Civic Intelligence

Solid Foundation Youth Outreach Inc

990EZ • Fiscal year 2021 • EIN 77-0617835

Oct 01, 2020 to Sep 30, 2021 • Filed on Jun 06, 2022

PO Box 1166Paterson, NJ 07509

(973) 650-5412

Siviq Scores

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

Liabilities / Assets

87th percentile

0.82x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • NTEE O50 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.23x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • NTEE O50 • <$500k nonprofits • Source year 2021

Net Margin

30th percentile

-5.2%

Higher net margin than 30% of similar nonprofits.

2021 filings • NTEE O50 • <$500k nonprofits • Source year 2021

Top Officer Pay

97th percentile

$75,190

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 42.0% of source-year revenue.

2021 filings • NTEE O50 • <$500k nonprofits • Source year 2021

Asset Growth

83rd percentile

102%

Faster asset growth than 83% of similar nonprofits.

2021 filings • NTEE O50 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

42nd percentile

0.7%

Faster revenue growth than 42% of similar nonprofits.

2021 filings • NTEE O50 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$50,638

Up $25,594 (+102%) from 2020

Net Assets

Down

$9,241

Down $9,265 (-50%) from 2020

Liabilities

Up

$41,397

Up $34,859 (+533%) from 2020

Revenue

Up

$179,214

Up $1,166 (+0.7%) from 2020

Expenses

Up

$188,479

Up $20,733 (+12%) from 2020

Net Income

Down

-$9,265

Down $19,567 (-190%) from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2012: $3,037Liabilities 2012: $5,021Net Assets 2012: -$1,9842012Assets 2013: $5,181Liabilities 2013: $7,8292013Assets 2015: $59,527Liabilities 2015: $3,658Net Assets 2015: $55,8692015Assets 2016: $98,924Liabilities 2016: $14,873Net Assets 2016: $84,0512016Assets 2017: $27,043Liabilities 2017: $4,318Net Assets 2017: $22,7252017Assets 2019: $12,564Liabilities 2019: $4,360Net Assets 2019: $8,2042019Assets 2020: $25,044Liabilities 2020: $6,538Net Assets 2020: $18,5062020Assets 2021: $50,638Liabilities 2021: $41,397Net Assets 2021: $9,2412021Assets 2022: $7,867Liabilities 2022: $17,399Net Assets 2022: -$9,5322022Assets 2023: $208,622Liabilities 2023: $18,467Net Assets 2023: $190,1552023Assets 2024: $113,340Liabilities 2024: $84,171Net Assets 2024: $29,1692024

Highlighted filing

2021

Assets$50,638
Liabilities$41,397
Net Assets$9,241

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $91,152Expenses 2012: $90,191Net Income 2012: $9612012Revenue 2013: $100,174Expenses 2013: $96,248Net Income 2013: $3,9262013Revenue 2015: $197,916Expenses 2015: $140,361Net Income 2015: $57,5552015Revenue 2016: $172,828Expenses 2016: $144,646Net Income 2016: $28,1822016Revenue 2017: $166,517Expenses 2017: $227,843Net Income 2017: -$61,3262017Revenue 2019: $228,064Expenses 2019: $226,275Net Income 2019: $1,7892019Revenue 2020: $178,048Expenses 2020: $167,746Net Income 2020: $10,3022020Revenue 2021: $179,214Expenses 2021: $188,479Net Income 2021: -$9,2652021Revenue 2022: $290,431Expenses 2022: $309,204Net Income 2022: -$18,7732022Revenue 2023: $455,569Expenses 2023: $255,882Net Income 2023: $199,6872023Revenue 2024: $368,306Expenses 2024: $529,292Net Income 2024: -$160,9862024

Highlighted filing

2021

Revenue$179,214
Expenses$188,479
Net Income-$9,265
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Jun 6, 2022
Return Version
2020v4.0
Gross Receipts
$179,214
Mission and Program Overview

Mission

Sfyo is a youth development and mentoring organization

Mission: solid offers empowering programs that inspire, connect and support young people to maximize their potential and equip them to radically impact their community and beyond. Vision: here at solid, we believe skateboarders can apply the grit and resilience they learn on a skateboard to every area of life. We envision young people living resilient lives at home, at school, at work, in their own personal development and life goals. Keep pushing

Program Services

DescriptionGrantsExpenses
MAJOR SERVICE ACCOMPLISHMENTS, 2021 WAS A MILESTONE YEAR FOR US. WE ACQUIRED OUR FIRST INDOOR SPACE TO TRANSFORM INTO OUR SOLID HQ AND YOUTH CENTER WITH WEEKLY SKATEBOARDING EVENTS, PROGRAMS AND A PLACE WHERE KIDS CAN STOP BY ANY TIME. IN THE PAST MONTHS, WE'VE SEEN: THE AVERAGE SKATER SPENT 384 HOURS WITH US AT THE SOLID HQ. IT TOOK 48 DAYS TO CLEAN, PREP AND MOVE INTO THE SPACE - ALL WHILE TEACHING NEW SKILLS AND EMPOWERING OUR SKATERS TO HELP CREATE SOMETHING AMAZING FOR OUR COMMUNITY. ON A WEEKLY BASIS, THE SOLID HQ SEES OVER 60 YOUNG PEOPLE AT OUR MONDAY AND WEDNESDAY PROGRAMS.-$182,152
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVEN WOLFEExecutive DiFT$75,190-$75,190
JASON ROMINEBoard Chair-$0--
DENNIS MCGRATHTreasurer-$0--
JONATHAN SPOELSTRASecretary-$0--
MARQUES JOHNSONBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Solid Foundation Youth Outreach Inc
EIN
77-0617835
Phone
9736505412
Address
PO BOX 1166, PATERSON, NJ 07509

