Civic Intelligence

Ymic Foundation Inc.

990 • Fiscal year 2018 • EIN 26-0202360

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 20, 2019

Organization ProfileWWW.YMICFOUNDATION.ORG
1500 West Woodbank WayWest Chester, PA 19380

(215) 680-6519

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.40x

Higher debt load relative to assets than 82% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

78th percentile

0.24x

Higher debt load relative to revenue than 78% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

10th percentile

-28%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

83rd percentile

$85,129

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

81st percentile

26%

Faster asset growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2018

Revenue Growth

68th percentile

15%

Faster revenue growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2018

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$384,530

Up $191,032 (+99%) from 2015

Net Assets

Up

$229,174

Up $53,416 (+30%) from 2015

Liabilities

Up

$155,356

Up $137,616 (+776%) from 2015

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin10th percentile

Revenue

Up

$635,383

Up $222,810 (+54%) from 2015

Expenses

Up

$815,187

Up $475,194 (+140%) from 2015

Net Income

Down

-$179,804

Down $252,384 (-348%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $6,365Liabilities 2011: $2,651Net Assets 2011: $3,7142011Assets 2012: $35,858Liabilities 2012: $4,066Net Assets 2012: $31,7922012Assets 2013: $87,376Liabilities 2013: $4,265Net Assets 2013: $83,1112013Assets 2014: $103,178Liabilities 2014: $0Net Assets 2014: $103,1782014Assets 2015: $193,498Liabilities 2015: $17,740Net Assets 2015: $175,7582015Assets 2018: $384,530Liabilities 2018: $155,356Net Assets 2018: $229,1742018Assets 2019: $387,080Liabilities 2019: $113,877Net Assets 2019: $273,2032019Assets 2020: $416,137Liabilities 2020: $121,843Net Assets 2020: $294,2942020Assets 2021: $739,269Liabilities 2021: $13,368Net Assets 2021: $725,9012021Assets 2022: $1,002,646Liabilities 2022: $27,411Net Assets 2022: $975,2352022Assets 2023: $1,033,958Liabilities 2023: $34,658Net Assets 2023: $999,3002023Assets 2024: $1,026,251Liabilities 2024: $90,145Net Assets 2024: $936,1062024

Highlighted filing

2018

Assets$384,530
Liabilities$155,356
Net Assets$229,174
Open 2018 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $34,907Expenses 2011: $38,964Net Income 2011: -$4,0572011Revenue 2012: $140,823Expenses 2012: $112,745Net Income 2012: $28,0782012Revenue 2013: $194,616Expenses 2013: $143,297Net Income 2013: $51,3192013Revenue 2014: $228,381Expenses 2014: $208,314Net Income 2014: $20,0672014Revenue 2015: $412,573Expenses 2015: $339,993Net Income 2015: $72,5802015Revenue 2018: $635,383Expenses 2018: $815,187Net Income 2018: -$179,8042018Revenue 2019: $631,533Expenses 2019: $657,674Net Income 2019: -$26,1412019Revenue 2020: $613,332Expenses 2020: $662,411Net Income 2020: -$49,0792020Revenue 2021: $902,718Expenses 2021: $828,384Net Income 2021: $74,3342021Revenue 2022: $1,164,479Expenses 2022: $1,036,380Net Income 2022: $128,0992022Revenue 2023: $1,198,703Expenses 2023: $1,245,279Net Income 2023: -$46,5762023Revenue 2024: $1,322,608Expenses 2024: $1,427,635Net Income 2024: -$105,0272024

Highlighted filing

2018

Revenue$635,383
Expenses$815,187
Net Income-$179,804
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 20, 2019
Return Version
2018v3.1
Gross Receipts
$668,263
Mission and Program Overview

Mission

To empower and prepare economically disadvantaged and historically underrepresented youth to excel and become leaders in science, technology, engineering and math (stem) careers through academic tutoring, mentoring and financial assistance programs accomplished by leveraging alliances with k-12 school districts, universities, corporations, and committed partners.

To provide programs for young african american and latino students to develop their academic skills and to provide exposure to the fields of science, technology, engineering and math (stem) so that they may have the opportunity to pursue careers in those fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$233,938$251,900▲ $17,962
Savings and Temporary Cash Investments-$114,294-
Cash and Non-Interest-Bearing Accounts$199,544$18,336▼ $181,208
Total Assets$434,108$384,530▼ $49,578
Other Assets Total$626--
Liabilities
Grants Payable$89,250$137,750▲ $48,500
Accounts Payable and Accrued Expenses$6,050$10,396▲ $4,346
Deferred Revenue-$7,210-
Total Liabilities$95,300$155,356▲ $60,056
Net Assets / Fund Balance
Temporarily Rstr Net Assets$279,377$264,430▼ $14,947
Unrestricted Net Assets$59,431$-35,256▼ $94,687
Total Net Assets Fund Balance$338,808$229,174▼ $109,634
Total Liabilities and Net Assets / Fund Balance$434,108$384,530▼ $49,578
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Richard Roberts IiiChairman, ExFT$85,129$85,129

