2024-03-05T21:04:21-06:00 2023-06-30 873707167 CBIZ MARKS PANETH LLC 4 Manhattanville Road Suite 402 Purchase NY 10577 990 2022-07-01 205540955 Exalt Youth EXAL 3476216100 17 BATTERY PLACE 307 NEW YORK NY 10004 Gisele Castro CEO 3476216100 2024-03-04 1 Gisele Castro 999009999 0 Magdalena Czerniawski P00535099 9145249000 2024-03-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Gisele Castro 17 BATTERY PLACE 307 NEW YORK NY 10004 8270702 0 X www.exaltyouth.org X 2006 NY At Exalt we empower youth to see a future filled with hope, and we provide the road map to get there. 15 15 46 15 0 0 8787503 7266475 61538 38462 -429 9471 -11851 7486 8836761 7321894 53784 54409 0 0 2361424 3202699 0 0 918387 2058763 2773391 4473971 6030499 4362790 1291395 8260540 11524899 348299 2260952 7912241 9263947 X Exalt Youth serves justice to system-involved youth, moving them away from incarceration towards re-engagement with education and meaningful job opportunities. Our students come from some of the most economically depressed neighborhoods in New York and are often facing potentially life altering circumstances. The Exalt mission combines a rigorous curriculum with paid internships and career development to elevate expectations of personal success for court-involved youth ages 15-19. Exalt is deeply committed to racial equity and justice for youth in three specific areas: 1) criminal justice avoidance; 2) academic progression; and 3) employability. Our model is built upon our tested incubation period at the Blue Ridge Foundation in 2006 and Gold Star evaluation by John Jay Research and Evaluation Center in 2013. 0 0 4332451 54409 33910 Exalt Youth is an organization designed specifically for youth involved in the criminal justice system. We serve youth ages 15-19 annually, 78% male, 21% female, and 1% unknown. Program participants come from New York City's poorest zip codes, and all face a host of barriers such as multi-generational poverty, foster care involvement, low educational skills, incarcerated parent(s), racial marginalization, and living in households with little support in which they are often caregivers for siblings or sick relatives.Exalt's signature 21-Week Core Program is designed to address three primary factors contributing to the School-to-Prison Pipeline: criminal justice avoidance, educational attainment, and employability. The program consists of the following four components: 1) foundational life skills (critical thinking, communication, creative problem-solving, and resource management through pre- and post-internship classes); 2) individualized planning and support (goal setting and effective education/court advocacy strategies to help students successfully navigate the educational and legal systems); 3) paid internships (exposure to diverse career opportunities through our partnerships with over 100 businesses across NYC); and 4) alumni network (paid graduate programming that includes extended internships, individual education/career counseling, and monthly college/career workshops).Expenses include $812,828 in stipends to 527 students participating in Exalt Youth's programs and internships sponsored by the organization. 4332451 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 414 0 1 46 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X Gisele Castro Chief Executive officer 3476216100 17 Battery Place Suite 307 New York NY 10004 Ana Bermudez Director 1.00 X 0 0 0 Bala Subramanian Director (Outgoing) 1.00 X 0 0 0 Curtis Craven Director (Outgoing) 1.00 X 0 0 0 Danzey Burnham Director 1.00 X 0 0 0 Darnisa Amante Director 1.00 X 0 0 0 Ed Carson Director 1.00 X 0 0 0 Elizabeth Elston Director 1.00 X 0 0 0 Kunal Das Secretary 1.00 X X 0 0 0 Lamson Lam Vice Chair 1.00 X X 0 0 0 Lance Clarke Director 1.00 X 0 0 0 Lisette Nieves Director 1.00 X 0 0 0 Maggie Burrows Director 1.00 X 0 0 0 Nathaniel Mary Quinn Director (Outgoing) 1.00 X 0 0 0 Ronald Schneider Director 1.00 X 0 0 0 Ruth L Frommer Treasurer 1.00 X X 0 0 0 Sean Gleason Director 1.00 X 0 0 0 Stasha Santifort Director 1.00 X 0 0 0 Yumari Martinez Chair 1.00 X X 0 0 0 Andrea Feduzi Chief Operating Officer 35.00 X 156144 0 12240 Brian G Lewis Chief Program Officer (Outgoing) 35.00 X 156920 0 19733 Gisele Castro Executive Director 35.00 X 228730 0 28627 Karen Buck Chief Development Officer (Outgoing) 35.00 X 91154 0 3516 Marcelo Nigri Director of Finance 35.00 X 126460 0 32750 759408 0 96866 4 0 1 0 0 250745 1185924 5829806 132367 7266475 Consulting revenue 900099 38462 38462 38462 31195 31195 852587 869759 4552 -17172 -4552 -21724 -4552 -17172 81983 250745 74497 7486 7486 7321894 33910 0 21509 X 54409 54409 579956 405969 92793 81194 2095725 1560300 295983 239442 24312 20645 2221 1446 280351 220018 33919 26414 222355 173498 27365 21492 2931 