Youth Life Foundation of Richmond
Nonprofit profile at a glance
- EIN
- 810569287
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Richmond, VA, USA
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $630,216
- Expenses
- $538,405
- Assets
- $931,265
- Liabilities
- $46,831
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Heather Goodlett (Executive Director & Secretary)
Highest reported compensation
- Heather Goodlett (Executive Director & Secretary): $38,195 total reported compensation
- Elizabeth Siebers (Chair): $1,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Youth Life Foundation of Richmond operates Learning Centers to develop leaders by making long-term investments in children from under-served communities. By supporting students academically, developing their character from a young age, raising expectations, and investing in their lives through committed mentoring relationships, these youth will rise above their circumstances to become tomorrow's leaders.
What it reported doing in 2024
Students in Youth Life Learning Centers participate in structured academic enrichment and small group tutoring. 1) Academic Support: YLFR Learning Centers are staffed by certified teachers in order to provide quality, individualized instruction, and ongoing evaluation of student progress. 2) Small Group tutors: lesson plans are implemented by committed volunteer tutors during Learning Center hours throughout the week, allowing each group to receive personal attention and build trust with caring adults. 3) character development: students focus on meeting high expectations for their social and behavioral development as they grow into responsible members of their communities. 4) Long-term commitment: a unique and vital element of the YLFR model is to invest in children from a young age and stick with them through graduation from high school. 5) Students who have the lowest reading scores and needs meet up to two times per week with reading specialists and we have seen tremendous reading growth as a result.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 83
- Accountability: 80
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63%; rating input score 63
- Program expense ratio: 71.7%; rating input score 72
- Fundraising efficiency: $8.89 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 23rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 14.6%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 1.73; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 7.4%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 3% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 7.5% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 18.5% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 63% of revenue deployed · 71.7% of spending went to programs
- Governance: 9 of 10 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $386K in reported program spending
- Leadership: top reported pay $38K · 10 people listed
- Consistency: 43 of 44 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.