Civic Intelligence

Yongey Foundation Co Glenna Olmsted

990 • Fiscal year 2023 • EIN 37-1464193

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 25, 2024

Organization ProfileN/A
PO Box 771951Steamboat Springs, CO 80477

(970) 846-3375

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.13x

Higher debt load relative to assets than 60% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.48x

Higher debt load relative to revenue than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

56th percentile

6.7%

Faster asset growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

42nd percentile

2.1%

Faster revenue growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$1,684,327

Up $105,300 (+6.7%) from 2022

Net Assets

Down

$1,472,708

Down $106,319 (-6.7%) from 2022

Liabilities

Up

$211,619

Up $211,619 from 2022

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin20th percentile

Revenue

Up

$437,217

Up $9,082 (+2.1%) from 2022

Expenses

Up

$498,295

Up $90,894 (+22%) from 2022

Net Income

Down

-$61,078

Down $81,812 (-395%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $197,035Net Assets 2011: $197,0352011Assets 2013: $246,167Net Assets 2013: $246,1672013Assets 2015: $319,707Net Assets 2015: $319,7072015Assets 2016: $286,267Net Assets 2016: $286,2672016Assets 2017: $204,321Liabilities 2017: $0Net Assets 2017: $204,3212017Assets 2018: $914,444Liabilities 2018: $0Net Assets 2018: $914,4442018Assets 2019: $565,101Liabilities 2019: $131,621Net Assets 2019: $433,4802019Assets 2020: $1,112,242Liabilities 2020: $77,807Net Assets 2020: $1,034,4352020Assets 2021: $1,558,293Liabilities 2021: $0Net Assets 2021: $1,558,2932021Assets 2022: $1,579,027Liabilities 2022: $0Net Assets 2022: $1,579,0272022Assets 2023: $1,684,327Liabilities 2023: $211,619Net Assets 2023: $1,472,7082023Assets 2024: $1,558,674Liabilities 2024: $614,503Net Assets 2024: $944,1712024

Highlighted filing

2023

Assets$1,684,327
Liabilities$211,619
Net Assets$1,472,708
Open 2023 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $46,600Expenses 2011: $67,329Net Income 2011: -$20,7292011Revenue 2013: $67,803Expenses 2013: $28,233Net Income 2013: $39,5702013Revenue 2015: $180,422Expenses 2015: $122,582Net Income 2015: $57,8402015Revenue 2016: $113,235Expenses 2016: $146,675Net Income 2016: -$33,4402016Revenue 2017: $678,438Expenses 2017: $760,384Net Income 2017: -$81,9462017Revenue 2018: $985,107Expenses 2018: $274,984Net Income 2018: $710,1232018Revenue 2019: $555,991Expenses 2019: $1,036,955Net Income 2019: -$480,9642019Revenue 2020: $631,819Expenses 2020: $30,864Net Income 2020: $600,9552020Revenue 2021: $591,827Expenses 2021: $67,969Net Income 2021: $523,8582021Revenue 2022: $428,135Expenses 2022: $407,401Net Income 2022: $20,7342022Revenue 2023: $437,217Expenses 2023: $498,295Net Income 2023: -$61,0782023Revenue 2024: $303,794Expenses 2024: $502,383Net Income 2024: -$198,5892024

Highlighted filing

2023

Revenue$437,217
Expenses$498,295
Net Income-$61,078
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 25, 2024
Return Version
2023v5.1
Gross Receipts
$437,217
Mission and Program Overview

Mission

Promoting, aiding and developing the activities of Buddhist religious, educational, and cultural institutions, including meditation centers,centers for religious study, and monasteries and abbeys in North America, Asia and throughout the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,579,027$1,472,708▼ $106,319
Cash and Non-Interest-Bearing Accounts$829,856$861,170▲ $31,314
Investments in Publicly Traded Securities$749,171$823,157▲ $73,986
Total Assets$1,579,027$1,684,327▲ $105,300
Liabilities
Other Liabilities-$211,619-
Total Liabilities$0$211,619▲ $211,619
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,579,027$1,472,708▼ $106,319
Total Liabilities and Net Assets / Fund Balance$1,579,027$1,684,327▲ $105,300
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Glenna OlmstedDirector
Cathryn MayerOfficer
Edwin KelleyOfficer
Josh BaranOfficer
Sandra FernandezOfficer
Tim OlmstedOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$143,169
Program Service Revenue
$200,000
Investment Income
$80,319
Other Revenue
$13,729
All Other Contributions
$143,169
Change in Net Assets
$-61,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$498,295
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$300,000$0$0$300,000
Information Technology$0$9,228$0$9,228
Fees for Services Legal$0$4,225$0$4,225
Fees for Service Investment Mgmnt Fees$0$3,430$0$3,430
Fees for Services Accounting$0$3,355$0$3,355
Travel$0$3,221$0$3,221
Insurance$0$854$0$854
Office Expenses$0$24$0$24
Total Functional Expenses$356,733$141,562$0$498,295
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tergar Schools$189,229
Tergar Charity Nepal$22,390
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Yongey Foundation
EIN
37-1464193
Phone
9708463375
Address
PO Box 771951, Steamboat Springs, CO 80477
Doing Business As
co Glenna Olmsted

