Youth Development Initiatives
- Assets
- $535.6k
- Revenue
- $943.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Charlotte, NC
- Founding
- 08/2006
- Data as of
- 06/2023
- EIN
- 14-1954707
Organization Overview
Youth Development Initiatives, operating under the name Aka Ydi Academy, is located in Charlotte, NC. The organization was established in 2006. 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 06/2023, Aka Ydi Academy employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aka Ydi Academy 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 06/2023, Aka Ydi Academy generated $943.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $684.7k during the year ending 06/2023. 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
YDI ENGAGES UNDERPRIVILEGED, UNDER-SERVED AND AT-RISK TEENS IN AN INDIVIDUALIZED DEVELOPMENT PROCESS TO EXPOSE THEM TO LIFE SKILLS TRAINING AND REAL WORLD WORK EXPERIENCES THAT IMPROVES THEIR UPWARD MOBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YDI SERVED 236 YOUTH IN THE YEAR ENDED 6/30/23 WITH THE FOLLOWING KEY RESULTS (ACCORDING TO THE STRATEGIC PROGRAM EVALUATION PROTOCOL OUTCOME MEASURES STATUS REPORT): 92.7% OF YDI PARTICIPANTS SUCCESSFULLY OR SATISFACTORILY COMPLETED VOCATIONAL SKILL-BUILDING SERVICES AS INTENDED BY THE PROGRAM DESIGN/SERVICE PLAN.
TRANSPORTED YOUTH TO AND FROM OUR AFTERSCHOOL PROGRAM ALSO TRANSPORTED YOUTH ON EDUCATIONAL/EXPLORATION FIELD TRIPS.
CAREER & EMPLOYMENT PREPARATION, INTRODUCTION TO VOCATIONAL TRADES, AND CREDIT RECOVERY. EVERY YDI PROGRAM EXCEEDED GRANT GOALS AND EXPECTATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Potere Treasurer | OfficerTrustee | 1 | $0 |
Padowithz Alce Member | Trustee | 1 | $0 |
Sabrina Brown Secretary | OfficerTrustee | 1 | $0 |
Darryl Bego Executive Director | Officer | 45 | $72,108 |
Kristen Escew Member | Trustee | 1 | $0 |
Delvin Joyce Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $455,668 |
| All other contributions, gifts, grants, and similar amounts not included above | $382,573 |
| Noncash contributions included in lines 1a–1f | $117,910 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $838,241 |
| Total Program Service Revenue | $0 |
| Investment income | $7,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $943,717 |
| 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. | $72,000 |
| Compensation of current officers, directors, key employees. | $14,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,190 |
| Payroll taxes | $19,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,873 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,770 |
| Travel | $1,810 |
| 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 | $7,941 |
| Insurance | $7,698 |
| All other expenses | $121,461 |
| Total functional expenses | $684,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,040 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $155,356 |
| 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 | $5,149 |
| Net Land, buildings, and equipment | $19,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $535,639 |
| Accounts payable and accrued expenses | $1,394 |
| 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 | $1,394 |
| Net assets without donor restrictions | $534,245 |
| 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 | $535,639 |