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Nonprofiteer
← WILLIAM M YARBROUGH FOUNDATION

Form 990 for tax year 2023

Filed by WILLIAM M YARBROUGH FOUNDATION.

Totals

Total revenue
$3,239,408
Total expenses
$1,289,394
Contributions and grants received
$69,976
Grants paid
$413,002
Program service revenue
$0
Investment income
$2,101,777
Other revenue
$1,067,655
Total assets, end of year
$24,019,370
Total liabilities, end of year
$26,301
Net assets or fund balances, end of year
$23,993,069
Program services expenses (Part IX)
$413,002
Management and general expenses
$876,392
Fundraising expenses
$0
Program service expenses (Part III)
$413,002

Program services were 32.0% 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

    $69,976

  • 3 · Investment income

    total $1,915,777 · excluded $1,915,777

  • 5 · Royalties

    total $1,067,655 · excluded $1,067,655

  • 7a · Gross sales of assets other than inventory

    other assets $186,000

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

    other assets $0

  • 7c · Gain or loss

    other assets $186,000

  • 7d · Net gain or loss

    total $186,000 · excluded $186,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $413,002 · program services $413,002

  • 11b · Fees: legal

    total $85,339 · management and general $85,339

  • 11c · Fees: accounting

    total $3,538 · management and general $3,538

  • 11g · Fees: other

    total $13,607 · management and general $13,607

  • 12 · Advertising and promotion

    total $1,377 · management and general $1,377

  • 13 · Office expenses

    total $1,202 · management and general $1,202

  • 17 · Travel

    total $1,020 · management and general $1,020

  • 24a · Other expenses: FOR SCIENTIFIC RESEARCH

    total $757,075 · management and general $757,075

  • 24b · Other expenses: ADMINISTRATIVE

    total $10,800 · management and general $10,800

  • 24c · Other expenses: BANK SERVICE CHARGE

    total $1,290 · management and general $1,290

  • 24d · Other expenses: MEALS

    total $1,144 · management and general $1,144

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $177,020 · end of year $108,134

  • 7 · Other notes and loans receivable

    beginning of year $21,588,011 · end of year $23,553,826

  • 15 · Other assets

    beginning of year $339,472 · end of year $357,410

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,448 · end of year $26,301

  • 27 · Net assets without donor restrictions

    beginning of year $22,043,055 · end of year $23,993,069

Mission and programs · 2023

Mission

TO SUPPORT ORGANIZATIONS WHICH PROVIDE CARE AND EDUCATION TO CHILDREN, YOUTHS, AND YOUNG ADULTS WHO MAY BE NEGLECTED, ABUSED, ABANDONED; TO ASSIST PREGNANT WOMEN WITH ALTERNATIVES TO ABORTION; TO EDUCATE COMMUNITIES TO BASIC CHRISTIAN TENETS; TO CONDUCT SCIENTIFIC RESEARCH TO DISCOVER TREATMENTS FOR SKIN DISEASES.

  • TO SUPPORT ORGANIZATIONS WHICH PROVIDE CARE AND EDUCATION TO CHILDREN, YOUTHS, AND YOUNG ADULTS WHO MAY BE NEGLECTED, ABUSED, ABANDONED; TO ASSIST PREGNANT WOMEN WITH ALTERNATIVES TO ABORTION; TO EDUCATE COMMUNITIES TO BASIC CHRISTIAN TENETS.

    Expenses $413,002 · Grants $413,002

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

Listed in Part VII

  • Col William M Yarbrough

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Major Heath Sells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Tenconi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Father Frank A Pavone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Wilkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael J Legamaro

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Larry Elisco

    TREASURER

    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

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.

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.

  • ZANFEL LABORATORIES INC

    C · OTC DRUGS · IL

Provenance

Return type
form_990
Tax year
2023
Filed
25 October 2024
IRS schema version
2023v5.1
Source object
202403029349301215

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