Year Up Inc. Boston General Information 45 Milk Street, 9th Floor Boston, MA 02109 (857) 288-1443 Website http://www.yearup.org Organization Contact Maren Peterson mpeterson@yearup.org Year of Incorporation 2000 1
Statements & Search Criteria Mission Statement Year Up is a national non-profit organization, operating in 21 cities across the country. Year Up's founder, Gerald Chertavian, founded the first Year Up in Boston in 2000 after he saw the real impact that being born into challenging circumstances can have on a young person through his volunteer service as a Big Brother. It is his vision that Year Up will address the inequity of opportunity experienced by six million young people while simultaneously providing a solution to the talent shortage that our nation's employers are facing. The first class of 22 Year Up students was enrolled in July 2001. To date, we have served 18,000+ young adults across the country and over 4,000 locally, as we strive to realize our mission and close the Opportunity Divide that exists between young adults disconnected from work and school, and Fortune 1000 companies looking for skilled and diverse talent. We have established relationships with 50+ employer partners in and around the city, and our graduates have consistently met the Year Up measures of success. Our mission is to close the Opportunity Divide by providing young adults with the skills, experience, and support that will empower them to reach their potential through professional careers and higher education. To achieve this mission, we offer a one-year "high support, high expectation" program that combines marketable job skills, stipends, internships, wraparound support services, and college credit recommendations. We equip young people with the technical acumen and professional skills required to thrive in entry-level, middle-skill roles and empower them to balance work, life, and personal responsibilities in a meaningful way that will lead to continued career mobility, lifelong learning, and economic self-sufficiency. 2
Background Statement Our prosperity depends on preparing the next generation of talent for the next generation of jobs, but traditional systems of education and training are not keeping pace with market demand. An estimated six million young adults, aged 18-24, are unemployed, under-employed, have not progressed academically beyond a high school diploma or GED, and are generally "disconnected" from the economic mainstream. These young adults, the Opportunity Youth, reside on one side of the Opportunity Divide. On the other side are Fortune 1000 companies across the U.S., who are facing unforeseen labor market challenges, as they require skilled workers to fill an estimated 12 million jobs that will be available through 2025. To respond to these challenges, Year Up Greater Boston enrolls two student cohorts annually at our three locations: core (Downtown Boston), employer-based (State Street Corporation in Quincy, MA), and college-based (Roxbury Community College in the Roxbury neighborhood of Boston, MA). Year Up has developed a training curriculum specifically focused on tools needed to excel in the technology, financial operations, and sales job markets. The program begins with a 21-week classroom-based, career track-focused course component that develops both their technical (hard) and professional (soft) skills. The program continues for a second six months, when students are placed in a 35-hour per week corporate internship with one of 50+ Boston area companies. Students return to Year Up for an Internship Seminar course once weekly. Vital to their career development after graduation, the course focuses on college preparation and career development with activities that include updating resumes, perfecting interview skills, college searching, and networking. Following the internship, students attend their Year Up graduation and are immediately inducted into the local and national chapters of the Alumni Association. Year Up supports our alumni after they complete the program with job placement and college re-enrollment assistance from our Employment Placement Team. Over the course of the program, students earn college credits from our college-based location at Roxbury Community College and college credit recommendations evaluated by the American Council of Education (ACE) at our employer-based (State Street Corporation) and core locations. Year Up serves 18-24 year old, low-income urban young adults because this age range presents a pivotal time for supporting young people through successful transitions from school into the economic mainstream, and toward long-term success. Year Up Boston positively impacts area youth that are the least advantaged, both economically and socially: 85% of our graduates are employed or