Youngstown Foundation
- Assets
- $124.5m
- Revenue
- -$1.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Youngstown, OH
- Founding
- 09/1942
- Data as of
- 12/2022
- EIN
- 34-6515788
Organization Overview
Youngstown Foundation is located in Youngstown, OH. The organization was established in 1942. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Youngstown Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youngstown Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Youngstown Foundation has awarded 643 individual grants totaling $37,251,133. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL ASSISTANCE (GRANTS) TO CHARITABLE, SCIENTIFIC, AND EDUCATIONAL INSTITUTIONS THAT PROMOTE MENTAL, MORAL, AND PHYSICAL WELL-BEING TO THE INHABITANTS OF THE CITY OF YOUNSTOWN AND VICINITY.
Describe the Organization's Program Activity:
YOUNGSTOWN SCHOOL DISTRICT
YOUNGSTOWN STATE UNIVERSITY
POTENTIAL DEVELOPMENT PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 30 | $668,954 | |
Martha L Bushey Chairman | Officer | 1 | $0 |
David M Toepfer Vice Chair | Officer | 1 | $0 |
Theodore M Schmidt Distribution Committee | Officer | 1 | $0 |
Rona Curtis Distribution Committee | Officer | 1 | $0 |
Rebecca Davis Distribution Committee | 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 | $329,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,902 |
| Total Program Service Revenue | $0 |
| Investment income | $1,825,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,712,722 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$1,557,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,344,479 |
| 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. | $808,553 |
| Compensation of current officers, directors, key employees. | $401,372 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,010 |
| Payroll taxes | $11,587 |
| Fees for services: Management | $32,109 |
| Fees for services: Legal | $6,967 |
| Fees for services: Accounting | $38,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $85,000 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,823 |
| Travel | $5,937 |
| 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 | $101,547 |
| Insurance | $557 |
| All other expenses | $497 |
| Total functional expenses | $6,508,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,352,147 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,993 |
| Investments—publicly traded securities | $117,447,134 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,650,000 |
| Other assets | $0 |
| Total assets | $124,452,274 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $43,404,088 |
| Net assets with donor restrictions | $81,048,186 |
| 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 | $124,452,274 |
Grants Awarded
Over the last fiscal year, Youngstown Foundation has awarded $4,872,582 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
STUDENTS MOTIVATED BY THE ARTS PURPOSE: PROGRAM SUPPORT | $111,630 |
H H STAMBAUGH AUDITORIUM PURPOSE: PROGRAM SUPPORT | $649,488 |
YOUNGSTOWN NEIGHBORHOOD DEVELOPMENT PURPOSE: PROGRAM SUPPORT | $65,015 |
RESCUE MISSION OF MAHONING VALLEY PURPOSE: PROGRAM SUPPORT | $239,320 |
HELP HOTLINE PURPOSE: HOTLINE SERVICES SUPPORT | $374,210 |
THE WALNUT GROVE PURPOSE: PROGRAM SUPPORT | $159,210 |