Robert G Youngs Family Foundation Inc
- Assets
- $278.1k
- Revenue
- $52.8k
- Investments
- $233.8k
- Employees
- 0
- Location
- Stonington, CT
- Founding
- 12/2012
- Data as of
- 12/2021
- EIN
- 45-4866710
Organization Overview
Robert G Youngs Family Foundation Inc is located in Stonington, CT. The organization was established in 2012. 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. Robert G Youngs Family Foundation Inc 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, Robert G Youngs Family Foundation Inc generated $52.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $83.6k during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 7 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, Robert G Youngs Family Foundation Inc has awarded 74 individual grants totaling $348,795. 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 |
|---|---|---|---|
Scott Bates President | 0 | $0 | |
Lisa Tepper-Bates Treasurer | 0 | $10,000 | |
Barbara Bates Vice Preside | 0 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,152 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,622 |
| Capital Gain Net Income | $49,622 |
| Net ST Capital Gain | $44,176 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $699 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,721 |
| Total operating and administrative expenses | $18,020 |
| Contributions, gifts, grants paid | $65,532 |
| Total expenses and disbursements | $83,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,487 |
| Savings and temporary cash investments | $1,821 |
| 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 | $20,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $217,995 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $278,114 |
| 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 | $10,000 |
| Total liabilities | $10,000 |
Grants Awarded
Over the last fiscal year, Robert G Youngs Family Foundation Inc has awarded $65,532 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
NEW ENGLAND SCIENCE & SAILING PURPOSE: GRANT | $5,000 |
DENISON PEQUOTSEPOS NATURE CENTER PURPOSE: GRANT | $10,000 |
EASTERN CT SYMPHNONY ORCHESTRA PURPOSE: GRANT | $1,000 |
HISPANIC ALLIANCE OF NEW LONDON PURPOSE: GRANT | $1,000 |
SECT CULTURAL COLLABORATIVE PURPOSE: GRANT | $3,000 |
FRESH NEW LONDON PURPOSE: GRANT | $532 |