Business

Financial woes shutter Teen Voices

Teen Voices, a Boston-based nonprofit with a magazine by the same name, is shutting down after 24 years of existence, according to Charles E. Carter Jr., chairman of its board of directors.

The organization is closing because of financial difficulties, Carter said in a memo Wednesday to readers.

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“I am writing to inform you that the Board of Directors has made the very difficult decision to cease operations of Teen Voices Inc. effective August 31, 2012, while we pursue partnerships with other organizations who may assume all or some of the programs that Teen Voices provides to girls,’’ Carter said. If one is not found, the board will dissolve the organization within six months.

Carter’s memo said that the organization lost its longtime executive director in July 2011, donations and grants had declined by $300,000 from the previous year, several grants were not renewed, and Teen Voices was projected to run out of money by the end of July.

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Last-minute emergency fund-raising allowed Teen Voices to continue its summer journalism mentoring programs through August.

Founded in 1988, the twice-a-year Teen Voices magazine has 45,000 print readers and a website, www.teenvoices.com, that is seen by readers in 204 countries.

Emily Sweeney

Emily Sweeney can be reached at esweeney@globe.com.
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