PATRIC YOUNG FOUNDATION INC: Form 990EZ, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PATRIC YOUNG FOUNDATION INC (EIN 92-0995656)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-13
IRS object ID
202531339349205808
Schema version
2024v5.1
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)
Return2025-05-13T17:03:55-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN993328799PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HANDLER LAW LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1191 N WACKER DRIVE SUITE 2300AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-05-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBenjamin HughesPreparerPersonNm
PTINP02032187PTIN
Phone3126412100PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

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$134,730GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$43,843ContributionsGiftsGrantsEtcAmt
Investment Income$118InvestmentIncomeAmt
Fundraising Gross Income$90,769FundraisingGrossIncomeAmt
Special Events Direct Expenses$13,142SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$77,627SpecialEventsNetIncomeLossAmt
Total Revenue$121,588TotalRevenueAmt
Grants And Similar Amounts Paid$50,500GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$57,122FeesAndOtherPymtToIndCntrctAmt
Printing Publications Postage$3,627PrintingPublicationsPostageAmt
Other Expenses Total$19,503OtherExpensesTotalAmt
Total Expenses$130,752TotalExpensesAmt
Excess Or Deficit For Year-$9,164ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$133,715NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$124,551NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$136,513BOYAmt
EOY$124,564EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$136,513BOYAmt
EOY$124,564EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,798BOYAmt
EOY$13EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$133,715BOYAmt
EOY$124,551EOYAmt
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.$0$32,400
The Patric Young Foundation hosted an event to further its exempt purpose.$0$21,200
FieldValueIRS element (for citing)
Total Program Service Expenses$53,600TotalProgramServiceExpensesAmt

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
Barbie Pressly
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 Minus2 Years$94,226CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70,941CurrentTaxYearMinus1YearAmt
Current Tax Year$43,843CurrentTaxYearAmt
Total$209,010TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$94,226CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70,941CurrentTaxYearMinus1YearAmt
Current Tax Year$43,843CurrentTaxYearAmt
Total$209,010TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$209,010PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$5CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$73CurrentTaxYearMinus1YearAmt
Current Tax Year$118CurrentTaxYearAmt
Total$196TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$85,446CurrentTaxYearMinus1YearAmt
Current Tax Year$77,627CurrentTaxYearAmt
Total$163,073TotalAmt
FieldValueIRS element (for citing)
Total Support$372,279TotalSupportAmt
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$97,326GrossReceiptsEvent1Amt
Charitable Contri Event1$6,557CharitableContriEvent1Amt
Gross Revenue Event1$90,769GrossRevenueEvent1Amt
Non Cash Prizes Event1$1,729NonCashPrizesEvent1Amt
Food And Beverage Event1$8,492FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$2,921OtherDirectExpensesEvent1Amt
Gross Receipts Total$97,326GrossReceiptsTotalAmt
Charitable Contributions Tot$6,557CharitableContributionsTotAmt
Gross Revenue Total Events$90,769GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$1,729NonCashPrizesTotalEventsAmt
Food And Beverage Total Events$8,492FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$2,921OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$13,142DirectExpenseSummaryEventsAmt
Net Income Summary$77,627NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990-EZ, Part I, Line 4 - Other Investment IncomeDescription: Bank Account Interest Earned. Amount: 118.
Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts PaidActivity Classification: To Other Non-Profits. Grantee Name: Patient Advocate Foundation. Grantee Address: 421 Butler Farm Road Hampton, VA 23666. Date of Gift: 07/18/24. Amount Given: 25,500.
Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts PaidActivity Classification: To Other Non-Profits. Grantee Name: The Genesis Health Foundation d/b/a Brooks Health Grantee Name: The Genesis Health Foundation d/b/a Brooks Health. Grantee Address: 3599 University Blvd South Jacksonville, FL 32216. Date of Gift: 05/01/24. Amount Given: 25,000. Total included on Form 990-EZ, line 10: 50,500.
Form 990-EZ, Part I, Line 16 - Other ExpensesDescription: Administrative Management. Amount: 7,400. Description: Advertising and Marketing. Amount: 51. Description: Insurance. Amount: 705. Description: Legal Fees. Amount: 6,948. Description: Memberships and Subscriptions. Amount: 162. Description: Office Expenses. Amount: 358. Description: Software and Apps. Amount: 3,801. Description: Bank Fees & Service Charges. Amount: 78. Total to Form 990-EZ, line 16: 19,503.
Form 990-EZ, Part II, Line 26 - Other LiabilitiesDescription: Credit Card Expenses. Beg. of Year Amount: 2,798. End of Year Amount: 13.

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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