Civic Intelligence

Yleana Leadership Foundation Inc.

990 • Fiscal year 2018 • EIN 46-3205620

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 29, 2020

222 Broadway 19th FloorNew York, NY 10038

(443) 201-7634

Siviq Scores

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

Liabilities / Assets

86th percentile

0.46x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.16x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Net Margin

62nd percentile

9.8%

Higher net margin than 62% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

91st percentile

$105,840

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Asset Growth

97th percentile

263%

Faster asset growth than 97% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

78th percentile

30%

Faster revenue growth than 78% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$248,393

Up $180,039 (+263%) from 2017

Net Assets

Up

$133,393

Up $69,792 (+110%) from 2017

Liabilities

Up

$115,000

Up $110,247 (+2320%) from 2017

Revenue

Up

$709,448

Up $162,448 (+30%) from 2017

Expenses

Up

$639,656

Up $58,227 (+10%) from 2017

Net Income

Up

$69,792

Up $104,221 (+303%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2016: $98,030Liabilities 2016: $0Net Assets 2016: $98,0302016Assets 2017: $68,354Liabilities 2017: $4,753Net Assets 2017: $63,6012017Assets 2018: $248,393Liabilities 2018: $115,000Net Assets 2018: $133,3932018Assets 2019: $126,819Liabilities 2019: $118,321Net Assets 2019: $8,4982019Assets 2020: $215,064Liabilities 2020: $126,659Net Assets 2020: $88,4052020Assets 2021: $217,377Liabilities 2021: $106,534Net Assets 2021: $110,8432021Assets 2022: $358,431Liabilities 2022: $187,524Net Assets 2022: $170,9072022Assets 2023: $568,232Liabilities 2023: $221,143Net Assets 2023: $347,0892023Assets 2024: $187,815Liabilities 2024: $11,080Net Assets 2024: $176,7352024

Highlighted filing

2018

Assets$248,393
Liabilities$115,000
Net Assets$133,393

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2016: $564,463Expenses 2016: $499,189Net Income 2016: $65,2742016Revenue 2017: $547,000Expenses 2017: $581,429Net Income 2017: -$34,4292017Revenue 2018: $709,448Expenses 2018: $639,656Net Income 2018: $69,7922018Revenue 2019: $530,085Expenses 2019: $654,980Net Income 2019: -$124,8952019Revenue 2020: $648,810Expenses 2020: $606,739Net Income 2020: $42,0712020Revenue 2021: $738,320Expenses 2021: $715,882Net Income 2021: $22,4382021Revenue 2022: $1,431,754Expenses 2022: $1,371,690Net Income 2022: $60,0642022Revenue 2023: $1,599,883Expenses 2023: $1,423,701Net Income 2023: $176,1822023Revenue 2024: $596,589Expenses 2024: $766,943Net Income 2024: -$170,3542024

Highlighted filing

2018

Revenue$709,448
Expenses$639,656
Net Income$69,792
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 29, 2020
Return Version
2018v3.2
Gross Receipts
$709,448
Mission and Program Overview

Mission

Yleana's mission is to create and promote an atmosphere that allows kids to be wholly themselves and to enjoy being kids for just a moment longer, while being inspired to be the best that is inside them - beyond their wildest dreams.

The yleana leadership foundation aims to create exceptional educational experiences for young people of all income levels: preparing our students for success as people and professionals, while decreasing the achievement gap. We seek to level the playing field in education by boosting sat scores and critical thinking skills within the context of a traditional summer camp experience, on a college campus - which provides a college access experience as well.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$41,887$120,159▲ $78,272
Intangible Assets$0$115,000▲ $115,000
Land, Buildings, and Equipment, Net$26,467$13,234▼ $13,233
Total Assets$68,354$248,393▲ $180,039
Liabilities
Accounts Payable and Accrued Expenses$4,753$115,000▲ $110,247
Total Liabilities$4,753$115,000▲ $110,247
Net Assets / Fund Balance
Unrestricted Net Assets$63,601$133,393▲ $69,792
Total Net Assets Fund Balance$63,601$133,393▲ $69,792
Total Liabilities and Net Assets / Fund Balance$68,354$248,393▲ $180,039

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$13,234$26,466$39,700
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alyssa BowlbyExecutive DirectorFT$105,840$105,840

