EXALT YOUTH

EIN: 205540955 501(c)(3) Youth Development

NEW YORK, NY

Total Revenue
$4,024,924
Total Expenses
$7,526,792
Total Assets
$7,809,577
Net Assets
$5,855,530
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Principal Officer
GISELE CASTRO
Phone
3476216100
Tax Period
2023-07-01 to 2024-06-30

EXALT YOUTH, founded in 2006, is a community nonprofit in the Youth Development sector that reported $4.0M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $7.5M exceeded revenue, resulting in a 87% operating deficit.

Mission

EXALT YOUTH SERVES YOUTH INVOLVED IN THE CRIMINAL JUSTICE SYSTEM, MOVING THEM AWAY FROM INCARCERATION TOWARDS RE-ENGAGEMENT WITH EDUCATION AND MEANINGFUL JOB OPPORTUNITIES. OUR STUDENTS COME FROM SOME OF THE MOST ECONOMICALLY DEPRESSED NEIGHBORHOODS IN NEW YORK AND ARE OFTEN FACING POTENTIALLY LIFE ALTERING CIRCUMSTANCES. THE EXALT MISSION COMBINES A RIGOROUS CURRICULUM WITH PAID INTERNSHIPS AND CAREER DEVELOPMENT TO ELEVATE EXPECTATIONS OF PERSONAL SUCCESS FOR COURT-INVOLVED YOUTH AGES 15-19. EXALT IS DEEPLY COMMITTED TO RACIAL EQUITY AND JUSTICE FOR YOUTH IN THREE SPECIFIC AREAS: 1) CRIMINAL JUSTICE AVOIDANCE; 2) ACADEMIC PROGRESSION; AND 3) EMPLOYABILITY. OUR MODEL IS BUILT UPON OUR TESTED INCUBATION PERIOD AT THE BLUE RIDGE FOUNDATION IN 2006 AND GOLD STAR EVALUATION BY JOHN JAY RESEARCH AND EVALUATION CENTER IN 2013.

Program Service Accomplishments

Program 1
Expenses: $5,807,592

EXALT YOUTH IS AN ORGANIZATION DESIGNED SPECIFICALLY FOR YOUTH INVOLVED IN THE CRIMINAL JUSTICE SYSTEM. WE SERVE YOUTH AGES 15-19 ANNUALLY, 78% MALE, 21% FEMALE, AND 1% UNKNOWN. PROGRAM PARTICIPANTS...

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EXALT YOUTH IS AN ORGANIZATION DESIGNED SPECIFICALLY FOR YOUTH INVOLVED IN THE CRIMINAL JUSTICE SYSTEM. WE SERVE YOUTH AGES 15-19 ANNUALLY, 78% MALE, 21% FEMALE, AND 1% UNKNOWN. PROGRAM PARTICIPANTS COME FROM NEW YORK CITY'S POOREST ZIP CODES, AND ALL FACE A HOST OF BARRIERS SUCH AS MULTI-GENERATIONAL POVERTY, FOSTER CARE INVOLVEMENT, LOW EDUCATIONAL SKILLS, INCARCERATED PARENT(S), RACIAL MARGINALIZATION, AND LIVING IN HOUSEHOLDS WITH LITTLE SUPPORT IN WHICH THEY ARE OFTEN CAREGIVERS FOR SIBLINGS OR SICK RELATIVES. EXALT'S SIGNATURE 21-WEEK CORE PROGRAM IS DESIGNED TO ADDRESS THREE PRIMARY FACTORS: CRIMINAL JUSTICE AVOIDANCE, EDUCATIONAL ATTAINMENT, AND EMPLOYABILITY. THE PROGRAM CONSISTS OF THE FOLLOWING FOUR COMPONENTS: 1) FOUNDATIONAL LIFE SKILLS (CRITICAL THINKING, COMMUNICATION, CREATIVE PROBLEM-SOLVING, AND RESOURCE MANAGEMENT THROUGH PRE- AND POST-INTERNSHIP CLASSES); 2) INDIVIDUALIZED PLANNING AND SUPPORT (GOAL SETTING AND EFFECTIVE EDUCATION/COURT ADVOCACY STRATEGIES TO HELP STUDENTS SUCCESSFULLY NAVIGATE THE EDUCATIONAL AND LEGAL SYSTEMS); 3) PAID INTERNSHIPS (EXPOSURE TO DIVERSE CAREER OPPORTUNITIES THROUGH OUR PARTNERSHIPS WITH OVER 100 BUSINESSES ACROSS NYC); AND 4) ALUMNI NETWORK (PAID GRADUATE PROGRAMMING THAT INCLUDES EXTENDED INTERNSHIPS, INDIVIDUAL EDUCATION/CAREER COUNSELING, AND MONTHLY COLLEGE/CAREER WORKSHOPS).

