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Nonprofit · EIN 72-6029365

H & B YOUNG FOUNDATION

Tax-exempt · MORGAN CITY, LA 70381

Financials

$1.9M$2.9M2023$3.6M$3.2M2024
Revenue Expenses · by fiscal year end
Financials of H & B YOUNG FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$3,581,296$3,165,251$416,045$30,266,451$376,605$29,889,846
December 31, 2023990-PF$1,887,204$2,879,139-$991,935$27,945,710$274,421$27,671,289
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$886,717
Interest
$9,454
Net rental income
$1,764,346
Net gain from sales of assets
$906,272
Other income
-$11,293

Expenses

Grants and similar amounts paid
$2,292,439
Compensation of officers, directors and key employees
$227,925
Disbursements for charitable purposes
$2,406,995
Excise tax on investment income
$39,641

Balance sheet and other

Total assets, start of year
$27,945,710
Total assets, end of year
$30,266,451
Total liabilities, end of year
$376,605
Net assets, end of year
$29,889,846
Fair market value of assets
$44,110,025
Qualifying distributions
$2,406,995
Net investment income
$3,556,762

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.

NameTitleHours / weekCompensationOther / benefits
BRENDA B AYO
1708 EAST GARNER DRIVE, MORGAN CITY, LA 70380
PRESIDENT40$90,679$15,745
GWEN E ROSS
1708 EAST GARNER DRIVE, MORGAN CITY, LA 70380
SECRETARY40$50,182$5,983
TIM BETBEZE
909 POYDRAS STREET, SUITE 2300, NEW ORLEANS, LA 70112
DIRECTOR4.25$34,202$0
EMILE A WAGNER III
2036 PALMER AVENUE, NEW ORLEANS, LA 70118
TREASURER4.25$26,612$0
MELISSA PARSIOLA
208 BRIGHTON LANE, BERWICK, LA 70342
VICE PRESIDE4.25$26,250$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensationOther / benefits
BRENDA B AYO
1708 EAST GARNER DRIVE, MORGAN CITY, LA 70380
PRESIDENT40$85,480$14,358
GWEN E ROSS
1708 EAST GARNER DRIVE, MORGAN CITY, LA 70380
SECRETARY40$48,191$5,456
TIM BETBEZE
909 POYDRAS STREET, SUITE 2300, NEW ORLEANS, LA 70112
DIRECTOR4.25$31,223$0
EMILE A WAGNER III
2036 PALMER AVENUE, NEW ORLEANS, LA 70118
TREASURER4.25$26,952$0
MELISSA PARSIOLA
208 BRIGHTON LANE, BERWICK, LA 70342
VICE PRESIDE4.25$26,250$0

Address and contacts

Address (IRS master file)
PO BOX 889, MORGAN CITY, LA 70381-0889
In care of
% BRENDA AYO-BOOKKEEPER 7
Signed the 990-PF
BRENDA B AYO, PRESIDENT
Phone
(985) 385-0812
Return prepared by
DARNALL SIKES & FREDERICK

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
72-6029365
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
1957
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$30,266,451
Income (IRS master file)
$6,285,842

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$3,581,296$3,165,251$30,266,451XML
990-TDecember 2024–––IRS
990-PFDecember 2023$1,887,204$2,879,139$27,945,710XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2019–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 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 72-6029365).

Questions about H & B YOUNG FOUNDATION

What is the EIN of H & B YOUNG FOUNDATION?
The employer identification number (EIN) of H & B YOUNG FOUNDATION is 72-6029365.
Is H & B YOUNG FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
Are donations to H & B YOUNG FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does H & B YOUNG FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of H & B 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 H & B 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 H & B YOUNG FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $90,679 (BRENDA B AYO, PRESIDENT).
How much revenue does H & B YOUNG FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,581,296, expenses of $3,165,251 and total assets of $30,266,451 at year end.

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