CENTER FOR YOUTH DEVELOPMENT

EIN: 352356690 501(c)(3)

MINNETONKA, MN

Total Revenue
$723,817
Total Expenses
$632,413
Total Assets
N/A
Net Assets
N/A
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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
2009
Legal Domicile
MN
Principal Officer
RAISA BERSTEN
Phone
9523340618
Tax Period
2023-01-01 to 2023-12-31

CENTER FOR YOUTH DEVELOPMENT, founded in 2009, is a small nonprofit that reported $724K in total revenue in fiscal year 2023. Revenue surged 111% from the prior year, signaling strong growth momentum. Expenses of $632K left a modest 13% surplus.

Mission

EDUCATIONAL DEVELOPMENT FOR CHILDREN AND ADULTS WITH LOW INCOME

Program Service Accomplishments

Program 1
Expenses: $632,413 Revenue: $723,817

DURING 2023 SCHOOL YEAR, WE SERVED MORE THAN 145 STUDENTS. 50% OF THEM PARTICIPATED IN LOCAL AND NATIONAL COMPETITIONS. MORE THAN 29 PERFORMANCES AND 35 LESSSONS WERE DONATED TO OUR COMMUNITY. FOUR...

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DURING 2023 SCHOOL YEAR, WE SERVED MORE THAN 145 STUDENTS. 50% OF THEM PARTICIPATED IN LOCAL AND NATIONAL COMPETITIONS. MORE THAN 29 PERFORMANCES AND 35 LESSSONS WERE DONATED TO OUR COMMUNITY. FOUR STUDENTS BECAME US CHAMPIONS IN 2023, THREE STUDENTS WON INTERNATINAL COMPETITIONS

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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 $0
Program Service Revenue $723,817
Investment Income $0
Other Revenue $0
TOTAL REVENUE $723,817

Expense Breakdown

Grants Paid $0
Salaries & Benefits $150,280
Fundraising Expenses $0
Program Expenses $632,413
Other Expenses $482,133
TOTAL EXPENSES $632,413

Year-over-Year Comparison

2023 2022 Change
Revenue $723,817 $343,793 +1.1%
Expenses $632,413 $332,793 +0.9%
Net Income $91,404 $11,000 +7.3%
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
2
Employees
2
Volunteers
2

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
1
$30,000
Total Directors
1
$0
Key Employees
1
$30,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
G BERSTEN PRINCIPAL TEACHER 30.00
Officer
$30,000 $0 $30,000
E BERSTEN TEACHER 5.00
Key Emp
$30,000 $0 $30,000
R BERSTEN PRESIDENT 5.00
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 No data No data No data No data
2023 $723,817 $632,413 No data $91,404
2022 $343,793 $332,793 No data $11,000
2021 $434,314 $360,241 No data $74,073
2020 $224,646 $166,225 No data $58,421
2019 $392,950 $319,763 No data $73,187
2018 $411,198 $353,196 No data $58,002
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