Forever Young Foundation
- Assets
- $7.2m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Bountiful, UT
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 87-0509354
Organization Overview
Forever Young Foundation is located in Bountiful, UT. The organization was established in 1993. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Forever 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, Forever Young Foundation generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Forever Young Foundation has awarded 237 individual grants totaling $20,817,057. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PASSING ON HOPE AND RESOURCES FOR THE DEVELOPMENT, STRENGTH, AND EDUCATION OF CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL OPPORTUNITIES FOR CHILDREN IN UNDERSERVED AREAS THROUGH BUILDING SCHOOLS, FUNDING SCHOLARSHIPS, AND MAKING STATE OF THE ART TECHNOLOGY AVAILABLE
BENEFITING CHILDREN SUFFERING FROM MEDICAL CHALLENGES AND DISABILITIES THROUGH PROVIDING HEALING OPPORTUNITIES TO BOTH BODY AND SPIRIT. THIS IS ACCOMPLISHED THROUGH OFFERING PROGRAMMING, BUILDING MUSIC THERAPY CENTERS (SOPHIE'S PLACE) IN HOSPITALS, AND SUPPORTING ORGANIZATIONS FOCUSED ON FINDING CURES FOR CHILDHOOD DISEASES
SUPPORTING AT-RISK CHILDREN THROUGH THE FUNDING OF MULTIMEDIA TECHNOLOGY CENTERS (FOREVER YOUNG ZONES, 8 TO 80 ZONES), PROVIDING SCHOLARSHIPS TO BEHAVORIAL TREATMENT CENTERS, AND FUNDING COMMUNITY PARTNERS FOCUSED ON IMPROVING OPPORTUNITIES FOR DISADVANTAGED YOUTH
OTHER PROGRAM ACCOMPLISHMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sterling Tanner President | Officer | 40 | $166,464 |
Barbara Young Vp/trustee | OfficerTrustee | 0 | $0 |
Douglas P Smith Secretary | Officer | 0 | $0 |
J Steven Young Founder/trustee | Trustee | 0 | $0 |
Edward Bryant Jr Trustee | Trustee | 0 | $0 |
Richard Lawson Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,775,929 |
| Noncash contributions included in lines 1a–1f | $300,980 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,775,929 |
| Total Program Service Revenue | $0 |
| Investment income | $99,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,221,934 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,097,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,254,691 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $166,464 |
| Compensation of current officers, directors, key employees. | $24,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,408 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,431 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,374 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,696 |
| All other expenses | $30,202 |
| Total functional expenses | $3,779,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,763,806 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $984,316 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,620,905 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $631,341 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,000 |
| Total assets | $7,150,368 |
| Accounts payable and accrued expenses | $6,651 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $117,388 |
| Total liabilities | $124,039 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,026,329 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,150,368 |
Grants Awarded
Over the last fiscal year, Forever Young Foundation has awarded $3,244,399 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ENGAGE NOW AFRICA PURPOSE: GENERAL OPERATIONS | $929,462 |
Mesa, AZ PURPOSE: GENERAL OPERATIONS | $582,732 |
WASATCH ADAPTIVE SPORTS PURPOSE: GENERAL OPERATIONS | $366,080 |
CRYSTAL SPRINGS FOUNATIONS PURPOSE: GENERAL OPERATIONS | $260,000 |
BAY AREA RESCUE MISSION PURPOSE: GENERAL OPERATIONS | $168,900 |
8 TO 80 ZONE PURPOSE: GENERAL OPERATIONS | $166,489 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Forever Young Foundation has recieved totaling $736,385.
| Awarding Organization | Amount |
|---|---|
Capital Impact Foundation Palo Alto, CA PURPOSE: SUPPORT FOR FOREVER YOUNG FOUNDATION, WHICH FOCUSES ON PASSING HOPE AND RESOURCES FOR THE DEVELOPMENT, STRENGTH, AND EDUCATION OF CHILDREN. | $517,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $60,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $60,000 |
Bain Capital Childrens Charity Ltd Boston, MA PURPOSE: Benefits Children | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,960 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nevada H A N D Inc Las Vegas, NV | $77,122,058 | $13,558,861 |
John P Ellbogen Foundation Laramie, WY | $46,423,424 | $5,451,826 |
Caring For Colorado Centennial Fund Denver, CO | $31,808,788 | $10,829,484 |
Barton Institute For Community Action Denver, CO | $34,619,921 | $16,322,072 |
Forever Young Foundation Bountiful, UT | $7,150,368 | $5,097,036 |
Lensic Performing Arts Center Corporation Santa Fe, NM | $15,012,313 | $4,156,320 |
Gilcrease Orchard Foundation Las Vegas, NV | $14,594,818 | $3,005,539 |
Clarendon Foundation Sandy, UT | $9,714,248 | $1,864,583 |
Arizona School Choice Trust Inc Chandler, AZ | $1,968,579 | $1,563,755 |
Colorado State Patrol Family Foundation Lakewood, CO | $3,544,334 | $2,358,520 |
Maricopa County Foundation For Medical Care Inc Glendale, AZ | $1,269,920 | $1,265,638 |
J H Harvey Trust Las Vegas, NV | $17,531,021 | $2,222,446 |