Exalt Youth: Nonprofit Profile, Financials & Form 990 (EIN 20-5540955)

Revenue by fiscal year
FY2020	$2.0M
FY2021	$3.7M
FY2022	$8.8M
FY2023	$7.3M
FY2024	$4.0M
FY2025	$5.4M

Expenses by fiscal year
FY2020	$2.7M
FY2021	$3.2M
FY2022	$4.5M
FY2023	$6.0M
FY2024	$7.5M
FY2025	$7.7M

Net assets by fiscal year
FY2020	$3.1M
FY2021	$3.6M
FY2022	$7.9M
FY2023	$9.3M
FY2024	$5.9M
FY2025	$3.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

75%

15%

Program services 75% · $5.8M Management & general 10% · $749K Fundraising 15% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Gisele Castro

Chief Executive Officer

$276,168Pt VII · Sec A

Andrea Feduzi

Chief Operating Officer

$182,339Pt VII · Sec A

Marcelo Nigri

Senior Director of Finance

$162,252Pt VII · Sec A

Jason Alleyne

Chief Program Officer

$151,692Pt VII · Sec A

Joelle Servais

Chief Development Officer (1/24)

$150,593Pt VII · Sec A

Inga Glodowski

Dir. Development (until 11/24)

$132,169Pt VII · Sec A

Ed Carson

Director

$0Pt VII · Sec A

Lamson Lam

Director

$0Pt VII · Sec A

Gisele Castro’s $276K as Chief Executive Officer is at the 96th percentile of top reported officer pay among 1552 $1–10M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gisele Castro	$276,168	$241,443	$228,730	$178,547	$165,678	$146,583
Andrea Feduzi	$182,339	$172,023	$156,144	$41,662	—	—
Marcelo Nigri	$162,252	$138,474	$126,460	$114,226	$107,637	—
Brian G Lewis	—	—	$156,920	$135,796	$129,970	$110,461
Jason Alleyne	$151,692	—	—	—	—	—
Joelle Servais	$150,593	—	—	—	—	—
Inga Glodowski	$132,169	$121,823	—	—	—	—
Jenny Tolan	—	—	—	—	—	$104,461

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering youth with hope and a roadmap for their future.

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Provided by the organization

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1 program · $5.8M · in their own filed words · FY2024

01

Exalt youth is an organization designed specifically for youth involved in the criminal justice system. We serve youth ages 15-19 annually, 71% male, 28% female, and 1% unknown. Program participants come from new york city's poorest zip codes, and all face a host of barriers such as multi-generational poverty, foster care involvement…

$5.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Tiger FoundationFY2024$250K

