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Nonprofit · EIN 87-0509354

FOREVER YOUNG FOUNDATION

Tax-exempt · BOUNTIFUL, UT 84010

Financials

$3.9M$3.5M2023$3.8M$2.8M2024
Revenue Expenses · by fiscal year end
Financials of FOREVER YOUNG FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$3,755,454$2,770,396$985,058$8,741,200$141,168$8,600,032
December 31, 2023990$3,896,121$3,539,581$356,540$7,641,494$115,256$7,526,238
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,094,530
Program service revenue
$0
Investment income
$227,349
Net income from fundraising events
$1,433,575
Other revenue
$1,433,575

Expenses

Grants and similar amounts paid
$2,162,312
Compensation of officers, directors and key employees
$239,971
Salaries, compensation and benefits (total)
$239,971
Professional fundraising fees
$0
Accounting fees
$29,025
Travel
$20,080
Program services (functional)
$2,541,754
Management and general (functional)
$165,021
Fundraising (functional)
$63,621

Balance sheet and other

Total assets, start of year
$7,641,494
Total assets, end of year
$8,741,200
Total liabilities, end of year
$141,168
Net assets, end of year
$8,600,032
Publicly traded securities
$1,741,504
Gross receipts
$4,315,761
Employees
2
Volunteers
108
Year formed
1993
State of legal domicile
AZ

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.

NameTitleHours / weekCompensation
STERLING TANNERPRESIDENT
Officer
40$239,971
J STEVEN YOUNGFOUNDER/TRUSTEE
Trustee or director
0$0
ROBERT GAYTRUSTEE
Trustee or director
0$0
EDWARD BRYANT JRTRUSTEE
Trustee or director
0$0
RICHARD LAWSONTRUSTEE
Trustee or director
0$0
BARBARA YOUNGVP/TRUSTEE
Trustee or director, Officer
0$0
GAYLA COMPTONTRUSTEE
Trustee or director
0$0
DOUGLAS P SMITHSECRETARY
Officer
0$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
STERLING TANNERPRESIDENT
Officer
40$191,350$27,000
J STEVEN YOUNGFOUNDER/TRUSTEE
Trustee or director
0$0$0
ROBERT GAYTRUSTEE
Trustee or director
0$0$0
EDWARD BRYANT JRTRUSTEE
Trustee or director
0$0$0
RICHARD LAWSONTRUSTEE
Trustee or director
0$0$0
BARBARA YOUNGVP/TRUSTEE
Trustee or director, Officer
0$0$0
GAYLA COMPTONTRUSTEE
Trustee or director
0$0$0
DOUGLAS P SMITHSECRETARY
Officer
0$0$0

Address and contacts

Address (IRS master file)
CO 559 WEST 500 SOUTH, BOUNTIFUL, UT 84010-0000
In care of
% KAELE PORTER
Principal officer (990 for 2024)
STERLING TANNER, 2026 E CORTEZ DRIVE, GILBERT, AZ 85234
Signed the 990
STERLING TANNER, PRESIDENT
Phone
(801) 296-0200
Return prepared by
HBME LLC

Mission

PASSING ON HOPE AND RESOURCES FOR THE DEVELOPMENT, STRENGTH, AND EDUCATION OF CHILDREN.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING EDUCATIONAL OPPORTUNITIES FOR CHILDREN IN UNDERSERVED AREAS THROUGH BUILDING SCHOOLS, FUNDING SCHOLARSHIPS, AND MAKING STATE OF THE ART TECHNOLOGY AVAILABLE
    Expenses $465,779 · grants $397,440
  • BENEFITING CHILDREN SUFFERING FROM MEDICAL CHALLENGES AND DISABILITIES THROUGH PROVIDING HEALING OPPORTUNITIES TO BOTH BODY AND SPIRIT. THIS IS ACCOMPLISHED THROUGH OFFERING PROGRAMMING, BUILDING MUSIC THERAPY CENTERS (SOPHIE'S PLACE) IN HOSPITALS, AND SUPPORTING ORGANIZATIONS FOCUSED ON FINDING CURES FOR CHILDHOOD DISEASES
    Expenses $908,756 · grants $775,423
  • SUPPORTING AT-RISK CHILDREN THROUGH THE FUNDING OF MULTIMEDIA TECHNOLOGY CENTERS (FOREVER YOUNG ZONES, 8 TO 80 ZONES), PROVIDING SCHOLARSHIPS TO BEHAVORIAL TREATMENT CENTERS, AND FUNDING COMMUNITY PARTNERS FOCUSED ON IMPROVING OPPORTUNITIES FOR DISADVANTAGED YOUTH
    Expenses $892,763 · grants $761,776
  • OTHER PROGRAM ACCOMPLISHMENTS
    Expenses $274,456 · grants $227,672

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

IRS record

EIN
87-0509354
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
1993
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$8,741,200
Income (IRS master file)
$4,315,761

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,755,454$2,770,396$8,741,200XML
990December 2023$3,896,121$3,539,581$7,641,494XML
990December 2022$3,702,573$3,521,640$7,087,632IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 87-0509354).

Questions about FOREVER YOUNG FOUNDATION

What is the EIN of FOREVER YOUNG FOUNDATION?
The employer identification number (EIN) of FOREVER YOUNG FOUNDATION is 87-0509354.
Is FOREVER YOUNG FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
Are donations to FOREVER YOUNG FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOREVER 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 FOREVER 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 FOREVER 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 FOREVER YOUNG FOUNDATION?
The 990 for the year ended December 31, 2024 names STERLING TANNER.
Who are the officers and directors of FOREVER YOUNG FOUNDATION?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $239,971 (STERLING TANNER, PRESIDENT).
How much revenue does FOREVER YOUNG FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,755,454, expenses of $2,770,396 and total assets of $8,741,200 at year end.

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