Philadelphia Youth Network Inc
- Assets
- $14.1m
- Revenue
- $20.3m
- Investments
- $0.0
- Employees
- 3,287
- Location
- Philadelphia, PA
- Founding
- 10/1999
- Data as of
- 06/2022
- EIN
- 23-2993155
Organization Overview
Philadelphia Youth Network Inc is located in Philadelphia, PA. The organization was established in 1999. According to its NTEE Classification (O02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Youth Development and related organizations. As of 06/2022, Philadelphia Youth Network Inc employed 3,287 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Youth Network 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, Philadelphia Youth Network Inc generated $20.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $19.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. 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
TO CREATE COORDINATED SYSTEMS WHICH PROMOTE THE ATTAINMENT OF ACADEMIC ACHIEVEMENT, ECONOMIC OPPORTUNITY AND PERSONAL SUCCESS.IN 2021 2022, PYN AND PARTNERS PROVIDED MORE THAN 10,000 OPPORTUNITIES FOR YOUNG PHILADELPHIANS; MORE THAN 8,000 YOUNG PEOPLE PARTICIPATED IN WORKREADY SUMMER; 400 TEENS AND YOUNG ADULTS PARTICIPATED IN E3 PROGRAMS; 400 TEENS AND YOUNG ADULTS PARTICIPATED IN WORKREADY SCHOOL-YEAR; 1,000 YOUNG PEOPLE JOINED OUT OF SCHOOL-TIME PROGRAMS. WITH THE VISION OF ALLEVIATING POVERTY AND PROMOTING EQUITY THROUGH EDUCATION AND EMPLOYMENT, PYN HAS A PARTICULAR FOCUS ON BETTER SERVING YOUTH WHO FACE SYSTEMIC BARRIERS TO ACCESSING THESE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PYN PROVIDES CITY-WIDE ACCESS TO YOUTH WORKFORCE DEVELOPMENT SERVICES THROUGH A NETWORK OF OVER 95 NON-PROFIT ORGANIZATIONS. PYN CREATED 10,183 OPPORTUNITIES FOR TEENS AND YOUNG ADULTS IN PHILADELPHIA. IN FY22, PYN PROVIDED SERVICES TO YOUNG PEOPLE TO ENSURE CONTINUITY IN WORKFORCE AND EDUCATION SERVICES. PYN ALSO LAUNCHED NEW EFFORTS TO REMOVE BARRIERS TO PROGRAM PARTICIPATION SUCH AS THE EARLY QUALIFICATION INCENTIVE AND THE VITAL DOCUMENT FUND. YOUNG PEOPLE EARNED OVER $5M IN WAGES OR INCENTIVES, WITH INCREASED ACCESS TO DIGITAL LITERACY, FINANCIAL LITERACY, AND PROFESSIONAL SKILLS.
PYN COLLABORATES WITH LOCAL EMPLOYERS AND SECONDARY AND POST-SECONDARY EDUCATIONAL INSTITUTIONS TO INCREASE HIGH SCHOOL GRADUATION AND CONNECTION TO CAREER PATHWAYS. PYN PUBLISHES RESEARCH TO ADVANCE YOUTH WORKFORCE DEVELOPMENT AND INFORM BEST PRACTICES. PYN'S WORK TO CLOSE THE GAPS BETWEEN YOUTH SERVING SYSTEMS RESULTED IN MORE THAN 235,000 OPPORTUNITIES SINCE 1999.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chekemma Fulmore-Townsend President & CEO (thru 7/2022) | Officer | 50 | $207,644 |
Stephanie Gambone Executive Vice President (thru 2/2022) | Officer | 50 | $146,970 |
Karin Macbride Assistant Treasurer | Officer | 50 | $132,233 |
Michael Pompey Chief Information Officer | 50 | $129,955 | |
Douglas Oliver Board Vice Chair | OfficerTrustee | 2 | $0 |
Tracee Hunt Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jevs Human Services Programmatic Services | 6/29/22 | $1,418,921 |
Congreso De Latinos Unidos Inc Programmatic Services | 6/29/22 | $1,206,392 |
Peopleshare Llc Programmatic Services | 6/29/22 | $963,612 |
Urban Affairs Coalition Programmatic Services | 6/29/22 | $477,098 |
Department Of Recreation Programmatic Services | 6/29/22 | $315,552 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,341,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,412,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,753,351 |
| Total Program Service Revenue | $519,109 |
| Investment income | $554 |
| 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 | $20,273,014 |
| 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. | $505,214 |
| Compensation of current officers, directors, key employees. | $347,205 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,626,459 |
| Pension plan accruals and contributions | $42,220 |
| Other employee benefits | $394,201 |
| Payroll taxes | $306,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,113 |
| Fees for services: Accounting | $54,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,099,730 |
| Advertising and promotion | $0 |
| Office expenses | $111,387 |
| Information technology | $127,278 |
| Royalties | $0 |
| Occupancy | $760,240 |
| Travel | $35,726 |
| 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 | $104,352 |
| Insurance | $56,018 |
| All other expenses | $19,934 |
| Total functional expenses | $19,902,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,607,836 |
| Savings and temporary cash investments | $6,733,279 |
| Pledges and grants receivable | $4,454,180 |
| 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 | $114,163 |
| Net Land, buildings, and equipment | $98,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,410 |
| Total assets | $14,055,738 |
| Accounts payable and accrued expenses | $3,724,213 |
| Grants payable | $0 |
| Deferred revenue | $894,888 |
| 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 | $4,619,101 |
| Net assets without donor restrictions | $5,868,141 |
| Net assets with donor restrictions | $3,568,496 |
| 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 | $14,055,738 |
Grants Awarded
Over the last fiscal year, Philadelphia Youth Network Inc has awarded $9,677,129 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: To provide training | $1,177,984 |
Philadelphia, PA PURPOSE: To provide training | $855,713 |
Philadelphia, PA PURPOSE: To provide training | $839,205 |
Philadelphia, PA PURPOSE: To provide training | $757,212 |
Philadelphia, PA PURPOSE: To provide training | $622,498 |
Philadelphia, PA PURPOSE: To provide training | $489,421 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Philadelphia Youth Network Inc has recieved totaling $1,832,726.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $500,000 |
The Aspen Institute Inc Washington, DC PURPOSE: COLLABORATION ON ECONOMIC OPPORTUNITIES PROGRAM REIMAGINE RETAIL PROJECT | $200,000 |
Annie E Casey Foundation Baltimore, MD PURPOSE: SUPPORT FOR IMPLEMENTING DEMAND-DRIVEN AND POSITIVE YOUTH DEVELOPMENT STRATEGIES THROUGH GENERATION WORK | $160,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $150,609 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $150,609 |
William Penn Foundation Philadelphia, PA PURPOSE: SUMMER BRIDGE PARTICIPATION FOR 9TH & 10TH GRADERS | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth For Tomorrow New Life Center Inc Bristow, VA | $9,215,138 | $38,263,991 |
Alternative Education Academy Akron, OH | $8,266,600 | $36,695,816 |
Greater Lawrence Community Action Council Inc Lawrence, MA | $13,811,319 | $36,537,114 |
National 4-H Council Chevy Chase, MD | $137,934,120 | $128,261,225 |
Aspira Inc Of Pennsylvania Philadelphia, PA | $16,896,454 | $35,689,519 |
Generation - You Employed Inc Washington, DC | $32,196,758 | $17,956,702 |
Young Americas Foundation Reston, VA | $108,030,545 | $39,445,693 |
Police Athletic League Inc New York, NY | $36,398,087 | $28,810,897 |
Keybank Foundation Cleveland, OH | $2,694,800 | $14,938,046 |
Boys And Girls Clubs Of Boston Inc Boston, MA | $113,014,410 | $21,091,884 |
Boys And Girls Club Of Delaware Inc Wilmington, DE | $49,111,255 | $33,260,113 |
Ideastream Cleveland, OH | $47,798,321 | $23,794,645 |