Overview
What is Young Americans Center For Financial Education?
Young Americans Center for Financial Education is a nonprofit organization based in Denver, Colorado. Their primary mission is to foster financial literacy among young individuals, utilizing real-life experiences and engaging programs. A significant part of their work involves collaborating with fifth-grade students from Colorado schools, offering a 37-lesson curriculum. This curriculum, taught by teachers in the classroom, culminates in an immersive experience where students run a simulated town with 17 businesses, allowing them to apply their learning firsthand in a free-enterprise setting. In 2022, over 26,775 students participated in these enriching programs. Since its inception in 1989, the organization has positively impacted over 845,000 young individuals, aiding them in developing essential life, work, and financial self-sufficiency skills. The Young Americans Center for Financial Education currently employs 40 dedicated individuals in their mission.
Official website here: www.yacenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Young Americans Center For Financial Education has received an impressive Four-Star rating from Charity Navigator, reflecting an outstanding score of 97%. This high rating primarily stems from the organization's strong accountability and financial practices, demonstrating a commitment to transparency and effective management of resources.
The organization excels in maintaining an independent board, with 95% of its members being independent. Additionally, it has a robust audit and oversight committee, no reported material diversion of assets, and comprehensive policies such as conflict of interest and whistleblower protections. These elements contribute significantly to its excellent accountability score.
One notable strength is the organization’s program expense ratio, which stands at 72.77%, indicating that a substantial portion of its funds is directed towards its educational programs. Furthermore, the fundraising efficiency ratio of $0.16 suggests a cost-effective approach to fundraising. Overall, the organization showcases a solid financial foundation with a working capital ratio of 2.13 years, ensuring sustainability in its mission to educate young Americans about financial literacy.
This AI summary has been generated from information found on Charity Navigator.
Is Young Americans Center For Financial Education legitimate?
Young Americans Center For Financial Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Americans Center For Financial Education 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: $208,532
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,190,964
For more financial information, click here
Official website here: www.yacenter.org
What is the mission statement of Young Americans Center For Financial Education?
The Young Americans Center for Financial Education is dedicated to enhancing the financial literacy of young individuals. They achieve this goal through experiential and interactive programs. These programs, which have been in operation since 1989, are designed to equip young people with essential life skills, work abilities, and financial self-sufficiency. Over 845,000 youth have benefited from these non-profit initiatives, fostering their prosperity within our free-enterprise system.
Official website here: www.yacenter.org
Who is the CEO of Young Americans Center For Financial Education?
Andrew Hancock is the President & of Young Americans Center For Financial Education.
Official website here: www.yacenter.org
What is the revenue of Young Americans Center For Financial Education?
Young Americans Center For Financial Education's revenue in 2022 was $2,440,350.
Official website here: www.yacenter.org
Who are the executives of Young Americans Center For Financial Education and what are their salaries?
The average compensation at Young Americans Center For Financial Education during 2022 was $34,987. There are 40 employees and 5969 volunteers at Young Americans Center For Financial Education.
Here are 24 key members and their salaries:
- Compensation: $79,563
- Related: $196,854
- Other: $17,523
- Compensation: $49,840
- Related: $63,173
- Other: $15,672
- Compensation: $36,155
- Related: $72,094
- Other: $14,895
- Compensation: $0
- Related: $110,556
- Other: $13,764
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.yacenter.org
Where can I find the form 990 for Young Americans Center For Financial Education?
Young Americans Center For Financial Education's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yacenter.org
Learn more at the official website: www.yacenter.org
Mission Statement of Young Americans Center For Financial Education
The Young Americans Center for Financial Education is dedicated to enhancing the financial literacy of young individuals. They achieve this goal by providing real-life experiences and hands-on programs. The organization's mission is centered around empowering these young people, enabling them to thrive in our free enterprise system. Since its inception in 1989, over 845,000 youth have benefited from these nonprofit programs. These programs are meticulously designed to foster life skills, work skills, and financial self-sufficiency, thereby contributing to the overall prosperity of the young generation.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Young Americans Center for Financial Education's impact is significant in developing the financial literacy of young people through real-life experiences and hands-on programs. One of their key initiatives, Young AmeriTowne, introduces 5th graders in Colorado to the free enterprise system through a curriculum taught in schools that culminates in a day where students run a town of businesses. In 2022, 26,775 participants engaged in this program, bringing their learning to life and experiencing free enterprise firsthand. Since 1989, over 845,000 youth have benefited from Young Americans Center for Financial Education programs, which aim to build life skills, work skills, and financial self-sufficiency necessary for prospering in our free enterprise system.
This information is meant to be a general summary of Young Americans Center For Financial Education. 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: $1,034
- Program Service Revenue: $909,771
- Gross Receipts: $2,539,935
Assets and Liabilities:
- Total Assets: $4,312,639
- Total Liabilities: $260,799
- Net Assets: $4,051,840
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$899,771
PROGRAM CONSULTING FEES
Revenue
$10,000
Organization Details
Founding Year
2000
Phone
(303) 321-2265Principal Officer
Andrew Hancock
Main Address
3550 EAST FIRST AVENUE, DENVER, CO, 80206
Website
www.yacenter.orgNTEE Category
Code: N20 - Recreation
If you are a representative of Young Americans Center For Financial Education and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.