You are now searching

   

New York BBB Wise Giving Report for
Fresh Youth Initiatives

A BBB Accredited charity

 



Expiration Date:
02/2015
Name:
Fresh Youth Initiatives
Address:
505 West 171 Street
New York, NY 10032
Phone:
212-781-1113
Year, State Incorporated:
1993, New York
Affiliates:
None
Stated Purpose:
" FYI is a non-profit youth development organization in NYC providing young people ages 9-18 with the support, encouragement, and skills they need to become productive, confident, and caring young adults. We keep young people safe and engaged afterschool and in the summer using our Four Pillars of Success: Community service activities; Exposure to new and positive experiences; Academic support; Personal guidance. The FYI missions is to engage youth in positive, community-building activities while guiding and supporting them through adolescence. "





Evaluation Conclusions
 

              
Fresh Youth Initiatives (FYI) meets the 20 Standards for Charity Accountability.




Programs
 

              
FYI runs six programs: (1) our signature Afterschool Program, grounded in community service values, academic support, cultural enrichment, and personal guidance; (2) Helping Hands Food Pantry, NYC’s only youth-led food pantry; (3) Community Service Learning Program, where we bring our methodology to students at a partner middle school; (4) Welcome Program, working with newly arrived immigrant students, helping them acclimate to US culture and language; (5) Summer of Service Day Camp, an affordable high-quality day camp option for youth ages 10-13; and (6) Summer Job Training program, offered through the city’s Summer Youth Employment Program.



Governance
 

              
Chief Executive Officer:
Mr. Esteban Ramos, Executive Director
Compensation*:
$85,000
Chair of the Board:
Mr. Edward Lehmann
Chair's Profession / Business Affiliation:
Citibank
Board Size:
8
Paid Staff Size:
11



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, and grant proposals.
Fund raising costs were 15.2% of related contributions. (Related contributions, which totaled $768,669, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on FYI's Audited Financial Statements for the fiscal year ended May 31, 2012.

Source of Funds  

Foundation grants

$467,761

Individual contributions

115,266

Government grants

80,047

Corporate grants

77,542

In-kind contributions

22,298

Interest income

8,195

Special event income

4,505

Other revenues

4,426

Other grants

1,250

Unrealized gain/loss on investment

(10,259)

Total Income

$771,031

Program Expenses  

Personal services

$313,642

Depreciation

82,562

Program

61,213

Payroll taxes and benefits

58,399

Equipment and maintenance

38,002

Occupancy

26,416

Consulting and professional

25,669

Donated food for pantry

22,298

Insurance

18,520

Miscellaneous

14,839

Supplies

12,263

Communication

7,674

Stipends

6,395

Travel

3,972

Printing and publications

1,985

Postage and shipping

683
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

694,532
116,944
74,767

$886,243

$(115,212)




Uses of Funds as a % of Total Expenses


Programs: 78%  Fund Raising: 13%  Administrative 8% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $3,653,648
Ending net assets 3,538,436
Total liabilities 18,830

Total assets

$3,557,266






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.