Hereford Youth Foundation Of America
- Assets
- $4.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 01/1994
- Data as of
- 08/2022
- 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 08/2022, Hereford Youth Foundation Of America generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $1.1m during the year ending 08/2022. 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
2022
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 |
Amy Cowan Secretary/treasurer | OfficerTrustee | 5 | $0 |
George Sprague Vice President | OfficerTrustee | 2 | $0 |
Steve Folkman Board Member | Trustee | 2 | $0 |
Nancy Keilty Board Member | Trustee | 2 | $0 |
Katie Coyler Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,582 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $538,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $582,690 |
| Total Program Service Revenue | $515,756 |
| Investment income | $98,337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,456 |
| Net Income from Fundraising Events | -$78,084 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,211,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $186,125 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,000 |
| Compensation of current officers, directors, key employees. | $105,000 |
| 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 | $21,164 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,448 |
| Fees for services: Other | $0 |
| Advertising and promotion | $950 |
| Office expenses | $66,833 |
| 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 | $2,650 |
| Insurance | $0 |
| All other expenses | $15,220 |
| Total functional expenses | $1,123,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,606 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $326,697 |
| Accounts receivable, net | $168,405 |
| 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 | $20,515 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,197,850 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $17,225 |
| Other assets | $8,461 |
| Total assets | $4,935,759 |
| Accounts payable and accrued expenses | $46,910 |
| 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 | $46,910 |
| Net assets without donor restrictions | $1,551,021 |
| Net assets with donor restrictions | $3,337,828 |
| 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 | $4,935,759 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hereford Youth Foundation Of America has recieved totaling $210,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $100,000 |
Servant Foundation Overland Park, KS PURPOSE: EDUCATION | $60,000 |
Mastek Sparkman Family Foundation Powell, OH PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Childrens Home Society Of Missouri St Louis, MO | $21,907,547 | $12,548,794 |
Presbyterian Child Welfare Agency Buckhorn, KY | $11,747,355 | $6,106,327 |
Childrens Advocacy Center Of Hamilton County Inc Chattanooga, TN | $797,989 | $1,370,400 |
Hereford Youth Foundation Of America Kansas City, MO | $4,935,759 | $1,211,155 |
The Childrens Advocacy Center Of Green River District Henderson, KY | $233,892 | $416,475 |
Wright County Childrens Home Norwood, MO | $1,464,598 | $359,749 |
Chelis Childrens Foundation Oakbrook Terrace, IL | $29,856 | $217,902 |
Derrick Thomas Neil Smith Third And Long Foundation Kansas City, MO | $113,547 | $0 |
North Shore Auxiliary Of The Jewish Child And Family Services Chicago, IL | $37,802 | $100,155 |
Knoxville Scottish Rite Foundation Inc Knoxville, TN | $964,020 | $97,146 |
Childrens Center Outreach Chicago, IL | $605,638 | $120,541 |