Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
H & B YOUNG FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 889
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MORGAN CITY, LA70381
A Employer identification number

72-6029365
B Telephone number (see instructions)

(985) 385-0812
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$41,491,492J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 34,333 34,333  
4 Dividends and interest from securities... 632,340 627,340  
5a Gross rents............ 1,447,249 1,447,249  
b Net rental income or (loss) 1,421,449
6a Net gain or (loss) from sale of assets not on line 10 1,693,108
b Gross sales price for all assets on line 6a 5,273,487
7 Capital gain net income (from Part IV, line 2)... 1,693,108
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -105,239 -81,914  
12 Total. Add lines 1 through 11........ 3,701,791 3,720,116  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 207,939 155,956   51,983
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 17,750 13,312   4,438
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 38,400 38,400    
c Other professional fees (attach schedule).... Click to see attachment 20,525 20,525    
17 Interest............... 199 199    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 69,197 18,511   1,221
19 Depreciation (attach schedule) and depletion... Click to see attachment 7,540 5,657  
20 Occupancy.............. 8,162 6,122   2,040
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 375,396 345,570   28,504
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 745,108 604,252   88,186
25 Contributions, gifts, grants paid....... 1,855,712 1,855,712
26 Total expenses and disbursements. Add lines 24 and 25 2,600,820 604,252   1,943,898
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,100,971
b Net investment income (if negative, enter -0-) 3,115,864
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 50 50 50
2 Savings and temporary cash investments......... 695,375 867,891 867,891
3 Accounts receivable bullet11,532
Less: allowance for doubtful accounts bullet   17,485 11,532 11,532
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet3,564
Less: allowance for doubtful accounts bullet   3,870 Click to see attachment3,564 3,564
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 37,781 19,052 19,052
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 24,898,146 Click to see attachment26,957,801 26,957,801
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet3,125,012
Less: accumulated depreciation (attach schedule) bullet825,094 2,325,718 Click to see attachment2,299,918 13,407,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet274,081
Less: accumulated depreciation (attach schedule) bullet86,860 194,761 Click to see attachment187,221 189,590
15 Other assets (describe bullet) Click to see attachment376 Click to see attachment35,012 Click to see attachment35,012
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 28,173,562 30,382,041 41,491,492
Liabilities 17 Accounts payable and accrued expenses.......... 24,674 48,760
18 Grants payable.................    
19 Deferred revenue................. 98,958 187,184
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 123,632 235,944
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 28,049,930 30,146,097
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 28,049,930 30,146,097
30 Total liabilities and net assets/fund balances (see instructions). 28,173,562 30,382,041
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
28,049,930
2
Enter amount from Part I, line 27a .....................
2
1,100,971
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
995,196
4
Add lines 1, 2, and 3 ..........................
4
30,146,097
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
30,146,097
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c PUBLICLY TRADED SECURITIES P    
d APEXONE MULTIFAMILY FUND P    
e APEXONE MULTIFAMILY FUND SPECIAL P    
BRIDGE INVESTMENT GROUP P    
GRYPHON INTERNATIONAL GROWTH FUND P    
LOTUS DOMAINE FUND P    
MOSAIC INVESTMENT P    
RSCM FUND IV P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,455,957   2,139,604 316,353
b 1,394,690   794,808 599,882
c 671,844   643,229 28,615
d 61,605     61,605
e 185     185
9,076     9,076
21,295     21,295
325     325
    2,738 -2,738
9,054     9,054
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       316,353
b       599,882
c       28,615
d       61,605
e       185
      9,076
      21,295
      325
      -2,738
      9,054
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,693,108
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 43,311
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 43,311
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 40,863
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 52,863
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 9,551
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet9,551 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletLA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBRENDA AYO Telephone no.bullet (985) 385-0812

    Located atbullet818 SECOND STREETMORGAN CITYLA ZIP+4bullet70380
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BRENDA B AYO PRESIDENT
    40.00     		78,450 12,750 0
    1708 EAST GARNER DRIVE
    MORGAN CITY,LA70380
    EMILE A WAGNER III TREASURER
    4.25     		26,250 0 0
    2036 PALMER AVENUE
    NEW ORLEANS,LA70118
    GWEN E ROSS SECRETARY
    40.00     		46,250 5,000 0
    1708 EAST GARNER DRIVE
    MORGAN CITY,LA70380
    MELISSA PARSIOLA VICE PRESIDE
    4.25     		26,250 0 0
    208 BRIGHTON LANE
    BERWICK,LA70342
    TIM BETBEZE DIRECTOR
    4.25     		30,739 0 0
    909 POYDRAS STREET
    SUITE 2300
    NEW ORLEANS,LA70112
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    27,059,944
    b
    Average of monthly cash balances.......................
