Civic Intelligence

Youthbuild Preparatory Academy

990 • Fiscal year 2019 • EIN 81-3957029

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 11, 2020

66 Chaffee StreetProvidence, RI 02909

(401) 273-5790

Siviq Scores

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

Liabilities / Assets

98th percentile

2.04x

Higher debt load relative to assets than 98% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

61st percentile

0.15x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

69th percentile

$101,638

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

57th percentile

5.5%

Faster asset growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

1.0%

Faster revenue growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$77,092

Up $4,023 (+5.5%) from 2018

Net Assets

Down

-$80,319

Down $85,103 (-1779%) from 2018

Liabilities

Up

$157,411

Up $89,126 (+131%) from 2018

Revenue

Up

$1,020,749

Up $10,182 (+1.0%) from 2018

Expenses

Up

$1,136,832

Up $60,110 (+5.6%) from 2018

Net Income

Down

-$116,083

Down $49,928 (-75%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2017: $121,641Liabilities 2017: $50,702Net Assets 2017: $70,9392017Assets 2018: $73,069Liabilities 2018: $68,285Net Assets 2018: $4,7842018Assets 2019: $77,092Liabilities 2019: $157,411Net Assets 2019: -$80,3192019Assets 2020: $136,429Liabilities 2020: $190,969Net Assets 2020: -$54,5402020Assets 2021: $42,132Liabilities 2021: $236,561Net Assets 2021: -$194,4292021Assets 2022: $150,742Liabilities 2022: $144,839Net Assets 2022: $5,9032022Assets 2023: $1,699,114Liabilities 2023: $1,822,619Net Assets 2023: -$123,5052023Assets 2024: $1,630,558Liabilities 2024: $1,687,292Net Assets 2024: -$56,7342024

Highlighted filing

2019

Assets$77,092
Liabilities$157,411
Net Assets-$80,319

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $451,850Expenses 2017: $380,911Net Income 2017: $70,9392017Revenue 2018: $1,010,567Expenses 2018: $1,076,722Net Income 2018: -$66,1552018Revenue 2019: $1,020,749Expenses 2019: $1,136,832Net Income 2019: -$116,0832019Revenue 2020: $748,132Expenses 2020: $722,353Net Income 2020: $25,7792020Revenue 2021: $410,633Expenses 2021: $550,522Net Income 2021: -$139,8892021Revenue 2022: $1,475,794Expenses 2022: $1,275,462Net Income 2022: $200,3322022Revenue 2023: $2,910,983Expenses 2023: $3,040,391Net Income 2023: -$129,4082023Revenue 2024: $3,074,024Expenses 2024: $2,990,393Net Income 2024: $83,6312024

Highlighted filing

2019

Revenue$1,020,749
Expenses$1,136,832
Net Income-$116,083
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 11, 2020
Return Version
2018v3.2
Gross Receipts
$1,022,168
Mission and Program Overview

Mission

YouthBuild Prep Academy provides a liberating educational experience to all students, with a focus on engaging young men of color, preparing them to be confident, civically engaged leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$48,146$56,902▲ $8,756
Land, Buildings, and Equipment, Net$9,568$6,579▼ $2,989
Cash and Non-Interest-Bearing Accounts$425$6,067▲ $5,642
Prepaid Expenses and Deferred Charges$12,418$5,032▼ $7,386
Total Assets$73,069$77,092▲ $4,023
Other Assets Total$2,512$2,512→ $0
Liabilities
Accounts Payable and Accrued Expenses$40,275$68,684▲ $28,409
Other Liabilities$0$65,267▲ $65,267
Deferred Revenue$28,010$23,460▼ $4,550
Total Liabilities$68,285$157,411▲ $89,126
Net Assets / Fund Balance
Unrestricted Net Assets$4,784$-80,319▼ $85,103
Total Net Assets Fund Balance$4,784$-80,319▼ $85,103
Total Liabilities and Net Assets / Fund Balance$73,069$77,092▲ $4,023

