Overview
What is Youthbuild Newark Inc?
Youthbuild Newark Inc, situated in Newark, New Jersey, is a nonprofit organization that empowers young individuals aged 16-24. Their primary mission is to provide a conducive environment where these young people can obtain their High School Equivalency Diploma (HSE) while simultaneously gaining practical training in in-demand professions. By participating in Youthbuild, these young people can forge a new path towards success, surrounded by a supportive network of individuals dedicated to cultivating future leaders for the local workforce. The organization's core components encompass leadership development, vocational training, support services, alumni achievements, and education. With a team of 16 dedicated professionals, Youthbuild Newark Inc is committed to transforming the lives of young individuals while contributing to the betterment of their community.
Official website here: www.youthbuildnewarknj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Youthbuild Newark Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's score primarily hinges on its accountability measures, showcasing a robust governance structure with a fully independent board and comprehensive financial oversight.
The nonprofit demonstrates excellent fiscal health, with an impressive program expense ratio of 88.04%, indicating that a significant majority of its funds are directed towards its programs. Additionally, its working capital ratio of 1.27 years suggests a solid financial foundation that allows for sustainability and ongoing operations.
While the financial management and governance are highly rated, some feedback regarding specific programs or community impact may not be fully captured in the provided data. However, the transparency and responsible financial practices noted in the ratings position Youthbuild Newark Inc as a trustworthy organization committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Youthbuild Newark Inc?
100% of 21 reviewers on Facebook recommend Youthbuild Newark Inc. Here is a summary of their reviews:
The overall sentiment is overwhelmingly positive, with many expressing heartfelt appreciation for the supportive community and transformative experiences offered by the organization. Reviewers describe Youthbuild Newark as an "amazing" school, highlighting the strong connections they have made and the sense of belonging they feel within the program.
Participants frequently emphasize the impact of Youthbuild Newark in their lives, suggesting that the nonprofit effectively fulfills its mission of empowering youth through education and mentorship. This enthusiastic feedback reflects a genuine satisfaction with the services provided and a strong endorsement of the organization’s efforts.
This AI summary has been generated from reviews found on Facebook.
Is Youthbuild Newark Inc legitimate?
Youthbuild Newark Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Youthbuild Newark 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: $441,663
Professional Fundraising Fees: $0
Other Salaries and Wages: $946,547
For more financial information, click here
Official website here: www.youthbuildnewarknj.org
What is the mission statement of Youthbuild Newark Inc?
Youthbuild Newark Inc's mission is centered around harnessing the intelligence and positive energy of low-income young individuals, empowering them to revitalize their community and their own lives. By providing an opportunity for individuals aged 16 to 24 to earn a high school equivalency diploma and gain on-the-job training for in-demand careers, Youthbuild Newark helps young people chart a new path to success. The organization fosters a supportive community, focusing on leadership development, various career pathways, and comprehensive support services. Additionally, Youthbuild Newark's commitment extends beyond the program, offering alumni success resources and maintaining a network of skilled leaders for the local workforce.
Official website here: www.youthbuildnewarknj.org
Who is the CEO of Youthbuild Newark Inc?
Robert Clark is the Ceo of Youthbuild Newark Inc. The CEO's salary of Youthbuild Newark Inc is $250,000 and their total compensation is $311,000.
Official website here: www.youthbuildnewarknj.org
What is the revenue of Youthbuild Newark Inc?
Youthbuild Newark Inc's revenue in 2022 was $3,155,332.
Official website here: www.youthbuildnewarknj.org
Who are the executives of Youthbuild Newark Inc and what are their salaries?
The average compensation at Youthbuild Newark Inc during 2022 was $86,763. There are 16 employees and 9 volunteers at Youthbuild Newark Inc.
Here are 12 key members and their salaries (Youthbuild Newark Inc's CEO's salary is $250,000 and their total compensation is $311,000):
- Compensation: $250,000
- Related: $0
- Other: $61,000
- Compensation: $126,999
- Related: $0
- Other: $24,130
- Compensation: $89,062
- Related: $0
- Other: $16,922
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.youthbuildnewarknj.org
Where can I find the form 990 for Youthbuild Newark Inc?
Youthbuild Newark Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.youthbuildnewarknj.org
Learn more at the official website: www.youthbuildnewarknj.org
Mission Statement of Youthbuild Newark Inc
Youthbuild Newark Inc is an organization that harnesses the intelligence and positive energy of low-income young people, empowering them to rebuild their community and their lives. Its mission is to provide a platform for individuals between the ages of 16 and 24 to earn their high school equivalency diploma while simultaneously gaining on-the-job training for in-demand careers. This unique program allows young people to forge a new path to success, surrounded by a supportive community dedicated to fostering skilled leaders for the local workforce. The core elements of Youthbuild Newark Inc include leadership development, career pathways in various sectors, supportive services, alumni success, and education. Through this holistic approach, the organization aims to equip young people with the necessary skills and resources to transform their lives and contribute positively to their communities.
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Impact
July, 2024
YouthBuild Newark Inc harnesses the intelligence and positive energy of low-income young people in Newark to rebuild their community and their lives. By offering young individuals the opportunity to earn a high school equivalency diploma while gaining on-the-job training for in-demand careers, YouthBuild Newark empowers them to chart a new path to success. Through its core elements including leadership development, construction and other career pathways, support services, alumni success, and education, YouthBuild Newark creates a supportive community committed to developing skilled leaders for the local workforce. This organization's impact is seen in the transformation of young lives, as they acquire valuable skills and knowledge to contribute positively to their community and secure a brighter future for themselves.
This information is meant to be a general summary of Youthbuild Newark 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: $1,953,280
- Gross Receipts: $3,155,332
Assets and Liabilities:
- Total Assets: $7,127,756
- Total Liabilities: $4,390,190
- Net Assets: $2,737,566
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Construction
Revenue
$360,150
Contract Revenue
Revenue
$89,582
Management Fee
Revenue
$472,759
Rental Income
Revenue
$1,030,789
Organization Details
Founding Year
2005
Phone
(973) 297-0592Principal Officer
Robert Clark
Main Address
571 Central Avenue 2nd Floor, Newark, NJ, 07107
Website
www.youthbuildnewarknj.orgNTEE Category
Code: O50 - Youth development
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