Cby25 Initiative Inc
- Assets
- $128.7k
- Revenue
- $164.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Lakeland, FL
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 74-3239498
Organization Overview
Cby25 Initiative Inc is located in Lakeland, FL. The organization was established in 2008. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Cby25 Initiative Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cby25 Initiative 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 12/2022, Cby25 Initiative Inc generated $164.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $173.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 8 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
OUR MISSION IS TO ENSURE THAT FOSTER CARE YOUTH ARE EDUCATED, HOUSED, BANKED, EMPLOYED AND CONNECTED TO A SUPPORT SYSTEM BY AGE 25.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CBY25 INITIATIVE, INC. PROVIDES TECHNICAL ASSISTANCE AND TRAINING TO ORGANIZATIONS THAT SERVE YOUTH IN FOSTER CARE AND/OR THE JUVENILE JUSTICE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Zambito CEO | OfficerTrustee | 40 | $75,000 |
Joseph W Clark Board Secret | Trustee | 1 | $0 |
Alvo M Oddis Board Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $157,346 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,846 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| 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 | $164,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,320 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation of current officers, directors, key employees. | $11,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,806 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,754 |
| Payroll taxes | $8,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,284 |
| Information technology | $4,000 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $3,256 |
| All other expenses | $0 |
| Total functional expenses | $173,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,523 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,659 |
| Accounts payable and accrued expenses | $2,091 |
| Grants payable | $0 |
| Deferred revenue | $116,070 |
| 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 | $118,161 |
| Net assets without donor restrictions | $10,498 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $128,659 |
Grants Awarded
Over the last fiscal year, Cby25 Initiative Inc has awarded $160,642 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ECKERD COMMUNITY ALTERNATIVES PURPOSE: OPPORTUNITY PASSPORT | $25,000 |
CAMELOT COMMUNITY CARE PURPOSE: REACH FOR THE STARS | $29,513 |
ECKERD YOUTH ALTERNATIVES PURPOSE: EDUCATION PROGRAM | $106,129 |