YOUTH BUSINESS INITIATIVE

EIN: 850594373 501(c)(3) Youth Development

Norwalk, CT

Total Revenue
$300,462
Total Expenses
$246,660
Total Assets
$173,603
Net Assets
$173,603
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CT
Principal Officer
Dajuan Wiggins
Phone
2039529580
Tax Period
2025-01-01 to 2025-12-31

YOUTH BUSINESS INITIATIVE, founded in 2020, is a small nonprofit in the Youth Development sector that reported $300K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $54K, a strong 18% operating margin.

Mission

Youth Business Initiative also know as YBI, is committed to empowering underprivileged youth with workforce readiness & business development skills for community development. YBI advances its mission with workforce readiness and business development program initiatives that serve high school students interested in Economics for Youth.

Program Service Accomplishments

Program 1
Expenses: $87,809 Revenue: $0

YAP Youth Advancement Program: YAP engages youth through interactive activities to enable them to reach and expand their potential and exposure to advance in society. Students utilize their creative...

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YAP Youth Advancement Program: YAP engages youth through interactive activities to enable them to reach and expand their potential and exposure to advance in society. Students utilize their creative and critical thinking skills throughout the after school program. We create a unique, open space for children between ages 10-14 to comfortably express themselves. Active mentors serve as program facilitators to build trust with each individual involved by acting as positive role models in a fun-filled environment. After School Program Activities: Arts & crafts Team & Youth Development Games Photography/videography Personal Financial Management Development Mentorship Field trips & more Student group: Middle School

Program 2
Expenses: $69,409 Revenue: $0

Summer Entrepreneurship 101 Program We train youth in Business Development, Finance & Accounting, Marketing & Branding, Communication and Etiquette, and Public Speaking. Through entrepreneurship...

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Summer Entrepreneurship 101 Program We train youth in Business Development, Finance & Accounting, Marketing & Branding, Communication and Etiquette, and Public Speaking. Through entrepreneurship sessions, students explore all the options of researching and bringing a business idea to a full business plan. Our students learn basic business terms along with finding their strengths and weaknesses. Students then create their business SWOT Analysis, Mission Statements, Governance, Operations, and Finance structure. We also address professional communication and etiquette. We stress the importance of their first impression in building a business relationship. At the end of the term, students complete in a business competition our version of "Shark Tank" event with community based and sector judges who award business seed money to the student group. Student Group: High School

Program 3
Expenses: $59,585 Revenue: $0

Workforce Development Program YBI's Workforce Development program shapes the lives of Fairfield County's next generation of leaders from disadvantaged backgrounds with the opportunity to learn...

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Workforce Development Program YBI's Workforce Development program shapes the lives of Fairfield County's next generation of leaders from disadvantaged backgrounds with the opportunity to learn professional business etiquette, job skills, resume and career building. Students develop a deeper understanding about the process of developing, obtaining, and maintaining the daily functions in a workplace. Now also located in Stamford. Partnered with C.O.R.N.E.R.S Community. Student group: High School

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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 (2025)

Revenue Breakdown

Contributions & Grants $297,467
Program Service Revenue $0
Investment Income $2,995
Other Revenue $0
TOTAL REVENUE $300,462

Expense Breakdown

Grants Paid $0
Salaries & Benefits $116,720
Fundraising Expenses $0
Program Expenses $216,803
Other Expenses $129,940
TOTAL EXPENSES $246,660

Year-over-Year Comparison

2025 2024 Change
Revenue $300,462 $268,808 +0.1%
Expenses $246,660 $278,606 -0.1%
Net Income $53,802 $-9,798 -6.5%
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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Governance

Voting Members
6
Independent Members
5
Employees
3
Volunteers
11

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
$80,382
Total Directors
6
$80,382
Key Employees
1
$20,800
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dajuan Wiggins CEO and Executive Director 45
Officer Director Highest
$80,382 $0 $80,382
Holley Nia Program Staff 20.00
Key Emp
$20,800 $0 $20,800
Anthony Wilson Board Member 2
Director
$0 $0 $0
Darren Felder Board Member 2
Director
$0 $0 $0
Anamilena Moreno Board Member 2
Director
$0 $0 $0
Angelique Charon Board Member 2
Director
$0 $0 $0
Michael Crafter Board Chair 2
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 $300,462 $246,660 $173,603 $53,802
2024 $268,808 $278,606 $145,701 $-9,798
2023 $397,508 $253,312 $204,687 $144,196
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