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Devils Youth Foundation INC

Tax-deductible

Newark, NJ501(c)(3)Arts & Culture EIN 81-5042106Revenue $2.1M in FY2024

On file with the IRSdevilsyouthfoundation.org25 Lafayette St, 07102-3603 · Newark, NJTax-exempt since Jan 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Devils Youth Foundation (dyf), a 501(c)(3) organization,enriches the lives of new jersey's Youth by creating life-changing opportunities and inspiring Youth in our communities through the power of sports and entertainment. The Foundation addresses issues such as food insecurities, health and wellness, safe places to play, learn, and grow, and diversity and inclusion by creating and expanding Youth programming through strategic partnerships with community organizations.

501(c)(3) charity; gifts are tax-deductible.
80¢ 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
4 of 4
filings with a surplus
Average surplus $269K a year · 21% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $169K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$624K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+47% vs prior year
Spent
$1.9M
To programs
80%
Net assets
$1.0M
By yearFY2021–FY2024
Revenue
$2.1M
FY2024▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2021$448K
FY2022$1.2M
FY2023$1.4M
FY2024$2.1M
Expenses
$1.9M
FY2024▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2021$130K
FY2022$791K
FY2023$1.3M
FY2024$1.9M
Net assets
$1.0M
FY2024▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2021$273K
FY2022$695K
FY2023$795K
FY2024$1.0M

From the FY2024 Form 990 · 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 Jan 2018.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.5M Management & general 20% · $374K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Jake Reynolds
President
$0Pt VII · Sec A
David Collins
Treasurer
$0Pt VII · Sec A
Brad Shron
Secretary
$0Pt VII · Sec A
Christopher James
Board Member
$0Pt VII · Sec A
Marjorie Harris
Board Member
$0Pt VII · Sec A
Sarah Keh
Board Member
$0Pt VII · Sec A
Tad Brown
Board Member
$0Pt VII · Sec A
See Devils Youth Foundation INC 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 15aNo

Programs and updates

Enriches youth lives through sports and entertainment, addressing food insecurity and promoting safe, inclusive spaces.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2024
01

The devils youth foundation invests in organizational programs that impact youth throughout new jersey. Foundation supports safe spaces for kids, health and wellness, holiday drives and ensures kids access to the arts and music education.

