Friends For Youth Foundation
- Assets
- $4.2m
- Revenue
- $292.4k
- Investments
- $4.0m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 06-1519389
Organization Overview
Friends For Youth Foundation is located in West Palm Beach, FL. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends For Youth Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Friends For Youth Foundation generated $292.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $310.1k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Friends For Youth Foundation has awarded 239 individual grants totaling $2,161,019. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry E Stout President | 1 | $0 | |
Kelley E Hatfield Vice President | 1 | $0 | |
Peter U Gavin Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $105,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $184,920 |
| Capital Gain Net Income | $184,920 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,225 |
| Total Revenue | $292,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,295 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $474 |
| Total operating and administrative expenses | $65,814 |
| Contributions, gifts, grants paid | $244,311 |
| Total expenses and disbursements | $310,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,853 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,238,335 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,181,637 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Friends For Youth Foundation has awarded $244,311 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
COWICHE CANYON CONSERVAQN PURPOSE: GENERAL OPERATING EXPENSES | $17,500 |
BOYS AND GIRLS CLUB PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |
CENTRAL WASHINGTON UNIVERSITY PURPOSE: GENERAL OPERATING EXPENSES | $1,000 |
LIGHT HOUSE STUDIO PURPOSE: GENERAL OPERATING EXPENSES | $1,500 |
HAWAII COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING EXPENSES | $4,437 |
GONZAGA UNIVERSITY PURPOSE: GENERAL OPERATING EXPENSES | $72,437 |