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Youth Inc

Youth Inc

New York, NY 10018
Tax ID52-1936144

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About this organization

Revenue

$6,547,855

Expenses

$6,506,057

Website

youthinc-usa.org

Mission

Our mission is to transform the lives of NYC youth by empowering the organizations that serve them. Youth INC provides our nonprofit partners with the coaching, capital, and connections they need to achieve sustainable growth and maximize their impact. the course of a partnership with Youth INC, our partners experience average growth in revenue of 173%, board size of 33%, and youth served of 157%. Using our pioneering Metrics Platform, our partners helped 80% of their young people surveyed to improve key Social and Emotional Learning skills that scholars agree are the most predictive indicators of success in school, career and life. Since inception, our venture philanthropy model has raised over $85 million and empowered over 170 nonprofits, impacting the lives of 1 million NYC youth.

About

The three largest expenses we incur are: 1.Corporate Partnerships: RBC Race for the Kids is a high-energy day of athletics and family fun supported by title sponsor Royal Bank of Canada (RBC) along with 30+ corporate sponsors. The day serves as a vehicle to connect a broad array of youth-focused nonprofits with the entire NYC community and for individuals to raise funds for the five nonprofit beneficiaries of the event. Given that Youth INC is one of the five beneficiaries of the event as well as the host, we allocate a portion of this event to development and program services in accordance with the Financial Accounting Standards Board (FASB) and the Internal Revenue Service (IRS). RBC Race for the Kids expenses totaled $1,399,000, including grants of $725,000.Launched in 2015 with Youth INC, RBC Trade for the Kids is a one-day, annual celebration of RBCs culture of philanthropy and volunteerism benefiting over 65 youth-focused charities around the world. As part of the celebration, RBC invites Youth INC and other youth-centered charity partners to visit their trading floor and share our mission and work. RBC Trade for the Kids program expenses totaled $6,000.Trading Week for Kids sponsored by Canaccord Genuity creates an opportunity to connect numerous firms with Youth INCs work with 80 nonprofit partners. Staff visited Nasdaq and rang the Nasdaq Opening Bell on Thursday, November 7, 2019, amplifying Youth INC brand awareness. Youth INC raised $150,000, which enables all of its programs to be offered free of charge to the nonprofit sector. Youth INC also delivers significant capacity building programming through pro bono relationships with other key corporate partners including Morgan Stanley, Deloitte, and FTI Consulting.Other grants awarded by Youth INC totaled $226,000.2.Fundraising Capacity Building: The Celebration Program is a fundraising training program that provides nonprofits with the tools and coaching to learn to raise unrestricted funding and diversify their individual and corporate donor bases. In 2019, partner nonprofits raised over $938,000 and impacted the lives of more than 10,000 youth. Celebration Program expenses totaled $1,358,000, including grants of $988,000.3.BridgeFund cash grants: provide capacity-building cash grants to partner nonprofits. Applicants are ranked by Youth INC across the dimensions of organizational strength and financial stability. The organizations are interviewed by the BridgeFund Grant Selection Committee comprised primarily of Board members, which selects the recipients and decides on grant amounts. BridgeFund program expenses totaled $530,000, including grants of $330,000.All other Program Services:1.Impact Evaluation: Youth INCs Metrics Program helps organizations measure and maximize the impact of their programs on the youth they serve. The program is a combination of in-person workshops, one-on-one coaching, technical assistance, and peer learning designed to build their evaluative capacity. The tool used is Hello Insight (formerly the Youth Development Impact Learning System (YDiLS)), which captures feedback on program beneficiaries in six areas of social-emotional learning. Program expenses totaled $399,000. 2.State of the Market Investor Conference: is a signature event that leverages financial luminaries who speak for free to create awareness across the financial services sector of the need of NYC young people and how Youth INC helps the nonprofits that serve them. In 2019, State of the Market conference raised $700,000 for Youth INC. As a result of the dual nature of this event, we allocate a portion of our event costs to both fundraising and program services in accordance with the Financial Accounting Standards Board (FASB) guidelines and Internal Revenue Service (IRS) guidance. Expenses totaled $293,000.3.Partner Network Relations: Youth INC values its community of over 80 nonprofit partners and creates peer-exchange opportunities for all of our partners to strengthen their best practices through a cohort-based program model and Partner Network-wide events. Program expenses totaled $244,000.4.Governance Capacity Building: The Board Advancement Program strengthens nonprofit board performance through customized assessments and hands-on consulting from board development professionals. The Get On Board Program cultivates relationships with corporations for the purpose of providing executives opportunities to give back to the community through nonprofit board service. Youth INC provides training sessions on the basics of nonprofit board governance and access to becoming a board member of a partner nonprofit. Developing leaders through nonprofit board service seminars are offered throughout the year to better equip and prepare corporate executives who want to serve on nonprofit boards. By becoming a board member and utilizing their relevant skills, these individuals are able to give back to the community and further develop their leadership skills. Program expenses totaled $192,000.5.The Legacy Leadership Program (formerly Succession Planning Program): works with the Executive Director/CEO, board, and staff to develop succession policies for both emergencies and long-term planning for organizational sustainability. Program expenses totaled $49,000.6.Volunteer Management Program: is a collaboration with NYC Service to train nonprofits on volunteer management protocols and encourage volunteerism in NYC. Program expenses totaled $46,000.

Interesting data from their 2020 990 filing

The filing sets forth the mission of the non-profit as “Youth, improving non-profits for children (youth inc) is a non-profit organization that seeks to transform the lives of nyc youth through its unique venture philanthropy model that empowers the nonprofits that serve them. since its founding in 1995, youth inc has taken a uniquely holistic approach to address the many different needs of nonprofits, from improving fundraising and governance practices and building boards, to funding critical elements of infrastructure and evaluating impact. by applying the best practices from the corporate, academic and nonprofit sectors, youth inc empowers its partner nonprofits with the tools to achieve sustainable growth and maximize impact on youth served. youth inc currently partners with 80 youth-centered nonprofits that work with over 200,000 young people each year.”.

When detailing its responsibilities, they were listed as: “To improve the lives of youth through a unique venture philanthropy model that empowers, develops, and educates nonprofit organizations serving young people.”.

  • The state in which the non-profit is legally permitted to operate is DE.
  • The address of the non-profit for 2020 according to the filing is 535 8th Ave Suite 1400, New York, NY, 10018.
  • The number of employees reported by the non-profit on their form as of 2020 is 31.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $41,798.
  • The CEO compensation structure within the organization is based on a review and approval from a neutral party.
  • The organization has a written policy that delegates the management duties.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 41 independent voting members.
  • The organization was formed in 1995.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $2,440,814 in salary, compensation, and benefits to its employees.
  • The organization pays $569,004 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has fundraising events.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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