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Nonprofit · EIN 85-0594373

YOUTH BUSINESS INITIATIVE

Tax-exempt · NORWALK, CT 06851

Financials

$398K$253K2023$269K$279K2024$300K$247K2025
Revenue Expenses · by fiscal year end
Financials of YOUTH BUSINESS INITIATIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$300,462$246,660$53,802$173,603$0$173,603
December 31, 2024990$268,808$278,606-$9,798$145,701$0$145,701
December 31, 2023990$397,508$253,312$144,196$204,687$0$204,687
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$297,467
of which government grants
$115,485
Program service revenue
$0
Investment income
$2,995
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$63,917
Other salaries and wages
$15,320
Salaries, compensation and benefits (total)
$116,720
Professional fundraising fees
$0
Legal fees
$898
Accounting fees
$3,960
Occupancy
$62,449
Travel
$797
Program services (functional)
$216,803
Management and general (functional)
$29,857

Balance sheet and other

Total assets, start of year
$145,701
Total assets, end of year
$173,603
Total liabilities, end of year
$0
Net assets, end of year
$173,603
Land, buildings and equipment
$7,876
Net assets without donor restrictions
$173,603
Gross receipts
$300,462
Employees
3
Volunteers
11
Year formed
2020
State of legal domicile
CT

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Dajuan WigginsCEO and Executive Director
Trustee or director, Officer, Highest-paid employee
45$80,382
Holley NiaProgram Staff
Key employee
20$20,800
Anthony WilsonBoard Member
Trustee or director
2$0
Darren FelderBoard Member
Trustee or director
2$0
Anamilena MorenoBoard Member
Trustee or director
2$0
Angelique CharonBoard Member
Trustee or director
2$0
Michael CrafterBoard Chair
Trustee or director
2$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
Dajuan WigginsCEO and Executive Director
Trustee or director
40$70,286
Holley NiaProgram Staff
Highest-paid employee
7$12,400
Reid ChristianProgram Staff
Key employee
5.5$9,800
Brito YenesisProgram Staff
Highest-paid employee
5$5,500
Michael CrafterBoard Member
Trustee or director
0.5$0
Anthony WilsonBoard Member
Trustee or director
0.5$0
Darren FelderBoard Member
Trustee or director
0.5$0
Anamilena MorenoBoard Member
Trustee or director
0.5$0
Angelique CharonBoard Member
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
Dajuan WigginsCEO and Executive Director
Key employee
35$39,201
Michael CrafterBoard Member
Officer
0.5$0
Anthony WilsonBoard Member
Officer
0.5$0
Jadon WashingtonBoard Member
Officer
0.5$0
Darren FelderBoard Member
Officer
0.5$0
Anamilena MorenoBoard Member
Officer
0.5$0

Address and contacts

Address (IRS master file)
304 MAIN AVENUE 147, NORWALK, CT 06851-6167
In care of
% DAJUAN WIGGINS
Mailing address (990-N for 2020)
68 South Main st, norwalk CT CT 06854
Principal officer (990 for 2025)
Dajuan Wiggins, 1 Chestnut Street, Norwalk, CT 06854
Principal officer (990-N for 2020)
Dajuan Wiggins, 9 eclipse ave, Norwalk CT 06851
Signed the 990
Dajuan Wiggins, Executive Director & CEO
Phone
(203) 952-9580
Website
ybict.org

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.

990 for the year ended December 31, 2025

Program accomplishments

  • 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
    Expenses $87,809
  • 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
    Expenses $69,409
  • 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
    Expenses $59,585

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-0594373
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
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$173,603
Income (IRS master file)
$300,462

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$300,462$246,660$173,603XML
990December 2024$268,808$278,606$145,701XML
990December 2023$397,508$253,312$204,687XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-N for 2020
Officer: Dajuan Wiggins
December 31, 2020≤ $50,000 receipts––e-Postcard

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 85-0594373).

Questions about YOUTH BUSINESS INITIATIVE

What is the EIN of YOUTH BUSINESS INITIATIVE?
The employer identification number (EIN) of YOUTH BUSINESS INITIATIVE is 85-0594373.
Is YOUTH BUSINESS INITIATIVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to YOUTH BUSINESS INITIATIVE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does YOUTH BUSINESS INITIATIVE 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 YOUTH BUSINESS INITIATIVE due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did YOUTH BUSINESS INITIATIVE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of YOUTH BUSINESS INITIATIVE?
The 990 for the year ended December 31, 2025 names Dajuan Wiggins.
Who are the officers and directors of YOUTH BUSINESS INITIATIVE?
The 990 for the year ended December 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $80,382 (Dajuan Wiggins, CEO and Executive Director).
How much revenue does YOUTH BUSINESS INITIATIVE have?
On its 990 for the year ended December 31, 2025 it reported revenue of $300,462, expenses of $246,660 and total assets of $173,603 at year end.

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