H & B Young Foundation
- Assets
- $30.4m
- Revenue
- $3.7m
- Investments
- $27.0m
- Employees
- 0
- Location
- Morgan City, LA
- Founding
- 02/1957
- Data as of
- 12/2021
- EIN
- 72-6029365
Organization Overview
H & B Young Foundation is located in Morgan City, LA. The organization was established in 1957. 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. H & B Young 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 12/2021, H & B Young Foundation generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 7 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.
Since 2016, H & B Young Foundation has awarded 367 individual grants totaling $12,339,062. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda B Ayo President | 40 | $78,450 | |
Gwen E Ross Secretary | 40 | $46,250 | |
Tim Betbeze Director | 4.25 | $30,739 | |
Emile A Wagner III Treasurer | 4.25 | $26,250 | |
Melissa Parsiola Vice Preside | 4.25 | $26,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $34,333 |
| Dividends & Interest | $632,340 |
| Net Rental Income | $1,421,449 |
| Net Gain on Sale of Assets | $1,693,108 |
| Capital Gain Net Income | $1,693,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$105,239 |
| Total Revenue | $3,701,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $207,939 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $17,750 |
| Interest | $199 |
| Taxes | $69,197 |
| Depreciation | $7,540 |
| Occupancy | $8,162 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $375,396 |
| Total operating and administrative expenses | $745,108 |
| Contributions, gifts, grants paid | $1,855,712 |
| Total expenses and disbursements | $2,600,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $867,891 |
| Net Accounts receivable | $11,532 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $3,564 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,052 |
| Net Investments - land, buildings, equipment | $2,299,918 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $187,221 |
| Other assets | $35,012 |
| Total assets | $30,382,041 |
| Accounts payable and accrued expenses | $48,760 |
| Grants payable | $0 |
| Deferred revenue | $187,184 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $235,944 |
Grants Awarded
Over the last fiscal year, H & B Young Foundation has awarded $1,855,712 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
Lafayette, LA PURPOSE: SCHOLARSHIPS, COURSES | $415,000 |
IMMANUEL CHRISTIAN SCHOOL PURPOSE: CONSTRUCTION ON NEW BUILDING | $270,007 |
Morgan City, LA PURPOSE: AID TO RESIDENTS, OPERATING EXPENSES | $260,000 |
Franklin, LA PURPOSE: MEALS ON WHEELS | $120,000 |
MORGAN CITY YOUTH CENTER PURPOSE: PROGRAM OPERATIONS, NEEDS | $94,750 |
GLORY MINISTRIES PURPOSE: INDIVIDUAL AND FAMILY INTERVENTION | $71,009 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |
Mays Family Foundation San Antonio, TX | $0 | $19,028,281 |
Robert J Kleberg Jr And Helen C Kleberg Foundation San Antonio, TX | $227,820,176 | $32,756,087 |