2022-05-16T11:21:03-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2020-07-01 330488250 THE YOUNG AMERICANS INC YOUN 9514936753 1132 OLYMPIC DRIVE CORONA CA 92881 LEIF GREEN CEO 9514936753 2022-05-16 1 LEIF GREEN 999009999 LISA N RYSSEL CPA P00643670 7149781300 2022-05-16 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z LEIF E GREEN 3115402 0 X WWW.YOUNGAMERICANS.ORG X 1992 CA TO PROMOTE UNDERSTANDING AND GOODWILL AMONG PEOPLE THROUGH THE WORLD THROUGH MUSIC, DANCE, PERFORMANCE, ACADEMIC EDUCATION, AND CULTURAL INTERACTION AMONG STUDENT MEMBERS AND THEIR AUDIENCES. 8 8 59 10 0 0 1820943 2225979 4024352 291569 0 34382 84124 22590 5929419 2574520 0 0 0 0 2174850 699326 0 0 55677 2986374 1728721 5161224 2428047 768195 146473 2413250 2850388 1076992 1305112 1336258 1545276 X TO PROMOTE UNDERSTANDING AND GOODWILL AMONG PEOPLE THROUGH THE WORLD THROUGH MUSIC, DANCE, PERFORMANCE, ACADEMIC EDUCATION, AND CULTURAL INTERACTION AMONG STUDENT MEMBERS AND THEIR AUDIENCES. 0 0 638432 160530 THE YOUNG AMERICANS MUSIC OUTREACH PROGRAMS CONDUCTED PERFORMING ARTS EXPERIENCES IN 200 COMMUNITIES AROUND THE WORLD, THROUGH 12 TOURING COMPANIES AND IMPACTING 55,000 CHILDREN'S LIVES. THESE PROGRAMS BRING A LIVE AND INTERACTIVE PERFORMING ARTS EXPREIENCE INTO HOST SCHOOLS AND COMMUNITIES. THE PROGRAM'S PURPOSE IS TO USE THE CHALLEGE OF LEARNING A SHOW IN JUST A FEW DAYS AS THE CHALLENGE GOAL TO HELP CHILDREN BUILD THEIR SELF-ESTEEM. SUPPORTED BY THE CAST OF YOUNG AMERICANS, WHO SERVE AS PEER LEADERS AND MENTORS, EACH PARTICIPATING STUDENT IS ENCOURAGE AND SUPPORTED TO STEP OUT OF THEIR COMFORT ZONE AND EXPRESS THEMSELVES THROUGH SONG, DANCE, AND PERFORMANCE. BY FYE 2020, THE YOUNG AMERICANS HAD COMPLETED ITS SUMMER DINNER THEATRE IN BOYNE HIGHLANDS, MICHIGAN (SPANNING FROM THE 3RD WEEK IN JUNE TILL THE 3RD WEEK IN AUGUST). ADDITIONALLY, THE YOUNG AMERICANS COMPLETED A THIRD OF ITS OUTREACH TOURS AND CAMPS, TO INCLUDE ITS MAJOR INTERNATIONAL TOUR IN JAPAN. MOREOVER, IT SUCCESSFULLY CONDUCTED ITS ANNUAL CHRISTMAS SHOW PERFORMANCE, "THE MAGIC OF CHRISTMAS" AT LA MIRADA THEATRE (SPANNING FROM DECEMBER 5TH THROUGH 15TH FOR A TOTAL OF 13 INDIVIDUAL SHOWS). 672208 199528 THE YOUNG AMERICANS COLLEGE OF PERFORMING ARTS IS A CONSERVATORY-STYLE PROGRAM OF STUDY FOR STUDENTS WHO WISH TO COMBINE INTENSIVE PERFORMING ARTS TRAINING WITH SERVICE-BASED LEARNING EXPERIENCES THAT BRAODEN THE UNDERSTANDING OF THE GLOBAL COMMUNITY. THE LEARNING EXPERIENCE AT THE YOUNG AMERICANS COLLEGE OF THE PERFORMING ARTS IS UNIQUE. THE STUDENTS ARE NOT ONLY PURSING THEIR EDUCAITON GOALS, BUT THEY ARE ALSO CAST MEMBERS IN THE WORLD-RENOWNED PERFORMANCE COMPANY, THE YOUNG AMERICANS, AND THEY ALSO PERFORM AND TRAVEL ACROSS THE UNITED STATES AND AROUND THE WORLD. THE YOUNG AMERICAN COLLEGE OF THE PERFORMING ARTS BOASTS AN 85 STUDNET RETENTION RATE AND A 92 INSTITUTIONAL COURSE COMPLETION RATE. THE YOUNG AMERICANS COLLEGE OF THE PERFORMING ARTS HAD A GRADUATION CERMONY IN DECEMBER 2019, WHERE OVER 30 OF THE 69 SOPHOMORES RECEIVED THEIR ASSOCIATES OF ARTS DEGREES; THE REMAINING STUDENT WERE SET TO RETURN IN SPRING AND FALL 2020, RESPECTIVELY. 1310640 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 59 1 0 0 0 0 0 1 1 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X LEIF E GREEN 9514936753 1132 OLYMPIC DRIVE CORONA CA 92881 KENNETH B MORRIS JR BOARD PRESIDENT 1.00 X X 0 0 0 LEIF E GREEN BOARD VP/CEO- START 6/4/21 40.00 X X 0 0 0 ANDREW MCGARITY BOARD TREASURER 1.00 X 0 0 0 VANESSA ANN BROWN DIRECTOR 1.00 X 0 0 0 MICHELLE LUND DIRECTOR 1.00 X 0 0 0 DAVID KLEIN DIRECTOR 1.00 X 0 0 0 CAROL P SCHANER BOARD SECRETARY 1.00 X 0 0 0 MARC CHERRY DIRECTOR 1.00 X 0 0 0 ANDRES LUNA II PAST CEO (7/3/20-6/3/21) 40.00 X 62500 0 1500 62500 0 1500 0 0 0 0 0 752745 1473234 2225979 COLLEGE