$1.5Mprogram 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 · FY2025
Devils Care Foundation INCFY2025$169K
Total grants receivedfrom 1 funder$169K
Grants paid · 84 grants · $2.8M · 2021–2024
United Community CorporationNJ · FY2024$130,000
Hockey in New Jersey INCNJ · FY2024$101,250
New Jersey Performing Arts Center CorporationNJ · FY2024$80,000
Goodwill Industries of Greater New York and Northern New Jersey INCNY · FY2024$80,000
Coalition for Food and Health Equity INCNJ · FY2024$70,000
Unitemized GrantFY2024$68,000
Boys and Girls Clubs of Newark INCNJ · FY2024$65,000
Challenged Athletes INCCA · FY2024$60,000
Community Food Bank of New Jersey INCNJ · FY2024$55,000
Rwj Barnabas Health INCNJ · FY2024$50,000
La Casa De Don Pedro INCNJ · FY2024$50,000
New City Kids FoundationNJ · FY2024$40,000
Ironbound Community CorporationNJ · FY2024$27,500
United Way of Essex & West Hudson D/B/A United Way of Greater NewarkNJ · FY2024$25,000
The Trust for Public LandCA · FY2024$25,000
Special Olympics New Jersey INCNJ · FY2024$25,000
The Oasis Haven for Women & Children INCNJ · FY2024$25,000
Newark Mentoring MovementNJ · FY2024$25,000
See all 84 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$2.2M
Investment incomeLn 3$45K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.5M
Managementcol C$374K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$1.7M
LiabilitiesLn 26$624K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Noncash giftsLn 1g$57K
Fundraising eventsLn 1c$1.3M
Investment incomeLn 3$45K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$50K
Cash and savings togetherLn 1–2$1.5M
Total assetsLn 16$1.7M
LiabilitiesLn 26$624K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$952K$1.5M
Total assetsLn 16$1.0M$1.7M
LiabilitiesLn 26$230K$624K
Net assetsLn 32$795K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Grants to domestic individualsLn 2$68K$68K
Pay of current officers, directors and key staffLn 5$216K$75K$141K
Other salaries and wagesLn 7$168K$58K$110K
Payroll taxesLn 10$29K$10K$19K
Accounting feesLn 11c$49K$49K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$17K$17K
Information technologyLn 14$11K$11K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$14K$14K
InsuranceLn 23$1K$1K
Total functional expensesLn 25$1.9M$1.5M$374K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.1M$1.9M$236K$1.0M 990 PDF
FY2023 $1.4M$1.3M$100K$795K 990 PDF
FY2022 $1.2M$791K$422K$695K 990 PDF
FY2021 $448K$130K$318K$273K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,088,055 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,455,902$2,242,236
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $15,208$45,335
I-11 Other revenuePrior year −$51,048−$199,516
I-12 Total revenuePrior year $1,420,062$2,088,055
I-13 Grants and similar amounts paidPrior year $932,011$1,335,073
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $270,488$412,681
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $117,418$104,249
I-18 Total expensesPrior year $1,319,917$1,852,003
I-19 Revenue less expensesPrior year $100,145$236,052
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,088,055 across 8 lines filed
VIII-1c Fundraising events$1,317,465
VIII-1d Related organizations$100,000
VIII-1f All other contributions, gifts and grants$824,771
VIII-1g Noncash contributions (included above)$57,155
VIII-1h Total contributions, gifts and grants$2,242,236
VIII-3 Investment incomeExcluded from tax $45,335$45,335
VIII-8 Net income from fundraising eventsExcluded from tax −$199,516−$199,516
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$154,181$2,088,055
Part IX · Statement of functional expenses $1,852,003 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $1,267,073$1,267,073
IX-2 Grants to domestic individualsPrograms $68,000$68,000
IX-5 Pay of current officers, directors and key staffPrograms $74,652 · Management $140,951$215,603
IX-7 Other salaries and wagesPrograms $58,083 · Management $109,668$167,751
IX-10 Payroll taxesPrograms $10,154 · Management $19,173$29,327
IX-11c Accounting feesManagement $48,990$48,990
IX-11g Other fees for servicesManagement $4,815$4,815
IX-12 Advertising and promotionManagement $6,397$6,397
IX-13 Office expensesManagement $16,600$16,600
IX-14 Information technologyManagement $10,779$10,779
IX-17 TravelManagement $1,742$1,742
IX-19 Conferences, conventions and meetingsManagement $13,572$13,572
IX-23 InsuranceManagement $1,354$1,354
IX-25 Total functional expensesPrograms $1,477,962 · Management $374,041 · Fundraising $0$1,852,003
Part X · Balance sheet $1,655,689 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $902,019$1,498,860
X-2 Savings and temporary cash investmentsStart of year $50,000$50,000
X-4 Accounts receivableStart of year $43,777$51,949
X-9 Prepaid expenses and deferred chargesStart of year $16,575$42,327
X-14 Intangible assetsStart of year $12,553$12,553
X-16 Total assetsStart of year $1,024,924$1,655,689
X-17 Accounts payable and accrued expensesStart of year $21,811$59,158
X-19 Deferred revenueStart of year $206,960$557,119
X-25 Other liabilitiesStart of year $880$8,087
X-26 Total liabilitiesStart of year $229,651$624,364
X-27 Net assets without donor restrictionsStart of year $795,273$1,031,325
X-32 Total net assets or fund balancesStart of year $795,273$1,031,325
X-33 Total liabilities and net assetsStart of year $1,024,924$1,655,689
Part XI · Reconciliation of net assets $1,031,325 net assets at year end
XI-1 Total revenue$2,088,055
XI-2 Total expenses$1,852,003
XI-3 Revenue less expenses$236,052
XI-4 Net assets at start of year$795,273
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,031,325

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

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