Susanne & Gloria Young Foundation
- Assets
- $772.8k
- Revenue
- $14.8k
- Investments
- $735.8k
- Employees
- 0
- Location
- Reno, NV
- Founding
- 05/2009
- Data as of
- 12/2022
- EIN
- 26-3617880
Organization Overview
Susanne & Gloria Young Foundation is located in Reno, NV. The organization was established in 2009. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Susanne & Gloria Young 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, Susanne & Gloria Young Foundation generated $14.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $141.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Susanne & Gloria Young Foundation has awarded 81 individual grants totaling $693,192. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susanne Pennington Trustee | 0 | $0 | |
Bernie Carter Trustee | 0 | $0 | |
Michelle Kling Trustee | 0 | $0 | |
Jill Gianoli Trustee | 0 | $0 | |
Doug Clark Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,525 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,690 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,835 |
| 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 | $22,245 |
| Total operating and administrative expenses | $25,495 |
| Contributions, gifts, grants paid | $115,667 |
| Total expenses and disbursements | $141,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,212 |
| Savings and temporary cash investments | $35,788 |
| 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 | $735,751 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $772,751 |
| 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, Susanne & Gloria Young Foundation has awarded $115,667 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AWAKEN PURPOSE: COUNSELING | $10,000 |
CARE CHEST PURPOSE: BILL KAHL FUNDRAISER | $1,000 |
CARMEL OF RENO PURPOSE: POSTAGE FOR THE CHRISTMAS CARD PRINTING PROGRAM | $5,000 |
COMMUNITY FOUNDATION OF NORTHERN NEVADA PURPOSE: OPERATING FUNDS | $1,000 |
DOMESTIC VIOLENCE RESOURCE CENTER PURPOSE: COUNSELING & TRANSPORTATION | $10,000 |
FOR KIDS FOUNDATION PURPOSE: COUNSELING | $15,000 |