Young Americans Center For Financial Education
- Assets
- $4.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 40
- Location
- Denver, CO
- Founding
- 10/2001
- Data as of
- 12/2021
- EIN
- 84-1564926
Organization Overview
Young Americans Center For Financial Education is located in Denver, CO. The organization was established in 2001. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Young Americans Center For Financial Education employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Americans Center For Financial Education 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 12/2021, Young Americans Center For Financial Education generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP FINANCIAL LITERACY OF YOUNG PEOPLE THROUGH REAL-LIFE EXPERIENCES AND HANDS-ON PROGRAMS.YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION IS COMMITTED TO DEVELOPING THE FINANCIAL LITERACY OF YOUNG PEOPLE THROUGH REAL-LIFE EXPERIENCES AND HANDS-ON PROGRAMS PURPOSEFULLY DESIGNED TO ENABLE THEM TO PROSPER IN THE FREE ENTERPRISE SYSTEM. SINCE 1989, MORE THAN 810,000 YOUTH HAVE BENEFITED FROM THESE NONPROFIT PROGRAMS THAT BUILD LIFE SKILLS, WORK SKILLS, AND FINANCIAL SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUNG AMERITOWNE IS A HANDS-ON PROGRAM THAT INTRODUCES 5TH GRADERS FROM ELEMENTARY SCHOOLS THROUGHOUT COLORADO TO OUR FREE ENTERPRISE SYSTEM. THE THIRTY-SEVEN LESSON CURRICULUM TAUGHT IN THE SCHOOL BY THE TEACHER CULMINATES WHEN THE STUDENTS RUN A LIFE-LIKE TOWN OF 17 BUSINESSES FOR A DAY, BRINGING THEIR LEARNING TO LIFE AND EXPERIENCING FREE ENTERPRISE FIRST-HAND. PARTICIPATION: 9,819 DURING 2021.
YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION ALSO OFFERS A VARIETY OF ENTREPRENEURSHIP TRAINING PROGRAMS THROUGH OUR YOUTHBIZ DIVISION. SERVING DENVER-AREA YOUTH AGES 11 TO 18 WITH TARGETED FOCUS ON THOSE FROM LOW-INCOME, UNDERSERVED SCHOOLS AND NEIGHBORHOODS, YOUTH LEARN THE FOUNDATIONS OF BUSINESS AND ENTREPRENEURSHIP ENABLING THEM TO IDENTIFY OPPORTUNITIES AND TO DEVELOP PRODUCTS AND SERVICES THAT CREATE VALUE. YOUTHBIZ OFFERS TWO PROGRAMS, STARTUP AND OUT-OF-THE-BOX. STARTUP IS AN ENTRY LEVEL PROGRAM DESIGNED TO TEACH YOUTH THE BASICS OF ENTREPRENEURSHIP INCLUDING NEED IDENTIFICATION, PROTOTYPE DEVELOPMENT AND BUSINESS PITCH. YOUTHBIZ OUT-OF-THE-BOX TAKES STUDENTS FURTHER INTO THE PRODUCTION AND SALES CYCLES WITH REAL RETAIL OPPORTUNITIES, SUCH AS OUR YOUTHBIZ MARKETPLACE. IN 2021, YOUTHBIZ SERVED 1408 STUDENTS.
INTERNATIONAL TOWNE IS A ONE-OF-A-KIND PROGRAM THAT INTRODUCES MIDDLE SCHOOL STUDENTS TO THE FINANCIAL REALITIES OF THE GLOBAL MARKETPLACE. AFTER WEEKS OF CLASSROOM LESSONS AND ACTIVITIES, THE STUDENTS-TURNED-WORLD-CITIZENS COME TO INTERNATIONAL TOWNE TO RUN THE SIXTEEN-COUNTRY WORLD FOR A DAY, EXPERIENCING THE ECONOMIC CONCEPTS OF GLOBAL TRADING, CURRENCY EXCHANGE, IMPORTING AND EXPORTING, AND CULTURAL VALUES. PARTICIPATION: 2,802 STUDENTS DURING 2021.