Robin Hood FoundationFY2024$210K

Solon E Summerfield Foundation INCFY2024$151K

Schultz Family FoundationFY2024$150K

Vanguard Charitable Endowment ProgramFY2024$145K

Rose M Badgeley Charitable Trust 10-214890FY2024$125K

Hearst Foundation INCFY2024$125K

Clark FoundationFY2024$100K

Total grants receivedfrom 27 funders$1.7M

See all 27 funders →

Grants paid · 6 grants · $279K · 2019–2024

Unitemized GrantFY2024$55,273

Unitemized GrantFY2023$50,038

Unitemized GrantFY2022$54,409

Unitemized GrantFY2021$53,784

Unitemized GrantFY2020$45,000

Unitemized GrantFY2019$20,000

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$5.4M

Ln 12

Gifts and grantsLn 1h$5.4M

Investment incomeLn 3$58K

Money outPt IX

$7.7M

Ln 25

Programscol B$5.8M

Managementcol C$749K

Fundraisingcol D$1.1M

Owns and owesPt X

$3.6M

net assets · Ln 32

Cash and savingsLn 1–2$471K

Total assetsLn 16$5.2M

LiabilitiesLn 26$1.6M

PeoplePt VI, VII

18

listed · VII A

PaidVII A6

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$5.4M

Government grantsLn 1e$1.2M

Noncash giftsLn 1g$170K

Fundraising eventsLn 1c$414K

Investment incomeLn 3$58K

Gains on assetsLn 7$43K

Total revenueLn 12$5.4M

Assets in detailPt X, end of year

CashLn 1$461K

SavingsLn 2$9K

Cash and savings togetherLn 1–2$471K

InvestmentsLn 11–13$819K

Land, buildings, equipmentLn 10c$349K

Other assetsLn 15$1.3M

Total assetsLn 16$5.2M

LiabilitiesLn 26$1.6M

Net assetsLn 32$3.6M

OperationsPt I, VI

EmployeesI 517

VolunteersI 616

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$295K	$471K
InvestmentsLn 11–13	$2.2M	$819K
Land, buildings, equipmentLn 10c	$450K	$349K
Total assetsLn 16	$7.8M	$5.2M
LiabilitiesLn 26	$2.0M	$1.6M
Net assetsLn 32	$5.9M	$3.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$55K	$55K
Pay of current officers, directors and key staffLn 5	$324K	$108K	$108K	$108K
Other salaries and wagesLn 7	$3.3M	$2.6M	$237K	$400K
Pension plan contributionsLn 8	$73K	$49K	$10K	$14K
Other employee benefitsLn 9	$581K	$494K	$44K	$43K
Payroll taxesLn 10	$264K	$201K	$25K	$37K
Accounting feesLn 11c	$43K		$41K	$2K
Investment management feesLn 11f	$4K		$4K
Other fees for servicesLn 11g	$630K	$181K	$132K	$317K
Advertising and promotionLn 12	$4K	$1K		$3K
Office expensesLn 13	$111K	$85K	$12K	$14K
OccupancyLn 16	$425K	$375K	$34K	$16K
TravelLn 17	$178K	$90K	$20K	$68K
Conferences, conventions and meetingsLn 19	$92K	$56K	$7K	$30K
Depreciation, depletion and amortizationLn 22	$101K	$91K	$5K	$5K
InsuranceLn 23	$45K	$35K	$4K	$6K
Other expenses (24a–d)Ln 24	$1.5M	$1.3M	$59K	$67K
All other expensesLn 24e	$25K	$10K	$7K	$8K
Total functional expensesLn 25	$7.7M	$5.8M	$749K	$1.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$5.4M	$7.7M	−$2.3M	$3.6M	990 PDF
FY2024	$4.0M	$7.5M	−$3.5M	$5.9M	990 PDF
FY2023	$7.3M	$6.0M	$1.3M	$9.3M	990 PDF
FY2022	$8.8M	$4.5M	$4.4M	$7.9M	990 PDF
FY2021	$3.7M	$3.2M	$491K	$3.6M	990 PDF
FY2020	$2.0M	$2.7M	−$606K	$3.1M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $5,366,459 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $4,054,828$5,438,738

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $39,937$57,691

I-11 Other revenuePrior year −$69,841−$129,970

I-12 Total revenuePrior year $4,024,924$5,366,459

I-13 Grants and similar amounts paidPrior year $50,038$55,273

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $4,295,866$4,517,397

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,180,888$3,123,261

I-18 Total expensesPrior year $7,526,792$7,695,931

I-19 Revenue less expensesPrior year −$3,501,868−$2,329,472

Part VI · Governance 12 of 12 board members independent, no flags

VI-1a Voting members of the governing body12

VI-1b Independent voting members12

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $5,366,459 across 10 lines filed

