2012-11-06T16:53:47-06:00 2012-06-30 330158349 LINK MURREL & CHANG LLP 18831 BARDEEN AVENUE STE 200 IRVINE CA 926121520 990 2011-07-01 330488250 THE YOUNG AMERICANS INC YOUN 9514936753 1132 OLYMPIC DRIVE CORONA CA 92881 CAMERON COY 9514936753 2012-10-29 1 TONY CHANG P00291883 9492611120 2012-10-29 2011 2016-02-24 21:20:13Z THE YOUNG AMERICANS CAMERON COY 1132 OLYMPIC DRIVE CORONA CA 92881 3338285 0 X WWW.YOUNGAMERICANS.ORG X 1992 CA TO PROVIDE CLASSES IN THE PERFORMING ARTS TO YOUNG PERFORMERS. FORMED TO BRING AN HONEST AND HEALTHY IMAGE OF AMERICAN YOUTH TO THE NATION AND TO ALL PEOPLE THROUGHOUT THE WORLD. 7 5 29 0 -9616 -9912 196766 247099 2795133 3070660 16619 10930 -22908 -3860 2985610 3324829 0 0 0 0 953820 1460509 0 0 34552 2204672 2322228 3158492 3782737 -172882 -457908 2434493 2161867 124666 743626 2309827 1418241 TO PROVIDE CLASSES IN THE PERFORMING ARTS TO YOUNG PERFORMERS. FORMED TO BRING AN HONEST AND HEALTHY IMAGE OF AMERICAN YOUTH TO THE NATION AND TO ALL PEOPLE THROUGHOUT THE WORLD. 0 0 2666698 2347558 OUTREACH TOURS: THE STUDENT MEMBERS TRAVEL TO "HOST SCHOOLS" AND PUT ON A THREE-DAY WORKSHOP FOR ELEMENTARY, JUNIOR HIGH AND HIGH SCHOOL LEVEL STUDENTS (THE "PARTICIPANTS"). THE STUDENT MEMBERS TEACH THE PARTICIPANTS SONG AND DANCE NUMBERS. AT THE CONCLUSION OF THE WORKSHOP, THE STUDENT MEMBERS AND THE PARTICIPANTS PERFORM TOGETHER IN A SHOW. 679673 723102 COLLEGE PROGRAM: THE ORGANIZATION OPERATES AN UNACCREDITED COLLEGE FOR ITS STUDENT MEMBERS. FORMED AS A SPECIALTY SCHOOL, THE COLLEGE BLENDS THE CONCEPTS OF THEORETICAL LEARNING WITH PRACTICAL APPLICATION, CONCENTRATED IN THE PERFORMING ARTS. THE TWO-YEAR PROGRAM OF STUDY CULMINATES IN THE AWARDING OF A PERFORMANCE CERTIFICATE. THE STUDENT MEMBERS PAY TUITION, RENT AND UTILITIES TO THE ORGANIZATION TO PARTICIPATE IN THE COLLEGE BASED UPON THEIR LEVEL OF COURSE ENROLLMENT. 3346371 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 68 0 29 1 1 1 1 UK GM 0 0 0 1 1 0 0 0 0 X 7 5 0 0 1 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 1 0 CA X CO CAMERON COY 9514936753 1132 OLYMPIC DRIVE CORONA CA 92881 WILLIAM H KERRY 0.00 X X 0 0 0 ANDREW GARCIA 0.00 X X 0 0 0 ANDREW MCGARITY 0.00 X 0 0 0 CAMERON COY 18.00 X X 55650 0 1670 PHIL LISLE 0.00 X 0 0 0 VANESSA BROWN 0.00 X 0 0 0 SUSAN JOHNSON 20.00 X 29458 0 896 MILTON C ANDERSON 40.00 X 90000 0 47356 WILLIAM BRAWLEY 40.00 X 105000 0 9551 280108 0 59473 1 0 0 0 0 247099 247099 TOURS 711190 1886865 1886865 TUITION & FEES 711190 723102 723102 SHOW INCOME 711190 355792 355792 MERCHANDISE SALES 711190 104901 104901 3070660 10930 10930 3840 13456 -9616 -9616 -9616 MISCELLANEOUS 900099 5756 5756 5756 3324829 3087346 -9616 0 416616 310710 91879 14027 665023 476823 172393 15807 294222 234748 58706 768 84648 60431 21712 2505 22355 22355 71044 71044 485289 485289 44497 44497 310829 286709 24120 880073 878628 1445 226 226 97423 82355 15068 136405 85469 50936 EQUIPMENT RENTAL 151804 151804 REUNION 116296 116296 CHRISTMAS SHOW EXPENSE 72173 72173 UTILITIES 62371 62371 -128557 -95557 -33000 3782737 3346371 401814 34552 75847 68350 1797690 1059957 195679 152954 29680 92590 36847 77407 1071591 407070 257945 664521 40805 46088 2434493 2161867 109490 223152 63431 141359 15176 315684 124666 743626 X 2299827 1417466 10000 775 2309827 