Youth Incorporated
- Assets
- $477.4k
- Revenue
- $420.8k
- Investments
- $60.2k
- Employees
- 8
- Location
- Atlanta, GA
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 58-2592572
Organization Overview
Youth Incorporated is located in Atlanta, GA. The organization was established in 2002. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Youth Incorporated employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Incorporated 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 Incorporated generated $420.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $451.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 4 years. 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
ACTIVITIES FOR UNDERPRIVILEGED YOUTH, INCLUDING AFTER SCHOOL PROGRAMS, SPORT LEAGUES, AND SUMMER CAMPS. MISSION PROJECTS TO GIVE PRIVILEGED YOUTH EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH SERVICES - PROVIDED PROGRAMS SUCH AS BIBLE STUDY, SPORTS, TUTORING, SUMMER CAMP, AND VOCATIONAL EDUCATION CLASSES AND MISSION PROJECTS TO 18 MINISTRIES, INVOLVING 1085 YOUTH, AND 166 VOLUNTEERS, TEACHERS, AND COUNSELORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Teem President | OfficerTrustee | 40 | $173,783 |
Kerry Parker Chairman | OfficerTrustee | 0.25 | $0 |
David Shutley Treasurer | OfficerTrustee | 0.25 | $0 |
Rm Thad Warren Secretary | OfficerTrustee | 0.25 | $0 |
Hardy Brumfield Director | Trustee | 0.25 | $0 |
Dr Dozier Hood Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $395,088 |
| Total Program Service Revenue | $25,671 |
| Investment income | $15 |
| 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 | $420,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,078 |
| Grants and other assistance to domestic individuals. | $3,139 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,782 |
| Compensation of current officers, directors, key employees. | $17,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,833 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,768 |
| Advertising and promotion | $0 |
| Office expenses | $8,534 |
| Information technology | $1,418 |
| Royalties | $0 |
| Occupancy | $23,456 |
| Travel | $10,493 |
| 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 | $30,931 |
| Insurance | $16,140 |
| All other expenses | $3,190 |
| Total functional expenses | $451,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $181,685 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $684 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $118 |
| Net Land, buildings, and equipment | $228,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $60,248 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $477,403 |
| 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 | $7,693 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,693 |
| Net assets without donor restrictions | $443,238 |
| Net assets with donor restrictions | $26,472 |
| 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 | $477,403 |