Willam C Young Family Foundation
- Assets
- $547.1k
- Revenue
- $107.1k
- Investments
- $534.3k
- Employees
- 0
- Location
- Glastonbury, CT
- Founding
- 11/2015
- Data as of
- 06/2024
- EIN
- 47-3104460
Organization Overview
Willam C Young Family Foundation is located in Glastonbury, CT. The organization was established in 2015. 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. Willam C 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 06/2024, Willam C Young Family Foundation generated $107.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $39.7k during the year ending 06/2024. While expenses have increased by 9.6% 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 2017, Willam C Young Family Foundation has awarded 46 individual grants totaling $168,140. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $142 |
| Dividends & Interest | $14,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,118 |
| Capital Gain Net Income | $92,118 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $107,063 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $184 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $377 |
| Total operating and administrative expenses | $8,212 |
| Contributions, gifts, grants paid | $31,500 |
| Total expenses and disbursements | $39,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,768 |
| Savings and temporary cash investments | $0 |
| 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 | $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 | $534,315 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $547,083 |
| 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, Willam C Young Family Foundation has awarded $31,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BLOCK ISLAND MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $10,000 |
BLUES ON THE BLOCK PURPOSE: GENERAL SUPPORT | $5,000 |
BLOCK ISLAND ARTS COUNCIL PURPOSE: GENERAL SUPPORT | $1,500 |
HARBOR BAPTIST CHURCH PURPOSE: LIGHTENING PROTECTION & NEW STOVE AND SINK | $15,000 |