Board Members and Trustees

NameTitle
Jacob RosenPresident
Jonathan WeedDirector
Okwudiri OnyedumDirector
Daniel HammondTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$709,448
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$709,448
Change in Net Assets
$69,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$408,310
Salaries, Compensation, and Employee Benefits$231,346
Total Fundraising Expense$40,017
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$173,213$16,848-$190,061
Current Officers, Directors, Trustees, and Key Employees$52,920$15,876$37,044$105,840
Other Salaries and Wages$83,687$20,000-$103,687
Fees for Services Other$48,293$835-$49,128
Advertising-$46,120-$46,120
Conferences and Meetings$44,314--$44,314
Travel$19,845$899-$20,744
Office Expenses$15,333$2,610-$17,943
Payroll Taxes$10,963$2,878$2,973$16,814
Depreciation Depletion$13,233--$13,233
Insurance$7,930$4,553-$12,483
Information Technology$9,497--$9,497
Other Employee Benefits$3,503$1,502-$5,005
Other Expenses$2,787--$2,787
Fees for Services Legal-$2,000-$2,000
Total Functional Expenses$485,518$114,121$40,017$639,656
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
No
Annual disclosure for covered persons
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
No
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, Part VI, Section A, Line 8B

The organization does not have any committees that have the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The prepared form 990 is reviewed and approved by the members of the governing body before the return is filed with the irs.

Form 990, Part VI, Section B, Line 12C

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The board or committee shall use the following procedure to address conflicts of interest: a. An interested person may make a presentation at the board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. B. The chairperson of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the board or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. E. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Yleana Leadership Foundation Inc
EIN
46-3205620
Phone
4432017634
Address
222 BROADWAY 19TH FLOOR, NEW YORK, NY 10038

Signing Officer

Name
Alyssa Bowlby
Title
Executive Director
Phone
4432017634
Signed
2020-07-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alyssa Bowlby
Formed
2013
Legal Domicile
De
Voting Board Members
5
Independent Board Members
4
Employees
17
Volunteers
4

