Boston Asian Youth Essential Service
- Assets
- $3.3m
- Revenue
- $633.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Boston, MA
- Founding
- 05/1973
- Data as of
- 06/2022
- EIN
- 23-7288855
Organization Overview
Boston Asian Youth Essential Service is located in Boston, MA. The organization was established in 1973. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Boston Asian Youth Essential Service employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Asian Youth Essential Service 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, Boston Asian Youth Essential Service generated $633.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $642.2k during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 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
YOUTH ESSENTIAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREVENTION AND INTERVENTION SERVICES FOR ASIAN YOUTH: COUNSELING AND CASE MANAGEMENT; EDUCATION AND EMPLOYMENT SERVICES; YOUTH LEADERSHIP TRAINING AND ENGAGEMENT; DELINQUENCY PREVENTION; WELLNESS PROGRAMS; YOUTH DEVELOPMENT WORKSHOPS, AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Tse Vice President | OfficerTrustee | 1 | $0 |
Jennie Chau Treasurer | OfficerTrustee | 1 | $0 |
Janel Wong President | OfficerTrustee | 1 | $0 |
I'esha Brown Director | Trustee | 1 | $0 |
Michael Kozu Director | Trustee | 1 | $0 |
Julie Sung Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $308,789 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,101 |
| Noncash contributions included in lines 1a–1f | $38,448 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $623,890 |
| Total Program Service Revenue | $0 |
| Investment income | $5,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,603 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $633,344 |
| 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. | $63,000 |
| Compensation of current officers, directors, key employees. | $12,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,500 |
| Payroll taxes | $23,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,300 |
| Advertising and promotion | $0 |
| Office expenses | $1,182 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,803 |
| Travel | $3,533 |
| 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 | $100,070 |
| Insurance | $4,309 |
| All other expenses | $10,002 |
| Total functional expenses | $642,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,848 |
| Savings and temporary cash investments | $742,791 |
| Pledges and grants receivable | $184,124 |
| 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 | $8,855 |
| Net Land, buildings, and equipment | $1,847,786 |
| Investments—publicly traded securities | $122,101 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,600 |
| Total assets | $3,270,105 |
| Accounts payable and accrued expenses | $54,101 |
| 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 | $54,101 |
| Net assets without donor restrictions | $3,008,761 |
| Net assets with donor restrictions | $207,243 |
| 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 | $3,270,105 |