Black Young & Empowered

Nonprofit profile at a glance

EIN
880811677
IRS 990-EZ coverage
2023–2023
Forms available
Form 990-EZ 2023
Location
West Covina, CA, USA
Rating
49
Verdict
MIXED
Rating confidence
Moderate
Sector
Children's, Youth Services

Official website

Reported finances

Revenue
$171,324
Expenses
$166,324
Assets
$25,000

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Sariah Grace (Executive Director)

People named in this filing

  • Sariah Grace (Executive Director)
  • Claire Dickens (Chair)
  • Aisha Spencer (Tresuary and Director of People Sucess)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of Black Young and Empowered B.Y.E. is to empower Black youth by providing them with resources and opportunities for personal and professional development. B.Y.E. aims to challenge and change the historical narratives and systemic barriers that have limited the potential of Black youth. Through comprehensive programs that promote personal growth and professional skills B.Y.E. seeks to create equitable opportunities and foster leadership among Black youth indigenous and other youth of color

What it reported doing in 2023

Financial Empowerment Hub: The Financial Empowerment Hub is a comprehensive platform designed to equip Black youth with essential tools and knowledge in financial literacy and entrepreneurship. This program ensures that young individuals build a solid foundation for future financial success empowering them to navigate and thrive in the economic landscape. Accomplishments: Q1-Q2-Quarterly Financial Literacy Workshops we launched our Financial Literacy Workshops held quarterly to provide foundational financial education to youth. These workshops covered crucial topics such as budgeting saving investing and credit management. Through interactive sessions and practical exercises participants gained valuable skills to manage their finances effectively. Q3-Q4 we started Monthly Financial Literacy Workshops with Guest Speakers. Building on the initial success we expanded our workshops to a monthly schedule featuring guest speakers from various financial and entrepreneurial backgrounds. These experts provided insights into advanced financial concepts and real-world applications inspiring and educating our participants. The inclusion of guest speakers enriched the learning experience offering diverse perspectives and professional advice. Entrepreneurship Simulation ProgramIn addition to financial literacy we introduced a mock-up simulation for entrepreneurship in. This program teaches youth how to acquire knowledge to draft business plans seek funding explore investment opportunities and launch their own businesses. Participants are guided through every step of the entrepreneurial process from ideation to execution. The program also encourages youth to hire their peers to help run their businesses fostering a sense of community and collaboration. This hands-on experience empowers young individuals with the confidence and skills to become successful entrepreneurs. Through these accomplishments the Financial Empowerment Hub has made a significant impact on the financial literacy and entrepreneurial skills of Black youth setting them on a path toward financial independence and success.

Operating model

Revenue model
Other-operating. 92% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 43% for direct work, and 57% for member benefits.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 15
  • Transparency & Controls: 100
  • Sustainability: 32
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 14.9%; rating input score 15
  • Program expense ratio: 15.3%; rating input score 15

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 2.9%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0.15; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 14.9% of revenue deployed · 15.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 5 filed program accomplishments · $26K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 15/100.
  • High — Financial Efficiency: Program expense ratio scored 15/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.