Youngstown Foundation
- Assets
- $152.6m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Pittsburgh, PA
- Founding
- 09/1942
- Data as of
- 12/2021
- EIN
- 34-6515788
Organization Overview
Youngstown Foundation is located in Pittsburgh, PA. The organization was established in 1942. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Youngstown Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youngstown 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, Youngstown Foundation generated $13.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $6.1m during the year ending 12/2021. While expenses have increased by 2.7% 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 2015, Youngstown Foundation has awarded 643 individual grants totaling $37,251,133. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL ASSISTANCE (GRANTS) TO CHARITABLE, SCIENTIFIC, AND EDUCATIONAL INSTITUTIONS THAT PROMOTE MENTAL, MORAL, AND PHYSICAL WELL-BEING TO THE INHABITANTS OF THE CITY OF YOUNSTOWN AND VICINITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTING CHARITABLE AND EDUCATIONAL INSTITUTIONS PROMOTING EDUCATION, SCIENTIFIC RESEARCH, CARE OF SICK, AGED, AND HOMELESS; CARE OF CHILDREN AND OTHER CHARITABLE PURPOSES IN YOUNGSTOWN.
HINE MEMORIAL FUND - INCOME RESTRICTED FOR THE BENEFIT OF, TREATMENT OF, CARE FOR, AND ASSISTANCE TO CRIPPLED CHILDREN.
ANNE K CHRISTMAN FUND - INCOME PARTIALLY RESTRICTED FOR THE BENEFIT OF UP TO 20 AREA ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 30 | $607,396 | |
Lynnette H Forde President | Officer | 30 | $115,000 |
David M Toepfer Vice Chair | Officer | 0.5 | $0 |
Jeanne Mosure Distribution Committee | Officer | 0.5 | $0 |
Eugenia C Atkinson Chair | Officer | 0.5 | $0 |
Theodore M Schmidt Distribution Committee | Officer | 0.5 | $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 | $2,579,874 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,579,874 |
| Total Program Service Revenue | $0 |
| Investment income | $2,491,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,500,789 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,572,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,058,541 |
| 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. | $728,146 |
| Compensation of current officers, directors, key employees. | $607,396 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,896 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $968 |
| Fees for services: Accounting | $11,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,679 |
| Travel | $3,545 |
| 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 | $101,608 |
| Insurance | $4,095 |
| All other expenses | $0 |
| Total functional expenses | $6,055,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,886,200 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,541 |
| Investments—publicly traded securities | $145,958,048 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,750,000 |
| Other assets | $0 |
| Total assets | $152,598,789 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $53,644,161 |
| Net assets with donor restrictions | $98,954,628 |
| 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 | $152,598,789 |
Grants Awarded
Over the last fiscal year, Youngstown Foundation has awarded $4,872,582 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
Youngstown, OH PURPOSE: PROGRAM SUPPORT | $649,488 |
Youngstown, OH PURPOSE: HOTLINE SERVICES SUPPORT | $374,210 |
Youngstown, OH PURPOSE: PROGRAM SUPPORT | $239,320 |
Youngstown, OH PURPOSE: SCHOLARSHIPS, PROGRAM, AND CAPITAL SUPPORT | $222,535 |
Canfield, OH PURPOSE: PROGRAM SUPPORT | $159,210 |
THE RICH CENTER FOR AUTISM PURPOSE: PROGRAM SUPPORT | $149,132 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Youngstown Foundation has recieved totaling $16,700.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $8,500 |
Farmers Charitable Foundation Canfield, OH PURPOSE: PROGRAM SUPPORT | $8,200 |
Endowment Analysis
| Beg. Balance | $132,579,844 |
| Earnings | $18,888,393 |
| Net Contributions | $1,773,007 |
| Other Expense | $3,589,905 |
| Ending Balance | $149,651,339 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |