Young Americans Education Foundation
- Assets
- $18.9m
- Revenue
- $3.5m
- Investments
- $8.1m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 11/1988
- Data as of
- 12/2023
- EIN
- 74-2513428
Organization Overview
Young Americans Education Foundation is located in Denver, CO. The organization was established in 1988. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, 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. Young Americans Education Foundation 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 12/2023, Young Americans Education Foundation generated $3.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BANK PROVIDES YOUTH FINANCIAL EDUCATION THROUGH HANDS-ON EXPERIENCE IN YOUNG AMERICANS BANK - THE FOUNDATION PROVIDES OVERSIGHT FOR AND IS ACTIVELY INVOLVED IN THE ACTIVITIES OF ITS YOUTH-ONLY BANK SUBSIDIARY, WHICH REACHES YOUTH UNDER THE AGE OF 22 WITH FINANCIAL EDUCATION THROUGH HANDS-ON BANK PRODUCTS AND RELATED CLASSES, AND ACTIVITIES. THE BANK REACHED OVER 18,406 PARTICIPANTS IN 2023. THE FOUNDATION'S EXPENSES UNDER THIS ACTIVITY TOTALED 1,876,576 INCLUDING A DIRECT GRANT OF 1,135,000.
YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION AND ITS RELATED YOUTH FINANCIAL EDUCATION PROGRAMS - THE FOUNDATION PROVIDES OVERSIGHT AND COORDINATION FOR ITS PROGRAM AFFILIATE, YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION. THIS PROGRAM-DELIVERY AFFILIATE REACHED OVER 37,950 YOUTH IN 2023. THE FOUNDATION ALSO PROVIDES OVERSIGHT FOR THE YOUTH ADVISORY BOARD WHICH PROVIDES A CURRICULUM ADVISORY ROLE, YOUTH FEEDBACK AND EXPERTISE TO ASSIST THE ORGANIZATION IN DELIVERING FINANCIAL EDUCATIONAL PROGRAMS FOR YOUTH. THE FOUNDATION'S EXPENSES UNDER THIS ACTIVITY TOTALED 891,180.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Martinez Jr CEO To 3/24 | 36.5 | $509,398 | |
Andrew Hancock Interim Pres | 17.5 | $76,531 | |
Dustin Zvonek Pres.& CEO | 17.5 | $25,601 | |
Sue Euser VP Admin | 5 | $17,099 | |
Lauren Brozinski Cntlr&treas. | 13 | $48,613 | |
Norm Franke Chairman | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gyan-i Inc | 12/30/23 | $115,000 |
Meriplex Solutions | 12/30/23 | $78,426 |
Hendrick Struggles | 12/30/23 | $134,231 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,133,621 |
| Interest on Savings | $0 |
| Dividends & Interest | $141,792 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,207 |
| Capital Gain Net Income | $56,207 |
| Net ST Capital Gain | $4,601 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $188,081 |
| Total Revenue | $3,519,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $677,242 |
| Other employee salaries and wages | $13,053 |
| Pension plans, employee benefits | $83,287 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $425,176 |
| Occupancy | $557,148 |
| Travel, conferences, and meetings | $4,474 |
| Printing and publications | $1,270 |
| Other expenses | $149,332 |
| Total operating and administrative expenses | $2,351,719 |
| Contributions, gifts, grants paid | $1,135,000 |
| Total expenses and disbursements | $3,486,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,939 |
| Savings and temporary cash investments | $67,635 |
| Net Accounts receivable | $126,566 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $60,035 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,055,766 |
| Net Land, buildings, and equipment | $9,209,777 |
| Other assets | $1,034,442 |
| Total assets | $18,898,160 |
| Accounts payable and accrued expenses | $213,419 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $11,135 |
| Total liabilities | $224,554 |
Grants Awarded
Over the last fiscal year, Young Americans Education Foundation has awarded $1,987,322 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG AMERICANS BANK PURPOSE: GRANT FOR OPERATIONS | $1,725,000 |
YOUNG AMERICANS CENTER FO PURPOSE: GRANT FOR OPERATIONS | $262,322 |