The Young Living Foundation
- Assets
- $7.9m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Lehi, UT
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 43-2007854
Organization Overview
The Young Living Foundation is located in Lehi, UT. The organization was established in 2004. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Living 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, Young Living Foundation generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $3.0m during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 8 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 2018, Young Living Foundation has awarded 60 individual grants totaling $12,702,502. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WORKS TO PROTECT AND EMPOWER THE WORLD'S YOUNG THROUGH CHAMPIONING EDUCATION, DEVELOPING ENTERPRISE, AND ENDING EXPLOITATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YOUNG LIVING FOUNDATION SUPPORTED NUMEROUS COMMUNITIES IMPACTED BY DISASTERS WITH ITS KEY FOCUS ON PROVIDING SUSTAINABLE RELIEF. A SIGNIFICANT PROJECT FUNDED IN NEPAL FOCUSES ON REBUILDING AND RESTORING SCHOOLS IMPACTED BY THE 2015 EARTHQUAKES.
THE FOUNDATION ORGANIZES SERVICE TRIPS TO CAMBODIA, UGANDA, ECUADOR, NEPAL. PARTICIPANTS TRAVELED TO THESE COUNTRIES AND ASSISTED CHARITIES THE FOUNDATION HAS SPONSORED IN THESE COUNTRIES.
THE YOUNG LIVING FOUNDATION PARTNERS WITH OTHER NONPROFITS TO EMPOWER THE LIVES OF UNDERSERVED INDIVIDUALS AND COMMUNITIES THROUGHOUT THE WORLD. FUNDS IN THIS CATEGORY WERE USED TO SUPPORT ORGANIZATIONS PROVIDING EDUCATIONAL OPPORTUNITIES, FIGHTING HUMAN TRAFFICKING, MALARIA, AND FOOT- RELATED DISEASES.
THE YOUNG LIVING FOUNDATION FULLY FUNDS AND OPERATES A SCHOOL LOCATED IN CHONGON, ECUADOR, IN A RURAL AREA OUTSIDE OF GUAYAQUIL. THE SCHOOL PROVIDES EDUCATION TO APPROXIMATELY 343 STUDENTS IN GRADES PRE-K THROUGH THE 12TH GRADE. FUNDING PROVIDES EVERYTHING FROM SCHOOL SUPPLIES AND COMPUTERS TO EXTRACURRICULAR ACTIVITIES AND TEACHER'S SALARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Young Chairman | OfficerTrustee | 1 | $0 |
Kelly Case Secretary | OfficerTrustee | 1 | $0 |
Melissa Bishop Treasurer | OfficerTrustee | 1 | $0 |
Danette Goodyear Member | Trustee | 1 | $0 |
Jim Goodyear Member | Trustee | 1 | $0 |
Ben Riley Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,892,017 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,518,465 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,410,482 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,410,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $843,395 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $780,055 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,000 |
| Compensation of current officers, directors, key employees. | $27,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,979 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,397 |
| Payroll taxes | $57,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,319 |
| Fees for services: Accounting | $16,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $248,263 |
| Advertising and promotion | $41,366 |
| Office expenses | $93,301 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,159 |
| Travel | $53,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $965 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,192 |
| All other expenses | $2,458 |
| Total functional expenses | $3,034,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,312,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $516,845 |
| 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 | $89,510 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,919,218 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $156,088 |
| 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 | $156,088 |
| Net assets without donor restrictions | $5,441,255 |
| Net assets with donor restrictions | $2,321,875 |
| 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 | $7,919,218 |
Grants Awarded
Over the last fiscal year, The Young Living Foundation has awarded $825,258 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE FOR JUSTICE PURPOSE: ANTI-HUMAN TRAFFICKI | $30,004 |
FEED MY STARVING CHILDREN INC PURPOSE: SUPPORT ORGANIZATION | $10,424 |
GIVV HUB PURPOSE: EDUCATION | $310,000 |
FOUNDATION ESCALARA PURPOSE: EDUCATION | $52,500 |
ROOTS CHARTER HIGH SCHOOL PURPOSE: EDUCATION | $50,000 |
SEED PROGRAMS INC PURPOSE: SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Prevention Center Aurora, CO | $21,205,877 | $15,325,626 |
Center For Improving Value In Health Care Denver, CO | $8,404,719 | $10,475,904 |
The Young Living Foundation Lehi, UT | $7,919,218 | $5,410,482 |
Clayton Medical Research Foundation Inc Carson City, NV | $77,997,012 | $2,968,221 |
Bateman Horne Center Of Excellence Inc Salt Lake City, UT | $646,829 | $2,098,445 |
W Edwards Deming Institute Boise, ID | $1,357,549 | $1,151,898 |
Tw Mcmath Deondue Tr Las Vegas, NV | $6,924,641 | $224,451 |
Institute On Science For Global Policy Tucson, AZ | $516,634 | $753,260 |
World Research Foundation Sedona, AZ | $242,458 | $184,630 |
Cci Research Foundation Englewood, CO | $76,380 | $400 |
Az Cardiovascular Research Foundation Phoenix, AZ | $154,870 | $156,409 |