Nonprofit · EIN 86-6050620
YOUNG FOUNDATION
Tax-exempt · TUCSON, AZ 85719
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $18,854 | $18,495 | $359 | $270,101 | $6,452 | $263,649 |
| December 31, 2023 | 990-PF | $10,841 | $19,728 | -$8,887 | $266,618 | $3,328 | $263,290 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $6,978
- Interest
- $18
- Net gain from sales of assets
- $11,858
Expenses
- Grants and similar amounts paid
- $13,363
- Compensation of officers, directors and key employees
- $3,124
- Disbursements for charitable purposes
- $14,925
- Excise tax on investment income
- $212
Balance sheet and other
- Total assets, start of year
- $266,618
- Total assets, end of year
- $270,101
- Total liabilities, end of year
- $6,452
- Net assets, end of year
- $263,649
- Fair market value of assets
- $336,604
- Qualifying distributions
- $14,925
- Net investment income
- $18,854
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William J Young 2325 E Grant Road, Tucson, AZ 85719 | Pres/Director | 1 | $3,124 |
| Samuel H Young 2325 E Grant Road, Tucson, AZ 85719 | Secy/Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William J Young 2325 E Grant Road, Tucson, AZ 85719 | Pres/Director | 1 | $3,318 |
| Samuel H Young 2325 E Grant Road, Tucson, AZ 85719 | Secy/Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2325 E GRANT RD, TUCSON, AZ 85719-3416
- Signed the 990-PF
- William Young, President
- Phone
- (520) 327-6629
- Return prepared by
- Horseshoe Management Company
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 | Not 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
- 86-6050620
- 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
- 1962
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $270,101
- Income (IRS master file)
- $28,279
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $18,854 | $18,495 | $270,101 | IRS |
| 990-PF | December 2023 | $10,841 | $19,728 | $266,618 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | 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 86-6050620).
Questions about YOUNG FOUNDATION
- What is the EIN of YOUNG FOUNDATION?
- The employer identification number (EIN) of YOUNG FOUNDATION is 86-6050620.
- Is YOUNG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1962.
- Are donations to YOUNG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does YOUNG FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of YOUNG FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did YOUNG FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of YOUNG FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $3,124 (William J Young, Pres/Director).
- How much revenue does YOUNG FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $18,854, expenses of $18,495 and total assets of $270,101 at year end.
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