William M Yarbrough Foundation
- Assets
- $20.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Lincolnshire, IL
- Founding
- 10/2004
- Data as of
- 06/2022
- EIN
- 20-0382246
Organization Overview
William M Yarbrough Foundation is located in Lincolnshire, IL. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, William M Yarbrough Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William M Yarbrough 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 06/2022, William M Yarbrough Foundation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $642.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, William M Yarbrough Foundation has awarded 41 individual grants totaling $5,333,374. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ORGANIZATIONS WHICH PROVIDE CARE AND EDUCATION TO CHILDREN, YOUTHS, AND YOUNG ADULTS WHO MAY BE NEGLECTED, ABUSED, ABANDONED; TO ASSIST PREGNANT WOMEN WITH ALTERNATIVES TO ABORTION; TO EDUCATE COMMUNITIES TO BASIC CHRISTIAN TENETS; TO CONDUCT SCIENTIFIC RESEARCH TO DISCOVER TREATMENTS FOR SKIN DISEASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT ORGANIZATIONS WHICH PROVIDE CARE AND EDUCATION TO CHILDREN, YOUTHS, AND YOUNG ADULTS WHO MAY BE NEGLECTED, ABUSED, ABANDONED; TO ASSIST PREGNANT WOMEN WITH ALTERNATIVES TO ABORTION; TO EDUCATE COMMUNITIES TO BASIC CHRISTIAN TENETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Col William M Yarbrough Chief Executive Officer | OfficerTrustee | 1 | $0 |
Larry Elisco Treasurer | Officer | 1 | $0 |
Michael J Legamaro Assistant Secretary | Officer | 1 | $0 |
Major Kelly Collins Director | Trustee | 1 | $0 |
Donald Tenconi Director | Trustee | 1 | $0 |
Father Frank A Pavone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,463 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,463 |
| Total Program Service Revenue | $0 |
| Investment income | $693,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,155,853 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $186,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,095,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $395,103 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,756 |
| Fees for services: Accounting | $5,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $559 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $723 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $641,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $144,187 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,141,455 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $272,185 |
| Total assets | $20,557,827 |
| Accounts payable and accrued expenses | $11,484 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,484 |
| Net assets without donor restrictions | $20,546,343 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,557,827 |
Grants Awarded
Over the last fiscal year, William M Yarbrough Foundation has awarded $395,103 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Hoffman Estates, IL PURPOSE: MINISTRY | $228,076 |
Dsrt Hot Spgs, CA PURPOSE: MINISTRY | $101,500 |
Peoria, IL PURPOSE: MINISTRY | $53,527 |
VINEYARD CHURCH OF BOWLING GREEN OH PURPOSE: MINISTRY | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |