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Nonprofiteer
← YHB CHARITABLE ENDOWMENT INC

Form 990 for tax year 2023

Filed by YHB CHARITABLE ENDOWMENT INC.

Totals

Total revenue
$5,445,152
Total expenses
$2,126,205
Contributions and grants received
$2,149,848
Grants paid
$2,046,501
Program service revenue
$0
Investment income
$3,295,304
Other revenue
$0
Total assets, end of year
$25,008,128
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$25,008,128
Program services expenses (Part IX)
$2,126,205
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$2,126,205

Program services were 100.0% 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

    $2,149,848

  • 3 · Investment income

    total $514,907 · excluded $514,907

  • 7a · Gross sales of assets other than inventory

    securities $6,171,894

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

    securities $3,391,497

  • 7c · Gain or loss

    securities $2,780,397

  • 7d · Net gain or loss

    total $2,780,397 · excluded $2,780,397

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,046,501 · program services $2,046,501

  • 11f · Fees: investment management

    total $79,704 · program services $79,704

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $21,606,319 · end of year $25,008,128

  • 28 · Net assets with donor restrictions

    beginning of year $21,606,319 · end of year $25,008,128

Mission and programs · 2023

Mission

YHB CHARITABLE ENDOWMENT WAS FORMED TO SERVE THE CHARITABLE INTERESTS OF ITS DONORS BY OFFERING INDIVIDUAL DONOR ADVISED FUNDS. SUCH FUNDS OFFER SIMPLICITY AND FLEXIBILITY AS TO THE TIMING, AMOUNTS AND BENEFICIARIES OF CHARITABLE DONATIONS. DONORS HAVE INPUT AS TO HOW FUND DOLLARS ARE INVESTED OR, WITH LARGER ACCOUNTS, CAN ACCESS PERSONAL ASSET MANAGEMENT FOR THEIR FUND. DONORS CAN CREATE A LEGACY OF GIVING TO PERPETUATE FAMILY VALUES OR TO HONOR THE MEMORY OF A LOVED ONE.

Activities or mission (Part I)

YHB CHARITABLE ENDOWMENT WAS FORMED TO SERVE THE CHARITABLE INTERESTS OF ITS DONORS BY OFFERING INDIVIDUAL DONOR ADVISED FUNDS. SUCH FUNDS OFFER SIMPLICITY AND FLEXIBILITY AS TO THE TIMING, AMOUNTS AND BENEFICIARIES OF CHARITABLE DONATIONS. DONORS HAVE INPUT AS TO HOW FUND DOLLARS ARE INVESTED OR, WITH LARGER ACCOUNTS, CAN ACCESS PERSONAL ASSET MANAGMENT FOR THEIR FUND. DONORS CAN CREATE A LEGACY OF GIVING TO PERPETUATE FAMILY VALUES OR TO HONOR THE MEMORY OF A LOVED ONE.

  • MANAGE A PORTFOLIO OF PHILANTHROPIC FUNDS TO INCREASE THE AMOUNT OF CHARITABLE FUNDING AVAILABLE TO NON-PROFITS AND ASSIST DONORS WITH THEIR PHILANTHROPIC GOALS.

    Expenses $2,126,205 · Grants $2,046,501

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

Listed in Part VII

  • Paul R Martel

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mark W Everette

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dr Howard Mark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brenda Sullivan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • YHB INVESTMENT ADVISORS INC

    N/A · INVESTMENT MANAGEMENT · CT

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2024
IRS schema version
2023v5.1
Source object
202432369349300903

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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