Audit Reports and 990s
Joint Cost Activities
Youth INC’s unique venture philanthropy model uses events as vehicles to both fundraise as well as deliver programs that help our partners become sustainable, growing organizations. Our integrated approach requires allocating costs to both programs and fundraising, the details of which are found in our Form 990. As a result, in accordance with the Financial Accounting Standards Board (FASB) and the Internal Revenue Service (IRS), we allocate a portion of event costs to program services and to fundraising activities. In accordance with Charity Navigator’s best practices guidance, we seek to highlight this and provide transparency into our all our joint cost events, the details of which are noted below. If you have questions, please contact email@example.com.
The Celebration Program, a year-long fundraising training program, provides grassroots nonprofits with the knowledge, skills, and tools to engage new supporters, raise more funds, and deliver more opportunities to youth.
RBC Race for the Kids
RBC Race for the Kids is a family-friendly day of athletics and activities supported by title sponsor Royal Bank of Canada. The program includes 2-3 Youth INC nonprofits each year and provides an onramp to a thriving corporate partnership. The Race also serves as a vehicle for individuals to raise funds for and become connected with 7 youth-serving nonprofit organizations. The event is comprised of a 4K run, RBC Challenge Crossfit-style competition, Kids Zone, Sports Zone, picnic and more. In addition to the programmatic portion of this event benefitting Youth INC nonprofit partners, Youth INC also raises dollars to support its own operations through the Race.
RBC Trade for the Kids
RBC Trade for the Kids is a one-day charity event hosted by RBC Capital Markets benefitting Youth INC and a number other youth-serving charities. Youth INC brings young people from our nonprofit partners to a Mentor Day at RBC to expose them to career possibilities in financial services. Youth INC presents our work with nonprofit partners to RBC employees and seeks to engage employees to get involved by serving on a nonprofit board. Youth INC also hosts numerous volunteer days for RBC employees with a large number of Youth INC nonprofit partners. These efforts all directly help advance our mission to improve the lives of youth through our programs that bridge the business community with the social impact sector.
Trading Week for Kids
Trading Week for Kids creates an opportunity to educate and engage a number of companies with Youth INC’s nonprofit partners. Each year, students visit Nasdaq and learned about the financial markets before ringing the Nasdaq Closing or Opening Bell. The funds raised enable Youth INC to provide all its programs free of charge to the nonprofit sector.
Youth INC’s annual State of the Market Conference is one of our signature events that leverages financial luminaries, government leaders and philanthropists speaking on a wide variety of topics to create awareness among the business community about the needs of young people in NYC and how Youth INC helps the nonprofits that serve them. In this captive audience, we seek to engage individuals and their companies further in our programs as Board members and corporate partners.