PATRIC YOUNG FOUNDATION INC: Form 990EZ, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
PATRIC YOUNG FOUNDATION INC (EIN 92-0995656)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-14
IRS object ID
202401359349202495
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)
Return2024-05-14T10:01:15-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263961688PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HANDLER THAYER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1191 N UPPER WACKER DRAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN920995656EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Patric Young Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPATRBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line15492 Chambers WayAddressLine1Txt
CityJacksonvilleCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32257ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPatric YoungPersonNm
Person TitlePresident and DirectorPersonTitleTxt
Phone2025490851PhoneNum
Signature2024-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstPatricPersonFirstNm
Person LastYoungPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEric KalninsPreparerPersonNm
PTINP00983331PTIN
Phone3126412100PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$156,460GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$70,941ContributionsGiftsGrantsEtcAmt
Investment Income$73InvestmentIncomeAmt
Fundraising Gross Income$85,446FundraisingGrossIncomeAmt
Special Events Direct Expenses$28,918SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$56,528SpecialEventsNetIncomeLossAmt
Total Revenue$127,542TotalRevenueAmt
Grants And Similar Amounts Paid$2,550GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$52,070FeesAndOtherPymtToIndCntrctAmt
Printing Publications Postage$68PrintingPublicationsPostageAmt
Other Expenses Total$16,588OtherExpensesTotalAmt
Total Expenses$71,276TotalExpensesAmt
Excess Or Deficit For Year$56,266ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$77,449NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$133,715NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$77,449BOYAmt
EOY$136,513EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$77,449BOYAmt
EOY$136,513EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,798EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$77,449BOYAmt
EOY$133,715EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeThe 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.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (2 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
The Patric Young Foundation assisted in the mental health of those with life-altering injuries.$1,275$36,221
The Patric Young Foundation hosted an event to further its exempt purpose.$0$27,751
FieldValueIRS element (for citing)
Total Program Service Expenses$63,972TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Patric Young
President and Director10.00$0$0$0
Alex Bodney
Treasurer and Director2.00$0$0$0
Dan Cross
Secretary and Director2.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPatric YoungPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14320 Deerwood Lake Prkwy Ste 101-40AddressLine1Txt
CityJacksonvilleCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32216ZIPCd
FieldValueIRS element (for citing)
Phone3126412100PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$94,226CurrentTaxYearMinus1YearAmt
Current Tax Year$70,941CurrentTaxYearAmt
Total$165,167TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$94,226CurrentTaxYearMinus1YearAmt
Current Tax Year$70,941CurrentTaxYearAmt
Total$165,167TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$165,167PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$5CurrentTaxYearMinus1YearAmt
Current Tax Year$73CurrentTaxYearAmt
Total$78TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$85,446CurrentTaxYearAmt
Total$85,446TotalAmt
FieldValueIRS element (for citing)
Total Support$250,691TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Golf TournamentEvent1Nm
Gross Receipts Event1$116,970GrossReceiptsEvent1Amt
Charitable Contri Event1$31,524CharitableContriEvent1Amt
Gross Revenue Event1$85,446GrossRevenueEvent1Amt
Non Cash Prizes Event1$9,799NonCashPrizesEvent1Amt
Food And Beverage Event1$10,235FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$8,884OtherDirectExpensesEvent1Amt
Gross Receipts Total$116,970GrossReceiptsTotalAmt
Charitable Contributions Tot$31,524CharitableContributionsTotAmt
Gross Revenue Total Events$85,446GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$9,799NonCashPrizesTotalEventsAmt
Food And Beverage Total Events$10,235FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$8,884OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$28,918DirectExpenseSummaryEventsAmt
Net Income Summary$56,528NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990-EZ, Part I, Line 4 - Other Investment IncomeDescription: Bank Account Interest Earned. Amount: 73.
Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts PaidActivity Classification: To Other Non-Profits. Grantee Name: Players Philanthropy Fund. Grantee Address: 1122 Kenilworth Dr, Suite 201 Towson, MD 21204. Amount Given: 2,550.
Form 990-EZ, Part I, Line 16 - Other ExpensesDescription: Administrative Management. Amount: 8,400. Description: Advertising and Marketing. Amount: 200. Description: Insurance. Amount: 710. Description: Legal Fees. Amount: 3,861. Description: Memberships and Subscriptions. Amount: 27. Description: Office Expenses. Amount: 552. Description: Software and Apps. Amount: 2,838. Total to Form 990-EZ, line 16: 16,588.
Form 990-EZ, Part II, Line 26 - Other LiabilitiesDescription: Credit Card Expenses. Beg. of Year Amount: 0. End of Year Amount: 2,798.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationThe organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.DeclarationDesc

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