To provide programs for young african american and latino students from kindergarten to age 16 to develop their academic skills and to provide exposure to the fields of science, technology, engineering, math (stem), art, music, and entrepreneurship so that they may have the opportunity to pursue careers in those fields.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 75 volunteers and 56 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $18K a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$127K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $126K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$53K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-2% vs prior year
Spent
$1.4M
To programs
95%
Net assets
$870K
By yearFY2020–FY2025
Revenue
$1.3M
FY2025▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$613K
FY2021$903K
FY2022$1.2M
FY2023$1.2M
FY2024$1.3M
FY2025$1.3M
Expenses
$1.4M
FY2025▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$662K
FY2021$828K
FY2022$1.0M
FY2023$1.2M
FY2024$1.4M
FY2025$1.4M
Net assets
$870K
FY2025▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$294K
FY2021$726K
FY2022$975K
FY2023$999K
FY2024$936K
FY2025$870K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2010.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $1.3M Management & general 3% · $49K Fundraising 2% · $21K

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990; $127K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$127,476Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Richard Roberts III’s $127K as Executive Director is at the 60th percentile of top reported officer pay among 3868 $1–10M human services 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Richard Roberts III$127,476$129,632$85,800$83,363$85,200$83,990

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.

See Ymic Foundation INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Empowers young African American and Latino students with academic skills and STEM, art, music, and entrepreneurship exposure.

Questions for Ymic Foundation INC

Tap to ask. Ymic Foundation INC sees how many people are interested.

Your first name shows with your question. Ymic Foundation INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $1.3M · in their own filed words · FY2025
01

Conducted programs in the areas of science, technology, engineering, math (stem), art, robotics, music, civics, debate, nsbe chapter, job shadowing, internship, job search assistance, entrepreneurship,pre-apprentice program,and mathcount to prepare disadvantaged youth to excel in stem careers.

$1.3Mprogram 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
See all 4 funders →
Grants paid · 6 grants · $273K · 2020–2025
Unitemized GrantFY2025$39,018
Unitemized GrantFY2024$59,993
Unitemized GrantFY2023$39,828
Unitemized GrantFY2022$46,263
Unitemized GrantFY2021$39,032
Unitemized GrantFY2020$49,125

