William M Yarbrough Foundation
- Assets
- $22.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Lincolnshire, IL
- Founding
- 10/2004
- Data as of
- 06/2023
- EIN
- 20-0382246
Organization Overview
William M Yarbrough Foundation is located in Lincolnshire, IL. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. William M Yarbrough 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 06/2023, William M Yarbrough Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 7.2% per year over the past 8 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 2015, William M Yarbrough Foundation has awarded 47 individual grants totaling $5,970,709. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ORGANIZATIONS WHICH PROVIDE CARE AND EDUCATION TO CHILDREN, YOUTHS, AND YOUNG ADULTS WHO MAY BE NEGLECTED, ABUSED, ABANDONED; TO ASSIST PREGNANT WOMEN WITH ALTERNATIVES TO ABORTION; TO EDUCATE COMMUNITIES TO BASIC CHRISTIAN TENETS; TO CONDUCT SCIENTIFIC RESEARCH TO DISCOVER TREATMENTS FOR SKIN DISEASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT ORGANIZATIONS WHICH PROVIDE CARE AND EDUCATION TO CHILDREN, YOUTHS, AND YOUNG ADULTS WHO MAY BE NEGLECTED, ABUSED, ABANDONED; TO ASSIST PREGNANT WOMEN WITH ALTERNATIVES TO ABORTION; TO EDUCATE COMMUNITIES TO BASIC CHRISTIAN TENETS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Col William M Yarbrough Chief Executive Officer | OfficerTrustee | 1 | $0 |
Major Kelly Collins Director | Trustee | 1 | $0 |
Donald Tenconi Director | Trustee | 1 | $0 |
Father Frank A Pavone Director | Trustee | 1 | $0 |
Bruce Wilkinson Director | Trustee | 1 | $0 |
Michael J Legamaro Assistant Secretary | Officer | 1 | $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 | $57,296 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,296 |
| Total Program Service Revenue | $0 |
| Investment income | $1,490,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,175,300 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $186,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,909,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $637,436 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $132,678 |
| Fees for services: Accounting | $17,943 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,792 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,097 |
| Total functional expenses | $1,412,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $177,020 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,588,011 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $339,472 |
| Total assets | $22,104,503 |
| Accounts payable and accrued expenses | $61,448 |
| 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 | $0 |
| Total liabilities | $61,448 |
| Net assets without donor restrictions | $22,043,055 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $22,104,503 |
Grants Awarded
Over the last fiscal year, William M Yarbrough Foundation has awarded $637,335 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY OF IL PURPOSE: MINISTRY | $242,637 |
WORLD WIDE COMPASSION PURPOSE: MINISTRY | $120,000 |
ESTHER HOUSE PURPOSE: MINISTRY | $62,698 |
PRIESTS FOR LIFE PURPOSE: MINISTRY | $150,000 |
CHILDREN'S SKIN DISEASE FOUNDATION PURPOSE: MINISTRY | $50,000 |
VINEYARD CHURCH OF BOWLING GREEN OH PURPOSE: MINISTRY | $12,000 |