Youth Empowerment Finest Inc
- Assets
- $238.8k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 25
- Location
- San Diego, CA
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 47-4341536
Organization Overview
Youth Empowerment Finest Inc, operating under the name Youth Empowerments Finest, is located in San Diego, CA. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Youth Empowerments Finest employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Empowerments Finest 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, Youth Empowerments Finest generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 44.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. 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
MENTORSHIP AND GANG PREVENTION PROGRAMS FOR AT-RISK YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022 YEF OBTAINED ADDITIONAL GRANTS AND OTHER AVAILABLE FUNDING TO UNDERWRITE THE ORGANIZATIONS PRIMARY PURPOSE OF ESTABLISHING AND SUPERVISING PROGRAMS DESIGNED TO ASSIST AT-RISK YOUTH IN MENTORING THEM AWAY FROM GANG RELATED ACTIVITIES. TO ACCOMPLISH THIS IN 2022 THE ORGANIZATION WAS ABLE TO SOLIDIFY AND EXPAND ALL OF OUR PROGRAMS, WITH THE PARTICIPATION OF OUR CLIENTS. THE ORGANIZATION THROUGH ITS PROGRAMS CONTINUED TO SUCCESSFULLY GRADUATE PARTICIPANTS AS WELL AS COMPLETING PROBATION WITH BOTH ADULT AND YOUTH PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Soriano President | OfficerTrustee | 40 | $175,032 |
Jesus Sandoval Board Member | Trustee | 0 | $0 |
Steven D Vigil Board Member | Trustee | 0 | $0 |
Reginald Washington Vice President | OfficerTrustee | 20 | $0 |
Leticia Bombardier Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $817,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $916,698 |
| Total Program Service Revenue | $244,982 |
| Investment income | $18 |
| 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 | $1,165,399 |
| 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. | $175,032 |
| Compensation of current officers, directors, key employees. | $17,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $618,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,055 |
| Payroll taxes | $58,791 |
| Fees for services: Management | $181,703 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,848 |
| Office expenses | $24,727 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,018 |
| Travel | $14,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,216 |
| Insurance | $26,584 |
| All other expenses | $31,078 |
| Total functional expenses | $1,295,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,892 |
| Savings and temporary cash investments | $79,091 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $21,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $238,805 |
| Accounts payable and accrued expenses | $0 |
| 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 | $317,700 |
| Total liabilities | $317,700 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | -$78,895 |
| Total liabilities and net assets/fund balances | $238,805 |