enrolled in school full-time within four months of graduation. Of those graduates who are employed, the average starting salary is greater than or equal to $15/hour, or approximately $30,000 per year. Participation in Year Up s programming has been demonstrated to boost lifetime earnings by 30% (EMC, 2011), and we continue to evaluate our program model to assess overall impact. Our ability to respond to Boston s underserved youth in terms of increasing capacity speaks for itself: Year Up served its first 22 students in 2001, and has since expanded twenty-fold to serve over 400 students in 2016. All told, over the last 17 years, Year Up Boston has served more than 4,000 young adults in the Boston area. We recognize the factors contributing to long-term unemployment in our students (e.g., struggles with families, poverty, parenting, homelessness, mental or physical health issues, and prior criminal justice system involvement), and address these issues throughout each student s experience at Year Up by providing comprehensive wraparound services. Our holistic approach focuses on students educational, professional and personal development in order to place these young adults on a viable path to economic self-sufficiency and security. Year Up has a built-in, employer partner feedback loop so that our student training can adjust to meet the changing demands of the Boston area marketplace. Despite substantial growth over 17 years, we have not compromised any aspect of our high service/high support model for students as 3
we increase capacity. Our outcomes have stayed consistent and employer partners continue to be our largest regular revenue source through internship fees, allowing us to well sustain Year Up Greater Boston, while providing employer partners with talented, trained interns. 4
Impact Statement In addition to boosting young adults annual earnings by approximately 30% compared to a control group (confirmed by a 2011 independently conducted research report by the Economic Mobility Corporation) we regularly surpass the following ambitious outcomes: 90% of employers express satisfaction with our students during internship 75% of students graduate from the program 45% of students convert their internships into full-time job offers 85% of graduates obtain employment and earning an average wage of $16.50/hour and/or are enrolled in college four months after graduating from Year Up MONITORING PROGRESS Year Up Boston also tracks program outcomes using a Management Dashboard. This tool monitors progress across 19 metrics in seven key program areas: student pipeline cultivation, consistent student support, teaching marketable skills, providing quality service to partners, student success, staff recruitment and retention, and sustainable program infrastructure. In addition to the Economic Mobility Corporation, The Bridgespan Group considers Year Up s Management Dashboard tracking program to be an industry best practice. Beginning in 2013, we expanded our evaluation efforts through Abt Associates, as part of the PACE study. Commissioned by the Administration for Children and Families at DHHS, PACE is a federally funded evaluation of promising strategies for helping low-income, low-skilled individuals and families become economically self-sufficient. The PACE study investigates how Year Up increases graduates wages, prepares them for further educational opportunities, and impacts healthy behaviors. We are also part of the Social Impact Research Youth Career Development 2013 Peer Performance Exchange. As a member of the Peer Performance Exchange we underwent an in-depth analysis, which benchmarked our program model, quality, and performance against leading standards in our specific social issue, as well as against our peers. We are excited to report that Year Up Boston was classified as a high performing program, receiving a total score of 28 out of 30! PILOTING ACTIVITIES TO LEARN What works? We explore which interventions will accelerate the pace at which Year Up Boston grads are advancing in careers and post-secondary education. How do we scale it? Once we ve identified the interventions that work for graduates, it is critical to test a mechanism for making these available to all alumni that would benefit. How do we sustain it? With each successful intervention, Year Up Boston must also explore a business model for providing that service since the core program s financial model is not designed to provide post-graduation services after a graduate secures his/her first job. GOALS FOR NEXT 5 YEARS Enroll 500 students in our high-caliber workforce training program in 2018. Place 100% of students who complete the Learning & Development phase into a full-time, professional internship at one of our corporate partner sites. Retain 75% of students through the year-long program. Achieve 90% corporate partner satisfaction. 45% of students will convert their internships into full-time job offers. 85% of students will be employed earning an average wage of $16.50/hour and/or enrolled in post-secondary education, within four months of program completion. 75% college re-enrollment rate (FT or PT) within 4 months of graduation for graduates from our college-based site in Roxbury. 70% of employed graduates will obtain employment in Year Up-related roles and industries. 5
