Youth Collaborative INC FY2024 filing

Tax-deductible

Winston Salem, NC501(c)(3)Since 2020Human ServicesEIN 85-1060053

To work with youth in the community by providing them with tools and resources to ensure their future success.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$45K 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
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
1 of 2
years in the black
Worth a look: 1 of the last 2 filings shows a deficit.
Pt I · Ln 19 · 2 filings
How much reaches the programs?
96%
of spending
Looks good: 96% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$45K
to officers and key staff · 16% of spending
Worth a look: leaders' pay is 16% of spending; over 15% is worth a look.
Pt VII · Sec A
Do they have reserves?
<1 mo
of spending, in cash
Concern: 0.7 months of spending in cash; under 1 is a concern.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $5K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$18K
liabilities
Looks good: debts are 17% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
4
independent of 4 voting board members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$344K
+43% vs prior year
Spent
$289K
To programs
96%
Net assets
$85K
By yearFY2021–FY2024
Revenue
$344K
FY2024▲ +43%
Revenue by fiscal year
FY2021$107K
FY2022$183K
FY2023$240K
FY2024$344K
FY2024$319K
Expenses
$289K
FY2024▲ +18%
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$244K
FY2024$289K
FY2024$346K
Net assets
$85K
FY2024▲ +184%
Net assets by fiscal year
FY2021$10K
FY2022$34K
FY2023$30K
FY2024$85K
FY2024$58K

From the FY2024 Form 990 (year ending June 2024) · see the original

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CYouth Collaborative INC
EINHdr · item D85-1060053
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2020
Year of formationHdr · item L2020
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CWinston Salem, NC
NTEE classificationIRS BMFHuman Services (P30)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$277K
Management & general4%$12K
Total functional expensesLn 25$289K

Financial health

Is it on solid ground?

Program efficiency
96%
of spending reaches programs
Operating runway
0.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+16%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$103K
FY2024▲ +36%
Total assets by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$75K
FY2024$103K
FY2024$73K
Total liabilities
$18K
FY2024▼ -61%
Total liabilities by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$46K
FY2024$18K
FY2024$15K
Revenue less expensesPt I · Ln 19$55K
Total assetsPt X · Ln 16$103K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1$17K
Total assetsLn 16$103K
Total liabilitiesLn 26$18K
Total net assetsLn 32$85K
Months of cash on handcomputed0.7

Statement of Revenue

Part VIII
Contributions & grants100%$344K
Other revenue$185
— government grantsLn 1e$277K
Total revenueLn 12$344K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $17K · Operating expenses (Pt IX) $289K · Less non-cash grants $5K · Cash operating expenses/yr $284K
0.7 months
Where the money goes
Program services
Program services $277K · Total expenses $289K
96%
Management & General
Management & general $12K · Total expenses $289K
4%
Fundraising
Fundraising $0 · Total expenses $289K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $42K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $344K · Total revenue $344K
100%
Government reliance
Government grants $277K · Total revenue $344K
81%
Earned-income share
Program service revenue $0 · Total revenue $344K
0%
Investment reliance
Investment income $0 · Total revenue $344K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $289K
0%
Growth & trend
Revenue growth (YoY)
This year $344K · Prior year $240K
+43%
Net-asset trend (YoY)
End of year $85K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $344K · Expenses $289K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $103K
—
Net-asset ratio
Net assets $85K · Total assets $103K
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $103K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Terra Lataille · Reported title Program Director · Highest reported compensation $45K · Total expenses $289K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $182K · Total expenses $289K
63%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%——
Overhead ratio 4%——
Fundraising cost ratio 0%——
Revenue growth 43%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 6%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Program Director
$45,074Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Terra Lataille’s $46K as Executive Director is at the 34th percentile of top reported officer pay among 2168 $100K–1M human services 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

NameFY2024FY2024FY2023FY2022
Terra Lataille$45,973$45,074$49,003$46,450

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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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • 4Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Empowers youth with tools and resources for future success.

Provided by the organization

This section is blank until Youth Collaborative INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $277K of program spending, described in the organization's own filed words · FY2023.
01

Project X is specially geared toward working with youth who are gang involved or at-risk of gang involvement to decrease gun and gang violance in Forsyth County.

$277Kprogram 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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$5K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Viewing $344K$289K+43% 990 PDF
FY2023 $240K$244K+31% 990 PDF
FY2022 $183K—+71% 990 PDF
FY2021 $107K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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