2024-05-14T19:21:28-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 133723207 FRESH YOUTH INITIATIVES INC FRES 2127811113 505 WEST 171ST STREET NEW YORK NY 10032 CATHERINE SHUGRUE DOS SANTOS EXECUTIVE DIRECTOR 2127811113 2024-05-14 1 CATHERINE SHUGRUE DOS SANTOS 999009999 0 GARRETT M HIGGINS P00543209 9143818900 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CATHERINE SHUGRUE DOS SAN 505 WEST 171ST STREET NEW YORK NY 10032 4117979 0 X WWW.FRESHYOUTH.ORG X 1993 NY THE MISSION OF FRESH YOUTH INITIATIVES (FYI) IS TO EMPOWER YOUTH WHO HAVE THE FEWEST RESOURCES TO ACHIEVE THEIR GREATEST POTENTIAL. 13 13 95 13 0 0 3571665 4036747 0 0 2815 25628 -48316 -40561 3526164 4021814 0 175 0 0 2408989 3096332 0 0 276448 635198 679358 3044187 3775865 481977 245949 4788236 5169364 108803 300842 4679433 4868522 X THE MISSION OF FRESH YOUTH INITIATIVES (FYI) IS TO EMPOWER YOUTH WHO HAVE THE FEWEST RESOURCES TO ACHIEVE THEIR GREATEST POTENTIAL. 0 0 1117123 0 0 MIDDLE SCHOOL PROGRAM COHORT: FYI OPERATED AFTERSCHOOL AND SUMMER CAMP PROGRAMS FOR 180 STUDENTS IN THE SIXTH THROUGH EIGHTH GRADES AT THREE SITES: FYI'S HEADQUARTERS, M311 AMISTAD DUAL LANGUAGE SCHOOL, AND MS319. PROGRAMS PROVIDED INTENSIVE DEVELOPMENTAL AND ACADEMIC SUPPORT, ADVISORY AND COUNSELING, PREPARATION FOR HIGH SCHOOL, STEM LEARNING, SPORTS, THE ARTS, AND RECREATION. 999891 0 0 ELEMENTARY PROGRAM COHORT: FYI OPERATED AFTERSCHOOL PROGRAMS AND SUMMER CAMP AT TWO SITES. AT PS 128M AUDUBON SCHOOL, FYI PROVIDED AFTERSCHOOL PROGRAMS TO 150 CHILDREN IN GRADES K THROUGH 5 AND SUMMER DAY CAMP FOR 299 CHILDREN. AT AMISTAD DUAL LANGUAGE SCHOOL, FYI PROVIDED AFTERSCHOOL PROGRAMS TO 52 CHILDREN IN GRADES 3 TO 5 AND SUMMER DAY CAMP FOR 21 CHILDREN. PROGRAMS PROVIDED CHILDREN WITH A VARIETY OF EDUCATION, ARTS, RECREATION, AND SOCIAL-EMOTIONAL ACTIVITIES WITH AN EMPHASIS ON DEVELOPING STRONG LITERACY SKILLS. OVERALL ACADEMIC GOALS ARE TO HELP ALL CHILDREN TO READ AND PERFORM MATH AT GRADE LEVEL OR HIGHER. 851471 0 0 COMPREHENSIVE FULL-DAY HIGH SCHOOL SERVICES: FYI'S TEAM OF MENTAL HEALTH AND SOCIAL WORK PROFESSIONALS OFFERED SOCIAL SERVICES, COUNSELING, AND CRISIS INTERVENTION TO THE ENTIRE STUDENT BODY OF 526 STUDENTS AT THE GREGORIO LUPERON HIGH SCHOOL, ALL OF WHOM WERE NEW IMMIGRANTS. IN ADDITION, FYI STAFF ALSO PROVIDED EXTENSIVE YOUTH DEVELOPMENT PROGRAMS TO 266 OF THE 526 STUDENTS, INCLUDING ADVISORY AND GUIDANCE; ACADEMIC INSTRUCTION; STEM AND LITERACY TUTORING; REGENTS PREP; TECHNOLOGY; COLLEGE ACCESS; FINE AND PERFORMING ARTS; AND RECREATION. FYI ALSO WORKED WITH 105 HIGH SCHOOL STUDENTS DURING THE SUMMER THROUGH A TRANSITION TO HIGH SCHOOL PROGRAM AND A CAREER EXPLORATION PROGRAM. 191267 175 0 AT OUR HEADQUARTERS, FYI OPERATED A HIGH SCHOOL PROGRAM FOR 50 TEEN PARTICIPANTS IN GRADES 9-12. THE FOCUS OF THE PROGRAMS WAS ON LEADERSHIP DEVELOPMENT, COLLEGE ACCESS, AND CAREER EXPLORATION. FYI ENGAGED AN ADDITIONAL 21 STUDENTS THROUGH THE DYCD SUMMER YOUTH EMPLOYMENT PROGRAM.FAMILY SERVICES: FYI PROVIDED BIWEEKLY FOOD PANTRY SERVICES TO 511 FAMILY MEMBERS/CAREGIVERS OF ENROLLED YOUTH PARTICIPANTS. FYI STAFF ALSO PROVIDED SOCIAL SERVICES TO FAMILIES IN THE FORM OF ASSISTANCE WITH SCREENING, INTAKE, AND ENROLLMENT TO PUBLIC BENEFITS. 191267 175 0 3159752 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 95 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X X EILEEN LYONS LMSW 2127811113 505 WEST 171ST STREET NEW YORK NY 10032 REBECCA SALE CHAIRMAN 1.00 X X 0 0 0 EDWARD LEHIMAN TREASURER 1.00 X X 0 0 0 AMIT JAIN VICE CHAIR 1.00 X X 0 0 0 YURIY BOYKIV SECRETARY 1.00 X X 0 0 0 LISA BRESTANSKY DIRECTOR 1.00 X 0 0 0 SASKIA CHANOINE DIRECTOR 1.00 X 0 0 0 DAVIS CHHEANG DIRECTOR 1.00 X 0 0 0 ILYA FELDMAN DIRECTOR 1.00 X 0 0 0 RENN IABONI DIRECTOR 1.00 X 0 0 0 BOBBY JAHANI DIRECTOR 1.00 X 0 0 0 BERTA MATOS DIRECTOR 1.00 X 0 0 0 GLENY RAMIREZ DIRECTOR 1.00 X 0 0 0 DAN TEMPLE DIRECTOR 1.00 X 0 0 0 EILEEN LYONS LMSW EXECUTIVE DIRECTOR 55.00 X 159678 0 12830 MARY SANCHEZ DIRECTOR OF ADMINISTRATION 40.00 X 124687 0 12821 MARIA HERERRA DEVELOPMENT DIRECTOR 40.00 X 110000 0 0 394365 0 25651 3 0 1 0 0 269624 2469243 1297880 4036747 23443 23443 24789 22604 2185 2185 2185 33000 269624 73561 -40561 -40561 4021814 0 0 -14933 175 175 180920 99506 27138 54276 2498664 2170471 169465 158728 154963 135500 10143 9320 261785 222370 18838 20577 78500 43321 31170 4009 1485 1485 107866 89081 14467 4318 122321 99369 18173 4779 27986 21870 3384 2732 67548 54100 9331 4117 5957 2498 3434 25 10307 4573 5025 709 119983 101918 8634 9431 30259 24079 3952 2228 FOOD AND BEVERAGE 53667 49242 3706 719 ACTIVITY EXPENSES 39361 38881 480 REPAIRS AND MAINTENANCE 13241 2798 10443 0 MISC EXPENSES 877 0 877 0 3775865 3159752 339665 276448 547935 569675 805443 65095 904757 1526647 4076636 1764598 2425833 2312038 104268 695909 4788236 5169364 15141 76322 93662 224520 108803 300842 X 4156063 4343229 523370 525293 4679433 4868522 4788236 5169364 X 245949 -1460 -55400 X X 0 1 X 1 0 X 2378168 2856149 3468045 3571665 4036747 16310774 2378168 2856149 3468045 3571665 4036747 16310774 832335 15478439 8974 9852 7292 6798 23443 56359 1568 3990 3165 1874 10597 16377730 0.94510 0.94200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 1,568. 