Civic Intelligence

The Young Entrepreneurs Academy Inc

EIN 30-0513715 • 501(c)3 • Pittsford, NY

Profile

To operate a groundbreaking program that takes students in grades six through twelve through the process of starting and running a real business over the course of a full academic year.

16 Widewaters LanePittsford, NY 14534

www.yeausa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.08x

Higher debt load relative to assets than 95% of similar nonprofits.

NTEE O • <$500k nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

0.29x

Higher debt load relative to revenue than 91% of similar nonprofits.

NTEE O • <$500k nonprofits • Source year 2024

Net Margin

22nd percentile

-8.1%

Higher net margin than 22% of similar nonprofits.

NTEE O • <$500k nonprofits • Source year 2024

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE O • <$500k nonprofits • Source year 2024

Asset Growth

25th percentile

-27%

Faster asset growth than 25% of similar nonprofits.

NTEE O • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

24%

Faster revenue growth than 67% of similar nonprofits.

NTEE O • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$66,293

Down $23,949 (-27%) from 2023

Liabilities

Down

$71,921

Down $3,587 (-4.8%) from 2023

Net Assets

Down

-$5,628

Down $20,362 (-138%) from 2023

Operations
Liabilities / Revenue91st percentileNet Margin22nd percentile

Revenue

Up

$249,861

Up $47,942 (+24%) from 2023

Expenses

Up

$270,223

Up $142,427 (+111%) from 2023

Net Income

Down

-$20,362

Down $94,485 (-127%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2012: $301,821Liabilities 2012: $442,502Net Assets 2012: -$140,6812012Assets 2013: $496,291Liabilities 2013: $703,561Net Assets 2013: -$207,2702013Assets 2014: $1,315,553Liabilities 2014: $974,571Net Assets 2014: $340,9822014Assets 2015: $1,237,330Liabilities 2015: $1,135,595Net Assets 2015: $101,7352015Assets 2016: $1,280,815Liabilities 2016: $972,008Net Assets 2016: $308,8072016Assets 2017: $1,033,024Liabilities 2017: $840,235Net Assets 2017: $192,7892017Assets 2018: $941,501Liabilities 2018: $561,928Net Assets 2018: $379,5732018Assets 2019: $863,881Liabilities 2019: $583,288Net Assets 2019: $280,5932019Assets 2020: $671,955Liabilities 2020: $199,270Net Assets 2020: $472,6852020Assets 2021: $192,804Liabilities 2021: $152,495Net Assets 2021: $40,3092021Assets 2022: $43,212Liabilities 2022: $102,601Net Assets 2022: -$59,3892022Assets 2023: $90,242Liabilities 2023: $75,508Net Assets 2023: $14,7342023Assets 2024: $66,293Liabilities 2024: $71,921Net Assets 2024: -$5,6282024

Highlighted filing

2024

Assets$66,293
Liabilities$71,921
Net Assets-$5,628
Open 2024 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2012: $467,6472012Expenses 2013: $706,6762013Revenue 2014: $1,484,956Expenses 2014: $936,704Net Income 2014: $548,2522014Revenue 2015: $995,385Expenses 2015: $1,234,632Net Income 2015: -$239,2472015Revenue 2016: $1,183,304Expenses 2016: $976,232Net Income 2016: $207,0722016Revenue 2017: $769,342Expenses 2017: $885,360Net Income 2017: -$116,0182017Revenue 2018: $861,287Expenses 2018: $674,503Net Income 2018: $186,7842018Revenue 2019: $675,859Expenses 2019: $774,839Net Income 2019: -$98,9802019Revenue 2020: $699,167Expenses 2020: $507,075Net Income 2020: $192,0922020Revenue 2021: $326,928Expenses 2021: $474,552Net Income 2021: -$147,6242021Revenue 2022: $262,429Expenses 2022: $362,127Net Income 2022: -$99,6982022Revenue 2023: $201,919Expenses 2023: $127,796Net Income 2023: $74,1232023Revenue 2024: $249,861Expenses 2024: $270,223Net Income 2024: -$20,3622024

