Young Contracting Company Foundation Inc
- Assets
- $753.7k
- Revenue
- $541.0k
- Investments
- $714.2k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 26-1558530
Organization Overview
Young Contracting Company Foundation Inc is located in Atlanta, GA. The organization was established in 2008. 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. Young Contracting Company Foundation Inc 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 12/2022, Young Contracting Company Foundation Inc generated $541.0k in total revenue. All expenses for the organization totaled $30.1k during the year ending 12/2022.
Since 2020, Young Contracting Company Foundation Inc has awarded 45 individual grants totaling $118,430. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary W Young President | 2 | $0 | |
Laura M Young Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,000 |
| Interest on Savings | $16 |
| Dividends & Interest | $4,976 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,010 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $540,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $262 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,584 |
| Contributions, gifts, grants paid | $27,500 |
| Total expenses and disbursements | $30,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,520 |
| Savings and temporary cash investments | $7,004 |
| 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 | $500,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $753,747 |
| 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, Young Contracting Company Foundation Inc has awarded $27,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL OPERATING FUNDS | $4,000 |
CONVOY OF HOPE PURPOSE: GENERAL OPERATING FUNDS | $1,000 |
DUKE CANCER INSTITUTE PURPOSE: GENERAL OPERATING FUNDS | $2,500 |
GREENE COUNTY FOOD PANTRY PURPOSE: GENERAL OPERATING FUNDS | $1,500 |
HABITAT FOR HUMANITY OF NORTHWEST METRO ATLANTA PURPOSE: GENERAL OPERATING FUNDS | $10,500 |
HOSPITALITY BUSINESS NETWORK FOUNDATION INC PURPOSE: GENERAL OPERATING FUNDS | $1,500 |