# YOUNG AMERICA CAPITAL, LLC X-17A-5 (2025-10-15) — Broker-dealer annual report - Company: YOUNG AMERICA CAPITAL, LLC - Form: X-17A-5 - Filed: 2025-10-15 - Period: 2025-06-30 - Accession: 0001463911-25-000007 - CIK: 1463911 - File #: 8-68260 - Type: Broker-dealer - Material weakness: No - Auditor: Sanville & Co - Auditor location: Dallas, TX - Contact: Tad Bull - Phone: 9179239649 - Email: peter@yacapltal.com - Website: yacapltal.com - Signed by: Peter Formanek (CEO) Original filing: https://www.sec.gov/Archives/edgar/data/1463911/000146391125000007/document.pdf --- {0}------------------------------------------------ # YOUNG AMERICA CAPITAL, LLC FINANCIAL STATEMENTS AND SUPPLEMENTRY SCHEDULES FOR THE YEAR ENDED JUNE 30, 2025 Confidential {1}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** ## **ANNUAL REPORTS FORM X-17A-5 PART** Ill | 0MB APPROVAL | | |--------------------------|--| | 0MB Number: 3235-0123 | | | Expires: Nov. 30, 2026 | | | Estimated average burden | | | hours per response: 12 | | | | | SEC FILE NUMBER 8-68260 **FACING PAGE** **Information Required Pursuant to Rules 17a-S, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** FILING FOR THE PERIOD BEGINNING 07/01/2024 AND ENDING 06/30/2025 MM/00/YV **A. REGISTRANT IDENTIFICATION** NAME OF FIRM: YOUNG AMERICA CAPITAL, LLC TYPE OF REGISTRANT (check all applicable boxes): ii Broker-dealer D Security-based swap dealer 0 Major security-based swap participant D Check here if respondent is also an OTC derivatives dealer | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | |--|--|---------------------------------------------------------------------| |--|--|---------------------------------------------------------------------| 141 EAST BOSTON POST RD | | (No. and Street) | | | | | | |------------------------------------------------------------------------------------------------------|-----------------------------------------------------------|-----------------------|---------------------|-------------------------------------------|--|--| | MAMARONECK | | NEW YORK | | 10543 | | | | (City) | | (State) | | (Zip Code) | | | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | | PETER FORMANEK
914-777-0100 | | | peter@yacapltal.com | | | | | (Name) | (Area Code- Telephone Number) | | (Email Address) | | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing•
SANVILLE & COMPANY, LLC | (Name - If individual, state last, first and middle name) | | | | | | | 325 NORTH SAINT PAUL ST, SUITE 3100 | | DALLAS | TX | 75201 | | | | (Address) | (City) | | (State) | (Zip Code) | | | | 09/18/2003 | | | 169 | | | | | (Date of Registration with PCAOB)(if applicable) | | | | (PCAOB Registration Number, if applicable | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | • Claims for exemption from the requirement that the annual reports be covered by the repora of an independent public accountant must be supported by a statement of facts 1md circumstances relied on as the basis of the exemption. See 17 CFR 240.17a•5{e)(1)(1i), If applicable. Persons who are to **rcs,ond** to the collection af information contained in this form are not required to respond unless the form displays a currently vaHd 0MB control number. {2}------------------------------------------------ #### **OATH OR AFFIRMATION** | I, _PET_E_R_Fo_R_MA_N_E_K
financial report pertaining to the firm of Young America Capital. LLC | ____________ | _, swear (or affirm) that, to the best of my knowledge and belief, the | |----------------------------------------------------------------------------------------------------|--------------|-------------------------------------------------------------------------------------------------------------------------------------| | 10110 | 2~ | is true and correct. I further swear (or affirm) that neither the company nor any | | | | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | PAULA JACKSON NOTARY PUBLIC, STATE OF NEW YORK Registrallon No. 01 JA6229593 Qualified In Westchester County i,.-----,\_n,nmission E ires October 18, 2026 Title: CEO #### This filing•• contains (check all applicable **boxes):** - **ii** (a) Statement of financial condition. - D (b) Notes to consolidated statement of financial condition. - ~ (c) Statement of income (loss) or, if there Is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - Iii (d) Statement of cash flows. - I!!! (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - D (f) Statement of changes in liabilities subordinated to claims of creditors. - Iii (g) Notes to consolidated financial statements. - **ii** (h) Computation of net capital under 17 CFR 240.15c3-l or 17 CFR 240.lSa-1, as applicable. - □ (I) Computation of tangible net worth under 17 CFR 240.18a-2. - **ii** (j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - O (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.l&a-4, as applicable. - D (I) Computation for Determination of **PAS** Requirements under Exhibit A to§ 240.15c3-3. - Ii (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.1Sc3-3{p)(2) or 17 CFR 240.lSa-4, as applicable. - **i.