Needs Statement YEAR UP BOSTON SEEKS YOUR SUPPORT Make a financial investment A gift of any size helps to offset the costs to serve our city s disconnected young adults. As we move forward with the planned expansion of our core program, increased support from the community will be critical in helping us reach our goal of serving over 500 young adults each year. Give a gift of knowledge Volunteer academic advisors to provide students with academic guidance and help them hone their technical skills. Academic advisors must have a mastery of the subject that they are advising. Advisors are needed during the Learning & Development phase of the student s cycle. Serve as a positive role-model Mentors volunteer to serve as professional coaches for our students. Year Up staff members work to create a mutually beneficial match between a mentor and mentee. Mentors commit for an 8- month period during which they email or call their mentee at least once a week, and meet face-toface at least once a month. Mentors assist in building and accessing professional networks, review resumes and college forms, encourage continuous learning and problem solving, and attend the Year Up graduation to recognize their student. All professional persons are encouraged to mentor a Year Up student. CEO/Executive Director Statement If you'd like to hear from our Executive Director, Bob Dame, e-mail him directly at rdame@yearup.org. Service Categories Job Training Higher Education Youth Development Programs Geographic Areas Served Year Up works in twenty-one cities across the country. In 2014 in Boston, our founding city, 54% of our students lived within the city limits, many in low-income, high-crime neighborhoods like Dorchester, Roxbury, and Mattapan. The remaining students reside within the Greater Boston area in communities that include Cambridge, Everett, Lynn, Malden, and Brockton. Please review online profile for full list of selected areas served. 6
Programs Year Up's One-year Training Program Description Each March and September we enroll a cohort of students at our three locations: core (Downtown Boston), employer-based (State Street Corporation in Quincy, MA), and college-based (Roxbury Community College in the Roxbury neighborhood of Boston, MA). The year begins with a 21-week educational and training phase known as Learning and Development where students can select a learning track in either Information Technology or Financial Operations. Students are grouped in Learning Communities and receive 30 hours of classroom-based training, five days a week. Upon successful completion of this phase, 100% of students earn a six-month internship with one of our over 50 leading employer partners in Greater Boston such as State Street, Fidelity, Harvard, Partners HealthCare, and Wellington Management. Upon graduating from the program, participants receive ongoing alumni career support from Year Up, including job placement assistance, career development counseling, and support from professional mentors. Budget 11027498 Category Population Served Program Short Term Success Employment, General/Other Job Training & Employment Adults, At-Risk Populations, Poor,Economically Disadvantaged,Indigent In addition to boosting young adults annual earnings by approximately 30% compared to a control group (confirmed by a 2011 independently conducted research report by the Economic Mobility Corporation) we regularly surpass the following ambitious outcomes: 90% of employers express satisfaction with our students during internship 75% of students graduate from the program 85% of graduates obtain employment earning $16.50/hour and/or are enrolled in college four months after graduating from Year Up Student success and corporate satisfaction with our students are two of the key measures by which we assess our program. Given their talent, our student graduates from January 2017 were making $18.22 per hour, and graduates from the July 2016 cohort attained an average starting wage of $17.85. 7
