Yellow Work Inc
- Assets
- $3.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Virginia Beach, VA
- Founding
- 12/2019
- Data as of
- 06/2022
- EIN
- 83-1806269
Organization Overview
Yellow Work Inc is located in Virginia Beach, VA. 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, Yellow Work Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yellow Work 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 06/2022, Yellow Work Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $854.0k during the year ending 06/2022. 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 EVEN THE ODDS FOR ALL KIDS THROUGH EDUCATION. WE FOCUS ON FIVE KEY PRIORITIES TO TRANSFORM EDUCATION AND TEACH FOR THE FUTURE: ABOLISH REMEDIAL, REVOLUTIONIZE TEACHING, INSPIRE ENTREPRENEURSHIP, NOURISH YOUTH, AND ENLIST COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMAZON EARSKETCH X YELLOW YELLOW, ALONG WITH AMAZON AND THE GEORGIA INSTITUTE OF TECHNOLOGY PARTNERED UP TO BRING EDUCATIONAL EXPERIENCES TO TEACH CODING WHILE KICK-STARTING MEANINGFUL CONVERSATIONS AMONG MIDDLE AND HIGH SCHOOL STUDENTS AND THEIR TEACHERS ABOUT THE IMPORTANCE OF RACIAL JUSTICE. THIS COLLABORATION CONCLUDES WITH A COMPETITION FOR STUDENTS TO SHARE THEIR OWN VOICES THROUGH REMIXING PHARRELL'S NEW SONG "ENTREPRENEUR" USING COMPUTER CODE ON GEORGIA TECH'S LEARN-TO-CODE-THROUGH-MUSIC PLATFORM, EARSKETCH. SUMMER OF INNOVATION THE SUMMER OF INNOVATION IS AN ONLINE CAMPAIGN TO FOSTER CREATIVITY AND ENTREPRENEURSHIP IN KIDS NATIONWIDE. WHETHER IT'S WITH A NEW BUSINESS IDEA, ART OR MUSIC PROJECT, A UNIQUE INVENTION, OR A HELPFUL SERVICE, THIS CAMPAIGN IS FOCUSED ON CHALLENGING KIDS TO FIND PROBLEMS THAT MATTER, AND THEN TO SOLVE THEM YELLOW COMMUNITY ENGAGEMENT EVENTS SERIES OF COMMUNITY ENGAGEMENT EVENTS AND COMMUNITY FORUMS TO GEAR UP FOR THE YELLOWHAB OPENING INCLUDING TURKEY GIVEAWAYS AND TOY GIVEAWAYS FOR THE HOLIDAYS. WARBY PARKER TEAM YELLOW JOINED THE COLLABORATION TO CREATE A "LENS OF POSSIBILITY" WORKSHOP SERIES OF VIDEOS AND ONLINE RESOURCES FOR THE NEXT GENERATION OF INNOVATORS, GROUNDBREAKERS AND OUTLIERS TO HELP USHER IN THE NEXT WAVE OF VISIONARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Owsley Executive Di | Trustee | 40 | $70,417 |
Nicole Avant Director | Trustee | 5 | $0 |
Ted Sarandos Director | Trustee | 5 | $0 |
Jane Rosenthal Director | Trustee | 5 | $0 |
Geoffrey Canada Board Chair | OfficerTrustee | 5 | $0 |
Pharrell Williams President/ce | OfficerTrustee | 5 | $0 |
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 | $2,782,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,782,861 |
| Total Program Service Revenue | $3,053 |
| Investment income | $0 |
| 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 | $2,785,914 |
| 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. | $70,417 |
| Compensation of current officers, directors, key employees. | $35,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,598 |
| Payroll taxes | $35,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,802 |
| Fees for services: Accounting | $21,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,076 |
| Advertising and promotion | $1,850 |
| Office expenses | $4,350 |
| Information technology | $16,763 |
| Royalties | $0 |
| Occupancy | $18,529 |
| Travel | $15,336 |
| 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 | $4,636 |
| Insurance | $4,014 |
| All other expenses | $22,268 |
| Total functional expenses | $853,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,261,091 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,100,000 |
| Accounts receivable, net | $648 |
| 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 | $25,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $330,075 |
| Total assets | $3,716,955 |
| Accounts payable and accrued expenses | $24,691 |
| 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 | $24,691 |
| Net assets without donor restrictions | -$47,013 |
| Net assets with donor restrictions | $3,739,277 |
| 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 | $3,716,955 |