Clearwater For Youth Inc
- Assets
- $5.5m
- Revenue
- $840.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Clearwater, FL
- Founding
- 01/1976
- Data as of
- 12/2021
- EIN
- 59-1408073
Organization Overview
Clearwater For Youth Inc is located in Clearwater, FL. The organization was established in 1976. 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 12/2021, Clearwater For Youth Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearwater For Youth Inc 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 12/2021, Clearwater For Youth Inc generated $840.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $568.7k during the year ending 12/2021. While expenses have increased by 10.8% 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.
Since 2015, Clearwater For Youth Inc has awarded 70 individual grants totaling $842,686. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SUPPORT TO DESERVING YOUTH AND THEIR SPORT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS CONSTRUCTIVE SPORTS PROGRAMS IN WHICH CHILDREN FROM ALL BACKGROUNDS IN THE CLEARWATER, FLORIDA AREA CAN PLAY TOGETHER AND LEARN TOGETHER BY REDUCING THE FINANCIAL BURDENS TO YOUTH GROUPS AND PARTICIPANTS, THROUGH SCHOLARSHIP OPPORTUNITIES, GRANT PROGRAMS, AND MATCHING FUNDS CHALLENGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kasey Smith Executive Director (1/1/21-5/24/21) | Officer | 40 | $69,520 |
Kevin Dunbar Executive Director(5/24/21-12/31/21) | Officer | 40 | $64,038 |
Brian Aungst Chair | OfficerTrustee | 1 | $0 |
Frederick Miller Vice Chair | OfficerTrustee | 1 | $0 |
Craig Gilman Treasurer | OfficerTrustee | 1 | $0 |
Michele Smith Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,790 |
| Related organizations | $0 |
| Government grants | $92,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,032 |
| Total Program Service Revenue | $0 |
| Investment income | $125,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $375,140 |
| Net Income from Fundraising Events | $9,721 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $840,270 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $181,000 |
| Grants and other assistance to domestic individuals. | $110,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,805 |
| Compensation of current officers, directors, key employees. | $17,256 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,280 |
| Payroll taxes | $15,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,461 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,308 |
| Fees for services: Other | $5,682 |
| Advertising and promotion | $3,622 |
| Office expenses | $5,845 |
| Information technology | $20,128 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,182 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,032 |
| All other expenses | $0 |
| Total functional expenses | $568,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,848 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $5,389,105 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,545,953 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,350,953 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,195,000 |
| Total liabilities and net assets/fund balances | $5,545,953 |
Grants Awarded
Over the last fiscal year, Clearwater For Youth Inc has awarded $161,276 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Clearwater, FL PURPOSE: ATHLETIC PROGRAM SUPPORT | $38,800 |
GREENWOOD PANTHERS INC PURPOSE: ATHLETIC PROGRAM SUPPORT | $35,520 |
Clearwater, FL PURPOSE: ATHLETIC PROGRAM SUPPORT | $15,250 |
Clearwater, FL PURPOSE: ATHLETIC PROGRAM SUPPORT | $14,385 |
Palm Harbor, FL PURPOSE: ATHLETIC PROGRAM SUPPORT | $13,085 |
CITY OF CLEARWATER PURPOSE: ATHLETIC PROGRAM SUPPORT | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Clearwater For Youth Inc has recieved totaling $72,278.
| Awarding Organization | Amount |
|---|---|
Tampa Bay Charities Inc Indian Shores, FL PURPOSE: OPERATIONS | $35,750 |
Copperhead Charities Inc Palm Harbor, FL PURPOSE: GENERAL SUPPORT | $25,000 |
Max & Al Jeane Beach Foundation Inc Clearwater, FL PURPOSE: CHARITABLE | $10,000 |
Kjs Family Foundation Las Vegas, NV PURPOSE: ANNUAL CONTRIBUTION | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Endowment Analysis
| Beg. Balance | $5,043,143 |
| Earnings | $623,363 |
| Other Expense | $277,400 |
| Ending Balance | $5,389,106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Florida Sports Foundation Inc Miami Gardens, FL | $3,501,457 | $5,911,638 |
Overtown Youth Center Inc Miami, FL | $20,047,097 | $6,462,586 |
Boys & Girls Clubs Of Volusia Flagler Counties Inc Deland, FL | $3,523,328 | $3,388,398 |
Boys And Girls Club Of Hernando County Inc Spring Hill, FL | $730,655 | $2,353,035 |
Police Athletic League Of Jacksonville Inc Jacksonville, FL | $3,358,081 | $1,944,581 |
For The Children Inc Lake Worth Beach, FL | $1,995,974 | $1,824,346 |
61103-Optimist Club Of Cooper City Cooper City, FL | $411,650 | $1,454,616 |
The John Foundation Riverview, FL | $7,959,830 | $9,289,223 |
In The City Camp Inc Atlanta, GA | $210,512 | $1,428,732 |
Pridelines Youth Services Inc Miami, FL | $117,994 | $1,095,323 |
Firehouse Youth Centre Inc Fort Pierce, FL | $1,056,534 | $1,234,459 |
Boys & Girls Clubs Of North Georgia Jasper, GA | $3,145,033 | $1,484,721 |