ANDY AND MARIANN YOUNISS FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ANDY AND MARIANN YOUNISS FOUNDATION (EIN 81-4478825)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-04-25
IRS object ID
202431169349100908
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-25T09:45:17-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814478825EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Andy and Mariann Youniss FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlANDYBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARIANN YOUNISSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8008391754PhoneNum
Signature2024-04-23SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMARIANNPersonFirstNm
Person LastYOUNISSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$12,262,834FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$19,547InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$19,547InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$256,889DividendsRevAndExpnssAmt
Dividends Net Invst Incm$256,889DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$370,798NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,943,895GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$370,798CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$647,234TotalRevAndExpnssAmt
Total Net Invst Incm$647,234TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$60,732OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$60,732OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$6,950TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$40,252OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$40,252OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$107,934TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$60,732TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$40,252TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,530,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,530,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,637,934TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$60,732TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,570,252TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$990,700ExcessRevenueOverExpensesAmt
Net Investment Income$586,502NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$373,405SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$823,494SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$823,494SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$12,375,488CorporateStockBOYAmt
Corporate Stock EOY$10,934,699CorporateStockEOYAmt
Corporate Stock EOYFMV$11,439,340CorporateStockEOYFMVAmt
Total Assets BOY$12,748,893TotalAssetsBOYAmt
Total Assets EOY$11,758,193TotalAssetsEOYAmt
Total Assets EOYFMV$12,262,834TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$12,748,893RetainedEarningBOYAmt
Retained Earning EOY$11,758,193RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$12,748,893TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$11,758,193TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$12,748,893TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$11,758,193TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$12,748,893TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$990,700ExcessRevenueOverExpensesAmt
Subtotal$11,758,193SubtotalAmt
Tot Net Ast Or Fund Balances EOY$11,758,193TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$2,943,895GrossSalesPriceAmt
Cost Or Other Basis$2,573,097CostOrOtherBasisAmt
Gain Or Loss$370,798GainOrLossAmt
Gains Minus Excess Or Losses$370,798GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$370,798CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$8,152InvestmentIncomeExciseTaxAmt
Subtotal$8,152SubtotalAmt
Tax Based On Investment Income$8,152TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$5,700EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$5,700TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Tax Due$2,452TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Andrew Youniss
Foundation Source 501 Silverside RdWilmingtonDE198091377Sec, Treas, Dir1.0$0$0$0
Mariann Youniss
Foundation Source 501 Silverside RdWilmingtonDE198091377Pres, Dir1.0$0$0$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FidelityBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 seaport blvdAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02210ZIPCd
FieldValueIRS element (for citing)
Service TypeInvestment MgmtServiceTypeTxt
Compensation$60,732CompensationAmt
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$10,672,520AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$757,948AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$11,430,468TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$11,430,468AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$171,457CashDeemedCharitableAmt
Net Vl Noncharitable Assets$11,259,011NetVlNoncharitableAssetsAmt
Minimum Investment Return$562,951MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$562,951MinimumInvestmentReturnAmt
Tax Based On Investment Income$8,152TaxBasedOnInvestmentIncomeAmt
Total Tax$8,152TotalTaxAmt
Distributable Before Adj$554,799DistributableBeforeAdjAmt
Distributable Before Ded$554,799DistributableBeforeDedAmt
Distributable As Adjusted$554,799DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,570,252ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$1,570,252QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$554,799DistributableAsAdjustedAmt
Undistributed Income PY$577,603UndistributedIncomePYAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Qualifying Distributions$1,570,252QualifyingDistributionsAmt
Applied To Year1$577,603AppliedToYear1Amt
Applied To Current Year$554,799AppliedToCurrentYearAmt
Remaining Distri From Corpus$437,850RemainingDistriFromCorpusAmt
Total Corpus$437,850TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$437,850ExcessDistriCyovToNextYrAmt
Excess From Current Year$437,850ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerAndrew YounissContributingManagerNm
Contributing ManagerMariann YounissContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BERKLEE COLLEGE OF MUSIC INC
1140 BOYLSTON STBOSTONMA02215N/APCBerklee Online Strategic Fund, Berklee President's Strategic Fund, Youniss Term Scholarship fund, Berklee Fund, Youniss/Berklee Online Endowed Scholarship fund$500,000
CATHOLIC UNIVERSITY OF AMERICA
620 MICHIGAN AVE B016 OCONNELL HALLWASHINGTONDC20064N/APCthe Andrew J. and Mariann A. Youniss Endowed Women's and men's lacrosse fund$200,000
LOVIN SPOONFULS INC
189 WELLS AVE STE 100NEWTONMA02459N/APCGeneral & Unrestricted$130,000
RECORD COMPANY INC
960 MASSACHUSETTS AVEBOSTONMA02118N/APCGeneral & Unrestricted$100,000
TRUSTEES OF TUFTS COLLEGE
80 GEORGE STMEDFORDMA02155N/APCthe Annual fund, endowed scholarship fund, the WIT fund, AI initiative$600,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,530,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$19,547ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$256,889ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$370,798ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$647,234ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$647,234TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
FID SAI LONG TERM TREASURY BON$32,667$36,430
FIDELITY PAS INTL FUND OF FUND$1,606,599$1,660,915
FIDELITY PAS SMALL CAP FUND OF$746,727$793,559
FIDELITY SAI INFLATION-FOCUSED$110,527$84,233
STRATEGIC ADVISERS ALTERNATIVE$84,837$81,464
STRATEGIC ADVISERS CORE INCOME$3,380,979$3,035,498
STRATEGIC ADVISERS EMERGING MA$730,888$686,657
STRATEGIC ADVISERS INCOME OPPO$86,622$80,657
STRATEGIC ADVISERS LARGE CAP F$4,039,045$4,862,925
STRATEGIC ADVISERS SHORT DURAT$115,808$117,002

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Administrative Fees$40,200$40,200
Postage/Delivery Service$27$27
State or Local Filing Fees$25$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$60,732Amt
Net Investment Income$60,732NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
990-PF Estimated Tax for 2023$5,700
990-PF Excise Tax for 2022$1,250

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