Signing Officer

Name
Glenna Olmsted
Title
President
Phone
9708463375
Signed
2024-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenna Olmsted
Formed
2008
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Davidson Tax Co Inc
Address
729 Oak Street, Steamboat Springs, CO 80487
Preparer
Clark Davidson
Phone
9708792102
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The Yongey Foundation provided Form 990 to each of the 5 board members of the Foundation for discussion and review at the monthly meeting. Objections were discussed and corrected.”

Pt VI, Line 19

“The Yongey Foundation provided governing documents, tax forms and financial statements to members by email. The members were each responsible for reading the docuemnts on their own time.”

Pt IV

“Schedule O was completed for The Yongey Foundation”

Pt III, Line 2

“The Yongey Foundation recieved donations in excess of $5000. Please see schedule B”

Pt VI, Line 1A

“Any material differences will be discussed within the voting members and delegated as the majority rules.”

Pt VI, Line 2

“There are two spouses that sit on the board (of five members and are voting memebers for the Youngey Foundation.”

Pt VI, Line 8A

“The Yongey Foundation meetings were documented and the minutes were provided to the members.”

Pt VI, Line 8B

“The Yongey Foundation meetings were documented and the minutes were provided to the members.”

Pt VI, Line 12C

“The Yongey Foundation meetings were documented and the minutes were provided to the members. Any conflicts of interest were reported to the board and discussed at the meetings.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022390
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1189229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tergar Charity Nepal
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tergar Schools
IRS990ScheduleD/TotalLiabilityAmt0211619
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Donation
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1Donation
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2Donation
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3Donation
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0East Asia and Pacific
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1East Asia and Pacific
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2Europe
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt3East Asia and Pacific
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IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Yongey Foundation provided Form 990 to each of the 5 board members of the Foundation for discussion and review at the monthly meeting. Objections were discussed and corrected.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Yongey Foundation provided governing documents, tax forms and financial statements to members by email. The members were each responsible for reading the docuemnts on their own time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Schedule O was completed for The Yongey Foundation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Yongey Foundation recieved donations in excess of $5000. Please see schedule B
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Any material differences will be discussed within the voting members and delegated as the majority rules.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5There are two spouses that sit on the board (of five members and are voting memebers for the Youngey Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Yongey Foundation meetings were documented and the minutes were provided to the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Yongey Foundation meetings were documented and the minutes were provided to the members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The Yongey Foundation meetings were documented and the minutes were provided to the members. Any conflicts of interest were reported to the board and discussed at the meetings.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt IV
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 12c
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0498295
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IRS990/TotalProgramServiceExpensesAmt0356733
IRS990/TotalProgramServiceRevenueAmt0200000
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0200000
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01684327
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 77063
IRS990/USAddress/CityNm0Steamboat Springs
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080477
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Glenna Olmsted
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09708463375
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Yongey Foundation
ReturnHeader/Filer/BusinessNameControlTxt0YONG
ReturnHeader/Filer/EIN0371464193
ReturnHeader/Filer/PhoneNum09708463375
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 771951
ReturnHeader/Filer/USAddress/CityNm0Steamboat Springs
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080477
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271248460
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Davidson Tax Co Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0729 Oak Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Steamboat Springs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080487
ReturnHeader/PreparerPersonGrp/PhoneNum09708792102
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Clark Davidson
ReturnHeader/ReturnTs02024-10-11T13:00:00-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,684,327
Liabilities
$211,619
Net assets
$1,472,708
Revenue
$437,217
Expenses
$498,295
Net income
-$61,078
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.61$0.94$0.30$0.50$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.21$1.47$0.44$0.50$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.58$0.00$1.58$0.43$0.41$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$0.59$0.07$0.52
2020Detailed filing. Detailed filing data is available for this year.$1.11$0.08$1.03$0.63$0.03$0.60
2019Detailed filing. Detailed filing data is available for this year.$0.57$0.13$0.43$0.56$1.04$0.48
2018Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.99$0.27$0.71
2017Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.68$0.76$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.29$0.29$0.11$0.15$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.32$0.18$0.12$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.25$0.25$0.07$0.03$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.20$0.05$0.07$0.02