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Filing year 2024

YOUNG MASTERMINDS INITIATIVE INC

Brooklyn, New York·EIN 83-1429530·NTEE O50 · Youth Development·501(c)(3)
Total revenue
$389k
Total assets
$186k
Total expenses
$296k
Reported officers
7
Mission

Our Mission is to empower young men from traditionally underserved communities to redefine their futures through relatable mentorship, wellness practices, skill-building, and positive experiences that foster leadership, brotherhood, and personal growth.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Youth Development organizations nationwide.

Board Chair
75th to 90th percentile
$95k
$103k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Browse compensation in Youth Development

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at YOUNG MASTERMINDS INITIATIVE INC equaled 32% of the organization's total expenses. The median for youth development organizations is 11%.

This organization (2024)
32%
Sector median
11%
Middle half of sector
5% to 21%

Based on 5,226 youth development organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

$35k
$15k

Up 12%
from 2023

From $85k in 2023 to $95k in 2024.

$85k
2023
$95k
2024
In today's dollarsEst.
Up 8% in real terms$95k to $103k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Chair pay rose 12% from 2023 to 2024, while revenue rose 30%.

$85k in 2023 to $95k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about YOUNG MASTERMINDS INITIATIVE INC

What does the Board Chair of YOUNG MASTERMINDS INITIATIVE INC earn?

In 2024, the Board Chair of YOUNG MASTERMINDS INITIATIVE INC received $95,000 in total compensation. This pay is in the top quarter for Board Chair roles among Youth Development organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Chair pay at YOUNG MASTERMINDS INITIATIVE INC compare with similar nonprofits?

Compared with the same role at Youth Development organizations nationwide, the 2024 pay of the Board Chair at YOUNG MASTERMINDS INITIATIVE INC falls between the 75th and 90th percentiles. In 2024, the highest total compensation at YOUNG MASTERMINDS INITIATIVE INC equaled 32% of the organization's total expenses. The median for youth development organizations is 11%.

What are YOUNG MASTERMINDS INITIATIVE INC's revenue and expenses?

In 2024, YOUNG MASTERMINDS INITIATIVE INC reported $389k in total revenue and $296k in total expenses on its IRS Form 990.

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