** (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.lSa-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.lBa-4, as applicable, if material differences exist, or a statement that no material differences exist. - D (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - i!i (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - **i.** {s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (t) Independent public accountant's report based on an examination of the statement of financial condition. - Ii (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 Cl=R 240.17a-S, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - **ii** (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - Iii (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3· le or 17 CFR 240.17a-12, as applicable. - □ (y) Report describing any material Inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). □ (z)Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - u ro request confidential treatment of certain portions of this filing, see 17 CFR 240.lla-S(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable. {3}------------------------------------------------ ![](_page_3_Picture_0.jpeg) #### **Report of Independent Registered Public Accounting Firm** To the Members and those charged with governance Young America Capital, LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Young America Capital, LLC (the Company) as of June 30, 2025, the related statements of operations, changes in members' equity, and cash flows for the year then ended, and the related notes to the financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2025, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit proviqes a reasonable basis for our opinion. #### **Supplemental Information** The supplementary information contained in Schedule I, Computation of Net Capital Under SEC Rule 15c3-1, Schedule II, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3, and Schedule 111, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the > 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214. 738.1998 {4}------------------------------------------------ responsibility of the Company's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. § 240.17a-5. In our opinion, the supplementary information contained in Schedule I, Computation of Net Capital Under SEC Rule 15c3-l, Schedule II, Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3, and Schedule 111, Information Relating to the Possession or Control Requirements Under SEC Rule 15c3-3 is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2023. s~c/0Y7LLC Sanville & Company, LLC Dallas, Texas October 9, 2025 {5}------------------------------------------------ # Young America Capital, LLC STATEMENT OF FINANCIAL CONDITION JUNE 30, 2025 **ASSETS** | Cash and cash equivalents | \$
237,520 | |---------------------------------------|-----------------| | Accounts receivable | 1,082,941 | | Prepaid expenses | 31,601 | | Fixed Assets (net) | 19,278 | | Total assets | \$
1,371,340 | | LIABILITIES AND MEMBERS' EQUITY | | | Liabilities: | | | Accounts payable and accrued expenses | \$
61,882 | | Commissiom payable | 974,647 | | Total liabilities | \$
1,036,529 | | MelrlJers' equity: | | | Total rrembers' equity | \$
334,811 | | Total liabilities and members' equity | \$
1,371,340 | See Accompanying Notes to the Financial Statements {6}------------------------------------------------ ## **Young America Capital, LLC STATEMENT OF OPERATIONS For the year ending June 30, 2025** Revenues: | | Fee income | \$ | 5,082,410 | |----------|------------------------------|---------|----------------------------------| | | Private placement fees | | 288,323 | | | Interest income | | 10,646 | | | Other income | | 13,286 | | | Total Revenues | \$
- | ---'-
5,394,665
-'---
- | | Expem;es | | | | | | | | | | | Commission | | 4,652,253 | | | Salaries, wages and benefits | | 77,002 | | | Professional fees | | 229,516 | | | Rent | | 11,000 | | | Teleconnnunications | | 183,456 | | | Travel and entertainment | | 32,369 | | | Other expenses | | 162,856 | | | Total Expenses | | 5,348,454 | | | Net Income | \$ | 46,211 | See accompanying notes to financial statements {7}------------------------------------------------ # **Young America Capital, LLC STATEMENT OF CHANGE IN MEMBERS' EQUITY For the year ending June 30, 2025** ## Total Members' equity | Beginning of year
Balance - | \$
288,600 | |--------------------------------|---------------| | Capital contribution | | | Capital distribution | | | Net income | 46,211 | | End of year
Balance - | \$
334,811 | See accompanying notes to financial statements {8}------------------------------------------------ ## **Young America Capita~ LLC STATEMENT OF CASH FLOW June 30, 2025** OPERATING ACTIVI'l'lES | Net Income | 46,211 | |---------------------------------------|-----------| | Adjustments to reconcile Net Income | | | Depreciation expense | 7,691 | | to net cash provided by operations: | | | Increase in accounts receivable | (832,940) | | Increase in prepaid expenses | (1,777) | | Increase in commissions paybale | 749,647 | | Decrease in accrued expenses | (131,242) | | Net cash used in Operating Activities | (162,410) | | INVESTING ACTIVITIES | | | Auto | (1,215) | | Net cash used in Investing Activities | (1 ,215) | | Net cash decrease for period | (163,625) | | Cash at beginning of period | 401,146 | | Cash at end of period | 237,521 | See accompanying notes to financial statements {9}------------------------------------------------ # **Young America Capital, LLC Notes to Financial Statements JUNE 30, 2025** #### **Note 1** - **Nature of business:** Young America Capital, LLC (the "Company") is a broker-dealer registered with the Securities and Exchange Commission ("SEC"), and is a member of Financial Industry Regulatory Authority, Inc. ("FINRA") and the Securities Investor Protection Corp. ("SIPC'1). The Company operates as (a) an advisor and placement agent of marketable and non-marketable securities, (b) an advisor providing transaction structuring and assistance to early stage and growth stage entities, and (c) an advisor for mergers and acquisitions. The Company does not hold customers' cash or securities. **Tt** operates from an office in the New York City metropolitan area. ### **Note 2** - **Summary of significant accounting policies:** #### **Revenue recognition** - **contracts with customers:** #### **Investment Banking** #### **Revenue Recognition Policy** The Company recognizes revenue in accordance with Accounting Standards Codification (ASC) 606, \*Revenue from Contracts with Customers\*. Revenue is derived primarily from investment banking advisory services, which include non-exclusive, best-efforts facilitation of financing transactions, asset sales, or similar engagements for clients' interests ( e.g., assets or securities). The Company applies the five-step model under ASC 606 to recognize revenue when control of promised services transfers to the customer in an amount that reflects the consideration to which the Company expects to be entitled. ### **Nature of Services and Performance Obligations** The Company enters into engagement letters with clients to provide advisory services, which may encompass ongoing support such as project management, due diligence, compliance assistance, preparation and updating of investor materials, continuous consultation on transaction structuring and market conditions, and solicitation of investors. The Company identifies two primary performance obligations within these contracts: {10}------------------------------------------------ 1. Ongoing Advisory Services: These services, compensated by non-refundable retainer fees paid periodically (e.g., monthly), are distinct as clients receive and consume benefits simultaneously as the services are performed. This obligation is satisfied over time, with revenue recognized based on the period of service delivery, typically using a straight-line method over the contract term. 2. Transaction Facilitation: This obligation involves securing investors or purchasers for clients' interests (e.g., equity, convertible/mezzanine debt, or asset sales), compensated by variable success fees based on a percentage of the transaction amount. This is a distinct obligation satisfied at a point in time, typically upon the closing of a financed transaction or sale, including any applicable tail period transactions with introduced parties. #### **Transaction Price and Allocation** The transaction price comprises fixed retainer fees and variable success fees. Retainer fees, paid in advance for ongoing advisory services, are recognized based on the period over which services are rendered. Success fees, contingent on transaction closings, are estimated using the most likely amount method but constrained to amounts where a significant revenue reversal is not probable, typically recognized only upon occurrence due to uncertainty. The transaction price is allocated to each performance obligation based on their relative standalone selling prices, with retainer fees fully allocated to ongoing advisory services and success fees to transaction facilitation. #### **Revenue Recognition** Ongoing Advisory Services: Revenue from retainer fees is recognized over time as clients simultaneously receive and consume benefits, measured using a time-based output method (e.g., straight-line over the service period). For the year ended December 31, 2025, the Company recognized retainer fee revenue proportional to the services perfom,ed during the period, with amounts varying based on contract terms and duration. Transaction Facilitation: Revenue from success fees is recognized at a point in time upon the closing of a transaction, including any deferred proceeds when received. For the year