Civic Intelligence

Yowealth Academy

990 • Fiscal year 2023 • EIN 47-1375443

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

5419 Meadowbriar TrailMemphis, TN 38125

(901) 649-3461

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

1st percentile

-3188%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

94th percentile

$157,119

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 675.8% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

100th percentile

3888%

Faster asset growth than 100% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

5th percentile

-56%

Faster revenue growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$698,436

Up $680,922 (+3888%) from 2022

Net Assets

Up

$698,436

Up $680,922 (+3888%) from 2022

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

Down

$23,250

Down $29,535 (-56%) from 2022

Expenses

Up

$764,566

Up $700,211 (+1088%) from 2022

Net Income

Down

-$741,316

Down $729,746 (-6307%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2018: $11,002Liabilities 2018: $02018Assets 2019: $25,651Liabilities 2019: $02019Assets 2020: $12,007Liabilities 2020: $02020Assets 2021: $1,585Net Assets 2021: $1,5852021Assets 2022: $17,514Net Assets 2022: $17,5142022Assets 2023: $698,436Liabilities 2023: $0Net Assets 2023: $698,4362023Assets 2024: $70Liabilities 2024: $0Net Assets 2024: $702024

Highlighted filing

2023

Assets$698,436
Liabilities$0
Net Assets$698,436

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2018: $34,497Expenses 2018: $24,479Net Income 2018: $10,0182018Revenue 2019: $90,626Expenses 2019: $75,977Net Income 2019: $14,6492019Revenue 2020: $59,731Expenses 2020: $76,732Net Income 2020: -$17,0012020Revenue 2021: $47,345Expenses 2021: $60,501Net Income 2021: -$13,1562021Revenue 2022: $52,785Expenses 2022: $64,355Net Income 2022: -$11,5702022Revenue 2023: $23,250Expenses 2023: $764,566Net Income 2023: -$741,3162023Revenue 2024: $68,205Expenses 2024: $336,088Net Income 2024: -$267,8832024

Highlighted filing

2023

Revenue$23,250
Expenses$764,566
Net Income-$741,316
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$23,250
Mission and Program Overview

Mission

Training At-risk Youth

Training and job readiness Training and job readiness for at-risk youth and young adults

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$649,722-
Cash and Non-Interest-Bearing Accounts$17,514$48,714▲ $31,200
Total Assets$17,514$698,436▲ $680,922
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,514$698,436▲ $680,922
Total Net Assets Fund Balance$17,514$698,436▲ $680,922
Total Liabilities and Net Assets / Fund Balance$17,514$698,436▲ $680,922
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Yolanda MarshaExec DirectorFT$157,119$157,119
Revenue and Support

Revenue Composition

Contributions and Grants
$23,250
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$23,250
Change in Net Assets
$-741,316
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$425,375
Salaries, Compensation, and Employee Benefits$339,191
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$375,830--$375,830
Current Officers, Directors, Trustees, and Key Employees$298,925--$298,925
Payroll Taxes$24,926--$24,926
Fees for Services Accounting$23,900--$23,900
Other Employee Benefits$15,340--$15,340
Occupancy$13,036--$13,036
Office Expenses$7,938--$7,938
Insurance$1,786--$1,786
Travel$1,481--$1,481
Advertising$1,404--$1,404
Total Functional Expenses$764,566$0$0$764,566
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
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
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

Part VI Section B Line 11A

The 990 is presented to the board for review and approval at a special called meeting.

Part VII Line 3B

Federal audit will being completed at the time of this filing

Filing and Contact Details

Filer

Filer Name
YoWealth Academy
EIN
47-1375443
Address
5419 Meadowbriar Trail, MEMPHIS, TN 38125

Signing Officer

Name
Yolanda Marshall
Title
Executive Director
Phone
9016493461
Signed
2024-05-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Yolanda Marshall
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Diversified Small Business S
Address
P O Box 25541, MEMPHIS, TN 38125
Preparer
Beverly H Anderson
Raw XML Appendix253 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Training and job readiness Training and job readiness for at-risk youth and young adults
IRS990/AdvertisingGrp/ProgramServicesAmt01404
IRS990/AdvertisingGrp/TotalAmt01404
IRS990/AllOtherContributionsAmt023250
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0375830
IRS990/AllOtherExpensesGrp/TotalAmt0375830
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0Yolanda Marshall
IRS990/BooksInCareOfDetail/PhoneNum09016493461
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05419 Meadowbria
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038125
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt017514
IRS990/CashNonInterestBearingGrp/EOYAmt048714
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0298925
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0298925
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt023250
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0425375
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-741316
IRS990/CYSalariesCompEmpBnftPaidAmt0339191
IRS990/CYTotalExpensesAmt0764566
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt023250
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0Provide training and job readiness is carpentry and drone
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt0127813
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt023900
IRS990/FeesForServicesAccountingGrp/TotalAmt023900
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0Yolanda Marsha
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0157119
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0Exec Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt023250
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt01786
IRS990/InsuranceGrp/TotalAmt01786
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt037
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0Training and job readiness for at-risk youth and young adults
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt017514
IRS990/NetAssetsOrFundBalancesEOYAmt0698436
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt017514
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0698436
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt013036
IRS990/OccupancyGrp/TotalAmt013036
IRS990/OfficeExpensesGrp/ProgramServicesAmt07938
IRS990/OfficeExpensesGrp/TotalAmt07938
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015340
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015340
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt024926
IRS990/PayrollTaxesGrp/TotalAmt024926
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Yolanda Marshall
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Provided emergency housing for program participants
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt060576
IRS990/ProgSrvcAccomActy3Grp/Desc0Provided training stipends for program participants
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0125127
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt052785
IRS990/PYExcessBenefitTransInd0false
IRS990/PYRevenuesLessExpensesAmt052785
IRS990/PYTotalRevenueAmt052785
IRS990/ReconcilationRevenueExpnssAmt0-741316
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0649722
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt023250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt052785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt047345
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt082731
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt090626
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0296737
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0296737
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt023250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt052785
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt047345
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt082731
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt090626
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0296737
IRS990ScheduleA/TotalSupportAmt0296737
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is presented to the board for review and approval at a special called meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Federal audit will being completed at the time of this filing
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Section B Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VII Line 3b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt017514
IRS990/TotalAssetsEOYAmt0698436
IRS990/TotalAssetsGrp/BOYAmt017514
IRS990/TotalAssetsGrp/EOYAmt0698436
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt023250
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0764566
IRS990/TotalFunctionalExpensesGrp/TotalAmt0764566
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017514
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0698436
IRS990/TotalProgramServiceExpensesAmt0313516
IRS990/TotalReportableCompFromOrgAmt0157119
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt023250
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017514
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0698436
IRS990/TravelGrp/ProgramServicesAmt01481
IRS990/TravelGrp/TotalAmt01481
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05419 Meadowbriar Trail
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038125
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Yolanda Marshall
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09016493461
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0YoWealth Academy
ReturnHeader/Filer/BusinessNameControlTxt0YOWE
ReturnHeader/Filer/EIN0471375443
ReturnHeader/Filer/USAddress/AddressLine1Txt05419 Meadowbriar Trail
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038125
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Diversified Small Business S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O Box 25541
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038125
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Beverly H Anderson
ReturnHeader/ReturnTs02024-09-24T13:41:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings