Nonprofit · EIN 38-2400801
COLEMAN A YOUNG FOUNDATION
Tax-exempt · DETROIT, MI 48221
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $629,142 | $460,205 | $168,937 | $1,327,071 | $57,043 | $1,270,028 |
| December 31, 2023 | 990 | $389,853 | $446,393 | -$56,540 | $1,127,673 | $54,260 | $1,073,413 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $96,407
- Program service revenue
- $282,380
- Investment income
- $130,118
- Net gain from sales of assets
- $99,129
- Net income from fundraising events
- $120,237
- Other revenue
- $120,237
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $175,860
- Salaries, compensation and benefits (total)
- $189,446
- Professional fundraising fees
- $0
- Accounting fees
- $25,581
- Occupancy
- $10,634
- Program services (functional)
- $298,637
- Management and general (functional)
- $104,045
- Fundraising (functional)
- $57,523
Balance sheet and other
- Total assets, start of year
- $1,127,673
- Total assets, end of year
- $1,327,071
- Total liabilities, end of year
- $57,043
- Net assets, end of year
- $1,270,028
- Land, buildings and equipment
- $2,402
- Publicly traded securities
- $1,071,669
- Net assets without donor restrictions
- $697,886
- Net assets with donor restrictions
- $572,142
- Gross receipts
- $629,142
- Employees
- 2
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KHARY TURNER | EXECUTIVE DI Trustee or director, Officer | 40 | $97,554 |
| GEORGE AUBREY | TRUSTEE Trustee or director | – | $0 |
| TIFFANY CURRY | TRUSTEE Trustee or director | – | $0 |
| DEANNA L NAUGLES-JACK | TRUSTEE Trustee or director | – | $0 |
| GARRY CARLEY | VICE PRESID. Trustee or director, Officer | – | $0 |
| ELLIOT HALL | TRUSTEE Trustee or director | – | $0 |
| STEPHEN HENDERSON | TRUSTEE Trustee or director | – | $0 |
| JOHN A JAMES | TRUSTEE Trustee or director | – | $0 |
| JULIETE OKOTIE-EBOH | SECRETARY Trustee or director, Officer | – | $0 |
| VINCENT KRIKWOOD | TRUSTEE Trustee or director | – | $0 |
| LOUIS E JAMES | TRUSTEE Trustee or director | – | $0 |
| MARVIN BEATTY | PRESIDENT Trustee or director, Officer | – | $0 |
| LATRICE MCCLENDON | TRUSTEE Trustee or director | – | $0 |
| KATRINA MCCREE | TRUSTEE Trustee or director | – | $0 |
| CHARLES NOLEN | TRUSTEE Trustee or director | – | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGE A GOFF PHD | TRUSTEE Trustee or director | – | $0 |
| JOHN POLICICCHIO | TRUSTEE Trustee or director | – | $0 |
| KENNETH SHAPIRO | TRUSTEE Trustee or director | – | $0 |
| SHIRLEY STANCATO | TRUSTEE Trustee or director | – | $0 |
| SUE HAMILTON-SMITH | TRUSTEE Trustee or director | – | $0 |
| ADRAIN TONON | TRUSTEE Trustee or director | – | $0 |
| TOYA HANKINS | TRUSTEE Trustee or director | – | $0 |
| W ROLLIN HENDERSON JR | TREASURER Trustee or director, Officer | – | $0 |
| RENEE YANCY | TRUSTEE Trustee or director | – | $0 |
| CARLITO H YOUNG | TRUSTEE Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KHARY TURNER | EXECUTIVE DI Trustee or director, Officer | 40 | $94,670 |
| GEORGE AUBREY | TRUSTEE Trustee or director | – | $0 |
| TIFFANY CURRY | TRUSTEE Trustee or director | – | $0 |
| DEANNA L NAUGLES-JACK | TRUSTEE Trustee or director | – | $0 |
| GARRY CARLEY | VICE PRESID. Trustee or director, Officer | – | $0 |
| ELLIOT HALL | TRUSTEE Trustee or director | – | $0 |
| STEPHEN HENDERSON | TRUSTEE Trustee or director | – | $0 |
| JOHN A JAMES | TRUSTEE Trustee or director | – | $0 |
| JULIETE OKOTIE-EBOH | SECRETARY Trustee or director | – | $0 |
| VINCENT KRIKWOOD | TRUSTEE Trustee or director | – | $0 |
| LOUIS E JAMES | TRUSTEE Trustee or director | – | $0 |
| MARVIN BEATTY | PRESIDENT Trustee or director, Officer | – | $0 |
| LATRICE MCCLENDON | TRUSTEE Trustee or director | – | $0 |
| KATRINA MCCREE | TRUSTEE Trustee or director | – | $0 |
| CHARLES NOLEN | TRUSTEE Trustee or director | – | $0 |
| GEORGE A GOFF PHD | TRUSTEE Trustee or director | – | $0 |
| JOHN POLICICCHIO | TRUSTEE Trustee or director | – | $0 |
| KENNETH SHAPIRO | TRUSTEE Trustee or director | – | $0 |
| SHIRLEY STANCATO | TRUSTEE Trustee or director | – | $0 |
| SUE HAMILTON-SMITH | TRUSTEE Trustee or director | – | $0 |
| ADRAIN TONON | TRUSTEE Trustee or director | – | $0 |
| TOYA HANKINS | TRUSTEE Trustee or director | – | $0 |
| W ROLLIN HENDERSON JR | TREASURER Trustee or director, Officer | – | $0 |
| RENEE YANCY | TRUSTEE Trustee or director | – | $0 |
| CARLITO H YOUNG | TRUSTEE Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 8425 W MCNICHOLS RD STE 248, DETROIT, MI 48221-2546
- Principal officer (990 for 2024)
- KHARY TURNER, 23050 BELVERLY, OAK PARK, MI 48237
- Signed the 990
- KHARY TURNER, EXECUTIVE DIRECTOR
- Phone
- (313) 962-2200
- Website
- WWW.CAYF.ORG
- Return prepared by
- ALAN C YOUNG & ASSOCIATES PC
Mission
TO PROVIDE COLLEGE SCHOLARSHIPS TO HIGH SCHOOL STUDENTS
Program accomplishments
- TO PROVIDE COLLEGE SCHOLARSHIP TO HIGH SCHOOL STUDENTSExpenses $298,637
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 38-2400801
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,327,071
- Income (IRS master file)
- $629,142
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $629,142 | $460,205 | $1,327,071 | XML |
| 990 | December 2023 | $389,853 | $446,393 | $1,127,673 | XML |
| 990 | December 2022 | $70,752 | $529,010 | $1,171,597 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 38-2400801).
Questions about COLEMAN A YOUNG FOUNDATION
- What is the EIN of COLEMAN A YOUNG FOUNDATION?
- The employer identification number (EIN) of COLEMAN A YOUNG FOUNDATION is 38-2400801.
- Is COLEMAN A YOUNG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to COLEMAN A YOUNG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COLEMAN A YOUNG FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COLEMAN A 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 COLEMAN A YOUNG FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COLEMAN A YOUNG FOUNDATION?
- The 990 for the year ended December 31, 2024 names KHARY TURNER.
- Who are the officers and directors of COLEMAN A YOUNG FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 25 people; 1 received compensation from the organization, the highest $97,554 (KHARY TURNER, EXECUTIVE DI).
- How much revenue does COLEMAN A YOUNG FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $629,142, expenses of $460,205 and total assets of $1,327,071 at year end.
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