Overview
What is Good Life Philanthropic Youth Foundation Inc?
Good Life Philanthropic Youth Foundation Inc, situated in Syracuse, New York, is a nonprofit organization dedicated to empowering at-risk youth. Their primary objective is to reduce recidivism through life coaching, entrepreneurial training, and financial literacy programs. The foundation's mission is to encourage successful and productive career and life strategies for these vulnerable youth. They operate with a team of 31 individuals, focusing on fostering resilience and equipping young people with essential skills to lead fulfilling lives.
Official website here: www.agoodlifefound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)
Good Life Philanthropic Youth Foundation Inc has received an overall score of 84%, reflecting a strong performance in accountability and finance. The charity's rating is anchored solely on its accountability metrics, indicating a well-managed organization with a focus on transparency. This high score suggests that the foundation is effectively using its resources and maintaining an independent governance structure, as evidenced by its 100% independent board members.
The organization excels in its financial practices, achieving perfect scores in categories such as financial statements and assets management, indicating no material diversion of assets. With a program expense ratio of 95.75%, it demonstrates a commitment to directing funds towards its programs rather than administrative costs. However, there are gaps in its governance policies, specifically the absence of a conflict of interest policy and a whistleblower policy, which were noted in the evaluation.
While Good Life Philanthropic Youth Foundation Inc shows strong financial accountability, the limitations in its governance policies could be seen as areas for improvement. Strengthening these policies would enhance the organization's overall transparency and further build trust with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Good Life Philanthropic Youth Foundation Inc legitimate?
Good Life Philanthropic Youth Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Life Philanthropic Youth 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: $98,410
Professional Fundraising Fees: $0
Other Salaries and Wages: $876,540
For more financial information, click here
Official website here: www.agoodlifefound.org
What is the mission statement of Good Life Philanthropic Youth Foundation Inc?
The Good Life Philanthropic Youth Foundation Inc is committed to encouraging successful and productive career and life strategies for at-risk youth. They accomplish this mission through various means, including life coaching, entrepreneurial training, and financial literacy programs. The goal is to reduce recidivism among at-risk youth by equipping them with essential skills for personal and professional growth. The foundation believes in empowering these youth to lead fulfilling lives and minimize the risks associated with their circumstances.
Official website here: www.agoodlifefound.org
Who is the CEO of Good Life Philanthropic Youth Foundation Inc?
Jonathan Cerrito is the President of Good Life Philanthropic Youth Foundation Inc.
Official website here: www.agoodlifefound.org
What is the revenue of Good Life Philanthropic Youth Foundation Inc?
Good Life Philanthropic Youth Foundation Inc's revenue in 2022 was $2,052,631.
Official website here: www.agoodlifefound.org
Who are the executives of Good Life Philanthropic Youth Foundation Inc and what are their salaries?
The average compensation at Good Life Philanthropic Youth Foundation Inc during 2022 was $31,450. There are 31 employees and 7 volunteers at Good Life Philanthropic Youth Foundation Inc.
Here are 13 key members and their salaries:
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- Compensation: $86,500
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- Other: $11,910
Official website here: www.agoodlifefound.org
Where can I find the form 990 for Good Life Philanthropic Youth Foundation Inc?
Good Life Philanthropic Youth Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.agoodlifefound.org
Learn more at the official website: www.agoodlifefound.org
Mission Statement of Good Life Philanthropic Youth Foundation Inc
The Good Life Philanthropic Youth Foundation Inc is dedicated to encouraging successful and productive career and life strategies for at-risk youth. Their mission is to offer life coaching, entrepreneurial training, and financial literacy to juvenile offenders, aiming to reduce recidivism in this vulnerable population. By providing these critical resources, the foundation seeks to empower at-risk youth, helping them navigate challenges and build a brighter future.
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Impact
October, 2024
Good Life Philanthropic Youth Foundation Inc significantly impacts the lives of "at-risk" youth by empowering them with crucial skills and strategies for personal and professional success. By offering life coaching, entrepreneurial training, and financial literacy, the organization addresses the challenges faced by juvenile offenders, aiming to reduce recidivism and foster a path toward brighter futures. Located in Syracuse, NY, its mission is to encourage productive life choices and career strategies, equipping young individuals with the tools they need to navigate their lives effectively and escape the cycle of disadvantage. The foundation's commitment to education and personal development helps instill hope and drive in participants, ultimately fostering a positive change in the community.
This information is meant to be a general summary of Good Life Philanthropic Youth 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 2022.
- Program Service Revenue: $1,690,484
- Gross Receipts: $2,226,046
Assets and Liabilities:
- Total Assets: $653,028
- Total Liabilities: $3,267
- Net Assets: $649,761
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$1,690,484
Organization Details
Founding Year
2007
Phone
(917) 484-1613Principal Officer
Jonathan Cerrito
Main Address
2610 SOUTH SALINA STREET 4, SYRACUSE, NY, 13205
Website
www.agoodlifefound.orgNTEE Category
Code: B90 - Education
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