2023-05-03T10:24:12-05:00 2022-12-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-01-01 352035269 Simon Youth Foundation Inc % SHERRI SCROGHAM SIMO 3179359027 225 WEST WASHINGTON STREET INDIANAPOLIS IN 46204 KIMBERLY JOHNSON BOARD TREASURER 3172632361 2023-05-15 true KIMBERLY JOHNSON 999009999 NICOLE B FISHBACK P01279475 3173834000 2023-05-15 2 2022 2023-04-26 12:10:37Z KIMBERLY JOHNSON 225 WEST WASHINGTON STREET INDIANAPOLIS IN 46204 4813629 false X SYF.ORG X 1997 IN SIMON YOUTH FOUNDATION FOSTERS AND IMPROVES EDUCATIONAL OPPORTUNITIES, CAREER DEVELOPMENT, AND LIFE SKILLS TO TRANSFORM THE LIVES OF AT-RISK YOUTH. SEE SCHEDULE O. 17 17 9 1000 0 0 1887385 2499831 500 29350 807977 773684 49973 317227 2745835 3620092 575662 699008 0 0 894705 1236087 0 0 538579 983894 1012926 2454261 2948021 291574 672071 14657518 13046366 689844 385033 13967674 12661333 X SIMON YOUTH FOUNDATION (SYF) IS A NATIONAL NON-PROFIT COMMITTED TO HELPING STUDENTS GRADUATE FROM HIGH SCHOOL AND PURSUE POST-SECONDARY EDUCATIONAL OPPORTUNITIES. SYF EXECUTES THIS MISSION BY PARTNERING WITH LOCAL PUBLIC SCHOOL DISTRICTS TO LAUNCH SIMON YOUTH ACADEMIES, THROUGH WHICH STUDENTS AT RISK OF DROPPING OUT OF HIGH SCHOOL RECEIVE THE PERSONALIZED SUPPORT NEEDED TO EARN THEIR DIPLOMAS, AND BY PROVIDING RENEWABLE SIMON YOUTH SCHOLARSHIPS TO GRADUATING SENIORS WHO LIVE NEAR SIMON MALLS. TODAY, SIMON YOUTH FOUNDATION OPERATES 44 SIMON YOUTH ACADEMIES IN PARTNERSHIP WITH 29 PUBLIC SCHOOL DISTRICTS IN 16 STATES. SINCE ITS INCEPTION SYF HAS MAINTAINED A 91 PERCENT GRADUATION RATE AT ITS SIMON YOUTH ACADEMIES, HELPING THOUSANDS OF STUDENTS EARN THEIR HIGH SCHOOL DIPLOMAS, AND AWARDED MORE THAN $1 MILLION ANNUALLY IN SIMON YOUTH SCHOLARSHIPS. false false 1093103 SIMON YOUTH ACADEMIES ARE PUBLIC ALTERNATIVE SCHOOLS PRIMARILY LOCATED IN SIMON PROPERTY GROUP MALLS, WITH SOME STAND-ALONE SITES. THE ACADEMIES SERVE STUDENTS WHO ARE STRUGGLING IN TRADITIONAL HIGH SCHOOL ENVIRONMENTS, OFTEN DUE TO CHALLENGING LIFE CIRCUMSTANCES SUCH AS PARENTING, HOMELESSNESS, OR ILLNESS. BY WORKING WITH LOCAL PUBLIC SCHOOL DISTRICTS, SYF IS ABLE TO REACH THESE STUDENTS BEFORE THEY DROP OUT, AND THROUGH THE ACADEMY NETWORK, OFFER STUDENTS THE SAME EDUCATIONAL OPPORTUNITIES THEY WOULD RECEIVE IN A TRADITIONAL HIGH SCHOOL, BUT IN AN ENVIRONMENT THAT MEETS THE NEEDS OF AT-RISK STUDENTS. WITH SMALL CLASS SIZES, FLEXIBLE HOURS, SELF-PACED CURRICULUM, AND A FAMILY-LIKE ATMOSPHERE THE ACADEMIES PROVIDE A UNIQUE LEARNING ENVIRONMENT THAT HAS PROVEN TO BE A SUCCESSFUL MODEL. IN ORDER TO GRADUATE FROM AN ACADEMY, STUDENTS MUST MEET ALL STATE AND NATIONAL GRADUATION REQUIREMENTS. WHEN THEY GRADUATE, ACADEMY STUDENTS EARN THEIR DIPLOMAS FROM THEIR REFERRING HIGH SCHOOLS. 699008 699008 SIMON YOUTH SCHOLARSHIPS ARE AWARDED TO SIMON YOUTH ACADEMY GRADUATES, AS WELL AS NON-ACADEMY STUDENTS IN EVERY COMMUNITY THAT IS HOME TO A SIMON PROPERTY. THE AWARDS PRIMARILY SERVE STUDENTS WHO WILL BE THE FIRST IN THEIR FAMILIES TO ATTEND POST-SECONDARY EDUCATION INSTITUTIONS, INCLUDING 2-YEAR VOCATIONAL AND TECHNICAL SCHOOLS AND 4-YEAR COLLEGES. A THIRD-PARTY ADMINISTRATOR SELECTS RECIPIENTS AND FACTORS IN FINANCIAL NEED, ACADEMIC PERFORMANCE, LEADERSHIP SKILLS, SCHOOL PARTICIPATION, AND COMMUNITY ACTIVITIES. 