Youth Business Initiative
- Assets
- $37.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norwalk, CT
- Founding
- Data as of
- 12/2021
- EIN
- 85-0594373
Organization Overview
Youth Business Initiative is located in Norwalk, CT. 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. Youth Business Initiative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
YOUTH ENTREPRENEURSHIP PROGRAM: THE ENTREPRENEURSHIP PROGRAM IS A WORKFORCE READINESS AND BUSINESS DEVELOPMENT INITIATIVE THAT COVERS BUSINESS DEVELOPMENT TOPICS - FINANCE & ACCOUNTING, MARKETING & BRANDING, COMMUNICATION AND ETIQUETTE, AND PUBLIC SPEAKING. THE STUDENTS RESEARCH A BUSINESS IDEA AND LEARN THE BUSINESS ELEMENTS. AS THE STUDENTS LEARN BASIC BUSINESS TERMS AND ELEMENTS, THE STUDENTS FIND THEIR STRENGTHS AND WEAKNESSES AS ENTREPRENEURS. STUDENTS ALSO RECEIVE A NOMINAL STIPEND WHILE PARTICIPATING IN THE ENTREPRENEURSHIP PROGRAM INITIATIVE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,965 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $12,377 |
| Other Revenue | $0 |
| Total Revenue | $91,342 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $18,164 |
| Printing, publications, postage, and shipping | $5,310 |
| Other expenses | $12,942 |
| Total expenses | $55,486 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,948 |
| Other assets | $0 |
| Total assets | $37,948 |
| Total liabilities | $0 |
| Net assets or fund balances | $37,948 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Youth Business Initiative has recieved totaling $53,399.
| Awarding Organization | Amount |
|---|---|
Ritter Family Foundation Ridgefield, CT PURPOSE: DONATION | $30,000 |
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $18,386 |
The Perrin Family Foundation Old Greenwich, CT PURPOSE: GENERAL PURPOSE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reel Stories Teen Filmmaking Inc Brooklyn, NY | $1,349,194 | $2,572,031 |
Youth Service Managers Inc Boxford, MA | $5,127,710 | $1,464,939 |
Young Entrepreneurs Academy Inc Pittsford, NY | $192,804 | $326,928 |
Junior Achievement Of Western Massachusetts Springfield, MA | $260,866 | $404,989 |
Partners For Education And Business Inc Syracuse, NY | $12,469 | $270,994 |
Nykbi Inc New York, NY | $57,865 | $227,712 |
Launch Gurls Somerville, MA | $55,231 | $245,609 |
Harvard Yearbook Publications Fund Tr Cambridge, MA | $0 | $152,575 |
Youth Business Initiative Norwalk, CT | $37,948 | $0 |
Core Vision Foundation Inc Jackson Heights, NY | $19,300 | $0 |
Boston Career Connections Inc Newton Centre, MA | $20,404 | $0 |
Project-13 Inc Holyoke, MA | $11,927 | $0 |