Program Long term Success In the City of Boston, Year Up will serve 500 students in 2018. We plan to continue growing services, and aspire to serve 1,000 students annually within 5 years. Nationally, Year Up is committed to serve 32,000 young adults between 2016 and 2021, and we are embarking upon a strategy to scale to serve 10,000 students annually across all of the Year Up sites by 2021. We will explore alternative delivery avenues so that we can reach many more disconnected young adults in Boston. Our alternative channels look to leverage partners for some technical skills training and real estate, while Year Up continues to provide its differentiated services in admissions, professional and technical skills training, and the close partnering with employers that ensures that our program prepares young adults for in-demand positions. At a national level, Year Up has implemented a model in five cities that embeds a Year Up site on the campus of an employer or community college partner. This lower cost option allows us to scale while ensuring that our operation becomes economically self-sufficient. Year Up is actively pursuing these partnerships in new and existing markets, including Boston. Program Success Monitored By WE SOLICIT FEEDBACK We administer surveys to corporate partners to evaluate their satisfaction with our interns, this past year, that rate was over 96% for the Boston site. We also consistently solicit feedback on corporate partner business needs to ensure that we re adequately preparing students. WE MONITOR PROGRESS Year Up Boston tracks program outcomes using a Management Dashboard to monitor progress. This tool tracks 19 metrics in seven key program areas: student pipeline cultivation, consistent student support, teaching marketable skills, providing quality service to partners, student success, staff recruitment and retention, and sustainable program infrastructure. WE TRACK OUTCOMES Year Up staff use the Salesforce data systems every day to track, monitor and make real-time decisions on everything from program retention and job placement, to management and operations decisions. 8
Examples of Program Success In addition to boosting young adults annual earnings by approximately 30% compared to a control group (Economic Mobility Corporation Report, 2011) we regularly surpass the following ambitious outcomes: 90% of employers express satisfaction with our students during internship 75% of students graduate from the program 85% of graduates obtain employment earning $16.50/hour and/or are enrolled in college four months after graduating from Year Up The Bridgespan Group considers Year Up s Management Dashboard tracking program to be an industry best practice. As a member of the Peer Performance Exchange we underwent an in-depth analysis, which benchmarked our program model, quality, and performance against leading standards in our specific social issue, as well as against our peers. We are excited to report that Year Up Boston was classified as a high performing program, receiving a total score of 28 out of 30! Program Comments CEO Comments If you'd like to hear from our Executive Director, Bob Dame, e-mail him directly at rdame@yearup.org. 9
Management CEO/Executive Director Executive Director Mr. Bob Dame Term Start Oct 2015 Email rdame@yearup.org Experience Senior Staff Tyra Anderson-Montina Title Senior Director of Program Experience/Biography Karen Crane Title Senior Director of Academics Experience/Biography Michael Goldstein Title Senior Director of Development Experience/Biography Linda Swardlick-Smith Title Senior Director of Student Services Experience/Biography Caroline Adler Title Senior Director of Operations and Strategic Planning Experience/Biography Staff Information Full Time Staff Part Time Staff Volunteers Contractors 57 1 600 4 Staff Demographics - Ethnicity African American/Black 13 10
Asian American/Pacific Islander 3 Caucasian 41 Hispanic/Latino 4 Native American/American Indian 0 Other 1 Staff Demographics - Gender Male Female Unspecified 26 36 0 Formal Evaluations CEO Formal Evaluation CEO/Executive Formal Evaluation Frequency Senior Management Formal Evaluation Senior Management Formal Evaluation Frequency NonManagement Formal Evaluation Non Management Formal Evaluation Frequency Annually Annually Annually Plans & Policies Organization has a Fundraising Plan? Organization has a Strategic Plan? Years Strategic Plan Considers 5 Date Strategic Plan Adopted Jan 2012 Organization Policy and Procedures Nondiscrimination Policy Whistleblower Policy Comments CEO Comments Year 11
Board & Governance Board Chair Board Chair Mr. Colin Mahony Company Affiliation SVP & GM, Big Data, Hewlett Packard Term Oct 2017 to 0 Email colin@garvinhill.com Board Members Name Affiliation Status Valerie Armbrust Accenture Voting Stephanie Dodson Strategic Grant Partners Voting Christopher Gordan Bain Capital LLC Voting Colby Greer State Street Corporation Voting Greg Janey Janey, Inc Voting Colin Mahony Big Data, Hewlett Packard Voting Stephen F. Nazzaro State Street Corporation Voting Keith Peden Raytheon Company Voting Brian Spector Baupost Group LLC Voting Board Demographics - Ethnicity African American/Black 2 Asian American/Pacific Islander 0 Caucasian 6 Hispanic/Latino 0 Native American/American Indian 0 Other 0 Board Demographics - Gender Male Female Unspecified 6 2 0 Board Information Board Term Lengths Board Term Limits Written Board Selection Criteria? 3 3 No 12
Written Conflict of Interest Policy? Percentage Making Monetary Contributions Constituency Includes Client Representation 100% Comments CEO Comments 13
Impact Goals In Boston, approximately 10,000 young adults are disconnected from the economic mainstream. These young adults, or Opportunity Youth, are unemployed or chronically underemployed, have not progressed academically beyond a high school diploma or GED, and do not have a viable, stable connection to living wage employment. They reside in traditionally underserved neighborhoods, and lack access to the basic resources that would empower them to reach their full potential. They also represent an enormous talent pool that is currently being overlooked. In Boston, youth employment and education mirror those of the adults: neighborhoods in which adults have weak educational credentials and high unemployment rates also tend to be home to young people with lower rates of school and work attachment[1]. In the case of Year Up, our students come from neighborhoods like Mission Hill and Roxbury, where the youth disconnection rate rises to 16%, compared to the average rate of 9% for Boston at large[1]. While a large number of Boston area young adults are disconnected from the economic mainstream, employers in the region face large human capital needs, and a shrinking pool of skilled workers from which they can hire. Nationally, in the next decade companies are projected to have 12 million vacant jobs that require some type of post-secondary education. These jobs often remain unfilled, as talented, motivated, and diverse hires become increasingly more difficult to find. [1] Burd-Sharps, S., Lewis, K. 2012. One in seven: Ranking youth disconnection in the 25 largest metro areas. Measure of America of the Social Science Research Council. Strategies It is Year Up s mission to connect motivated young adults with companies seeking talent. We do so by providing a robust training program that combines professional and technical skills development with work-based learning through internships with area employers. Year Up empowers Boston s Opportunity Youth to reach their potential while broadening the pool of talent available to employers for professional positions. Our sustainable economic model serves low-income young adults of Boston, as it provides them with an opportunity to earn college credits, experience an authentic professional internship, build connections to the workforce, and polish their professional skills to become marketable candidates for employment. It is also beneficial to our City s employers, as they are supplied with a well-trained, skilled, and motivated pipeline of talent through which to fill their vacant positions, thus securing the economic vitality and competitiveness of our region. We intentionally serve our mission through the market. Our model is also beneficial to urban communities, as their young residents become professional and connected members of society, they will be discouraged from participating in deviant behavior and will serve as role models for the younger generations. 14
Capabilities Year Up was founded in 2000, and we enrolled our inaugural class of 22 students in July 2001. We have grown to a network of 14 sites around the country and have served over 10,000 young adults. In Boston alone, we have served over 3,000 young adults. We hold ourselves accountable to strict benchmarks with each cohort of students that we serve, and have consistently met and exceeded our goals of 75% retention, 85% positive outcomes (full-time employment or full-time college enrollment within four month of Year Up graduation), and $15/hour average starting wage for those who are employed full-time. Our students that graduated in January 2015 have secured an average starting wage of $17.24/hour. Our model provides high support to students to help them exceed the high expectations set by our program. Students are held accountable for their performance in the program through a contract system, and earn infractions for tardiness, missed assignments, and violations of our core values. These infractions are directly tied to their weekly stipends, demonstrating the immediate correlation between performance and payment. Students are provided with advisors and mentors, and have access to trained social workers and wraparound support services through community partners during their Year Up experience. We have built