Civic Intelligence

Youth Life Foundation of Richmond

EIN 81-0569287 • 501(c)3 • Richmond, VA

Profile

The youth life foundation of richmond operates learning centers to develop leaders by making long-term investments in children from at-risk communities.

PO Box 15202Richmond, VA 23227

www.ylfr.org

Siviq Scores

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

Liabilities / Assets

61st percentile

0.05x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

67th percentile

0.07x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

63rd percentile

$38,195

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

60th percentile

7.3%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

22nd percentile

-15%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$867,721

Up $355,414 (+69%) from 2023

Liabilities

Up

$75,098

Up $55,112 (+276%) from 2023

Net Assets

Up

$792,623

Up $300,302 (+61%) from 2023

Revenue

Up

$737,425

Up $46,877 (+6.8%) from 2023

Expenses

Down

$437,123

Down $80,437 (-16%) from 2023

Net Income

Up

$300,302

Up $127,314 (+74%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $97,905Liabilities 2010: $8,592Net Assets 2010: $89,3132010Assets 2011: $129,857Liabilities 2011: $6,723Net Assets 2011: $123,1342011Assets 2012: $143,530Liabilities 2012: $6,504Net Assets 2012: $137,0262012Assets 2013: $169,419Liabilities 2013: $10,259Net Assets 2013: $159,1602013Assets 2014: $169,096Liabilities 2014: $18,972Net Assets 2014: $150,1242014Assets 2015: $153,242Liabilities 2015: $18,877Net Assets 2015: $134,3652015Assets 2016: $197,366Liabilities 2016: $14,887Net Assets 2016: $182,4792016Assets 2017: $247,264Liabilities 2017: $23,664Net Assets 2017: $223,6002017Assets 2018: $196,030Liabilities 2018: $18,987Net Assets 2018: $177,0432018Assets 2019: $171,418Liabilities 2019: $19,786Net Assets 2019: $151,6322019Assets 2020: $247,845Liabilities 2020: $94,504Net Assets 2020: $153,3412020Assets 2021: $331,898Liabilities 2021: $19,285Net Assets 2021: $312,6132021Assets 2022: $338,525Liabilities 2022: $19,192Net Assets 2022: $319,3332022Assets 2023: $512,307Liabilities 2023: $19,986Net Assets 2023: $492,3212023Assets 2024: $867,721Liabilities 2024: $75,098Net Assets 2024: $792,6232024

Highlighted filing

2024

Assets$867,721
Liabilities$75,098
Net Assets$792,623

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $210,056Expenses 2010: $257,545Net Income 2010: -$47,4892010Revenue 2011: $264,627Expenses 2011: $230,806Net Income 2011: $33,8212011Revenue 2012: $221,430Expenses 2012: $233,138Net Income 2012: -$11,7082012Revenue 2013: $249,096Expenses 2013: $226,962Net Income 2013: $22,1342013Revenue 2014: $278,643Expenses 2014: $287,679Net Income 2014: -$9,0362014Revenue 2015: $315,307Expenses 2015: $331,066Net Income 2015: -$15,7592015Revenue 2016: $445,509Expenses 2016: $397,395Net Income 2016: $48,1142016Revenue 2017: $539,446Expenses 2017: $505,762Net Income 2017: $33,6842017Revenue 2018: $312,924Expenses 2018: $359,481Net Income 2018: -$46,5572018Revenue 2019: $521,999Expenses 2019: $547,410Net Income 2019: -$25,4112019Revenue 2020: $508,954Expenses 2020: $507,245Net Income 2020: $1,7092020Revenue 2021: $775,489Expenses 2021: $616,217Net Income 2021: $159,2722021Revenue 2022: $600,438Expenses 2022: $593,718Net Income 2022: $6,7202022Revenue 2023: $690,548Expenses 2023: $517,560Net Income 2023: $172,9882023Revenue 2024: $737,425Expenses 2024: $437,123Net Income 2024: $300,3022024

