Youth Enrichment Foundation
- Assets
- $568.4k
- Revenue
- $118.4k
- Investments
- $493.7k
- Employees
- 0
- Location
- West Valley City, UT
- Founding
- 03/1994
- Data as of
- 12/2022
- 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 12/2022, Youth Enrichment Foundation generated $118.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $214.3k during the year ending 12/2022. 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
2022
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 |
|---|---|---|---|
Elizabeth Warner President | 1 | $0 | |
Bart Warner Chairman | 1 | $0 | |
James Warner Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,002 |
| Dividends & Interest | $525 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$124 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $116,983 |
| Total Revenue | $118,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $169,309 |
| Pension plans, employee benefits | $22,806 |
| Interest | $0 |
| Taxes | $1,548 |
| Depreciation | $832 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,590 |
| Total operating and administrative expenses | $214,320 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $214,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,142 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $8,868 |
| 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 | $493,673 |
| Net Land, buildings, and equipment | $417 |
| Other assets | $0 |
| Total assets | $568,420 |
| Accounts payable and accrued expenses | $294 |
| 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 | $294 |