Miki F Young Charitable Trust
- Assets
- $10.1m
- Revenue
- $190.2k
- Investments
- $5.0m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- Data as of
- 12/2023
- EIN
- 83-3568197
Organization Overview
Miki F Young Charitable Trust is located in Long Beach, CA. 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. Miki F Young Charitable Trust 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, Miki F Young Charitable Trust generated $190.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (55.5%) each year. All expenses for the organization totaled $761.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Miki F Young Charitable Trust has awarded 19 individual grants totaling $2,250,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Finn Trustee | 2 | $28,781 | |
Steven Eperthener Trustee | 2 | $28,781 | |
William Kruse Trustee | 2 | $28,781 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,706 |
| Dividends & Interest | $173,362 |
| Net Rental Income | $104,821 |
| Net Gain on Sale of Assets | -$176,864 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $190,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $86,343 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,468 |
| Depreciation | $87,179 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,504 |
| Total operating and administrative expenses | $236,337 |
| Contributions, gifts, grants paid | $525,000 |
| Total expenses and disbursements | $761,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,500 |
| Savings and temporary cash investments | $213,023 |
| 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 | $4,916,755 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,976,699 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,129,977 |
| 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 | $18,000 |
| Total liabilities | $18,000 |
Grants Awarded
Over the last fiscal year, Miki F Young Charitable Trust has awarded $525,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: TO PREVENT AND ALLEVIATE HUMAN SUFFERING | $100,000 |
CALIFORNIA INSTITUTE OF TECHNOLOGY PURPOSE: TO SUPPORT THE UNIVERSITY | $100,000 |
INTERNATIONAL PRINTING MUSEUM FOUNDATION PURPOSE: TO SUPPORT BRINGING THE HISTORY OF PRINTING AND BOOKS TO AUDIENCES | $75,000 |
THE LAGUNA PLAYHOUSE PURPOSE: TO SUPPORT LAGUNA PLAYHOUSE | $150,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: TO SUPPORT THE UNIVERSITY | $100,000 |