2013-05-16T15:18:38-05:00 2012-12-31 GRANT THORNTON LLP 226 CAUSEWAY STREET BOSTON MA 021142155 990 2012-01-01 043534407 Year Up Inc % ANDREA HAYWARD YEAR 6175421533 93 Summer Street Suite 5th Fl Boston MA 02110 GERALD CHERTAVIAN 6175421533 2013-05-15 true LAURA J KENNEY 6177237900 2012 2016-02-24 21:20:13Z GERALD CHERTAVIAN 93 Summer Street Boston MA 02110 51909867 false X WWW.YEARUP.ORG X 2000 MA TO CLOSE THE OPPORTUNITY DIVIDE BY PROVIDING URBAN YOUNG ADULTS WITH THE SKILLS, EXPERIENCE AND SUPPORT THAT WILL EMPOWER THEM TO REACH THEIR POTENTIAL THROUGH PROFESSIONAL CAREERS AND HIGHER EDUCATION. 13 12 439 1395 0 28143755 29474559 18261758 21942374 119290 273413 -80609 -196033 46444194 51494313 9139232 10206559 0 0 20713281 24779294 23450 51750 3984283 9973332 10817548 39849295 45855151 6594899 5639162 49421976 54904292 8297279 9083877 41124697 45820415 X YEAR UP'S MISSION IS TO CLOSE THE OPPORTUNITY DIVIDE BY PROVIDING URBAN YOUNG ADULTS WITH THE SKILLS, EXPERIENCE AND SUPPORT THAT WILL EMPOWER THEM TO REACH THEIR POTENTIAL THROUGH PROFESSIONAL CAREERS AND HIGHER EDUCATION. WE ACHIEVE THIS MISSION THROUGH A HIGH SUPPORT, HIGH EXPECTATIONS MODEL THAT COMBINES MARKETABLE JOB SKILLS, STIPENDS, INTERNSHIPS, COLLEGE CREDIT, A BEHAVIOR MANAGEMENT SYSTEM AND SEVERAL LEVELS OF SUPPORT TO PLACE THESE YOUNG ADULTS ON A VIABLE PATH TO ECONOMIC SELF-SUFFICIENCY. false false 611710 38050936 10206559 21942374 YEAR UP, INC. IS AN INNOVATIVE WORKFORCE DEVELOPMENT PROGRAM WHICH SERVES DISCONNECTED YOUNG ADULTS FROM MAJOR URBAN AREAS. YEAR UP IS BASED ON A SIMPLE PREMISE: IF YOUNG ADULTS FROM URBAN COMMUNITIES ARE CHALLENGED AND SUPPORTED TO LEARN REAL JOB SKILLS AND GAIN HANDS-ON WORK EXPERIENCE IN A CORPORATE ENVIRONMENT, THEY'RE MORE LIKELY TO GET LIVEABLE-WAGE JOBS AND GO ON TO COLLEGE. IN OUR TWELVE YEAR HISTORY, YEAR UP'S GROWTH TRAJECTORY HAS BEEN STEEP. WE HAVE INCREASED OUR ANNUAL OPERATING BUDGET FROM $700,000 IN 2001 TO $53 MILLION IN 2012. FROM A CLASS OF 22 STUDENTS IN 2001 WE HAVE SERVED APPROXIMATELY 1,800 STUDENTS IN 2012. YEAR UP NOW OPERATES IN TEN CITIES: BOSTON, PROVIDENCE, NEW YORK CITY, WASHINGTON DC, SAN FRANCISCO, ATLANTA, CHICAGO, BALTIMORE, SEATTLE, AND MIAMI. YEAR UP HAS UNIQUE PARTNERSHIPS WITH INSTITUTIONS OF HIGHER EDUCATION TO PROVIDE OUR STUDENTS WITH UP TO 23 COLLEGE CREDITS UPON GRADUATION. WE HAVE DEVELOPED A NETWORK OF MORE THAN 200 CORPORATE PARTNERS; COMPANIES THAT SUPPORT YEAR UP'S INTERNSHIP PROGRAM WHICH CURRENTLY ACCOUNTS FOR OVER 41% OF YEAR UP'S OPERATING REVENUE. YEAR UP'S MODEL WORKS. IN OUR TWELVE YEARS, IT HAS SERVED OVER 5,000 AT RISK YOUNG ADULTS. NEARLY 70% OF OUR STUDENTS HAVE COMPLETED THE INTENSIVE PROGRAM. MORE THAN 84% OF YEAR UP GRADUATES SECURE FULL-TIME OR PART-TIME EMPLOYMENT EARNING AN AVERAGE WAGE OF $15/HOUR (EQUIVALENT TO $30,000 ANNUAL SALARY) OR ENROLL IN COLLEGE FULL TIME WITHIN FOUR MONTHS OF GRADUATION. YEAR UP IS PROVIDING REAL OPPORTUNITIES FOR URBAN YOUNG ADULTS TO DEMONSTRATE THEIR POTENTIAL AND, AT THE SAME TIME, PARTNERING WITH CORPORATIONS TO PROVIDE THEM WITH A NEW SOURCE OF TALENT. RECENTLY RELEASED RESEARCH INDEPENDENTLY CONDUCTED BY ECONOMIC MOBILITY CORPORATION INDICATES THAT STUDENTS WHO COMPLETE THE YEAR UP PROGRAM HAVE ACCESS TO HIGHER QUALITY JOBS AND EARNED UP TO 30 PERCENT MORE THAN THOSE WHO DID NOT. 38050936 true true false true false false false false false false true false false false true true true false true false false false false true true false false false true true false false false false false false false false true false false false false false false false false true 87 0 true 439 true false false false false false true true false false false false X 13 12 false false false false false false false true true false false true true true true true true true true false CA FL GA IL MD MA NY RI VA WA X X ANDREA HAYWARD 6175421533 93 SUMMER STREET BOSTON MA 02110 Gerald Chertavian 40.0 X X 249999 0 12256 Paul Salem 1.0 X X 0 0 0 Peter Handrinos 1.0 X X 0 0 0 Timothy Dibble 1.0 X X 0 0 0 Gregory Walton 1.0 X 0 0 0 Shanique Davis 1.0 X 0 0 0 Lisa Jackson 1.0 X 0 0 0 Robert G Templin Jr 1.0 X 0 0 0 Melodie Mayberry-Stewart 1.0 X 0 0 0 Pedro Noguera 1.0 X 0 0 0 Kerry Sullivan 1.0 X 0 0 0 Gail Snowden 1.0 X 0 0 0 Rod McCowan 1.0 X 0 0 0 Susan Meehan 40.0 X 176770 0 16441 Andrea Hayward 40.0 X 147380 0 20007 William M Lehman 40.0 X 164200 0 20180 Kweku Forstall 40.0 X 180334 0 23079 Sandra Stark 40.0 X 166006 0 13241 Shawn J Bowen 40.0 X 165905 0 21364 Noel Anderson 40.0 X 148517 0 5895 JULIA SANTIAGO 40.0 X 136798 0 14845 1535909 0 147308 24 false true false DEVELOPMENT GUILDDDI 233 Harvard St Suite 107 BROOKLINE MA 02446 Executive Search 229128 Accounting Management Solutions 801 South St WALTHAM MA 02454 Accounting Services 214827 Scott Donohue 601 Belevedere St SAN FRANCISCO CA 94117 Program Management 135625 6 499229 2313455 26661875 489344 29474559 PROGRAM SERVICE FEE 611710 21942374 21942374 21942374 120778 120778 0 0 0 0 0 152635 152635 152635 90582 499229 415554 -324972 -324972 0 0 MISCELLANEOUS INCOME 900099 128939 128939 128939 51494313 21942374 77380 0 10206559 10206559 0 0 639847 252152 256567 131128 0 19226901 14419514 2121140 2686247 496946 468326 6449 22171 2790280 2158643 279790 351847 1625320 1240024 169075 216221 497867 378512 119355 8625 5641 2984 76646 55846 20800 16250 16250 51750 51750 0 1411101 1063688 203954 143459 109893 77335 32030 528 823472 779261 27569 16642 129712 78368 49710 1634 0 2859278 2838005 21273 940152 744241 137620 58291 0 387820 337629 47334 2857 292281 292281 0 1193614 714182 479432 56275 29912 26363 GRADUATION/ CATERING 616675 422488 118486 75701 MISCELLANEOUS 1397887 1024349 147731 225807 NATIONAL ALLOCATION 447730 -447730 45855151 38050936 3819932 3984283 1397865 3991103 7657826 9529205 19748216 19882580 4301501 5035765 0 0 0 0 0 0 0 0 440830 1164646 14246462 6896697 8245815 7349765 7629923 7911853 0 0 0 39375 0 0 0 0 49421976 54904292 3340586 4258903 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4956693 4824974 8297279 9083877 X 13333692 14999993 27791005 30820422 0 0 41124697 45820415 49421976 54904292 5639162 -943444 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 16250 16250 41854618 41870868 1000000 250000 false 1000000 1000000 1000000 1000000 4000000 6000000 166769 154668 95944 16250 433631 250000 250000 250000 250000 1000000 1500000 57566 0 57566 5092939 933705 4159234 1636896 915207 721689 6879685 4657661 2222024 636942 390124 246818 7349765 0 CAPITAL LEASE OBLIGATION 4824974 4824974 X 53015843 1105976 415554 1521530 51494313 51494313 48320125 2049420 415554 2464974 45855151 45855151 PART XII LINE 2D & PART XIII LINE 2D SPECIAL EVENT EXPENSES: $415,554 ASC 740 PART X LINE 2 The organization adopted the provisions of ASC 740, income taxes, effective January 1, 2009. As required by ASC 740-10, the organization recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. At January 1, 2009, the organization applied ASC 740 to all tax positions for which the statute of limitations remained open and determined there were no material unrecognized tax benefits as of that date. In addition, there have been no material changes in unrecognized benefits from January 1, 2012 to December 31, 2012. Management believes that the organization's statute of limitations for the years ending prior to December 31, 2009 are no longer subject to examination by tax authorities in its major tax jurisdictions. Accordingly, the organization has not recorded any provision for income taxes. true true true true true true true false false false false false false false false true false true PART I LINE 3 YEAR UP MAKES ITS RACIALLY NONDISCRIMINATORY POLICIES KNOWN TO THE GENERAL COMMUNITY THAT IT SERVES THROUGH ITS CORPORATE SPONSOR BROCHURE, JOB POSTINGS, ADMISSIONS MATERIAL, THE EMPLOYEE HANDBOOK, AND THE ORGANIZATION'S WEBSITE. PART I LINE 6A Year Up received grants from U.S. Department of Housing and Urban Development - supporting New York, U.S. Department of Education - supporting Rhode Island, U.S. Department of Health and Human Services (TANF) - supporting New York, U.S. Department of Labor (WIA) - supporting San Francisco, Washington DC, Washington State, The city