J P Yancey Foundation
- Assets
- $255.7k
- Revenue
- $32.1k
- Investments
- $238.1k
- Employees
- 0
- Location
- Newport News, VA
- Founding
- 09/1960
- Data as of
- 05/2024
- EIN
- 54-6041815
Organization Overview
J P Yancey Foundation is located in Newport News, VA. The organization was established in 1960. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J P Yancey 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 05/2024, J P Yancey Foundation generated $32.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $14.6k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, J P Yancey Foundation has awarded 163 individual grants totaling $123,216. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Yancey President | 0 | $0 | |
Hiroko K Yancey Director | 0 | $0 | |
Amy Logan Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,454 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,654 |
| Capital Gain Net Income | $24,654 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,108 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $434 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,406 |
| Total operating and administrative expenses | $3,960 |
| Contributions, gifts, grants paid | $10,657 |
| Total expenses and disbursements | $14,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,431 |
| Savings and temporary cash investments | $9,227 |
| 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 | $238,064 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $255,722 |
| 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 | $409 |
| Total liabilities | $409 |
Grants Awarded
Over the last fiscal year, J P Yancey Foundation has awarded $10,657 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDRENS HOSPITAL OF THE KING'S DAUGHTERS PURPOSE: GENERAL CONTRIBUTION | $200 |
GLORIA DEI MINISTRIES (SUNRISE HOUSE) PURPOSE: GENERAL CONTRIBUTION | $800 |
HAMPTON ROADS ACADEMY PURPOSE: GENERAL CONTRIBUTION | $1,000 |
JAMESTOWN-YORKTOWN FOUNDATION INC PURPOSE: GENERAL CONTRIBUTION | $1,607 |
MARINERS' MUSEUM PURPOSE: GENERAL CONTRIBUTION | $1,000 |
PENINSULA SPCA PURPOSE: GENERAL CONTRIBUTION | $200 |