2019-01-22T12:13:56-06:00 2018-05-31 480573184 REGIER CARR & MONROE LLP 300 W DOUGLAS AVE STE 900 WICHITA KS 672022914 990 2017-06-01 481187886 YOUTH ENTREPRENEURS INC YOUT 3168283938 4111 E 37TH STREET N NO D101 WICHITA KS 67220 TRACEY ANDRIST ASSISTANT TREASURER 3168283938 2019-01-22 0 LAURA LEHMER P01252614 3162642335 2019-01-22 64.88.174.3 2019-01-22 12:12:25 CS P 3A09C8925B2760D2A6837070B8C3B49F81CC66C4 0A8E55678B7B83B4EC5760EDEE9C0368C65AAAD9 2017 2019-02-21 02:37:17Z YOUTH ENTREPRENEURS KYLIE STUPKA 4111 E 37TH STREET N NO D101 WICHITA KS 67220 11742609 0 X WWW.YOUTHENTREPRENEURS.ORG X 1996 KS ENTREPRENEURIAL EDUCATION PROGRAMS FOR YOUTH AND YOUNG ADULTS. 7 7 59 332 0 0 7668119 11529404 62152 180954 -1339 691 212962 -30382 7941894 11680667 250767 43640 0 0 1745906 4704579 0 0 1188122 1270400 2803146 3267073 7551365 4674821 4129302 6924458 10690203 610894 235911 6313564 10454292 X TO (I) EDUCATE YOUNG PEOPLE AND ADULTS WITH RESPECT TO ENTREPRENEURSHIP AND BUSINESS GENERALLY; AND (II) ENCOURAGE THE PRACTICE OF ENTREPRENEURSHIP BY YOUNG PEOPLE AND ADULTS. YOUTH ENTREPRENEURS SEEKS TO PROVIDE STUDENTS WITH BUSINESS AND ENTREPRENEURIAL EDUCATION AND EXPERIENCES TO HELP THEM PROSPER AND BECOME CONTRIBUTING MEMBERS OF SOCIETY. WE WILL DO THIS BY STIMULATING ECONOMIC THINKING SKILLS; ENCOURAGING CREATIVE, INTELLIGENT RISK-TAKING; PROVIDING PRACTICAL BUSINESS EXPERIENCE; AND INSTILLING INDEPENDENCE AND PERSONAL RESPONSIBILITY. WE CULTIVATE AN ENTREPRENEURIAL MINDSET IN EDUCATORS AND THE STUDENTS THEY TEACH THROUGH OUR EXPERIENTIAL LEARNING MODEL AND OPPORTUNITIES TO APPLY THOSE LEARNINGS, FOSTERING PERSONAL TRANSFORMATION AND SELF-ACTUALIZATION IN EDUCATORS, STUDENTS AND ALUMNI, WHO IN TURN POSITIVELY IMPACT THEIR COMMUNITIES. 0 0 5702494 43640 180954 THE 2017-2018 SCHOOL YEAR WAS ONE OF UNPRECEDENTED GROWTH FOR YOUTH ENTREPRENEURS (YE). THE PROGRAM SAW AN INCREASE OF 62% IN THE NUMBER OF STUDENTS TO 3,487 AND A 42% INCREASE IN EDUCATORS TO 182 FROM THE PREVIOUS SCHOOL YEAR. THIS INCREASE, A FIRST EFFORT AT SCALING THE PROGRAM, ENABLED EVEN MORE STUDENTS WITH THE ENTREPRENEURIAL SKILLS, VALUES AND VISION TO PURSUE THEIR DREAMS. OVER THE COURSE OF THE YEAR, YE ALSO DEVELOPED AND EXECUTED NEW TRAINING PROGRAMS AND AN ONLINE PLATFORM, YE ACADEMY, FOR CURRENT, NEW AND PROSPECTIVE YE EDUCATORS, ARMING THEM WITH THE TOOLS THEY NEED TO BE SUCCESSFUL WITH YE'S EXPERIENTIAL PROGRAM. AND FOR STUDENTS? A CLASSROOM OPPORTUNITY THAT ALLOWED FOR REAL-WORLD APPLICATION, MARKET DAY, ILLUSTRATED WHAT EARNED SUCCESS LOOKED LIKE WHEN OVER 750 STUDENT GROUPS CREATED THEIR POP-UP BUSINESSES. STUDENTS ALSO PARTICIPATED IN THE BIG IDEA BUSINESS PITCH COMPETITION, WHERE $31,350 IN CAPITAL GRANTS WERE AWARDED TO THE TOP PERFORMERS. MANY EXPERIENCES WERE OFFERED TO YE ALUMNI AS WELL, INCLUDING SUMMER PARTNERSHIPS, INTERNSHIPS, SCHOLARSHIPS THROUGH PARTNERING ORGANIZATIONS, MENTORSHIPS, AND NETWORKING EVENTS, ALL IN AN EFFORT TO CONTINUE TO SET STUDENTS UP FOR SUCCESS, NOT ONLY IN BUSINESS, BUT IN LIFE. 5702494 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 1 317 0 1 59 1 0 0 0 0 0 1 1 0 0 0 0 X 7 7 1 0 1 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 0 CA GA IL KS MI OH X X TRACEY ANDRIST 3168283938 4111 E 37TH STREET N NO D101 WICHITA KS 67220 ELIZABETH B KOCH DIRECTOR/CHAIRWOMAN 9.50 X X 0 0 0 DALE GIBBENS DIRECTOR/VICE CHAIRMAN 2.00 X X 0 0 0 BRENNAN BROWN DIRECTOR 1.00 X 0 0 0 CURLEY DOSSMAN DIRECTOR 1.00 X 0 0 0 PHILIP ELENDER DIRECTOR 1.00 X 0 0 0 WW HANNA DIRECTOR 10.00 X 0 0 0 ANNIE KOCH DIRECTOR 1.50 X 0 0 0 ROBERT HEATON TREASURER 1.00 X 0 0 0 BRIAN MENKES SECRETARY 1.00 X 0 0 0 MARTIN KWEDAR ASSISTANT SECRETARY 1.50 X 0 0 0 TRACEY ANDRIST ASSISTANT TREASURER 40.00 X 177128 0 9949 KYLIE STUPKA PRESIDENT 40.00 X 275045 0 21020 PHOEBE BACHURA EXECUTIVE DIRECTOR 40.00 X 150027 0 18489 602200 0 49458 3 0 1 0 FERVOR LLC 1705 SUMMIT ST KANSAS CITY MO 64108 AGENCY MARKETING AND WEBSITE DEVELOPMENT 536155 1 450872 11078532 56568 11529404 MISCELLANEOUS 611600 100419 100419 SCHOOL SITE SERVICE FEES 611600 52764 52764 BREAKFAST SEMINAR FEES 611600 20020 20020 OTHER FEE INCOME 611600 7751 7751 180954 541 541 15190 15040 150 150 150 16520 450872 46902 -30382 -30382 11680667 180954 0 -29691 43640 43640 957240 595425 201546 160269 2939922 2140229 295899 503794 102636 77115 7574 17947 406234 308088 34965 63181 298547 209364 37550 51633 29625 29625 643775 591318 9819 42638 70044 37406 89 32549 464971 370806 19059 75106 93835 65607 5641 22587 162192 93796 3088 65308 782100 672726 8916 100458 49529 38082 1594 9853 409891 392571 2423 14897 38620 26401 2752 9467 MISCELLANEOUS COURSE CO 28993 27950 5 1038 MEMBERSHIPS AND DUES 18842 11889 445 6508 OTHER 10729 81 -241 10889 7551365 5702494 660749 1188122 3689992 8141723 1248729 1220061 1253965 8355 22018 102989 411520 1877171 1016194 654332 860977 6924458 10690203 246379 179481 350765 1600 13750 54830 610894 235911 X 5536965 8062167 776599 2392125 6313564 10454292 6924458 10690203 4129302 11426 0 X X 0 1 X 1 0 X 1929052 2278046 3140304 8074849 11529404 26951655 1929052 2278046 3140304 8074849 11529404 26951655 7549184 19402471 443 1189 787 402 541 3362 26955017 651073 0.71980 0.68530 X 135025 58208 76817 1742146 957986 784160 860977 X 12668814 971602 16545 988147 11680667 0 11680667 8528086 960176 16545 976721 7551365 0 7551365 PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AS A KANSAS NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), WHICH QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI), BECAUSE IT HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE ORGANIZATION IS REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS ANNUALLY. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE ORGANIZATION HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING RELATED EXPENSES 16,545. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING RELATED EXPENSES 16,545. BIZ BANG 418568 418568 28 14397 GOLF TOURNAMENT 30274 19644 10630 19629 912 1 18550 12660 5890 6524 5412 467392 450872 16520 26181 20721 46902 -30382 1 CAPITAL GRANTS 155 43640 PART I, LINE 2: PRIOR TO RECEIVING FUNDS, GRANT RECIPIENTS AND THEIR PARENT/GUARDIAN SIGN THE ORGANIZATION'S GRANT TERMS AND CONDITIONS ACKNOWLEDGEMENT FORM, WHICH STATES THE PURPOSES FOR WHICH GRANT FUNDS MAY BE USED. X X 0 0 0 0 0 0 0 1 0 TRACEY ANDRIST ASSISTANT TREASURER 157083 0 20000 0 45 0 6017 0 4427 0 187572 0 0 0 KYLIE STUPKA PRESIDENT 175000 0 100000 0 45 0 8375 0 13140 