Earl Young Foundation Inc
- Assets
- $28.4k
- Revenue
- $168.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-2532700
Organization Overview
Earl Young Foundation Inc is located in Dallas, TX. The organization was established in 2015. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Earl 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 12/2023, Earl Young Foundation Inc generated $168.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 65.6% each year . All expenses for the organization totaled $188.8k during the year ending 12/2023. While expenses have increased by 29.8% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE AWARENESS OF THE NEED FOR STEM CELL BONE MARROW DONORW FOR TRANSPLANTS TO THOSE DIAGNOSED WITH BLOOD CANCER AND REGISTERING SUCH DONORS AT BONE MARROW DRIVES WHICH ARE HELD AT COLLEGES UNIVERSITIES CORPORATIONS AND CHURCHES. SINCE INCEPTION OVER 22,000 HAVE BEEN REGISTERED AND OVER 60 MATCHES HAVE OCURRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Young Manager | 40 | $17,000 | |
Charles Cadill Director President | 0.5 | $0 | |
Dr Kenneth Reed Director Vice Pres. | 0.5 | $0 | |
Grant Young Director Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $77,950 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90,016 |
| Total Revenue | $167,966 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,000 |
| Other employee salaries and wages | $27,667 |
| Pension plans, employee benefits | $14,418 |
| Interest | $0 |
| Taxes | $3,741 |
| Depreciation | $0 |
| Occupancy | $12,000 |
| Travel, conferences, and meetings | $27,608 |
| Printing and publications | $5,425 |
| Other expenses | $78,728 |
| Total operating and administrative expenses | $187,020 |
| Contributions, gifts, grants paid | $1,775 |
| Total expenses and disbursements | $188,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,426 |
| Savings and temporary cash investments | $0 |
| 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 | $28,426 |
| 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 | $2,211 |
| Total liabilities | $2,211 |
Grants Awarded
Over the last fiscal year, Earl Young Foundation Inc has awarded $1,775 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NEW FRIENDS NEW LIFE PURPOSE: TO HELP WOMEN ESCAPE PROSTITUTION | $500 |
ARKANSAS NURSING STUDENT ASS'N PURPOSE: TO PROVIDE NURSING SCHOOL SCHOLARSHIPS | $675 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: TO HELP FORMER OLYMPIANS | $500 |
CARINGBRIDGE PURPOSE: DISABILITY ASSISTANCE | $100 |