Overview
What is Philadelphia Youth Network Inc?
Philadelphia Youth Network Inc, based in Philadelphia, Pennsylvania, is a leading nonprofit organization dedicated to bridging the gap between education and employment for young people in the city. With a network of over 95 partner organizations, they offer access to numerous workforce development services. In the 2021-2022 fiscal year, PYN created over 10,000 opportunities for young Philadelphia residents, with more than 8,000 young people participating in their programs. Their initiatives include WorkReady summer and school-year programs, E3 programs, and out-of-school-time programs. Focused on equity and poverty alleviation, PYN particularly aims to serve youth who face systemic barriers to accessing these opportunities. Through their WorkReady and E Services initiatives, they provide skill-building opportunities, paid work experiences, and comprehensive support, helping young people take the next step toward a successful career.
Official website here: www.pyninc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating
Philadelphia Youth Network Inc has received an overall score of 89% from Charity Navigator, indicating a solid performance in both accountability and impact. The charity's strengths lie in its strong governance, with a fully independent board, and robust financial practices demonstrated by a high program expense ratio of 90.05%. Additionally, the organization excels in its impact measurement, achieving a perfect score in both impact scores and evaluations, which suggests effective program implementation.
While the organization has notable strengths, the score for accountability and finance reflects some areas for improvement, particularly in the metrics that pertain to these categories, where it scored 56%. However, the charity's commitment to transparency is evident through its adherence to policies such as conflict of interest and whistleblower protections, which were fully met.
In summary, Philadelphia Youth Network Inc stands out for its effective programs and strong governance structures. The charity demonstrates a commitment to accountability, but there may be opportunities to enhance its financial management practices further. Overall, it presents a reliable option for donors looking to support youth programs in Philadelphia.
This AI summary has been generated from information found on Charity Navigator.
Is Philadelphia Youth Network Inc legitimate?
Philadelphia Youth Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philadelphia Youth Network 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: $505,214
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,626,459
For more financial information, click here
Official website here: www.pyninc.org
What is the mission statement of Philadelphia Youth Network Inc?
The Philadelphia Youth Network Inc aims to alleviate poverty and promote equity through education and employment. They manage two major initiatives: WorkReady programs and E Services. WorkReady provides skill-building opportunities and paid work experiences for young people aged 12-24 in various career fields, allowing them to develop essential skills for a competitive economy. E Services help teens and young adults take the next step toward a career, offering comprehensive and individualized support to connect them to post-secondary education, paid work experience, adult mentorship, career pathway coaching, and more. The organization focuses on better serving youth who face systemic barriers to accessing these programs.
Official website here: www.pyninc.org
Who is the CEO of Philadelphia Youth Network Inc?
John F Clayton Jr is the Board Chair of Philadelphia Youth Network Inc. The CEO's salary of Philadelphia Youth Network Inc is $207,644 and their total compensation is $228,966.
Official website here: www.pyninc.org
What is the revenue of Philadelphia Youth Network Inc?
Philadelphia Youth Network Inc's revenue in 2022 was $20,273,014.
Official website here: www.pyninc.org
Who are the executives of Philadelphia Youth Network Inc and what are their salaries?
The average compensation at Philadelphia Youth Network Inc during 2022 was $953. There are 3287 employees and 45 volunteers at Philadelphia Youth Network Inc.
Here are 20 key members and their salaries (Philadelphia Youth Network Inc's CEO's salary is $207,644 and their total compensation is $228,966):
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- Compensation: $207,644
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- Other: $19,498
Official website here: www.pyninc.org
Where can I find the form 990 for Philadelphia Youth Network Inc?
Philadelphia Youth Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pyninc.org
Learn more at the official website: www.pyninc.org
Mission Statement of Philadelphia Youth Network Inc
Philadelphia Youth Network Inc, a nonprofit organization, strives to alleviate poverty and promote equity through education and employment. The team at PYN is dedicated to creating coordinated systems that help young people in Philadelphia achieve academic success and secure economic opportunities. In the years 2021 and 2022, PYN and its partners offered more than 10,000 opportunities for young Philadelphians, with over 8,000 of these young people participating in the WorkReady Summer program. Furthermore, 400 teens and young adults took part in E3 programs, and another 400 participated in WorkReady school-year initiatives. Additionally, 1,000 young people joined out-of-school-time programs.
PyN's vision is to empower young people by providing them with the necessary skills and experiences to thrive in a competitive economy. To achieve this, PYN manages two major initiatives: WorkReady programs and E services. WorkReady offers young people aged 12-24 the opportunity to work in various career fields, enabling them to develop the critical skills needed for future success. Additionally, E services help young people aged 16-24 take the next step towards a career. Through comprehensive and individualized support, PYN connects teens and young adults to post-secondary education, paid work experience, adult mentorship, career pathway coaching, and more. By focusing on better serving youth who face systemic barriers to accessing these programs, PYN aims to make a significant impact on the lives of Philadelphia's young people.
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Impact
October, 2024
Philadelphia Youth Network Inc. significantly enhances the lives of young people in the city by creating coordinated systems that promote academic achievement, economic opportunity, and personal success. In the 2021-2022 period, it facilitated over 10,000 opportunities for young Philadelphians, demonstrating a strong commitment to supporting the youth of the city.
With more than 8,000 participants in the WorkReady Summer program and nearly 400 teens and young adults involved in both the E3 programs and the WorkReady School-Year offerings, PYN ensures ongoing support and engagement. The organization also fostered access to out-of-school-time programs for 1,000 young people, indicating a comprehensive approach to youth development.
PYN is dedicated to alleviating poverty and promoting equity, particularly for youth facing systemic barriers to education and employment. This commitment is seen through initiatives like the Early Qualification Incentive and the Vital Document Fund, which help reduce obstacles to program participation.
The impact is tangible: young participants earned over $5 million in wages and incentives while gaining increased access to vital skills, including digital and financial literacy, alongside professional development. The WorkReady programs provide essential skill-building and paid work experiences, equipping young people aged 12 to 24 with the tools necessary to thrive in a competitive economy. Through individualized support, PYN connects youth to post-secondary education and career pathways, fostering a future where they can achieve personal and professional success.
This information is meant to be a general summary of Philadelphia Youth Network 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 2022.
- Investment Income: $554
- Program Service Revenue: $519,109
- Gross Receipts: $20,273,014
Assets and Liabilities:
- Total Assets: $14,055,738
- Total Liabilities: $4,619,101
- Net Assets: $9,436,637
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$519,109
Organization Details
Founding Year
1999
Phone
(267) 502-3800Principal Officer
John F Clayton Jr
Main Address
400 MARKET STREET 200, PHILADELPHIA, PA, 19106
Website
www.pyninc.orgNTEE Category
Code: O02 - Youth development
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