EIN 85-0594373

Youth Business Initiative

IRS 501(c) type
501(c)(3)
Num. employees
5
Year formed
2020
Most recent tax filings
2023-12-01
Description
Youth Business Initiative empowers underprivileged youth with workforce readiness and business development skills for community development through workforce readiness and business development program initiatives. Its entrepreneurship program covers business development topics such as Finance & Accounting, Marketing & Branding, Communication and Etiquette, and Public Speaking.
Total revenues
$397,508
2023
Total expenses
$253,312
2023
Total assets
$204,687
2023
Num. employees
5
2023

Program areas at Youth Business Initiative

Youth Entrepreneurship Program: The entrepreneurship program is a workforce readiness and business development initiative that covers business development topics - Finance & Accounting, Marketing & Branding, Communication and Etiquette, and Public Speaking. The students research a business idea and learn the business elements. As the students learn basic business terms and elements, the students find their strengths and weaknesses as entrepreneurs. Students also receive a nominal stipend while participating in the entrepreneurship program initiative.
Our organization is dedicated to preparing youth for the workforce and helping them achieve their dreams through our impactful Youth Workforce Development Training program. With a focus on practical skill development, career readiness, and personal empowerment, we provide tailored training experiences to equip young individuals with the tools they need to succeed in today's competitive job market. We work towards our mission of empowering youth and fostering a brighter future for generations to come.
organization runs an after-school youth advancement program committed to nurturing critical thinking and cultivating entrepreneurial skills in our participants. With a meticulously crafted curriculum, we offer enriching and holistic learning opportunities that empower young individuals to navigate the intricacies of business and entrepreneurship. Beyond imparting essential knowledge, our program focuses on fostering analytical thinking, problem-solving capabilities, and a strategic mindset, essential for success in today's competitive landscape.

Who funds Youth Business Initiative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ritter Family FoundationDonation$50,000
The Perrin Family FoundationGeneral Purpose$45,000
Fairfield County's Community FoundationFor General Support.$40,500
...and 2 more grants received

Personnel at Youth Business Initiative

NameTitleCompensation
Dajuan WigginsExecutive Director and Chief Executive Officer$39,201
Dajuan WigginsfounderChief Executive Officer
Yenesis Brito BeganFounder, Chief Executive Officer and Ed
Yohana RamirezOperations Manager
Anthony WilsonBoard Member$0
...and 4 more key personnel

Financials for Youth Business Initiative

RevenuesFYE 12/2023
Total grants, contributions, etc.$397,508
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$397,508

Form 990s for Youth Business Initiative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-08990View PDF
2022-122023-05-15990EZView PDF
2021-122022-05-13990EZView PDF

Organizations like Youth Business Initiative

OrganizationLocationRevenue
Next Generation Men and WomenAtlanta, GA$1,530,616
Shepower Leadership AcademyBakersfield, CA$1,150,549
Youth Development NetworkSacramento, CA$1,060,497
Invest in YouthSeattle, WA$116,286
Junior Achievement of OKI PartnersCincinnati, OH$1,306,928
Geeking Out Kids of ColorSeattle, WA$793,337
The Next It GirlCharleston, SC$347,612
Life Skills for YouthLittle Rock, AR$1,677,228
Sista Girls and Friends IncorporatedDecatur, IL$715,000
Green OpportunitiesAsheville, NC$670,732
Data update history
September 7, 2024
Updated personnel
Identified 3 new personnel
August 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 26, 2024
Updated personnel
Identified 5 new personnel
July 11, 2024
Received grants
Identified 3 new grant, including a grant for $50,000 from Ritter Family Foundation
August 19, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from The Perrin Family Foundation
Nonprofit Types
Employment organizationsYouth development programsHeadquarter / parent organizationsCharities
Issues
EducationHuman servicesChildrenCommunity improvement
Characteristics
Receives government fundingManagement and technical assistanceFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
304 Main Ave
Norwalk, CT 06851
Metro area
Bridgeport-Stamford-Norwalk, CT
County
Western Connecticut Planning Region, CT
Website URL
ybict.org/ 
Phone
(203) 952-9580
IRS details
EIN
85-0594373
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
O50: Youth Development Programs, Other
NAICS code, primary
611430: Professional and Management Development Training
Parent/child status
Central organization
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