Young Family Foundation Inc

Nonprofit profile at a glance

EIN
874057152
IRS 990-PF coverage
2021–2022
Forms available
Form 990-PF 2022
Location
Buffalo, NY, USA
Phone
7168126009
Rating
89
Verdict
STRONG
Rating confidence
Standard
Sector
Public, Society Benefit N.E.C.

Reported finances

Revenue
$10,000
Expenses
$7,011

Source: IRS Form 990-PF. Selected filing: tax year 2022. Amounts in USD.

Overview

Mission

Public, Society Benefit N.E.C.

What it reported funding in 2022

The foundation reported 3 grants totaling $4,000. The stated grant purposes included scholarship for the graduating senior with the highest gpa in the senior year., bookworm scholarship for graduate who is a voracious reader. hockey - the senior player most dedicated to the sport. girls soccer scholarship given to the team captain, and tuition, materials, athletic equipment as needed to benefit school and students.

Operating model

Revenue model
Donor-supported. 100% of the foundation's positive operating resources came from contributions.
Distribution model
Hybrid. The foundation combined direct charitable work with grants to other organizations or people.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. A relatively small share of spending goes to grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 57
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 76

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 43rd percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 57.1%; rating input score 57; 53rd percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 10.95; rating input score 76; 76th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 76th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2021 to 2022
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Cost Efficiency: Grant expense ratio scored 57/100.