2019 AMOUNT: $ 3,990. 2020 AMOUNT: $ 3,165. 2021 AMOUNT: $ 1,874. 2022 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 119414 6122 6743 118793 130007 -2940 7653 119414 113142 24360 7495 130007 134730 -13695 7893 113142 132699 9941 7910 134730 0.00000 0.95000 0.05000 0 0 270000 270000 3521989 1492805 2029184 220086 207232 12854 64561 64561 0 2312038 X 4018869 -1460 -1460 4020329 1485 1485 4021814 3829780 55400 55400 3774380 1485 1485 3775865 PART V, LINE 4: FYI'S ENDOWMENT CONSISTS OF A DONOR-RESTRICTED ENDOWMENT FUND ESTABLISHED FOR THE FUTURE CASH FLOW NEEDS OF THE PROGRAMS. IN FY2020, FYI RESTATED ITS ENDOWMENT NET ASSET CLASSIFICATIONS AS PART OF ITS PRIOR PERIOD ADJUSTMENT, WHICH RESULTED IN A OPENING BALANCE FOR THE ENDOWMENT. PART X, LINE 2: FYI RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DECIDED THAT FYI HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. FYI IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIOD PRIOR TO 2020. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF RESERVE FOR GOVERNMENT GRANTS 55,400. GALA 302624 269624 33000 25938 26780 1750 19093 5K RACE 302624 269624 33000 25938 26780 1750 19093 73561 -40561 X X X 0 0 0 0 0 0 0 0 0 EILEEN LYONS LMSW EXECUTIVE DIRECTOR 159678 0 0 0 0 0 0 0 12830 0 172508 0 0 0 FORM 990, PART I, LINE 1. DESCRIPTION OF ORGANIZATION MISSION: FYI'S LONG-TERM GOAL IS TO ASSIST LOW-INCOME, IMMIGRANT, AND FIRST-GENERATION CHILDREN TO BUILD SECURE FUTURES, HEALTHY LIVES, AND STRONG ACADEMIC ACHIEVEMENT. WE ASSIST 1,300 LOW-INCOME CHILDREN AND TEENS LIVING IN WASHINGTON HEIGHTS/INWOOD TO FLOURISH IN SCHOOL; NAVIGATE TRANSITIONS; GET ON TRACK FOR COLLEGE AND CAREER; AND GIVE BACK TO THE COMMUNITY. HELPING IMMIGRANT AND FIRST-GENERATION YOUTH CONSTITUTES A CORE ELEMENT OF FYI'S MISSION. WE KNOW THAT ADJUSTING TO A NEW LIFE, LANGUAGE AND SCHOOL, WHILE MISSING ALL THAT IS FAMILIAR, IS A HEAVY BURDEN TO BEAR. AND THOUGH PARENTS MAKE SACRIFICES AND WORK HARD TO GIVE THEIR KIDS A BETTER LIFE, MANY LACK THE TIME AND KNOW-HOW TO SUPPORT THEIR CHILDREN'S ACADEMIC ACHIEVEMENT. FYI WORKS TO BRIDGE THE GAP. FYI OPERATES PROGRAMS AT FOUR SITES FROM 165TH TO 204TH STREETS IN NORTHERN MANHATTAN PROVIDING SERVICES DURING AND AFTER THE SCHOOL DAY, EVENINGS AND WEEKENDS. PROGRAMS ADDRESS CHILDREN'S STRENGTHS AND RELATIVE AREAS OF WEAKNESS AND INCLUDE: ACADEMIC INSTRUCTION IN STEM AND LITERACY, ADVISORY, COUNSELING AND CRISIS INTERVENTION, COLLEGE ACCESS AND CAREER