Yuda Bands EIN 82-1861126 Form 990 (PDF) Claim this org

Yuda Bands FY2022 filing

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Funds scholarships for youth in developing nations, empowering them through leadership and education. For fiscal year 2022 it reported $238K in revenue, $198K in expenses, and $59K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Mapleton, UT
Website
yudabands.org
Filings
5 on file (2020–2022)
Revenue
$238KFY2022
Expenses
$198K
Net assets
$59K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-1861126 Public charity (501(c)(3)) Mapleton, UT
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Funds scholarships for youth in developing nations, empowering them through leadership and education.
Leadership
Christina Tsoi · Board Member
Money in and out
$238K revenue, $198K expenses
Bottom line
60% program efficiency
Where the money goes · FY2022
Total revenue
$238K
Pt VIII · Ln 12
Total expenses
$198K
Pt IX · Ln 25
Net assets
$59K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $40K
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.40
Program efficiency
60%
of spending reaches programs
Operating runway
3.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$238K
FY2022▲ +26%
Expenses
$198K
FY2022▲ +39%
Total assets
$61K
FY2022▲ +162%
Total liabilities
$2K
FY2022▼ -61%
Total revenue
$238K
Pt VIII · Ln 12
Total expenses
$198K
Pt IX · Ln 25
Net assets
$59K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$40K
Total assetsPt X · Ln 16$61K
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CYuda Bands
EINHdr · item D82-1861126
Principal addressHdr · item CMapleton, UT
WebsiteHdr · item Jyudabands.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFDec 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Phillip Whiting’s $28K as Secretary is at the 21st percentile of top reported officer pay among 1613 $100K–1M education 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 · 1 named individual · Part VII

NameFY2024FY2020
Phillip Whiting$28,500$57,359

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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Mission & Programs · Part III

Where the work happens

1 program service account for $119K of program spending, described in the organization's own filed words · FY2022.
01

Yuda Bands made a significant impact in the 2021-22 school year by sponsoring nearly 100 students in Zimbabwe and Guatemala, covering their tuition and school fees. In addition to providing educational support, all international students were enrolled in the LEAD program, ensuring their future job placement and success upon…

$119Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$232K · 97%
Contributions & grants$6K · 3%
Program service revenue97%$232K
Contributions & grants3%$6K
Total revenueLn 12$238K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.40
Program services60%$119K
Management & general40%$80K
Total functional expensesLn 25$198K

Balance Sheet

Part X · end of year
CashLn 1$60K
Total assetsLn 16$61K
Total liabilitiesLn 26$2K
Total net assetsLn 32$59K
Months of cash on handcomputed3.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $60K · Operating expenses/yr $198K
3.6 months
Where the money goes
Program services
Program services $119K · Total expenses $198K
60%
Management & General
Management & general $80K · Total expenses $198K
40%
Fundraising
Fundraising $0 · Total expenses $198K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $27K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $6K · Total revenue $238K
3%
Government reliance
Government grants — · Total revenue $238K
Earned-income share
Program service revenue $232K · Total revenue $238K
97%
Investment reliance
Investment income $0 · Total revenue $238K
0%
Program self-sufficiency
Program service revenue $232K · Total expenses $198K
117%
Growth & trend
Revenue growth (YoY)
This year $238K · Prior year $189K
+26%
Net-asset trend (YoY)
End of year $59K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $238K · Expenses $198K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $61K
Net-asset ratio
Net assets $59K · Total assets $61K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $61K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Christina Tsoi · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $198K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $92K · Total expenses $198K
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 60%
Overhead ratio 40%
Fundraising cost ratio 0%
Revenue growth 26%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$46

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$137K revenue · ⤓ 990 PDF
FY2023$165K revenue · ⤓ 990 PDF
FY2022$238K revenue · viewing · ⤓ 990 PDF
FY2021$189K revenue · ⤓ 990 PDF
FY2020$160K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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