2024-03-22T15:14:30-05:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 043534407 YEAR UP INC YEAR 6175421533 45 MILK STREET 9TH FLOOR BOSTON MA 02110 CHRYSTAL STOKES WILLIAMS CFAO 6175421533 2024-03-19 1 CHRYSTAL STOKES WILLIAMS XXX-XX-XXXX 1 CAITLIN LIMOGES CPA P01633588 5083669100 2024-03-19 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ELLEN MCCLAIN HAIME 45 MILK STREET 9TH FLOOR BOSTON MA 02110 203671737 0 X WWW.YEARUP.ORG X 2000 MA YEAR UP'S MISSION IS TO CLOSE THE OPPORTUNITY DIVIDE BY ENSURING THAT YOUNG ADULTS GAIN THE SKILLS, EXPERIENCES, AND SUPPORT THAT WILL EMPOWER THEM TO REACH THEIR POTENTIAL THROUGH CAREERS AND HIGHER EDUCATION. 20 19 1058 2068 0 0 96779890 90339141 81631764 93521600 55813 1603897 847838 696762 179315305 186161400 23325850 31818228 0 0 103456487 114448151 282617 185755 10402184 35644337 47773378 162709291 194225512 16606014 -8064112 226416191 216203290 49954096 44424922 176462095 171778368 X YEAR UP'S MISSION IS TO CLOSE THE OPPORTUNITY DIVIDE BY ENSURING THAT YOUNG ADULTS GAIN THE SKILLS, EXPERIENCES, AND SUPPORT THAT WILL EMPOWER THEM TO REACH THEIR POTENTIAL THROUGH CAREERS AND HIGHER EDUCATION. 0 0 157996685 31818228 94167831 SEE SCHEDULE O 157996685 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 146 0 1 1058 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD FL CA RI IL WA MA VA NY GA PA SC UT TN WV WI OR OH OK ND NC NM MO MN MI LA KY KS AL AK AR CT HI TX DC ME MS NH NJ NV CO X X CHRYSTAL STOKES WILLIAMS 6175421533 45 MILK STREET 9TH FLOOR BOSTON MA 02110 GERALD CHERTAVIAN FOUNDER & SR. ADVISOR(CEO THRU 11/23) 40.00 X X 602829 0 61639 ELLEN MCCLAIN HAIME CEO & PRESIDENT (CEO AS OF 12/23) 40.00 X 450122 0 58303 SUSAN MURRAY NATIONAL DIRECTOR OF CORPORATE ENGAGEMENT 40.00 X 328185 0 47022 SUZANNE BERGER CAMPAIGN DIRECTOR(UNTIL 12/23) 40.00 X 312201 0 31505 ELYSE ROSENBLUM MANAGING DIRECTOR, GRADS OF LIFE 40.00 X 297054 0 43769 MORRIS APPLEWHITE STRATEGIC ADVISOR 40.00 X 301262 0 34560 CHRYSTAL STOKES WILLIAMS CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER 40.00 X 278954 0 45587 MEREDITH JAREMCHUK CHIEF PROGRAM OFFICER 40.00 X 266096 0 41821 GARY FLOWERS CHIEF TRANSFORMATION & TECHNOLOGY OFFICER 40.00 X 281069 0 23908 JOHN GALANTE MANAGING DIRECTOR, CORPORATE ENGAGEMENT 40.00 X 256663 0 34471 ROBERTO ZELEDON CHIEF MARKETING OFFICER 40.00 X 242222 0 43621 ELISHA PILAR BENTON GILLIAM MANAGING DIRECTOR, SCALABLE SOLUTIONS 40.00 X 256856 0 23169 RONDA THOMPSON CHIEF DIVERSITY, EQUITY, AND INCLUSION OFFICER 40.00 X 244847 0 34625 JOHN BRADLEY SENIOR HR CONSULTANT 40.00 X 241003 0 33843 FREDERICK KRUG MANAGING DIRECTOR, CORPORATE ENGAGEMENT 40.00 X 229158 0 