Overview
What is Ycs Foundation Inc?
Ycs Foundation Inc is a charitable organization based in Newark, New Jersey, with an address at 284 Broadway, 07104. Their primary objective is to raise funds to support the various programs offered by Ycs, Inc. These programs cater to children and adults in need. For children, they provide residential services for those unable to live with their families due to various reasons. They also offer community programs for children with emotional and behavioral issues, as well as programs that equip first-time mothers with parenting skills. Additionally, Ycs Schools serve children with various challenges, such as emotional, behavioral, and familial issues, as well as those with autism. The foundation supports Ycs' innovative initiatives by filling in funding gaps left by government sources, enabling them to expand their programming and provide comprehensive care for the children in their care.
Official website here: www.ycs.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
The Ycs Foundation Inc has received a low rating primarily due to its Accountability & Finance score of 56%. While the organization demonstrates strong governance with a fully independent board and policies in place for conflicts of interest and whistleblower protection, several financial indicators raise concerns. Notably, the program expense ratio is quite low at 45.28%, suggesting that less than half of its expenditures go towards its programs, which could indicate inefficiencies in fund allocation.
Another significant issue is the liabilities to assets ratio, which stands at 88.92%. This high ratio may signal potential financial instability, as it indicates that the organization may have more liabilities than assets, affecting its ability to sustain its operations in the long term. Furthermore, the absence of the required tax form on its website could be perceived as a lack of transparency, a key aspect that donors often consider when deciding where to contribute.
Overall, while the Ycs Foundation Inc has established a solid governance framework, the financial health and program efficiency concerns reflected in its low scores present limitations that potential donors and stakeholders should carefully consider when evaluating the effectiveness and reliability of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ycs Foundation Inc legitimate?
Ycs Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ycs Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $281,016
For more financial information, click here
Official website here: www.ycs.org
What is the mission statement of Ycs Foundation Inc?
The YCS Foundation's mission is to bridge the gaps in funding that the government may overlook, enabling YCS to remain innovative in serving children. This foundation can support unconventional programming ideas before government sources recognize the need, expand YCS's programming beyond problem-focused projects, and ensure that the children under YCS's care have all the necessary resources to thrive.
Official website here: www.ycs.org
Who is the CEO of Ycs Foundation Inc?
Tara Augustine is the CEO of Ycs Foundation Inc The CEO's salary of Ycs Foundation Inc is $0 and their total compensation is $340,966.
Official website here: www.ycs.org
What is the revenue of Ycs Foundation Inc?
Ycs Foundation Inc's revenue in 2024 was $2,270,311.
Official website here: www.ycs.org
Who are the executives of Ycs Foundation Inc and what are their salaries?
There 113 volunteers at Ycs Foundation Inc.
Here are 17 key members and their salaries (Ycs Foundation Inc's CEO's salary is $0 and their total compensation is $340,966):
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- Related: $309,016
- Other: $31,950
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- Related: $135,229
- Other: $4,227
- Compensation: $0
- Related: $205,696
- Other: $4,174
Official website here: www.ycs.org
Where can I find the form 990 for Ycs Foundation Inc?
Ycs Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ycs.org
Learn more at the official website: www.ycs.org
Mission Statement of Ycs Foundation Inc
Ycs Foundation Inc's mission is centered around bridging the funding gaps left by the government, enabling YCS to remain innovative in its approach to serving children. The foundation's role is significant as it allows for the funding of novel programming ideas before government sources recognize the need, fostering growth in YCS' programming beyond traditional problem-focused programs. Furthermore, Ycs Foundation Inc is committed to providing the children under YCS' care with all the resources necessary for their well-being and thriving. By filling these funding gaps, the foundation plays a crucial role in ensuring YCS can continue to evolve and meet the unique needs of the children it serves.
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Impact
October, 2024
The YCS Foundation Inc significantly enhances the lives of children by addressing critical gaps in funding and support. Its primary focus is to enable innovative programming that may not be covered by traditional government sources. By proactively funding initiatives that respond to emerging needs, the foundation ensures that children in various care programs can thrive.
Through its support for residential programs, the foundation offers safe environments for children who cannot live with their families. It also addresses the needs of adults requiring full-time support due to developmental disabilities. Additionally, YCS provides essential community programs that target children facing emotional and behavioral challenges and helps equip first-time mothers with vital parenting skills.
YCS Schools play a pivotal role by providing personalized education for children dealing with emotional and family issues, as well as those with autism. This tailored approach allows students to receive the attention necessary for their growth and development, far beyond what traditional educational settings offer.
The foundation raises awareness and resources through a variety of fundraising events, engaging both individuals and corporate partners in its mission. Overall, YCS Foundation Inc's efforts create a profound and lasting impact on the well-being and future prospects of the children it serves.
This information is meant to be a general summary of Ycs Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $146,575
- Gross Receipts: $3,213,552
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1999
Principal Officer
Tara Augustine
Website
www.ycs.orgNTEE Category
Code: P123 - Human services
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