Overview
What is Yleana Leadership Foundation Inc?
Yleana Leadership Foundation Inc is a nonprofit organization situated in New York City. Their flagship program, the Yleana Leadership Academy, was established in 2013, offering a residential summer academy for high school seniors preparing for the SAT on the campuses of Colgate University and Mount Holyoke College. The academy provides students with SAT preparation, entrepreneurial skills development, reading, and discussions with counselors. Approximately 80 low-income students attend each summer, receiving a full scholarship covering transportation, tuition, and room and board for one of their three-week sessions. The students, on average, improve their SAT scores by 130-180 points within three weeks. The mission of Yleana Leadership Foundation is to create exceptional educational experiences for individuals from all income levels, preparing them for success in their personal and professional lives while reducing the achievement gap. They aim to level the playing field in education by enhancing SAT scores and critical thinking skills through a traditional summer camp experience on a college campus, offering a college access experience as well. Yleana's mission is also centered around decreasing the opportunity gap to ultimately lower the racial wealth gap. By ensuring students have access to top-tier resources and making strategic financial decisions as they transition into college, the foundation seeks to improve their economic position and ability to accumulate wealth as adults. The organization employs a team of 19 individuals.
Official website here: www.yleana.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating
Yleana Leadership Foundation Inc has earned a respectable Three-Star rating from Charity Navigator, highlighting a strong commitment to accountability and financial health. The organization scores particularly well in leadership and adaptability, achieving a perfect score of 100 in these areas, which suggests effective governance and a responsive approach to changing circumstances. Additionally, the foundation has a fully independent board, which enhances its credibility and integrity.
Strengths of Yleana include a high Culture & Community score of 94 and a solid Program Expense Ratio of 67.42%, indicating that a significant portion of its expenses directly supports its programs. The organization has also demonstrated robust financial oversight practices, with no material diversion of assets reported. However, it has been noted that the organization lacks a whistleblower policy and a document retention and destruction policy, which are areas that could benefit from improvement.
While the overall rating and scores are commendable, the absence of certain governance policies may raise concerns about transparency and risk management. Addressing these limitations could further enhance the foundation's credibility and operational effectiveness, ensuring that it continues to meet the expectations of its stakeholders and the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Yleana Leadership Foundation Inc legitimate?
Yleana Leadership Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yleana Leadership 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: $152,403
Professional Fundraising Fees: $0
Other Salaries and Wages: $344,114
For more financial information, click here
Official website here: www.yleana.org
What is the mission statement of Yleana Leadership Foundation Inc?
The Yleana Leadership Foundation's mission is centered around decreasing the opportunity gap to subsequently reduce the racial wealth gap. This is achieved by providing students with access to top-tier resources and helping them make strategic financial decisions as they transition into college. By doing so, the foundation aims to improve their economic position and ability to accumulate wealth in their adult lives. The foundation's flagship program, the Yleana Leadership Academy, offers a residential summer academy for rising high school seniors preparing for the SAT. During this three-week program, students not only prepare for the SAT but also develop entrepreneurial skills, read, and discuss their future with counselors and peers. The academy, which takes place on the campuses of Colgate University and Mount Holyoke College, provides a full scholarship to approximately 80 low-income students each summer, including transportation, tuition, room, and board. Following the summer program, academic sessions are conducted in the students' hometowns as they prepare to take the fall's SAT. As a result, students experience significant improvements in their SAT scores, with an average increase of 130-180 points.
Official website here: www.yleana.org
Who is the CEO of Yleana Leadership Foundation Inc?
Alyssa Bowlby is the Executive Director of Yleana Leadership Foundation Inc.
Official website here: www.yleana.org
What is the revenue of Yleana Leadership Foundation Inc?
Yleana Leadership Foundation Inc's revenue in 2022 was $1,431,754.
Official website here: www.yleana.org
Who are the executives of Yleana Leadership Foundation Inc and what are their salaries?
The average compensation at Yleana Leadership Foundation Inc during 2022 was $26,132. There are 19 employees and 36 volunteers at Yleana Leadership Foundation Inc.
Here are 12 key members and their salaries:
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Official website here: www.yleana.org
Where can I find the form 990 for Yleana Leadership Foundation Inc?
Yleana Leadership Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yleana.org
Learn more at the official website: www.yleana.org
Mission Statement of Yleana Leadership Foundation Inc
Yleana Leadership Foundation Inc is committed to reducing the opportunity gap with the ultimate goal of decreasing the racial wealth gap. The organization achieves this by ensuring that young people from all income levels have access to top-notch resources, enabling them to make strategic financial decisions as they transition into college. By doing so, Yleana Leadership Foundation aims to improve their economic position and ability to accumulate wealth as adults.
At the heart of Yleana Leadership Foundation's mission is the Yleana Leadership Academy, a residential summer program founded in 2013. This academy, which takes place on the campuses of Colgate University and Mount Holyoke College, provides rising high school seniors with an opportunity to prepare for the SAT, develop entrepreneurial skills, and discuss their future with counselors and peers. The approximately 80 low-income students who attend each summer receive a full scholarship, including transportation, tuition, room, and board, to attend one of the three-week sessions. Through this program, students have seen significant improvements in their SAT scores, with an average increase of 130-180 points in just three weeks.
Yleana Leadership Foundation's dedication to education and empowerment extends beyond the summer program. They also conduct follow-up academic sessions in the students' home towns as they prepare to take the fall's SAT, ensuring continuous support throughout their academic journey. With a college graduation rate of 80%, Yleana Leadership Foundation is making a tangible impact in the lives of young people by providing them with the tools and resources needed to succeed academically and financially.
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Impact
July, 2024
The impact of the Yleana Leadership Foundation Inc is profound, aiming to level the playing field in education by boosting SAT scores and critical thinking skills for young people of all income levels. Through their flagship program, the Yleana Leadership Academy, low-income rising high school seniors have the opportunity to attend a residential summer academy on college campuses, receiving full scholarships that cover transportation, tuition, and room and board. The students participate in intensive SAT preparation, develop entrepreneurial skills, and engage in discussions about their future. The results speak for themselves, with students increasing their SAT scores by 130-180 points in just a three-week camp. Furthermore, the foundation boasts an impressive college graduation rate of 80%, indicating the lasting impact of their educational experiences. This holistic approach to empowering students not only prepares them for academic success but also equips them with valuable life skills for their future endeavours.
This information is meant to be a general summary of Yleana Leadership 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: $628,780
- Gross Receipts: $1,431,754
Assets and Liabilities:
- Total Assets: $358,431
- Total Liabilities: $187,524
- Net Assets: $170,907
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICE
Revenue
$628,780
Organization Details
Founding Year
2013
Phone
(443) 201-7634Principal Officer
Alyssa Bowlby
Main Address
745 FIFTH AVE 500, NEW YORK, NY, 10151
Website
www.yleana.orgNTEE Category
Code: B90 - Education
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