connections with over 50 leading employers in the City. Our employer partners support Year Up by providing donations, internships, and employee volunteers. Employers who host Year Up interns usually return in the following cycle to continue or expand their relationship with Year Up. Over 90% of our partners on average have expressed satisfaction with their internship experiences and would recommend Year Up to a friend or business colleague (our last cycle reported this figure at 96%). Approximately 50% of Year Up students convert their internships into full-time positions with their internship host, and approximately 50% of Year Up Boston s revenue is generated through internship sales. These results demonstrate Year Up s value proposition to employers and highlight the value of serving our mission through the market. As our program continues to grow, we are responding to the specific, employer-identified skills-gap challenges to ensure that our training remains relevant and market-driven. This employer focus yields in-demand graduates who have skills that lead to quality employment in burgeoning career fields and the opportunity for upward career mobility. We are part of a national network, which allows us to share best practices and benchmark with our sister sites in other cities. This community membership encourages us to make tried and tested program adjustments as needed, based on successes at other Year Up sites. 15
Indicators In addition to boosting young adults annual earnings by approximately 30% compared to a control group (confirmed by a 2011 independently conducted research report by the Economic Mobility Corporation) we regularly surpass the following ambitious outcomes: 90% of employers express satisfaction with our students during internship 75% of students graduate from the program 85% of graduates obtain employment and/or are enrolled in college four months after graduating from Year Up Students earn $15/hour average starting salary at time of employment Student success and corporate satisfaction with our students are two of the key measures by which we assess our program. Given their talent, our student graduates from January 2014 were making $15.57 per hour, and graduates from the July 2014 cohort attained an average starting wage of $16.48. WE SOLICIT FEEDBACK We administer surveys to corporate partners to evaluate their satisfaction with our interns, this past year, that rate was over 96% for the Boston site. We also consistently solicit feedback on corporate partner business needs to ensure that we re adequately preparing students, and mediate when any issues arise between a student and his/her supervisor. WE MONITOR PROGRESS Year Up Boston tracks program outcomes using a Management Dashboard to monitor progress. This tool tracks 19 metrics in seven key program areas: student pipeline cultivation, consistent student support, teaching marketable skills, providing quality service to partners, student success, staff recruitment and retention, and sustainable program infrastructure. WE TRACK OUTCOMES Outcomes, evaluation and transparency are part of the daily fabric of the Year Up organization. Year Up staff use the Salesforce data systems every day to track, monitor and make real-time decisions on everything from program retention and job placement, to management and operations decisions. The system allows the data to be disaggregated in every imaginable way demographics, cohort, location, etc. The data is heavily password protected and adheres to all federal, state and local privacy and security requirements. In the application process, admissions teams record data on demographics, school history, and attitudes for all program applicants, whether admitted or not. Year Up also collects information that is useful in tracking participants longitudinally (e.g., contact information for them and their friends and family members). This information is updated prior to graduation. The thorough admission data allows Year Up to mine the data, conduct brief, periodic web-based surveys to obtain snapshot data on current activities (e.g., school enrollment, employment, and job search) and update tracking information over time to facilitate longer-term outcome studies. WE AVAIL OURSELVES OF INDEPENDENT EVALUATIONS In addition to the Economic Mobility Corporation, The Bridgespan Group considers Year Up s Management Dashboard tracking program to be an industry best practice. Beginning in 2013, we expanded our evaluation efforts through our work with Abt Associates, as part of the PACE study. Commissioned by the Administration for Children and Families at DHHS, PACE is a federally funded evaluation of promising strategies for helping low-income, low-skilled individuals and families become economically self-sufficient. The PACE study investigates how Year Up increases 16