YOUTHBIZ MARKETPLACE PROVIDES A FORUM WHERE YOUTH CAN SELL THEIR UNIQUE HANDMADE PRODUCTS OR SERVICES TO THE PUBLIC TWICE A YEAR, IN WINTER AND SPRING. YOUTHBIZ STARS, A CELEBRATION OF YOUNG ENTREPRENEURS, IS A COLORADO BUSINESS COMPETITION FOR 6-21 YEAR-OLD ENTREPRENEURS. IN ADDITION, THE ORGANIZATION ALSO CONDUCTED A VARIETY OF COMMUNITY OUTREACH PROGRAMMING INCLUDING MONEY MATTERS CLASSES, TOURS AND PRESENTATIONS. RURAL YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION, LLC IN WRAY, COLORADO OFFERS RURAL YOUNG AMERITOWNE TO SCHOOLS IN EASTERN COLORADO AND ACROSS THE BORDERS OF KANSAS AND NEBRASKA. 468 STUDENTS ATTENDED RURAL YOUNG AMERICANS IN 2021.IN ADDITION, YOUNG AMERICANS CENTER FOR FINANCIAL EDUCATION RUNS WEEKLY DAY CAMPS THROUGHOUT THE SUMMER. THEMES FOR THE CAMPS INCLUDE PERSONAL FINANCE AND BANKING, FREE ENTERPRISE, GLOBAL ECONOMICS AND ENTREPRENEURSHIP. SUMMER CAMP PARTICIPATION WAS 625 YOUTH IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Martinez Jr President & CEO | OfficerTrustee | 13.1 | $84,577 |
Sue Euser VP Admin, Secretary | Officer | 17.3 | $44,451 |
Lauren Brozinski Controller, Treasurer | Officer | 12.9 | $31,187 |
David Wolf Chair | OfficerTrustee | 2 | $0 |
Chris Andrea Director | Trustee | 2 | $0 |
Jacob Payne Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $265,052 |
| Related organizations | $373,807 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,237,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,875,975 |
| Total Program Service Revenue | $409,689 |
| Investment income | $689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,000 |
| Net Rental Income | $21,612 |
| 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 | $2,339,040 |
| 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. | $186,929 |
| Compensation of current officers, directors, key employees. | $133,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $831,823 |
| Pension plan accruals and contributions | $17,160 |
| Other employee benefits | $103,248 |
| Payroll taxes | $77,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,533 |
| Advertising and promotion | $4,811 |
| Office expenses | $156,351 |
| Information technology | $26,165 |
| Royalties | $0 |
| Occupancy | $19,303 |
| Travel | $5,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $310 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,804 |
| Insurance | $8,712 |
| All other expenses | $0 |
| Total functional expenses | $1,659,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,276,394 |
| Savings and temporary cash investments | $1,089,752 |
| Pledges and grants receivable | $344,962 |
| Accounts receivable, net | $55,168 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,393 |
| Prepaid expenses and deferred charges | $11,193 |
| Net Land, buildings, and equipment | $358,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $535 |
| Total assets | $4,183,298 |
| Accounts payable and accrued expenses | $66,534 |
| Grants payable | $0 |
| Deferred revenue | $100,272 |
| 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 | $59,944 |
| Total liabilities | $226,750 |
| Net assets without donor restrictions | $3,382,823 |
| Net assets with donor restrictions | $573,725 |
| 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 | $4,183,298 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that Young Americans Center For Financial Education has recieved totaling $904,539.
| Awarding Organization | Amount |
|---|---|
Young Americans Education Foundation Denver, CO PURPOSE: GRANT FOR OPERATIONS | $373,807 |
Denver Foundation Denver, CO PURPOSE: YOUNG AMERITOWNE | $59,747 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $53,789 |
Daniels Fund Denver, CO PURPOSE: RURAL AMERITOWNE AND MONEY MATTERS | $50,000 |
The Carter Chapman Shreve Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $40,000 |
Kroenke Sports Charities Inc Denver, CO PURPOSE: Program Assistance | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Club At Las Campanas Inc Santa Fe, NM | $45,559,290 | $18,753,847 |
Adventure Unlimited Greenwood Village, CO | $23,684,181 | $7,013,028 |
Roundup River Ranch Gypsum, CO | $30,843,747 | $6,687,149 |
The Eagle Sky Foundation Edmond, OK | $61,888,849 | -$3,500,043 |
First Descents Denver, CO | $7,107,473 | $5,353,262 |
Colorado Rockies Bible Camp And Conference Inc Woodland Park, CO | $3,168,263 | $2,324,607 |
Camp Id-Ra-Ha-Je Association Bailey, CO | $7,834,282 | $2,562,617 |
Sos Outreach Avon, CO | $1,594,200 | $1,987,097 |
Camp Timberline Fort Collins, CO | $3,700,735 | $2,176,362 |
Young Americans Center For Financial Education Denver, CO | $4,183,298 | $2,339,040 |
Christian Camp And Conference Association International Colorado Springs, CO | $3,278,121 | $1,660,031 |
Kostopulos Dream Foundation Camp Kostopulos Salt Lake City, UT | $5,503,401 | $1,724,674 |