Melvin & Dollie Younts Foundation
- Assets
- $836.3k
- Revenue
- $709.0
- Investments
- $836.3k
- Employees
- 0
- Location
- Fountain Inn, SC
- Founding
- 04/2002
- Data as of
- 12/2022
- 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 12/2022, Melvin & Dollie Younts Foundation generated $709.0 in total revenue. All expenses for the organization totaled $1.3k during the year ending 12/2022.
Since 2020, Melvin & Dollie Younts Foundation has awarded 64 individual grants totaling $199,482. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
SUPPORTING CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Laney Younts Chairman | 2 | $0 | |
Melvin K Younts Trustee | 1 | $0 | |
M Kemp Younts Trustee | 1 | $0 | |
Joseph M Younts Trustee | 1 | $0 | |
David W Younts Trustee | 1 | $0 | |
Trent H Culp Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $712 |
| Total Revenue | $709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,254 |
| Total operating and administrative expenses | $1,254 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $836,323 |
| 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 $48,250 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON UNIVERSITY FOUNDATION PURPOSE: UNRESTRICTED | $10,000 |
NEWBERRY COLLEGE PURPOSE: UNRESTRICTED | $27,000 |
FELLOWSHIP OF CHRISTIAN ATHLETES PURPOSE: UNRESTRICTED | $6,000 |
ANDERSON UNIVERSITY PURPOSE: UNRESTRICTED | $5,000 |
JASMINE ROAD INC PURPOSE: UNRESTRICTED | $250 |