2024-11-05T11:43:27-06:00 2024-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-07-01 205540955 EXALT YOUTH EXAL 3476216100 17 BATTERY PLACE 307 NEW YORK NY 10004 GISELE CASTRO CHIEF EXECUTIVE OFFICER 3476216100 2024-11-05 1 0 ELIZABETH W HELLER P00397829 3019519090 2023 2024-10-15 13:58:12Z GISELE CASTRO 17 BATTERY PLACE 307 NEW YORK NY 10004 7586076 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. 12 12 47 15 0 0 7266475 4054828 38462 0 9471 39937 7486 -69841 7321894 4024924 54409 50038 0 0 3202699 4295866 0 0 1074265 2773391 3180888 6030499 7526792 1291395 -3501868 11524899 7809577 2260952 1954047 9263947 5855530 X EXALT YOUTH SERVES YOUTH INVOLVED IN THE CRIMINAL JUSTICE SYSTEM, 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 5807592 50038 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: 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). 5807592 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 0 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 1 759 0 1 47 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X GISELE CASTRO 3476216100 17 BATTERY PLACE SUITE 307 NEW YORK NY 10004 YUMARI L MARTINEZ CHAIR 1.00 X X 0 0 0 LAMSON LAM VICE CO-CHAIR 1.00 X X 0 0 0 LISETTE NIEVES VICE CO-CHAIR 1.00 X X 0 0 0 RUTH L FROMMER TREASURER 1.00 X X 0 0 0 KUNAL DAS SECRETARY 1.00 X X 0 0 0 ANA BERMUDEZ DIRECTOR 1.00 X 0 0 0 DANZEY BURNHAM DIRECTOR 1.00 X 0 0 0 DARNISA AMANTE DIRECTOR (THROUGH 06/24) 1.00 X 0 0 0 ED CARSON DIRECTOR 1.00 X 0 0 0 ELIZABETH ELSTON DIRECTOR (THROUGH 03/24) 1.00 X 0 0 0 LANCE CLARKE DIRECTOR 1.00 X 0 0 0 MAGGIE BURROWS DIRECTOR 1.00 X 0 0 0 RONALD SCHNEIDER DIRECTOR (THROUGH 05/24) 1.00 X 0 0 0 SEAN GLEASON DIRECTOR 1.00 X 0 0 0 STASHA SANTIFORT DIRECTOR 1.00 X 0 0 0 GISELE CASTRO CHIEF EXECUTIVE OFFICER 35.00 X 241443 0 24208 ANDREA FEDUZI CHIEF OPERATING OFFICER 35.00 X 172023 0 8504 INGA GLODOWSKI DIRECTOR OF DEVELOPMENT 35.00 X 121823 0 18254 MARCELO NIGRI DIRECTOR OF FINANCE 35.00 X 138474 0 24033 673763 0 74999 4 0 1 0 EYE DEFEAT THREATS INC 600 FRANKLIN AVENUE SUITE 7661 GARDEN CITY NY 11530 IT SERVICES & SYSTEM DEVELOPMENT 220045 EDUCATION FIRST CONSULTING LLC PO BOX 22871 SEATTLE WA 98122 PEDAGOGICAL CURRICULUM ASSESSMENT 149965 BACK CHAMBER CONSULTING LLC 245 BENNETT AVENUE SUITE 7D NEW YORK NY 10040 GOVERNMENT RELATIONS SERVICES 120000 3 380511 1138850 2535467 183719 4054828 26887 26887 3448778 3434505 1223 14273 -1223 13050 13050 49580 380511 125424 -75844 -75844 OTHER INCOME 900099 6003 6003 6003 4024924 0 0 -29904 50038 50038 479869 219418 166463 93988 2974625 2509812 138203 326610 51314 42033 4938 4343 535424 446823 46698 41903 254634 200917 22403 31314 36700 36700 3543 3543 601468 200024 62142 339302 6651 289 3621 2741 120482 93774 8828 17880 40779 35620 1864 3295 438817 392640 30304 15873 137009 69649 15143 52217 116249 50981 12082 53186 70635 63571 3532 3532 38936 31796 2978 4162 STIPENDS 1224428 1224428 STAFF DEVELOPMENT 141220 57908 44082 39230 DUES AND SUBSCRIPTIONS 86217 39730 21962 24525 PAYROLL PROCESSING FEES 77776 61908 6618 9250 39978 16233 12831 10914 7526792 5807592 644935 1074265 958914 286015 1289581 9261 5081769 3163820 40400 18538 47921 21499 697126 246852 374919 450274 1734537 2182702 1996858 1677468 11524899 7809577 350588 351404 1910364 1602643 2260952 1954047 X 4185584 3291900 5078363 2563630 9263947 5855530 11524899 7809577 -3501868 93451 0 X 0 1 X 1 0 X 2037164 3626484 8787503 7266475 4054828 25772454 2037164 3626484 8787503 7266475 4054828 25772454 4095334 21677120 7618 6552 11878 31195 26887 84130 0 7486 0 7486 1250 30000 6003 37253 25901323 100000 0.83690 0.79160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 1,250. 