Friends For Youth Foundation
- Assets
- $4.1m
- Revenue
- $484.8k
- Investments
- $4.0m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 08/1999
- Data as of
- 12/2021
- 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 12/2021, Friends For Youth Foundation generated $484.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $296.7k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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 157 individual grants totaling $1,451,507. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelley E Hatfield Vice President | 1 | $0 | |
Kerry E Stout 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 | $86,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $398,285 |
| Capital Gain Net Income | $398,285 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $484,820 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,634 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $314 |
| Total operating and administrative expenses | $71,632 |
| Contributions, gifts, grants paid | $225,100 |
| Total expenses and disbursements | $296,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,713 |
| 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 | $1,078,903 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,095,250 |
| 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 $225,100 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
GONZAGA UNIVERSITY PURPOSE: GENERAL OPERATING EXPENSES | $32,000 |
YAMIKA YMCA PURPOSE: GENERAL OPERATING EXPENSES | $27,000 |
COWICHE CANYON CONSERVAQN PURPOSE: GENERAL OPERATING EXPENSES | $20,000 |
YAKIMA VALLEY COLLEGE PURPOSE: GENERAL OPERATING EXPENSES | $20,000 |
ST ANNES-BELFIELD SCHOOL PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |
EASTERN WASHINGTON UNIVERSITY PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Company Charitable Foundation Inc Atlanta, GA | $133,098,319 | $27,836,912 |
Harry T Mangurian Jr Foundation Inc Fort Lauderdale, FL | $88,622,200 | $12,675,522 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |
Holtz Charitable Foundation Inc Orlando, FL | $5,015,513 | $2,659,459 |
Wiregrass Foundation Dothan, AL | $101,684,443 | $2,886,891 |