Preparer

Firm
Wegner Cpas Llp
Address
230 PARK AVE FL 3, NEW YORK, NY 10169-0005
Preparer
Yigit Uctum CPA
Phone
2125511724
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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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IRS990/ActivityOrMissionDesc0THE YLEANA LEADERSHIP FOUNDATION AIMS TO CREATE EXCEPTIONAL EDUCATIONAL EXPERIENCES FOR YOUNG PEOPLE OF ALL INCOME LEVELS: PREPARING OUR STUDENTS FOR SUCCESS AS PEOPLE AND PROFESSIONALS, WHILE DECREASING THE ACHIEVEMENT GAP. WE SEEK TO LEVEL THE PLAYING FIELD IN EDUCATION BY BOOSTING SAT SCORES AND CRITICAL THINKING SKILLS WITHIN THE CONTEXT OF A TRADITIONAL SUMMER CAMP EXPERIENCE, ON A COLLEGE CAMPUS - WHICH PROVIDES A COLLEGE ACCESS EXPERIENCE AS WELL.
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IRS990/Desc0OUR FOUNDATION'S FLAGSHIP PROGRAM IS THE YLEANA LEADERSHIP ACADEMY ("THE ACADEMY") FOUNDED IN 2013. THE ACADEMY IS A RESIDENTIAL SUMMER ACADEMY ON THE CAMPUSES OF COLGATE UNIVERSITY AND MOUNT HOLYOKE COLLEGE FOR RISING HIGH SCHOOL SENIORS PREPARING TO TAKE THE SAT. STUDENTS PREPARE FOR THE SAT, DEVELOP ENTREPRENEURIAL SKILLS, READ, AND DISCUSS THEIR FUTURE WITH COUNSELORS AND EACH OTHER. THE APPROXIMATELY 80 LOW-INCOME STUDENTS WHO ATTEND THE ACADEMY EVERY SUMMER RECEIVE A FULL SCHOLARSHIP - INCLUDING TRANSPORTATION, TUITION, AND ROOM AND BOARD - TO ATTEND ONE OF OUR TWO THREE-WEEK SESSIONS. FOLLOW-UP ACADEMIC SESSIONS ARE ALSO CONDUCTED IN THESE STUDENTS' HOME TOWNS AS THEY PREPARE TO TAKE THAT FALL'S SAT.THE REMAINDER OF THE YEAR IS SPENT PROVIDING COLLEGE ACCESS SUPPORT THROUGH A GROWING MENTORING PROGRAM, MONITORING FORMER ACADEMY STUDENTS' SUCCESS IN HIGH SCHOOL AND COLLEGE, GROWING OUR STUDENT BASE, INTERFACING AND GROWING RELATIONSHIPS WITH PARTNER ORGANIZATIONS AT SCHOOLS AND COMMUNITY ORGANIZATIONS ACROSS THE EASTERN SEABOARD THROUGH WHICH WE FIND OUR APPLICANTS, KEEPING ABREAST OF CHANGES TO THE SAT AND BEST PRACTICES WITHIN THE FIELD OF EDUCATION, REFINING OUR CURRICULUM, AND PREPARING FOR THE NEXT ROUND OF STUDENT APPLICATIONS IN THE SPRING.IN THE FUTURE, AS YLEANA CONTINUES TO GROW, WE WILL NOT ONLY ADD TO THE NUMBER OF STUDENTS WE ARE ABLE TO ADMIT, BUT ALSO THE NUMBER OF THE PROGRAMS WE OFFER, AS THE EARLIER IN THEIR ACADEMIC LIVES WE ARE ABLE TO REACH AN YLEANA STUDENT, THE MORE IMPACT WE WILL BE ABLE TO HAVE. YLEANA CONSISTENTLY RECEIVES UPWARDS OF 300 APPLICANTS FOR APPROXIMATELY 80 SPOTS EACH SUMMER. WE ARE THUS WELL POSITIONED TO GROW, AND HOPE TO BE ABLE TO PROVIDE ACCESS TO OUR PROGRAM TO MORE AND MORE STUDENTS AS WE DO SO. WE CURRENTLY SERVE STUDENTS PRIMARILY FROM FOUR METROPOLITAN AREAS: BALTIMORE, PHILADELPHIA, NEW YORK CITY, AND BOSTON. WE HOPE TO EXPAND OUR GEOGRAPHICAL REACH TO MORE STUDENTS IN NEED AS OUR PROGRAM GROWS, AND THROUGH THE HELP OF DONATIONS.
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026466
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039700
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013234
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE BOARD OR COMMITTEE SHALL USE THE FOLLOWING PROCEDURE TO ADDRESS CONFLICTS OF INTEREST: A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. E. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalReportableCompFromOrgAmt0105840
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IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
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ReasonableCauseExplanation/ExplanationTxt0YLEANA LEADERSHIP FOUNDATION RELIES ON A VERY SMALL STAFF AND BOARD FOR GOVERNANCE OF ITS ORGANIZATION. THE ORGANIZATION RECEIVED THE IRS DETERMINATION LETTER IN 2019 AND AT THE TIME, THE ORGANIZATION WAS UNDER THE IMPRESSION THAT THE FILING REQUIREMENTS WAS STARTING FOR CALENDAR YEAR ENDING DECEMBER 31, 2018. LATER IN 2019, THE ORGANIZATION ESTABLISHED A RELATIONSHIP WITH A CERTIFIED PUBLIC ACCOUNTANT WITH SIGNIFICANT EXPERIENCE WORKING WITH NOT FOR PROFIT ORGANIZATIONS IN ORDER TO FILE FORM 990 INFORMATIONAL RETURNS FOR ALL YEARS STARTING THE EFFECTIVE DATE OF EXEMPTION. GOING FORWARD, THE ORGANIZATION WILL WORK WITH THE CERTIFIED PUBLIC ACCOUNTANT FIRM TO FILE ALL RETURNS ON TIME. ANY LATE FILING ASSESSMENTS WOULD REDUCE FUNDS AVAILABLE TO ACHIEVE THE ORGANIZATION'S MISSION TO DECREASE THE ACHIEVEMENT GAP FOR FUTURE LEADERS FROM TRADITIONALLY UNDERSERVED AND UNDERREPRESENTED GROUPS. WE ASK THAT THE ABOVE SERVES AS REASONABLE CAUSE FOR LATE FILING OF THE TAX RETURN AND THAT ALL PENALTIES BE ABATED.
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALYSSA BOWLBY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04432017634
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0YLEANA LEADERSHIP FOUNDATION INC
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ReturnHeader/Filer/EIN0463205620
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0280B83802B97FB5DC9278DE9588E6B4DA9B6F3E7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId074B0C536FBDEA54BE69F712409E5EA3D5A3AE8D3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.222.124.178
ReturnHeader/FilingSecurityInformation/IPDt02020-07-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:58:54
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEGNER CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0230 PARK AVE FL 3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0101690005
ReturnHeader/PreparerPersonGrp/PhoneNum02125511724
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YIGIT UCTUM CPA
ReturnHeader/ReturnTs02020-07-30T14:16:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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