GUIDANCE, COMMUNITY SERVICE LEARNING AND LEADERSHIP, SPORTS, THE ARTS, AND RECREATION. FORM 990, PART VI, SECTION B, LINE 11B FYI HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ANY QUESTIONS AND/OR COMMENTS ARE SENT TO THE AUDIT COMMITEE FOR RESOLUTION WITH MANAGEMENT. ONCE ALL QUESTIONS/ISSUES ARE SATISFACTORY AND RESOLVED, EACH BOARD MEMBER VOTES ON WHETHER TO ACCEPT THE FORM 990. ONCE THE BOARD HAS APPROVED, IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY REQUIRING ALL DIRECTORS, OFFICERS, MANAGEMENT, AND STAFF TO SIGN A CONFLICT OF INTEREST AND DISCLOSURE FORM ANNUALLY AND TO AFFIRMATIVELY DISCLOSE POTENTIAL CONFLICTS AS THEY ARISE. THE CONFLICT OF INTEREST POLICY PROHIBITS THOSE INVOLVED WITH FYI FROM IMPROPERLY ENTERING INTO CERTAIN TRANSACTIONS WITH FYI OR USING THEIR RELATIONSHIP WITH FYI IN A MANNER HARMFUL TO FYI. PROHIBITED TRANSACTIONS GENERALLY ARE THOSE WHERE AN INDIVIDUAL OR AN ENTITY, BY REASON OF HIS/HER/THEIR/ITS RELATIONSHIP WITH FYI, RECEIVES A BENEFIT AS A RESULT OF ITS RELATIONSHIP WITH FYI IN A MANNER THAT CONFLICTS WITH THAT INDIVIDUAL'S OR ENTITY'S RELATIONSHIP WITH FYI. IT IS FYI'S POLICY TO PROHIBIT ALL SUCH TRANSACTIONS UNLESS THE EXECUTIVE COMMITTEE OF FYI'S BOARD OF DIRECTORS ("EXECUTIVE COMMITTEE") SPECIFICALLY APPROVES SUCH TRANSACTION, AND AFTER ALL RELEVANT FACTS HAVE BEEN FULLY DISCLOSED TO THE EXECUTIVE COMMITTEE. MORE SPECIFICALLY, THE CONFLICT OF INTEREST POLICY PROHIBITS ANY FYI MEMBER FROM BEING A RELATED PERSON IN A TRANSACTION WITH FYI, WITHOUT INFORMING FYI AND RECEIVING PERMISSION TO DO SO ACCORDING TO THE PROCEDURES DESCRIBED BELOW, OR FROM TAKING CERTAIN ACTIONS THAT ARE CONTRARY TO THE BEST INTEREST OF FYI. IN NO EVENT SHALL AN FYI MEMBER WHO IS RELATED TO THE TRANSACTION OR THE ACTION GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST BE PRESENT OR PARTICIPATE IN ANY DELIBERATIONS, DISCUSSIONS OR VOTE IN CONNECTION WITH THE TRANSACTION OR ACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY. THE PROCESS INVOLVES THE EVALUATION OF THE EXECUTIVE DIRECTOR AND APPROVAL OF COMPENSATION BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS RETAINS SEPARATE DOCUMENTS FOR TRACKING OF THE APPROVAL, INDEPENDENT OF THE RECORD KEEPING KEPT INTERNALLY IN THE ORGANIZATION. THE EXECUTIVE COMMITTEE RETAINS THESE RECORDS ON THEIR OWN. THE LAST TIME THAT THE EXECUTIVE COMMITTEE REVIEWED COMPENSATION WAS 3/23/2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: WRITE OFF OF RESERVE FOR GOVERNMENT GRANTS -55,400. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.