Peg And Rick Young Foundation
- Assets
- $3.1m
- Revenue
- $95.4k
- Investments
- $3.1m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 04/2003
- Data as of
- 12/2023
- EIN
- 73-1661452
Organization Overview
Peg And Rick Young Foundation is located in Seattle, WA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Peg And Rick 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 12/2023, Peg And Rick Young Foundation generated $95.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $406.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Peg And Rick Young Foundation has awarded 267 individual grants totaling $1,264,450. 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 |
|---|---|---|---|
Joanne Young President | 20 | $37,440 | |
Kermit Anderson Secretary | 0.5 | $0 | |
Debra Nordby Treasurer | 1 | $5,000 | |
Robert Ness Vice-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28,672 |
| Dividends & Interest | $52,114 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,135 |
| Capital Gain Net Income | $14,135 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $435 |
| Total Revenue | $95,356 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,440 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,390 |
| Interest | $0 |
| Taxes | $6,196 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,873 |
| Total operating and administrative expenses | $86,761 |
| Contributions, gifts, grants paid | $319,750 |
| Total expenses and disbursements | $406,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,722 |
| Savings and temporary cash investments | $14,211 |
| 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 | $1,076 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,108,886 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Peg And Rick Young Foundation has awarded $319,750 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
ACT THEATRE PURPOSE: TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $6,500 |
AID NORTHWEST PURPOSE: TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $5,000 |
ASSISTANCE LEAGUE OF BELLINGHAM PURPOSE: TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $1,500 |
BELLEVUE BOYS & GIRLS CLUB PURPOSE: TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $5,000 |
BELONG PARTNERS PURPOSE: TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $2,250 |
BIRDNOTETUNE IN TO NATUREORG PURPOSE: TO ASSIST IN CARRYING OUT THE ORG. CHARITABLE PURPOSE | $10,000 |