2025-04-02T08:52:45-05:00 2024-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-01-01 043534407 YEAR UP INC YEAR 6175421533 45 MILK STREET 9TH FLOOR BOSTON MA 02110 CHRYSTAL STOKES WILLIAMS CFAO 6175421533 2025-04-01 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2025-04-01 2024 2025-03-06 01:10:19Z ELLEN MCCLAIN HAIME 45 MILK STREET 9TH FLOOR BOSTON MA 02110 174339332 0 X WWW.YEARUPUNITED.ORG X 2000 MA YEAR UP'S MISSION IS TO CLOSE THE OPPORTUNITY DIVIDE BY ENSURING THAT YOUNG ADULTS GAIN THE SKILLS, EXPERIENCES, AND SUPPORT THAT WILL EMPOWER THEM TO REACH THEIR POTENTIAL THROUGH CAREERS AND HIGHER EDUCATION. 20 19 827 1308 0 0 90339141 65560319 93521600 82637323 1603897 2981275 696762 741483 186161400 151920400 31818228 30875865 0 0 114448151 100188015 185755 0 9757088 47773378 49940785 194225512 181004665 -8064112 -29084265 216203290 179220128 44424922 34607572 171778368 144612556 X YEAR UP'S MISSION IS TO CLOSE THE OPPORTUNITY DIVIDE BY ENSURING THAT YOUNG ADULTS GAIN THE SKILLS, EXPERIENCES, AND SUPPORT THAT WILL EMPOWER THEM TO REACH THEIR POTENTIAL THROUGH CAREERS AND HIGHER EDUCATION. 0 0 148848970 30875865 82720511 SEE SCHEDULE O 148848970 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 157 0 1 827 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD FL CA RI IL WA VA NY GA PA SC UT TN WV WI OR OH OK ND NC NM MO MN MI LA KY KS AL AK AR CT HI TX DC ME MS NH NJ NV CO MA X X CHRYSTAL STOKES WILLIAMS 6175421533 45 MILK STREET 9TH FLOOR BOSTON MA 02110 GERALD CHERTAVIAN BOARD MEMBER/FOUNDER & SENIOR ADVISOR 40.00 X 627532 0 60473 PAUL EDGERLEY CHAIR (UNTIL 12/24) 1.00 X X 0 0 0 GREG WALTON VICE CHAIR 1.00 X X 0 0 0 PETER HANDRINOS SECRETARY 1.00 X X 0 0 0 GARRETT MORAN BOARD MEMBER/CHAIR (AS OF 12/24) 1.00 X X 0 0 0 TIM DIBBLE PAST CHAIR/FINANCE COMMITTEE CHAIR 1.00 X 0 0 0 JUDY MINER BOARD MEMBER/PROGRAM COMMITTEE CHAIR 1.00 X 0 0 0 ROD MCCOWAN BOARD MEMBER 1.00 X 0 0 0 CINDY ROBBINS BOARD MEMBER 1.00 X 0 0 0 JIM FOWLER BOARD MEMBER/AUDIT COMMITTEE CHAIR 1.00 X 0 0 0 RUTH BOWEN BOARD MEMBER 1.00 X 0 0 0 GELEANA DREW ALSTON BOARD MEMBER/ GOVNOM COMMITTEE CHAIR 1.00 X 0 0 0 KAREN REARDON BOARD MEMBER/HCC COMMITTEE CHAIR 1.00 X 0 0 0 ANEL PEREZ BOARD MEMBER 1.00 X 0 0 0 ANGELICA PINEDA BOARD MEMBER 1.00 X 0 0 0 BARBY SIEGEL BOARD MEMBER 1.00 X 0 0 0 WILLIAM GREEN BOARD MEMBER 1.00 X 0 0 0 JARED GOODMAN BOARD MEMBER 1.00 X 0 0 0 JOSEPH BARATTA BOARD MEMBER 1.00 X 0 0 0 RESHMA KEWALRAMANI BOARD MEMBER 1.00 X 0 0 0 CHRIS GORDON BOARD MEMBER 1.00 X 0 0 0 ELLEN MCCLAIN HAIME CEO & PRESIDENT 40.00 X 550000 0 53001 SUSAN MURRAY CHIEF REVENUE OFFICER 40.00 X 364385 0 48895 CHRYSTAL STOKES WILLIAMS CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER 40.00 X 308846 0 46118 ERIC WESTPHAL CHIEF OPERATING OFFICER (AS OF 11/5/24) 40.00 X 61827 0 5124 TARA MIMI JENNINGS CHIEF PEOPLE OFFICER 40.00 X 259615 0 12981 ELYSE ROSENBLUM MAN. DIR., GRADS OF LIFE (UNTIL 12/13/24) 40.00 X 354916 0 38649 GARY FLOWERS CHIEF TRANSFORMATION & TECHNOLOGY OFFICER 40.00 X 309039 0 24022 ELISHA PILAR BENTON GILLIAM CHIEF TALENT NETWORKS OFFICER 40.00 X 285962 0 24216 RONDA THOMPSON CHIEF DIVERSITY, EQUITY, INCL. & BELONGING OFFICER 40.00 X 254615 0 32933 ROBERTO ZELEDON CHIEF MARKETING OFFICER 40.00 X 249704 0 43157 CATHERINE ANG NATIONAL DIRECTOR OF ENROLLMENT 40.00 X 239423 0 38032 MEREDITH JAREMCHUK CHIEF PROGRAM OFFICER (UNTIL 7/14/24) 40.00 X 196567 0 25794 HEATHER HUTCHINSON INTERIM CHIEF PROGRAM OFFICER 40.00 X 194083 0 28236 JOHN GALANTE MANAGING DIRECTOR, CORPORATE ENGAGEMENT 40.00 X 266895 0 31538 CHRISTINE BARBER CHIEF OF STAFF 40.00 X 243885 0 41304 LINZEY JONES MANAGING DIRECTOR, CORPORATE ENGAGEMENT 40.00 X 240408 0 10635 EBONY THOMAS INTERIM MANAGING PARTNER, GRADS OF LIFE 40.00 X 232550 0 22262 PHOEBE C WILLIAMS REGIONAL DIRECTOR OF PROGRAM 40.00 X 229975 0 40288 5470227 0 627658 300 0 1 0 CONNELLY PARTNERS LLC 46 WALTHAM ST 4TH FLOOR BOSTON MA 02118 ADVERTISING 4851156 SILVER TREE SERVICES LLC 11221 BAYBERRY HILLS DRIVE RALEIGH NC 27617 IT SERVICES 2382385 SHERATON DALLAS HOTEL 400 NORTH OLIVE STREET DALLAS TX 75201 LODGING SERVICES 279334 MAXX POTENTIAL LLC 14321 WINTER BREEZE DR STE 128 MIDLOTHIAN VA 23113 PROGRAM MANAGEMENT 197200 EPIC DALLAS HOTEL LP 2551 ELM ST DALLAS TX 75226 LODGING SERVICES 145323 6 93375 1620259 63846685 5897802 65560319 PROGRAM SERVICE REVENUE 624310 82637323 82637323 82637323 3123402 3123402 689567 689567 0 21377981 21515885 4223 -137904 -4223 -142127 -142127 725425 93375 209257 516168 516168 MISCELLANEOUS 624310 225315 225315 225315 151920400 82720511 0 3639570 30875865 30875865 4738145 2181603 2349902 206640 73004246 56844453 10054351 6105442 3160499 2461753 440464 258282 13690613 11043108 1666897 980608 5594512 4251829 895122 447561 3643098 3643098 28615 28615 178993 178993 152078 152078 1128636 17209 611404 500023 4141036 4080894 18663 41479 3736184 2207147 1244958 284079 9264332 7705694 1073883 484755 6653700 4378879 2260270 14551 2852450 2007325 618082 227043 4712508 3700958 804925 206625 STUDENT RELATED DIRECT 13449155 13449155 181004665 148848970 22398607 9757088 4142188 4352112 44326514 41461407 55246923 33907709 20964784 4567748 4323559 2560609 46160569 31490936 14305198 14669633 50431461 60363975 22462663 17336935 216203290 179220128 15502369 11358931 3221079 3988315 25701474 19260326 44424922 34607572 X 86770279 87440479 85008089 57172077 171778368 144612556 216203290 179220128 X -29084265 1850955 67498 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16153283 396947 508395 17058625 15450696 178740 523847 16153283 4300000 11566963 -416267 15450696 4300000 4300000 1.00000 0 0 19730135 15118386 4611749 4858902 4253691 605211 21571532 12118859 9452673 14669633 INVESTMENT IN YUPRO 3663805 RIGHT-OF-USE ASSET, NET 13673130 17336935 OPERATING LEASE LIABILITY 19260326 19260326 X PART V, LINE 4: YEAR UP'S ENDOWMENT CONSISTS OF FUNDS FROM FIVE DONORS AT DECEMBER 31, 2024 AND 2023, WITH ONE DONOR MAKING AN ADDITIONAL CONTRIBUTION OF $50,000 TO THEIR FUND. A PORTION OF THE ENDOWMENT TOTALING TO $14,800,000 IS TO BE USED TO SPONSOR VARIOUS ALUMNI AND COHORT SUPPORT. THE REMAINING PORTION TOTALING TO $2,050,000 IS FOR THE PURPOSE OF PROVIDING SUPPORT TO SPONSOR YEAR UP'S OVERALL MISSION. PART X, LINE 2: THE ENTITY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ENTITY HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2024. YEAR UP'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 YEAR UP MAKES ITS RACIALLY NONDISCRIMINATORY POLICIES KNOWN TO THE GENERAL COMMUNITY THROUGH ITS CORPORATE SPONSOR BROCHURE, JOB POSTINGS, ADMISSIONS MATERIAL, THE EMPLOYEE HANDBOOK, AND THE ORGANIZATION'S WEBSITE. SCHEDULE E, PART I, LINE 6 SEE PART II SUPPLEMENTAL INFORMATION. LINE 6- EXPLANATION OF GOVERNMENT FINANCIAL AID YEAR UP RECEIVED GRANTS FROM MASSACHUSETTS EXECUTIVE OFFICE OF LABOR AND WORKFORCE DEVELOPMENT; STATE OF RHODE ISLAND; THE WORKPLACE; COMPUTING FOR ALL; MASSACHUSETTS DEPARTMENT OF TRANSITIONAL ASSISTANCE; AND LISC RHODE ISLAND. THE $1,620,259 IN GRANTS WAS FOR DEVELOPMENT TO SUPPORT THE ABOVE MENTIONED STATES. BOSTON GOLF TOURNAMENT 478011 92400 385611 29025 77716 10583 2849 PUGET SOUND PROFESSIONAL OLYMPICS 193287 193287 957 41261 26100 11081 3 147502 975 146527 1949 3265 1180 600 2691 818800 93375 725425 31931 122242 37863 600 16621 209257 516168 1 COLLEGE FEES 6892 2035637 STUDENT TRANSPORTATION 1184 245357 STUDENT STIPEND 6892 28594871 PART I, LINE 2: EDUCATIONAL STIPENDS ARE DISTRIBUTED TO ALL ENROLLED STUDENTS AND ARE MONITORED AND APPROVED, ON AN ON-GOING BASIS, BY PROGRAM MANAGER, SITE LEADERSHIP AND DIRECTOR OF FINANCIAL OPERATIONS. ALL EDUCATIONAL STIPENDS ARE FULLY DOCUMENTED. A SMALL PORTION OF STUDENT TRANSPORTATION COSTS ARE SUBSIDIZED. STUDENT TRANSPORTATION SUBSIDIES ARE ALSO MONITORED AND APPROVED, ON AN ON-GOING BASIS, BY PROGRAM MANAGER, SITE LEADERSHIP AND DIRECTOR OF FINANCIAL OPERATIONS. TRANSPORTATION SUBSIDIES ARE ALSO FULLY DOCUMENTED. STUDENTS EARN COLLEGE CREDITS THROUGH PROGRAM PARTICIPATION. X X X 1 0 0 0 0 0 0 0 0 GERALD CHERTAVIAN BOARD