Nonprofit · EIN 20-1819749
THE JIM & BETTY YOUNG FAMILY FOUNDATION
Tax-exempt · CHARLOTTE, NC 28269
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $61,863 | $61,985 | -$122 | $459,584 | $1,000 | $458,584 |
| December 31, 2024 | 990-PF | $59,818 | $55,533 | $4,285 | $459,705 | $1,000 | $458,706 |
| December 31, 2023 | 990-PF | $40,298 | $53,282 | -$12,984 | $455,421 | $1,000 | $454,421 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,030
- Dividends
- $12,447
- Interest
- $7
- Net gain from sales of assets
- $47,379
Expenses
- Grants and similar amounts paid
- $35,000
- Compensation of officers, directors and key employees
- $22,500
- Disbursements for charitable purposes
- $35,000
- Excise tax on investment income
- $173
Balance sheet and other
- Total assets, start of year
- $459,706
- Total assets, end of year
- $459,584
- Total liabilities, end of year
- $1,000
- Net assets, end of year
- $458,584
- Fair market value of assets
- $472,040
- Qualifying distributions
- $35,000
- Net investment income
- $12,454
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LOUIS G YOUNG 713 EAST GREENVILLE STREET, SUITE D PMB 310, ANDERSON, SC 29621 | DIRECTOR | 0 | $3,500 |
| CAROL Y GALLAGHER 14 LAKE CIRCLE DRIVE, GREENVILLE, SC 29609 | COMMUNITY LI | 0 | $3,500 |
| PATRICIA L YOUNG 2702 PROVIDENCE CHURCH ROAD, ANDERSON, SC 29626 | DIRECTOR | 0 | $3,500 |
| JAMES R YOUNG 1541 BRICKELL AVENUE UNIT C 505, MIAMI, FL 33129 | DIRECTOR | 0 | $3,500 |
| J HENRY YOUNG JR 3301 COLVARD PARK WAY, CHARLOTTE, NC 282698644 | TREASURER | 0 | $3,500 |
| BARBARA E YOUNG 22 OLEANDER DRIVE, ANDERSON, SC 29621 | SECRETARY | 0 | $3,500 |
| BETTY H YOUNG 801 MUSGROVE RD UNIT 114, CLINTON, SC 29325 | PRESIDENT | 0 | $1,500 |
990-PF for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LOUIS G YOUNG 713 EAST GREENVILLE STREET, SUITE D PMB 310, ANDERSON, SC 29621 | DIRECTOR | 0 | $2,929 |
| CAROL Y GALLAGHER 14 LAKE CIRCLE DRIVE, GREENVILLE, SC 29609 | COMMUNITY LI | 0 | $2,929 |
| PATRICIA L YOUNG 2702 PROVIDENCE CHURCH ROAD, ANDERSON, SC 29626 | DIRECTOR | 0 | $2,929 |
| JAMES R YOUNG 1541 BRICKELL AVENUE UNIT C 505, MIAMI, FL 33129 | DIRECTOR | 0 | $2,929 |
| BARBARA E YOUNG 22 OLEANDER DRIVE, ANDERSON, SC 29621 | SECRETARY | 0 | $2,929 |
| BETTY H YOUNG 801 MUSGROVE RD UNIT 114, CLINTON, SC 29325 | PRESIDENT | 0 | $2,929 |
| J HENRY YOUNG JR 3301 COLVARD PARK WAY, CHARLOTTE, NC 282698644 | TREASURER | 0 | $2,926 |
990-PF for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LOUIS G YOUNG 713 EAST GREENVILLE STREET, SUITE D PMB 310, ANDERSON, SC 29621 | DIRECTOR | 0 | $2,000 |
| CAROL Y GALLAGHER 14 LAKE CIRCLE DRIVE, GREENVILLE, SC 29609 | COMMUNITY LI | 0 | $2,000 |
| PATRICIA L YOUNG 2702 PROVIDENCE CHURCH ROAD, ANDERSON, SC 29626 | DIRECTOR | 0 | $2,000 |
| JAMES R YOUNG 1541 BRICKELL AVENUE UNIT C 505, MIAMI, FL 33129 | DIRECTOR | 0 | $2,000 |
| J HENRY YOUNG JR 3301 COLVARD PARK WAY, CHARLOTTE, NC 282698644 | TREASURER | 0 | $2,000 |
| BARBARA E YOUNG 22 OLEANDER DRIVE, ANDERSON, SC 29621 | SECRETARY | 0 | $2,000 |
| BETTY H YOUNG 801 MUSGROVE RD UNIT 114, CLINTON, SC 29325 | PRESIDENT | 0 | $2,000 |
Address and contacts
- Address (IRS master file)
- 3301 COLVARD PARK WAY, CHARLOTTE, NC 28269-8644
- In care of
- % BETTY H YOUNG
- Signed the 990-PF
- J HENRY YOUNG JR, TREASURER
- Phone
- (704) 351-1201
- Return prepared by
- FISHER PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-1819749
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $459,584
- Income (IRS master file)
- $153,758
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $61,863 | $61,985 | $459,584 | XML |
| 990-PF | December 2024 | $59,818 | $55,533 | $459,705 | XML |
| 990-PF | December 2023 | $40,298 | $53,282 | $455,421 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1819749).
Questions about THE JIM & BETTY YOUNG FAMILY FOUNDATION
- What is the EIN of THE JIM & BETTY YOUNG FAMILY FOUNDATION?
- The employer identification number (EIN) of THE JIM & BETTY YOUNG FAMILY FOUNDATION is 20-1819749.
- Is THE JIM & BETTY YOUNG FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to THE JIM & BETTY YOUNG FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE JIM & BETTY YOUNG FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE JIM & BETTY YOUNG FAMILY FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE JIM & BETTY YOUNG FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of THE JIM & BETTY YOUNG FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 7 people; 7 received compensation from the organization, the highest $3,500 (LOUIS G YOUNG, DIRECTOR).
- How much revenue does THE JIM & BETTY YOUNG FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $61,863, expenses of $61,985 and total assets of $459,584 at year end.
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