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,054,828
Program Service Revenue $0
Investment Income $39,937
Other Revenue $-69,841
TOTAL REVENUE $4,024,924

Expense Breakdown

Grants Paid $50,038
Salaries & Benefits $4,295,866
Fundraising Expenses $1,074,265
Program Expenses $5,807,592
Other Expenses $3,180,888
TOTAL EXPENSES $7,526,792

Year-over-Year Comparison

2023 2022 Change
Revenue $4,024,924 $7,321,894 -0.5%
Expenses $7,526,792 $6,030,499 +0.2%
Net Income $-3,501,868 $1,291,395 -3.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
47
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$446,178
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YUMARI L MARTINEZ CHAIR 1.00
Officer Director
$0 $0 $0
LAMSON LAM VICE CO-CHAIR 1.00
Officer Director
$0 $0 $0
LISETTE NIEVES VICE CO-CHAIR 1.00
Officer Director
$0 $0 $0
RUTH L FROMMER TREASURER 1.00
Officer Director
$0 $0 $0
KUNAL DAS SECRETARY 1.00
Officer Director
$0 $0 $0
ANA BERMUDEZ DIRECTOR 1.00
Director
$0 $0 $0
DANZEY BURNHAM DIRECTOR 1.00
Director
$0 $0 $0
DARNISA AMANTE DIRECTOR (THROUGH 06/24) 1.00
Director
$0 $0 $0
ED CARSON DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH ELSTON DIRECTOR (THROUGH 03/24) 1.00
Director
$0 $0 $0
LANCE CLARKE DIRECTOR 1.00
Director
$0 $0 $0
MAGGIE BURROWS DIRECTOR 1.00
Director
$0 $0 $0
RONALD SCHNEIDER DIRECTOR (THROUGH 05/24) 1.00
Director
$0 $0 $0
SEAN GLEASON DIRECTOR 1.00
Director
$0 $0 $0
STASHA SANTIFORT DIRECTOR 1.00
Director
$0 $0 $0
GISELE CASTRO CHIEF EXECUTIVE OFFICER 35.00
Officer
$241,443 $24,208 $265,651
ANDREA FEDUZI CHIEF OPERATING OFFICER 35.00
Officer
$172,023 $8,504 $180,527
INGA GLODOWSKI DIRECTOR OF DEVELOPMENT 35.00
Highest
$121,823 $18,254 $140,077
MARCELO NIGRI DIRECTOR OF FINANCE 35.00
Highest
$138,474 $24,033 $162,507
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $4,024,924 $7,526,792 $7,809,577 $-3,501,868
2023 $7,321,894 $6,030,499 $11,524,899 $1,291,395
2022 $8,836,761 $4,473,971 $8,260,540 $4,362,790
2021 $3,662,052 $3,170,765 $4,080,926 $491,287
2020 $2,044,952 $2,651,423 $3,463,980 $-606,471
2019 $3,184,058 $1,815,310 $3,750,259 $1,368,748
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