Youth Villages
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$37,129,554.00
Projected Expenses
$35,919,769.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Youth Villages IRS Letter | 2016 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $373,899,143.00 | $291,474,634.00 | $342,001,828.00 |
| Total Expenses | $327,180,463.00 | $276,922,661.00 | $256,832,799.00 |
| Revenue Less Expenses | $46,718,680.00 | $14,551,973.00 | $85,169,029.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $34,629,329.00 | $0.00 |
| Government - Federal | $0.00 | $10,447,826.00 | $1,019,119.00 |
| Government - State | $0.00 | $0.00 | $87,454,628.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $51,746.00 | $0.00 |
| Contributions, Gifts, and Grants | $2,715,341.00 | $24,181,502.00 | $10,263,142.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $34,318,689.00 | $242,423,469.00 | $148,651,242.00 |
| Investment Income, Net of Losses | $339,184,373.00 | $97,486.00 | $64,696,282.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $672,781.00 | $0.00 | $554,182.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $396,081.00 | $224,779.00 | $29,363,233.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $276,418,107.00 | $236,314,211.00 | $214,259,137.00 |
| Administration Expense | $45,778,607.00 | $40,608,450.00 | $38,827,287.00 |
| Fundraising Expense | $4,983,749.00 | $0.00 | $3,746,375.00 |
| Total Revenue/Total Expenses | 114% | 105% | 133% |
| Program Expense/Total Expenses | 84% | 85% | 83% |
| Fundraising Expense/Contributed Revenue | 2% | 0% | 1% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Investment Income $339,184,373.00 | Program Revenue $242,423,469.00 | Program Revenue $148,651,242.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $34,318,689.00 | Foundation and Corporations $34,629,329.00 | State Government Grants $87,454,628.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $2,715,341.00 | Contributions, Gifts, and Grants $24,181,502.00 | Investment Income $64,696,282.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $681,965,771.00 | $250,415,555.00 | $488,246,175.00 |
| Current Assets | $461,035,977.00 | $148,892,366.00 | $379,904,445.00 |
| Long-Term Liabilities | $6,638,947.00 | $0.00 | $0.00 |
| Current Liabilities | $32,824,387.00 | $24,330,366.00 | $21,856,127.00 |
| Total Net Assets | $581,965,771.00 | $226,085,189.00 | $466,390,048.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$211,553,220.00
What is the spending policy for your endowment?
N/A
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures are taken from the national audit, which includes Youth Villages and its foundation. Youth Villages, Inc. operates in 11 states as well as the District of Columbia. Budget projections reflect Middle Tennessee programs only. Financial figures in 990 and audit reflect total multi-state operations. Financial documents completed by Watkins Uiberall, PLLC. Comments provided by Hayley Sulfridge 3/12/24. |
