2024-10-30T20:22:31-04:00 2023-06-30 475503849 FWM PROFESSIONAL ACCOUNTING AND TAX 17 SCARBOROUGH PARK ROCHESTER NY 14625 990 2022-07-01 300513715 THE YOUNG ENTREPRENEURS ACADEMY INC YOUN 16 WIDEWATERS LANE PITTSFORD NY 14534 GAYLE JAGEL PRESIDENT & CEO 5854290558 2024-10-30 false FRANK MONFALCONE P01433978 5857348793 2024-10-30 2022 2024-10-15 13:58:12Z GAYLE JAGEL 201919 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 88766 25434 173663 176485 0 0 262429 201919 0 0 214766 81465 0 6389 147361 46331 362127 127796 -99698 74123 43212 90242 102601 75508 -59389 14734 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 97126 176485 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. 97126 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 false 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 46154 0 0 TROY MCLELLAN DIRECTORCHAIR 0.20 0.00 X X 0 0 0 JACK BARON CHAIR 0.20 0.00 X X 0 0 0 KEVIN HALPIN SECRETARY 0.20 0.00 X X 0 0 0 46154 0 0 0 false false false X 12767 12667 25434 ENTREPRENEURIAL EDUCATI 611710 176485 176485 176485 201919 176485 0 0 72400 55024 13756 3620 3219 2446 612 161 5846 4443 1111 292 10485 7969 1992 524 5160 3922 980 258 15326 11648 2912 766 9343 7101 1775 467 239 182 45 12 94 71 18 5 988 751 188 49 SAUNDERS SCHOLARS EXPENSES 4491 3413 853 225 DUES AND SUBSCRIPTIONS 205 156 39 10 127796 97126 24281 6389 43212 90242 43212 90242 1511 4013 101090 71495 102601 75508 X -59389 14734 -59389 14734 43212 90242 74123 0 X true X false true false X 35952 42150 166978 88766 25434 359280 35952 42150 166978 88766 25434 359280 290447 68833 359280 1639082 0.19160 0.57160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 LINE 1E - 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 $12,767 FOR THE YEAR ENDED JUNE 30, 2023. THE YOUNG ENTREPRENEURS ACADEMY (YEA) IS CURRENTLY ATTEMPTING TO GET CAUGHT UP ON ITS FORM 990 FILINGS FOR THE FISCAL YEARS ENDED JUNE 30, 2022, 2023, & 2024. THEIR OPERATIONS AND ORGANIZATION WERE IMPACTED SIGNIFICANTLY FROM COVID-19 WITH SCHOOLS BEING FORCED TO SHUT DOWN OR MOVE TO REMOTE LEARNING. THE YEA IS WORKING TO REBUILD THEIR NON-PROFIT EDUCATIONAL PROGRAMS. THE YEA FULLY EXPECTS TO FILE ITS 2022 & 2023 FORM 990 BEFORE NOVEMBER 15, 2024. THE YEA WOULD LIKE TO RESPECTFULLY REQUEST AN ABATEMENT FROM ANY PENALTIES AND FINES RESULTING FROM THE LATE FILINGS OF THE 2022 & 2023 FORM 990s. THE YEA HAD A TIMELY FILING RECORD FOR ITS FORM 990 PRIOR TO COVID-19, AND IT HAS PUT PROCEDURES IN PLACE TO ENSURE TIMELY FILINGS OF FORM 990 GOING FORWARD.