Young Family Foundation Of Waterloo Iowa
- Assets
- $8.1m
- Revenue
- $784.1k
- Investments
- $8.0m
- Employees
- 0
- Location
- Waterloo, IA
- Founding
- 11/1990
- Data as of
- 12/2020
- EIN
- 42-1356506
Organization Overview
Young Family Foundation Of Waterloo Iowa is located in Waterloo, IA. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Young Family Foundation Of Waterloo Iowa 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 12/2020, Young Family Foundation Of Waterloo Iowa generated $784.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $543.8k during the year ending 12/2020. While expenses have increased by 2.4% per year over the past 6 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 2014, Young Family Foundation Of Waterloo Iowa has awarded 82 individual grants totaling $3,261,855. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATERLOO COMMUNITY FOUNDATION, WATERLOO, IOWA FOR YOUTH PROGRAMS
CEDAR VALLEY MONARCH PROJECT, WATERLOO, IOWA FOR WILDLIFE PRESERVATION
GABLE MUSEUM NT'L. WRESTLING, WATERLOO, IOWA FOR YOUTH PROGRAMS
WATERLOO SCHOOLS FOUNDATION, WATERLOO, IOWA FOR YOUTH PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard C Young President | 2 | $0 | |
Travis Young Secretary/tr | 1 | $0 | |
Thomas S Young Vice Preside | 1 | $0 | |
Michael R Young Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $226,400 |
| Interest on Savings | $30,515 |
| Dividends & Interest | $185,230 |
| Net Rental Income | $1,500 |
| Net Gain on Sale of Assets | $342,212 |
| Capital Gain Net Income | $342,212 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,789 |
| Total Revenue | $784,068 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,254 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,103 |
| Total operating and administrative expenses | $146,477 |
| Contributions, gifts, grants paid | $397,335 |
| Total expenses and disbursements | $543,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,074 |
| Savings and temporary cash investments | $95,863 |
| 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 | $1,231,495 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,053,988 |
| 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, Young Family Foundation Of Waterloo Iowa has awarded $493,320 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Waterloo, IA PURPOSE: YOUTH PROGRAMS | $110,000 |
CEDAR VALLEY MONARCH PROJECT PURPOSE: WILDLIFE PRESERVATION | $75,000 |
GABLE MUSEUM NT'L WRESTLING PURPOSE: YOUTH PROGRAMS | $75,000 |
Waterloo, IA PURPOSE: YOUTH PROGRAMS | $51,500 |
CITY OF WATERLOO LEISURE SERVICES PURPOSE: YOUTH PROGRAMS | $50,000 |
WATERLOO LEISURE SERVICES PURPOSE: YOUTH PROGRAMS | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |