Y2y Network INC FY2021 filing

Tax-deductible

Cambridge, MA501(c)(3)Since 2017Youth DevelopmentEIN 82-1755423

Y2y network is building student-led programming to interrupt the cycle of homelessness for a generation of young adults. We employ a youth-to-youth model to provide a safe and affirming environment for young adults

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$108K 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

FY2021 · 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 4
filings with a surplus
Average surplus $190K a year · 13% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$108K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$71K
4% of total assets
Looks good: liabilities are 4% 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
$2.1M
Spent
$1.7M
To programs
79%
Net assets
$1.6M
By yearFY2021–FY2024
Revenue
$2.1M
FY2021
Revenue by fiscal year
FY2021$2.1M
FY2022$1.2M
FY2023$1.6M
FY2024$827K
FY2024$1.3M
Expenses
$1.7M
FY2021
Expenses by fiscal year
FY2021$1.7M
FY2022$1.2M
FY2023$988K
FY2024$1.1M
FY2024$1.4M
Net assets
$1.6M
FY2021
Net assets by fiscal year
FY2021$1.6M
FY2022$1.6M
FY2023$2.3M
FY2024$2.0M
FY2024$2.0M

From the FY2021 Form 990 (year ending June 2021) · 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 Aug 2018.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.3M Management & general 11% · $195K Fundraising 10% · $168K

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

Who runs it and what they're paid

12 people listed on the 990; $108K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$107,516Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Sharon L Scott’s $118K as Executive Director is at the 42nd 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Cameron Van Fossen———$126,860$107,516
Sharon L Scott$117,943————
Sharon Scott—$72,321$73,849——

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 Y2y Network 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers young adults to lead programs that break the cycle of homelessness.

Provided by the organization

This section is blank until Y2y Network INC claims this page.

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1 program service account for $1.3M of program spending, described in the organization's own filed words · FY2020.
01

Our most significant achievements relate directly to the three pillars of Y2Y'S model. Sanctuary-in FY21, Y2Y harvard square served 103 of unique guests. Throughout the COVID-19 pandemic, Y2Y harvard square transitioned from a 30-DAY stay policy to an indefinite stay policy for our guests.

$1.3Mprogram 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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 7 grants · $550K · 2020–2024

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$468
Money outPt IX
$1.7M
Ln 25
Programscol B$1.3M
Managementcol C$195K
Fundraisingcol D$168K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.7M
LiabilitiesLn 26$71K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$731K
Noncash giftsLn 1g$5K
Investment incomeLn 3$468
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$101
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$31K
Total assetsLn 16$1.7M
LiabilitiesLn 26$71K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 517
VolunteersI 6130
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 FY21End FY21
Cash and savingsLn 1–2$1.0M$1.1M
Land, buildings, equipmentLn 10c$0$31K
Total assetsLn 16$1.4M$1.7M
LiabilitiesLn 26$236K$71K
Net assetsLn 32$1.2M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$218K$218K
Pay of current officers, directors and key staffLn 5$134K$67K$27K$40K
Other salaries and wagesLn 7$730K$560K$85K$86K
Other employee benefitsLn 9$108K$83K$12K$12K
Payroll taxesLn 10$99K$77K$10K$12K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$106K$91K$7K$9K
Office expensesLn 13$46K$9K$31K$7K
OccupancyLn 16$9K$9K$165$61
TravelLn 17$2K$982$549
Depreciation, depletion and amortizationLn 22$31K$31K
InsuranceLn 23$20K$15K$5K$990
Other expenses (24a–d)Ln 24$189K$189K
Total functional expensesLn 25$1.7M$1.3M$195K$168K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $827K$1.1M−$279K$2.0M 990 PDF
FY2023 $1.6M$988K$584K$2.3M 990 PDF
FY2022 $1.2M$1.2M$20K$1.6M 990 PDF
FY2021 Viewing $2.1M$1.7M$434K$1.6M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,146,044 across 6 lines filed
VIII-1e Government grants$730,628
VIII-1f All other contributions, gifts and grants$1,414,948
VIII-1g Noncash contributions (included above)$5,223
VIII-1h Total contributions, gifts and grants$2,145,576
VIII-3 Investment incomeExcluded from tax $468$468
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $468$2,146,044
Part IX · Statement of functional expenses $1,711,715 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $218,387$218,387
IX-5 Pay of current officers, directors and key staffPrograms $67,179 · Management $26,871 · Fundraising $40,307$134,357
IX-7 Other salaries and wagesPrograms $559,565 · Management $84,536 · Fundraising $86,309$730,410
IX-9 Other employee benefitsPrograms $82,624 · Management $12,478 · Fundraising $12,484$107,586
IX-10 Payroll taxesPrograms $76,651 · Management $10,490 · Fundraising $12,205$99,346
IX-11c Accounting feesManagement $17,450$17,450
IX-11g Other fees for servicesPrograms $90,526 · Management $7,119 · Fundraising $8,700$106,345
IX-13 Office expensesPrograms $8,645 · Management $30,595 · Fundraising $7,113$46,353
IX-16 OccupancyPrograms $9,126 · Management $165 · Fundraising $61$9,352
IX-17 TravelPrograms $982 · Management $549$1,531
IX-22 Depreciation, depletion and amortizationPrograms $31,480$31,480
IX-23 InsurancePrograms $14,851 · Management $4,542 · Fundraising $990$20,383
IX-24 Other expenses (24a–d)Programs $188,735$188,735
IX-25 Total functional expensesPrograms $1,348,751 · Management $194,795 · Fundraising $168,169$1,711,715
Part X · Balance sheet $1,678,487 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $921,642$1,120,006
X-2 Savings and temporary cash investmentsStart of year $80,596$101
X-3 Pledges and grants receivableStart of year $397,446$518,598
X-9 Prepaid expenses and deferred chargesStart of year $9,897$8,302
X-10c Land, buildings and equipment, netStart of year $0$31,480
X-16 Total assetsStart of year $1,409,581$1,678,487
X-17 Accounts payable and accrued expensesStart of year $157,883$70,760
X-26 Total liabilitiesStart of year $236,183$70,760
X-27 Net assets without donor restrictionsStart of year $1,022,399$1,306,727
X-28 Net assets with donor restrictionsStart of year $150,999$301,000
X-32 Total net assets or fund balancesStart of year $1,173,398$1,607,727
X-33 Total liabilities and net assetsStart of year $1,409,581$1,678,487
Part XI · Reconciliation of net assets $1,607,727 net assets at year end
XI-1 Total revenue$2,146,044
XI-2 Total expenses$1,711,715
XI-3 Revenue less expenses$434,329
XI-4 Net assets at start of year$1,173,398
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,607,727

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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