Highlighted filing

2024

Revenue$737,425
Expenses$437,123
Net Income$300,302

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.68$0.75$7.93$7.37$4.37$3.00
2023Summary only. Only limited summary data is available for this year.$5.12$0.20$4.92$6.91$5.18$1.73
2022Summary only. Only limited summary data is available for this year.$3.39$0.19$3.19$6.00$5.94$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.19$3.13$7.75$6.16$1.59
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.95$1.53$5.09$5.07$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.20$1.52$5.22$5.47$0.25
2018Summary only. Only limited summary data is available for this year.$1.96$0.19$1.77$3.13$3.59$0.47
2017Summary only. Only limited summary data is available for this year.$2.47$0.24$2.24$5.39$5.06$0.34
2016Summary only. Only limited summary data is available for this year.$1.97$0.15$1.82$4.46$3.97$0.48
2015Detailed filing. Detailed filing data is available for this year.$1.53$0.19$1.34$3.15$3.31$0.16
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.19$1.50$2.79$2.88$0.09
2013Summary only. Only limited summary data is available for this year.$1.69$0.10$1.59$2.49$2.27$0.22
2012Summary only. Only limited summary data is available for this year.$1.44$0.07$1.37$2.21$2.33$0.12
2011Summary only. Only limited summary data is available for this year.$1.30$0.07$1.23$2.65$2.31$0.34
2010Summary only. Only limited summary data is available for this year.$0.98$0.09$0.89$2.10$2.58$0.47
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Apr 24, 2022
Return Version
2020v4.0
Gross Receipts
$844,343
Mission and Program Overview

Mission

The Youth Life Foundation of Richmond operates Learning Centers to develop leaders by making long-term investments in children from under-served communities. By supporting students academically, developing their character from a young age, raising expectations, and investing in their lives through committed mentoring relationships, these youth will rise above their circumstances to become tomorrow's leaders.

To develop leaders by making long term investments in children from at-risk communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$57,035$202,541▲ $145,506
Cash and Non-Interest-Bearing Accounts$116,689$69,299▼ $47,390
Land, Buildings, and Equipment, Net$67,906$54,855▼ $13,051
Prepaid Expenses and Deferred Charges$6,215$5,203▼ $1,012
Accounts Receivable$0--
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0--
Total Assets$247,845$331,898▲ $84,053
Other Assets Total$0--
Liabilities
Deferred Revenue$72,500$0▼ $72,500
Accounts Payable and Accrued Expenses$22,004$19,285▼ $2,719
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$94,504$19,285▼ $75,219
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$124,267$269,062▲ $144,795
Net Assets With Donor Restrictions$29,074$43,551▲ $14,477
Total Net Assets Fund Balance$153,341$312,613▲ $159,272
Total Liabilities and Net Assets / Fund Balance$247,845$331,898▲ $84,053

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$45,076$243,521$288,597
Leasehold Improvements$9,779$2,188$11,967
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather GoodlettExecutive DirectorPT$31,000$900$31,900

Board Members and Trustees

NameTitle
George WiggintonChair
Elizabeth SiebersVice-Chair
Amanda ScandlenBoard Member
Calvin FarrBoard Member
Kris AllenBoard Member
Lindsey BarrBoard Member
Matt BenkoBoard Member
Terren PetersonBoard Member
Sheree JonesSecretary
Clay LyonsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$803,366
Program Service Revenue
$1,227
Investment Income
$0
Other Revenue
$-29,104
All Other Contributions
$589,066
Change in Net Assets
$159,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$469,988
Other Expenses$143,719
Total Fundraising Expense$8,211
Grants and Similar Amounts Paid$2,510
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$341,116$14,593$6,754$362,463
Other Employee Benefits$38,986$2,924$982$42,892
Current Officers, Directors, Trustees, and Key Employees$1,000$30,000$0$31,000
Depreciation Depletion$27,280$1,480$0$28,760
Travel$13,220$15,311$0$28,531
Payroll Taxes$25,341$785$471$26,597
Insurance$16,355$4,132$0$20,487
Occupancy$1,920$12,480$0$14,400
Fees for Services Accounting$0$10,407$0$10,407
Office Expenses$447$8,845$4$9,296
Pension Plan Contributions$7,036$0$0$7,036
Other Expenses$0$5,183$0$5,183
Fees for Services Other$644$2,307$0$2,951
Grants to Domestic Individuals$2,510--$2,510
All Other Expenses$220$1,607$0$1,827
Total Functional Expenses$491,988$116,018$8,211$616,217
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$68,854
Fundraising Gross Income$35,551
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
May 2021 - Darrell Green Celebrity Golf Tournament$144,621$27,971$11,721$16,250
August 2020 - Darrell Green Celebrity Golf Tournament$105,320$7,580$10,886$-3,306
Total Events$249,941$35,551$68,854$-33,303
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0--
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Part VI, Section A, Line 8B

