Skip to content
Nonprofiteer
← FOUNDATION FOR YOUTH INC

Form 990 for tax year 2023

Filed by FOUNDATION FOR YOUTH INC.

Totals

Total revenue
$117,780
Total expenses
$812,069
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$117,780
Other revenue
$0
Total assets, end of year
$19,071,247
Total liabilities, end of year
$17,218,734
Net assets or fund balances, end of year
$1,852,513
Program services expenses (Part IX)
$0
Management and general expenses
$812,069
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $332,125 · excluded $332,125

  • 7a · Gross sales of assets other than inventory

    securities $6,262,976

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

    securities $6,477,321

  • 7c · Gain or loss

    securities -$214,345

  • 7d · Net gain or loss

    total -$214,345 · excluded -$214,345

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $109,364 · management and general $109,364

  • 20 · Interest

    total $702,705 · management and general $702,705

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $112,688 · end of year $338,870

  • 12 · Investments: other securities

    beginning of year $16,213,349 · end of year $18,667,186

  • 15 · Other assets

    beginning of year $40,978 · end of year $65,191

  • 25 · Other liabilities

    beginning of year $16,353,823 · end of year $17,218,734

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $13,192 · end of year $1,852,513

Listed in Part VII

  • JOHN C HALVERSON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • MARC D FINE

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • JOE MEYER

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • JOSEPH T THEBY III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RON RYAN

    EX-OFFICIO NON-VOTING BD M

    Total calculated
    $214,997
    From this org
    $0
    From related orgs
    $195,418
    Other
    $19,579
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $195,418 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,579 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $214,997 related

  • DANIEL HERMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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 · 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

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE DIRECTORS SALARY IS APPROVED BY THE BOARD OF DIRECTORS ON A YEARLY BASIS.

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

No itemized grants to organizations 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
19 September 2024
IRS schema version
2023v5.1
Source object
202402709349300700

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

The source document this was parsed from is served over the API, which is where bulk and document access live.