2020 AMOUNT: $ 30,000. 2023 AMOUNT: $ 6,003. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14500 X EDUCATION 0 164788 65963 98825 52983 29751 23232 479355 151138 328217 450274 RIGHT-OF-USE ASSETS 1493863 SECURITY DEPOSIT 183605 1677468 OPERATING LEASE LIABILITIES 1602643 1602643 4420631 93451 220935 84864 399250 4021381 3543 3543 4024924 7829048 220935 84864 305799 7523249 3543 3543 7526792 PART III, LINE 4: 13 PAINTINGS BY KESHAD (IFE) ADENIYI, WHO IS EXALT'S ASSOCIATE DIRECTOR OF CURRICULUM AND PEDAGOGY. IFE IS A VISIONARY WITH A HEART FOR EDUCATION, ADVOCACY, AND ACTIVISM. IN ADDITION TO ACADEMIA HE BELIEVES THAT ARTISTIC MEDIA, SUCH AS VISUAL ART, ARE NECESSARY TO EDUCATE PEOPLE. PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES REPORTED AS EXPENSES ON THE AUDITED 84,864. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON THE FORM 990, PART VIII, LINE 8B. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES REPORTED AS EXPENSES ON THE AUDITED 84,864. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON THE FORM 990, PART VIII, LINE 8B. ANNUAL GALA 430091 380511 49580 10293 4000 43302 67829 430091 380511 49580 10293 4000 43302 67829 125424 -75844 1 SCHOLARSHIPS 10 50038 PART I, LINE 2: 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 X 0 0 0 0 0 0 0 1 0 GISELE CASTRO CHIEF EXECUTIVE OFFICER 241443 0 0 0 0 0 13300 0 10908 0 265651 0 0 0 ANDREA FEDUZI CHIEF OPERATING OFFICER 163998 0 8025 0 0 0 8426 0 78 0 180527 0 0 0 MARCELO NIGRI DIRECTOR OF FINANCE 138474 0 0 0 0 0 6825 0 17208 0 162507 0 0 0 PART I, LINE 7 ANDREA FEDUZI RECEIVED A $8,025 PERFORMANCE BASED BONUS IN 2023. X 7 179116 FMV X AUCTION ITEMS 9 4603 FMV 0 0 0 0 PART I, COLUMN (B): THIS COLUMN INCLUDES THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION UPDATED ITS BYLAWS DURING THE FISCAL YEAR TO: - UPDATE DIRECTOR TERM LENGTH, SO THERE ARE NOW THREE-YEAR TERMS, WHICH IS MORE TYPICAL FOR ESTABLISHED ORGANIZATIONS. - INSTITUTE DIRECTOR TERM LIMITS, SO THERE IS A MAXIMUM OF FOUR CONSECUTIVE THREE-YEAR TERMS FOR A TOTAL OF 12 YEARS. - REMOVE ITS "CAUSE FOR REMOVAL" CLAUSE. - UPDATE ITS DIRECTOR COMPENSATION SO THAT MEMBERS OF THE BOARD ARE NOT COMPENSATED FOR THEIR SERVICES AS BOARD MEMBERS. - CHANGE OFFICER TERM LENGTH AND TERM LIMITS, SO THE BOARD CHAIR IS ELECTED TO A THREE-YEAR TERM AND MAY SERVE TWO CONSECUTIVE THREE-YEAR TERMS AND OFFICERS OTHER THAN THE CHAIR CAN BE ELECTED ANNUALLY AND TO AN UNLIMITED NUMBER OF TERMS. - EXPAND ITS AD HOC COMMITTEES/TASK FORCES TEXT TO MAKE MORE CLEAR. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTANT PREPARES THE 990 RETURN. PRIOR TO FILING, THE DRAFT RETURN 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. AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS RELATED THERETO TO THE BOARD OR DESIGNATED COMMITTEE. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF AFTER HEARING THE INTERESTED PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES THE BOARD OR COMMITTEE DETERMINES THE INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD EXAMINES THE SALARIES OF OTHER CEOS IN THE SAME FIELD, AND COMPARES THE RESPONSIBILITIES OF ITS CEO WITH THEM. BASED ON THAT REVIEW THE BOARD CONSIDERS AND VOTES ON THE CEO'S COMPENSATION PACKAGE. THE LAST COMPENSATION REVIEW TOOK PLACE IN JUNE 2024. 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.