graduates wages, prepares them for further educational opportunities, and impacts healthy behaviors. We are also part of the Social Impact Research Youth Career Development 2013 Peer Performance Exchange. As a member of the Peer Performance Exchange we underwent an in-depth analysis, which benchmarked our program model, quality, and performance against leading standards in our specific social issue, as well as against our peers. We are excited to report that Year Up Boston was classified as a high performing program, receiving a total score of 28 out of 30! IN THE NEXT 3-5 YEARS In the City of Boston, Year Up will serve 400 students in 2015. We plan to grow to serve at least 480 students in 2017. Our 2017 enrollment figure represents a 50% increase over the number of students served in 2013 (320 total). We plan to continue growing services, and aspire to serve 1,000 students annually within 5 years. Nationally, Year Up will serve 2,700 young adults across 14 cities in 2015, and we are embarking upon a strategy to scale to serve 10,000 students annually across all of the Year Up sites by 2021. To best serve these students, Year Up Boston will move from our founding location on 93 Summer Street to our new flagship site at 45 Milk Street, in the heart of Boston s financial district. This new space will be outfitted to ensure no interruptions in program delivery to our growing student population. We will explore alternative delivery avenues so that we can reach many more disconnected young adults in Boston. Our alternative channels look to leverage partners for some technical skills training and real estate, while Year Up continues to provide its differentiated services in admissions, professional and technical skills training, and the close partnering with employers that ensures that our program prepares young adults for in-demand positions. At a national level, Year Up has implemented a model in five cities that embeds a Year Up site on the campus of an employer or community college partner. This lower cost option allows us to scale while ensuring that our operation becomes economically self-sufficient. Year Up is actively pursuing these partnerships in new and existing markets, including Boston. Progress Year Up was founded in 2000, and we enrolled our inaugural class of 22 students in July 2001. We have grown to a network of 14 sites around the country and have served over 10,000 young adults. In Boston alone, we have served over 3,000 young adults! 17
Financials Fiscal Year Fiscal Year Start Jan 01, 2017 Fiscal Year End Dec 31, 2017 Projected Revenue $11,027,498.00 Projected Expenses $10,074,627.00 Endowment? No Credit Line? Reserve Fund? No Months Reserve Fund Covers 0 Detailed Financials Revenue and Expenses Fiscal Year 2014 2013 2012 Total Revenue $11,046,386 $9,580,928 $8,298,500 Total Expenses $10,411,882 $9,088,320 $7,429,436 Revenue Sources Fiscal Year 2014 2013 2012 Foundation and Corporation $2,522,539 $2,290,288 $1,849,115 Contributions Government Contributions $149,049 $267,237 $0 Federal -- -- -- State -- -- -- Local -- -- -- Unspecified $149,049 $267,237 -- Individual Contributions $2,519,554 $1,392,933 $1,123,385 Indirect Public Support -- -- -- Earned Revenue $5,728,643 $5,509,144 $5,048,500 Investment Income, Net of Losses -- -- -- Membership Dues -- -- -- Special Events -- -- $277,500 Revenue In-Kind -- -- -- Other $126,601 $121,326 -- 18
Expense Allocation Fiscal Year 2014 2013 2012 Program Expense $8,573,722 $7,537,697 $6,620,834 Administration Expense $1,115,559 $973,749 $661,153 Fundraising Expense $722,601 $576,874 $147,449 Payments to Affiliates -- -- -- Total Revenue/Total Expenses 1.06 1.05 1.12 Program Expense/Total Expenses 82% 83% 89% Fundraising Expense/Contributed Revenue 14% 15% 5% Assets and Liabilities Fiscal Year 2014 2013 2012 Total Assets $0 $0 -- Current Assets $0 $0 -- Long-Term Liabilities $0 $0 -- Current Liabilities $0 $0 -- Total Net Assets $0 $0 -- Short Term Solvency Fiscal Year 2014 2013 2012 Current Ratio: Current Assets/Current Liabilities -- -- -- Long Term Solvency Fiscal Year 2014 2013 2012 Long-Term Liabilities/Total Assets -- -- -- Top Funding Sources Fiscal Year 2014 2013 2012 Top Funding Source & Dollar Amount -- -- -- Second Highest Funding Source & Dollar -- -- -- Amount Third Highest Funding Source & Dollar Amount -- -- -- Capital Campaign Currently in a Capital Campaign? Goal $20000000.00 Comments Foundation Staff Comments Previous fiscal period information was provided by the Year Up Staff and covers Year Up Boston operations. Asset data is not available for Year Up Boston. Please note the 990s and audits posted cover Year Up's 501c3 status which covers the nationwide operations. Created 04.21.2018. Copyright 2018 The Boston Foundation 19