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Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	Simon Youth Foundation
Address:	225 West Washington Street
	Indianapolis, IN 46204
Phone:	800-509-3676
Web Address:	www.syf.org

Simon Youth Foundation (SYF) meets the 20 Standards for Charity Accountability.

SYF's Education Resource Centers (ERCs) are public alternative schools located primarily in Simon malls. According to SYF, students meet all state and national graduation requirements and earn their diplomas from their referring high schools, but are provided a learning environment with small classes, flexible schedules and a self-paced curriculum. SYF reports that the ERC program has grown to 25 centers in 12 states, and enrollment has reached nearly 19,000. SYF’s scholarship program offers financial support to ERC graduates, as well as high school seniors across the country. Renewable scholarships are awarded to graduates of SYF’s ERCs. Community Scholarships are also awarded in communities with Simon Properties and are one-time awards. In addition, eight students in select communities receive four-year, renewable scholarships. Recipients are selected by a third-party administrator based on financial need, past academic performance, future potential, leadership, participation in school, community activities, work experience, a statement of career and educational aspirations and outside appraisals. Special consideration is also given to students who will be the first in their family to attend higher education.

For the year ended December 31, 2008, SYF's program expenses were:

Educational programs	4,910,524
Total Program Expenses:	$4,910,524

Chief Executive : Dr. Richard M. Markoff, Executive Vice President

Compensation*:

$173,598

Chair of the Board: Deborah J. Simon
Chair's Profession / Business Affiliation: Community volunteer

Board Size: 18

Paid Staff Size: 10

*2008 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:

Direct mail, special events, grant proposals, and Internet appeals.

Fund raising costs were 17% of related contributions. (Related contributions, which totaled $5,844,510, are donations received as a result of fund raising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on SYF's audited financial statements for the year ended December 31, 2008.

Source of Funds
Special events (net)	3,273,871
In-kind contributions	2,570,639
Interest income	171,810
Net realized and unrealized losses on investments	-588,764
Total Income	$5,427,556

Uses of Funds as a % of Total Expenses

Programs: 75%  Fund Raising: 15%  Administrative: 7%  Other Expenses: 3%

Total income				$5,427,556
	Program expenses			$4,910,524
	Fund raising expenses			982,530
	Administrative expenses			470,215
	Other Expenses			225,350
Total expenses				$6,588,619
Expenses in Excess of Income				(1,161,063)
Beginning net assets				9,519,728
Ending net assets				8,358,665
Total liabilities				904,810
Total assets				$9,263,475

Note 1: The SYF's 2008 audited financial statements report in-kind gifts in the amount of $2,570,639.

Note 2: In the above financial section, "other expenses" represents loss on disposals of property and equipment.