Nonprofit · EIN 61-6175836
MARILYN AND WILLIAM YOUNG CHARITABLE FOUNDATION INC
Tax-exempt · OWENSBORO, KY 42302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,010,616 | $702,214 | $308,402 | $11,257,215 | $82 | $11,257,133 |
| December 31, 2024 | 990-PF | $813,181 | $776,369 | $36,812 | $10,948,835 | $104 | $10,948,731 |
| December 31, 2023 | 990-PF | $759,890 | $822,800 | -$62,910 | $10,912,076 | $157 | $10,911,919 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $251,018
- Interest
- $110,169
- Net gain from sales of assets
- $649,052
Expenses
- Grants and similar amounts paid
- $450,014
- Compensation of officers, directors and key employees
- $105,534
- Disbursements for charitable purposes
- $626,156
- Excise tax on investment income
- $12,985
Balance sheet and other
- Total assets, start of year
- $10,948,835
- Total assets, end of year
- $11,257,215
- Total liabilities, end of year
- $82
- Net assets, end of year
- $11,257,133
- Fair market value of assets
- $17,942,272
- Qualifying distributions
- $626,156
- Net investment income
- $1,010,239
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 | Other / benefits |
|---|---|---|---|---|
| SARA HEMINGWAY P O BOX 825 200 EAST THIRD ST, OWENSBORO, KY 42302 | DIRECTOR - SECRETARY | 40 | $105,534 | $6,024 |
| MADISON C SILVERT 717 FREDERICA STREET, OWENSBORO, KY 42301 | DIRECTOR CHAIR | 3 | $0 | $0 |
| CAROL BOTHWELL 608 ALEXANDRIA, OWENSBORO, KY 42303 | TREASURER | 3 | $0 | $0 |
| DAVID KIRK 1 CLUB GROUNDS DRIVE, OWENSBORO, KY 42303 | DIRECTOR | 3 | $0 | $0 |
| KAITLYN CUNNINGHAM 2248 GRIFFITH AVENUE, OWENSBORO, KY 42301 | VICE-CHAIR | 3 | $0 | $0 |
| JEFF EBELHAR 1500 GRIFFITH AVENUE, OWENSBORO, KY 42301 | DIRECTOR VICE-CHAIR | 3 | $0 | $0 |
| MARIANNE SMITH EDGE 516 FORD AVENUE, OWENSBORO, KY 42301 | DIRECTOR | 3 | $0 | $0 |
| CHAD BENEFIELD 3301 FREDERICA STREET, OWENSBORO, KY 42301 | DIRECTOR | 3 | $0 | $0 |
990-PF for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARA HEMINGWAY P O BOX 825 200 EAST THIRD ST, OWENSBORO, KY 42302 | DIRECTOR - SECRETARY | 40 | $102,960 | $5,844 |
| CAROL BOTHWELL 608 ALEXANDRIA, OWENSBORO, KY 42303 | DIRECTOR CHAIR | 3 | $0 | $0 |
| DIANE M FORD 1919 SUSSEX PLACE, OWENSBORO, KY 42301 | DIRECTOR | 3 | $0 | $0 |
| DAVID KIRK 1 CLUB GROUNDS DRIVE, OWENSBORO, KY 42303 | DIRECTOR | 3 | $0 | $0 |
| KAITLYN CUNNINGHAM 2248 GRIFFITH AVENUE, OWENSBORO, KY 42301 | DIRECTOR - TREASURER | 3 | $0 | $0 |
| MADISON C SILVERT 920 FREDERICA STREET, OWENSBORO, KY 42301 | DIRECTOR VICE-CHAIR | 3 | $0 | $0 |
| DAVID W TANDY 3500 PNC TOWER 101 SOUTH FIFTH, STREET, LOUISVILLE, KY 40202 | DIRECTOR | 3 | $0 | $0 |
| CHAD BENEFIELD 3301 FREDERICA STREET, OWENSBORO, KY 42301 | DIRECTOR | 3 | $0 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARA HEMINGWAY P O BOX 825 200 EAST THIRD ST, OWENSBORO, KY 42302 | DIRECTOR - SECRETARY | 40 | $102,960 | $3,785 |
| E PHILLIPS MALONE 1801 LITTLEWOOD DRIVE, OWENSBORO, KY 42301 | DIRECTOR | 3 | $0 | $0 |
| CAROL BOTHWELL 608 ALEXANDRIA, OWENSBORO, KY 42303 | DIRECTOR CHAIR | 3 | $0 | $0 |
| DIANE M FORD 1919 SUSSEX PLACE, OWENSBORO, KY 42301 | DIRECTOR | 3 | $0 | $0 |
| DAVID KIRK 1 CLUB GROUNDS DRIVE, OWENSBORO, KY 42303 | DIRECTOR | 3 | $0 | $0 |
| KAITLYN CUNNINGHAM 2248 GRIFFITH AVENUE, OWENSBORO, KY 42301 | DIRECTOR - TREASURER | 3 | $0 | $0 |
| MADISON C SILVERT 920 FREDERICA STREET, OWENSBORO, KY 42301 | DIRECTOR VICE-CHAIR | 3 | $0 | $0 |
| DAVID W TANDY 3500 PNC TOWER 101 SOUTH FIFTH, STREET, LOUISVILLE, KY 40202 | DIRECTOR | 3 | $0 | $0 |
| CHAD BENEFIELD 3301 FREDERICA STREET, OWENSBORO, KY 42301 | DIRECTOR | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 825, OWENSBORO, KY 42302-0825
- In care of
- % SARA HEMINGWAY EX DI
- Signed the 990-PF
- CAROL BOTHWELL, TREASURER
- Phone
- (270) 663-1043
- Website
- MWYOUNGFOUNDATION.ORG
- Return prepared by
- ALEXANDER AND COMPANY PSC
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
- 61-6175836
- 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
- 1990
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $11,257,215
- Income (IRS master file)
- $2,877,260
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,010,616 | $702,214 | $11,257,215 | XML |
| 990-PF | December 2024 | $813,181 | $776,369 | $10,948,835 | XML |
| 990-PF | December 2023 | $759,890 | $822,800 | $10,912,076 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 61-6175836).
Questions about MARILYN AND WILLIAM YOUNG CHARITABLE FOUNDATION INC
- What is the EIN of MARILYN AND WILLIAM YOUNG CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of MARILYN AND WILLIAM YOUNG CHARITABLE FOUNDATION INC is 61-6175836.
- Is MARILYN AND WILLIAM YOUNG CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to MARILYN AND WILLIAM YOUNG CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARILYN AND WILLIAM YOUNG CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARILYN AND WILLIAM YOUNG CHARITABLE FOUNDATION INC 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 MARILYN AND WILLIAM YOUNG CHARITABLE FOUNDATION INC 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 MARILYN AND WILLIAM YOUNG CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $105,534 (SARA HEMINGWAY, DIRECTOR - SECRETARY).
- How much revenue does MARILYN AND WILLIAM YOUNG CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,010,616, expenses of $702,214 and total assets of $11,257,215 at year end.
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