1418241 2434493 2161867 X -457908 -433678 X X 0 1 1 X 0 X 164841 255321 265453 196766 247099 1129480 2216048 2896689 2520025 3449962 3757090 14839814 2380889 3152010 2785478 3646728 4004189 15969294 23236 23236 78032 122667 61617 52974 315290 78032 122667 61617 52974 23236 338526 15630768 65380 43056 21948 16619 10930 157933 3840 3840 65380 43056 21948 16619 14770 161773 127094 27032 4756 158882 2446269 3322160 2834458 3663347 4023715 16289949 0.95950 0.95340 0.00990 0.01390 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: PART III, SECTION B, LINE 12E: $4,756 GAIN ON FOREIGN CURRENCY TRANSLATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 422614 172470 250144 354827 190586 164241 294150 44014 250136 664521 SECURITY DEPOSITS 87338 DEFERRED RENT 29261 PENSION PLAN LIABILITY 192533 POSTRETIREMENT BENEFIT OBLIGATION 6552 315684 3324829 3782737 -457908 -433678 -433678 -891586 3338285 0 3338285 -13457 -13457 3324828 4229871 0 4229871 -447135 -447135 3782736 PART XI, LINE 8 - OTHER ADJUSTMENTS: ACCRUAL TO CASH ADJUSTMENT -433,678. PART XI, LINE 8, OTHER ADJUSTMENT OF $433,678: THIS IS AN ACCRUAL TO CASH ADJUSTMENT (SEE SCHEDULE O, EXPLANATION TO FORM 990, PART XI, LINE 5). PART X, LINE 2: FIN 48 FOOTNOTE DISCLOSURE. THE YOUNG AMERICANS, INC. FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES 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 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 YOUNG AMERICANS INC.'S FINANCIAL STATEMENTS AS A RESULT OF THESE PROVISIONS. THE ORGANIZATION'S FORM 990, RETURN FOR ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDED JUNE 30, 2009 THROUGH 2011 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE ORGANIZATION'S CALIFORNIA FORM 199, CALIFORNIA EXEMPT ORGANIZATION ANNUAL INFORMATION RETURN, FOR THE YEARS ENDED JUNE 30, 2008 THROUGH 2011 ARE SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD. ENGLAND PROGRAM SERVICES OUTREACH TOURS 228787 GERMANY PROGRAM SERVICES OUTREACH TOURS 459789 JAPAN PROGRAM SERVICES OUTREACH TOURS 43648 0 0 0 0 0 0 732224 0 732224 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: THE ACCRUAL METHOD WAS USED TO ACCOUNT FOR EXPENDITURES. FORM 990, PART VI, SECTION A, LINE 4 THE CALIFORNIA LEGISLATURE PASSED AB 1233 WHICH AMENDED SEVERAL PROVISIONS OF THE NONPROFIT CORPORATION LAW. THE ORGANIZATION UPDATED ITS BYLAWS TO BE IN COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 11 A FINAL DRAFT OF THE 990 WAS CIRCULATED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CFO, AND MEMBER OF THE BOARD, REGULARLY REVIEWS ALL MATERIAL TRANSACTIONS IN WHICH THE ORGANIZATION BECOMES INVOLVED TO IDENTIFY ANY POTENTIAL TRANSACTIONS THAT MAY FALL WITHIN THE CONFLICT POLICY AND TO ENSURE THAT THERE ARE NO TRANSACTIONS THAT HAVE NOT BEEN IDENTIFIED AND DISCLOSED PURSUANT TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 15B COMPENSATION OF ALL EMPLOYEES IS ESTABLISHED BY THE CEO AND THOSE FOR HIGH LEVEL EMPLOYEES ARE SUBJECT TO REVIEW BY THE CFO, AND THE BOARD, WHERE NECESSARY FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AND STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: ACCRUAL TO CASH ADJUSTMENT -433,678. TOTAL TO FORM 990, PART XI, LINE 5: -433,678. 990, PART XII, LINE 2C THE PROCESS REMAINED THE SAME AS IN THE PRIOR YEAR.