Young Family Charitable Trust
- Assets
- $1.2m
- Revenue
- $54.8k
- Investments
- $764.7k
- Employees
- 0
- Location
- Central City, KY
- Founding
- Data as of
- 12/2022
- EIN
- 85-6815943
Organization Overview
Young Family Charitable Trust is located in Central City, KY. 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. Young Family Charitable Trust 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 12/2022, Young Family Charitable Trust generated $54.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (56.7%) each year. All expenses for the organization totaled $78.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Young Trustee | 0.25 | $0 | |
Linda Young Trustee | 0.25 | $0 | |
Mark Ryan Young Trustee | 0.25 | $0 | |
Melanie Spencer Young Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $3,698 |
| Dividends & Interest | $13,458 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,401 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,755 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $5,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $16,584 |
| Contributions, gifts, grants paid | $62,220 |
| Total expenses and disbursements | $78,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,865 |
| Savings and temporary cash investments | $350,230 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,152,768 |
| 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, Young Family Charitable Trust has awarded $62,220 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST BAPTIST CHURCH PURPOSE: TO PROVIDE FUNDING FOR BUILDING AND GROUNDS REPAIRS AND MAINTENANCE | $820 |
FELIX E MARTIN JR FOUNDATION PURPOSE: TO PROVIDE FUNDING TO SUPPORT EXPENSES ASSOCIATED WITH THE IGNITE PROGRAM | $60,000 |
SHELDON BOYS AND GIRLS CLUB PURPOSE: CHILD CARE | $1,300 |
ONEIDA BAPTIST INSTITUTE PURPOSE: EDUCATION AND INTANGIBLE RELIGIOUS BENEFITS | $100 |