43097 TARA MIMI JENNINGS CHIEF PEOPLE OFFICER 40.00 X 255108 0 11779 CATHERINE ANG NATIONAL DIRECTOR OF ENROLLMENT 40.00 X 226903 0 38957 CATHERINE DOYLE MANAGING DIRECTOR, CORPORATE ENGAGEMENT 40.00 X 229158 0 24618 PAUL EDGERLEY CHAIR 1.00 X X 0 0 0 GREG WALTON VICE CHAIR 1.00 X X 0 0 0 PETER HANDRINOS SECRETARY 1.00 X X 0 0 0 TIM DIBBLE BOARD MEMBER/FINANCE COMMITTEE 1.00 X 0 0 0 JUDY MINER BOARD MEMBER/PROGRAM COMMITTEE 1.00 X 0 0 0 ROD MCCOWAN BOARD MEMBER/REVENUE COMMITTEE CHAIR 1.00 X 0 0 0 CINDY ROBBINS BOARD MEMBER/HUMAN CAPITAL 1.00 X 0 0 0 JIM FOWLER BOARD MEMBER/AUDIT COMMITTEE 1.00 X 0 0 0 RUTH BOWEN BOARD MEMBER/GOV. & NOMINATING COMM. 1.00 X 0 0 0 GARRETT MORAN BOARD MEMBER 1.00 X 0 0 0 ANEL PEREZ BOARD MEMBER 1.00 X 0 0 0 ANGELICA PINEDA BOARD MEMBER 1.00 X 0 0 0 BARBY SIEGEL BOARD MEMBER 1.00 X 0 0 0 WILLIAM GREEN BOARD MEMBER 1.00 X 0 0 0 JARED GOODMAN BOARD MEMBER 1.00 X 0 0 0 JOSEPH BARATTA BOARD MEMBER 1.00 X 0 0 0 GELEANA DREW ALSTON BOARD MEMBER 1.00 X 0 0 0 KAREN REARDON BOARD MEMBER 1.00 X 0 0 0 RESHMA KEWALRAMANI BOARD MEMBER 1.00 X 0 0 0 5299690 0 676294 287 0 1 0 CONNELLY PARTNERS LLC 46 WALTHAM ST 4TH FLOOR BOSTON MA 02118 ADVERTISING 3587154 YEAR UP PROFESSIONAL RESOURCES PO BOX 204082 AUSTIN TX 78720 STAFFING 836546 RAISE FOR GOOD LLC 2261 MARKET STREET SAN FRANCISCO CA 94114 FUNDRAISING CONSULTING 285635 TAGER & COMPANY LLC 33 WEST 19TH STREET 4TH FLOOR NEW YORK NY 10011 RESEARCH, CONSULTING, AND OUTREACH CONSU 185000 4 921664 1240193 88177284 8091815 90339141 PROGRAM SERVICE REVENUE 624310 93521600 93521600 93521600 1826153 1826153 17021531 17243787 -222256 -222256 -222256 94825 921664 266550 -171725 -171725 MISCELLANEOUS 624310 868487 868487 868487 186161400 94167831 0 1654428 31818228 31818228 4540264 2069268 2095789 375207 84230019 65774897 12001887 6453235 3514825 2755584 490763 268478 15797809 13026825 1791806 979178 6365234 4874762 1001410 489062 3250982 3250982 126659 126659 185321 185321 185755 185755 143836 143836 2094002 4271 1710093 379638 4127669 4075404 10704 41561 4573755 2616301 1548689 408765 9185175 7854335 929414 401426 8101753 5677218 2406764 17771 2544794 1686133 621120 237541 4507574 3580619 762388 164567 STUDENT RELATED DIRECT 8931858 8931858 194225512 157996685 25826643 10402184 44224077 4142188 2549650 44326514 72761041 55246923 20745954 20964784 3759907 4323559 42520536 28215338 14621860 14305198 41088619 50431461 26665083 22462663 226416191 216203290 14826529 15502369 3238830 3221079 31888737 25701474 49954096 44424922 X 85403578 86770279 91058517 85008089 176462095 171778368 226416191 216203290 X -8064112 2759285 621100 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15450696 178740 523847 16153283 4300000 11566963 -416267 15450696 4300000 4300000 1.00000 0 0 20638266 14436272 6201994 4057336 2308272 1749064 17824934 11470794 6354140 14305198 INVESTMENT IN YUPRO 3943253 RIGHT-OF-USE ASSET, NET 18519410 22462663 LEASE LIABILITY 25701474 25701474 X PART V, LINE 4: YEAR UP'S ENDOWMENT CONSISTS OF FUNDS FROM FIVE DONORS AT DECEMBER 31, 2023 AND 2022. A PORTION OF THE ENDOWMENT TOTALING TO $14,800,000 IS TO BE USED TO SPONSOR VARIOUS ALUMNI AND COHORT SUPPORT. THE REMAINING PORTION TOTALING TO $2,000,000 IS FOR THE PURPOSE OF PROVIDING SUPPORT TO SPONSOR YEAR UP'S OVERALL MISSION. PART X, LINE 2: THE ENTITY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ENTITY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2023. YEAR UP'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 YEAR UP MAKES ITS RACIALLY NONDISCRIMINATORY POLICIES KNOWN TO THE GENERAL COMMUNITY THROUGH ITS CORPORATE SPONSOR BROCHURE, JOB POSTINGS, ADMISSIONS MATERIAL, THE EMPLOYEE HANDBOOK, AND THE ORGANIZATION'S WEBSITE. SCHEDULE E, PART I, LINE 6 SEE PART II SUPPLEMENTAL INFORMATION. LINE 6- EXPLANATION OF GOVERNMENT FINANCIAL AID YEAR UP RECEIVED GRANTS FROM MASSACHUSETTS EXECUTIVE OFFICE OF LABOR AND WORKFORCE DEVELOPMENT; STATE OF RHODE ISLAND; THE WORKPLACE; NORTHERN VIRGINIA COMMUNITY COLLEGE; MASSACHUSETTS DEPARTMENT OF TRANSITIONAL ASSISTANCE; AND LISC RHODE ISLAND. THE $1,240,193 IN GRANTS WAS FOR DEVELOPMENT TO SUPPORT THE ABOVE MENTIONED STATES. X X X X X X X 1 RAISE FOR GOOD 2261 MARKET STREET 4260 SAN FRANCISCO CA 94114 FUNDRAISING CONNECTIONS AND COACHING 0 1000000 225635 774365 1000000 225635 774365 MD FL CA RI IL WA MA VA NY GA AZ PA SC UT TN WV WI OH OR OK ND NC NM MI MO MN LA KY KS AL AK AR CT HI TX NJ BOSTON GOLF TOURNAMENT 513636 423636 90000 28414 3519 7595 33853 122309 PUGET SOUND PROFESSIONAL OLYMPICS 227733 225483 2250 559 25883 23677 4 275120 272545 2575 2603 3535 5223 600 8780 1016489 921664 94825 31576 7054 38701 34453 154766 266550 -171725 1 STUDENT STIPENDS 7206 28087584 COLLEGE FEES 7206 3461468 STUDENT TRANSPORTATION 769 269175 PART I, LINE 2: EDUCATIONAL STIPENDS ARE DISTRIBUTED TO ALL ENROLLED STUDENTS AND ARE MONITORED AND APPROVED, ON AN ON-GOING BASIS, BY PROGRAM MANAGER, SITE LEADERSHIP AND DIRECTOR OF FINANCIAL OPERATIONS. ALL EDUCATIONAL STIPENDS ARE FULLY DOCUMENTED. A SMALL PORTION OF STUDENT TRANSPORTATION COSTS ARE SUBSIDIZED. STUDENT TRANSPORTATION SUBSIDIES ARE ALSO MONITORED AND APPROVED, ON AN ON-GOING BASIS, BY PROGRAM MANAGER, SITE LEADERSHIP AND DIRECTOR OF FINANCIAL OPERATIONS. TRANSPORTATION SUBSIDIES ARE ALSO FULLY DOCUMENTED. STUDENTS EARN COLLEGE CREDITS THROUGH PROGRAM PARTICIPATION. X X X 0 0 0 0 0 0 0 0 0 GERALD CHERTAVIAN FOUNDER & SR. ADVISOR(CEO THRU 11/23 602829 0 0 0 0 0 30000 0 31639 0 664468 0 0 0 ELLEN MCCLAIN HAIME CEO & PRESIDENT (CEO AS OF 12/23) 450122 0 0 0 0 0 22506 0 35797 0 508425 0 0 0 SUSAN MURRAY NATIONAL DIRECTOR OF CORPORATE ENGAG 328185 0 0 0 0 0 15383 0 31639 0 375207 0 0 0 SUZANNE BERGER CAMPAIGN DIRECTOR(UNTIL 12/23) 312201 0 0 0 0 0 11672 0 19833 0 343706 0 0 0 ELYSE ROSENBLUM MANAGING DIRECTOR, GRADS OF LIFE 297054 0 0 0 0 0 7972 0 35797 0 340823 0 0 0 MORRIS APPLEWHITE STRATEGIC ADVISOR 301262 0 0 0 0 0 9942 0 24618 0 335822 0 0 0 CHRYSTAL STOKES WILLIAMS CHIEF FINANCIAL AND ADMINISTRATIVE O 278954 0 0 0 0 0 13948 0 31639 0 324541 0 0 0 MEREDITH JAREMCHUK CHIEF PROGRAM OFFICER 266096 0 0 0 0 0 10182 0 31639 0 307917 0 0 0 GARY FLOWERS CHIEF TRANSFORMATION & TECHNOLOGY OF 281069 0 0 0 0 0 13582 0 10326 0 304977 0 0 0 JOHN GALANTE MANAGING DIRECTOR, CORPORATE ENGAGEM 256663 0 0 0 0 0 9853 0 24618 0 291134 0 0 0 ROBERTO ZELEDON CHIEF MARKETING OFFICER 242222 0 0 0 0 0 11982 0 31639 0 285843 0 0 0 ELISHA PILAR BENTON GILLIAM MANAGING DIRECTOR, SCALABLE SOLUTION 256856 0 0 0 0 0 12843 0 10326 0 280025 0 0 0 RONDA THOMPSON CHIEF DIVERSITY, EQUITY, AND INCLUSI 244847 0 0 0 0 0 12242 0 22383 0 279472 0 0 0 JOHN BRADLEY SENIOR HR CONSULTANT 241003 0 0 0 0 0 12050 0 21793 0 274846 0 0 0 FREDERICK KRUG MANAGING DIRECTOR, CORPORATE ENGAGEM 229158 0 0 0 0 0 11458 0 31639 0 272255 0 0 0 TARA MIMI JENNINGS CHIEF PEOPLE OFFICER 255108 0 0 0 0 0 11779 0 0 0 266887 0 0 0 CATHERINE ANG NATIONAL DIRECTOR OF ENROLLMENT 226903 0 0 0 0 0 7318 0 31639 0 265860 0 0 0 CATHERINE DOYLE MANAGING DIRECTOR, CORPORATE ENGAGEM 229158 0 0 0 0 0 0 0 24618 0 253776 0 0 0 X 35752 VALUATION BY DONOR X 98109 VALUATION BY DONOR X 20 5422938 FAIR MARKET VALUE X 36 113901 VALUATION BY DONOR X LAPTOPS AND COMPUTER ACCESSORIES 2685 2279265 VALUATION BY DONOR X ADVERTISING CREDIT 1 100000 VALUATION BY DONOR X TRAVEL CERTIFICATES 31 41850 VALUATION BY DONOR 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES U.S. TRUST TO SELL DONATED STOCK. FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENTS: YEAR UP IS A NATIONAL NONPROFIT ORGANIZATION THAT ENABLES YOUNG ADULTS (AGES 18-29) TO MOVE FROM POVERTY TO PROFESSIONAL CAREERS IN ONE YEAR. WE SEEK TO CLOSE THE OPPORTUNITY DIVIDE-THE GAP BETWEEN THOSE WHO HAVE ACCESS TO EDUCATION, RESOURCES, AND LIVING-WAGE EMPLOYMENT, AND THOSE WHO DO NOT. YEAR UP'S MISSION IS TO CLOSE THE OPPORTUNITY DIVIDE BY ENSURING THAT YOUNG ADULTS GAIN THE SKILLS, EXPERIENCES, AND SUPPORT THAT WILL EMPOWER THEM TO REACH THEIR POTENTIAL THROUGH CAREERS AND