Partners For Youth
- Assets
- $472.5k
- Revenue
- $559.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Durham, NC
- Founding
- 03/2004
- Data as of
- 06/2020
- EIN
- 35-2206640
Organization Overview
Partners For Youth is located in Durham, NC. The organization was established in 2004. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. As of 06/2020, Partners For Youth employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners For Youth 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 06/2020, Partners For Youth generated $559.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $508.9k during the year ending 06/2020. While expenses have increased by 8.6% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PARTNERS FOR YOUTH OPPORTUNITY (PYO) DISRUPTS SYSTEMIC INEQUALITY BY PARTNERING WITH DURHAM YOUTH TO ACCESS THE EDUCATIONAL, ECONOMIC, AND SOCIAL ASSETS THEY NEED TO EXPERIENCE A SELF-DETERMINED AND SUSTAINABLE LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERS IN YOUTH OPPORTUNITY IS A MULTI-YEAR, MULTI-SERVICE PROGRAM SERVING STUDENTS STARTING AS EARLY AS 8TH GRADE FROM DURHAM COUNTY, NC. WE FOLLOW OUR STUDENTS THROUGHOUT THEIR FIRST YEAR OF COLLEGE. WE CHOOSE OUR STUDENTS BASED ON THE FOLLOWING CRITERIA: -QUALIFY FOR FREE AND REDUCED LUNCH -ARE FIRST GENERATION IMMIGRANTS -HAVE FAMILY MEMBERS PREVIOUSLY OR CURRENTLY INCARCERATED WE PROVIDE WORKFORCE DEVELOPMENT, ACADEMIC SUPPORT, COMMUNITY-BASED MENTORING AND OPPORTUNITIES TO CONNECT WITH MENTORS. IN FY20, PYO SERVED 122 INDIVIDUAL YOUTH IN MULTIPLE COMPONENTS OF OUR SERVICES. EVALUATION RESULTS INCLUDE: - HIGH SCHOOL ON-TIME GRADUATION RATES, WITH WORK-BASED LEARNING:98% OF PYO STUDENTS GRADUATED HIGH SCHOOL ON TIME, AND NO PYO STUDENT HAS DROPPED OUT OF HIGH SCHOOL. 90% OF ALL PYO HIGH SCHOOL STUDENTS PARTICIPATED IN AT LEAST ONE PAID INTERNSHIP BEFORE HIGH SCHOOL GRADUATION. - LOW-DEBT POST-SECONDARY EDUCATION ENROLLMENT AND PERSISTENCE: 95% OF PYO YOUTH ENROLL IN POST-SECONDARY EDUCATION, AND 66% OF THOSE STUDENTS ARE PERSISTING IN POST-SECONDARY EDUCATION (WHICH OUTPERFORMS THE NATIONAL AVERAGE FOR STUDENTS OF THEIR SOCIOECONOMIC STATUS BY 600%) AND 70% OF THESE STUDENTS ARE ON TRACK TO GRADUATE WITH LESS THAN $10,000 IN DEBT.