207210 29350 TO SUPPORT CONTINUED HIGH ACADEMIC AND PROGRAM STANDARDS, SYF HOSTS AN ANNUAL BEST PRACTICES CONFERENCE FOR SYF SCHOOL DISTRICT PARTNERS AND REPRESENTATIVES FROM NATIONAL ORGANIZATIONS THAT WORK TO IMPROVE GRADUATION RATES. THE BEST PRACTICES CONFERENCE IS HELD IN CONJUNCTION WITH A LEADING NATIONAL EDUCATION CONFERENCE, PROVIDING AN OPPORTUNITY FOR ACADEMY ADMINISTRATORS AND TEACHERS TO TAKE ADVANTAGE OF PROFESSIONAL DEVELOPMENT BEYOND SYF SPONSORED LECTURES AND SESSIONS. 1999321 true true false false false false false false false true true false false false false false true false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false true X 47 0 9 true false false false false false true true false false false false false false X 17 17 true false false false false false false true true false false true true true true true true true true false AL AK AZ AR CA CO CT FL GA HI IL IN KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI X X X SHERRI SCROGHAM 3179359027 225 W WASHINGTON STREET INDIANAPOLIS IN 46204 ANDREA NEELY PRESIDENT AND CEO 50.0 0.0 X 283860 0 28505 BRANDI YOUNG VP, ADVANCEMENT 50.0 0.0 X 127808 0 33068 LE-ANGELA THOMPSON COO (BEG 04/25/2022) 50.0 0.0 X 104344 0 21501 SHERRI SCROGHAM DIRECTOR OF FINANCE 50.0 0.0 X 112098 0 11819 DEBORAH J SIMON BOARD CHAIR 1.0 0.0 X X 0 0 0 KIMBERLY JOHNSON TREASURER/SECRETARY 1.0 0.0 X X 0 0 0 ANDY HUTCHERSON DIRECTOR 1.0 0.0 X 0 0 0 BETH FORTUNE DIRECTOR 1.0 0.0 X 0 0 0 COLLIN SAM DIRECTOR 1.0 0.0 X 0 0 0 DARIN ETCHINSON DIRECTOR 1.0 0.0 X 0 0 0 JEFF PATCHEN DIRECTOR 1.0 0.0 X 0 0 0 JEREMY SMITH DIRECTOR 1.0 0.0 X 0 0 0 LENA BARKLEY DIRECTOR 1.0 0.0 X 0 0 0 LESLIE FATUM DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL ROMSTAD DIRECTOR 1.0 0.0 X 0 0 0 REID SEARLES DIRECTOR 1.0 0.0 X 0 0 0 SARAH BEESON DIRECTOR 1.0 0.0 X 0 0 0 SCOTT WOLFRUM DIRECTOR 1.0 0.0 X 0 0 0 STEPHEN KINGSLEY DIRECTOR 1.0 0.0 X 0 0 0 JACQUE' ELLIS DIRECTOR 1.0 0.0 X 0 0 0 TAYLOR NEFOUSE DIRECTOR 1.0 0.0 X 0 0 0 628110 0 94893 4 false true false DODD TECHNOLOGIES 720 WEST PIONEER TRACE STE 200 PENDLETON IN 46064 AUDIO VISUAL 110000 ISTS PO BOX 282371 NASHVILLE TN 37228 SCHOLARSHIP ADMIN 483500 2 91421 2408410 2499831 CONFERENCE REGISTRATIONS 900099 29350 29350 29350 169633 169633 0 0 0 0 0 1500000 895949 604051 604051 604051 614815 91421 297588 317227 317227 0 0 0 0 0 0 0 3620092 29350 1090911 0 699008 699008 0 0 562126 163799 188004 210323 0 454862 352606 15842 86414 16322 6202 5223 4897 119537 45424 38252 35861 83240 31631 26637 24972 0 34308 14028 20280 21468 21468 0 0 34376 34376 103536 103536 7078 63 1928 5087 100000 8423 31683 59894 0 0 0 12425 5704 6642 79 0 214306 212168 2138 0 0 291099 291099 36990 30143 6847 ACADEMY EXPENSES 48245 35156 12939 150 MALL EVENTS 109095 331 108764 2948021 1999321 410121 538579 300 300 