2024-08-15T19:48:04-04:00 2022-06-30 475503849 FWM PROFESSIONAL ACCOUNTING AND TAX 17 SCARBOROUGH PARK ROCHESTER NY 14625 990 2021-07-01 300513715 THE YOUNG ENTREPRENEURS ACADEMY INC YOUN 16 WIDEWATERS LANE PITTSFORD NY 14534 GAYLE JAGEL PRESIDENT & CEO 5854290558 2024-08-15 false FRANK MONFALCONE P01433978 5857348793 2024-08-15 2021 2024-08-08 14:25:15Z GAYLE JAGEL 262429 false X WWW.YEAUSA.ORG X 2008 NY TO OPERATE A GROUNDBREAKING PROGRAM THAT TAKES STUDENTS IN GRADES SIX THROUGH TWELVE THROUGH THE PROCESS OF STARTING AND RUNNING A REAL BUSINESS OVER THE COURSE OF A FULL ACADEMIC YEAR. 4 3 2 6200 0 0 166978 88766 159950 173663 0 0 326928 262429 0 0 260726 214766 0 18107 213826 147361 474552 362127 -147624 -99698 192804 43212 152495 102601 40309 -59389 TO OPERATE A GROUNDBREAKING PROGRAM THAT TAKES STUDENTS IN GRADES SIX THROUGH TWELVE THROUGH THE PROCESS OF STARTING AND RUNNING A REAL BUSINESS OVER THE COURSE OF A FULL ACADEMIC YEAR. false false 275215 173663 THE YOUNG ENTREPRENEURS ACADEMY (YEA) IS A GROUNDBREAKING AND EXCITING PROGRAM THAT TRANSFORMS LOCAL MIDDLE AND HIGH SCHOOL STUDENTS INTO REAL, CONFIDENT ENTREPRENEURS. THROUGH THE YEAR-LONG PROGRAM, STUDENTS IN GRADES 6-12 GENERATE BUSINESS IDEAS, CONDUCT MARKET RESEARCH , WRITE BUSINESS PLANS, PITCH TO A PANAL OF INVESTORS, AND LAUNCH THEIR VERY OWN COMPANIES. 275215 true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 0 0 2 true false false false false false false false false false false false false X 4 3 false false false false false false false true true false false true true true true false false true false false NY X THE ORGANIZATION 5854290558 16 WIDEWATERS LANE Pittsford NY 14534 GAYLE JAGEL PRESIDENT & CEO 40.00 0.00 X X 150000 4089 0 PHIL SAUNDERS DIRECTOR PART YEAR 0.20 0.00 X 0 0 0 JACK BARON DIRECTOR 0.20 0.00 X 0 0 0 PATTY REDDING DIRECTOR PART YEAR 0.20 0.00 X 0 0 0 TROY MCLELLAN DIRECTORCHAIR 0.20 0.00 X X 0 0 0 KEVIN HALPIN SECRETARY 0.20 0.00 X X 0 0 0 STEVE SAUER CHAIR PART YEAR 0.20 0.00 X X 0 0 0 150000 4089 0 1 false true false X 88766 88766 ENTREPRENEURIAL EDUCATI 611710 173663 173663 173663 262429 173663 0 0 192554 146341 36585 9628 14788 11239 2810 739 7424 5642 1411 371 11028 8379 2095 554 5000 3800 950 250 8926 6784 1696 446 10079 7660 1915 504 51758 39336 9834 2588 1372 1043 261 68 222 168 42 12 1535 1167 292 76 SAUNDERS SCHOLARS EXPENSES 25605 19460 4865 1280 BAD DEBT EXPENSE 9550 7258 1815 477 DUES AND SUBSCRIPTIONS 152 116 29 7 22134 16822 4205 1107 362127 275215 68805 18107 X 158801 43212 9600 2269 22134 192804 43212 16314 1511 69614 101090 66567 152495 102601 X 30709 -59389 9600 40309 -59389 192804 43212 -99698 0 X true X false true false X 62594 35952 42150 166978 88766 396440 62594 35952 42150 166978 88766 396440 169837 226603 396440 2264267 0.57160 0.55850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false GAYLE JAGEL PRESIDENT & CEO 150000 4089 150000 4089 Form 990 governing body review Part VI line 11 THE FORM 990 IS PROVIDED TO THE BOARD , REVIEWED FOR ACCURACY, AND FILED UPON APPROVAL. Conflict of interest policy compliance Part VI line 12c A CONFLICT OF INTEREST FORM IS PROVIDED TO ALL NEW AND RETURNING BOARD MEMBERS AND IS REVIEWED IN ADVANCE OF THEIR SERVICE. CEO executive director top management comp Part VI line 15a THE CEOS COMPENSATION IS DETERMINED DURING EXECUTIVE SESSIONS OF THE BOARD OF DIRECTORS. Governing documents etc available to public Part VI line 19 THE ORGANIZATIONS GOVERING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ALL REQUESTS ARE REVIEWED BY THE PRESIDENT AND CEO. Statement of Revenue Part VIII THE ORGANIZATION WAS ELIGIBLE AND APPLIED FOR LOAN FUNDING THROUGH THE PAYCHECK PROTECTION PROGRAM (PPP) UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT). THE FIRST LOAN FUNDING OF $64,700 WAS RECEIVED ON APRIL 4, 2020. THE ORGANIZATION THEN BECAME ELIGIBLE AND APPLIED FOR A 2ND LOAN FUNDING THROUGH THE SAME PPP. THE ORGANIZATION RECEIVED THE 2ND LOAN FUNDING OF $64,700 ON JANUARY 27, 2021. THIS $64,700 IS INCLUDED IN LINE 1E. IN ADDITION, THE ORGANIZATION WAS ELIGIBLE AND APPLIED FOR THE EMPLOYEE RETENTION CREDIT (ERC). THE ERC WAS A REFUNDABLE TAX CREDIT BASED ON WAGES PAID TO ITS EMPLOYEES DURING AND AFTER THE COVID-19 CORONAVIRUS OUTBREAK. THE ORGANIZATION RECEIVED FUNDS FROM THE ERC TOTALING $24,066 IN 2021. THIS $24,066 IS ALSO INLCUDED IN LINE 1E. Balance Sheet Part X EQUIPMENT WITH A NET BOOK VALUE OF $22,134 WAS DONATED AND WRITTEN OFF IN THE BEGINNING OF THE TAX YEAR. NO DEPRECIATION WAS TAKEN FOR THE YEAR.