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← FEDERATED YOUTH FOUNDATION INC 1810 SOUTH PARK STREET

Form 990 for tax year 2023

Filed by FEDERATED YOUTH FOUNDATION INC 1810 SOUTH PARK STREET.

Totals

Total revenue
$2,167,131
Total expenses
$1,456,352
Contributions and grants received
$1,890,656
Grants paid
$1,363,898
Program service revenue
$0
Investment income
$276,475
Other revenue
$0
Total assets, end of year
$6,757,530
Total liabilities, end of year
$2,956
Net assets or fund balances, end of year
$6,754,574
Program services expenses (Part IX)
$1,363,898
Management and general expenses
$92,454
Fundraising expenses
$0
Program service expenses (Part III)
$1,363,898

Program services were 93.7% 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.

  • 1f · All other contributions, gifts and grants

    $1,890,656

  • 3 · Investment income

    total $163,363 · excluded $163,363

  • 7a · Gross sales of assets other than inventory

    securities $1,603,056

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

    securities $1,489,944

  • 7c · Gain or loss

    securities $113,112

  • 7d · Net gain or loss

    total $113,112 · related or exempt $113,112

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $593,604 · program services $593,604

  • 2 · Grants to domestic individuals

    total $770,294 · program services $770,294

  • 11c · Fees: accounting

    total $20,988 · management and general $20,988

  • 23 · Insurance

    total $2,444 · management and general $2,444

  • 24a · Other expenses: INVESTMENT FIRM FEES

    total $43,101 · management and general $43,101

  • 24b · Other expenses: ADMINISTRATIVE EXPENSES

    total $21,000 · management and general $21,000

  • 24c · Other expenses: OTHER EXPENSE

    total $4,921 · management and general $4,921

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,104 · end of year $10,686

  • 2 · Savings and temporary cash investments

    beginning of year $234,635 · end of year $168,928

  • 7 · Other notes and loans receivable

    beginning of year $5,000 · end of year $5,000

  • 9 · Prepaid expenses and deferred charges

    end of year $1,496

  • 11 · Investments: publicly traded securities

    beginning of year $5,131,935 · end of year $6,571,420

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,804 · end of year $2,956

  • 27 · Net assets without donor restrictions

    beginning of year $22,905 · end of year $25,717

  • 28 · Net assets with donor restrictions

    beginning of year $5,348,965 · end of year $6,728,857

Mission and programs · 2023

Mission

PROVIDE SCHOLARSHIPS TO ELIGIBLE RECIPIENTS.

  • THE ORGANIZATION ACTS AS TRUSTEE IN THE SOLICITATION OF GIFTS GRANTS AND DONATIONS AND TO USE SUCH FUNDS TO MAKE SCHOLARSHIPS TO WORTHY PERSONS IN THE FURTHERANCE OF THEIR EDUCATION OR TO MAKE DONATIONS.

    Expenses $1,363,898 · Grants $1,363,898

  • EDUCATION FUND GRANTS

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

Listed in Part VII

  • DAN SMITH JUNE-AUG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MONICA OBRYCKI NOV-AUG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JEFF LYON SEP-APRIL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • COURTNEY BERNER

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5

  • CAROL BLAKEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • TREVOR CLARK

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    0.5

  • DAVID CRAMER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BARBARA MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ROB RICHARD

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    7

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202443389349300704

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