Nonprofit · EIN 92-0995656
PATRIC YOUNG FOUNDATION INC
Tax-exempt · JACKSONVILLE, FL 32257
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $121,588 | $130,752 | -$9,164 | $124,564 | $13 | $124,551 |
| December 31, 2023 | 990-EZ | $127,542 | $71,276 | $56,266 | $136,513 | $2,798 | $133,715 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $43,843
- Investment income
- $118
- Net income from fundraising events
- $77,627
Expenses
- Grants and similar amounts paid
- $50,500
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $57,122
- Printing, publications and postage
- $3,627
- Other expenses
- $19,503
- Program services (functional)
- $53,600
Balance sheet and other
- Total assets, start of year
- $136,513
- Total assets, end of year
- $124,564
- Total liabilities, end of year
- $13
- Net assets, end of year
- $124,551
- Cash, savings and investments
- $124,564
- Gross receipts
- $134,730
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Patric Young | President and Director | 10 | $0 |
| Alex Bodney | Treasurer and Director | 2 | $0 |
| Barbie Pressly | Secretary and Director | 2 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Patric Young | President and Director | 10 | $0 |
| Alex Bodney | Treasurer and Director | 2 | $0 |
| Dan Cross | Secretary and Director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 5492 CHAMBERS WAY, JACKSONVILLE, FL 32257-3810
- In care of
- % ANDREW MORTON
- Mailing address (990-N for 2022)
- 4320 Deerwood Lake Pkwy Ste 101-40, Jacksonville FL 32216
- Principal officer (990-N for 2022)
- Patric Young, 4320 Deerwood Lake Pkwy Ste 101-40, Jacksonville FL 32216
- Signed the 990-EZ
- Patric Young, President and Director
- Return prepared by
- HANDLER LAW LLP
Mission
The Patric Young Foundation was established by former University of Florida basketball standout Patric Young, who was left paralyzed from the waist down after an auto accident. The foundation assists in the mental and physical health of those with life-altering injuries.
Program accomplishments
- The Patric Young Foundation assisted in the mental health of those with life-altering injuries.Expenses $32,400
- The Patric Young Foundation hosted an event to further its exempt purpose.Expenses $21,200
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 92-0995656
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E01)
- Assets (IRS master file)
- $124,564
- Income (IRS master file)
- $134,730
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $121,588 | $130,752 | $124,564 | IRS |
| 990-EZ | December 2023 | $127,542 | $71,276 | $136,513 | XML |
| 990-N for 2022 Officer: Patric Young | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 92-0995656).
Questions about PATRIC YOUNG FOUNDATION INC
- What is the EIN of PATRIC YOUNG FOUNDATION INC?
- The employer identification number (EIN) of PATRIC YOUNG FOUNDATION INC is 92-0995656.
- Is PATRIC YOUNG FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to PATRIC YOUNG FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PATRIC YOUNG FOUNDATION INC 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 PATRIC YOUNG FOUNDATION INC 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 PATRIC YOUNG FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of PATRIC YOUNG FOUNDATION INC?
- The 990-N for 2022 names Patric Young.
- Who are the officers and directors of PATRIC YOUNG FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does PATRIC YOUNG FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $121,588, expenses of $130,752 and total assets of $124,564 at year end.
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