Highlighted filing

2024

Revenue$249,861
Expenses$270,223
Net Income-$20,362
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,293
Liabilities
$71,921
Net assets
-$5,628
Revenue
$249,861
Expenses
$270,223
Net income
-$20,362
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.07$0.07$0.01$0.25$0.27$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.09$0.08$0.01$0.20$0.13$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.04$0.10$0.06$0.26$0.36$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.19$0.15$0.04$0.33$0.47$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.20$0.47$0.70$0.51$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.58$0.28$0.68$0.77$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.94$0.56$0.38$0.86$0.67$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.03$0.84$0.19$0.77$0.89$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.28$0.97$0.31$1.18$0.98$0.21
2015Detailed filing. Detailed filing data is available for this year.$1.24$1.14$0.10$1.00$1.23$0.24
2014Detailed filing. Detailed filing data is available for this year.$1.32$0.97$0.34$1.48$0.94$0.55
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.70$0.21$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.44$0.14$0.47
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$249,861
Mission and Program Overview

Mission

To operate a groundbreaking program that takes students in grades six through twelve through the process of starting and running a real business over the course of a full academic year

To operate a groundbreaking program that takes students in grades six through twelve through the process of starting and running a real business over the course of a full academic year.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$90,242$66,293▼ $23,949
Total Assets$90,242$66,293▼ $23,949
Liabilities
Deferred Revenue$71,495$70,730▼ $765
Accounts Payable and Accrued Expenses$4,013$1,191▼ $2,822
Total Liabilities$75,508$71,921▼ $3,587
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,734$-5,628▼ $20,362
Total Net Assets Fund Balance$14,734$-5,628▼ $20,362
Total Liabilities and Net Assets / Fund Balance$90,242$66,293▼ $23,949
Compensation and Service Providers
Top Officer Pay85th percentile

Board Members and Trustees

NameTitle
Jack BaronChair
Troy MclellanDirectorchair
Gayle JagelPresident & CEO
Kevin HalpinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$73,194
Program Service Revenue
$176,667
Investment Income
$0
Other Revenue
$0
All Other Contributions
$73,194
Change in Net Assets
$-20,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$182,680
Salaries, Compensation, and Employee Benefits$87,543
Total Fundraising Expense$13,511
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$58,741$14,685$3,865$77,291
Office Expenses$21,130$5,282$1,390$27,802
Other Expenses$20,291$5,073$1,335$26,699
Information Technology$10,011$2,503$659$13,173
Fees for Services Accounting$5,649$1,412$372$7,433
Payroll Taxes$4,733$1,183$311$6,227
Travel$4,034$1,008$265$5,307
Other Employee Benefits$3,059$765$201$4,025
Advertising$2,846$712$187$3,745
Insurance$2,018$504$133$2,655
Occupancy$612$152$40$804
Total Functional Expenses$205,371$51,341$13,511$270,223
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Yes
Business relationship with 35% controlled entity
No
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
No
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 governing body review Part VI line 11

“The form 990 is provided to the board , reviewed for accuracy, and filed upon approval.”

Conflict of interest policy compliance Part VI line 12C

“A conflict of interest form is provided to all new and returning board members and is reviewed in advance of their service.”

CEO executive director top management comp Part VI line 15A

“The ceos compensation is determined during executive sessions of the board of directors. The ceo elected not to take compensation for the period july 1, 2023 through june 30, 2024. It is anticpated that the ceos compensation will resume in the next fiscal year ending june 30, 2025.”

Governing documents etc available to public Part VI line 19

“The organizations govering documents, conflict of interest policy, and financial statements are made available to the public upon request. All requests are reviewed by the president and ceo.”

Filing and Contact Details

Filer

Filer Name
The Young Entrepreneurs Academy Inc
EIN
30-0513715
Address
16 WIDEWATERS LANE, PITTSFORD, NY 14534

Signing Officer

Name
Gayle Jagel
Title
President & CEO
Phone
5854290558
Signed
2024-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Gayle Jagel
Formed
2008
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
3
Employees
1
Volunteers
6,200

Preparer

Firm
Fwm Professional Accounting and Tax
Address
17 SCARBOROUGH PARK, ROCHESTER, NY 14625
Preparer
Frank Monfalcone
Phone
5857348793
Supplemental Narrative

Additional Explanations

General explanation attachment

“THE YOUNG ENTREPRENEURS ACADEMY (YEA) IS CURRENTLY ATTEMPTING TO GET CAUGHT UP ON ITS FORM 990 FILINGS FOR THE FISCAL YEARS ENDED JUNE 30, 2022, 2023, & 2024. THEIR OPERATIONS AND ORGANIZATION WERE IMPACTED SIGNIFICANTLY FROM COVID-19 WITH SCHOOLS BEING FORCED TO SHUT DOWN OR MOVE TO REMOTE LEARNING. THE YEA IS WORKING TO REBUILD THEIR NON-PROFIT EDUCATIONAL PROGRAMS. THE YEA FULLY EXPECTS TO FILE ITS 2022 & 2023 FORM 990 BEFORE NOVEMBER 15, 2024. THE YEA WOULD LIKE TO RESPECTFULLY REQUEST AN ABATEMENT FROM ANY PENALTIES AND FINES RESULTING FROM THE LATE FILINGS OF THE 2022 & 2023 FORM 990s. THE YEA HAD A TIMELY FILING RECORD FOR ITS FORM 990 PRIOR TO COVID-19, AND IT HAS PUT PROCEDURES IN PLACE TO ENSURE TIMELY FILINGS OF FORM 990 GOING FORWARD.”

Raw XML Appendix348 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO THE BOARD , REVIEWED FOR ACCURACY, AND FILED UPON APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A CONFLICT OF INTEREST FORM IS PROVIDED TO ALL NEW AND RETURNING BOARD MEMBERS AND IS REVIEWED IN ADVANCE OF THEIR SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEOS COMPENSATION IS DETERMINED DURING EXECUTIVE SESSIONS OF THE BOARD OF DIRECTORS. THE CEO ELECTED NOT TO TAKE COMPENSATION FOR THE PERIOD JULY 1, 2023 THROUGH JUNE 30, 2024. IT IS ANTICPATED THAT THE CEOS COMPENSATION WILL RESUME IN THE NEXT FISCAL YEAR ENDING JUNE 30, 2025.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS GOVERING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ALL REQUESTS ARE REVIEWED BY THE PRESIDENT AND CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE YOUNG ENTREPRENEURS ACADEMY (YEA) IS CURRENTLY ATTEMPTING TO GET CAUGHT UP ON ITS FORM 990 FILINGS FOR THE FISCAL YEARS ENDED JUNE 30, 2022, 2023, & 2024. THEIR OPERATIONS AND ORGANIZATION WERE IMPACTED SIGNIFICANTLY FROM COVID-19 WITH SCHOOLS BEING FORCED TO SHUT DOWN OR MOVE TO REMOTE LEARNING. THE YEA IS WORKING TO REBUILD THEIR NON-PROFIT EDUCATIONAL PROGRAMS. THE YEA FULLY EXPECTS TO FILE ITS 2022 & 2023 FORM 990 BEFORE NOVEMBER 15, 2024. THE YEA WOULD LIKE TO RESPECTFULLY REQUEST AN ABATEMENT FROM ANY PENALTIES AND FINES RESULTING FROM THE LATE FILINGS OF THE 2022 & 2023 FORM 990s. THE YEA HAD A TIMELY FILING RECORD FOR ITS FORM 990 PRIOR TO COVID-19, AND IT HAS PUT PROCEDURES IN PLACE TO ENSURE TIMELY FILINGS OF FORM 990 GOING FORWARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4General explanation attachment
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CEO
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE YOUNG ENTREPRENEURS ACADEMY INC
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK MONFALCONE
ReturnHeader/ReturnTs02024-11-15T19:30:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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