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$51K
Other incomeLn 4–11$14K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.3M
Managementcol C$49K
Fundraisingcol D$21K
Owns and owesPt X
$870K
net assets · Ln 32
Cash and savingsLn 1–2$369K
Total assetsLn 16$923K
LiabilitiesLn 26$53K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$877K
Fees for servicesLn 2g$51K
Investment incomeLn 3$933
Other incomeLn 4–11$14K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$155K
SavingsLn 2$215K
Cash and savings togetherLn 1–2$369K
Land, buildings, equipmentLn 10c$85K
Other assetsLn 15$3K
Total assetsLn 16$923K
LiabilitiesLn 26$53K
Net assetsLn 32$870K
OperationsPt I, VI
EmployeesI 556
VolunteersI 675
Fiscal year endsHeaderDecember
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
LineStart FY25End FY25
Cash and savingsLn 1–2$546K$369K
Land, buildings, equipmentLn 10c$42K$85K
Total assetsLn 16$1.0M$923K
LiabilitiesLn 26$90K$53K
Net assetsLn 32$936K$870K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$39K$39K
Pay of current officers, directors and key staffLn 5$150K$127K$15K$7K
Other salaries and wagesLn 7$550K$550K
Other employee benefitsLn 9$91K$91K
Payroll taxesLn 10$56K$55K$973$486
Accounting feesLn 11c$110K$93K$11K$5K
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$8K$8K$420
Information technologyLn 14$113K$107K$6K
OccupancyLn 16$84K$75K$4K$4K
Depreciation, depletion and amortizationLn 22$16K$15K$797
InsuranceLn 23$19K$18K$935
Other expenses (24a–d)Ln 24$161K$156K$2K$3K
All other expensesLn 24e$4K$3K$385$193
Total functional expensesLn 25$1.4M$1.3M$49K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.3M$1.4M−$108K$870K 990 PDF
FY2024 $1.3M$1.4M−$105K$936K 990 PDF
FY2023 $1.2M$1.2M−$47K$999K 990 PDF
FY2022 $1.2M$1.0M$128K$975K 990 PDF
FY2021 $903K$828K$74K$726K 990 PDF
FY2020 $613K$662K−$49K$294K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,300,182 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,234,325$1,234,284
I-9 Program service revenuePrior year $71,563$50,603
I-10 Investment incomePrior year $1,746$933
I-11 Other revenuePrior year $14,974$14,362
I-12 Total revenuePrior year $1,322,608$1,300,182
I-13 Grants and similar amounts paidPrior year $59,993$39,018
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $800,757$846,932
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $566,885$522,392
I-18 Total expensesPrior year $1,427,635$1,408,342
I-19 Revenue less expensesPrior year −$105,027−$108,160
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $1,300,182 across 7 lines filed
VIII-1e Government grants$876,733
VIII-1f All other contributions, gifts and grants$357,551
VIII-1h Total contributions, gifts and grants$1,234,284
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $50,603$50,603
VIII-3 Investment incomeExcluded from tax $933$933
VIII-8 Net income from fundraising eventsExcluded from tax $14,362$14,362
VIII-12 Total revenueRelated to mission $50,603 · Unrelated business $0 · Excluded from tax $15,295$1,300,182
Part IX · Statement of functional expenses $1,408,342 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $39,018$39,018
IX-5 Pay of current officers, directors and key staffPrograms $127,246 · Management $14,970 · Fundraising $7,485$149,701
IX-7 Other salaries and wagesPrograms $549,596$549,596
IX-9 Other employee benefitsPrograms $91,158$91,158
IX-10 Payroll taxesPrograms $55,018 · Management $973 · Fundraising $486$56,477
IX-11c Accounting feesPrograms $93,380 · Management $10,986 · Fundraising $5,493$109,859
IX-11g Other fees for servicesManagement $8,397$8,397
IX-12 Advertising and promotionPrograms $7,987 · Fundraising $420$8,407
IX-14 Information technologyPrograms $107,018 · Management $5,633$112,651
IX-16 OccupancyPrograms $75,407 · Management $4,189 · Fundraising $4,189$83,785
IX-22 Depreciation, depletion and amortizationPrograms $15,136 · Management $797$15,933
IX-23 InsurancePrograms $17,763 · Management $935$18,698
IX-24 Other expenses (24a–d)Programs $155,982 · Management $1,730 · Fundraising $3,096$160,808
IX-24e All other expensesPrograms $3,276 · Management $385 · Fundraising $193$3,854
IX-25 Total functional expensesPrograms $1,337,985 · Management $48,995 · Fundraising $21,362$1,408,342
Part X · Balance sheet $923,060 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $372,500$154,528
X-2 Savings and temporary cash investmentsStart of year $173,132$214,798
X-3 Pledges and grants receivableStart of year $434,240$466,499
X-10c Land, buildings and equipment, netStart of year $42,319$84,640
X-15 Other assetsStart of year $4,060$2,595
X-16 Total assetsStart of year $1,026,251$923,060
X-17 Accounts payable and accrued expensesStart of year $90,145$53,079
X-26 Total liabilitiesStart of year $90,145$53,079
X-27 Net assets without donor restrictionsStart of year $431,012$361,727
X-28 Net assets with donor restrictionsStart of year $505,094$508,254
X-32 Total net assets or fund balancesStart of year $936,106$869,981
X-33 Total liabilities and net assetsStart of year $1,026,251$923,060
Part XI · Reconciliation of net assets $869,981 net assets at year end
XI-1 Total revenue$1,300,182
XI-2 Total expenses$1,408,342
XI-3 Revenue less expenses−$108,160
XI-4 Net assets at start of year$936,106
XI-6 Donated services and use of facilities$42,035
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$869,981

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.