VIII-1c Fundraising events$413,672

VIII-1e Government grants$1,236,172

VIII-1f All other contributions, gifts and grants$3,788,894

VIII-1g Noncash contributions (included above)$169,992

VIII-1h Total contributions, gifts and grants$5,438,738

VIII-3 Investment incomeExcluded from tax $14,975$14,975

VIII-7 Net gain or loss on sales of assetsExcluded from tax $42,716$42,716

VIII-8 Net income from fundraising eventsExcluded from tax −$142,120−$142,120

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $12,150$12,150

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$72,279$5,366,459

Part IX · Statement of functional expenses $7,695,931 across 18 lines filed

IX-2 Grants to domestic individualsPrograms $55,273$55,273

IX-5 Pay of current officers, directors and key staffPrograms $108,078 · Management $108,078 · Fundraising $108,078$324,234

IX-7 Other salaries and wagesPrograms $2,638,265 · Management $236,574 · Fundraising $400,108$3,274,947

IX-8 Pension plan contributionsPrograms $49,420 · Management $9,791 · Fundraising $14,007$73,218

IX-9 Other employee benefitsPrograms $493,527 · Management $44,454 · Fundraising $43,287$581,268

IX-10 Payroll taxesPrograms $201,097 · Management $25,201 · Fundraising $37,432$263,730

IX-11c Accounting feesManagement $41,208 · Fundraising $2,184$43,392

IX-11f Investment management feesManagement $3,821$3,821

IX-11g Other fees for servicesPrograms $180,819 · Management $131,835 · Fundraising $317,153$629,807

IX-12 Advertising and promotionPrograms $1,352 · Fundraising $2,781$4,133

IX-13 Office expensesPrograms $85,166 · Management $12,205 · Fundraising $14,120$111,491

IX-16 OccupancyPrograms $375,324 · Management $34,168 · Fundraising $15,922$425,414

IX-17 TravelPrograms $90,021 · Management $19,513 · Fundraising $68,286$177,820

IX-19 Conferences, conventions and meetingsPrograms $55,885 · Management $6,906 · Fundraising $29,536$92,327

IX-22 Depreciation, depletion and amortizationPrograms $91,146 · Management $5,063 · Fundraising $5,064$101,273

IX-23 InsurancePrograms $35,113 · Management $3,951 · Fundraising $5,869$44,933

IX-24 Other expenses (24a–d)Programs $1,337,646 · Management $59,118 · Fundraising $67,264$1,464,028

IX-24e All other expensesPrograms $10,184 · Management $6,944 · Fundraising $7,694$24,822

IX-25 Total functional expensesPrograms $5,808,316 · Management $748,830 · Fundraising $1,138,785$7,695,931

Part X · Balance sheet $5,196,818 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $286,015$461,303

X-2 Savings and temporary cash investmentsStart of year $9,261$9,218

X-3 Pledges and grants receivableStart of year $3,163,820$2,194,011

X-4 Accounts receivableStart of year $18,538$292

X-9 Prepaid expenses and deferred chargesStart of year $21,499$13,852

X-10c Land, buildings and equipment, netStart of year $450,274$349,001

X-11 Publicly traded securitiesStart of year $2,182,702$819,252

X-15 Other assetsStart of year $1,677,468$1,349,889

X-16 Total assetsStart of year $7,809,577$5,196,818

X-17 Accounts payable and accrued expensesStart of year $351,404$370,866

X-25 Other liabilitiesStart of year $1,602,643$1,259,071

X-26 Total liabilitiesStart of year $1,954,047$1,629,937

X-27 Net assets without donor restrictionsStart of year $3,291,900$1,293,053

X-28 Net assets with donor restrictionsStart of year $2,563,630$2,273,828

X-32 Total net assets or fund balancesStart of year $5,855,530$3,566,881

X-33 Total liabilities and net assetsStart of year $7,809,577$5,196,818

Part XI · Reconciliation of net assets $3,566,881 net assets at year end

XI-1 Total revenue$5,366,459

XI-2 Total expenses$7,695,931

XI-3 Revenue less expenses−$2,329,472

XI-4 Net assets at start of year$5,855,530

XI-5 Net unrealized gains (losses) on investments$40,823

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,566,881

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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