Overview
What is Giving Youth A Chance Initiative Inc?
Giving Youth A Chance Initiative Inc, situated in Memphis, Tennessee, is a dedicated nonprofit organization committed to fostering the social and mental growth of young people in Shelby County. They accomplish this mission through various community outreach programs, summer camps, and tutorial services. One of their significant initiatives is the sponsorship of the Child and Adult Care Food Program, which has provided nourishment to over 2,000 underprivileged children aged 18 and under. This program is complemented by extracurricular and enrichment activities to ensure holistic development. Moreover, Giving Youth A Chance Initiative Inc also sponsored the Summer Food Service Program, serving over 5,000 children during school vacations. The high-quality meals provided during these programs mimic those served during the school year. With a team of 42 dedicated individuals, the organization strives to make a positive impact on the lives of young people in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Giving Youth A Chance Initiative Inc has received a two-star rating from Charity Navigator, indicating that it requires improvement in certain operational areas. The overall score of 71% reflects a solid performance in aspects such as board independence and financial oversight, showcasing a commitment to accountability. The organization is noted for having a fully independent board and strong audit processes, which are positive indicators of governance.
However, there are significant areas of concern that contribute to its lower rating. The absence of essential policies like a whistleblower policy and guidelines for document retention raises questions about the organization's internal controls. Additionally, the high liabilities to assets ratio is a red flag, suggesting potential financial instability that could impact its mission and long-term sustainability.
Despite these limitations, the nonprofit demonstrates a commendable program expense ratio of 81.09%, indicating that a significant portion of its resources is directed toward its programs. This focus on programming suggests a commitment to fulfilling its mission, but the organization will need to address its governance and financial management issues to enhance its overall effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Giving Youth A Chance Initiative Inc legitimate?
Giving Youth A Chance Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Giving Youth A Chance Initiative 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: $157,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $640,056
For more financial information, click here
What is the mission statement of Giving Youth A Chance Initiative Inc?
Giving Youth A Chance Initiative Inc is committed to fostering the social and mental growth and development of young people. Their mission is to actively promote this growth throughout the community, utilizing community service outreach programs, summer camps, and tutorial services. The organization sponsors the Child and Adult Care Food Program, which has provided nutritious meals to over 2,000 needy children, allowing them to participate in extracurricular and enrichment activities. Furthermore, Giving Youth A Chance Initiative Inc also sponsored the Summer Food Service Program, serving over 5,000 needy children with high-quality meals during school vacations.
Who is the CEO of Giving Youth A Chance Initiative Inc?
Rosman T Randle is the Executive Director of Giving Youth A Chance Initiative Inc.
What is the revenue of Giving Youth A Chance Initiative Inc?
Giving Youth A Chance Initiative Inc's revenue in 2022 was $1,910,306.
Who are the executives of Giving Youth A Chance Initiative Inc and what are their salaries?
The average compensation at Giving Youth A Chance Initiative Inc during 2022 was $18,994. There are 42 employees at Giving Youth A Chance Initiative Inc.
Here are 6 key members and their salaries:
- Compensation: $157,680
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Giving Youth A Chance Initiative Inc?
Giving Youth A Chance Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Giving Youth A Chance Initiative Inc
Giving Youth A Chance Initiative, a dedicated organization, is committed to fostering the social and mental growth and development of young people in the community. Their mission is to inspire and strengthen the community through various outreach programs, summer camps, and tutorial services. By sponsoring the Child and Adult Care Food Program, they have provided nutritious meals to over 2,000 needy children, offering them not just nourishment but also the opportunity to participate in enriching extracurricular activities. Furthermore, during school vacations, the Summer Food Service Program served over 5,000 children, ensuring they continued to receive high-quality meals, similar to those provided during the school year. Giving Youth A Chance Initiative's efforts are instrumental in providing support and opportunities for the young people in their care, contributing positively to their overall development.
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Impact
July, 2024
Giving Youth A Chance Initiative Inc is dedicated to actively promoting the social and mental growth and development of young people in Shelby County. Through community service outreach programs, summer camps, tutorial services, and initiatives like the Child and Adult Care Food Program and the Summer Food Service Program, GYAC has made a significant impact on the community. These programs have provided over 7,000 needy children with nutritious meals and opportunities to participate in extracurricular and enrichment activities. By supporting and inspiring young people, GYAC is strengthening the community and creating a brighter future for the youth in Shelby County.
This information is meant to be a general summary of Giving Youth A Chance Initiative 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.
- Gross Receipts: $1,910,306
Assets and Liabilities:
- Total Assets: $197,538
- Total Liabilities: $647,460
- Net Assets: -$449,922
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Organization Details
Founding Year
2002
Phone
(901) 327-4420Principal Officer
Rosman T Randle
Main Address
476 LIPFORD STREET, MEMPHIS, TN, 38112
NTEE Category
Code: O99 - Youth development
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