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Youth Entrepreneur Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 475351868 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is Youth Entrepreneur Institute?

The Youth Entrepreneur Institute (YEI) is a nonprofit organization situated in Washington, D.C., specifically at 1231 Good Hope Road SE Suite B. Their mission is to foster economic equity by empowering young individuals with the necessary entrepreneurial mindset, skills, and networks to excel in both Creative ARTS and STEM career pathways. Their unique program, ARTprentice, allows students to delve into various disciplines of the art industry while collaboratively producing professional-level art products. This hands-on experience not only educates but also provides students with workforce skills within artistic career clusters. YEI's social enterprising model employs youth to manage and design products for its in-house businesses. Additionally, the SMart HUSTLE program prepares youth to seize entrepreneurial opportunities within the creative economy by participating in a Pitch Competition and earning startup funds for their artistic ideas. By nurturing a thriving art scene in Washington, D.C., YEI equips young people with the tools to launch successful careers in the creative industries. With a small team of dedicated individuals, YEI is committed to bridging the gap between education and employment in the creative and technological fields.


Official website here: www.yeidc.org

Is Youth Entrepreneur Institute legitimate?

Youth Entrepreneur Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Youth Entrepreneur Institute 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: $189,165

For more financial information, click here


Official website here: www.yeidc.org

What is the mission statement of Youth Entrepreneur Institute?

The Youth Entrepreneur Institute's mission is centered around promoting economic equity. They aim to accomplish this by fostering an entrepreneurial mindset, enhancing educational achievements, and building necessary networks in young individuals. This is done with a focus on careers in both the Creative ARTS and STEM pathways. The institute's programs, such as the ARTprentice and SMart HUSTLE, provide hands-on experiences, allowing students to explore various opportunities in the arts, humanities, and media, while also developing workforce skills and entrepreneurial abilities.


Official website here: www.yeidc.org

Who is the CEO of Youth Entrepreneur Institute?

Tacharna Crump is the Executive Director of Youth Entrepreneur Institute.


Official website here: www.yeidc.org

What is the revenue of Youth Entrepreneur Institute?

Youth Entrepreneur Institute's revenue in 2022 was $277,624.


Official website here: www.yeidc.org

Who are the executives of Youth Entrepreneur Institute and what are their salaries?

The average compensation at Youth Entrepreneur Institute during 2022 was $189,165. There is 1 employee and 6 volunteers at Youth Entrepreneur Institute.


Here are 6 key members and their salaries:


Tacharna Crump (Executive Director)
  • Compensation: $99,000
  • Related: $0
  • Other: $0
Clarence Miles (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angele Doyne (Interim Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Badiyah Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danyale Wilson-Dow (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damon Monroe (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.yeidc.org

Where can I find the form 990 for Youth Entrepreneur Institute?

Youth Entrepreneur Institute's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.yeidc.org

Learn more at the official website: www.yeidc.org

Mission Statement of Youth Entrepreneur Institute

Youth Entrepreneur Institute, abbreviated as YEI, is committed to promoting economic equity by fostering an entrepreneurial mindset, enhancing educational achievements, and establishing valuable networks among young individuals. The organization's primary objective is to equip these young people with the necessary skills to excel in the Creative Arts and Science, Technology, Engineering, and Mathematics (STEM) pathways, ultimately helping them launch successful careers.

YEI achieves its mission through various programs, one of which is the ARTprentice program. This unique initiative exposes students to a wide range of disciplines in the art industry, enabling them to gain hands-on experience in each field. Students not only learn about the profession but also collaborate to create professional-quality art products. Additionally, the YEI program model incorporates a social enterprise approach, providing students with workforce skills in artistic career clusters and employing them to manage and design products for the organization's in-house social enterprises.

Another noteworthy program offered by YEI is the SMart HUSTLE program. This initiative prepares young individuals for entrepreneurship opportunities in the creative economy. Participants in this program have the chance to showcase their artistic ideas in a Pitch Competition, with the potential to secure startup funds for their projects. Overall, YEI's mission is to empower young people, providing them with the tools and resources needed to thrive in their chosen careers in the Creative Arts and STEM fields.

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Impact




October, 2024

The Youth Entrepreneur Institute (YEI) has made a significant impact on young people's lives by equipping them with essential entrepreneurial skills, fostering creativity, and providing pathways to successful careers in the arts and STEM fields. Through programs like ARTprentice, students gain exposure to various disciplines in the art industry, enabling them to explore their passions while developing practical skills. By producing professional-quality business products, participants learn the intricacies of both the artistic and entrepreneurial processes, fostering a sense of accomplishment and confidence.

Moreover, YEI's SMart HUSTLE program empowers youth to engage in the creative economy by participating in pitch competitions, allowing them to secure funding for their artistic ideas. This initiative not only enhances their ability to think creatively and strategically but also connects them with essential networks that can help launch their careers.

The social enterprise model at YEI encourages youth to manage and design products for in-house ventures, giving them real-world experience in artistic career clusters while supporting their professional development. Through these immersive learning experiences, YEI is advancing economic equity and providing young people with the tools they need to thrive in competitive industries, ultimately contributing to a more equitable future.




This information is meant to be a general summary of Youth Entrepreneur Institute. 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.

Revenue
$277,624 (2022)
Expenses
$303,205 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $277,624

Assets and Liabilities:

  • Total Assets: $109,097
  • Total Liabilities: $105,778
  • Net Assets: $3,319

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Organization Details

Founding Year

2015

Principal Officer

Tacharna Crump

Main Address

1231 GOOD HOPE ROAD SE SUITE B, WASHINGTON, DC, 200206907

NTEE Category

Code: O53 - Youth development

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