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← FOREVER YOUNG FOUNDATION

Form 990 for tax year 2022

Filed by FOREVER YOUNG FOUNDATION.

Totals

Total revenue
$3,702,573
Total expenses
$3,521,640
Contributions and grants received
$2,214,423
Grants paid
$2,995,719
Program service revenue
$0
Investment income
$121,970
Other revenue
$1,366,180
Total assets, end of year
$7,087,632
Total liabilities, end of year
$66,479
Net assets or fund balances, end of year
$7,021,153
Program services expenses (Part IX)
$3,350,255
Management and general expenses
$128,630
Fundraising expenses
$42,755
Program service expenses (Part III)
$3,350,255

Program services were 95.1% 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

    $2,214,423

  • 1g · Noncash contributions included above

    $214,580

  • 3 · Investment income

    total $121,970 · excluded $121,970

  • 8a · Fundraising events: gross income

    $1,724,400

  • 8b · Fundraising events: direct expenses

    $358,220

  • 8c · Net income from fundraising events

    total $1,366,180 · excluded $1,366,180

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,995,719 · program services $2,995,719

  • 5 · Compensation of officers, directors and key employees

    total $205,000 · program services $164,000 · management and general $30,750 · fundraising $10,250

  • 11b · Fees: legal

    total $27,014 · program services $16,216 · management and general $10,551 · fundraising $247

  • 13 · Office expenses

    total $9,212 · program services $2,036 · management and general $6,958 · fundraising $218

  • 17 · Travel

    total $15,441 · program services $6,712 · management and general $8,535 · fundraising $194

  • 19 · Conferences, conventions and meetings

    total $21,638 · program services $15,819 · management and general $3,989 · fundraising $1,830

  • 23 · Insurance

    total $9,588 · program services $4,800 · management and general $3,588 · fundraising $1,200

  • 24a · Other expenses: LEASED EMPLOYEE EXPENSE

    total $181,649 · program services $123,021 · management and general $35,361 · fundraising $23,267

  • 24b · Other expenses: MARKETING

    total $12,708 · management and general $9,376 · fundraising $3,332

  • 24c · Other expenses: SUPPLIES

    total $10,248 · program services $10,011 · fundraising $237

  • 24d · Other expenses: AUTO EXPENSE

    total $8,780 · program services $292 · management and general $7,669 · fundraising $819

  • 24e · All other expenses

    total $24,643 · program services $11,629 · management and general $11,853 · fundraising $1,161

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,763,806 · end of year $3,292,454

  • 4 · Accounts receivable

    beginning of year $984,316 · end of year $563,665

  • 7 · Other notes and loans receivable

    beginning of year $1,620,905 · end of year $1,609,390

  • 9 · Prepaid expenses and deferred charges

    end of year $90,000

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $631,341 · end of year $1,382,123

  • 15 · Other assets

    beginning of year $150,000 · end of year $150,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,651 · end of year $51,097

  • 25 · Other liabilities

    beginning of year $117,388 · end of year $15,382

  • 29 · Capital stock, trust principal or current funds

    beginning of year $7,026,329 · end of year $7,026,329

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year -$5,176

Mission and programs · 2022

Mission

PASSING ON HOPE AND RESOURCES FOR THE DEVELOPMENT, STRENGTH, AND EDUCATION OF CHILDREN.

  • PROVIDING EDUCATIONAL OPPORTUNITIES FOR CHILDREN IN UNDERSERVED AREAS THROUGH BUILDING SCHOOLS, FUNDING SCHOLARSHIPS, AND MAKING STATE OF THE ART TECHNOLOGY AVAILABLE

    Expenses $516,023 · Grants $461,415

  • BENEFITING CHILDREN SUFFERING FROM MEDICAL CHALLENGES AND DISABILITIES THROUGH PROVIDING HEALING OPPORTUNITIES TO BOTH BODY AND SPIRIT. THIS IS ACCOMPLISHED THROUGH OFFERING PROGRAMMING, BUILDING MUSIC THERAPY CENTERS (SOPHIE'S PLACE) IN HOSPITALS, AND SUPPORTING ORGANIZATIONS FOCUSED ON FINDING CURES FOR CHILDHOOD DISEASES

    Expenses $1,227,074 · Grants $1,097,221

  • SUPPORTING AT-RISK CHILDREN THROUGH THE FUNDING OF MULTIMEDIA TECHNOLOGY CENTERS (FOREVER YOUNG ZONES, 8 TO 80 ZONES), PROVIDING SCHOLARSHIPS TO BEHAVORIAL TREATMENT CENTERS, AND FUNDING COMMUNITY PARTNERS FOCUSED ON IMPROVING OPPORTUNITIES FOR DISADVANTAGED YOUTH

    Expenses $1,454,098 · Grants $1,300,220

  • OTHER PROGRAM ACCOMPLISHMENTS

    Expenses $153,060 · Grants $136,863

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • J Steven Young

    FOUNDER/TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Robert Gay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Edward Bryant Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Richard Lawson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Barbara Young

    VP/TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Gayla Compton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Sterling Tanner

    PRESIDENT

    Total calculated
    $232,000
    From this org
    $205,000
    From related orgs
    $0
    Other
    $27,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,000
    Filer's total
    $232,000
  • Douglas P Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • 8 TO 80 ZONE

    $661,907

    GENERAL OPERATIONS

  • ENGAGE NOW AFRICA

    $392,715

    GENERAL OPERATIONS

  • WASATCH ADAPTIVE SPORTS

    $388,161

    GENERAL OPERATIONS

  • ANASAZI FOUNDATION

    $326,934

    GENERAL OPERATIONS

  • PRIMARY CHILDREN'S FOUNDATION

    $249,401

    GENERAL OPERATIONS

  • SOPHIES PLACE

    $144,876

    GENERAL OPERATIONS

  • FOREVER YOUNG INTL SCHOOL

    $110,540

    GENERAL OPERATIONS

  • FOREVER YOUNG INSTITUTE

    $96,754

    GENERAL OPERATIONS

  • ENSIGN COLLEGE OF PUBLIC HEAL

    $59,352

    GENERAL OPERATIONS

  • BEND NOT BREAK

    $52,000

    GENERAL OPERATIONS

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349311753

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

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