LEADING YOUTH THROUGH EMPOWERMENT

EIN: 471867733 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$1,160,060
Total Expenses
$834,861
Total Assets
$765,297
Net Assets
$733,853
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
DE
Principal Officer
ANKUR ARYA
Phone
3027865983
Tax Period
2023-01-01 to 2023-12-31

LEADING YOUTH THROUGH EMPOWERMENT, founded in 2014, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $325K, a strong 28% operating margin.

Mission

LYTE BELIEVES ACADEMIC SUCCESS IS FOUNDATIONAL TO LIFELONG SUCCESS. LYTE STRIVES TO CHANGE THE ACADEMIC TRAJECTORY OF UNDER-REPRESENTED YOUTH BY PREPARING MIDDLE SCHOOL STUDENTS TO ATTEND RIGOROUS HIGH SCHOOL PROGRAMS AND THEN COLLEGES, THROUGH PERSONAL MENTORING, RIGOROUS TEACHING, AND LEADERSHIP.

Program Service Accomplishments

Program 1
Expenses: $649,183 Revenue: $291,750

LYTE PROVIDES FIVE TIERS OF AFTER SCHOOL AND SUMMER ACADEMIC CLASSES TO PREPARE LOW-INCOME AND MINORITY STUDENTS FOR RIGOROUS HIGH SCHOOL PROGRAMS, AND COLLABORATES WITH OVER 50 SCHOOLS THROUGHOUT...

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LYTE PROVIDES FIVE TIERS OF AFTER SCHOOL AND SUMMER ACADEMIC CLASSES TO PREPARE LOW-INCOME AND MINORITY STUDENTS FOR RIGOROUS HIGH SCHOOL PROGRAMS, AND COLLABORATES WITH OVER 50 SCHOOLS THROUGHOUT DELAWARE TO ADVOCATE FOR THESE STUDENTS AND CREATE ALTERNATIVE PATHWAYS FOR THEM. LYTE ASSISTS STUDENTS IN NAVIGATING THE HIGH SCHOOL CHOICE PROCESS AND TO GAIN ACCESS TO TOP HIGH SCHOOL PROGRAMS. LYTE GUIDES STUDENTS THROUGH HIGH SCHOOL WITH TRANSITION SUPPORT, ACADEMIC TUTORING, PROFESSIONAL DEVELOPMENT, SOCIO-EMOTIONAL TRAINING, INTERNSHIP OPPORTUNITIES AND ADVOCACY. ALMOST ALL LYTE SCHOLARS WILL BE THE FIRST-GENERATION TO ATTEND COLLEGE IN THEIR FAMILIES, AND LYTE WORKS WITH THEM AND THEIR PARENTS TO GUIDE THEM THROUGH THE COLLEGE ADMISSIONS AND FINANCIAL AID PROCESSES.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $868,310
Program Service Revenue $291,750
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,160,060

Expense Breakdown

Grants Paid $0
Salaries & Benefits $597,203
Fundraising Expenses $0
Program Expenses $649,183
Other Expenses $237,658
TOTAL EXPENSES $834,861

Year-over-Year Comparison

2023 2022 Change
Revenue $1,160,060 $626,949 +0.9%
Expenses $834,861 $758,866 +0.1%
Net Income $325,199 $-131,917 -3.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
11
Volunteers
68

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
5
$107,342
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA LESSNER PRESIDENT 3.00
Officer Director
$0 $0 $0
ZACH BEATTIE VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
ARATI KOHLI SECRETARY 3.00
Officer Director
$0 $0 $0
CLINT WALKER TREASURER 3.00
Officer Director
$0 $0 $0
PILAR KRAMAN BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL HARAD BOARD MEMBER 1.00
Director
$0 $0 $0
TAMARA DEFER BOARD MEMBER 1.00
Director
$0 $0 $0
BENESSA REID BOARD MEMBER 1.00
Director
$0 $0 $0
JEANANA LLOYD BOARD MEMBER 1.00
Director
$0 $0 $0
KATHRYN A PINCUS BOARD MEMBER 1.00
Director
$0 $0 $0
ROSSANA ARTEAGA-LOPENZA BOARD MEMBER 1.00
Director
$0 $0 $0
MOLLY MCPHEETE BOARD MEMBER 1.00
Director
$0 $0 $0
ANKUR ARYA EXECUTIVE DIRECTOR 40.00
Officer
$92,834 $14,508 $107,342
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 $1,160,060 $834,861 $765,297 $325,199
2022 $626,949 $758,866 $424,720 $-131,917
2021 $907,914 $517,237 $590,050 $390,677
2020 $160,341 $377,055 $179,381 $-216,714
2019 $173,006 $277,432 $331,871 $-104,426
2018 $427,910 $103,039 $411,799 $324,871
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