Howard Young Foundation Inc
- Assets
- $26.0m
- Revenue
- $6.2m
- Investments
- $23.3m
- Employees
- 5
- Location
- Minocqua, WI
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 39-1521169
Organization Overview
Howard Young Foundation Inc is located in Minocqua, WI. The organization was established in 1985. 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. As of 06/2022, Howard Young Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Howard Young 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 06/2022, Howard Young Foundation Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 3.1% 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, Howard Young Foundation Inc has awarded 51 individual grants totaling $10,869,342. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR HOWARD YOUNG HEALTH CARE, INC., SO THAT THEY MAY IMPROVE THE HEALTH AND WELL- BEING OF ALL THE PEOPLE IN THE COMMUNITY THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOWARD YOUNG FOUNDATION SUPPORTS THE FUNCTIONS RELATED TO THE HEALTH AND WELL-BEING OF THOSE IN OUR SURROUNDING COMMUNITIES, INCLUDING CAPITAL PURCHASES FOR THE HOWARD YOUNG MEDICAL CENTER, INC. AND ASCENSION EAGLE RIVER HOSPITAL, INC.; SUPPORT FOR MINISTRY HOME CARE, INC. -WHICH PROVIDES IN-HOME MEDICAL CARE; PROVIDES SUPPORT TO THE LOCAL FOOD PANTRY TO PROVIDE ASSISTANCE TO THOSE IN THE COMMUNITY IN NEED OF HELP PROVIDING FOOD OR OTHER STAPLES FOR THEIR FAMILIES; AND PROVIDES SUPPORT FOR CONTINUING EDUCATION FOR PROVIDERS AND NURSING STAFF IN THE COMMUNITY IN ORDER TO ENHANCE THE CARE PROVIDED FOR THOSE IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Biertzer President | Officer | 40 | $133,702 |
Trygve Solberg Chairman | OfficerTrustee | 1 | $0 |
Aldo Madrigrano Vice Chairman | OfficerTrustee | 1 | $0 |
Greg Nicklaus Treasurer | OfficerTrustee | 1 | $0 |
Mark Pitman Secretary | OfficerTrustee | 1 | $0 |
Carrie Nichols Hoye Executive Board Member At-Large | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,513,198 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,725,908 |
| Noncash contributions included in lines 1a–1f | $1,125,802 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,239,106 |
| Total Program Service Revenue | $32,077 |
| Investment income | $657,297 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $237,727 |
| Net Income from Gaming Activities | $67,730 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,233,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $969,735 |
| 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. | $274,144 |
| Compensation of current officers, directors, key employees. | $27,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $117,271 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $53,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $49,034 |
| Insurance | $0 |
| All other expenses | $19,509 |
| Total functional expenses | $1,747,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,238,292 |
| Pledges and grants receivable | $537,797 |
| 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 | $788,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,319,645 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $145,190 |
| Total assets | $26,029,870 |
| Accounts payable and accrued expenses | $43,095 |
| 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 | $976,397 |
| Total liabilities | $1,019,492 |
| Net assets without donor restrictions | $10,580,790 |
| Net assets with donor restrictions | $14,429,588 |
| 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 | $26,029,870 |
Grants Awarded
Over the last fiscal year, Howard Young Foundation Inc has awarded $969,735 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LAKELAND UNION HIGH SCHOOL LAKELAND STAR PURPOSE: AUTISM SERVICES | $415,975 |
Wausau, WI PURPOSE: PATIENT SERVICES | $328,684 |
Wausau, WI PURPOSE: TICK BORNE ILLNESS CENTER | $199,142 |
Wausau, WI PURPOSE: TICK BORNE ILLNESS CENTER | $25,934 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Howard Young Foundation Inc has recieved totaling $161,681.
| Awarding Organization | Amount |
|---|---|
Betty J Koller Beneficiaries Tr Webster, WI PURPOSE: OPERATIONS | $161,681 |
Endowment Analysis
| Beg. Balance | $677,076 |
| Earnings | -$35,156 |
| Net Contributions | $5,350 |
| Ending Balance | $647,270 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Pritzker Traubert Foundation Chicago, IL | $0 | $14,671,849 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Motorola Solutions Foundation Chicago, IL | $427,877 | $12,200,078 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
The Walsh Foundation Chicago, IL | $179,756,510 | $18,008,076 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |