Young Family Foundation
- Assets
- $2.0m
- Revenue
- $64.3k
- Investments
- $1.7m
- Employees
- 0
- Location
- Ganado, TX
- Founding
- 12/2001
- Data as of
- 09/2023
- EIN
- 74-2979295
Organization Overview
Young Family Foundation is located in Ganado, TX. The organization was established in 2001. 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 09/2023, Young Family Foundation generated $64.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.3%) each year. All expenses for the organization totaled $124.7k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Young Family Foundation has awarded 221 individual grants totaling $574,900. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO 25 GRADUATES OF GANADO, LOUISE, TIDEHAVEN, AND EL CAMPO HIGH SCHOOLS WHO ARE ATTENDING A TEXAS COLLEGE OR UNIVERSITY.
PROVIDED GRANTS TO VARIOUS CHARITIES IN SOUTHEAST TEXAS FOR RELIGIOUS, EDUCATIONAL, CHARITABLE, SCIENTIFIC, AND LITERARY PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Kacer President | 0 | $0 | |
Rusell Kacer Vice President | 0 | $0 | |
Roy Young Secretary | 0 | $0 | |
Kirby Kacer Treasurer | 0 | $0 | |
Debra Taska Director | 0 | $0 | |
Barbara Larson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,180 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,850 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,330 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $728 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $230 |
| Total operating and administrative expenses | $19,741 |
| Contributions, gifts, grants paid | $105,000 |
| Total expenses and disbursements | $124,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,865 |
| 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 | $2,772 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,958,491 |
| 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, Young Family Foundation has awarded $105,000 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
PEYTON GREEN PURPOSE: SCHOLARSHIP - TEXAS A&M UNIVERSITY | $2,000 |
MADISON SHELTON PURPOSE: SCHOLARSHIP - TEXAS A&M UNIVERSITY | $2,000 |
DARRELL CIHAL PURPOSE: SCHOLARSHIP - SAM HOUSTON STATE UNIVERSITY | $4,000 |
BRIDGET DOROTIK PURPOSE: SCHOLARSHIP - TEXAS A&M UNIVERSITY | $2,000 |
SHEYENNE HENDRIX PURPOSE: SCHOLARSHIP - MCLENNAN COMMUNITY COLLEGE | $1,000 |
ANDRE VILLEGAS PURPOSE: SCHOLARSHIP - TEXAS LUTHERAN UNIVERSITY | $4,000 |