2393887 2632446 392620 342757 0 0 0 0 0 0 0 0 0 0 420382 280135 6088348 3114181 3221130 2974167 8229199 6816561 0 0 0 0 0 0 0 0 14657518 13046366 689844 385033 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 689844 385033 X 13392135 12058949 575539 602384 13967674 12661333 14657518 13046366 672071 -1978412 X false true X true false X 2203305 2867539 1748966 1887385 2499831 11207026 0 0 2203305 2867539 1748966 1887385 2499831 11207026 1420422 9786604 172963 239229 121379 518857 169633 1222061 0 0 12429087 3536452 0.78739 0.74162 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8876912 169632 1500000 7546544 9008145 126626 257859 8876912 8944493 220019 1019665 1176032 9008145 8074872 1127621 2581000 6621493 9397017 -472145 850000 8074872 0.96000 0.04000 false false 5578840 2616417 2962423 256597 244853 11744 252911 252911 0 2974167 16627754 -1978412 14722862 297588 13042038 3585716 34376 34376 3620092 17934095 14722862 297588 15020450 2913645 34376 34376 2948021 SCHEDULE D, PART V, LINE 4 DESCRIBE THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: TO PROVIDE FOR SPECIFIC RESTRICTED OR DESIGNATED OPERATING OR CAPITAL REQUIREMENTS OF THE FOUNDATION. USES WOULD INCLUDE FUNDING SCHOLARSHIPS, OPERATING BUDGET ITEMS, AND SIMON YOUTH ACADEMY BUILD-OUTS. SCHEDULE D, PART X ASC 740 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PARTS XI & XII, LINE 2D OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES $ 297,588 GALA 435338 91421 343917 16140 30419 151677 17577 FOUNDERS 93229 93229 17993 12477 20202 1 86248 86248 1823 17570 11710 614815 91421 523394 1823 51703 42896 151677 49489 297588 225806 true SCHOLARSHIPS 435 699008 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S.: SIMON YOUTH FOUNDATION USES AN INDEPENDENT THIRD PARTY TO MONITOR THE USE OF ITS SCHOLARSHIP FUNDS. THE COMPANY INTERNATIONAL SCHOLARSHIP AND TUITION SERVICES, INC. IS AN INDUSTRY LEADER IN SCHOLARSHIP MANAGEMENT. THEY MONITOR THE USE OF THE SCHOLARSHIP FUNDS AND WORK DIRECTLY WITH SCHOOLS TO ENSURE PROPER USE OF THE FUNDS. X X false false false false false false false true false ANDREA NEELY PRESIDENT AND CEO 281538 0 0 0 2322 0 8308 0 20197 0 312365 0 BRANDI YOUNG VP, ADVANCEMENT 124066 0 2500 0 1242 0 7594 0 25474 0 160876 0 PART II: LINE BII THE BONUS WAS DISCRETIONARY AND BASED ON PERFORMANCE AND DETERMINED BY THE BOARD PRESIDENT AND CEO. FORM 990, PART I, LINE 1 ORGANIZATION'S MISSION: SIMON YOUTH FOUNDATION FOSTERS AND IMPROVES EDUCATION OPPORTUNITIES, CAREER DEVELOPMENT AND LIFE SKILLS TO TRANSFORM THE LIVES OF STUDENTS ON THE VERGE OF DROPPING OUT OF HIGH SCHOOL THROUGH FOCUSED PROGRAMS AND INITIATIVES WITH OUR PUBLIC SCHOOL AND POST-SECONDARY EDUCATION PARTNERS. TO DELIVER ON ITS MISSION, SIMON YOUTH FOUNDATION HAS DEVELOPED TWO MAJOR INITIATIVES: SIMON YOUTH ACADEMIES AND THE SIMON YOUTH SCHOLARSHIP PROGRAM. SIMON YOUTH ACADEMIES, OFTEN LOCATED INSIDE SIMON MALLS, ARE NON-TRADITIONAL SCHOOLS THAT PROVIDE STUDENTS AT RISK OF DROPPING OUT OF HIGH SCHOOL, AND THE DISTRICTS THAT SUPPORT THEM, WITH