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YCAB Foundation

Child by Child We Build Our World

YCAB Foundation is world ranked on thedotgood.
YCAB Foundation is an official contender on thedotgood
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Likes
2
Followers
Number of employeeS

84

Year of Registration

1999

Number of Followers

2

Annual income

US$ 1.79 million

Category of SGO

Hybrid

Country

Indonesia

Chief Executive Officer
By The [.] Newsroom From thedotgood's Editorial Desk
August 22, 2019
thedotgood's take
What's so special with that SGO.
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With a Little Help, Love Beats Drugs

In 1999, the year the organization was founded, YCAB helped 2,000 youths get off of drugs, out of crime, and back into school. By 2012, that number had grown to 400,000. By 2015, it had soared to 3 million. There aren’t many organizations that can report such vast growth in just 16 years, and there are especially few in Indonesia, Myanmar, and Laos, the countries where YCAB currently operates. The key to YCAB’s success? Love. YCAB’s full name, Yayasan Cinta Anak Bangsa, translates to “Loving the Nation’s Children Foundation.”

In the 1990s, YCAB founder Veronica Colondam became alarmed with the strong correlation between increasing high school dropout rates and substance abuse and street crime among Indonesian youth. She quickly realized that this correlation represented both the problem and the solution. As such, YCAB bases...

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With a Little Help, Love Beats Drugs

In 1999, the year the organization was founded, YCAB helped 2,000 youths get off of drugs, out of crime, and back into school. By 2012, that number had grown to 400,000. By 2015, it had soared to 3 million. There aren’t many organizations that can report such vast growth in just 16 years, and there are especially few in Indonesia, Myanmar, and Laos, the countries where YCAB currently operates. The key to YCAB’s success? Love. YCAB’s full name, Yayasan Cinta Anak Bangsa, translates to “Loving the Nation’s Children Foundation.”

In the 1990s, YCAB founder Veronica Colondam became alarmed with the strong correlation between increasing high school dropout rates and substance abuse and street crime among Indonesian youth. She quickly realized that this correlation represented both the problem and the solution. As such, YCAB bases its programs on three major ideas: combatting risky youth behaviors by promoting healthy lifestyle options; creating Learning Centers for dropouts; and running entrepreneurship and job creation programs that include microloans, seed capital, and vocational training. Health, education and economy in a context where youth feel loved, hopeful, and full of opportunity – that is the YCAB cocktail.

But the organization does not stop there. Colondam wanted her project to be sustainable, scalable, and long-lived. To ensure the organization’s lasting success, YCAB now sources its revenue streams both internally and externally. Its social enterprise model guarantees the sustainability of all programs. YCAB has sustainably covered all administrative costs since 2010, thanks to four businesses the organization established in 2000. Outside of its social entrepreneurship programs, YCAB taps into corporations’ CSR programs, governmental support, and international grants, including one offered by the US Department of State Bureau of International Narcotics and Law Enforcement Affairs. YCAB also offers to mediate for public authorities, and is able to enter public-private partnerships that address the widespread modern plague of youth drug use and street crime.

Beyond its success as an organization, YCAB has proven that education and access to finances can help youths achieve a great deal. Love and respect can get kids back into school and away from substance dependency. From our vantage point, it seems that YCAB’s growth and international expansion is only just beginning.

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Mission statement
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  1. Provide integrated financial inclusion services for
    ultra micro-entrepreneurial mothers to improve their
    family’s welfare and their children’s education.
  2. Champion educational justice through holistic
    programs to enable youth to optimize their potential
    and become financially independent.
  3. Invest in impactful and scalable social enterprises
    whose work strengthens and aligns with YCAB’s
    vision.
  4. Our Vision is to build a thriving world where youth and mothers are
    empowered through love, hope, and opportunity to
    be liberated from generational poverty in
    sustainable ways
Read more
  1. Provide integrated financial inclusion services for
    ultra micro-entrepreneurial mothers to improve their
    family’s welfare and their children’s education.
  2. Champion educational justice through holistic
    programs to enable youth to optimize their potential
    and become financially independent.
  3. Invest in impactful and scalable social enterprises
    whose work strengthens and aligns with YCAB’s
    vision.
  4. Our Vision is to build a thriving world where youth and mothers are
    empowered through love, hope, and opportunity to
    be liberated from generational poverty in
    sustainable ways
Show less

