Improve Your Tomorrow
- Assets
- $2.7m
- Revenue
- $3.1m
- Investments
- $9.6k
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 04/2014
- Data as of
- 06/2021
- EIN
- 46-2981774
Organization Overview
Improve Your Tomorrow is located in Sacramento, CA. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Improve Your Tomorrow 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 06/2021, Improve Your Tomorrow generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 55.1% each year . All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 51.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE AND MISSION OF THE ORGANIZATION IS TO INCREASE THE NUMBER OF YOUNG MEN OF COLOR TO ATTEND AND GRADUATE FROM 4-YEAR COLLEGES AND UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORSHIP, MEMBER DEVELOPMENT, PARENT ENGAGEMENT, INTERNSHIP PROGRAMS, COLLEGE TOURS AND TUTORING AT PARTNER SCHOOL SITES TO SERVE NEARLY 2,000 YOUNG MEN OF COLOR IN SACRAMENTO COUNTY, YOLO COUNTY AND SAN JOAQUIN COUNTY OF CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lynch CEO | Officer | 40 | $62,773 |
Michael Casper COO | Officer | 40 | $56,034 |
Jay Jefferson Treasurer | OfficerTrustee | 1 | $0 |
Susan Wheeler Secretary | OfficerTrustee | 1 | $0 |
Dr Harold Jackson Vice Chair | OfficerTrustee | 1 | $0 |
Monica Roberts Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $919,690 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,182,996 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,102,686 |
| Total Program Service Revenue | $1,014,313 |
| Investment income | $16 |
| 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 | $3,117,015 |
| 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. | $118,806 |
| Compensation of current officers, directors, key employees. | $26,069 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,199,591 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,221 |
| Payroll taxes | $118,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,163 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,503 |
| Advertising and promotion | $74,983 |
| Office expenses | $134,545 |
| Information technology | $8,479 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,554 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,564 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,342 |
| Insurance | $14,413 |
| All other expenses | $0 |
| Total functional expenses | $2,110,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $857,660 |
| Savings and temporary cash investments | $315,814 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,369,329 |
| 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 | $36,671 |
| Net Land, buildings, and equipment | $100,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,627 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,689,557 |
| Accounts payable and accrued expenses | $104,006 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $272,723 |
| Other liabilities | $163,375 |
| Total liabilities | $690,104 |
| Net assets without donor restrictions | $1,999,453 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,689,557 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Improve Your Tomorrow has recieved totaling $1,436,696.
| Awarding Organization | Amount |
|---|---|
Sierra Health Foundation Center For Health Program Management Sacramento, CA PURPOSE: IYT COVID-19 FAMILY ASSISTANCE PROGRAM | $751,434 |
Tipping Point Community San Francisco, CA PURPOSE: EDUCATION ISSUE AREA | $250,000 |
Stanislaus Community Foundation Modesto, CA | | $150,000 |
The California Endowment Los Angeles, CA PURPOSE: IMPROVING HEALTH OUTCOMES FOR BOYS AND YOUNG MEN OF COLOR: TO SUPPORT YOUTH ORGANIZING AND ADVOCACY CAPACITY FOR STUDENTS, PARENTS AND PROGRAM STAFF FOCUSED ON INCREASING ACCESS TO POST-SECONDARY EDUCATIONAL OPTIONS AS A MEANS TO IMPROVE HEALTH OUTCOMES FOR YOUNG MEN OF COLOR IN SACRAMENTO AND NORTHERN CENTRAL VALLEY COUNTIES. | $50,000 |
Kaiser Foundation Hospitals Oakland, CA PURPOSE: Improve Your Tomorrow: College Access And Graduati | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $25,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodcraft Rangers Los Angeles, CA | $7,179,034 | $18,872,695 |
Californians Dedicated To Education Foundation San Francisco, CA | $5,632,923 | $12,853,124 |
Coalition For Responsible Community Development Los Angeles, CA | $20,510,086 | $22,552,371 |
Young Community Developers San Francisco, CA | $10,175,438 | $17,514,811 |
Community Youth Center Of San Francisco San Francisco, CA | $17,880,445 | $17,282,098 |
Kupu Honolulu, HI | $10,299,309 | $11,230,476 |
Kids Unlimited Of Oregon Medford, OR | $20,008,929 | $11,933,756 |
Hunters Point Family San Francisco, CA | $3,079,045 | $12,434,856 |
Alliance For A Healthier Generation Inc Portland, OR | $19,826,978 | $16,732,492 |
Conservation Corps Of Long Beach Long Beach, CA | $9,166,980 | $11,871,279 |
We Hope East Palo Alto, CA | $4,717,112 | $7,572,079 |
San Francisco City Impact San Francisco, CA | $1,094,213 | $7,113,381 |