Carolina Youth Coalition
- Assets
- $2.5m
- Revenue
- $1.4m
- Investments
- $1.2m
- Employees
- 16
- Location
- Charlotte, NC
- Founding
- 03/2019
- Data as of
- 06/2022
- EIN
- 82-4313926
Organization Overview
Carolina Youth Coalition is located in Charlotte, NC. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Carolina Youth Coalition employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Youth Coalition 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 06/2022, Carolina Youth Coalition generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.4% each year . All expenses for the organization totaled $848.8k during the year ending 06/2022. While expenses have increased by 49.1% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE HIGH-PERFORMING, UNDER-RESOURCED STUDENTS TO ENTER, EXCEL AND GRADUATED FROM COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TORCH FELLOWS PROGRAM:ALSO KNOWN AS THE "COLLEGE SUCCESS PROGRAM," OUR FLAGSHIP PROGRAM PAIRS HIGH-PERFORMING,UNDER-RESOURCED HIGH SCHOOL STUDENTS CALLED "FELLOWS," WITH MENTORS AND A COMPREHENSIVE SET OF COLLEGE-PREPARATORY RESOURCES THROUGH A HIGH-TOUCH OUT-OF-SCHOOL TIME PROGRAM THAT INCLUDES PERSONALIZED COLLEGE APPLICATION GUIDANCE, ACT PREP, WRITING COACHING, COLLEGE TOURS, CAREER EXPLORATION, LEADERSHIP DEVELOPMENT, AND A TIGHT-KNIT COMMUNITY OF LIKE-MINDED PEERS. OUR GOAL IS TO ENSURE EACH FELLOW IS PREPARED TO IDENTIFY, GAIN ENTRANCE TO, AND SUCCESSFULLY MATRICULATE THROUGH A BEST-FIT COLLEGE WITH AS LITTLE DEBT AS POSSIBLE.162 FELLOWS IN GRADES 9-12 WERE ENROLLED IN THE TORCH FELLOWS PROGRAM FOR THE 2021-2022 SCHOOL YEAR, A 45% ANNUAL INCREASE.RESULTS:- 443 HOURS OF TUTORING PROVIDED- 795 HOURS OF MENTORING- 2.6 AVERAGE ACT SCORE GROWTH- 100% ACCEPTED TO 4-YEAR UNIVERSITIES-$13.2M IN SCHOLARSHIPS AND GRANTS EARNED, $3.5M IN SCHOLARSHIPS AND GRANTS REDEEMED- 67% ATTENDING COLLEGE DEBT-FREE
COLLEGE FELLOWS PROGRAM:COLLEGE FELLOWS - GRADUATES OF CYC'S TORCH FELLOWS PROGRAM TRANSITION TO BECOMING COLLEGE FELLOWS AND ARE ENROLLED IN THE COLLEGE PERSISTENCE PROGRAM TO ENSURE THEY SUCCESSFULLY TRANSITION TO AND PERSIST THROUGH COLLEGE. SERVICES INCLUDE INDIVIDUALIZED COLLEGE MATRICULATION SUPPORT DURING FRESHMAN AND SOPHOMORE YEAR, CONNECTION TO INTERNSHIP AND JOB OPPORTUNITIES, CAREER COACHING AND MENTORING, AND EMERGENCY FINANCIAL ASSISTANCE. OURGOAL IS TO ENSURE FELLOWS GRADUATE FROM COLLEGE WITH STRONG CAREER AND POSTGRADUATE PROSPECTS AND ARE ACTIVELY ENGAGED IN MAKING A CHANGE IN THEIR COMMUNITIES. 80 COLLEGE FELLOWS ARE ENROLLED IN THE PROGRAM FOR THE 2021-2022 SCHOOL YEAR. 97% OF CYC COLLEGE FELLOWS HAVE REMAINED ENROLLED IN COLLEGE AND ON TRACK TO GRADUATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Kissam Chair | OfficerTrustee | 10 | $0 |
Erica Crenshaw Vice Chair | OfficerTrustee | 5 | $0 |
Lashonda Fuselier Treasurer | OfficerTrustee | 2 | $0 |
Kelly Adamczyk Secretary | OfficerTrustee | 2 | $0 |
Dany Nisbet Board Member | Trustee | 2 | $0 |
Dan Kahn Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $108,703 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,426,533 |
| Noncash contributions included in lines 1a–1f | $20,807 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,545,236 |
| Total Program Service Revenue | $0 |
| Investment income | $103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$59,886 |
| Net Income from Fundraising Events | -$41,893 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,443,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $104,167 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $310,633 |
| Pension plan accruals and contributions | $8,963 |
| Other employee benefits | $33,493 |
| Payroll taxes | $36,312 |
| Fees for services: Management | $2,169 |
| Fees for services: Legal | $936 |
| Fees for services: Accounting | $21,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $101,111 |
| Office expenses | $19,424 |
| Information technology | $14,982 |
| Royalties | $0 |
| Occupancy | $43,680 |
| Travel | $12,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,860 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,269 |
| All other expenses | $27,627 |
| Total functional expenses | $848,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $985,985 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $91,399 |
| 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 | $164,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,222,757 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,465,131 |
| 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 | $2,465,131 |
| 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 | $2,465,131 |