Jim And Shirley Young Family Foundation
- Assets
- $15.8m
- Revenue
- $213.6k
- Investments
- $15.5m
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 10/2012
- Data as of
- 12/2022
- EIN
- 45-4775983
Organization Overview
Jim And Shirley Young Family Foundation is located in Garden City, NY. The organization was established in 2012. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jim And Shirley 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 12/2022, Jim And Shirley Young Family Foundation generated $213.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jim And Shirley Young Family Foundation has awarded 206 individual grants totaling $5,841,832. 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 |
|---|---|---|---|
Sarah Wagstaff Dir / Treas | 1 | $0 | |
Matt Young Dir / Sec | 1 | $0 | |
Shirley A Young Pres / Dir / Sec / Treasurer | 1 | $0 | |
James Young Jr Vp/asst Treasurer/asst Sec/dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/15 | $63,020 |
Morgan Stanley Smith Barney Llc | 12/30/15 | $111,979 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $204,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,615 |
| Capital Gain Net Income | $9,615 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $213,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,624 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $104,036 |
| Contributions, gifts, grants paid | $1,077,500 |
| Total expenses and disbursements | $1,181,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $326,438 |
| Net Accounts receivable | $535 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,802,875 |
| 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, Jim And Shirley Young Family Foundation has awarded $1,077,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
A TIME TO HEAL PURPOSE: GENERAL PURPOSE | $5,000 |
ABIDE NETWORK INC PURPOSE: GENERAL PURPOSE | $50,000 |
ANGELS AMONG US PURPOSE: GENERAL PURPOSE | $20,000 |
COMMUNITY ALLIANCE INC PURPOSE: GENERAL PURPOSE | $5,000 |
FOODBANK FOR THE HEARTLAND PURPOSE: GENERAL PURPOSE | $10,000 |
HOPE CENTER INC PURPOSE: GENERAL PURPOSE | $20,000 |