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Younger Foundation EIN 64-0616731 Form 990 (PDF) Claim this org

Younger Foundation FY2020 filing

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A private foundation based in Marks, MS. It reported about $243K in revenue for 2020. For fiscal year 2020 it reported $243K in revenue, $81K in expenses, and $1.4M in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Marks, MS
Filings
5 on file (2020–2020)
Revenue
$243KFY2020
Expenses
$81K
Net assets
$1.4M
People
0
Filings
5
Updates
0
More identity details & actions ⌄
EIN  64-0616731 Private foundation / grantmaker Marks, MS
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
A private foundation based in Marks, MS. It reported about $243K in revenue for 2020.
Money in and out
$243K revenue, $81K expenses
Bottom line
—
Grants paid & assets · FY2020
Total revenue
$243K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $162K
Total assets
1.4M
deployed as grants and operations
Grants paid
66K
in FY2020
Grants made
35grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 35 grants · $42K · 2024–2024
Marks Presbyterian ChurchMS · FY2024$8,000
Lula Rich Educational FdnFY2024$3,500
Regents School of Oxford INCMS · FY2024$3,000
Quitman Co Educational FdnFY2024$3,000
First Marks Cemetary AssociationFY2024$2,500
St Jude Childrens Reearch HospFY2024$2,000
Care StationFY2024$2,000
Teach for America INCNY · FY2024$1,500
Methodist Flowers ManorFY2024$1,500
Lebonheur Childrens HospitalFY2024$1,500
Wounded Warrior Project INCFL · FY2024$1,000
Univ of Ms MuseumFY2024$1,000
Salvation ArmyFY2024$1,000
MD Anderson in Honor of Jason GraebFY2024$1,000
Graham Carson Memorial Sch FdFY2024$1,000
French Camp AcademyMS · FY2024$1,000
Univ of Ms (ford Ctr for PerformingFY2024$500
The Nature ConservancyVA · FY2024$500
See all 35 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV12
Average grantPart XV$1K
Median grantPart XV$500
Largest grantPart XV$8K
Top cause focusNTEEColleges & Universities (11%)

Summary of the Filing

Part I · fiscal year 2020 · Form 990-PF
Revenue
$243K
FY2020
Expenses
$81K
FY2020
Total assets
$1.4M
FY2020
Total liabilities
$0
FY2020
Total revenue
$243K
Pt VIII · Ln 12
Total expenses
$81K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Total assetsPt II$1.4M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CYounger Foundation
EINHdr · item D64-0616731
Principal addressHdr · item CMarks, MS
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFOct 1978

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Younger Foundation executive salaries →

Statement of Revenue

Part VIII
Investment income$238K · 98%
Contributions & grants$5K · 2%
Investment income98%$238K
Contributions & grants2%$5K
Other revenue$141
Total revenueLn 12$243K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.82 Operating & administrative $0.18
Grants & contributions paid82%$66K
Operating & administrative18%$14K
Total functional expensesLn 25$81K

Balance Sheet

Part X · end of year
CashLn 1$47K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.4M
Months of cash on handcomputed6.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.4M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $243K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $243K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $243K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $243K · Expenses $81K
+67%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
—
Net-asset ratio
Net assets $1.4M · Total assets $1.4M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $81K
No individual compensation reported on this filing
Personnel share
not reported

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$88K revenue · ⤓ 990 PDF
FY2023$46K revenue · ⤓ 990 PDF
FY2022$47K revenue · ⤓ 990 PDF
FY2021$129K revenue · ⤓ 990 PDF
FY2020$243K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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