Y2y Network INC FY2024 filing

Tax-deductible

Cambridge, MA501(c)(3)Since 2017Youth DevelopmentEIN 82-1755423Revenue $827K in FY2024

On file with the IRSy2ynetwork.org955 Massachusetts Avenue, 02139-3233 · Cambridge, MATax-exempt since Aug 2018Publicly supported charity — 170(b)(1)(A)(vi)

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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.
66¢ of each $1 spent went to programs.
$72K 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 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
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$72K
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
16 mo
of spending, in cash
Looks good: 15.9 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
$139K
6% of total assets
Looks good: liabilities are 6% 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
$827K
-47% vs prior year
Spent
$1.1M
To programs
66%
Net assets
$2.0M
By yearFY2021–FY2024
Revenue
$827K
FY2024▼ -47%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.1M
FY2022$1.2M
FY2023$1.6M
FY2024$827K
FY2024$1.3M
Expenses
$1.1M
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.7M
FY2022$1.2M
FY2023$988K
FY2024$1.1M
FY2024$1.4M
Net assets
$2.0M
FY2024▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.6M
FY2022$1.6M
FY2023$2.3M
FY2024$2.0M
FY2024$2.0M

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 Aug 2018.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $730K Management & general 19% · $205K Fundraising 15% · $170K

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; $72K 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
$72,321Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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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.

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Provided by the organization

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1 program · $730K · in their own filed words · FY2023
01

Our most significant achievements relate directly to the three pillars of Y2YS 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.

$730Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$827K
Ln 12
Gifts and grantsLn 1h$740K
Fees for servicesLn 2g$52K
Investment incomeLn 3$35K
Money outPt IX
$1.1M
Ln 25
Programscol B$730K
Managementcol C$205K
Fundraisingcol D$170K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$2.1M
LiabilitiesLn 26$139K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$740K
Government grantsLn 1e$118K
Fundraising eventsLn 1c$11K
Fees for servicesLn 2g$52K
Investment incomeLn 3$35K
Gains on assetsLn 7$6K
Total revenueLn 12$827K
Assets in detailPt X, end of year
CashLn 1$226K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$561K
Total assetsLn 16$2.1M
LiabilitiesLn 26$139K
Net assetsLn 32$2.0M
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 FY24End FY24
Cash and savingsLn 1–2$1.7M$1.5M
InvestmentsLn 11–13$506K$561K
Total assetsLn 16$2.3M$2.1M
LiabilitiesLn 26$69K$139K
Net assetsLn 32$2.3M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$88K$88K
Other salaries and wagesLn 7$626K$444K$67K$115K
Other employee benefitsLn 9$46K$28K$6K$12K
Payroll taxesLn 10$68K$51K$6K$11K
Accounting feesLn 11c$52K$0$52K$0
Investment management feesLn 11f$3K$0$3K$0
Office expensesLn 13$32K$3K$18K$11K
OccupancyLn 16$4K$4K$42$0
TravelLn 17$9K$4K$4K$872
InsuranceLn 23$20K$13K$5K$2K
Other expenses (24a–d)Ln 24$158K$96K$42K$20K
Total functional expensesLn 25$1.1M$730K$205K$170K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $826,740 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,552,167$740,362
I-9 Program service revenuePrior year $8,875$51,780
I-10 Investment incomePrior year $11,102$34,598
I-11 Other revenue$0
I-12 Total revenuePrior year $1,572,144$826,740
I-13 Grants and similar amounts paidPrior year $64,636$87,557
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $646,496$739,451
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $277,000$278,310
I-18 Total expensesPrior year $988,132$1,105,318
I-19 Revenue less expensesPrior year $584,012−$278,578
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $826,740 across 8 lines filed
VIII-1c Fundraising events$11,107
VIII-1e Government grants$118,356
VIII-1f All other contributions, gifts and grants$610,899
VIII-1h Total contributions, gifts and grants$740,362
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$51,780
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $28,406$28,406
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,192$6,192
VIII-12 Total revenueRelated to mission $51,780 · Unrelated business $0 · Excluded from tax $34,598$826,740
Part IX · Statement of functional expenses $1,105,318 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $87,557$87,557
IX-7 Other salaries and wagesPrograms $444,041 · Management $67,061 · Fundraising $114,846$625,948
IX-9 Other employee benefitsPrograms $27,555 · Management $6,496 · Fundraising $11,530$45,581
IX-10 Payroll taxesPrograms $51,393 · Management $6,018 · Fundraising $10,511$67,922
IX-11c Accounting feesPrograms $0 · Management $51,502 · Fundraising $0$51,502
IX-11f Investment management feesPrograms $0 · Management $3,391 · Fundraising $0$3,391
IX-13 Office expensesPrograms $3,030 · Management $18,449 · Fundraising $10,781$32,260
IX-16 OccupancyPrograms $3,865 · Management $42 · Fundraising $0$3,907
IX-17 TravelPrograms $3,838 · Management $4,432 · Fundraising $872$9,142
IX-23 InsurancePrograms $12,996 · Management $5,459 · Fundraising $1,965$20,420
IX-24 Other expenses (24a–d)Programs $96,186 · Management $41,999 · Fundraising $19,503$157,688
IX-25 Total functional expensesPrograms $730,461 · Management $204,849 · Fundraising $170,008$1,105,318
Part X · Balance sheet $2,149,739 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $250,000$226,168
X-2 Savings and temporary cash investmentsStart of year $1,472,438$1,240,738
X-3 Pledges and grants receivableStart of year $75,000$85,000
X-4 Accounts receivableStart of year $13,603$24,472
X-9 Prepaid expenses and deferred chargesStart of year $7,398$12,002
X-11 Publicly traded securitiesStart of year $506,086$561,359
X-16 Total assetsStart of year $2,324,525$2,149,739
X-17 Accounts payable and accrued expensesStart of year $68,957$138,961
X-26 Total liabilitiesStart of year $68,957$138,961
X-27 Net assets without donor restrictionsStart of year $1,539,355$1,161,017
X-28 Net assets with donor restrictionsStart of year $716,213$849,761
X-32 Total net assets or fund balancesStart of year $2,255,568$2,010,778
X-33 Total liabilities and net assetsStart of year $2,324,525$2,149,739
Part XI · Reconciliation of net assets $2,010,778 net assets at year end
XI-1 Total revenue$826,740
XI-2 Total expenses$1,105,318
XI-3 Revenue less expenses−$278,578
XI-4 Net assets at start of year$2,255,568
XI-5 Net unrealized gains (losses) on investments$33,788
XI-10 Net assets at end of year$2,010,778

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

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