of Providence, and the state of Rhode Island. The $2,192,561 in grants was for development to support the above mentioned states. X X X X X X X true Susan Ballati PhD ADVISORS LLC Consulting false 104703 51750 52953 104703 51750 52953 CA FL GA IL MD MA NY RI VA WA SF GAME ON GALA 207297 165425 41872 124761 NCR GEEK GALA 188400 172782 15618 98251 4 194114 161022 33092 192542 589811 499229 90582 415554 415554 -324972 true STUDENT TRANSPORTATION 898 314270 COLLEGE TUITION AND RELATED FEES 722 722520 EDUCATIONAL STIPENDS 2592 9169769 SCHEDULE I PART 1 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 finance manager. All education 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 finance manager. Transportation subsidies are also fully documented. Students earn college credits through program participation. Year Up pays the tuition fees related to those college credits. Those fees are paid directly to the participating educational institution and are monitored via internal control processes. X X X false false false false false false false false false Gerald Chertavian 249999 0 0 0 0 0 0 0 12256 0 262255 0 0 0 Susan Meehan 176770 0 0 0 0 0 8973 0 7468 0 193211 0 0 0 William M Lehman 164200 0 0 0 0 0 7924 0 12256 0 184380 0 0 0 Kweku Forstall 180334 0 0 0 0 0 9103 0 13976 0 203413 0 0 0 Sandra Stark 166006 0 0 0 0 0 7693 0 5548 0 179247 0 0 0 Shawn J Bowen 165905 0 0 0 0 0 8334 0 13030 0 187269 0 0 0 Andrea Hayward 147380 0 0 0 0 0 5121 0 14886 0 167387 0 0 0 Noel Anderson 148517 0 0 0 0 0 0 0 5895 0 154412 0 0 0 JULIA SANTIAGO 136798 0 0 0 0 0 0 0 14845 0 151643 0 0 0 X 15 301016 Fair Value X COMPUTERS 35 62612 FMV X SOFTWARE 0 125716 FMV false false true PART I, LINE 32A THE ORGANIZATION USES FIDELITY INVESTMENTS TO SELL DONATED STOCK. GOVERNANCE, MANAGEMENT AND DISCLOSURE PART VI SECTION B LINE 11A The full 990 is reviewed in detail by the audit committee at a full audit committee meeting with our 990 preparer Grant Thornton in attendance. After satisfaction of all audit committee review points, the full 990 is approved by the audit committee. At that time, the 990 in full is electronically mailed to the board of directors. Each director has the opportunity to review the 990 and to ask any questions in advance of filing. 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. GOVERNANCE, MANAGEMENT AND DISCLOSURE 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 to indicate that they complied with this policy. All senior members of Year Up's management are aware of the policy and take this into consideration as part of the due diligence for all business transactions. After disclosure of a Financial Interest and all material facts, and after 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. GOVERNANCE, MANAGEMENT AND DISCLOSURE 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. The most recent review was Q-1 2011 with primary market data of 20 peer organizations and secondary data from 8 sources representing thousands of organizations. Relevant data reviewed included academic sources, 2 year and 4 year public and private colleges; corporate training programs; business/computer training programs; technical and trade schools; and high schools. This review is conducted to ensure Year Up's compensation is competitive and in line with our market niche. The Human Capital Committee of the Board conducts the CEO review. Included in the committee file is a written performance review given to the CEO, a competitive benchmark study on executive level compensation, as well as documentation in the meeting minutes regarding a review of all executive compensation decisions. GOVERNANCE, MANAGEMENT AND DISCLOSURE PART VI SECTION C LINE 19 AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY DOCUMENTS ARE AVAILABLE UPON REQUEST. GOVERNANCE, MANAGEMENT AND DISCLOSURE PART VI, LINE 1b THE ONE NON-INDEPENDENT BOARD MEMBER IS THE CEO WHO IS A COMPENSATED EMPLOYEE. RECONCILIATION OF NET ASSETS PART XI, LINE 5 NONCASH DONATIONS OF SERVICES AND FACILITIES 1,105,976 USE OF DONATIONS OF SERVICES AND FACILITIES (2,049,420) -------------- (943,444)