ended December 31, 2025, success fee revenue was recognized only for transactions that closed during the period, subject to the constraint on variable consideration. #### **Significant Judgments** The Company exercises judgment in determining performance obligations, particularly distinguishing ongoing advisory services from transaction facilitation based on the nature of benefits provided. The constraint on variable consideration for success fees reflects the uncertainty of transaction outcomes, reassessed at each reporting date. The Company also considers contract {11}------------------------------------------------ termination clauses and tail provisions m assessing the contract term and collectability of consideration. #### **Practical Expedients and Exemptions** The Company elects the practical expedient under ASC 606-10-50-14 to not disclose the transaction price allocated to remaining performance obligations for contracts with an original expected duration of one year or less. No significant financing components are present, as payment terms align with performance, except where retainer fees are paid in advance and recognized over time. This policy is applied consistently to all similar contracts, with further disclosures provided if material changes or specific contract details warrant additional information. Subsequent events evaluation: Management has evaluated subsequent events through September 3, 2025, the date the financial statements were available to be issued. #### **Private Placement Fees** The Company recognizes revenue in accordance with Accounting Standards Codification (ASC) Topic 606, \*Revenue from Contracts with Customers\*. Revenue is recognized when control of the promised goods or services is transferred to the customer in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company applies the following five-step model to determine revenue recognition: 1. Identify the contract(s) with a customer. 2. Identify the perfonnance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the Company satisfies a performance obligation. The Company's primary source of revenue consists of commissions earned from acting as a placement agent in private offerings of securities. These commissions are typically calculated as a percentage of the capital raised in the private placement. {12}------------------------------------------------ #### **Private Placement Commissions** The Company provides placement agent services to issuers seeking to raise capital through private placements of securities. These services include identifying potential investors, facilitating introductions, and assisting with the closing of the transaction. The performance obligation is satisfied at a point in time upon the successful closing of the private placement, as this is when the issuer obtains the benefit of the services and the risks and rewards are transferred. The transaction price for these commissions is generally variable, based on the amount of funds raised, but is determinable upon closing. The Company recognizes revenue upon closing of the transaction, provided that collection is probable and there are no significant remaining contingencies. In instances where commissions include contingent elements (e.g., subject to claw back provisions or performance milestones), revenue is recognized only when the contingency is resolved, and the amount is no longer subject to significant reversal. The Company does not have significant ongoing performance obligations beyond the initial placement, and any trniling or ongoing tees, if applicable, would be recognized over time as the related services are provided. However, during the reporting period, the Company did not earn material trailing fees. #### **Accounts Receivable:** Accounts receivables are recorded at the invoiced amount and do not bear interest. The Company records an allowance for doubtful accounts, which is the Company's best estimate of the amount of probable credit losses on the existing accounts receivable. The allowance is determined based on the historical write-off experience and age of the account receivable balances. Doubtful accounts arc reviewed and written off on a quarterly basis. Past due balances over 90 days and over a specified amount are reviewed individually each Quarter for collectability and specific bad debt reserves are recorded as deemed necessary. There was no balance on the Allowance for doubtful accounts on June 30, 2025. #### **Income taxes:** The Company files income tax returns on the cash basis as a partnership for federal and state income tax purposes. The end of fiscal year is June 30th. As such, the Company will not pay any income taxes, as any income or loss will be included in the income tax returns of the individual members. Accordingly, no provision is made for income taxes in the financial statements. The Company has determined that there are no uncertain tax positions which require adjustment or disclosure on the financial statements. Adoption of this standard had no effect on the Company's financial statements. The Company remains subject to U.S. federal and state income tax audits {13}------------------------------------------------ for all periods subsequent to and including 2019. As a limited liability company, the members' liability is limited to amounts reflected in their respective member account. ### **Cash and cash equivalents:** For purposes of the Statement of Cash Flows, the Company considers all highly liquid debt instruments with an original maturity of three months or less to be cash equivalents. All cash balances are held with a major financial institution within the United States of America. #### **Financial instruments** - **Credit Losses:** On January 1, 2020, the Company adopted FASB ASC Topic 326 - "Financial Instruments - Credit Losses" ("ASC Tepic 326") which replaces the incurred loss methodology with the current expected credit loss ("CECL") methodology. The new guidance applies to financial assets measured at amortized cost, held-to maturity debt securities and off-balance credit exposures. For on balance sheet assets, an allowance must be recognized at the origination or purchase of in-scope assets and represents the expected credit losses over the contractual I ife of those assets. Expected Credit losses on off-balance sheet credit exposures must be estimated over the contractual period the Company is exposed to credit risk because of a present obligation to extend credit. The Company adopted ASC topic 326 using the modified retrospective approach for all in-scope assets. The impact of the adoption of the cmTent expected credit loss (''CECL") methodology to the current period was not material. ### **Use of estimates:** The preparation of financial statements in conformity with generally accepled accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the fmancial statements and the reported amounts of revenues and expenses during the period. Actual results could vary from those estimates. #### **Concentration of credit risk:** The Company maintains its cash in accounts that, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash and cash equivalents. #### **Subsequent events evaluation:** Management has evaluated subsequent events through September 4, 2025, the date the financial statements were available to be issued. {14}------------------------------------------------ #### **Note 3** - **Related party transactions:** The Company paid rent, utilities, accounting and occupancy costs on a month to month basis together with administrative expenses to a company owned by the managing member. The total amount paid and expensed during the period ended June 30, 2025 was \$11,000. #### **Note 4** - **Commissions payable:** The Company records commissions payable to registered representatives based on a percentage of revenue. Commissions are paid when cash is received for amounts invoiced. No commission payable is recorded for accounts receivable balances that are considered uncollectible and for which a reserve is recorded. #### **Note 5** - **Net capital requirement:** As a registered broker dealer, the Company is subject to the SEC's Uniform Net Capital Rule 15c3- I. The Rule requires that the Company maintains minimum net capital and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1 (and that equity capital may not be withdrawn. or cash dividends paid if the resulting net capital ratio would exceed 10 to l) On June 30. 2025. The Company had net capital of \$172,380 which exceeded its requirement of\$69,102 by \$103,278. The Company had a ratio of aggregate indebtedness to net capital of 6.20 to I on June 30, 2025. #### **Note 6** - **Commitments and Contingencies** The Company does not have any commitments, guarantees or contingencies. The Company is not aware of any threats or other circumstances that may lead to the assertion of a claim at a future date. #### **Note 7** - **Segment Reporting** The Accounting Standards Update (ASU) 2023-07 issued by the Financial Accounting Standards Board (FASB) introduced enhancements to segment reporting requirements for public entities, including broker-dealers. The update aimed to improve the transparency and usefulness of financial disclosures for investors and other stakeholders. ASU 2023-07 disclosure requirements are effective for fiscal years starting after December 15, 2024. The chief operating decision maker is the Chief Executive Officer of the Company and it is determined that no additional disclosures are required as the Company has only one reportable segment. {15}------------------------------------------------ #### YOUNG AMERICA CAPITAL, LLC COMPUTATION OJ<' NETCAPITALPURSlJANT10RULE 15c3-1 OF 1HE SECURfTIES AND EXCHANGE COMMISSION June 30, 2025 #### **Computation of Net Capital** | Members' Equity | 334,81 I | |------------------------------------------------------------------------------------------------------------------|----------| | Non-allowoble assets: | | | Prepaid ex-pense | 3 1,601 | | Fixed assets | 19,278 | | Accounts receivable | 108,295 | | Total non-allowable assets | 159,174 | | Net capital before haircuts on proprietary
