Michael Young Family Foundation
- Assets
- $8.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- El Segundo, CA
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 45-2623056
Organization Overview
Michael Young Family Foundation is located in El Segundo, CA. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Michael Young Family 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 12/2021, Michael Young Family Foundation generated $15.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $37.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
CONTRIBUTIONS TO ORGANZIATIONS IN ACCORDANCE WITH THE CORPORATION'S EXEMPT PURPORSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Young President And Director | 1 | $0 | |
Cristina Barbosa Secretary And Director | 1 | $0 | |
Daniel Lozano Assistant Treasurer And Di | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $15,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $36,950 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,636 |
| Other assets | $0 |
| Total assets | $8,636 |
| Total liabilities | $0 |
| Net assets or fund balances | $8,636 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michael Young Family Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Todd A Williams Fam Foundation Dallas, TX PURPOSE: PUBLIC FOUNDATION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providence Little Company Of Mary Foundation Torrance, CA | $121,035,875 | $18,031,300 |
Cambodian Childrens Fund Santa Monica, CA | $27,120,483 | $15,367,074 |
Xavier College Preparatory High School Palm Desert, CA | $46,603,211 | $9,301,462 |
Vine Street Archive Foundation Beverly Hills, CA | $42,869,625 | $7,457,505 |
Innovate Public Schools San Jose, CA | $9,500,964 | $7,956,314 |
Wadhwani Charitable Foundation Los Altos, CA | $157,667,028 | $40,374,553 |
Action Council Of Monterey County Inc Salinas, CA | $7,887,434 | $8,600,305 |
Napa Valley Vintners Healthy Community Fund St Helena, CA | $32,705,725 | $410,948 |
The Mickelson Foundation Inc La Quinta, CA | $3,360,146 | $7,165,635 |
Gofundme Org Los Altos, CA | $10,664,900 | $15,280,521 |
Opencollective Foundation Walnut, CA | $4,802,160 | $9,335,614 |
Community In Action Ontario, OR | $2,870,959 | $6,588,152 |