THE PERSONALIZED SUPPORT THEY NEED TO EARN THEIR DIPLOMAS. ACADEMY STUDENTS RECEIVE JOB AND LIFE-SKILLS TRAINING, INDIVIDUALIZED INSTRUCTION AND SUPPORT, AND ARE ABLE TO SET THE PACE OF THEIR EDUCATION. AS EACH ACADEMY OPERATES IN PARTNERSHIP BETWEEN SYF AND ON OR MORE LOCAL PUBLIC SCHOOL DISTRICTS, STUDENTS EARN THEIR HIGH SCHOOL DIPLOMA FROM THEIR LOCAL PUBLIC SCHOOL DISTRICT, AND TEACHERS RECEIVED TAILORED PROFESSIONAL DEVELOPMENT BEYOND WHAT THE SCHOOL DISTRICT PROVIDES. SINCE 1999, SIMON YOUTH ACADEMIES HAVE MAINTAINED A 90 PERCENT HIGH SCHOOL GRADUATION RATE, HELPING THOUSANDS OF STUDENTS EARN THEIR HIGH SCHOOL DIPLOMAS. FORM 990, PART V, LINE 2A EMPLOYEES REPORTED ON FORM W-3: THE SIMON PROPERTY GROUP, INC. PREPARES AND MAINTAINS THE PAYROLL RECORDS FOR THE SIMON YOUTH FOUNDATION'S EMPLOYEES UNDER A REIMBURSEMENT PLAN. FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR, TRUSTEE, OR KEY EMPLOYEE: DEBORAH SIMON AND STEPHEN SIMON HAVE A FAMILY RELATIONSHIP. DARIN ETCHISON, KIMBERLY JOHNSON, AND DEBORAH SIMON HAVE A BUSINESS RELATIONSHIP WITH OTHER BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: THE FORM 990 IS REVIEWED BY AN INDEPENDENT ACCOUNTING FIRM, THE FINANCE COMMITTEE, AND THE TREASURER. IT WILL BE PROVIDED TO EACH BOARD MEMBER BY EMAIL BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH C.O.I. POLICY: A QUESTIONNAIRE IS SENT ANNUALLY TO ALL BOARD MEMBERS WHICH REQUIRES THEM TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. THE DIRECTOR OF FINANCE AND ADMINISTRATION REVIEWS THE SIGNED CONFLICT OF INTEREST POLICIES. ANY CONFLICTS ARE REPORTED TO AND DISCUSSED WITH THE FINANCE COMMITTEE. ANY PERSON WITH A CONFLICT ABSTAINS FROM VOTING ON THE RELATED ISSUE. FORM 990, PART VI, SECTION B, LINES 15A & 15B REVIEW OF CEO OR TOP MGMT OFFICIAL AND OTHER OFFICERS COMPENSATION: THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES OFFICER COMPENSATION FOR SIMON YOUTH FOUNDATION. COMPENSATION REVIEWS WERE LAST CONDUCTED IN JANUARY 2021 AND 2022. ON AN ANNUAL BASIS, THE CHAIR AND MEMBERS OF THE EXECUTIVE COMMITTEE AND/OR BOARD OF DIRECTORS SHALL REVIEW GENERAL AND SPECIFIC COMPENSATION DATA WITHIN THE COMPARABLE MARKET FOR SIMILARLY QUALIFIED INDIVIDUALS IN FUNCTIONALLY COMPARABLE POSITIONS. THE DATA REVIEWED WILL BE USED AS A KEY FACTOR IN DETERMINING COMPENSATION OF SYF'S KEY EMPLOYEES. WHEN NECESSARY, INDEPENDENT CONSULTANTS WILL BE UTILIZED TO HELP ESTABLISH COMPENSATION OBJECTIVES AND METHODS. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DELIBERATIONS AND DECISIONS REGARDING COMPENSATION SHALL BE MAINTAINED BY THE CHAIR OR HER DESIGNEE. OTHER KEY EMPLOYEES OF THE FOUNDATION ARE REVIEWED IN FEBRUARY OF EACH YEAR BY THE CEO/PRESIDENT. LAST REVIEW HELD IN MARCH 2022. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: SIMON YOUTH FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, LINE 1A OFFICERS: ANDREA NEELY, LE-ANGELA THOMPSON, AND SHERRI SCROGHAM MEET THE IRS DEFINITION OF OFFICER FOR THE FORM 990 BUT ARE NOT OFFICERS OF THE BOARD OF DIRECTORS.