Hereford Youth Foundation Of America
- Assets
- $6.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 01/1994
- Data as of
- 08/2023
- EIN
- 43-1515782
Organization Overview
Hereford Youth Foundation Of America is located in Kansas City, MO. The organization was established in 1994. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hereford Youth Foundation Of America 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 08/2023, Hereford Youth Foundation Of America generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. While expenses have increased by 6.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE, RECOGNIZE, AND REWARD THE DEVELOPMENT OF LIFE SKILLS AND VALUES IN THE NEXT GENERATION OF LEADERS BY PROVIDING EDUCATION, SCHOLARSHIP, AND LEADERSHIP OPPORTUNITIES FOR HEREFORD YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL DEVELOPMENT OF YOUTH INTERESTED IN HEREFORD CATTLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Ramsey Chairman/president | OfficerTrustee | 5 | $0 |
Steve Folkman Board Member | Trustee | 2 | $0 |
Katie Coyler Board Member | Trustee | 2 | $0 |
Nancy Keilty Board Member | Trustee | 2 | $0 |
Amy Cowan Secretary/treasurer | OfficerTrustee | 5 | $0 |
Kathy Buccholz Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $42,027 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,790,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,832,127 |
| Total Program Service Revenue | $570,548 |
| Investment income | $108,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,947 |
| Net Income from Fundraising Events | -$117,299 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,416,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $219,305 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,813 |
| Compensation of current officers, directors, key employees. | $99,813 |
| 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 | $21,006 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,537 |
| Fees for services: Other | $4,855 |
| Advertising and promotion | $15,978 |
| Office expenses | $26,281 |
| 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 | $3,975 |
| Insurance | $0 |
| All other expenses | $32,033 |
| Total functional expenses | $1,220,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,383,369 |
| Accounts receivable, net | $108,227 |
| 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 | $9,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,768,836 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,250 |
| Other assets | $15,120 |
| Total assets | $6,343,804 |
| Accounts payable and accrued expenses | $23,374 |
| 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 | $23,374 |
| Net assets without donor restrictions | $1,520,739 |
| Net assets with donor restrictions | $4,799,691 |
| 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 | $6,343,804 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Childrens Home Society Of Missouri St Louis, MO | $42,115,251 | $12,256,130 |
Presbyterian Child Welfare Agency Buckhorn, KY | $12,348,347 | $7,783,307 |
Childrens Advocacy Center Of Hamilton County Inc Chattanooga, TN | $930,889 | $1,206,088 |
Hereford Youth Foundation Of America Kansas City, MO | $6,343,804 | $2,416,341 |
The Childrens Advocacy Center Of Green River District Henderson, KY | $293,551 | $638,140 |
Wright County Childrens Home Norwood, MO | $1,316,300 | $359,745 |
Derrick Thomas Neil Smith Third And Long Foundation Kansas City, MO | $99,174 | $0 |
North Shore Auxiliary Of The Jewish Child And Family Services Chicago, IL | $68,512 | $108,557 |
Knoxville Scottish Rite Foundation Inc Knoxville, TN | $972,594 | $116,211 |
Chelis Childrens Foundation Chicago, IL | $284,180 | $212,824 |
Childrens Center Outreach Chicago, IL | $605,638 | $0 |