Hugo H And Mabel B Young Foundation
- Assets
- $4.8m
- Revenue
- $270.8k
- Investments
- $4.5m
- Employees
- 0
- Location
- Loudonville, OH
- Founding
- 01/1965
- Data as of
- 04/2024
- EIN
- 34-6560664
Organization Overview
Hugo H And Mabel B Young Foundation is located in Loudonville, OH. The organization was established in 1965. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hugo H And Mabel B 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 04/2024, Hugo H And Mabel B Young Foundation generated $270.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $388.7k during the year ending 04/2024. While expenses have increased by 1.8% per year over the past 8 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 2016, Hugo H And Mabel B Young Foundation has awarded 148 individual grants totaling $2,403,212. 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 |
|---|---|---|---|
Ronny Portz Secretary | 1.75 | $2,000 | |
Barb Burd President | 0.25 | $1,500 | |
Dr Jon H Cooperrider II Vice Preside | 0.25 | $1,500 | |
Tami Reynolds Trustee | 0.25 | $1,500 | |
Michael C Bandy Trustee | 0.25 | $1,500 | |
Ronny Portz Trustee | 0.25 | $1,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,870 |
| Dividends & Interest | $147,377 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,527 |
| Capital Gain Net Income | $117,527 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $270,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,477 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $312 |
| Printing and publications | $0 |
| Other expenses | $8,336 |
| Total operating and administrative expenses | $28,225 |
| Contributions, gifts, grants paid | $360,456 |
| Total expenses and disbursements | $388,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,233 |
| Savings and temporary cash investments | $327,242 |
| 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 | $4,838,534 |
| 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, Hugo H And Mabel B Young Foundation has awarded $360,456 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLAND SYMPHONY ORCHESTRA PURPOSE: OPERATING | $20,000 |
GREEN PERRYSVILLE JOINT FIRE DIST PURPOSE: CHEST COMPRESSION DEVICE | $19,967 |
CATHOLIC CHARITIES SVCS PURPOSE: GOLDEN CENTER IN LOUDONVILLE | $12,000 |
LOUDONVILLE AG SOCIETY PURPOSE: JR & SR FAIR SPONSORSHIPS | $10,000 |
COMMUNITY HELP MISSION PURPOSE: OPERATING | $5,000 |
LOUDONVILLE CHURCH WOMEN PURPOSE: PURCHASE SCHOOL SUPPLIES | $2,500 |