positions | 162,850 | | Haircuts | 3,257 | | Net capital | 172,380 | | Minimum net capital requirement - the greater
of\$5,000 or 6-2/3°/o ofaggregale
indebtedm:ss of\$1,036,529 | | | Excess nel capital | \$ 103,278 | |------------------------------------------------|---------------| | Ratio of aggregate indebtedness to net capital | 6.20 X to I | | Schedule of aggregate indebtedness: | | | Accounts payable and accrued expenses | \$ ] ,036,529 | | Total aggregate indebtedness | \$ 1.036,529 | There are no material differences between the ruJdited computation of net capital computed above and the Company's unaudited Part IIAFOCUS filing as of June 30, 2025 {16}------------------------------------------------ #### YOUNG AMERICA CAPlTAL, LLC #### SCHEDULE ii & iii: COMPUTATION FOR DETERMINATION OF RESERVE REQUIREMENTS AND JNFORMATIO~ RELATING TO POSSESSION OR CONTROL REQUIREMENTS FOR BROKERS At"l(l> DEALERS PURSUANT TO RULE l5c3-3 OF THE SECURITIES AND EXC!\UNG E ACT COMMISSION June 30, 2025 #### COMPUTA11ON FOR DETERMINATION OF RFBERYE REQUIREMENTS As the Company docs not handle customer cash or securities, the Company does not have any Reserve or Possessions and Control Requirements with respect to SEC Ruic I 5c3-3. **INFORMATIO:\' RELATING TO POSSESSION OR CONTROL REQUlREMEN1S** As the Company does not handle customer cash or securities, the Company does not have any Reserve or Possessions and Control Requirements with respect to SEC Rule 15c3-3. {17}------------------------------------------------ #### Young America Capital, LLC Exemption Report Young America Capital, LLC (the "Company) is a registered broker-dealer subject to Rule l 7a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.1 Sa-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5(d)(l) and (4). To the best of knowledge and belief, the Company states the following: (1) The Company is considered "Non-Covered Finn" exempt from 17 C.F.R. §240. l5c3-3 and is filing an Exemption Report relying on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff. The Company limits its business activities exclusively to: (1) acting as an underVvTiter or selling group participant (2) acting as a real estate syndicator (3) the private placement of securities ( 4) securities research (5) regulation CF offerings. (2) The Company (1) did not directly or indirectly receive, hold or otherwise owe funds or securities for or to customers, other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3), throughout the most recent fiscal year without exception. I, Peter Formanek, swear (or affirm) that, to my best knowledge and belief, this exemption report is true and correct. Regards, Peter Formanek Chief Executive Officer 10/10/2025 {18}------------------------------------------------ ![](_page_18_Picture_0.jpeg) #### **Report of Independent Registered Public Accounting Firm** To the Members and those charged with governance Young America Capital, LLC We have reviewed management's statements, included in the accompanying Exemption Report, in which Young America Capital, LLC (the Company) stated that: - 1. The Company does not claim an exemption under paragraph (k) of 17 C.F.R. § 240.15c3-3; - 2. The Company is filing an Exemption Report relying on Footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to (1) acting as an underwriter or selling group participant (2) acting as a real estate syndicator (3) the private placement of securities (4) securities research. - 3. The Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of 17 C.F.R. § 240.15c2-4); (2) did not carry accounts of or for customers; and (3) did not carry proprietary accounts of broker-dealers {as defined in 17 C.F.R. § 240.15c3-3) throughout the year ended June 30, 2025 without exception. The Company's management is responsible for its statements and compliance with the exemption provisions. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about: Whether the Company limited its business activities exclusively to **{1)** acting as an underwriter or selling group participant (2) acting as a real estate syndicator (3) the private placement of securities (4) securities research and (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of 17 C.F.R. § 240.15c2-4); (2) did not carry accounts of or for customers; and (3) did not carry proprietary accounts of broker-dealers (as defined in 17 C.F.R. § 240.15c3-3) throughout the year ended June 30, 2025 without exception. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in 17 C.F.R. § 240.15c3-3 and 17 C.F.R. § 240.17a-5. s~ ~~LLC Sanville & Company, LLC Dallas, Texas October 9, 2025 325 North Saint Paul Street Suite 3100 Dallas, Texas 75201 214.738.1998 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.