John B And Brownie Young Memorial Fund
- Assets
- $13.9m
- Revenue
- $505.0k
- Investments
- $12.3m
- Employees
- 0
- Location
- Owensboro, KY
- Founding
- 05/1964
- Data as of
- 12/2023
- EIN
- 61-6025137
Organization Overview
John B And Brownie Young Memorial Fund is located in Owensboro, KY. The organization was established in 1964. 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. John B And Brownie Young Memorial Fund 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, John B And Brownie Young Memorial Fund generated $505.0k 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 (3.4%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John B And Brownie Young Memorial Fund has awarded 1,788 individual grants totaling $7,461,040. 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 |
|---|---|---|---|
Independence Bank Trustee | 20 | $75,840 | |
Daviess Co Board Of Education Committee Member | 1 | $2,000 | |
Mclean County Board Of Education Committee Member | 1 | $2,000 | |
Owensboro Board Of Education Committee Member | 1 | $2,000 | |
Owensboro Catholic School Diocese Committee Member | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,260 |
| Interest on Savings | $72,973 |
| Dividends & Interest | $374,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$54,369 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,376 |
| Total Revenue | $505,043 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $83,840 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,016 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,825 |
| Total operating and administrative expenses | $101,341 |
| Contributions, gifts, grants paid | $1,010,347 |
| Total expenses and disbursements | $1,111,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,590,470 |
| 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 | $4,208,056 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,924,618 |
| 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, John B And Brownie Young Memorial Fund has awarded $1,010,347 in support to 750 organizations.
| Grant Recipient | Amount |
|---|---|
DIOCESE OF OWENSBORO PURPOSE: GENERAL | $800 |
OWENSBORO PUBLIC SCHOOLS BOARD OF EDUCATION PURPOSE: GENERAL | $1,600 |
DAVIESS COUNTY BOARD OF EDUCATION PURPOSE: GENERAL | $2,400 |
MCLEAN COUNTY BOARD OF EDUCATION PURPOSE: GENERAL | $1,600 |
MICAH SAGAR PURPOSE: SCHOLARSHIP | $9,165 |
KELTON MOORMAN PURPOSE: SCHOLARSHIP | $5,599 |