Red Auerbach Youth Foundation Inc
- Assets
- $138.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palm Springs, CA
- Founding
- 02/1995
- Data as of
- 06/2024
- EIN
- 04-3254418
Organization Overview
Red Auerbach Youth Foundation Inc is located in Palm Springs, CA. The organization was established in 1995. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Auerbach Youth 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 06/2024, Red Auerbach Youth Foundation Inc generated $4.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $70.3k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE LIVES OF CHILDREN THROUGHOUT MASSACHUSETTS BY PROVIDING SPORTS AND RECREACTIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3
THE RED AUERBACH YOUTH FOUNDATION PROVIDES GRANTS TO LOCAL ORGANIZATIONS LIKE THE HINGHAM HIGH SCHOOL SPORTS ASSOCIATION WHOSE PURPOSE IS TO FOSTER AND ENCOURAGE ATHLETES FROM MASSACHUSETTS
THE RED AUERBACH YOUTH FOUNDATION PROVIDES GRANTS TO VARIOUS LOCAL ORGANIZATIONS.
THE RED AUERBACH YOUTH FOUNDATION PROVIDES GRANTS TO LOCAL ORGANIZATIONS LIKE THE FOUNDATION TO PROVIDE MUSICAL INSTRUMENTS TO LOCAL YOUTH.
THE RED AUERBACH YOUTH FOUNDATION PROVIDES GRANTS TO LOCAL ORGANIZATIONS LIKE THE SOUTH SHORE SPECIAL NEEDS ATHLETICS, WHICH SEEKS TO PROVIDE ATHLETIC AND RECREATIONAL ACTIVITIES FOR CHILDREN AND YOUNG ADULTS WITH DIFFERENT ABILITIES AND SPECIAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Auerbach Director | 0 | $0 | |
Julie Auerbach Flieger Director | 0 | $0 | |
Nancy Auerbach Collins Director | 0 | $0 | |
Stewart F Grossman President/clerk/director | 10 | $0 | |
Joshua Grossman Treasurer/vice President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3,221 |
| Gain or Loss | $1,050 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,271 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,850 |
| Occupancy, rent, utilities, and maintenance | $432 |
| Printing, publications, postage, and shipping | $1,828 |
| Other expenses | $3,749 |
| Total expenses | $70,310 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $138,024 |
| Other assets | $0 |
| Total assets | $138,066 |
| Total liabilities | $42 |
| Net assets or fund balances | $138,024 |
Grants Awarded
Over the last fiscal year, Red Auerbach Youth Foundation Inc has awarded $65,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HINGHAM HIGH SCHOOL SPORTS ASSOCIATION PURPOSE: TO SUPPORT YOUTH ATHLETICS. | $30,000 |
SOUTH SHORE SPECIAL NEEDS ATHLETICS PURPOSE: TO SUPPORT SPECIAL NEED YOUTH ATHLETICS. | $10,000 |
THE FOUNDATION PURPOSE: TO SUPPORT MUSIC WITH YOUNG PEOPLE | $25,000 |