N/A - committees do not have authority to act on behalf of the board.

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

The Form 990 is provided to the board and reviewed by the Executive Director and the Treasurer prior to filing.

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

The Executive Director monitors all business relationships for non-compliance with the policy. She is directly involved in the daily activities of the organization and would be aware of any non-compliance.

Form 990, Part VI, Section B, Line 15

All salaries and benefit packages are reviewed annually by all members of the board.

Form 990, Part VI, Section C, Line 19

Part VI - Section C. Disclosure - YLFR made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year upon request.

Filing and Contact Details

Filer

Filer Name
Youth Life Foundation of Richmond
EIN
81-0569287
Address
PO Box 15202, Richmond, VA 23227

Signing Officer

Name
Heather Goodlett
Title
Director
Phone
8046414359
Signed
2022-04-24

Organization Details

Principal Officer
Heather Goodlett
Formed
2002
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
10
Employees
34
Volunteers
300
Raw XML AppendixShowing 400 of 625 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
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To develop leaders by making long term investments in children from at-risk communities.
IRS990/AdvertisingGrp/FundraisingAmt00
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IRS990/AllOtherExpensesGrp/TotalAmt01827
IRS990/AnnualDisclosureCoveredPrsnInd01
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IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Heather Goodlett
IRS990/BooksInCareOfDetail/PhoneNum08042281620
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03076 Meadowbridge Road
IRS990/BooksInCareOfDetail/USAddress/CityNm0Richmond
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023222
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IRS990/CYOtherExpensesAmt0143719
IRS990/CYOtherRevenueAmt0-29104
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0775489
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IRS990/DeferredRevenueGrp/BOYAmt072500
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IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01480
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IRS990/Desc0Students in Youth Life Learning Centers participate in structured academic enrichment and one-on-one mentoring. 1) Academic Support: YLFR Learning Centers are staffed by certified teachers in order to provide quality, individualized instruction, and ongoing evaluation of student progress. 2) One-on-one mentoring: individualized lesson plans are implemented by committed volunteer mentors during Learning Center hours throughout the week, allowing each child to receive personal attention and build trust with a caring adult. 3) character development: students focus on meeting high expectations for their social and behavioral development as they grow into responsible members of their communities. 4) Long-term commitment: a unique and vital element of the YLFR model is to invest in children from a young age and stick with them through graduation from high school.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Heather Goodlett
IRS990/Form990PartVIISectionAGrp/PersonNm1George Wigginton
IRS990/Form990PartVIISectionAGrp/PersonNm2Elizabeth Siebers
IRS990/Form990PartVIISectionAGrp/PersonNm3Sheree Jones
IRS990/Form990PartVIISectionAGrp/PersonNm4Clay Lyons
IRS990/Form990PartVIISectionAGrp/PersonNm5Amanda Scandlen
IRS990/Form990PartVIISectionAGrp/PersonNm6Kris Allen
IRS990/Form990PartVIISectionAGrp/PersonNm7Lindsey Barr
IRS990/Form990PartVIISectionAGrp/PersonNm8Matt Benko
IRS990/Form990PartVIISectionAGrp/PersonNm9Terren Peterson
IRS990/Form990PartVIISectionAGrp/PersonNm10Calvin Farr
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice-Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
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IRS990/MissionDesc0The Youth Life Foundation of Richmond operates Learning Centers to develop leaders by making long-term investments in children from at-risk communities. By supporting students academically, developing their character from a young age, raising expectations, and investing in their lives through committed mentoring relationships, these youth will rise above their circumstances to become tomorrow's leaders.
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