The Milton R & Beulah M Young Foundation
- Assets
- $2.0m
- Revenue
- $54.4k
- Investments
- $1.9m
- Employees
- 0
- Location
- Mansfield, OH
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 34-1908082
Organization Overview
The Milton R & Beulah M Young Foundation is located in Mansfield, OH. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Milton R & Beulah M Young 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, Milton R & Beulah M Young Foundation generated $54.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $111.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Milton R & Beulah M Young Foundation has awarded 375 individual grants totaling $899,508. 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 |
|---|---|---|---|
Rhonda K Pore Trustee | 2 | $2,000 | |
William Heichel Trustee | 2 | $2,000 | |
Regina L Thompson Trustee | 2 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $200 |
| Dividends & Interest | $52,843 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,230 |
| Capital Gain Net Income | $1,230 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $144 |
| Total Revenue | $54,417 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $23,229 |
| Contributions, gifts, grants paid | $88,600 |
| Total expenses and disbursements | $111,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,874 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,956,153 |
| 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, The Milton R & Beulah M Young Foundation has awarded $88,600 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
BELLVILLE NEIGHBORHOOD OUTREACH PURPOSE: SUPPORT COMMUNITY FOOD BANK | $2,500 |
ASSOCIATED CHARITIES PURPOSE: HERO FOR A CHILD CHRISTMAS | $2,500 |
BEREAN BAPTIST CHURCH FOOD PANTRY PURPOSE: SUPPORT COMMUNITY FOOD BANK | $2,500 |
CATALYST LIFE SERVICES PURPOSE: REHAB CENTER SUPPORT | $2,000 |
COMMUNITY HELP MISSION OUTREACH PURPOSE: MISSION | $2,500 |
CATHOLIC CHARITIES FOOD BANK PURPOSE: GENERAL COMMUNITY SUPPORT | $2,500 |