PARTNERS IN YOUTH OPPORTUNITY IS A MULTI-YEAR, MULTI-SERVICE PROGRAM SERVING STUDENTS STARTING AS EARLY AS 8TH GRADE FROM DURHAM COUNTY, NC. WE FOLLOW OUR STUDENTS THROUGHOUT THEIR FIRST YEAR OF COLLEGE. WE CHOOSE OUR STUDENTS BASED ON THE FOLLOWING CRITERIA: -QUALIFY FOR FREE AND REDUCED LUNCH -ARE FIRST GENERATION IMMIGRANTS -HAVE FAMILY MEMBERS PREVIOUSLY OR CURRENTLY INCARCERATED WE PROVIDE WORKFORCE DEVELOPMENT, ACADEMIC SUPPORT, COMMUNITY-BASED MENTORING AND OPPORTUNITIES TO CONNECT WITH MENTORS. IN FY20, PYO SERVED 122 INDIVIDUAL YOUTH IN MULTIPLE COMPONENTS OF OUR SERVICES. EVALUATION RESULTS INCLUDE: - HIGH SCHOOL ON-TIME GRADUATION RATES, WITH WORK-BASED LEARNING:98% OF PYO STUDENTS GRADUATED HIGH SCHOOL ON TIME, AND NO PYO STUDENT HAS DROPPED OUT OF HIGH SCHOOL. 90% OF ALL PYO HIGH SCHOOL STUDENTS PARTICIPATED IN AT LEAST ONE PAID INTERNSHIP BEFORE HIGH SCHOOL GRADUATION. - LOW-DEBT POST-SECONDARY EDUCATION ENROLLMENT AND PERSISTENCE: 95% OF PYO YOUTH ENROLL IN POST-SECONDARY EDUCATION, AND 66% OF THOSE STUDENTS ARE PERSISTING IN POST-SECONDARY EDUCATION (WHICH OUTPERFORMS THE NATIONAL AVERAGE FOR STUDENTS OF THEIR SOCIOECONOMIC STATUS BY 600%) AND 70% OF THESE STUDENTS ARE ON TRACK TO GRADUATE WITH LESS THAN $10,000 IN DEBT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Wells Executive Dir. | Officer | 40 | $62,311 |
Jeannie Sollars Chair | OfficerTrustee | 2 | $0 |
Tony Chavez Vice Chair | OfficerTrustee | 1 | $0 |
Kai Caraganis Treasurer | OfficerTrustee | 1 | $0 |
Annette Read Secretary | OfficerTrustee | 1 | $0 |
Craig Savage Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $574,506 |
| Investment income | $1,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,921 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $559,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $25,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,639 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,169 |
| Payroll taxes | $18,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,608 |
| Advertising and promotion | $0 |
| Office expenses | $4,765 |
| Information technology | $2,517 |
| Royalties | $0 |
| Occupancy | $18,211 |
| Travel | $2,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,129 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,582 |
| All other expenses | $0 |
| Total functional expenses | $508,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,330 |
| Savings and temporary cash investments | $97,910 |
| Pledges and grants receivable | $51,823 |
| Accounts receivable, net | $579 |
| 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 | $193 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,623 |
| Total assets | $472,458 |
| Accounts payable and accrued expenses | $53,235 |
| 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 | $53,235 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $419,223 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Partners For Youth has recieved totaling $146,520.
| Awarding Organization | Amount |
|---|---|
United Way Of The Greater Triangle Inc Durham, NC PURPOSE: GENERAL SUPPORT | $50,610 |
United Way Of The Greater Triangle Inc Durham, NC PURPOSE: GENERAL SUPPORT | $50,610 |
A J Fletcher Foundation Raleigh, NC PURPOSE: HIGH SCHOOL MENTORING PROGRAM | $25,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: STIPENDS FOR APPRENTICESHIPS | $20,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $100 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Brothers & Big Sisters Of Middle Tennessee Nashville, TN | $6,116,163 | $7,647,384 |
100 Black Men Of America Inc Atlanta, GA | $7,881,351 | $7,585,339 |
Barefoot Republic Inc Franklin, TN | $3,769,546 | $1,774,657 |
Transforming Youth Movement Concord, NC | $160,367 | $881,473 |
Communities In Shcools Of Northwest North Carolina Moravian Falls, NC | -$29,742 | $814,550 |
Communities In Schools Of Chatham County Siler City, NC | $819,325 | $761,451 |
Partners For Youth Durham, NC | $472,458 | $559,116 |
Big Brothers Big Sisters Of The Upstate Inc Greenville, SC | $729,324 | $901,141 |
Surry County Friends Of Youth Incorporated Mount Airy, NC | $115,547 | $365,269 |
Volunteers For Youth Inc Carrboro, NC | $87,162 | $315,113 |
Mentor Me - North Georgia Inc Cumming, GA | $214,878 | $300,827 |
Good City Mentors Southport, NC | $293,016 | $361,692 |