Youth Villages Foundation Inc
- Assets
- $399.1m
- Revenue
- $106.7m
- Investments
- $0.0
- Employees
- 44
- Location
- Memphis, TN
- Founding
- 11/1996
- Data as of
- 06/2023
- EIN
- 62-1652079
Organization Overview
Youth Villages Foundation Inc is located in Memphis, TN. The organization was established in 1996. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 06/2023, Youth Villages Foundation Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Villages Foundation 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 06/2023, Youth Villages Foundation Inc generated $106.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $42.1m during the year ending 06/2023. While expenses have increased by 5.5% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL AND SUPPORT SERVICES FOR YOUTH VILLAGES, INC., A TENNESSEE NON-PROFIT CORPORATION.
Describe the Organization's Program Activity:
THE ORGANIZATION PROVIDES FINANCIAL AND SUPPORT SERVICES FOR YOUTH VILLAGES, INC., A TENNESSEE NON-PROFIT CORPORATION. THE ORGANIZATION DOES NOT HAVE ANY PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Bruns Board Chairman/chair Emeri | OfficerTrustee | 4 | $0 |
Mark Allen Vice - Chairman | OfficerTrustee | 4 | $0 |
Vanessa Diffenbaugh Secretary | OfficerTrustee | 4 | $0 |
Gerald Laurain Treasurer | OfficerTrustee | 4 | $0 |
Jes Averhart Director | Trustee | 4 | $0 |
Frederick Burns Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Live Nation Worldwide Inc Event Planning/consulting Services | 6/29/23 | $381,802 |
Crush And Lovely Llc Event Planning/consulting Services | 6/29/23 | $268,428 |
Captrust Financial Advisors Investment Consulting | 6/29/23 | $253,599 |
V Productions Llc Event Production/consulting Services | 6/29/23 | $233,480 |
Aab Productions Inc Digital Strategy/consulting Services | 6/29/23 | $218,459 |
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 | $75,714,796 |
| Noncash contributions included in lines 1a–1f | $65,814 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,714,796 |
| Total Program Service Revenue | $0 |
| Investment income | $1,316,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,007,827 |
| Net Income from Fundraising Events | $672,778 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,711,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,274,163 |
| 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. | $545,676 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,007,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $504,779 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $785,538 |
| Advertising and promotion | $14,501 |
| Office expenses | $17,248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,997 |
| Travel | $74,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,937 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,599 |
| All other expenses | $0 |
| Total functional expenses | $42,129,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,484,565 |
| Pledges and grants receivable | $10,688,691 |
| 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 | $120,463 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $347,371,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,454,050 |
| Total assets | $399,118,894 |
| Accounts payable and accrued expenses | $24,977,706 |
| 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 | $78,602,670 |
| Total liabilities | $103,580,376 |
| Net assets without donor restrictions | $198,446,079 |
| Net assets with donor restrictions | $97,092,439 |
| 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 | $399,118,894 |
Grants Awarded
Over the last fiscal year, Youth Villages Foundation Inc has awarded $15,221,480 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH VILLAGES INC PURPOSE: GENERAL OPERATIONS | $13,176,722 |
YOUTH VILLAGES - GERMAINE LAWRENCE INC PURPOSE: GENERAL OPERATIONS | $2,044,758 |