Nac-Save Our Youth Foundation
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 30-0358715
Organization Overview
Nac-Save Our Youth Foundation is located in Norfolk, VA. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nac-Save Our Youth Foundation 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 12/2022, Nac-Save Our Youth Foundation generated $46.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 64.0% each year . All expenses for the organization totaled $11.3k during the year ending 12/2022. While expenses have increased by 42.2% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROVIDED SCHOLARSHIPS TO DESERVING YOUNG MEN FOR HIGHER EDUCATION IN THE AMOUNT OF $3,500 IN 2021 AND PROVIDED $350 TO HIGH SCHOOL SENIORS TO ASSIST WITH SENIOR EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caleb Cooper President | 2 | $0 | |
A Keith Chapman Sr Vice President | 2 | $0 | |
Timothy Lamb Treasurer | 2 | $0 | |
Derrick Parramore Financial Secretary | 2 | $0 | |
George Reed Secretary | 3 | $0 | |
William Milligan III Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $300 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $23,185 |
| Other Revenue | $0 |
| Total Revenue | $46,485 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,800 |
| Total expenses | $11,300 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |