Richard L Yuengling Jr Charitable Foundation
- Assets
- $4.0m
- Revenue
- $417.8k
- Investments
- $3.2m
- Employees
- 0
- Location
- Pottsville, PA
- Founding
- 04/2015
- Data as of
- 12/2022
- 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 12/2022, Richard L Yuengling Jr Charitable Foundation generated $417.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $211.2k during the year ending 12/2022. While expenses have increased by 3.6% per year over the past 4 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, Richard L Yuengling Jr Charitable Foundation has awarded 27 individual grants totaling $596,360. 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
2022
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 | $117,663 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $166 |
| Capital Gain Net Income | $166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $417,829 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,090 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $91 |
| Other expenses | $0 |
| Total operating and administrative expenses | $23,704 |
| Contributions, gifts, grants paid | $187,519 |
| Total expenses and disbursements | $211,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,178 |
| Savings and temporary cash investments | $869,507 |
| 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 | $1,100 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $100,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,037,244 |
| 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 $187,519 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: CHARITABLE PURPOSES. | $126,831 |
MADISON DALTON PURPOSE: SCHOLARSHIP | $7,500 |
JAMES SCHAEFFER PURPOSE: SCHOLARSHIP | $15,000 |
WILLIAM MCGOWAN PURPOSE: SCHOLARSHIP | $7,500 |
JUSTIN MCCLURE PURPOSE: SCHOLARSHIP | $688 |
EMILEE ROSE PURPOSE: SCHOLARSHIP | $7,500 |