Young Horizons
- Assets
- $3.1m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 87
- Location
- Long Beach, CA
- Founding
- 01/1970
- Data as of
- 06/2022
- EIN
- 23-7049621
Organization Overview
Young Horizons is located in Long Beach, CA. The organization was established in 1970. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Young Horizons employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Horizons 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, Young Horizons generated $5.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 4.8% 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
TO PROVIDE QUALITY CHILD CARE AND STATE PRE-SCHOOL PROGRAMS TO CHILDREN OF LOW-INCOME FAMILIES IN LONG BEACH IN A CARING, LOVING AND LEARNING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUNG HORIZONS OPERATES CALIFORNIA AFFORDABLE PRESCHOOL AND CHILD CARE DEVELOPMENT PROGRAMS AT FIVE DIFFERENT FACILITIES IN THE CITY OF LONG BEACH CALIFORNIA FOR LOW-INCOME FAMILIES. IT OPERATES A CALIFORNIA STATE PRESCHOOL PROGRAM PROVIDING FULL DAY AND 2-PART DAY PRESCHOOL SESSIONS TO APPROXIMATELY 300 CHILDREN ANNUALLY AT 5 DIFFERENT FACILITIES. IT ALSO OPERATES A CALIFORNIA STATE CHILD CARE PROGRAM PROVIDING FULLTIME CHILDCARE FOR APPROXIMATELY 76 INFANTS AND TODDLERS ANNUALLY AT 2 DIFFERENT FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah M Soriano Executive Dir. | Officer | 40 | $101,883 |
Jake Mooney Chair | OfficerTrustee | 2 | $0 |
Frank Gutierrez Treasurer | OfficerTrustee | 2 | $0 |
Alejandra Albarran Moses Secretary | OfficerTrustee | 2 | $0 |
Roger Scott Board | Trustee | 2 | $0 |
Kris Gragson Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,677 |
| Related organizations | $0 |
| Government grants | $4,749,163 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,956 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,973,796 |
| Total Program Service Revenue | $0 |
| Investment income | $1,592 |
| 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 | $4,975,388 |
| 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. | $121,239 |
| Compensation of current officers, directors, key employees. | $7,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,990,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $313,808 |
| Payroll taxes | $202,766 |
| 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 | $55,795 |
| Advertising and promotion | $0 |
| Office expenses | $12,402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,026 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,419 |
| Insurance | $40,900 |
| All other expenses | $207,032 |
| Total functional expenses | $4,678,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,693,250 |
| Savings and temporary cash investments | $330,888 |
| Pledges and grants receivable | $5,237 |
| Accounts receivable, net | $31,991 |
| 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 | $53,230 |
| Net Land, buildings, and equipment | $1,028,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,143,385 |
| Accounts payable and accrued expenses | $367,265 |
| Grants payable | $0 |
| Deferred revenue | $784,847 |
| 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 | $329,268 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $822,219 |
| Total liabilities | $2,303,599 |
| Net assets without donor restrictions | $784,636 |
| Net assets with donor restrictions | $55,150 |
| 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 | $3,143,385 |