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Youth Development Fund (DISSOLVED)

CharityWatch rating issued
January 2016

F
CharityWatch Rating
Our independent rating based
on a number of factors.
 
7%
Program Percentage
Amount spent on programs
relative to overhead.
 
$85
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Youth Development Fund (DISSOLVED)
8 Canberra Dr.
Knoxville, TN 37923

Other Names

A Child's Dream
Children's Dream Network

Tax Status

501(c)3

Stated Mission

To support children's education.

View similar charities
Data based on Fiscal Year Ended 12/31/2014

Program Percentage: 7%

The percentage of Youth Development Fund (DISSOLVED)'s cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$500,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $85

How many dollars Youth Development Fund (DISSOLVED) spends on fundraising to raise each $100 of contributions.

$400,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Youth Development Fund IRS Form 990 58-1494135
Youth Development Fund Audited Financial Statements 58-1494135
Entity: Youth Development Fund
Document Type: IRS Form 990
Tax ID: 58-1494135
Entity: Youth Development Fund
Document Type: Audited Financial Statements
Tax ID: 58-1494135

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Youth Development Fund (DISSOLVED)
does not meet governance benchmarks.
 
Youth Development Fund (DISSOLVED)
does not meet transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

Unable to Provide Salaries

CharityWatch is unable to provide a range of Top Three Salaries for this charity for the above fiscal reporting year because we lack complete salary data for the organization. Except for officers, directors, and trustees, the IRS does not require breakouts of salaries totaling less than $100,000.

For example, XYZ charity would be required to provide a breakout in its tax form of compensation to its president of $55,000, but would not be required to provide a breakout of $99,000 in compensation to its top medical researcher if that person is not also an officer, director, or trustee of the organization.

This charity reports that compensation to its officers, directors, and trustees is under $100,000 per individual. Donors who would like to view limited salary data for this organization should refer to its tax form, which may be available on the charity's web site or from a number of third-party sources. See CharityWatch's Links page for information on obtaining copies of charity tax forms.


CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
According to the Youth Development Fund audit of December 31, 2014 (Note 5, Gifts In Kind):

"During the year ended December 31, 2014, the Organization received humanitarian supplies valued at $796,000 from World Help. The donations ... were shipped to Dominican Republic to aid in humanitarian efforts..."

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]
According to the Youth Development Fund audit of December 31, 2014 (Note 8, Economic Dependency):

"For 2014, Associated Community Services, Inc. (ACSI) served as the Organization's primary representative to locate telemarketing firms qualified to conduct campaigns for the Organization on a national basis. Approximately 64% of the Organization's cash contributions were derived from ACSI during the year ended December 31, 2014. During the year ended December 31, 2014, (ACSI) [sic] filed for bankruptcy and no longer acts as the organization's primary telemarketing firm. The organization has located a new telemarketing firm, however, contributions continue to decline."
According to the Youth Development Fund audit of December 31, 2014 (Note 7, Loss on Investment):

"During the year ended December 31, 2014, the Organization evaluated its investments and determined that it's [sic] investment in a feature motion picture would not be recoverable and thus recorded a loss on investments of $125,000, the original amount invested."

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