    1b
    830,872
    c
    Fair market value of all other assets (see instructions)................
    1c
    13,640,653
    d
    Total (add lines 1a, b, and c).........................
    1d
    41,531,469
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    41,531,469
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    622,972
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    40,908,497
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,045,425
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    2,045,425
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    43,311
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    43,311
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,002,114
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    23,025
    5
    Add lines 3 and 4............................
    5
    2,025,139
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    2,025,139
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 2,025,139
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,664,541
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,943,898
    a Applied to 2020, but not more than line 2a 1,664,541
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 279,357
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		1,745,782
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BRENDA B AYO
    PO BOX 889
    MORGAN CITY,LA70381
    (985) 385-0812
    bThe form in which applications should be submitted and information and materials they should include:
    A WRITTEN STATEMENT PROVIDING THE REQUESTING ORGANIZATION'S NAME, ADDRESS, TELEPHONE NUMBER, CONTACT PERSON(S), AND THE AMOUNT REQUESTED. INCLUDE THE PURPOSE AND DETAILED PLAN FOR THE REQUESTED FUNDS. PROVIDE DETAILS OF OTHER SOURCES OF FUNDING PLANNED FOR THE PROJECT ALONG WITH TOTAL COST. INCLUDE AVAILABLE SUPPORT FOR DETERMINATION OF FUNDS NEEDED AND ANY OTHER SUPPORTING DOCUMENTATION AVAILABLE.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDS ARE CONFINED TO THOSE INSTITUTIONS, PERSONS, AND PURPOSES LOCATED IN, OPERATING IN, OR BENEFITING THE PEOPLE OF THE CITY OF MORGAN CITY, LOUISIANA.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ABBY LAMPEREZ
    710 GENERAL PATTON ST
    MORGAN CITY,LA70380     		  I SCHOLARSHIP 1,800
    ATKINSON MEMORIAL PRESBYTERIAN CHUR
    212 4TH STREET
    MORGAN CITY,LA70380     		  PC COVID CARE FOR CHILDREN & STAFF 25,800
    BEARS
    708 FRONT STREET
    MORGAN CITY,LA70380     		  PC ECHO LINK 780
    CENTRAL CATHOLIC ELEMENTARY SCHOOL
    2100 CEDAR STREET UNIT 2
    MORGAN CITY,LA70380     		  PC SCHOLARSHIPS, PROMETHEAN BOARDS 30,000
    CENTRAL CATHOLIC HIGH SCHOOL
    2100 CEDAR STREET UNIT 1
    MORGAN CITY,LA70380     		  PC SCHOLARSHIPS; SCIENCE LAB EQUIP 29,500
    CITY COURT OF MORGAN CITY
    7261 HIGHWAY 182
    MORGAN CITY,LA70380     		  GOV REACH PROGRAM, FAMILY ASSIST 30,800
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV PETTING ZOO OPERATIONS 10,000
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV LIBRARY OPERATIONS 30,000
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV AUDITORIUM - HANDICAP RAMP 68,500
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV CITY BEAUTIFICATION 5,000
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV FERAL CAT PROGRAM 3,500
    CITY OF MORGAN CITY
    512 1ST STREET
    MORGAN CITY,LA70380     		  GOV RECREATION - NEW RESTROOMS 40,000
    COMMUNITY CONCERT ASSOCIATION
    PO BOX 1515
    MORGAN CITY,LA70381     		  PC CULTURAL EVENTS - CONCERTS 50,000
    CUB SCOUTS PACK 438
    1504 SANDRA ST
    MORGAN CITY,LA70380     		  PC CAMPING NEEDS, ROOF REPAIR 15,000
    GLORY MINISTRIES
    1316 VICTOR II BLVD
    MORGAN CITY,LA70380     		  PC INDIVIDUAL AND FAMILY INTERVENTION 71,009
    HARGRAVE FUNERAL HOME
    1301 VICTOR II BLVD
    MORGAN CITY,LA70380     		  I FUNERAL EXPENSES - INDIGNENT IND 4,000
    HOLY CROSS CATHOLIC CHURCH
    2100 CEDAR ST
    MORGAN CITY,LA70380     		  PC REPAIR STAINED GLASS WINDOWS 6,850
    IMMANUEL CHRISTIAN SCHOOL
    901 FIG STREET
    MORGAN CITY,LA70380     		  PC CONSTRUCTION ON NEW BUILDING 270,007
    ISABELLE LANDRY
    120 BRENTWOOD BLVD
    LAFYETTE,LA70503     		NONE I SCHOLARSHIP 3,000
    J S AUCOIN ELEMENTARY
    739 JULIA STREET
    MORGAN CITY,LA70380     		  GOV SMART BOARDS, SUPPLIES 26,400
    JULIA MAITLAND ELEMENTARY SCHOOL
    1907 FEDERAL AVENUE
    MORGAN CITY,LA70380     		  GOV CLASSROOM TECH, STUDENT NEEDS 45,100
    KENYA JOHNSON
    409 LAWRENCE STREET
    MORGAN CITY,LA70380     		NONE I SCHOLARSHIP 1,000
    ME NORMAN ELEMENTARY SCHOOL
    900 SPRUCE STREET
    MORGAN CITY,LA70380     		  GOV SUPPLIES FOR TEACHERS, STUDENT NEEDS 6,691
    MORGAN CITY HIGH SCHOOL
    2400 TIGER DR
    MORGAN CITY,LA70380     		  GOV SCHOLARSHIPS 31,500
    MORGAN CITY HIGH SCHOOL
    2400 TIGER DR
    MORGAN CITY,LA70380     		  GOV STUDENT NEEDS 33,942
    MORGAN CITY JUNIOR HIGH SCHOOL
    911 MARGUERITE ST
    MORGAN CITY,LA70380     		  GOV STUDENT NEEDS, IPADS 18,000
    MORGAN CITY YOUTH CENTER
    900 YOUNGS RD
    MORGAN CITY,LA70380     		  GOV PROGRAM OPERATIONS, NEEDS 94,750
    MR CHARLIE RIG MUSEUM
    111 1ST ST
    MORGAN CITY,LA70380     		  PC HISTORIC SITE STATUS APP 17,500
    SACRED HEART CATHOLIC CHURCH
    415 UNION ST
    MORGAN CITY,LA70380     		  PC REPAIRS, UPDATE BATHROOMS 40,000
    SLCC FOUNDATION
    1101 BERTRAND DRIVE
    LAFAYETTE,LA70506     		  PC SCHOLARSHIPS, COURSES 415,000
    ST MARY COUNCIL ON AGING INC
    600 MAIN ST
    ROOMS 111-114
    FRANKLIN,LA70538     		  PC MEALS ON WHEELS 120,000
    ST MARY OUTREACH
    608 1ST ST 102
    MORGAN CITY,LA70380     		  PC AID TO RESIDENTS, OPERATING EXPENSES 260,000
    TRI-CITY HELPING HEARTS FOUNDATION
    PO BOX 1508
    MORGAN CITY,LA70381     		  PC BURIAL NEEDS FOR M.C. RESIDENTS 12,000
    WYANDOTTE ELEMENTARY SCHOOL
    2 GLENWOOD ST
    MORGAN CITY,LA70380     		  GOV EQUIPMENT, STUDENT NEEDS 23,641
    VARIOUS INDIGENT INDIVIDUALS
    INDIGENT INDIVIDUALS
    MORGAN CITY,LA70380     		NONE I HOUSING ASSISTANCE 8,951
    VARIOUS INDIGENT INDIVIDUALS
    INDIGENT INDIVIDUALS
    MORGAN CITY,LA70380     		NONE I GROCERIES 65
    INDIGENT INDIVIDUALS
    INDIGENT INDIVIDUALS
    MORGAN CITY,LA70380     		NONE I HOUSEHOLD FINANCIAL ASSISTANCE 2,172
    INDIGENT INDIVIDUALS
    INDIGENT INDIVIDUALS
    MORGAN CITY,LA70380     		NONE I TRAVEL ASSISTANCE 145
    INDIGENT INDIVIDUALS
    INDIGENT INDIVIDUALS
    MORGAN CITY,LA70380     		NONE I GIFTS 1,309
    ZACHARY INGRAM
    312 WREN ST APT 143
    MORGAN CITY,LA70380     		  I SCHOLARSHIP 2,000
    Total .................................bullet 3a 1,855,712
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 34,333  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 1,421,449  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,693,108  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aLARSON CAPITAL DEBT FUND I     		531190 32,661      
    bSWIF FUND     16    
    cAPEXONE MULTIFAMILY FUND     16 -62,855  
    dAPEXONE MULTIFAMILY FUND 531190 38,143      