MEMBER/FOUNDER & SENIOR ADVISO 425865 0 0 0 201667 0 30500 0 29973 0 688005 0 0 0 ELLEN MCCLAIN HAIME CEO & PRESIDENT 550000 0 0 0 0 0 20096 0 32905 0 603001 0 0 0 SUSAN MURRAY CHIEF REVENUE OFFICER 364385 0 0 0 0 0 18219 0 30676 0 413280 0 0 0 ELYSE ROSENBLUM MAN. DIR., GRADS OF LIFE (UNTIL 12/1 354916 0 0 0 0 0 8322 0 30327 0 393565 0 0 0 CHRYSTAL STOKES WILLIAMS CHIEF FINANCIAL AND ADMINISTRATIVE O 308846 0 0 0 0 0 15442 0 30676 0 354964 0 0 0 GARY FLOWERS CHIEF TRANSFORMATION & TECHNOLOGY OF 309039 0 0 0 0 0 14104 0 9918 0 333061 0 0 0 ELISHA PILAR BENTON GILLIAM CHIEF TALENT NETWORKS OFFICER 285962 0 0 0 0 0 14298 0 9918 0 310178 0 0 0 JOHN GALANTE MANAGING DIRECTOR, CORPORATE ENGAGEM 266895 0 0 0 0 0 9233 0 22305 0 298433 0 0 0 ROBERTO ZELEDON CHIEF MARKETING OFFICER 249704 0 0 0 0 0 12481 0 30676 0 292861 0 0 0 RONDA THOMPSON CHIEF DIVERSITY, EQUITY, INCL. & BEL 254615 0 0 0 0 0 12731 0 20202 0 287548 0 0 0 CHRISTINE BARBER CHIEF OF STAFF 243885 0 0 0 0 0 10628 0 30676 0 285189 0 0 0 CATHERINE ANG NATIONAL DIRECTOR OF ENROLLMENT 239423 0 0 0 0 0 7356 0 30676 0 277455 0 0 0 TARA MIMI JENNINGS CHIEF PEOPLE OFFICER 259615 0 0 0 0 0 12981 0 0 0 272596 0 0 0 PHOEBE C WILLIAMS REGIONAL DIRECTOR OF PROGRAM 229975 0 0 0 0 0 9612 0 30676 0 270263 0 0 0 EBONY THOMAS INTERIM MANAGING PARTNER, GRADS OF L 232550 0 0 0 0 0 11627 0 10635 0 254812 0 0 0 LINZEY JONES MANAGING DIRECTOR, CORPORATE ENGAGEM 240408 0 0 0 0 0 0 0 10635 0 251043 0 0 0 MEREDITH JAREMCHUK CHIEF PROGRAM OFFICER (UNTIL 7/14/24 196567 0 0 0 0 0 7940 0 17854 0 222361 0 0 0 HEATHER HUTCHINSON INTERIM CHIEF PROGRAM OFFICER 194083 0 0 0 0 0 7435 0 20801 0 222319 0 0 0 PART I, LINE 4A THE FOUNDER AND FORMER CEO RETIRED FROM THAT ROLE IN 2023 AFTER 23 YEARS OF DEDICATED SERVICE TO YEAR UP AND ITS CONSTITUENTS AND RECEIVED A SEVERANCE PAYMENT IN 2024. HE CURRENTLY SERVES IN A PART-TIME CAPACITY AS SPECIAL ADVISOR. X 8950 VALUATION BY DONOR X 11 2849501 FAIR MARKET VALUE X LAPTOPS AND COMPUTER ACCESSORIES 4540 3009951 VALUATION BY DONOR X TRAVEL CERTIFICATES 0 29400 VALUATION BY DONOR 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES U.S. TRUST TO SELL DONATED STOCK. FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENTS: YEAR UP IS A NATIONAL NONPROFIT ORGANIZATION THAT ENABLES YOUNG ADULTS (AGES 18-29) TO MOVE FROM POVERTY TO PROFESSIONAL CAREERS IN ONE YEAR. WE SEEK TO CLOSE THE OPPORTUNITY DIVIDE-THE GAP BETWEEN THOSE WHO HAVE ACCESS TO EDUCATION, RESOURCES, AND LIVING-WAGE EMPLOYMENT, AND THOSE WHO DO NOT. YEAR UP'S MISSION IS TO CLOSE THE OPPORTUNITY DIVIDE BY ENSURING THAT YOUNG ADULTS GAIN THE SKILLS, EXPERIENCES, AND SUPPORT THAT WILL EMPOWER THEM TO REACH THEIR POTENTIAL THROUGH CAREERS AND HIGHER EDUCATION. IN ACHIEVING OUR MISSION, YEAR UP ACTS AS AN "OPPORTUNITY BROKER" BETWEEN YOUNG ADULTS AND CORPORATIONS LACKING ACCESS TO A WELL-TRAINED WORKFORCE AND A PIPELINE OF TALENT FOR APPROXIMATELY 14 MILLION VACANT JOBS THAT COMPANIES WILL STRUGGLE TO FILL BETWEEN NOW AND 2025. FORM 990, PART VI, SECTION B, LINE 11B THE FULL 990 IS REVIEWED IN DETAIL BY THE AUDIT COMMITTEE AT A FULL AUDIT COMMITTEE MEETING WITH OUR 990 PREPARER IN ATTENDANCE. THE CHAIR OF THE AUDIT COMMITTEE THEN REPORTS TO THE BOARD ANY CONCERNS ARISING FROM THE 990 OR STATES THAT THERE WERE NO ISSUES ARISING FROM THE 990 AND ASKS THAT THE FULL BOARD VOTE TO APPROVE THE 990. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL MEMBERS OF THE BOARD AND ALL KEY MANAGEMENT EMPLOYEES MUST SIGN THE CONFLICT OF INTEREST POLICY AND TAKE THIS INTO CONSIDERATION AS PART OF THE DUE DILIGENCE FOR ALL BUSINESS TRANSACTIONS. AFTER A DISCLOSURE OF A FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER A DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE REMAINING BOARD OR COMMITTEE MEMBERS DISCUSS AND DETERMINE BY VOTE WHETHER A CONFLICT OF INTEREST EXISTS. IF A POTENTIAL CONFLICT OF INTEREST EXISTS, A VOTE ON WHETHER OR NOT TO ENTER INTO THE TRANSACTION WILL BE TAKEN BY THE DISINTERESTED DIRECTORS OR MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR UP STAFF MEMBER, INCLUDING THE CEO, RECEIVES A 360 DEGREE REVIEW, WHICH INCLUDES A REVIEW FROM LOCAL OR NATIONAL BOARD FOR SENIOR EXECUTIVES, PRIOR TO RECEIVING A SALARY ADJUSTMENT. THIS REVIEW OCCURS ANNUALLY. INPUTS TO SALARY INCREASE ARE INFORMED BY A NUMBER OF FACTORS, INCLUDING BUT NOT LIMITED TO, COMPETENCY, PROFICIENCY, PERFORMANCE, EXPERIENCE, GEOGRAPHY, ORGANIZATIONAL GROWTH AND OVERALL ECONOMY. THE GOVERNING BOARD REVIEWS PERFORMANCE EVALUATIONS, SALARIES AND RECOMMENDATIONS FOR INCREASES FOR ALL YEAR UP EXECUTIVES ANNUALLY TO ENSURE OUR COMPENSATION SYSTEM IS FAIR AND EQUITABLE, AND IN LINE WITH MARKET ANALYSIS. YEAR UP SALARIES AND SALARY BANDS ARE REVIEWED AGAINST MARKET DATA ON AN ON-GOING BASIS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS AVAILABLE ON OUR WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF SUBSIDIARY -279,448. CHANGES IN PLEDGE DISCOUNT 346,946. FORM 990, PART XII, LINE 2C: THE SELECTION PROCESS HAS NOT CHANGED DURING THE TAX YEAR. YEAR UP PROFESSIONAL RESOURCES 11900 JOLLYVILLE ROAD UNIT 204082 AUSTIN TX 78759 455023664 STAFFING AND RECRUITING DE YEAR UP INC C 5069358 8865981 1.00000 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 1 YEAR UP PROFESSIONAL RESOURCES M 883132 FAIR MARKET VALUE YEAR UP PROFESSIONAL RESOURCES S 175634 FAIR MARKET VALUE