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$66,821$66,821
Other Land Buildings$6,579$8,367$14,946
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anthony HubbardExecutive DirectorFT$101,638$101,638

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$990,801
Program Service Revenue
$30,047
Investment Income
$0
Other Revenue
$-99
All Other Contributions
$278,897
Change in Net Assets
$-116,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$659,853
Other Expenses$476,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$335,070$117,598-$452,668
Current Officers, Directors, Trustees, and Key Employees$59,274$41,670-$100,944
All Other Expenses$29,482$69,659-$99,141
Occupancy-$71,600-$71,600
Other Employee Benefits$50,851$4,775-$55,626
Payroll Taxes$17,857$32,758-$50,615
Fees for Services Accounting-$46,201-$46,201
Fees for Services Legal-$35,232-$35,232
Conferences and Meetings$24,055$8,383-$32,438
Other Expenses$52,165$23,644-$23,644
Office Expenses$2,681$7,507-$10,188
Insurance-$7,526-$7,526
Depreciation Depletion-$2,989-$2,989
Travel$1,371$782-$2,153
Total Functional Expenses$629,806$507,026$0$1,136,832
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,419
Fundraising Gross Income$1,320
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$15,190$1,320$492$828
Total Events$15,190$1,320$1,419$-99
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$44,167
Bank overdraft$21,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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 B, line 11B

The School's process to review Form 990 - No review was or will be conducted.

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

Enforcement of conflicts of interest policy at least annually the school distributes a certification and disclosure form to its officers, directors, key employees, and major vendors and service providers which requires those respondents to certify they have received a copy of the policy and understand its purpose. In addition, the form requires each person or entity to certify that there has been no actual or possible conflicts of interest or any relationships, transactions, or other circumstances that could result in a conflict of interest. To properly monitor and enforce the policy the school reviews the annual disclosure forms and maintains a list of potentially conflicted entities and individuals.

Form 990, Part VI, Section B, line 15

Compensation process for top official the executive committee examines compensation paid by comparable organizations, taking into consideration whether organizations considered for comparison are similar in size, scope, and geographic area. The committee also considers independent compensation surveys when available. The compensation of the executive director and other key employees is approved by the executive committee. The board and executive committee document the approval, terms, and process regarding the compensation agreement. Compensation process for officers the procedure is the same.

Form 990, Part VI, Section C, line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
YouthBuild Prepatory Academy
EIN
81-3957029
Phone
4012735790
Address
66 Chaffee Street, Providence, RI 02909

Signing Officer

Name
Anthony Hubbard
Title
Executive Director
Phone
4012737528
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Hubbard
Formed
2016
Legal Domicile
Ri
Voting Board Members
10
Independent Board Members
10
Employees
122
Volunteers
4

