Y2y Network INC FY2023 filing

Tax-deductible

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

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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.
59¢ of each $1 spent went to programs.
$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
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
22 mo
of spending, in cash
Looks good: 21.8 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
$69K
3% of total assets
Looks good: liabilities are 3% 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
$1.6M
+32% vs prior year
Spent
$988K
To programs
59%
Net assets
$2.3M
By yearFY2021–FY2024
Revenue
$1.6M
FY2023▲ +32%
Revenue by fiscal year
FY2021$2.1M
FY2022$1.2M
FY2023$1.6M
FY2024$827K
FY2024$1.3M
Expenses
$988K
FY2023▼ -15%
Expenses by fiscal year
FY2021$1.7M
FY2022$1.2M
FY2023$988K
FY2024$1.1M
FY2024$1.4M
Net assets
$2.3M
FY2023▲ +39%
Net assets by fiscal year
FY2021$1.6M
FY2022$1.6M
FY2023$2.3M
FY2024$2.0M
FY2024$2.0M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

59 cents of each dollar spent went to programs.

Program services 59% · $586K Management & general 26% · $252K Fundraising 15% · $150K

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

11 people listed on the 990; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Interim Exec Director
$73,849Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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

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1 program · $586K · in their own filed words · FY2022
01

Our most significant achievements relate directly to the three pillars of Y2Y'S model: sanctuary, pathways and advocacy. Sanctuary: in FY23, Y2Y harvard square served more than 100 unique guests. Greater than 80% of guests reported that Y2Y harvard square is a welcoming and inclusive space for people of all backgrounds.

$586Kprogram 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
Total grants receivedfrom 1 funder$2K
Grants paid · 7 grants · $550K · 2020–2024

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$11K
Fees for servicesLn 2g$9K
Money outPt IX
$988K
Ln 25
Programscol B$586K
Managementcol C$252K
Fundraisingcol D$150K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$2.3M
LiabilitiesLn 26$69K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$40K
Fundraising eventsLn 1c$16K
Fees for servicesLn 2g$9K
Investment incomeLn 3$11K
Gains on assetsLn 7−$7K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$250K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$431K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.3M
LiabilitiesLn 26$69K
Net assetsLn 32$2.3M
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 FY23End FY23
Cash and savingsLn 1–2$1.6M$1.8M
InvestmentsLn 11–13$0$431K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.7M$2.3M
LiabilitiesLn 26$64K$69K
Net assetsLn 32$1.6M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$65K$65K
Pay of current officers, directors and key staffLn 5$556K$337K$103K$116K
Other employee benefitsLn 9$36K$19K$8K$9K
Payroll taxesLn 10$54K$33K$10K$11K
Accounting feesLn 11c$68K$0$68K$0
Investment management feesLn 11f$619$0$619$0
Office expensesLn 13$28K$4K$14K$10K
OccupancyLn 16$2K$2K$0$0
TravelLn 17$17K$7K$9K$1K
InsuranceLn 23$20K$13K$5K$2K
Other expenses (24a–d)Ln 24$141K$107K$34K$684
Total functional expensesLn 25$988K$586K$252K$150K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $827K$1.1M−$279K$2.0M 990 PDF
FY2023 Viewing $1.6M$988K$584K$2.3M 990 PDF
FY2022 $1.2M$1.2M$20K$1.6M 990 PDF
FY2021 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,572,144 across 8 lines filed
VIII-1c Fundraising events$15,979
VIII-1e Government grants$40,000
VIII-1f All other contributions, gifts and grants$1,496,188
VIII-1h Total contributions, gifts and grants$1,552,167
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$8,875
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $17,854$17,854
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$6,752−$6,752
VIII-12 Total revenueRelated to mission $8,875 · Unrelated business $0 · Excluded from tax $11,102$1,572,144
Part IX · Statement of functional expenses $988,132 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $64,636$64,636
IX-5 Pay of current officers, directors and key staffPrograms $336,611 · Management $103,403 · Fundraising $116,049$556,063
IX-9 Other employee benefitsPrograms $18,609 · Management $8,412 · Fundraising $9,441$36,462
IX-10 Payroll taxesPrograms $32,990 · Management $9,886 · Fundraising $11,095$53,971
IX-11c Accounting feesPrograms $0 · Management $68,260 · Fundraising $0$68,260
IX-11f Investment management feesPrograms $0 · Management $619 · Fundraising $0$619
IX-13 Office expensesPrograms $4,182 · Management $13,882 · Fundraising $10,265$28,329
IX-16 OccupancyPrograms $2,016 · Management $0 · Fundraising $0$2,016
IX-17 TravelPrograms $7,150 · Management $8,794 · Fundraising $1,049$16,993
IX-23 InsurancePrograms $12,764 · Management $5,257 · Fundraising $1,613$19,634
IX-24 Other expenses (24a–d)Programs $106,935 · Management $33,530 · Fundraising $684$141,149
IX-25 Total functional expensesPrograms $585,893 · Management $252,043 · Fundraising $150,196$988,132
Part X · Balance sheet $2,324,525 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,612,951$250,000
X-2 Savings and temporary cash investmentsStart of year $32,048$1,547,509
X-3 Pledges and grants receivableStart of year $39,551$88,603
X-9 Prepaid expenses and deferred chargesStart of year $7,690$7,398
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$431,015
X-16 Total assetsStart of year $1,692,240$2,324,525
X-17 Accounts payable and accrued expensesStart of year $32,330$68,957
X-26 Total liabilitiesStart of year $64,277$68,957
X-27 Net assets without donor restrictionsStart of year $1,603,412$1,539,355
X-28 Net assets with donor restrictionsStart of year $24,551$716,213
X-32 Total net assets or fund balancesStart of year $1,627,963$2,255,568
X-33 Total liabilities and net assetsStart of year $1,692,240$2,324,525
Part XI · Reconciliation of net assets $2,255,568 net assets at year end
XI-1 Total revenue$1,572,144
XI-2 Total expenses$988,132
XI-3 Revenue less expenses$584,012
XI-4 Net assets at start of year$1,627,963
XI-5 Net unrealized gains (losses) on investments$11,646
XI-9 Other changes in net assets$31,947
XI-10 Net assets at end of year$2,255,568

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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