Impact

LATEST ANNUAL INCOME
US$ 1.79 million
Previous Annual Income
US$ 1.64 million
Latest Surplus/Deficit
US$ 10,453
Latest Net Assets
US$ 1.93 million
Name of Auditing Firm

RSM Indonesia

LATEST FINANCIAL STATEMENTS
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COUNTRY (OR COUNTRIES) WHERE ACTIVE
Indonesia and previously Myanmar, Laos, Uganda, Pakistan, Mongolia, Afghanistan
Latest ANNUAL REPORT
TAX YEAR END
Unknown

Governance

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Chief Executive Officer
Veronica Colondam
SHORT BIOGRAPHY
Veronica Colondam is the founder and chief executive officer of YCAB Foundation. She is a published author and speaker; recipient of two United Nation awards (Vienna, 2001 & New York, 2017); YGL (2006); Fellow of Asia21 Young Leader (2007); EY Social Entrepreneur of the Year (2011); Schwab’s Social Entrepreneur of the Year (2012); Forbes’ 48 Asian Philanthropist (2015); Women of Impact (2020); Asia’s Top Superwomen (2021) and Tribun’s MVP in Educational Sector (2023). Double degrees in communications and public relations and MSc. in social sciences from Imperial College London. An alumna of special postgraduate education for WEF’s Young Global Leader in Harvard (2009) & Yale (2014); Leadership (MIT, 2010); Social Entrepreneurship (MIT & INSEAD, 2010); Impact Investing (Oxford, 2012). Veronica is also an Independent Commissioner of the largest microfinance in the world, PT. PNM Indonesia (2018-2023) & currently serves as the Chair of Asian Venture Philanthropy Network (AVPN) — Asia’s #1 social investment network that aims to increase the flow of capital towards impact in Asia. And recently, Veronica embarked as a founding member and the VP of ICCSA, the champion of stewardship and accountability in Christian organizations. Married with three grown children. Veronica enjoys traveling as her dedication to give back and inspire the next gen through lectures & mentorship.
Has Held position since
1999
Board Gender balance
2 Female & 1 Male
Number of Employees
84
Number of Volunteers
17,436

History

Established in Indonesia in 1999, YCAB Foundation is the founding and flagship organization in YCAB Social Enterprise group based on a mutually reinforcing and financially sustainable social change model, which has one clear mission: to improve welfare through education and innovative financing. Since its establishment, YCAB Foundation has impacted more than five million underprivileged youth and over 200,000 women-owned MSMEs.

YCAB Foundation continues to forge new, innovative holistic development programs to deliver our mission. Along with an extensive selection of vocational training, our programs for youth have improved and transformed to STEM based skills namely, Coding, Work Readiness, Entrepreneurship and 21st century soft skills to achieve self-reliant youths. Additionally, YCAB Foundation also focuses on women's economic empowerment by providing them with financial literacy, digital marketing and entrepreneurship training. Several of our programs are as follows:

YCAB Scholars: Extend educational...

Read more

Established in Indonesia in 1999, YCAB Foundation is the founding and flagship organization in YCAB Social Enterprise group based on a mutually reinforcing and financially sustainable social change model, which has one clear mission: to improve welfare through education and innovative financing. Since its establishment, YCAB Foundation has impacted more than five million underprivileged youth and over 200,000 women-owned MSMEs.

YCAB Foundation continues to forge new, innovative holistic development programs to deliver our mission. Along with an extensive selection of vocational training, our programs for youth have improved and transformed to STEM based skills namely, Coding, Work Readiness, Entrepreneurship and 21st century soft skills to achieve self-reliant youths. Additionally, YCAB Foundation also focuses on women's economic empowerment by providing them with financial literacy, digital marketing and entrepreneurship training. Several of our programs are as follows:

YCAB Scholars: Extend educational opportunities (scholarship to universities and vocation training centers) to 80 children of the women who have been economically empowered by YCAB. Through this, we aim to create a lasting positive impact, fostering a generation equipped with the knowledge and skills to break from generational poverty.

Youth Digital Acceleration Program: Provide 100 underprivileged youth with equal career opportunity to address the issue of high unemployment in youth and lack of digital talent in Indonesia. Through the program, youth will be given access to basic coding along with a career prep workshop which covers necessary training on work-readiness and 21st century skills. Top participants will receive further intervention and be enrolled in an intensive coding bootcamp.

Green Smart Leader: A comprehensive approach to environmental sustainability, encompassing waste management, social entrepreneurship training, and a hands-on social enterprise recycling project. Specifically designed for underprivileged youths, the program will equip 500 students with waste management knowledge, health and environmental awareness.

MasterCard Girls4Tech. Promote greater female participation in STEM-related careers through raising the awareness of 70,000 girls to STEM. This initiative effectively answers the need for capable and proficient digital talents in present and future industry needs in Indonesia.

Lautan Luas Data Science for Youth. Addresses the lack of ready-to-work digital talents by providing Data Science training to 500 high school students.

SCF Covid-19 Recovery Programme. Fighting for inclusiveness, this program targets 10,000 young entrepreneurs, including people with sensory disabilities, specifically those with impaired vision and hearing. Training is delivered with a universal digital learning approach that is inclusive. Specifically designed to cater to entrepreneurs with low digital literacy, this digital tool leverages the WhatsApp platform for habitual and ease of use reasons.

Meta Karya Perempuan - The program aims to increase business resilience of 2,900 women-owned MSMEs by providing digital marketing and financial literacy training.

Meta Asah Digital - Training 6,700 students and 2,300 teachers on digital literacy and digital citizenship.
Mastercard Power Up the MSMEs. Empowered 200 MSMEs in tourism-concentrated regions and equipped them with skills to keep up with the growing foreign demand such as, English language, digital marketing, and product branding.

HERO4EDU crowdfunding campaign. Successfully raising over US$400,000, the program will empower 2,000 teachers across 10 remote regions as teachers in these areas are poorly remunerated (often unpaid) and lack the skill to manage dropouts. Here, teachers will receive financial support and training in critical thinking to improve teaching capacity.

In 2007, YCAB International Inc. was established in Atlanta, Georgia, structured as a non-profit 501(c)(3) with a headquarters in New York City. Our international pilot projects had been realized in five other countries: Afghanistan, Mongolia, Myanmar, Pakistan, and Uganda.

As part of YCAB Foundation’s growth and sustainability strategy, YCAB Asia was established in 2020 with a goal to raise $50 million in an endowment fund. This endowment fund will be used to provide grants to NGO’s aligned with YCAB’s vision and mission to create more impact through collaborative efforts.

Our stakeholders include governments, MNC, affiliation with various associations, schools and universities and pro-bono advisory partners from firms such as Bain & Co.

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Legal Status
Foundation charity organization No. 0220105432736 Indonesia, Registered 501(c3) Foundation in the USA.
Year of registration
1999
BYLAWS PUBLICLY AVAILABLE
Yes
BYLAWS PROVIDED ON REQUEST
Yes

Contact

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HQ LOCATION ADDRESS
Jl. Surya Mandala I. No,8D, Kedoya, Jakarta Barat 11520 | Jakarta Indonesia
SOCIAL NETWORKS
WEBSITE
MAIN CONTACT EMAIL
contact@ycab.org
+62 21 5835 5000