Young Family Foundation Inc
- Assets
- $43.8k
- Revenue
- $10.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- Data as of
- 09/2023
- EIN
- 87-4057152
Organization Overview
Young Family Foundation Inc is located in Buffalo, NY. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Family Foundation Inc 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 09/2023, Young Family Foundation Inc generated $10.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (55.3%) each year. All expenses for the organization totaled $7.0k during the year ending 09/2023. 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 |
|---|---|---|---|
Ronald J Young President | 0 | $0 | |
Linda A Young Vice President/cfo | 0 | $0 | |
Anita Johnson Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $3,011 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $7,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,788 |
| 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 | $43,788 |
| 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 Foundation Inc has awarded $4,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
LAFAYETTE INTERNATIONAL SCHOOL PS #207 PURPOSE: SCHOLARSHIP FOR THE GRADUATING SENIOR WITH THE HIGHEST GPA IN THE SENIOR YEAR. | $1,000 |
SWEET HOME CENTRAL PURPOSE: BOOKWORM SCHOLARSHIP FOR GRADUATE WHO IS A VORACIOUS READER. HOCKEY - THE SENIOR PLAYER MOST DEDICATED TO THE SPORT. GIRLS SOCCER SCHOLARSHIP GIVEN TO THE TEAM CAPTAIN | $2,750 |
OUR LADY OF VICTORY ELEMENTARY SCHOOL PURPOSE: TUITION, MATERIALS, ATHLETIC EQUIPMENT AS NEEDED TO BENEFIT SCHOOL AND STUDENTS | $250 |