Signing Officer

Name
Steven Wolfe
Title
Executive Director
Phone
9736505412
Signed
2022-06-06

Preparer

Firm
Fylstra & Associates LLC
Address
385 FRANKLIN TURNPIKE, ALLENDALE, NJ 07401-2225
Preparer
Ralph a Fylstra
Phone
2018188800
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office 6,613 information technology 5,847 travel 3,683 insurance 12,997 direct program 7,453 staff development 7,742 permits & fees 90 bank fees 582 total 45,007

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 6,538 13,013 unsecured notes and loans payable 0 28,384

Form 990-ez, Part III

Mission: solid offers empowering programs that inspire, connect and support young people to maximize their potential and equip them to radically impact their community and beyond. Vision: here at solid, we believe skateboarders can apply the grit and resilience they learn on a skateboard to every area of life. We envision young people living resilient lives at home, at school, at work, in their own personal development and life goals. Keep pushing

Form 990-ez, Part III, Line 28

Major service accomplishments, 2021 was a milestone year for us. We acquired our first indoor space to transform into our solid hq and youth center with weekly skateboarding events, programs and a place where kids can stop by any time. In the past months, we've seen: the average skater spent 384 hours with us at the solid hq. It took 48 days to clean, prep and move into the space - all while teaching new skills and empowering our skaters to help create something amazing for our community. On a weekly basis, the solid hq sees over 60 young people at our monday and wednesday programs.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MAJOR SERVICE ACCOMPLISHMENTS, 2021 WAS A MILESTONE YEAR FOR US. WE ACQUIRED OUR FIRST INDOOR SPACE TO TRANSFORM INTO OUR SOLID HQ AND YOUTH CENTER WITH WEEKLY SKATEBOARDING EVENTS, PROGRAMS AND A PLACE WHERE KIDS CAN STOP BY ANY TIME. IN THE PAST MONTHS, WE'VE SEEN: THE AVERAGE SKATER SPENT 384 HOURS WITH US AT THE SOLID HQ. IT TOOK 48 DAYS TO CLEAN, PREP AND MOVE INTO THE SPACE - ALL WHILE TEACHING NEW SKILLS AND EMPOWERING OUR SKATERS TO HELP CREATE SOMETHING AMAZING FOR OUR COMMUNITY. ON A WEEKLY BASIS, THE SOLID HQ SEES OVER 60 YOUNG PEOPLE AT OUR MONDAY AND WEDNESDAY PROGRAMS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE 6,613 INFORMATION TECHNOLOGY 5,847 TRAVEL 3,683 INSURANCE 12,997 DIRECT PROGRAM 7,453 STAFF DEVELOPMENT 7,742 PERMITS & FEES 90 BANK FEES 582 TOTAL 45,007
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 6,538 13,013 UNSECURED NOTES AND LOANS PAYABLE 0 28,384
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MISSION: SOLID OFFERS EMPOWERING PROGRAMS THAT INSPIRE, CONNECT AND SUPPORT YOUNG PEOPLE TO MAXIMIZE THEIR POTENTIAL AND EQUIP THEM TO RADICALLY IMPACT THEIR COMMUNITY AND BEYOND. VISION: HERE AT SOLID, WE BELIEVE SKATEBOARDERS CAN APPLY THE GRIT AND RESILIENCE THEY LEARN ON A SKATEBOARD TO EVERY AREA OF LIFE. WE ENVISION YOUNG PEOPLE LIVING RESILIENT LIVES AT HOME, AT SCHOOL, AT WORK, IN THEIR OWN PERSONAL DEVELOPMENT AND LIFE GOALS. KEEP PUSHING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MAJOR SERVICE ACCOMPLISHMENTS, 2021 WAS A MILESTONE YEAR FOR US. WE ACQUIRED OUR FIRST INDOOR SPACE TO TRANSFORM INTO OUR SOLID HQ AND YOUTH CENTER WITH WEEKLY SKATEBOARDING EVENTS, PROGRAMS AND A PLACE WHERE KIDS CAN STOP BY ANY TIME. IN THE PAST MONTHS, WE'VE SEEN: THE AVERAGE SKATER SPENT 384 HOURS WITH US AT THE SOLID HQ. IT TOOK 48 DAYS TO CLEAN, PREP AND MOVE INTO THE SPACE - ALL WHILE TEACHING NEW SKILLS AND EMPOWERING OUR SKATERS TO HELP CREATE SOMETHING AMAZING FOR OUR COMMUNITY. ON A WEEKLY BASIS, THE SOLID HQ SEES OVER 60 YOUNG PEOPLE AT OUR MONDAY AND WEDNESDAY PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN WOLFE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09736505412
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOLID FOUNDATION YOUTH OUTREACH INC
ReturnHeader/Filer/BusinessNameControlTxt0SOLI
ReturnHeader/Filer/EIN0770617835
ReturnHeader/Filer/PhoneNum09736505412
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1166
ReturnHeader/Filer/USAddress/CityNm0PATERSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007509
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453841763
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FYLSTRA & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0385 FRANKLIN TURNPIKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALLENDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0074012225
ReturnHeader/PreparerPersonGrp/PhoneNum02018188800
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RALPH A FYLSTRA
ReturnHeader/ReturnTs02022-06-10T08:17:44-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WOLFE
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • <$500k nonprofits