Fresh Youth Initiatives Inc
- Assets
- $4.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 88
- Location
- New York, NY
- Founding
- 05/1994
- Data as of
- 06/2022
- EIN
- 13-3723207
Organization Overview
Fresh Youth Initiatives Inc is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Fresh Youth Initiatives Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fresh Youth Initiatives 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 06/2022, Fresh Youth Initiatives Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 14.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FRESH YOUTH INITIATIVES (FYI) IS TO EMPOWER YOUTH WHO HAVE THE FEWEST RESOURCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDDLE SCHOOL PROGRAM COHORT: FYI OPERATED AFTERSCHOOL AND SUMMER CAMP PROGRAMS FOR 120 STUDENTS IN THE SIXTH THROUGH EIGHTH GRADES AT FYI'S HEADQUARTERS AND AT M311 AMISTAD DUAL LANGUAGE. PROGRAMS PROVIDED INTENSIVE DEVELOPMENTAL AND ACADEMIC SUPPORTS, ADVISORY AND COUNSELING, PREPARATION FOR HIGH SCHOOL, STEM LEARNING, SPORTS, THE ARTS, AND RECREATION.
AT OUR HEADQUARTERS, FYI OPERATED A HIGH SCHOOL PROGRAM FOR 60 TEENS PARTICIPANTS IN GRADES 9-12. THE FOCUS OF THE PROGRAMS WERE ON LEADERSHIP DEVELOPMENT AND COLLEGE ACCESS, AND CAREER EXPLORATION.
ELEMENTARY PROGRAMS AT PS128: FYI OPERATED AFTERSCHOOL PROGRAMS AND SUMMER CAMP FOR 60 CHILDREN FROM PRE-K THROUGH THE FIFTH GRADE AT P.S. 128M AUDUBON SCHOOL. PROGRAMS PROVIDED CHILDREN WITH A VARIETY OF EDUCATION, ARTS, RECREATION, AND SOCIAL-EMOTIONAL ACTIVITIES WITH AN EMPHASIS ON DEVELOPING STRONG LITERACY SKILLS. OVERALL ACADEMIC GOALS ARE TO HELP ALL CHILDREN TO READ AND PERFORM MATH AT GRADE LEVEL OR HIGHER.
COMPREHENSIVE FULL DAY HIGH SCHOOL SERVICES: FYI'S TEAM OF MENTAL HEALTH AND SOCIAL WORK PROFESSIONALS OFFERED SOCIAL SERVICES, COUNSELING, AND CRISIS INTERVENTION TO THE ENTIRE STUDENT BODY OF 525 STUDENTS, ALL OF WHOM WERE NEW IMMIGRANTS. THE EXTENDED TEAM ADDITIONALLY PROVIDED EXTENSIVE YOUTH DEVELOPMENT PROGRAMS INCLUDING: ADVISORY AND GUIDANCE; ACADEMIC INSTRUCTION; STEM AND LITERACY TUTORING; REGENTS PREP; TECHNOLOGY; COLLEGE ACCESS; FINE AND PERFORMING ART; AND RECREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Sale Chairman | OfficerTrustee | 1 | $0 |
Edward Lehiman Chair Emeritus | OfficerTrustee | 1 | $0 |
Amit Jain Co Vice Chair | OfficerTrustee | 1 | $0 |
Jeff Haber Co Vice Chair | OfficerTrustee | 1 | $0 |
Saskia Chanoine Treasurer | OfficerTrustee | 1 | $0 |
Isabelle Sajous Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $226,502 |
| Related organizations | $0 |
| Government grants | $1,957,383 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,387,780 |
| Noncash contributions included in lines 1a–1f | $24,838 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,571,665 |
| Total Program Service Revenue | $0 |
| Investment income | $6,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,163 |
| Net Income from Fundraising Events | -$50,190 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,526,164 |
| 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. | $171,257 |
| Compensation of current officers, directors, key employees. | $17,126 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,920,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $140,592 |
| Payroll taxes | $177,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,894 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,769 |
| Fees for services: Other | $96,662 |
| Advertising and promotion | $81 |
| Office expenses | $124,196 |
| Information technology | $463 |
| Royalties | $0 |
| Occupancy | $30,640 |
| Travel | $18,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,704 |
| Insurance | $50,279 |
| All other expenses | $0 |
| Total functional expenses | $3,044,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,935 |
| Savings and temporary cash investments | $805,443 |
| Pledges and grants receivable | $904,757 |
| 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 | $2,425,833 |
| Investments—publicly traded securities | $104,268 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,788,236 |
| Accounts payable and accrued expenses | $15,141 |
| Grants payable | $0 |
| Deferred revenue | $93,662 |
| 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 | $108,803 |
| Net assets without donor restrictions | $4,156,063 |
| Net assets with donor restrictions | $523,370 |
| 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 | $4,788,236 |