Youth Renewal Fund
- Assets
- $7.4m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 02/1992
- Data as of
- 06/2021
- EIN
- 13-3641489
Organization Overview
Youth Renewal Fund is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Youth Renewal Fund employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Renewal Fund 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 06/2021, Youth Renewal Fund generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $7.8m during the year ending 06/2021. While expenses have increased by 7.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH RENEWAL FUND (THE "FUND") RAISES FUNDS TO DEVELOP AND MONITOR EDUCATIONAL PROGRAMS FOR DISADVANTAGED ISRAELI YOUTHS. THE FUND'S MISSION IS TO RAISE EDUCATIONAL STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH RENEWAL FUND (THE "FUND") RAISES FUNDS TO DEVELOP AND MONITOR EDUCATIONAL PROGRAMS FOR DISADVANTAGED ISRAELI YOUTHS. THE FUND'S MISSION IS TO RAISE EDUCATIONAL STANDARDS. IT HAS FUNDED PROJECTS ALL ACROSS ISRAEL THAT PROVIDE SUPPLEMENTAL COURSE WORK IN BASIC STUDIES INCLUDING MATH, SCIENCES,LANGUAGES AND THE ARTS, AS WELL AS ENRICHMENT COURSES FOR GIFTED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loni Kraut COO | OfficerTrustee | 40 | $245,000 |
Jeff Gimbel Director | Trustee | 2 | $0 |
Jordana Grunfeld Director | Trustee | 2 | $0 |
Ram Burshtine Director | Trustee | 2 | $0 |
Jordan Sall Director | Trustee | 2 | $0 |
Samuel Katz Director | Trustee | 2 | $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 | $9,323,903 |
| Noncash contributions included in lines 1a–1f | $148,636 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,323,903 |
| Total Program Service Revenue | $93,400 |
| Investment income | $1,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$804 |
| Net Income from Fundraising Events | $1,005,075 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,422,837 |
| 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 | $6,430,176 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $245,000 |
| Compensation of current officers, directors, key employees. | $49,719 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,966 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $474,791 |
| Advertising and promotion | $3,069 |
| Office expenses | $16,335 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,958 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,203 |
| Insurance | $99,220 |
| All other expenses | $11,848 |
| Total functional expenses | $7,786,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,288,619 |
| Pledges and grants receivable | $4,953,802 |
| 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 | $183,639 |
| Net Land, buildings, and equipment | $2,074 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,235 |
| Total assets | $7,433,369 |
| Accounts payable and accrued expenses | $272,047 |
| Grants payable | $0 |
| Deferred revenue | $71,314 |
| 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 | $343,361 |
| Net assets without donor restrictions | $7,090,008 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,433,369 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Youth Renewal Fund has recieved totaling $1,716,717.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $495,359 |
Seed The Dream Foundation Gladwyne, PA PURPOSE: GENERAL FUND | $412,500 |
David E Simon & Jacqueline S Simon Charitable Foundation Indianapolis, IN PURPOSE: CONTRIBUTION TO GENERAL OPERATING SUPPORT | $200,000 |
David E Simon & Jacqueline S Simon Charitable Foundation Indianapolis, IN PURPOSE: 2021 GRANT DONATION, TEMPLE BETH SHOLOM | $120,425 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $79,000 |
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $53,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Catholic High School Inc Lawrence, MA | $53,774,234 | $20,404,394 |
Yeshiva University High Schools New York, NY | $22,674,721 | $20,464,649 |
Bancroft School Worcester, MA | $41,590,208 | $15,668,076 |
Woodstock Academy Woodstock, CT | $31,824,143 | $19,974,211 |
Community Academy Of Philadelphia A Pennylvania Charter School Philadelphia, PA | $18,600,792 | $22,292,096 |
Miss Halls School Inc Pittsfield, MA | $50,566,747 | $21,121,476 |
Cristo Rey Philadelphia High School Philadelphia, PA | $44,344,879 | $19,011,850 |
Valley Forge Military Academy Foundation Wayne, PA | $40,487,283 | $14,074,781 |
Rectory School Inc Pomfret, CT | $61,030,805 | $27,484,393 |
Westover School Inc Middlebury, CT | $114,183,779 | $14,889,393 |
Putney School Inc Putney, VT | $65,148,933 | $24,861,480 |
Jack M Barrack Hebrew Academy Bryn Mawr, PA | $28,446,825 | $17,100,040 |