Youth Leadership Incubator Inc HackPlus

EIN: 811543325 501(c)(3) Youth Development

Fremont, CA

Total Revenue
$493,949
Total Expenses
$620,059
Total Assets
$97,660
Net Assets
$97,660
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CA
Principal Officer
SANIL CHAWLA
Phone
4159388088
Tax Period
2023-01-01 to 2023-12-31

Youth Leadership Incubator Inc HackPlus, founded in 2016, is a small nonprofit in the Youth Development sector that reported $494K in total revenue in fiscal year 2023. Expenses of $620K exceeded revenue, resulting in a 26% operating deficit.

Mission

The organization provides infrastructure, resources, software, and guidance to tens of thousands of young people seeking to create a positive impact, both in their communities and in society at large.

Program Service Accomplishments

Program 1
Expenses: $615,604 Revenue: $489,889

Event and org management program: we provide a legal and financial platform, as well as various support and training services, for charitable events and organizations run by young people. In 2023, we...

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Event and org management program: we provide a legal and financial platform, as well as various support and training services, for charitable events and organizations run by young people. In 2023, we facilitated over 500 charitable impact projects, including events, managed by high school students, college students, and other young individuals. Our long term goal is to provide a simple platform for students to launch charitable projects without facing significant start-up costs or operational barriers.

Program 2

Startups platform: we provide educational/advisory support to student- run startups. We provide detailed information on processes involved, and connect student founders to mentors that can support...

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Startups platform: we provide educational/advisory support to student- run startups. We provide detailed information on processes involved, and connect student founders to mentors that can support them. We also partner with software companies to provide free or discounted services to student startups. We continued developing this program in 2023 and supported over 20 student founders from various backgrounds. This program incurs zero costs for us so far and brings in zero revenue; our goal is to scale the program while keeping costs minimal so that student founders have an accessible hub of information and support when they launch startups.

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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 $489,889
Program Service Revenue $0
Investment Income $4,060
Other Revenue $0
TOTAL REVENUE $493,949

Expense Breakdown

Grants Paid $35,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $615,604
Other Expenses $585,059
TOTAL EXPENSES $620,059

Year-over-Year Comparison

2023 2022 Change
Revenue $493,949 N/A N/A
Expenses $620,059 $328,680 +0.9%
Net Income $-126,110 $-328,680 -0.6%
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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
600

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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANIL CHAWLA Executive Director 10.00
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
2023 $493,949 $620,059 $97,660 $-126,110
2022 $547,385 $328,680 $260,931 $218,705
2021 $436,797 $472,151 $42,226 $-35,354
2020 $312,097 $278,964 $77,580 $33,133
2019 $281,719 $298,696 $44,447 $-16,977
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