Young Family Foundation
- Assets
- $4.4m
- Revenue
- $691.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 46-1517432
Organization Overview
Young Family Foundation is located in Bellevue, WA. The organization was established in 2013. 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. 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, Young Family Foundation generated $691.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $316.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Young Family Foundation has awarded 109 individual grants totaling $1,518,500. 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 |
|---|---|---|---|
Gary Young Chair, Treasurer | 0 | $0 | |
Lark Young Secretary | 0 | $0 | |
Joel Young Director | 0 | $0 | |
Brodie Young Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,000 |
| Interest on Savings | $53,867 |
| Dividends & Interest | $38,093 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,208 |
| Capital Gain Net Income | $37,208 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,036 |
| Total Revenue | $691,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $14,594 |
| Taxes | $827 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,828 |
| Total operating and administrative expenses | $38,674 |
| Contributions, gifts, grants paid | $277,500 |
| Total expenses and disbursements | $316,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,646,138 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,473 |
| 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 | $1,770,024 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$2 |
| Total assets | $4,417,633 |
| Accounts payable and accrued expenses | $1,161 |
| 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 | $1,161 |
Grants Awarded
Over the last fiscal year, Young Family Foundation has awarded $277,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
SEATTLE HUMANE SOCIETY PURPOSE: GENERAL PURPOSES | $7,500 |
BELLINGHAM PUBLIC SCHOOLS FOUNDATION PURPOSE: GENERAL PURPOSES | $10,000 |
EASTSIDE BABY CORNER PURPOSE: GENERAL PURPOSES | $10,000 |
CHILDHAVEN PURPOSE: GENERAL PURPOSES | $10,000 |
FARESTART PURPOSE: GENERAL PURPOSES | $10,000 |
FOOD LIFELINE PURPOSE: GENERAL PURPOSES | $25,000 |