Nonprofit · EIN 92-2059747
THE FLOYD AND NORMA YOUNG FOUNDATION
Tax-exempt · CHARLOTTE, NC 28217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $11,800 | $49,495 | -$37,695 | $214,806 | – | $214,806 |
| December 31, 2023 | 990 | $252,501 | $0 | $252,501 | $252,501 | $0 | $252,501 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Program service revenue
- $1,450
- Investment income
- $12,320
- Net gain from sales of assets
- -$1,970
Expenses
- Grants and similar amounts paid
- $36,750
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $2,228
- Other expenses
- $10,517
- Program services (functional)
- $27,500
Balance sheet and other
- Total assets, start of year
- $252,501
- Total assets, end of year
- $214,806
- Total liabilities, end of year
- –
- Net assets, end of year
- $214,806
- Cash, savings and investments
- $214,806
- Gross receipts
- $32,379
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH J HAYWOOD | President | 5 | $0 |
| EMERSON HAYWOOD | Vice President | 5 | $0 |
| MARILYN SUTTON- HAYWOOD | Secretary | 5 | $0 |
| NAJLA HAYWOOD | Treasurer | 20 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH J HAYWOOD | President Trustee or director, Officer | 5 | $0 |
| EMERSON HAYWOOD | Vice President Trustee or director, Officer | 5 | $0 |
| MARILYN SUTTON- HAYWOOD | Secretary Trustee or director, Officer | 5 | $0 |
| NAJLA HAYWOOD | Treasurer Trustee or director, Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 2810 COLISEUM CENTRE DRIVE SUITE 11, CHARLOTTE, NC 28217-3252
- In care of
- % NAJLA HAYWOOD
- Signed the 990-EZ
- NAJLA HAYWOOD, Treasurer
- Phone
- (704) 523-6605
- Website
- https://fnyf.org/
- Return prepared by
- KING KING & ASSOCIATES PA
Mission
CHARITABLE AND EDUCATIONAL
Program accomplishments
- The Floyd and Norma Young Foundation was established in 2023 to provide scholarships and financial assistance to students interested in and/ or currently attending Historically Black Colleges and Universities.Expenses $27,500
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-2059747
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $214,806
- Income (IRS master file)
- $32,379
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $11,800 | $49,495 | $214,806 | IRS |
| 990 | December 2023 | $252,501 | $0 | $252,501 | XML |
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 92-2059747).
Questions about THE FLOYD AND NORMA YOUNG FOUNDATION
- What is the EIN of THE FLOYD AND NORMA YOUNG FOUNDATION?
- The employer identification number (EIN) of THE FLOYD AND NORMA YOUNG FOUNDATION is 92-2059747.
- Is THE FLOYD AND NORMA YOUNG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to THE FLOYD AND NORMA YOUNG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE FLOYD AND NORMA YOUNG FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of THE FLOYD AND NORMA 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 THE FLOYD AND NORMA YOUNG FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of THE FLOYD AND NORMA YOUNG FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does THE FLOYD AND NORMA YOUNG FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $11,800, expenses of $49,495 and total assets of $214,806 at year end.
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