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 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 6 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 352 individual grants totaling $13,042,617. 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 | $85,480 | |
Emile A Wagner III Treasurer | 4.25 | $26,952 | |
Gwen E Ross Secretary | 40 | $48,191 | |
Melissa Parsiola Vice Preside | 4.25 | $26,250 | |
Tim Betbeze Director | 4.25 | $31,223 |
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 $2,059,407 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ASHLEY LANCLOS PURPOSE: SCHOLARSHIP | $2,500 |
ATKINSON MEMORIAL PRESBYTERIAN CHUR PURPOSE: OPERATIONS, GROUNDS UPKEEP | $17,400 |
BEARS PURPOSE: INTERNET, VOIP PHONE | $1,170 |
CENTRAL CATHOLIC ELEMENTARY SCHOOL PURPOSE: SCHOLARSHIPS, INTERCOM | $40,897 |
CENTRAL CATHOLIC HIGH SCHOOL PURPOSE: SCHOLARSHIPS, BOOKS | $19,000 |
CHILDREN'S THEATER PURPOSE: SUMMER PRODUCTIONS | $10,000 |