0 296560 0 0 0 PHOEBE BACHURA EXECUTIVE DIRECTOR 120000 0 30000 0 27 0 6000 0 12984 0 169011 0 0 0 PART I, LINE 7 INCENTIVE COMPENSATION IS BASED ON THE INDIVIDUAL'S CONTRIBUTION TO THE ORGANIZATION. IT IS NOT BASED ON THE FINANCIAL RESULTS OF THE ORGANIZATION NOR ON A FIXED FORMULA. TOTAL COMPENSATION IS REVIEWED TO ENSURE IT IS IN LINE WITH FAIR MARKET VALUES. X 2 15040 COST OF SECURITIES X AUCTION ITEMS 36 25567 FAIR MARKET VALUE X OTHER 18 15961 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ANNIE KOCH IS THE DAUGHTER-IN-LAW TO ELIZABETH KOCH. VARIOUS OFFICERS AND DIRECTORS HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED AND RESTATED ON JUNE 1, 2017 TO REFLECT THE ORGANIZATION'S NAME CHANGE, THE SOLE MEMBER CHANGING FROM YOUTH ENTREPRENEURS FOUNDATION TO THREE INITIAL MEMBERS, AND THE ELIMINATION OF REDUNDANT INFORMATION. FORM 990, PART VI, SECTION A, LINE 6 YE IS A MEMBERSHIP CORPORATION. MEMBERS HAVE SUCH RIGHTS AND ARE ENTITLED TO VOTE ON MATTERS AS PROVIDED FOR IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS, REFERRED TO IN PART VI, SECTION A, LINE 6, HAVE THE AUTHORITY TO ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B APPROVAL BY THE MEMBERS IS REQUIRED TO: ELECT AND REMOVE DIRECTORS, AMEND THE ORGANIZATION'S GOVERNING DOCUMENTS, AND TO ENGAGE IN ANY SIGNIFICANT TRANSACTION AS FURTHER DESCRIBED IN THE ORGANIZATION'S GOVERNING DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES THE FORM 990, WHICH IS THEN REVIEWED BY THE ASSISTANT TREASURER, TREASURER AND EXECUTIVE DIRECTOR. ANY COMMENTS OR CONCERNS ARE ADDRESSED AND ANY CHANGES ARE MADE TO THE DRAFT COPY, IF NECESSARY. A COPY OF THE CORRECTED DRAFT FORM 990 AND ALL RELATED SCHEDULES IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A COPY OF YE INC.'S POLICY ON CONFLICT OF INTEREST IS GIVEN TO ALL DIRECTORS AND OFFICERS AT THE BEGINNING OF THEIR TERM OF SERVICE. EACH PERSON IS MADE AWARE AND ACKNOWLEDGES THEIR UNDERSTANDING OF AND ADHERENCE TO THE POLICY AND EACH PERSON IS REQUIRED TO DISCLOSE TO THE BOARD VARIOUS POTENTIAL CONFLICTS OF INTEREST AS SET FORTH IN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE, WHICH IS COMPRISED OF INDEPENDENT VOTING MEMBERS, PERFORMED A COMPENSATION REVIEW IN 2017 FOR THE PRESIDENT POSITION. AS DEEMED NECESSARY, AN INDEPENDENT CONSULTANT IS USED TO PROVIDE A MARKET STUDY REPORT TO GAUGE WHERE THE MEDIAN SALARY IS FOR THE MARKET IN KANSAS AND LOCAL AREAS OF WICHITA, TOPEKA AND KANSAS CITY. THEY MAY ALSO OBTAIN RESEARCH DATA ON COMPARABLE POSITIONS WITHIN THE NON-PROFIT SECTOR IN KANSAS, TOPEKA AND KANSAS CITY, USING 990 PUBLISHED DATA. THE COMPENSATION COMMITTEE USES THE DATA TO DETERMINE THE PROPER COMPENSATION AMOUNT FOR THE UPCOMING YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS REFERRED TO IN PART VI, SECTION C, LINE 19 ARE MADE AVAILABLE IN ACCORDANCE WITH IRS RULES. FORM 990, PART XII, LINE 2C: THE FINANCIAL STATEMENTS ARE REVIEWED IN DRAFT FORMAT BY THE ASSISTANT TREASURER, TREASURER AND EXECUTIVE DIRECTOR. ANY COMMENTS ARE ADDRESSED AND ANY CHANGES ARE MADE TO THE DRAFT COPY, IF NECESSARY. A COPY OF THE REVISED FINANCIAL STATEMENTS AND RELATED LETTERS IS THEN PROVIDED TO ALL MEMBERS OF THE BOARD FOR THEIR REVIEW AND APPROVAL.