Preparer

Firm
Aaronson Lavoie Streitfeld Diaz & Co PC
Address
1604 Broad Street, Cranston, RI 02905
Preparer
Adam Diaz
Phone
4012230205
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IRS990/Form990PartVIISectionAGrp/PersonNm0Angela Romans
IRS990/Form990PartVIISectionAGrp/PersonNm1Patrick McGuigan
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IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt030047
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066821
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066821
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06579
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08367
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014946
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt144167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Bank overdraft
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Line of Credit
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06579
IRS990ScheduleD/TotalLiabilityAmt065267
IRS990ScheduleE/ComplianceWithRevProc7550Ind00
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONCOMPLIANCE WITH NONDISCRIMINATION REQUIREMENTS EXPLANATION DOCUMENTS USED FOR REGISTRATION TO THE SCHOOL CLEARLY INDICATE THAT THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF COLOR, NATIONAL ORIGIN, AGE, VETERAN, OR MILITARY STATUS, SEXUAL ORIENTATION, GENDER EXPRESSION OR IDENTITY, OR DISABILITY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION - THE SCHOOL RECEIVED VARIOUS GRANTS FROM THE U.S. DEPARTMENT OF LABOR, THE STATE OF RHODE ISALND DEPARTMENT OF EDUCATION, AND THE CITY OF PROVIDENCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2NONCOMPLIANCE WITH NONDISCRIMINATION REQUIREMENTS EXPLANATION DOCUMENTS USED FOR REGISTRATION TO THE SCHOOL CLEARLY INDICATE THAT THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF COLOR, NATIONAL ORIGIN, AGE, VETERAN, OR MILITARY STATUS, SEXUAL ORIENTATION, GENDER EXPRESSION OR IDENTITY, OR DISABILITY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Part I, Line 7
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt013870
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt013870
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01419
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0727
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0727
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015190
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015190
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt01320
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01320
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-99
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0492
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0492
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0200
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0200
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The School's process to review Form 990 - No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS OF INTEREST POLICY AT LEAST ANNUALLY THE SCHOOL DISTRIBUTES A CERTIFICATION AND DISCLOSURE FORM TO ITS OFFICERS, DIRECTORS, KEY EMPLOYEES, AND MAJOR VENDORS AND SERVICE PROVIDERS WHICH REQUIRES THOSE RESPONDENTS TO CERTIFY THEY HAVE RECEIVED A COPY OF THE POLICY AND UNDERSTAND ITS PURPOSE. IN ADDITION, THE FORM REQUIRES EACH PERSON OR ENTITY TO CERTIFY THAT THERE HAS BEEN NO ACTUAL OR POSSIBLE CONFLICTS OF INTEREST OR ANY RELATIONSHIPS, TRANSACTIONS, OR OTHER CIRCUMSTANCES THAT COULD RESULT IN A CONFLICT OF INTEREST. TO PROPERLY MONITOR AND ENFORCE THE POLICY THE SCHOOL REVIEWS THE ANNUAL DISCLOSURE FORMS AND MAINTAINS A LIST OF POTENTIALLY CONFLICTED ENTITIES AND INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION PROCESS FOR TOP OFFICIAL THE EXECUTIVE COMMITTEE EXAMINES COMPENSATION PAID BY COMPARABLE ORGANIZATIONS, TAKING INTO CONSIDERATION WHETHER ORGANIZATIONS CONSIDERED FOR COMPARISON ARE SIMILAR IN SIZE, SCOPE, AND GEOGRAPHIC AREA. THE COMMITTEE ALSO CONSIDERS INDEPENDENT COMPENSATION SURVEYS WHEN AVAILABLE. THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES IS APPROVED BY THE EXECUTIVE COMMITTEE. THE BOARD AND EXECUTIVE COMMITTEE DOCUMENT THE APPROVAL, TERMS, AND PROCESS REGARDING THE COMPENSATION AGREEMENT. COMPENSATION PROCESS FOR OFFICERS THE PROCEDURE IS THE SAME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt073069
IRS990/TotalAssetsEOYAmt077092
IRS990/TotalAssetsGrp/BOYAmt073069
IRS990/TotalAssetsGrp/EOYAmt077092
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0990801
IRS990/TotalEmployeeCnt0122
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0507026
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0629806
IRS990/TotalFunctionalExpensesGrp/TotalAmt01136832
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt068285
IRS990/TotalLiabilitiesEOYAmt0157411
IRS990/TotalLiabilitiesGrp/BOYAmt068285
IRS990/TotalLiabilitiesGrp/EOYAmt0157411
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04784
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-80319
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0629806
IRS990/TotalProgramServiceRevenueAmt030047
IRS990/TotalReportableCompFromOrgAmt0101638
IRS990/TotalRevenueGrp/ExclusionAmt0-99
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030047
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01020749
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt073069
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt077092
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0782
IRS990/TravelGrp/ProgramServicesAmt01371
IRS990/TravelGrp/TotalAmt02153
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

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