Advantage Youth INC

Tax-deductible

New York, NY501(c)(3)Youth DevelopmentEIN 81-0931864Revenue $303K in FY2024

On file with the IRS456 W 43rd St, 10036-6322 · New York, NYTax-exempt since Sep 2018Publicly supported — 509(a)(2)

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To provide tennis and educational activities to young individuals

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
2 of 3
filings with a surplus
Average surplus $12K a year · 7% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13K
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 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
$303K
+43% vs prior year
Spent
$262K
To programs
67%
Net assets
$7K
By yearFY2020–FY2024
Revenue
$303K
FY2024▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2020$0
FY2021$39K
FY2022$44K
FY2023$211K
FY2024$303K
Expenses
$262K
FY2024▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$6K
FY2021Not on file
FY2022Not on file
FY2023$208K
FY2024$262K
Net assets
$7K
FY2024▲ +121%
Tap a bar for its year
Net assets by fiscal year
FY2020$14K
FY2021$821
FY2022−$36K
FY2023−$33K
FY2024$7K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2018.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $176K Management & general 33% · $86K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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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 15aNo

Programs and updates

Offers tennis and educational programs to young people.

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Provided by the organization

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2 programs · $176K · in their own filed words · FY2024
01

Providing wagner middle school court time to teach young people tennis, to develop good social and civic values through instruction, competition, sportsmanship and education. Expanded services in the summer of 2024 include an 8 week day camp with sports and other enrichment activities.

$108Kprogram expense
02

Providing wagner middle school parents' association with funds for free after school tennis and other programs.

$68Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $55K · 2020–2023
Wagner Ms 167 Parents AssociationFY2020$5,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$303K
Ln 12
Gifts and grantsLn 1h$153K
Fees for servicesLn 2g$150K
Money outPt IX
$262K
Ln 25
Programscol B$176K
Managementcol C$86K
Owns and owesPt X
$7K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$20K
LiabilitiesLn 26$13K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$153K
Fees for servicesLn 2g$150K
Total revenueLn 12$303K
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
Total assetsLn 16$20K
LiabilitiesLn 26$13K
Net assetsLn 32$7K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$9K$20K
Total assetsLn 16$9K$20K
LiabilitiesLn 26$42K$13K
Net assetsLn 32−$33K$7K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$68K$68K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$6K$6K
OccupancyLn 16$14K$14K
InsuranceLn 23$780$780
Other expenses (24a–d)Ln 24$158K$82K$76K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$262K$176K$86K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $303K$262K$40K$7K 990 PDF
FY2023 $211K$208K$3K−$33K 990 PDF
FY2022 $44K−$36K 990 PDF
FY2021 $39K$821 990 PDF
FY2020 $0$6K−$6K$14K 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 (6 parts)
Part I · Summary $302,601 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,234$152,774
I-9 Program service revenuePrior year $160,751$149,827
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $210,985$302,601
I-13 Grants and similar amounts paidPrior year $50,000$68,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $157,993$194,375
I-18 Total expensesPrior year $207,993$262,375
I-19 Revenue less expensesPrior year $2,992$40,226
Part VI · Governance 4 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $302,601 across 5 lines filed
VIII-1b Membership dues$51,060
VIII-1f All other contributions, gifts and grants$101,714
VIII-1h Total contributions, gifts and grants$152,774
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $149,827$149,827
VIII-12 Total revenueRelated to mission $149,827 · Unrelated business $0 · Excluded from tax $0$302,601
Part IX · Statement of functional expenses $262,375 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $68,000$68,000
IX-11c Accounting feesManagement $10,050$10,050
IX-11g Other fees for servicesPrograms $5,670$5,670
IX-16 OccupancyPrograms $14,483$14,483
IX-23 InsurancePrograms $780$780
IX-24 Other expenses (24a–d)Programs $81,988 · Management $75,869$157,857
IX-24e All other expensesPrograms $5,535$5,535
IX-25 Total functional expensesPrograms $176,456 · Management $85,919 · Fundraising $0$262,375
Part X · Balance sheet $20,128 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $8,611$20,128
X-16 Total assetsStart of year $8,611$20,128
X-25 Other liabilitiesStart of year $41,963$13,254
X-26 Total liabilitiesStart of year $41,963$13,254
X-27 Net assets without donor restrictionsStart of year −$33,352$6,874
X-32 Total net assets or fund balancesStart of year −$33,352$6,874
X-33 Total liabilities and net assetsStart of year $8,611$20,128
Part XI · Reconciliation of net assets $6,874 net assets at year end
XI-1 Total revenue$302,601
XI-2 Total expenses$262,375
XI-3 Revenue less expenses$40,226
XI-4 Net assets at start of year−$33,352
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,874

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

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