organization Overview
Lowell Youth Leadership Program Inc is located in Lowell, MA. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Lowell Youth Leadership Program Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lowell Youth Leadership Program Inc 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, Lowell Youth Leadership Program Inc generated $276.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 68.0% each year . All expenses for the organization totaled $101.2k during the year ending 12/2023. 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
LYLP RUNS A FREE SUMMER CAMP FOR UNDER-SERVED LOWELL YOUTH AGES 10 TO 16.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOWELL YOUTH LEADERSHIP PROGRAM'S SOLE SERVICE IS TO PROVIDE A FREE SUMMER CAMP FOR UNDER-SERVED LOWELL KIDS AGES 10 TO 16. IN 2022 THE SUMMER PROGRAM RAN FOR 2 AND A HALF WEEKS AND SERVED 120 KIDS. IN 2023 THE PROGRAM RAN FOR 4 WEEKS AND SERVED 150 KIDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry D Wilson President | OfficerTrustee | 10 | $0 |
Chan Khirv Treasurer | OfficerTrustee | 10 | $0 |
Samnang Hor Clerk | OfficerTrustee | 10 | $0 |
Andres Lopez Vice President | OfficerTrustee | 10 | $0 |
Roeun Chan Director | Trustee | 10 | $0 |
Sochenda Uch Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $77,939 |
| Related organizations | $0 |
| Government grants | $105,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,031 |
| Total Program Service Revenue | $0 |
| Investment income | $4,378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,355 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $276,054 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,478 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,120 |
| 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 | $0 |
| Advertising and promotion | $5,645 |
| Office expenses | $902 |
| Information technology | $2,956 |
| Royalties | $0 |
| Occupancy | $441 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,354 |
| All other expenses | $4,927 |
| Total functional expenses | $101,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,670 |
| Savings and temporary cash investments | $329,933 |
| Pledges and grants receivable | $2,500 |
| 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 | $370,103 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $370,103 |
| Total liabilities and net assets/fund balances | $370,103 |