Overview
What is Youth Benefit Inc Attn Wallace Vernon?
Youth Benefit Inc, specifically the Attn Wallace Vernon division, is a nonprofit organization situated in San Antonio, Texas. Their primary focus is on granting funds to other 501(c)(3) organizations, aiming to support programs that positively impact the lives of youth and their families within their community. The organization's mission is centered around enhancing the overall quality of life for these families, working diligently to make a difference in their area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Youth Benefit Inc has received an 87% rating from Charity Navigator, indicating a strong performance in terms of accountability and finance. This rating signifies that the organization demonstrates a commitment to transparency and sound financial practices, which is essential for building trust among donors and stakeholders. The rating is solely based on their accountability and finance score, reflecting a focus on how well they manage their resources.
Strengths of Youth Benefit Inc include the fact that all board members are independent, highlighting a robust governance structure. The organization has successfully maintained a high program expense ratio of 96.02%, which indicates that a significant portion of its expenses goes directly to its charitable programs. Additionally, the organization has no liabilities, demonstrating sound fiscal management and stability.
Limited information about other operational aspects or programmatic impact is noted in the data, as the rating is based solely on financial accountability. While the financial health of Youth Benefit Inc is impressive, potential donors may want to seek additional insights into the effectiveness and reach of their programs and services. Overall, Youth Benefit Inc appears to be a financially responsible nonprofit with strong governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Youth Benefit Inc Attn Wallace Vernon legitimate?
Youth Benefit Inc Attn Wallace Vernon is a legitimate nonprofit organization registered as a 501(c)(3) entity. Youth Benefit Inc Attn Wallace Vernon 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: $0
For more financial information, click here
What is the mission statement of Youth Benefit Inc Attn Wallace Vernon?
Youth Benefit Inc, as stated in its mission, is committed to enhancing the quality of life for youth and their families in the area. This is achieved through providing grants to various 501(c)(3) organizations, which in turn support programs that work with youth. The primary goal is to improve the well-being of these young individuals and their families, ensuring they have the resources and opportunities necessary for a fulfilling life. The organization's mission is focused on making a positive impact in the lives of youth, promoting their overall development and well-being.
Who is the CEO of Youth Benefit Inc Attn Wallace Vernon?
Wallace Vernon is the Principal Officer of Youth Benefit Inc Attn Wallace Vernon.
What is the revenue of Youth Benefit Inc Attn Wallace Vernon?
Youth Benefit Inc Attn Wallace Vernon's revenue in 2022 was -$3,817.
Who are the executives of Youth Benefit Inc Attn Wallace Vernon and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Youth Benefit Inc Attn Wallace Vernon?
Youth Benefit Inc Attn Wallace Vernon's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Youth Benefit Inc Attn Wallace Vernon
Youth Benefit Inc Attn Wallace Vernon, as stated in its mission description, is dedicated to enhancing the quality of life for youth and their families in the community. The organization achieves this by providing financial support to other 501(c)(3) organizations that run programs focusing on youth development. By partnering with these organizations, Youth Benefit Inc Attn Wallace Vernon aims to contribute to the well-being and growth of young individuals and their families, thereby creating a positive impact in the community. The organization's mission is centered around the belief that every child and family deserves the opportunity to thrive, and by funding programs that align with this vision, Youth Benefit Inc Attn Wallace Vernon plays an instrumental role in supporting the development of future generations.
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Impact
October, 2024
Youth Benefit Inc Attn Wallace Vernon plays a crucial role in enhancing the quality of life for youth and their families in the San Antonio area. By providing grants to other 501(c)(3) organizations, it supports programs dedicated to working with young people, fostering their development and well-being. This financial backing enables a range of initiatives that address various aspects of youth needs, from education and mental health to recreation and community engagement.
The organization's mission underscores its commitment to uplifting the community by empowering youth and their families. Through its strategic partnerships, Youth Benefit Inc creates a more supportive environment, helping to mitigate challenges faced by young individuals and ensuring they have access to resources that promote growth, resilience, and collective improvement. The impact extends beyond immediate assistance, as it contributes to building a healthier, more vibrant future for the entire community in San Antonio.
This information is meant to be a general summary of Youth Benefit Inc Attn Wallace Vernon. 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: $429
- Gross Receipts: $726,894
Assets and Liabilities:
- Total Assets: $40,583
- Total Liabilities: $0
- Net Assets: $40,583
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Organization Details
Founding Year
1980
Phone
(888) 855-5024Principal Officer
Wallace Vernon
Main Address
8026 VANTAGE DR SUITE 200, SAN ANTONIO, TX, 78230
NTEE Category
Code: T70Z - Philanthropy
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