Youth Enrichment Program FY2024 filing

Tax-deductible

Shreveport, LA501(c)(3)Since 1986Human ServicesEIN 58-1727972

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The mission of the Youth Enrichment Program is to provide quality after school academic Enrichment programs to elementary-aged children from diverse cultural and social backgrounds and to ensure that they have an opportunity to grow and develop in a safe, nurturing atmosphere.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$77K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $52K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$77K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $39K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+5% vs prior year
Spent
$1.1M
To programs
72%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +5%
Revenue by fiscal year
FY2020$816K
FY2021$1.0M
FY2022$1.1M
FY2023$1.0M
FY2024$1.1M
FY2024$1.1M
Expenses
$1.1M
FY2024▲ +10%
Expenses by fiscal year
FY2020$885K
FY2021$900K
FY2022$904K
FY2023$967K
FY2024$1.1M
FY2024$1.1M
Net assets
$1.5M
FY2024▲ +4%
Net assets by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.5M
FY2023$1.4M
FY2024$1.5M
FY2024$1.5M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1987.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $770K Management & general 28% · $297K

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

6 people listed on the 990; $77K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$76,627Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Xochi Richardson’s $80K as Executive Director is at the 18th percentile of top reported officer pay among 3869 $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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Xochi Richardson$80,278$76,627$75,024$70,400$50,400$50,400

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 Youth Enrichment Program executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers after-school academic enrichment and safe, nurturing development for elementary children.

Provided by the organization

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1 program service account for $770K of program spending, described in the organization's own filed words · FY2023.
01

After school child care and enrichment programs for approximately 800 elementary-aged children.

$770Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$39K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$967K
Gifts and grantsLn 1h$58K
Investment incomeLn 3$25K
Money outPt IX
$1.1M
Ln 25
Programscol B$770K
Managementcol C$297K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$424K
Total assetsLn 16$1.5M
LiabilitiesLn 26$2K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$58K
Fees for servicesLn 2g$967K
Investment incomeLn 3$25K
Other incomeLn 4–11$4K
Gains on assetsLn 7−$4K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$424K
Cash and savings togetherLn 1–2$424K
InvestmentsLn 11–13$1.0M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.5M
LiabilitiesLn 26$2K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 5105
VolunteersI 65
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
LineStart FY24End FY24
Cash and savingsLn 1–2$440K$424K
InvestmentsLn 11–13$984K$1.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$0$2K
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$77K$61K$16K
Other salaries and wagesLn 7$662K$526K$135K
Other employee benefitsLn 9$16K$7K$9K
Payroll taxesLn 10$52K$42K$11K
Accounting feesLn 11c$28K$28K
Investment management feesLn 11f$9K$9K
Other fees for servicesLn 11g$12K$12K
Office expensesLn 13$18K$8K$10K
Information technologyLn 14$15K$4K$11K
OccupancyLn 16$37K$32K$4K
TravelLn 17$8K$249$8K
InsuranceLn 23$10K$4K$5K
Other expenses (24a–d)Ln 24$122K$84K$38K
Total functional expensesLn 25$1.1M$770K$297K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $1.1M$1.1M−$13K$1.5M 990 PDF
FY2023 $1.0M$967K$39K$1.4M 990 PDF
FY2022 $1.1M$904K$173K$1.5M 990 PDF
FY2021 $1.0M$900K$132K$1.4M 990 PDF
FY2020 $816K$885K−$70K$1.2M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,054,026 across 7 lines filed
VIII-1f All other contributions, gifts and grants$57,840
VIII-1h Total contributions, gifts and grants$57,840
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $966,787$966,787
VIII-3 Investment incomeExcluded from tax $29,647$29,647
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$4,246−$4,246
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,998$3,998
VIII-12 Total revenueRelated to mission $970,785 · Unrelated business $0 · Excluded from tax $25,401$1,054,026
Part IX · Statement of functional expenses $1,066,946 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $60,949 · Management $15,678$76,627
IX-7 Other salaries and wagesPrograms $526,304 · Management $135,385$661,689
IX-9 Other employee benefitsPrograms $7,251 · Management $8,679$15,930
IX-10 Payroll taxesPrograms $41,755 · Management $10,740$52,495
IX-11c Accounting feesManagement $28,488$28,488
IX-11f Investment management feesManagement $8,868$8,868
IX-11g Other fees for servicesManagement $12,300$12,300
IX-13 Office expensesPrograms $8,410 · Management $10,066$18,476
IX-14 Information technologyPrograms $4,323 · Management $10,924$15,247
IX-16 OccupancyPrograms $32,333 · Management $4,409$36,742
IX-17 TravelPrograms $249 · Management $8,060$8,309
IX-23 InsurancePrograms $4,430 · Management $5,302$9,732
IX-24 Other expenses (24a–d)Programs $84,317 · Management $37,726$122,043
IX-25 Total functional expensesPrograms $770,321 · Management $296,625 · Fundraising $0$1,066,946
Part X · Balance sheet $1,489,731 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $439,795$423,867
X-4 Accounts receivable$16,580
X-9 Prepaid expenses and deferred chargesStart of year $4,829$5,800
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $984,163$1,043,484
X-16 Total assetsStart of year $1,428,787$1,489,731
X-17 Accounts payable and accrued expenses$1,829
X-26 Total liabilitiesStart of year $0$1,829
X-27 Net assets without donor restrictionsStart of year $1,416,645$1,474,826
X-28 Net assets with donor restrictionsStart of year $12,142$13,076
X-32 Total net assets or fund balancesStart of year $1,428,787$1,487,902
X-33 Total liabilities and net assetsStart of year $1,428,787$1,489,731
Part XI · Reconciliation of net assets $1,487,902 net assets at year end
XI-1 Total revenue$1,054,026
XI-2 Total expenses$1,066,946
XI-3 Revenue less expenses−$12,920
XI-4 Net assets at start of year$1,428,787
XI-5 Net unrealized gains (losses) on investments$42,661
XI-9 Other changes in net assets$29,374
XI-10 Net assets at end of year$1,487,902

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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