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Nonprofiteer
← COLEMAN A YOUNG FOUNDATION

Form 990 for tax year 2024

Filed by COLEMAN A YOUNG FOUNDATION.

Totals

Total revenue
$629,142
Total expenses
$460,205
Contributions and grants received
$96,407
Grants paid
$0
Program service revenue
$282,380
Investment income
$130,118
Other revenue
$120,237
Total assets, end of year
$1,327,071
Total liabilities, end of year
$57,043
Net assets or fund balances, end of year
$1,270,028
Program services expenses (Part IX)
$298,637
Management and general expenses
$104,045
Fundraising expenses
$57,523
Program service expenses (Part III)
$298,637

Program services were 64.9% 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.

  • 1f · All other contributions, gifts and grants

    $96,407

  • 2a · Program service revenue: COLEMAN YOUNG STATUE PROJECT

    total $250,510 · related or exempt $250,510

  • 2b · Program service revenue: CONCERT SALES

    total $31,870 · related or exempt $31,870

  • 3 · Investment income

    total $30,989 · related or exempt $1 · excluded $30,988

  • 7a · Gross sales of assets other than inventory

    other assets $99,129

  • 7c · Gain or loss

    other assets $99,129

  • 7d · Net gain or loss

    total $99,129 · related or exempt $99,129

  • 8a · Fundraising events: gross income

    $120,237

  • 8c · Net income from fundraising events

    total $120,237

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $175,860 · program services $175,860

  • 10 · Payroll taxes

    total $13,586 · program services $65 · management and general $13,521

  • 11c · Fees: accounting

    total $25,581 · program services $3,930 · management and general $21,651

  • 11f · Fees: investment management

    total $15,973 · program services $15,973

  • 11g · Fees: other

    total $3,207 · management and general $3,207

  • 13 · Office expenses

    total $4,746 · program services $142 · management and general $4,501 · fundraising $103

  • 16 · Occupancy

    total $10,634 · management and general $10,634

  • 19 · Conferences, conventions and meetings

    total $1,453 · management and general $1,453

  • 20 · Interest

    total $8,152 · management and general $8,152

  • 23 · Insurance

    total $25,433 · management and general $25,433

  • 24a · Other expenses: SCHOLARSHIPS

    total $59,327 · program services $59,327

  • 24b · Other expenses: FUND RAISING EXPENSE

    total $51,367 · management and general $205 · fundraising $51,162

  • 24c · Other expenses: REAL SKILLS PROGRAM

    total $42,954 · program services $34,579 · management and general $8,375

  • 24d · Other expenses: ANNUAL AWARDS EXPENSES

    total $6,100 · fundraising $6,100

  • 24e · All other expenses

    total $15,832 · program services $8,761 · management and general $6,913 · fundraising $158

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,810 · end of year $253,000

  • 10a · Land, buildings and equipment: cost or other basis

    $25,632

  • 10b · Land, buildings and equipment: accumulated depreciation

    $23,230

  • 10c · Land, buildings and equipment, net

    end of year $2,402

  • 11 · Investments: publicly traded securities

    beginning of year $1,116,863 · end of year $1,071,669

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,136 · end of year $16,518

  • 25 · Other liabilities

    beginning of year $44,124 · end of year $40,525

  • 27 · Net assets without donor restrictions

    beginning of year $779,980 · end of year $697,886

  • 28 · Net assets with donor restrictions

    beginning of year $293,433 · end of year $572,142

Mission and programs · 2024

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS

  • TO PROVIDE COLLEGE SCHOLARSHIP TO HIGH SCHOOL STUDENTS

    Expenses $298,637

As filed on the 2024 return.

Listed in Part VII

  • KHARY TURNER

    EXECUTIVE DI

    Total calculated
    $97,554
    From this org
    $97,554
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • GEORGE AUBREY

    TRUSTEE

    Total calculated
    $0
  • TIFFANY CURRY

    TRUSTEE

    Total calculated
    $0
  • DEANNA L NAUGLES-JACK

    TRUSTEE

    Total calculated
    $0
  • GARRY CARLEY

    VICE PRESID.

    Total calculated
    $0
  • ELLIOT HALL

    TRUSTEE

    Total calculated
    $0
  • STEPHEN HENDERSON

    TRUSTEE

    Total calculated
    $0
  • JOHN A JAMES

    TRUSTEE

    Total calculated
    $0
  • JULIETE OKOTIE-EBOH

    SECRETARY

    Total calculated
    $0
  • VINCENT KRIKWOOD

    TRUSTEE

    Total calculated
    $0
  • LOUIS E JAMES

    TRUSTEE

    Total calculated
    $0
  • MARVIN BEATTY

    PRESIDENT

    Total calculated
    $0
  • LATRICE MCCLENDON

    TRUSTEE

    Total calculated
    $0
  • KATRINA MCCREE

    TRUSTEE

    Total calculated
    $0
  • CHARLES NOLEN

    TRUSTEE

    Total calculated
    $0
  • GEORGE A GOFF PHD

    TRUSTEE

    Total calculated
    $0
  • JOHN POLICICCHIO

    TRUSTEE

    Total calculated
    $0
  • KENNETH SHAPIRO

    TRUSTEE

    Total calculated
    $0
  • SHIRLEY STANCATO

    TRUSTEE

    Total calculated
    $0
  • SUE HAMILTON-SMITH

    TRUSTEE

    Total calculated
    $0
  • ADRAIN TONON

    TRUSTEE

    Total calculated
    $0
  • TOYA HANKINS

    TRUSTEE

    Total calculated
    $0
  • W ROLLIN HENDERSON JR

    TREASURER

    Total calculated
    $0
  • RENEE YANCY

    TRUSTEE

    Total calculated
    $0
  • CARLITO H YOUNG

    TRUSTEE

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.0
Source object
202503219349318140

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