Melvin & Dollie Younts Foundation
- Assets
- $636.0k
- Revenue
- $90.4k
- Investments
- $627.9k
- Employees
- 0
- Location
- Fountain Inn, SC
- Founding
- 04/2002
- Data as of
- 12/2020
- EIN
- 04-3587885
Organization Overview
Melvin & Dollie Younts Foundation is located in Fountain Inn, SC. The organization was established in 2002. 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. Melvin & Dollie Younts 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 12/2020, Melvin & Dollie Younts Foundation generated $90.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $106.0k during the year ending 12/2020. While expenses have increased by 31.8% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Melvin & Dollie Younts Foundation has awarded 108 individual grants totaling $256,104. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Laney Younts Chairman | 2 | $0 | |
M Kemp Younts Trustee | 1 | $0 | |
Melvin K Younts Trustee | 1 | $0 | |
Trent H Culp Trustee | 1 | $0 | |
David W Younts Trustee | 1 | $0 | |
Joseph M Younts Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,321 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,466 |
| Capital Gain Net Income | $10,997 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,398 |
| Total Revenue | $90,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $583 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,133 |
| Contributions, gifts, grants paid | $104,872 |
| Total expenses and disbursements | $106,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,082 |
| Savings and temporary cash investments | $0 |
| 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 | $635,952 |
| 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, Melvin & Dollie Younts Foundation has awarded $46,360 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Newberry, SC PURPOSE: UNRESTRICTED | $19,500 |
Clemson, SC PURPOSE: UNRESTRICTED | $13,000 |
Kansas City, MO PURPOSE: UNRESTRICTED | $8,000 |
BOY SCOUTS - BLUE RIDGE COUNCIL PURPOSE: UNRESTRICTED | $4,000 |
NEW LIFE IN CHRIST - MISSIONARY BAP PURPOSE: UNRESTRICTED | $1,000 |
SONPOINT BAPTIST FELLOWSHIP PURPOSE: UNRESTRICTED | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Darla Moore And Richard Rainwater Foundation Lake City, SC | $538,432,800 | $34,322,461 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |