Youth Enrichment Foundation
- Assets
- $665.0k
- Revenue
- $432.6k
- Investments
- $480.2k
- Employees
- 0
- Location
- West Valley City, UT
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 87-0514460
Organization Overview
Youth Enrichment Foundation is located in West Valley City, UT. The organization was established in 1994. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, 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 Enrichment Foundation 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, Youth Enrichment Foundation generated $432.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $235.9k during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH ENRICHMENT FOUNDATION PROVIDES 460+ ELEMENTARY SCHOOL CHILDREN WITH PIANO AND MUSIC INSTRUCTIONS 2-3 TIMES WEEKLY. ART INSTRUCTIONS IS PROVIDED FOR 500+ ELEMENTARY SCHOOL
STUDENTS PER WEEK AT WHITTIER ELEMENTARY SCHOOL (AN "AT RISK" SCHOOL).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bart Warner Chairman | 1 | $0 | |
Elizabeth Warner President | 1 | $0 | |
James Warner Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $324,500 |
| Interest on Savings | $392 |
| Dividends & Interest | $989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,138 |
| Capital Gain Net Income | $4,138 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102,627 |
| Total Revenue | $432,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $183,698 |
| Pension plans, employee benefits | $32,141 |
| Interest | $0 |
| Taxes | $408 |
| Depreciation | $832 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,977 |
| Total operating and administrative expenses | $234,930 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $235,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,409 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $14,868 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $320 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $480,199 |
| Net Land, buildings, and equipment | $1,248 |
| Other assets | $0 |
| Total assets | $665,044 |
| Accounts payable and accrued expenses | $944 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $944 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Youth Enrichment Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Self-Reliance Charity West Valley City, UT PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Council Charities Phoenix, AZ | $630,003 | $2,300,902 |
Academy Of Urban Learning Inc Denver, CO | $2,069,358 | $2,823,413 |
K2 Adventures Foundation Scottsdale, AZ | $505,481 | $957,191 |
Montrose Community Foundation Montrose, CO | $5,793,838 | $1,931,829 |
Park Hill Collective Impact Denver, CO | $214,302 | $805,593 |
Elmer E Rasmuson Endowment For The Boy Scouts Of America In Alaska Las Vegas, NV | $8,315,591 | $606,636 |
Youth Enrichment Foundation West Valley City, UT | $665,044 | $432,646 |
M633 Inc Castle Rock, CO | $203,629 | $0 |
Shane Victorino Foundation Las Vegas, NV | $1,012,495 | $163,823 |
Lilliemon Inc Las Vegas, NV | $875,754 | $15,818 |
Levi Legacy Parker, CO | $36,059 | $0 |
Bee Generous Grand Junction, CO | $0 | $0 |