Board Members and Trustees

NameTitle
Aaron CunninghamDirector
Gilbert DavisDirector
Joanne SantomauroDirector
Michael KingDirector
Preston HawkinsDirector
Vincent RossDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$529,145
Program Service Revenue
$83,873
Investment Income
$108
Other Revenue
$22,257
All Other Contributions
$188,300
Change in Net Assets
$-179,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$425,834
Salaries, Compensation, and Employee Benefits$312,068
Grants and Similar Amounts Paid$66,250
Total Fundraising Expense$40,150
Professional Fundraising Fees$11,035

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$193,665--$193,665
Current Officers, Directors, Trustees, and Key Employees$64,077$6,208$18,625$88,910
Occupancy$61,750$10,379$4,210$76,339
Grants to Domestic Individuals$66,250--$66,250
Payroll Taxes$27,429$516$1,548$29,493
Fees for Services Professional Fundraising--$11,035$11,035
Fees for Services Other-$3,658$4,732$8,390
Advertising$7,725$610-$8,335
Insurance-$7,512-$7,512
Fees for Services Accounting-$5,691-$5,691
Information Technology-$3,265-$3,265
Other Expenses$1,120$402-$402
All Other Expenses$40--$40
Total Functional Expenses$732,438$42,599$40,150$815,187
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$55,137
Fundraising Direct Expenses$32,880
Professional Fundraising Fees$11,035

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Banquet$55,137$55,137$30,880$24,257
Total Events$55,137$55,137$30,880$24,257
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Filing approved at board meeting”

Form 990, Page 6, Part VI, Line 12C

“Policy posted in the office and reviewed annually”

Form 990, Page 6, Part VI, Line 15A

“All salaries reviewed by the board annually”

Form 990, Page 6, Part VI, Line 15B

“All salaries reviewed by the board annually”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, policies and financial statements available upon request”

Filing and Contact Details

Filer

Filer Name
Ymic Foundation Inc
EIN
26-0202360
Phone
2156806519
Address
1500 WEST WOODBANK WAY, WEST CHESTER, PA 19380
Doing Business As
Ymwic Foundation Inc

Signing Officer

Name
Richard Roberts Iii
Title
Chairman, Exec Direc
Phone
2156806519
Signed
2019-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Roberts Iii
Formed
2007
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
47
Volunteers
75

Preparer

Firm
O'CONNELL & COMPANY LLC
Address
165 TOWNSHIP LINE RD STE 1100, JENKINTOWN, PA 19046
Preparer
Denise M Selgrath
Phone
2158874425
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To empower and prepare economically disadvantaged and historically underrepresented youth to excel and become leaders in science, technology, engineering and math (stem) careers through academic tutoring, mentoring and financial assistance programs accomplished by leveraging alliances with k-12 school districts, universities, corporations, and committed partners.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO EMPOWER AND PREPARE ECONOMICALLY DISADVANTAGED AND HISTORICALLY UNDERREPRESENTED YOUTH TO EXCEL AND BECOME LEADERS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) CAREERS THROUGH ACADEMIC TUTORING, MENTORING AND FINANCIAL ASSISTANCE PROGRAMS ACCOMPLISHED BY LEVERAGING ALLIANCES WITH K-12 SCHOOL DISTRICTS, UNIVERSITIES, CORPORATIONS, AND COMMITTED PARTNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FILING APPROVED AT BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2POLICY POSTED IN THE OFFICE AND REVIEWED ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL SALARIES REVIEWED BY THE BOARD ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL SALARIES REVIEWED BY THE BOARD ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/AddressLine1Txt01500 W WOODBANK WAY
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD ROBERTS III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN, EXEC DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum02156806519
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-20
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$384,530
Liabilities
$155,356
Net assets
$229,174
Revenue
$635,383
Expenses
$815,187
Net income
-$179,804
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.03$0.09$0.94$1.32$1.43$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.03$0.03$1.00$1.20$1.25$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.00$0.03$0.98$1.16$1.04$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.74$0.01$0.73$0.90$0.83$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.42$0.12$0.29$0.61$0.66$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.39$0.11$0.27$0.63$0.66$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.38$0.16$0.23$0.64$0.82$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.19$0.02$0.18$0.41$0.34$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.23$0.21$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.08$0.19$0.14$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.00$0.03$0.14$0.11$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.00$0.03$0.04$0.00