Richard L Yuengling Jr Charitable Foundation
- Assets
- $3.8m
- Revenue
- $392.0k
- Investments
- $2.7m
- Employees
- 0
- Location
- Pottsville, PA
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 23-2790830
Organization Overview
Richard L Yuengling Jr Charitable Foundation is located in Pottsville, PA. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Richard L Yuengling Jr Charitable 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 12/2021, Richard L Yuengling Jr Charitable Foundation generated $392.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $231.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard L Yuengling Jr Charitable Foundation has awarded 18 individual grants totaling $408,841. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION DONATES TO ELIGIBLE 501(C)(3) CHARITIES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,229 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,738 |
| Capital Gain Net Income | $1,738 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $391,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $883 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $88 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,614 |
| Contributions, gifts, grants paid | $218,210 |
| Total expenses and disbursements | $231,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,559 |
| Savings and temporary cash investments | $1,112,712 |
| 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 | $900 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,830,638 |
| 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 | $1 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, Richard L Yuengling Jr Charitable Foundation has awarded $218,210 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: CHARITABLE PURPOSES. | $168,500 |
WILLIAM MCGOWAN PURPOSE: SCHOLARSHIP | $7,500 |
MADISON DALTON PURPOSE: SCHOLARSHIP | $7,500 |
JOHN T CONNORS PURPOSE: SCHOLARSHIP | $7,500 |
STEPHEN MESSINA PURPOSE: SCHOLARSHIP | $7,500 |
JAMES SCHAEFFER PURPOSE: SCHOLARSHIP | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |