Andrew J Young Foundation Inc
- Assets
- $13.8m
- Revenue
- $1.1m
- Investments
- $2.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 58-2591049
Organization Overview
Andrew J Young Foundation Inc is located in Atlanta, GA. The organization was established in 2003. 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. Andrew J Young 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 12/2023, Andrew J Young Foundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANDREW J. YOUNG FOUNDATION CONTINUED TO WORK ON ITS MISSION TO IMPROVE LIFE, HEALTH AND WELL BEING OF HUMANITY THROUGH PROGRAMS AND INITIATIVES CREATED TO ASSIST CHALLENGED COMMUNITIES. HIGH IMPACT SUSTAINABLE SOLUTIONS ARE DIFFICULT TO ACHIEVE IN ONE GENERATION. HOWEVER, THEY NEED TO BE STARTED NOW FOR THE FUTURE GENERATIONS TO BENEFIT FROM THEM. THESE PROJECTS HAVE COME FROM REAL GLOBAL SHORTAGE OF PROTEIN, FLOODING OF THE MISSISSIPPI RIVER AND MARITIME ISSUES OUR COUNTRY FACES TODAY. WE ARE UNDERTAKING THESE PROJECTS TO HELP FEED AND EMPOWER 8.5 BILLION PEOPLE EXPECTED BY 2030. ANDREW J. YOUNG FOUNDATION IS A COMMUNITY BASED 501(C)(3) NON-PROFIT PUBLIC CHARITY THAT HAS BEEN BUILT UPON CIVIL RIGHTS LEADER ANDREW YOUNG'S PHILOSOPHY OF NON-VIOLENT CHANGE AND A BELIEF THAT UNTO WHOM MUCH IS GIVEN, MUCH IS REQUIRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew J Young Chairman | 3 | $0 | |
Carolyn M Young Vice Chair/secretary | 3 | $0 | |
Samuel Bacote Treasurer | 3 | $0 | |
Virginia Floyd Board Member | 3 | $0 | |
Ludwick Hayden Board Member | 3 | $0 | |
Paul Rosser Board Member | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jean Maddox Toungara | 12/30/23 | $73,784 |
Carr Riggs & Ingram Llc | 12/30/23 | $78,250 |
Sylvia P Ashley | 12/30/23 | $55,000 |
Hackworth Media | 12/30/23 | $64,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $931,877 |
| Interest on Savings | $0 |
| Dividends & Interest | $94,122 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,610 |
| Capital Gain Net Income | $3,610 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $160 |
| Other Income | $107,462 |
| Total Revenue | $1,137,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $324,941 |
| Other employee salaries and wages | $157,059 |
| Pension plans, employee benefits | $84,432 |
| Interest | $0 |
| Taxes | $26,521 |
| Depreciation | $2,742 |
| Occupancy | $25,074 |
| Travel, conferences, and meetings | $80,030 |
| Printing and publications | $0 |
| Other expenses | $120,639 |
| Total operating and administrative expenses | $1,494,301 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,494,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,251,085 |
| Savings and temporary cash investments | $1,027,036 |
| 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 | $18,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,628 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $455,609 |
| Net Land, buildings, and equipment | $25,658 |
| Other assets | $8,785,912 |
| Total assets | $13,784,343 |
| Accounts payable and accrued expenses | $187,000 |
| 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 | $72,858 |
| Total liabilities | $259,858 |
Grants Awarded
Over the last fiscal year, Andrew J Young Foundation Inc has awarded $31,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CLARK ATLANTA UNIVERSITY PURPOSE: SCHOLARSHIPS FOR MINORITY STUDENTS | $2,500 |
UNITED NEGRO COLLEGE FUND PURPOSE: SCHOLARSHIPS FOR MINORITY STUDENTS | $25,000 |
CLARK ATLANTA UNIVERSITY PURPOSE: MEAL PLAN FOR STUDENTS IN NEED | $2,000 |
MILES COLLEGE PURPOSE: MEAL PLAN FOR STUDENTS IN NEED | $1,000 |
TUSKEGEE UNIVERSITY PURPOSE: MEAL PLAN FOR STUDENTS IN NEED | $1,000 |