Year Up, Inc.

At a Glance

National Office: 
45 Milk St, 9th Floor
Boston, MA 02109
Phone: 855-YEARUP1

Gerald Chertavian
People Served: 
1,300
Tax ID: 
04-3534407

Focus area(s):

College Access

Description

Year Up, a national nonprofit organization operating at 18 sites, endeavors to close the Opportunity Divide, the vast gap that exists between Opportunity Youth, who lack access to opportunity, and Fortune 1000 companies, who lack access to a pipeline of diverse, skilled talent. Year Up has over fifteen years of experience equipping low-income young adults with skills and experience that will allow them to compete for, and obtain, professional jobs with career pathways.  Through our direct service program, we are seeking to prove, along with leading employers on a national scale, that Opportunity Youth are a viable talent source for entry-level and middle-skilled jobs. 

Impact and Outcomes

90% of corporate partners consistently report satisfaction with the program and students.
85% of graduates are employed or enrolled in post-secondary education within four months of program completion.
Employed alumni make an average of $18/hour, or approximately $36,000 annually.
A randomized controlled trial by Economic Mobility Corporation proved that Year Up graduates earned an average of 30% more than a control group in the year following the program.
Year Up is currently participating in a federally funded randomized control trial, Pathways for Advancing Careers and Education, to measure the long-term impact of our program.
An MIT study estimated that the Year Up program boosts a graduate’s lifetime income by $423,000, resulting in an additional $134,000 in tax revenues.

Matching Gift

Donors receive a 1:1 match for up to $2,250,000 when contributing to Year Up.

Mission & Goals

Despite having talent and motivation, millions of urban young adults in America lack access to living-wage careers and higher education. At the same time, United States businesses are demanding a rising number of skilled knowledge workers. Year Up addresses these dual needs; its 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 deliver on this mission through an innovative one-year program that combines six months of technical and professional skills training and a six-month internship with one of Year Up’s employer partners, including American Express, JP Morgan Chase, Harvard University, Salesforce, Bank of America, and State Street. Throughout the program students earn stipends and college credits, receive guidance from coaches and professional mentors, and access resources through dedicated social services staff and a powerful network of community partners. Since our founding in 2000, Year Up has grown to serve over 14,000 young adults through this program.

Program

Year Up is a one-year, intensive training program that provides urban young adults, ages 18 to 24, with a combination of hands-on skill development, college credits and corporate internships.The program emphasizes academic and professional rigor, setting expectations high for quality of work and professional behavior. A strong structure guides students through the steps necessary for achieving success in the classroom and the workplace. Core elements of our program model include coaching/mentoring, support services, and professional skill development to ensure student are set up for future career success.  The first six months of the program focuses on technical and professional skill-building, while the second six-month period focuses on applying these skills through corporate internships.  Students also earn up to 31 college credits and a weekly stipend. Year Up takes a holistic approach that focuses on students' professional and personal development to place young adults on a viable path to economic self-sufficiency.

Impact

Year Up has demonstrated that Opportunity Youth, if given the opportunity to succeed and provided with an appropriate level of expectation and support, can be valuable economic assets to our nation’s leading employers time and again. Through our direct service training program, we have provided employers with a talent sourcing solution, and offered a large segment of the population, one that has faced historic barriers to success, with an opportunity to earn a living wage and realize their full potential. Many of our alumni are now in hiring positions within Fortune 1000 companies, serving as champions for the Year Up program and mentoring current interns on-the-job.

Young adults served through our program dramatically change their lifetime earnings trajectory. Those entering the program self-report an annual income of approximately $9,000. Upon program exit, these same young adults earn, on average, $36,000/year and are poised for growth within their professions. The impact does not only benefit the individual; most Year Up applicants learn of the program via word-of-mouth: friends, family members, community members, guidance counselors, who have seen the impact of the program on someone else. The ripple effect lifts communities; students serve as role models and mentors for the younger generation and “lift while they climb” in the professional ranks.

Clear evidence of Year Up’s success is also the pace at which the organization has grown, without compromising quality outcomes.  Our program has grown 25% year-over-year and we have expanded to serve students at 18 program sites across the country.  Now serving over 3,000 students annually, Year Up has built a robust direct service program that is market responsive, delivers powerful results for young people, and meets the needs of our employer partners.  

Growth Plan

In our first fifteen years, Year Up developed an unmatched track record in successfully moving young adults from poverty to a professional career in one year. We completed two growth capital campaigns that enabled us to grow from a tiny start-up serving 22 young adults to a sophisticated national organization serving thousands of students annually. Each step of that growth has allowed us to deliver better results, maintain our deep commitment to the young adults we serve, and strengthen our resolve to finally close the Opportunity Divide in this country.