TUITION/FEES 611600 198372 198372 PERFORMANCES 711190 91005 91005 STUDENT HOUSING 721310 1156 1156 MERCHANDISE SALES 711190 1036 1036 291569 9870 9870 498867 66527 488186 52696 10681 13831 24512 24512 OTHER INCOME 900099 22590 22590 22590 2574520 314159 0 34382 134000 53600 80400 494980 191097 303883 19246 6990 12256 51100 19470 31630 7350 7350 93224 93224 5529 5529 26040 24540 1500 41887 9392 8266 24229 439898 308076 129828 1994 177328 165296 11094 938 20540 19330 1210 151103 128127 22976 58285 5457 52828 CONTRACT LABOR 376921 145054 209017 22850 DUES AND SUBSCRIPTIONS 53699 34676 18578 445 OTHER BUSINESS EXPENSE 44951 19529 25179 243 LIBRARY 42899 42899 0 0 189067 129757 55832 3478 2428047 1310640 1061730 55677 1067475 1681539 511995 315138 56192 23236 5356 33636 2136282 1867741 322706 268541 343467 413554 27352 49399 78707 65345 2413250 2850388 71947 202682 410000 410000 472540 479912 122505 212518 1076992 1305112 X 1192964 1466989 143294 78287 1336258 1545276 2413250 2850388 146473 62545 0 X X 0 1 X 1 0 X 1645075 978068 902489 1820943 2225979 7572554 5197131 4521258 5069256 4024352 291569 19103566 6842206 5499326 5971745 5845295 2517548 26676120 206852 151000 426526 491477 555524 1831379 0 206852 151000 426526 491477 555524 1831379 24844741 -4868 -3117 9981 84124 56972 143092 -4868 -3117 9981 84124 56972 143092 6837338 5496209 5981726 5929419 2574520 26819212 0.92640 0.94740 0.00530 0.00330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76351 0 1936 78287 75301 0 1050 76351 0 75301 0 75301 0 0 778237 714217 64020 752675 620991 131684 605370 532533 72837 268541 INVESTMENT 413554 C 413554 DEFERRED RENT 138385 LINE OF CREDIT 74133 212518 2631484 62493 62493 2568991 5529 5529 2574520 2422518 0 2422518 5529 5529 2428047 PART XII, LINE 4B - OTHER ADJUSTMENTS: MANAGEMENT FEE FOR INVESTMENT 5,529. PART X - FASB ASC 710 FOOTNOTE THE ORGANIZATION FOLLOWS THE ACCOUNTING PROVISIONS FOR UNCERTAINTY IN INCOME TAXES AS RECOGNIZED IN A NONPUBLIC ENTITY'S FINANCIAL STATEMENTS. IT DETAILS HOW ENTITIES SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE UNCERTAIN TAX POSITIONS THAT HAVE BEEN OR ARE EXPECTED TO BE TAKEN. AS SUCH, FINANCIAL STATEMENTS WILL REFLECT THE EXPECTED FUTURE TAX CONSEQUENCES OF UNCERTAIN TAX POSITIONS PRESUMING THE TAXING AUTHORITIES' FULL KNOWLEDGE OF THE POSITION AND ALL RELEVANT FACTS. THERE WAS NO IMPACT TO THE ORGANIZATION'S FINANCIAL STATEMENTS AS A RESULT OF THESE PROVISIONS. PHIL LISLE DIRECTOR COLLATERAL X 310000 310000 0 1 1 WILLIAM DEMMER DIRECTOR COLLATERAL X 100000 100000 0 1 1 410000 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS CIRCULATED TO ALL BOARD MEMBERS VIA EMAIL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CFO REGULARLY REVIEWS ALL MATERIAL TRANSACTIONS IN WHICH THE ORGANIZATION BECOMES INVOLVED TO IDENTIFY ANY POTENTIAL TRANSACTIONS THAT MAY FALL WITHIN THE CONFLICTS POLICY AND TO ENSURE THAT THERE ARE NO TRANSACTIONS THAT HAVE NOT BEEN IDENTIFIED AND DISCLOSED PURSUANT TO THE ORGANIZATION'S CONFLICTS OF INTEREST POLICY. IN ADDITIONA, EACH BOARD MEMBER IS REQUIRED TO NOTIFY THE BOARD PRESIDENT, ON AN ANNUAL BASIS, IN WRITING, OF ANY TRANSACTION THAT MAY BE CONSIDERED TO VIOLET THE CONFLICTS POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL EMPLOYEES IS ESTABLISHED BY THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER, AND COMPENSATION FOR HIGH ELVEL EMPLOYEES, INCLUDING THE CHIEF EXECUTIVE OFFICER, IS SUBJECT TO REVIEW BY THE COMPENSATION COMMITTEE, COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD AT LEAST EVERY 2 YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIALS STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE COMPANY'S AUDITED FINANCIAL STAEMNETS ARE AVAILABLE ON ITS WEBSITE. FORM 990, PART XII, LINE 2C: THERE ARE NO CHANGES FROM THE PRIOR YEAR.