F L Young Foundation Incorporated
- Assets
- $1.8m
- Revenue
- -$313.5k
- Investments
- $1.7m
- Employees
- 0
- Location
- Greenville, TX
- Founding
- 07/1986
- Data as of
- 12/2022
- EIN
- 75-2108323
Organization Overview
F L Young Foundation Incorporated is located in Greenville, TX. The organization was established in 1986. 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. F L Young Foundation Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, F L Young Foundation Incorporated has awarded 75 individual grants totaling $421,327. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
W.WALWORTH HARRISON PUBLIC LIBRARY
CASA
ARMS OF HOPE
HOPE CENTER OF GREENVILLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Alexander President | 0.5 | $0 | |
Kim Coker Treasurer | 1 | $0 | |
Lisa Hill Secretary | 0.5 | $0 | |
D Keith Anderson Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,463 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$365,967 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$313,504 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,214 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $170 |
| Total operating and administrative expenses | $24,699 |
| Contributions, gifts, grants paid | $59,952 |
| Total expenses and disbursements | $84,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,424 |
| 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 | $1,706,248 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,758,672 |
| 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, F L Young Foundation Incorporated has awarded $59,952 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
GREENVILLE ISD PURPOSE: TO PROVIDE STUDENTS WITH FUN EXTRACURRICULURS. | $2,500 |
ARMS OF HOPE PURPOSE: PROVIDE FUNDING FOR PROGRAMS THAT ASSIST SINGLE MOTHERS AND CHILDREN IN NEED. | $7,500 |
QUINLAN ISD PURPOSE: TO PROVIDE STUDENTS WITH FUN EXTRACURRICULARS. | $2,500 |
HOPE CENTER OF GREENVILLE PURPOSE: TO HELP SHOW GOD'S LOVE BY PROVIDING HOPE THROUGH A VARIETY OF ACTIVITIES, INCLUDING LITERACY, TUTORING, MENTORING, AND LIFE SKILLS TRAINING | $4,712 |
HUNT COUNTY RAPE CRISIS CENTER PURPOSE: TO HELP CHILDREN WHO HAVE SUFFERED FROM ABUSE | $3,000 |
TREVOR WADE DANIEL FOUNDATION PURPOSE: TO ASSIST FAMILIES WHO ARE BATTLING CHILDHOOD CANCER | $2,500 |