Over the next five years (2017 through 2021), we plan to serve nearly 35,000 students and at the same time reduce our cost per student served by nearly 40%, enabling us to scale sustainably. We will launch new sites and curricula to meet market demand and build deeper partnerships with employers to expand opportunity to more young adults. We will develop and activate a network of over 30,000 alumni to lead the Opportunity Movement and serve as a thought partner and leader to ensure our learning informs the work of providers, employers, and policymakers. By 2021, Year Up will reach a point where truly transformative scale and impact will not just be possible – it will be reality.

Location of Sites

National Office: 
45 Milk St, 9th Floor
Boston, MA 02109
Phone: 855-YEARUP1
List of locations

To make a contribution to a program site:

  1. Click on the "Make a Contribution Now" button and include the name, city and state of the program you would like to support, in the "notes" text box on the organization's donation form, if available.
  2. If a "notes" or "designation" box is not available, write the city and state on your check in the "notes" section or call the national office to designate your contribution to a local program site.

Locations in the following states:

No results found.

Financials

Most Recent Budget

Year Ended:

2015

REVENUE

Corporate Grants: 
$4,041,590
Foundation Grants: 
$20,018,879
Government Funding: 
$2,399,928
Contributions from Individuals: 
$21,176,019
Special Events: 
$0
Program Services Fees: 
$21,573,667
Membership Dues: 
$0
Other Earned Income: 
$0
Other Revenue: 
$44,640,494
Other Revenue (Description): 
Internship Revenue: 41,676,771
Total Revenue: 
$113,850,577

EXPENSES

Salaries, Related Salaries & Professional Fees: 
$46,161,521
Occupancy: 
$2,816,659
Travel & Entertainment: 
$2,948,536
Office Supplies, Printing, Postage: 
$10,770,035
Telephone & Communications: 
$0
Payments to Affiliates: 
$0
Other Expenses: 
$28,145,940
Other Expenses (Description): 
Salaries and Benefits     46,161,521
Student Stipends     14,399,708
Student Support       1,634,532
College Fees       1,182,098
Professional Fees       3,914,490
Office Cost     10,770,035
Events       2,841,113
Travel       2,948,536
Marketing & Student Outreach           152,663
Other Expenses       2,026,447
Depreciation       1,994,889
Total Expenses:     88,026,032
Total Expenses: 
$90,842,691

NET GAIN/LOSS

Net Gain/Loss: 
$23,007,886

Prior Year Actuals

Year Ended:

2015

REVENUE

Corporate Grants: 
$3,918,154
Foundation Grants: 
$23,197,187
Government Funding: 
$2,461,386
Contributions from Individuals: 
$21,708,955
Program Services Fees: 
$0
Membership Dues: 
$0
Other Earned Income: 
$0
Other Revenue: 
$39,875,201
Other Revenue (Description): 
Internship revenue: 39,763,201
Special Events: 
$0
Total Revenue: 
$91,160,883

EXPENSES

Salaries, Related Salaries & Professional Fees: 
$48,225,598
Occupancy: 
$0
Travel & Entertainment: 
$2,869,705
Office Supplies, Printing, Postage: 
$10,483,842
Telephone & Communication: 
$0
Payments to Affiliates: 
$0
Other Expenses: 
$25,281,013
Other Expenses (Description): 
Salaries and Benefits     48,225,598
Student Stipends     14,175,996
Student Support        1,120,509
College Fees        1,252,393
Professional Fees        2,928,561
Office Cost     10,483,842
Events        2,758,334
Travel        2,869,705
Marketing & Student Outreach           105,909
Other Expenses        1,375,504
Depreciation        1,563,807
Total Expenses:     86,860,158
Total Expenses: 
$86,860,158

NET GAIN/LOSS

Net Gain / Loss: 
$4,300,725

Major Funders

$1,000,000+

AT&T

Bank of America Charitable Foundation

Barr Foundation

Highland Street Foundation

JPMorgan Chase

Microsoft Corporation

Pathways Fund

State Street

The Jenesis Group

 

$500,000-$999,999

O, Wayne Rollins Foundation

The Bob & Renee Parsons Foundation

The Lynch Foundation

Tipping Point Community

 

$250,000-$499,999

Baupost Group, LLC

Blackstone Charitable Foundation

Charles and Helen Schwab Foundation

Citi Foundation

Ellis Center for Educational Excellence

Pershing Square Foundation

Providence Equity Partners

Robin Hood Foundation

Tiger Foundation

USA Funds

 

$100,000-$249,999

Accenture Foundation

Altman Foundation

Amelia Peabody Foundation

Annie E. Casey Foundation

BlackRock Corporation US Inc.

Capital One

Capital One Foundation

Gap Foundation

Harry’s

LinkedIn for Good Corporate Giving

Lone Pine Foundation

Open Society Foundations

Randleigh Foundation Trust

Rhode Island Foundation

Shelby Cullom Davis Charitable Fund

Sobrato Family Foundation

Stavros Niarchos Foundation

The Gary W. Rollins Foundation

The New York Community Trust

Trefler Foundation

United Square Fund

Venture Philanthropy Partners

Workday Foundation