Alex C Young 1954 Walnut Hills Hs
- Assets
- $7.3m
- Revenue
- $231.7k
- Investments
- $6.8m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- Data as of
- 03/2024
- EIN
- 38-7243812
Organization Overview
Alex C Young 1954 Walnut Hills Hs is located in Detroit, MI. 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. Alex C Young 1954 Walnut Hills Hs 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 03/2024, Alex C Young 1954 Walnut Hills Hs generated $231.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (50.5%) each year. All expenses for the organization totaled $505.6k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Alex C Young 1954 Walnut Hills Hs has awarded 36 individual grants totaling $1,527,795. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $138 |
| Dividends & Interest | $211,116 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,421 |
| Capital Gain Net Income | $18,421 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,023 |
| Total Revenue | $231,698 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $28,754 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $690 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $109,712 |
| Contributions, gifts, grants paid | $395,890 |
| Total expenses and disbursements | $505,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $433,266 |
| 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 | $7,261,852 |
| 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, Alex C Young 1954 Walnut Hills Hs has awarded $395,890 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FREESTORE FOODBANK INC PURPOSE: DAILY OPERATIONAL SUPPORT | $54,969 |
CINCINNATI SYMPHONY ORCHESTRA PURPOSE: DAILY OPERATIONAL SUPPORT | $30,761 |
CITY GOSPEL MISSION PURPOSE: DAILY OPERATIONAL SUPPORT | $54,969 |
HAMILTON COUNTY SOCIETY PURPOSE: DAILY OPERATIONAL SUPPORT | $30,800 |
CINCINNATI MUSICAL FESTIVAL PURPOSE: DAILY OPERATIONAL SUPPORT | $65,995 |
SAVE THE ANIMALS FOUNDATION PURPOSE: DAILY OPERATIONAL SUPPORT | $30,800 |