Distinguished Young Women Foundation
- Assets
- $240.3k
- Revenue
- $704.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Mobile, AL
- Founding
- 03/2015
- Data as of
- 09/2023
- EIN
- 47-2393933
Organization Overview
Distinguished Young Women Foundation is located in Mobile, AL. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 09/2023, Distinguished Young Women Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Distinguished Young Women 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 09/2023, Distinguished Young Women Foundation generated $704.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $741.5k during the year ending 09/2023. While expenses have increased by 0.5% 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
TO POSITIVELY IMPACT YOUNG WOMEN BY ENCOURAGING, PROMOTING, AND REWARDING LEADERSHIP, SCHOLASTIC ACHIEVEMENT, AND TALENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELECT AMERICA'S DISTINGUISHED YOUNG WOMAN AND OTHER EDUCATIONAL SCHOLARSHIP WINNERS, AND PROVIDE SUPPORT FOR STATE AND REGIONAL SELECTION ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faye Olensky Exec. Comm. | Trustee | 1 | $0 |
Deanna Graham Member | Trustee | 0.25 | $0 |
Robert F Diehl Jr Member | Trustee | 0.5 | $0 |
Joy Grodnick Exec. Comm. | Trustee | 0.5 | $0 |
Phil Kaiser Member | Trustee | 0.25 | $0 |
Lauren Barkin Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,000 |
| Government grants | $158,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $427,291 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $591,041 |
| Total Program Service Revenue | $97,658 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,453 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $898 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $704,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $48,000 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,513 |
| Payroll taxes | $14,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,669 |
| Fees for services: Accounting | $20,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,000 |
| Advertising and promotion | $0 |
| Office expenses | $3,834 |
| Information technology | $9,416 |
| Royalties | $0 |
| Occupancy | $17,773 |
| 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 | $1,268 |
| Insurance | $14,956 |
| All other expenses | $56,449 |
| Total functional expenses | $741,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,796 |
| Savings and temporary cash investments | $100,018 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,394 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,610 |
| Prepaid expenses and deferred charges | $6,674 |
| Net Land, buildings, and equipment | $1,832 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $240,324 |
| Accounts payable and accrued expenses | $1,100 |
| Grants payable | $0 |
| Deferred revenue | $28,000 |
| 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 | $29,100 |
| Net assets without donor restrictions | $209,085 |
| Net assets with donor restrictions | $2,139 |
| 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 | $240,324 |