YOUTH LIFE FOUNDATION OF RICHMOND

EIN: 810569287 501(c)(3)

Richmond, VA

Total Revenue
$630,216
Total Expenses
$538,405
Total Assets
$931,265
Net Assets
$884,434
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
VA
Principal Officer
Heather Goodlett
Tax Period
2024-09-01 to 2025-08-31

YOUTH LIFE FOUNDATION OF RICHMOND, founded in 2002, is a small nonprofit that reported $630K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $538K left a modest 15% surplus.

Mission

The Youth Life Foundation of Richmond operates Learning Centers to develop leaders by making long-term investments in children from under-served communities. By supporting students academically, developing their character from a young age, raising expectations, and investing in their lives through committed mentoring relationships, these youth will rise above their circumstances to become tomorrow's leaders.

Program Service Accomplishments

Program 1
Expenses: $385,886 Revenue: $630,216

Students in Youth Life Learning Centers participate in structured academic enrichment and small group tutoring. 1) Academic Support: YLFR Learning Centers are staffed by certified teachers in order...

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Students in Youth Life Learning Centers participate in structured academic enrichment and small group tutoring. 1) Academic Support: YLFR Learning Centers are staffed by certified teachers in order to provide quality, individualized instruction, and ongoing evaluation of student progress. 2) Small Group tutors: lesson plans are implemented by committed volunteer tutors during Learning Center hours throughout the week, allowing each group to receive personal attention and build trust with caring adults. 3) character development: students focus on meeting high expectations for their social and behavioral development as they grow into responsible members of their communities. 4) Long-term commitment: a unique and vital element of the YLFR model is to invest in children from a young age and stick with them through graduation from high school. 5) Students who have the lowest reading scores and needs meet up to two times per week with reading specialists and we have seen tremendous reading growth as a result.

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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 (2024)

Revenue Breakdown

Contributions & Grants $625,936
Program Service Revenue $0
Investment Income $29,551
Other Revenue $-25,271
TOTAL REVENUE $630,216

Expense Breakdown

Grants Paid $0
Salaries & Benefits $431,218
Fundraising Expenses $70,448
Program Expenses $385,886
Other Expenses $107,187
TOTAL EXPENSES $538,405

Year-over-Year Comparison

2024 2023 Change
Revenue $630,216 $737,425 -0.1%
Expenses $538,405 $437,123 +0.2%
Net Income $91,811 $300,302 -0.7%
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
10
Independent Members
9
Employees
15
Volunteers
200

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
$39,695
Total Directors
10
$39,695
Key Employees
1
$38,195
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heather Goodlett Executive Director & Secretary 20
Officer Director Key Emp
$38,195 $0 $38,195
Elizabeth Siebers Chair 5
Officer Director
$1,500 $0 $1,500
Terren Peterson Former Vice Chair 2
Director
$0 $0 $0
Matt Benko Interim Vice Chair 1
Director
$0 $0 $0
Clay Lyons Treasurer 2
Officer Director
$0 $0 $0
Donald Richard Board Member 0
Director
$0 $0 $0
Sheree Jones Board Meeting 2.50
Officer Director
$0 $0 $0
Jeff Ukrop Board Member 0
Director
$0 $0 $0
Stephen Krieger Board Member 2
Director
$0 $0 $0
Tasha Smith Board Member 0
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
2025 $630,216 $538,405 $931,265 $91,811
2024 No data No data No data No data
2023 $690,548 $517,560 $512,307 $172,988
2022 $600,438 $593,718 $338,525 $6,720
2021 $775,489 $616,217 $331,898 $159,272
2020 $508,954 $507,245 $247,845 $1,709
2019 $521,999 $547,410 $171,418 $-25,411
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