Nonprofit · EIN 56-1755564
TIME OUT YOUTH
Tax-exempt · CHARLOTTE, NC 28205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,501,635 | $1,565,959 | -$64,324 | $3,253,974 | $515,450 | $2,738,524 |
| December 31, 2023 | 990 | $1,335,800 | $1,499,670 | -$163,870 | $3,309,005 | $569,233 | $2,739,772 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,589,775
- Program service revenue
- $0
- Investment income
- -$10,880
- Net gain from sales of assets
- -$13,158
- Net income from fundraising events
- -$80,338
- Other revenue
- -$77,260
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $144,935
- Other salaries and wages
- $848,750
- Salaries, compensation and benefits (total)
- $1,173,415
- Professional fundraising fees
- $0
- Occupancy
- $50,062
- Travel
- $6,049
- Depreciation
- $62,106
- Program services (functional)
- $1,092,959
- Management and general (functional)
- $242,948
- Fundraising (functional)
- $230,052
Balance sheet and other
- Total assets, start of year
- $3,309,005
- Total assets, end of year
- $3,253,974
- Total liabilities, end of year
- $515,450
- Net assets, end of year
- $2,738,524
- Land, buildings and equipment
- $1,350,625
- Net assets without donor restrictions
- $1,524,335
- Net assets with donor restrictions
- $1,214,189
- Gross receipts
- $1,595,131
- Employees
- 17
- Volunteers
- 242
- Year formed
- 1993
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Sarah Mikhail | Executive Dir. Officer | 40 | $134,000 | $10,935 |
| Kathy Giannuzzi | Board Member Trustee or director | 1 | $0 | $0 |
| Katie Keels | Chair Trustee or director, Officer | 3 | $0 | $0 |
| McKinzey Sayers | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Jeffrey Paul Wolff | Vice-Chair Trustee or director, Officer | 2 | $0 | $0 |
| Priya Phillips | Board Member Trustee or director | 1 | $0 | $0 |
| Bryan Quick | Board Member Trustee or director | 1 | $0 | $0 |
| Nick Makansi | Board Member Trustee or director | 1 | $0 | $0 |
| Erin Barbee | Board Member Trustee or director | 1 | $0 | $0 |
| Annie Burquest | Member at Large Trustee or director | 1 | $0 | $0 |
| Kody Timmers | Board Member Trustee or director | 1 | $0 | $0 |
| Travis Stevens | Board Member Trustee or director | 1 | $0 | $0 |
| Solita Royal | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Cramer Mccullen | Board Member Trustee or director | 1 | $0 | $0 |
| Richard Stevens | Board Member Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Abi Dandapani | Board Member Trustee or director | 1 | $0 |
| Andrew Joyner | Board Member Trustee or director | 1 | $0 |
| Asia Washington | Board Member Trustee or director | 1 | $0 |
| Angel Diaz | Board Member Trustee or director | 1 | $0 |
| Ashley Bodie | Board Member Trustee or director | 1 | $0 |
| Tim Gibson | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Katie Keels | Executive Dir. Trustee or director, Officer | 40 | $115,000 | $3,387 |
| Andrew Joyner | Board Member Trustee or director | 1 | $0 | $0 |
| Katie Keels | Chairman Trustee or director, Officer | 3 | $0 | $0 |
| Jeffrey Paul Wolff | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Kathy Gianuzzi | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Mckinney Sayers | Secretary Trustee or director | 1 | $0 | $0 |
| Priya Phillips | Board Member Trustee or director | 1 | $0 | $0 |
| Bryan Quick | Board Member Trustee or director | 1 | $0 | $0 |
| Nick Makansi | Board Member Trustee or director | 1 | $0 | $0 |
| Erin Barbee | Board Member Trustee or director | 1 | $0 | $0 |
| Annie Burquest | Board Member Trustee or director | 1 | $0 | $0 |
| Kody Timmers | Board Member Trustee or director | 1 | $0 | $0 |
| Travis Stevens | Board Member Trustee or director | 1 | $0 | $0 |
| Solita Royal | Board Member Trustee or director | 1 | $0 | $0 |
| Cramer McCullen | Board Member Trustee or director | 1 | $0 | $0 |
| Richard Stevens | Board Member Trustee or director | 1 | $0 | $0 |
| Abi Dandapani | Board Member Trustee or director | 1 | $0 | $0 |
| Asia Washington | Director Trustee or director | 1 | $0 | $0 |
| Angel Diaz | Director Trustee or director | 1 | $0 | $0 |
| Ashley Brodie | Director Trustee or director | 1 | $0 | $0 |
| Tim Gibson | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3800 MONROE RD, CHARLOTTE, NC 28205-7738
- Principal officer (990 for 2024)
- Sarah Mikhail, 3800 Monroe Rd, Charlotte, NC 28205
- Signed the 990
- Sarah Mikhail, Executive Dir.
- Phone
- (704) 344-8335
- Website
- WWW.TIMEOUTYOUTH.ORG
- Return prepared by
- Foard and Company PA
Mission
TO OFFER SUPPORT, ADVOCACY, AND OPPORTUNITIES FOR PERSONAL DEVELOPMENT AND SOCIAL INTERACTION TO LESBIAN, GAY, BISEXUAL, TRANSGENDER AND QUESTIONING (LGBTQ) YOUTH AGES 13-24.
Program accomplishments
- Housing & Supportive Services - 140 youth accessed housing case management services, and the Center successfully housing 37 young people who were previously houseless. The Center's Life Essentials Closet was accessed 289 times, 245 meals were provided, and youth received over $42,000 in direct financial assistance.Expenses $452,638
- Youth & Community Programs Youth Programs served a total of 1.477 undulpilcated youth tyhrough drop-in space, virtual space, and youth facing events. Time Out Youth saw 236 new youth in 2024, and expanded its offerings to include more identity-specific programming. 2,967 people were reached through trainings, presentaions, and community events.Expenses $439,085
- Free Therapy - 55 youth received 576 hours of free therapy. In addition, Clinical staff led mental health discussion virtually, and provided linage to crisis resources throughout the year.Expenses $201,236
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1755564
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X20Z)
- Assets (IRS master file)
- $3,253,974
- Income (IRS master file)
- $1,595,131
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,501,635 | $1,565,959 | $3,253,974 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,335,800 | $1,499,670 | $3,309,005 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $950,506 | $1,321,568 | $3,408,812 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1755564).
Questions about TIME OUT YOUTH
- What is the EIN of TIME OUT YOUTH?
- The employer identification number (EIN) of TIME OUT YOUTH is 56-1755564.
- Is TIME OUT YOUTH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to TIME OUT YOUTH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TIME OUT YOUTH file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TIME OUT YOUTH due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TIME OUT YOUTH last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TIME OUT YOUTH?
- The 990 for the year ended December 31, 2024 names Sarah Mikhail.
- Who are the officers and directors of TIME OUT YOUTH?
- The 990 for the year ended December 31, 2024 lists 21 people; 1 received compensation from the organization, the highest $134,000 (Sarah Mikhail, Executive Dir.).
- How much revenue does TIME OUT YOUTH have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,501,635, expenses of $1,565,959 and total assets of $3,253,974 at year end.
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