HIGHER EDUCATION. IN ACHIEVING OUR MISSION, YEAR UP ACTS AS AN "OPPORTUNITY BROKER" BETWEEN YOUNG ADULTS AND CORPORATIONS LACKING ACCESS TO A WELL-TRAINED WORKFORCE AND A PIPELINE OF TALENT FOR APPROXIMATELY 14 MILLION VACANT JOBS THAT COMPANIES WILL STRUGGLE TO FILL BETWEEN NOW AND 2024. FORM 990, PART VI, SECTION B, LINE 11B THE FULL 990 IS REVIEWED IN DETAIL BY THE AUDIT COMMITTEE AT A FULL AUDIT COMMITTEE MEETING WITH OUR 990 PREPARER IN ATTENDANCE. THE CHAIR OF THE AUDIT COMMITTEE THEN REPORTS TO THE BOARD ANY CONCERNS ARISING FROM THE 990 OR STATES THAT THERE WERE NO ISSUES ARISING FROM THE 990 AND ASKS THAT THE FULL BOARD VOTE TO APPROVE THE 990. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL MEMBERS OF THE BOARD AND ALL KEY MANAGEMENT EMPLOYEES MUST SIGN THE CONFLICT OF INTEREST POLICY AND TAKE THIS INTO CONSIDERATION AS PART OF THE DUE DILIGENCE FOR ALL BUSINESS TRANSACTIONS. AFTER A DISCLOSURE OF A FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER A DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE REMAINING BOARD OR COMMITTEE MEMBERS DISCUSS AND DETERMINE BY VOTE WHETHER A CONFLICT OF INTEREST EXISTS. IF A POTENTIAL CONFLICT OF INTEREST EXISTS, A VOTE ON WHETHER OR NOT TO ENTER INTO THE TRANSACTION WILL BE TAKEN BY THE DISINTERESTED DIRECTORS OR MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR UP STAFF MEMBER, INCLUDING THE CEO, RECEIVES A 360 DEGREE REVIEW, WHICH INCLUDES A REVIEW FROM LOCAL OR NATIONAL BOARD FOR SENIOR EXECUTIVES, PRIOR TO RECEIVING A SALARY ADJUSTMENT. THIS REVIEW OCCURS ANNUALLY. INPUTS TO SALARY INCREASE ARE INFORMED BY A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED TO, COMPETENCY, PROFICIENCY, PERFORMANCE, EXPERIENCE, GEOGRAPHY, ORGANIZATIONAL GROWTH AND OVERALL ECONOMY. THE GOVERNING BOARD REVIEWS PERFORMANCE EVALUATIONS, SALARIES AND RECOMMENDATIONS FOR INCREASES FOR ALL YEAR UP EXECUTIVES ANNUALLY TO ENSURE OUR COMPENSATION SYSTEM IS FAIR AND EQUITABLE, AND IN LINE WITH MARKET ANALYSIS. YEAR UP SALARIES AND SALARY BANDS ARE REVIEWED AGAINST MARKET DATA ON AN ON-GOING BASIS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE ON OUR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF SUBSIDIARY 442,360. CHANGES IN PLEDGE DISCOUNT 178,740. FORM 990, PART XII, LINE 2C: THE SELECTION PROCESS HAS NOT CHANGED DURING THE TAX YEAR. YEAR UP PROFESSIONAL RESOURCES 11900 JOLLYVILLE ROAD UNIT 204082 AUSTIN TX 78759 455023664 STAFFING AND RECRUITING DE YEAR UP INC C 5256010 8596683 1.00000 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 1 YEAR UP PROFESSIONAL RESOURCES M 832128 FAIR MARKET VALUE YEAR UP PROFESSIONAL RESOURCES S 179877 FAIR MARKET VALUE