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Nonprofiteer
← THE YOUNG LIVING FOUNDATION

Form 990 for tax year 2023

Filed by THE YOUNG LIVING FOUNDATION.

Totals

Total revenue
$4,406,161
Total expenses
$5,144,731
Contributions and grants received
$4,328,740
Grants paid
$4,027,224
Program service revenue
$0
Investment income
$77,421
Other revenue
$0
Total assets, end of year
$7,395,817
Total liabilities, end of year
$55,900
Net assets or fund balances, end of year
$7,339,917
Program services expenses (Part IX)
$4,788,152
Management and general expenses
$274,263
Fundraising expenses
$82,316
Program service expenses (Part III)
$4,788,152

Program services were 93.1% 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.

  • 1d · Related organizations

    $1,309,418

  • 1f · All other contributions, gifts and grants

    $3,019,322

  • 3 · Investment income

    total $63,489 · excluded $63,489

  • 7a · Gross sales of assets other than inventory

    securities $349,761

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

    securities $335,829

  • 7c · Gain or loss

    securities $13,932

  • 7d · Net gain or loss

    total $13,932 · related or exempt $13,932

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,972,562 · program services $1,972,562

  • 3 · Grants to foreign organizations and individuals

    total $2,054,662 · program services $2,054,662

  • 5 · Compensation of officers, directors and key employees

    total $79,773 · program services $59,830 · management and general $15,955 · fundraising $3,988

  • 7 · Other salaries and wages

    total $501,847 · program services $376,386 · management and general $100,369 · fundraising $25,092

  • 9 · Other employee benefits

    total $87,243 · program services $65,433 · management and general $17,448 · fundraising $4,362

  • 10 · Payroll taxes

    total $44,494 · program services $33,369 · management and general $8,899 · fundraising $2,226

  • 11b · Fees: legal

    total $21,536 · management and general $21,536

  • 11c · Fees: accounting

    total $17,050 · management and general $17,050

  • 11g · Fees: other

    total $47,701 · management and general $47,701

  • 12 · Advertising and promotion

    total $44,994 · management and general $7,500 · fundraising $37,494

  • 13 · Office expenses

    total $29,600 · program services $2,904 · management and general $17,798 · fundraising $8,898

  • 14 · Information technology

    total $148,374 · program services $130,577 · management and general $17,797

  • 16 · Occupancy

    total $4,555 · program services $3,416 · management and general $911 · fundraising $228

  • 17 · Travel

    total $65,660 · program services $65,590 · management and general $56 · fundraising $14

  • 19 · Conferences, conventions and meetings

    total $186 · program services $186

  • 23 · Insurance

    total $1,192 · management and general $1,192

  • 24a · Other expenses: Supplies and equipment

    total $23,302 · program services $23,237 · management and general $51 · fundraising $14

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,312,863 · end of year $3,283,891

  • 3 · Pledges and grants receivable

    beginning of year $516,845 · end of year $248,706

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,510 · end of year $2,449

  • 11 · Investments: publicly traded securities

    end of year $3,860,771

  • 18 · Grants payable

    beginning of year $156,088 · end of year $55,900

  • 27 · Net assets without donor restrictions

    beginning of year $5,441,255 · end of year $5,980,200

  • 28 · Net assets with donor restrictions

    beginning of year $2,321,875 · end of year $1,359,717

Mission and programs · 2023

Mission

The organization works to protect and empower the world's young through championing education, developing enterprise, and ending exploitation.

  • The Young Living Foundation supported numerous communities impacted by disasters with its key focus on providing sustainable relief.

    Expenses $51,000 · Grants $51,000

  • The Young Living Foundation partners with other nonprofits to empower the lives of underserved individuals and communities throughout the world. Funds in this category were used to support organizations providing educational opportunities, fighting human trafficking, malaria, and foot-related diseases.

    Expenses $2,164,552 · Grants $2,164,552

  • The Young Living Foundation fully funds and operates a school located in Chongon, Ecuador, in a rural area outside of Guayaquil. The school provides education to approximately 343 students in grades pre-K through the 12th grade. Funding provides everything from school supplies and computers to extracurricular activities and teacher's salaries.

    Expenses $1,811,672 · Grants $1,811,672

  • The Foundation organizes service trips to Cambodia, Uganda, Ecuador, Nepal. Participants traveled to these countries and assisted charities the Foundation has sponsored in these countries.

    Expenses $760,928

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

Listed in Part VII

  • Mary Young

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Kelly Case

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Melissa Bishop

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Danette Goodyear

    Member

    Total calculated
    $0
    Hours/week
    1

  • Jim Goodyear

    Member

    Total calculated
    $0
    Hours/week
    1

  • Ben Riley

    Member

    Total calculated
    $0
    Hours/week
    1

  • Susana Armstrong

    Member

    Total calculated
    $0
    Hours/week
    1

  • Tyler Higginson

    President

    Total calculated
    $0
    Hours/week
    1

  • Crystal Burchfield

    Member

    Total calculated
    $0
    Hours/week
    1

  • Verick Burchfield

    Member

    Total calculated
    $0
    Hours/week
    1

  • Marin Bryce

    Executive Director

    Total calculated
    $79,773
    From this org
    $0
    From related orgs
    $63,819
    Other
    $15,954
    Hours/week
    36

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Young Living Essential Oils LC

    S · Sales · UT

Provenance

Return type
form_990
Tax year
2023
Filed
25 October 2024
IRS schema version
2023v5.1
Source object
202413129349300316

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

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