Yount Foundation Inc
- Assets
- $138.3k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Hickory, NC
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 20-5240159
Organization Overview
Yount Foundation Inc is located in Hickory, NC. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yount 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 12/2023, Yount Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 8.7% per year over the past 9 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, Yount Foundation Inc has awarded 365 individual grants totaling $11,367,903. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 2 | $0 | |
Name Not Listed Vice-President | 2 | $0 | |
Name Not Listed Treasurer | 2 | $0 | |
Name Not Listed Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,891,598 |
| 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 | $1,891,598 |
| 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 | $46,285 |
| Printing and publications | $0 |
| Other expenses | $3,657 |
| Total operating and administrative expenses | $51,542 |
| Contributions, gifts, grants paid | $1,753,616 |
| Total expenses and disbursements | $1,805,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,345 |
| 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 | $138,345 |
| 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 | $892 |
| Total liabilities | $892 |
Grants Awarded
Over the last fiscal year, Yount Foundation Inc has awarded $1,753,616 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: COMMUNITY SUPPORT | $2,500 |
BLACK MTN HOME FOR CHILDREN PURPOSE: COMMUNITY SUPPORT | $55,000 |
CAPPS MINISTRIES PURPOSE: COMMUNITY SUPPORT | $2,847 |
CBN PURPOSE: COMMUNITY SUPPORT | $50,000 |
CFNI PURPOSE: COMMUNITY SUPPORT | $115,000 |
CATAWBA VALLEY GAL ASSOCIATION PURPOSE: COMMUNITY SUPPORT | $2,000 |