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Foundation For Youth Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351978688 ✦ Evansville, IN ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For Youth Inc?

Foundation For Youth Inc, based in Evansville, Indiana, serves as a crucial intermediary for the Boys and Girls Club of Evansville, Inc. With a primary focus on educational, scientific, and charitable purposes, this nonprofit organization is dedicated to bettering the community. They receive funds and subsequently distribute them to eligible organizations, contributing to the overall welfare of the public. In essence, the Foundation For Youth Inc acts as a philanthropic bridge, channeling resources to organizations that align with their mission.

Is Foundation For Youth Inc legitimate?

Foundation For Youth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Youth Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Foundation For Youth Inc?

The Foundation For Youth Inc's mission involves receiving, administering, and distributing funds for educational, scientific, and charitable purposes, all aimed at benefiting the public. Their goal is to enhance public welfare by making donations to organizations that align with these objectives. Specifically, they are currently involved in supporting the Boys and Girls Club of Evansville, Inc. through the administration and distribution of funds.

Who is the CEO of Foundation For Youth Inc?

John Halverson is the President of Foundation For Youth Inc.

What is the revenue of Foundation For Youth Inc?

Foundation For Youth Inc's revenue in 2022 was $186,918.

Who are the executives of Foundation For Youth Inc and what are their salaries?


Here are 6 key members and their salaries:


John C Halverson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc D Fine (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Meyer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph T Theby Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Ryan (Ex-Officio Non-Voting Bd M)
  • Compensation: $0
  • Related: $176,951
  • Other: $14,608
Daniel Hermann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Foundation For Youth Inc?

Foundation For Youth Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Foundation For Youth Inc

The Foundation For Youth Inc, as per its mission, is dedicated to collecting and managing funds for educational, scientific, and charitable purposes, ultimately benefiting the public's welfare. The organization's role is to distribute these funds to organizations that align with these objectives. In essence, the Foundation For Youth Inc serves as a conduit, channeling financial support to advance various beneficial causes. One of its notable commitments is supporting the Boys and Girls Club of Evansville, Inc., indicating a focus on youth development and community betterment.

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Impact




October, 2024

Foundation For Youth Inc makes a significant impact by providing essential funding to support educational, scientific, and charitable initiatives that enhance the welfare of the community. Through its administration and distribution of funds, it plays a critical role in empowering organizations like the Boys and Girls Club of Evansville, Indiana. This support fosters youth development, ensuring that young people have access to programs and resources that promote their growth, education, and overall well-being. By focusing on the needs of the public and collaborating with local organizations, Foundation For Youth Inc contributes to building a stronger, more vibrant community for all.




This information is meant to be a general summary of Foundation For Youth Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$186,918 (2022)
Expenses
$646,484 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $186,918
  • Gross Receipts: $3,501,959

Assets and Liabilities:

  • Total Assets: $16,367,015
  • Total Liabilities: $16,353,823
  • Net Assets: $13,192

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Organization Details

Founding Year

1995

Principal Officer

John Halverson

Main Address

PO BOX 6311, EVANSVILLE, IN, 47719

NTEE Category

Code: O23I - Youth development

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