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← FATHER PETER G YOUNG JR FOUNDATION INC

Form 990 for tax year 2023

Filed by FATHER PETER G YOUNG JR FOUNDATION INC.

Totals

Total revenue
$216,117
Total expenses
$1,237,759
Contributions and grants received
$232,315
Grants paid
$1,147,274
Program service revenue
$0
Investment income
$58,869
Other revenue
-$75,067
Total assets, end of year
$2,098,363
Total liabilities, end of year
$507,432
Net assets or fund balances, end of year
$1,590,931
Program services expenses (Part IX)
$1,147,274
Management and general expenses
$90,485
Fundraising expenses
$0
Program service expenses (Part III)
$1,147,274

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $184,349

  • 1f · All other contributions, gifts and grants

    $47,966

  • 3 · Investment income

    total $39,354 · excluded $39,354

  • 7a · Gross sales of assets other than inventory

    securities $179,336

  • 7b · Less cost or other basis and sales expenses

    securities $159,821

  • 7c · Gain or loss

    securities $19,515

  • 7d · Net gain or loss

    total $19,515 · related or exempt $19,515

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $184,349

  • 8b · Fundraising events: direct expenses

    $75,067

  • 8c · Net income from fundraising events

    total -$75,067 · excluded -$75,067

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,147,274 · program services $1,147,274

  • 11a · Fees: management

    total $69,412 · management and general $69,412

  • 11c · Fees: accounting

    total $3,606 · management and general $3,606

  • 13 · Office expenses

    total $2,928 · management and general $2,928

  • 23 · Insurance

    total $12,238 · management and general $12,238

  • 24a · Other expenses: OTHER EXPENSES

    total $2,301 · management and general $2,301

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,569 · end of year $323,256

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,496 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,513,606 · end of year $1,775,107

  • 15 · Other assets

    beginning of year $873,989 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,720 · end of year $4,192

  • 25 · Other liabilities

    beginning of year $0 · end of year $503,240

  • 27 · Net assets without donor restrictions

    beginning of year $2,409,940 · end of year $1,590,931

Mission and programs · 2023

Mission

THE FATHER PETER G. YOUNG, JR., FOUNDATION, INC. DEVELOPS AND MANAGES RESOURCES TO FUND PROGRAMS AND RESOURCES TO ASSIST AND SPONSOR PROGRAMS IN THE FIELDS OF ALCOHOL AND DRUG REHABILITATION, ALTERNATIVES TO INCARCERATION, AND JOB TRAINING SKILLS THROUGHOUT NEW YORK STATE.

Activities or mission (Part I)

THE FATHER PETER G. YOUNG FOUNDATION, INC. DEVELOPS AND MANAGES RESOURCES TO FUND PROGRAMS AND SERVICES TO ASSIST AND SPONSOR PROGRAMS IN THE FIELDS OF ALCOHOL AND DRUG REHABILITATION, ALTERNATIVES TO INCARCERATION, AND JOB TRAINING SKILLS THROUGHOUT NEW YORK STATE.

  • THE FATHER PETER G. YOUNG, JR., FOUNDATION, INC. DEVELOPS AND MANAGES RESOURCES TO FUND PROGRAMS AND RESOURCES TO ASSIST AND SPONSOR PROGRAMS IN THE FIELDS OF ALCOHOL AND DRUG REHABILITATION, ALTERNATIVES TO INCARCERATION, AND JOB TRAINING SKILLS THROUGHOUT NEW YORK STATE.

    Expenses $1,147,274 · Grants $1,147,274

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Luibrand

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Peter Newkirk

    CEO/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • John Graham

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • William Hennessy

    BOARD MEMEBER

    Total calculated
    $0
    Hours/week
    1

  • Bill Balfe

    VICE PRESIDENT

    Total calculated
    $51,427
    From this org
    $0
    From related orgs
    $51,027
    Other
    $400
    Hours/week
    1

  • Tom Newkirk

    BOARD MEMEBER

    Total calculated
    $0
    Hours/week
    1

  • Donna Langan

    BOARD MEMEBER

    Total calculated
    $0
    Hours/week
    1

  • Kerri Bishop

    CFO

    Total calculated
    $87,695
    From this org
    $0
    From related orgs
    $82,895
    Other
    $4,800
    Hours/week
    2 + 38 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 February 2025
IRS schema version
2023v6.0
Source object
202512269349301536

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