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BBB Reliability Report for

Time Out Youth


This BBB Accredited Charity meets all 20 Standards for Charity Accountability.
BBB issues Charity Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.
Name: Time Out Youth
Phone: (704) 344-8335
Fax: (704) 344-8186
Address: 2320A N Davidson St
Charlotte, NC 28205
Website: www.timeoutyouth.org
Report Creation Date: August 10, 2012
Report Expiration Date: March 31, 2015
Original Business Start Date: November 1992
Principal: Mr. Rodney Tucker, Executive Director
Customer Contact: Mr. Rodney Tucker, Executive Director - (704) 344-8335
Incorporated: November 1992, NC
Type of Business: Charity - Local

Stated Purpose

Time Out Youth offers support, advocacy, and opportunities for personal development and social interaction to lesbian, gay, bisexual, transgender, and questioning (LGBTQ) youth ages 13-23.


Evaluation Conclusions

This organization has been evaluated according to the 20 BBB Standards for Charity Accountability. This organization meets all those Standards and is a BBB Accredited Charity.


Programs

Time Out Youth provides Support Programs including personal counseling, weekly peer support/discussion groups, emergency housing, and social activities; Education Programs including college academic scholarships, academic and career and job placement counseling, movie/performance art night, and LGBTQ resource library; and Advocacy Programs including speakers bureau and participation in peaceful protests and rallies.

Total Program Expenses:$136,958

Governance

Chief Executive Officer:Rodney Tucker, Executive Director
Board Size:17
Paid Staff Size:4 Full Time.

Fund Raising

Method(s) Used:Time Out Youth's fundraising methods include direct mail appeals, fundraising events, grant proposals, and website appeals.


Tax Status

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.


Financial

According to Time Out Youth's Audited Financial Statement for the year ended August 31, 2011:

Income
 Total Income:$255,279
 
Expenses  % of total
Expenses
% of total
Income
 Programs:$136,958 74.19%53.65%
 Fund Raising:$25,815 13.98%10.11%
 Administrative:$21,824 11.82%8.55%
 Other:$0 0.00%0.00%
 Total Expenses:$184,597
 
Excess of Income over Expenses$70,682
Beginning Net Assets$64,162
Ending Net Assets:$134,845
Total Assets$141,554
Total Liabilities$6,734

* Excess for the year indicates the portion of income remaining after expenses.


ID: 238082
Report as of March 27, 2015 16:04
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