2931 863857 338167 177784 347906 3719 138 2774 807 140849 94430 16169 30250 44935 37758 3995 3182 364358 322036 26593 15729 108388 44878 9229 54281 60329 54297 3016 3016 26149 20651 3014 2484 Stipends 812828 812828 Staff development 188365 98571 33912 55882 Dues and Subscriptions 80392 38655 23961 17776 Equipment rental and Ma 49064 27623 19285 2156 27227 7580 4717 14930 6030499 4332451 779661 918387 355879 958914 1501218 1289581 4679360 5081769 27707 40400 36863 47921 562143 187224 100523 374919 1379075 1734537 179915 1996858 8260540 11524899 267973 350588 80326 1910364 348299 2260952 X 3773976 4185584 4138265 5078363 7912241 9263947 8260540 11524899 1291395 60311 0 X X 0 1 X 1 0 X 3174597 2037164 3626484 8787503 7266475 24892223 3174597 2037164 3626484 8787503 7266475 24892223 5003696 19888527 6406 7618 6552 11878 31195 63649 34238 1250 30000 19625 81983 167096 25122968 100000 0.79160 0.86090 X Schedule A, Part II, Line 10, Explanation of Other Income: Misc Income - 2018 Amount: $ 6,000. 2019 Amount: $ 1,250. 2020 Amount: $ 30,000. Special Event Income - 2018 Amount: $ 28,238. 2021 Amount: $ 19,625. 2022 Amount: $ 81,983. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 153127 43255 109872 396016 143969 252047 13000 13000 374919 Security Deposits 183605 Operating Lease Right-of-use assets 1810953 Other assets 2300 1996858 Noncurrent portion of operating lease liability 1631147 Current portion of operating lease liability 279217 1910364 X 7607737 60311 211596 16867 288774 7318963 2931 2931 7321894 6256031 211596 211596 6044435 2931 -16867 -13936 6030499 Part X, Line 2: The Organization evaluates all significant tax positions as required by accounting principles generally accepted in the United States of America. As of June 30, 2023, the Organization does not believe that it has taken any positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next year. Part XI, Line 2d - Other Adjustments: Indirect Fundraising Expenses 16,867. Part XII, Line 4b - Other Adjustments: Indirect Fundraising Expenses -16,867. GALA 332728 250745 81983 57630 16867 332728 250745 81983 57630 16867 74497 7486 1 SCHOLARSHIPS 12 54409 Schedule I Part III Line 1 Scholarships are funded by grants from the NY Community Trust, the Carson Family Foundation and the Cravens Family Foundation, and are to be used to cover tuition or eligible educational expenses for college, trade school or other educational programs. Exalt Youth works closely with the students in the application process, and continues to work with and monitor these students in the Exalt Youth programs as they complete their education. Should any student not continue to be enrolled in the educational program for which the scholarship has been awarded, Exalt Youth has the discretion to provide another student with the scholarship. X X 0 0 0 0 0 0 0 1 0 Gisele Castro Executive Director 204230 0 24500 0 0 0 8923 0 19704 0 257357 0 0 0 Brian G Lewis Chief Program Officer (Outgoing) 149839 0 7081 0 0 0 4186 0 15547 0 176653 0 0 0 Andrea Feduzi Chief Operating Officer 150185 0 5959 0 0 0 7175 0 5065 0 168384 0 0 0 Marcelo Nigri Director of Finance 120560 0 5900 0 0 0 6245 0 26505 0 159210 0 0 0 Part I, Line 7 Gisele Castro, Executive Director, approves bonuses in the organization, and the board approves her compensation and bonus. X 1512 115500 FMV X Auction 1 16867 0 0 0 Part I, Column (b): The number in Column (B) represents the number of shares contributed. Form 990, Part VI, Section A, line 4 The organization updated its by-laws and made changes to its policies during the year. Form 990, Part VI, Section B, line 11b An independent accountant prepares the return. Prior to filing, the draft return of the 990 is reviewed and approved by board members. A copy of the final 990 is then provided to the board. Form 990, Part VI, Section B, line 12c Each member of the Board of Directors is asked to read and sign the Conflict of Interest Policy annually. Form 990, Part VI, Section B, line 15a The board examines the salaries of other executive directors in the same field, and compares the responsibilities of its executive director with them. Based on that review the board considers and votes on the executive director's compensation package. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. Form 990, Part IX, line 11g Processing Fees: Program service expenses 42,617. Management and general expenses 7,411. Fundraising expenses 6,107. Total expenses 56,135. Other Professional Fees: Program service expenses 295,550. Management and general expenses 170,373. Fundraising expenses 341,799. Total expenses 807,722. Form 990, Part XII, Line 2C: Exalt Youth has an audit committee that assumes the responsibility for overseeing the audit. This process has not changed from the previous years.