Our Budget
The Youth Achievement Foundation is privately funded and currently has mentoring programs in Garland and Irving, Texas. Each city represents a separate cost center within an overall corporate framework. Budgets are approved annually by the Board of Directors. Most of our funding comes in the form of unrestricted donations which are distributed throughout the state on a need basis, as determined by our Board of Directors. We also receive several "restricted" grants where the donor directs us to use their contributions in specific cities or for specific purposes. Records of our donations and expenses are reported annually to the Internal Revenue Service using IRS form 990. These records are available upon request and can also be viewed by the public at: www.guidestar.org
Board of Directors and Advisors
Our Board of Directors is made up of volunteers from the local community. Their main tasks are to assist us with fund-raising and to provide general business advice. Since most of our Board members began as mentors, they also play an important role in shaping our curriculum. Our current Board includes: President, Lawrence E. Whaley, JD, CLU John Hancock Life Insurance; Vice President and Secretary, Juan T. Marti, Director, Chaucer Drive Study Center; Karen Hydock, Vice-President/Partner, Plastics Resources; Dr. Pablo Yepes, PhD., Rice University and our Executive Director, Joseph D. Walker Jr. We have an Advisory Board consisting of Abi Badiru, Kraft Foods; Antonio del Rincon, State Farm Insurance; Lee Alewine, Private Consultant; Mahesh Gehani, CFA, Vice President, Director of Credit, NexBank SSB; Alex Herrera, Vice President of Sales and Service, Aetna Insurance and Greg Moldovan, Objective Systems Integrators.
Our Resources
YAF is a privately funded, 501(c) (3) nonprofit corporation that depends on community support. Our largest sponsors have been Walgreens and Ashford Hospitality. Our other funding partners have included: America's Credit Union, 84 Lumber Co., Aetna Foundation, Inc., Brackenridge Foundation, George W., Bull Foundation, Cabe Foundation, Horace C. Coates Charitable Foundation of 1992, Elizabeth Huth, Deluxe Corporation Foundation, Dreyfus Foundation, Inc., The Max & Victoria Gorman Foundation, The Kraft Foods, Inc., Light Charitable Trust, Office Depot Foundation, Orsinger Foundation, The Genevieve & Ward Foundation, Perot Foundation, Pizza Hut, Inc., Rees-Jones Foundation, The Russell Foundation, Lightner Sams Foundation, Inc., Speedway Children's Charities, Staples Foundation for Learning, Staubach Family Foundation, The Verizon Foundation, West Group Community Partnership Program, Williams Foundation, Inc., The George & Fay Young Foundation, Inc., Alex & Perla Herrera, Don & Lynn Busman, Thomas Maggio, Lawrence E. & Mary Kay Whaley, along with other donors who wish to remain anonymous.
