THE YOUNG ENTREPRENEURS ACADEMY INC

EIN: 300513715 501(c)(3) Youth Development

PITTSFORD, NY

Total Revenue
$249,861
Total Expenses
$270,223
Total Assets
$66,293
Net Assets
$-5,628
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
GAYLE JAGEL
Tax Period
2023-07-01 to 2024-06-30

THE YOUNG ENTREPRENEURS ACADEMY INC, founded in 2008, is a small nonprofit in the Youth Development sector that reported $250K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

TO OPERATE A GROUNDBREAKING PROGRAM THAT TAKES STUDENTS IN GRADES SIX THROUGH TWELVE THROUGH THE PROCESS OF STARTING AND RUNNING A REAL BUSINESS OVER THE COURSE OF A FULL ACADEMIC YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $73,194
Program Service Revenue $176,667
Investment Income $0
Other Revenue $0
TOTAL REVENUE $249,861

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,543
Fundraising Expenses $13,511
Program Expenses $205,371
Other Expenses $182,680
TOTAL EXPENSES $270,223

Year-over-Year Comparison

2023 2022 Change
Revenue $249,861 $201,919 +0.2%
Expenses $270,223 $127,796 +1.1%
Net Income $-20,362 $74,123 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
3
Employees
1
Volunteers
6200

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK BARON CHAIR 0.20
Officer Director
$0 $0 $0
TROY MCLELLAN DIRECTORCHAIR 0.20
Officer Director
$0 $0 $0
GAYLE JAGEL PRESIDENT & CEO 40.00
Officer Director
$0 $0 $0
KEVIN HALPIN SECRETARY 0.20
Officer Director
$0 $0 $0
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
2024 $249,861 $270,223 $66,293 $-20,362
2023 $201,919 $127,796 $90,242 $74,123
2022 $262,429 $362,127 $43,212 $-99,698
2021 $326,928 $474,552 $192,804 $-147,624
2020 $699,167 $507,075 $671,955 $192,092
2020 $548,497 $509,413 $319,541 $39,084
2019 $675,859 $774,839 $863,881 $-98,980
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