    eGRYPHON INTERNATIONAL FUND     16 1,475  
    fSTONEPEAK INFRASTRUCTURE FU     16    
    gSWIF FUND 531190        
    hLOTUS DOMAINE FUND 531190 -6,708      
    iAPEXONE MULTIFAMILY SPECIAL     16 -20,692  
    jAPEXONE MULTIFAMILY SPECIAL 531190 -87,421      
    12 Subtotal. Add columns (b), (d), and (e) .. -23,325 3,699,316  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,675,991
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DARNALL, SIKES & FREDERICK 38,400 38,400    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND - SECOND STREET 2013-07-01 29,000              
    BUILDING - SECOND STREET 2013-07-01 170,768 32,019 S/L 40.0000 4,269 3,202    
    LAND IMPROV - SECOND ST 2013-07-01 9,323 4,461 S/L 15.0000 622 467    
    8X8 METAL STORAGE BUILDIN 2014-04-01 2,050 906 S/L 15.0000 136 102    
    PHONE & INTERNET LINES 2013-07-01 367 367 S/L 5.0000        
    REFRIGERATOR 2013-07-01 1,020 1,020 S/L 5.0000        
    STOVE 2013-07-01 545 545 S/L 5.0000        
    ADD ELECTRIC WIRING 2013-07-01 227 227 S/L 5.0000        
    LEXMARK LASER PRINTER 2013-06-26 917 917 S/L 5.0000        
    ALARM SYSTEM 2013-07-01 3,268 3,268 S/L 5.0000        
    PHONE FAX INTERNET LINES 2013-07-01 565 565 S/L 5.0000        
    RECEPTION DESK CHAIR 2013-07-01 162 162 S/L 7.0000        
    END TABLES 2013-07-01 173 173 S/L 7.0000        
    VALANCE & AWARD PEDESTAL 2013-07-01 914 914 S/L 7.0000        
    PICTURE FRAMES 2013-07-01 1,410 1,410 S/L 7.0000        
    PORCH FURNITURE 2013-07-01 490 490 S/L 7.0000        
    PICTURES 2013-07-01 1,142 1,142 S/L 5.0000        
    DECORATING CONSULTING 2013-07-01 1,468 1,468 S/L 7.0000        
    DRAPERIES AND BLINDS 2013-07-01 6,409 6,409 S/L 7.0000        
    CHINA 2013-10-30 2,200 2,200 S/L 7.0000        
    LAMP & INCIDENTALS 2013-10-30 912 912 S/L 7.0000        
    BUILDING - GUTTERS 2013-07-01 1,394 261 S/L 40.0000 35 26    
    BUILDING - SHUTTERS 2013-07-01 14,085 2,641 S/L 40.0000 352 264    
    BUILDING - PORCH RAILS 2013-07-01 1,169 219 S/L 40.0000 29 22    
    FURNITURE DEPOSIT 2013-07-01 4,500 4,500 S/L 7.0000        
    WALL UNIT FOR DISPLAY 2014-04-01 2,155 1,770 S/L 7.0000 308 231    
    COPIER 2017-12-12 2,668 1,645 S/L 5.0000 534 401    
    FURNITURE & RUGS 2013-07-01 8,505 8,505 S/L 7.0000        
    AC 2020-09-18 2,990 150 S/L 5.0000 598 449    
    HEATER 2020-11-20 3,285 55 S/L 5.0000 657 493    

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AT&T 74,412 74,412
    EXELON 35,796 35,796
    VERIZON 53,974 53,974
    ALLSTATE CORP 54,486 54,486
    APEXONE MULTIFAMILY FUND 395,869 395,869
    APEXONE MULTIFAMILY FUND SPECIAL 248,332 248,332
    BASELINE CRE INCOME FUND 301,475 301,475
    BRIDGE DEBT II INTERNATIONAL FUNDS 227,445 227,445
    GRYPHON INTERNATIONAL FUND 4,095,455 4,095,455
    LANDMARK DIVIDEND GROWTH FUND 496,874 496,874
    LARSON FUND 480,196 480,196
    LOTUS DOMAINE FUND 253,649 253,649
    MOSAIC REAL ESTATE CREDIT 322,800 322,800
    RSCM FUND IV 210,516 210,516
    STONEPEAK INFRASTRUCTURE FUND 456,224 456,224
    STONEPEAK ASPEN REIT AGGREGATOR 42,933 42,933
    SWIF FUND 480,493 480,493
    ACCENTURE PLC 414,965 414,965
    ALBEMARLE CORP    
    BERKSHIRE HATHAWAY 269,100 269,100
    BROOKFIELD ASSET MGM 359,321 359,321
    C H ROBINSON WORLDWD 284,466 284,466
    CAL MAINE FOODS INC 296,549 296,549
    CUMMINS INC 241,917 241,917
    DISCOVER FINL S 309,932 309,932
    EMERSON ELECTRIC CO 284,302 284,302
    GILEAD SCIENCES INC 293,635 293,635
    LAM RESEARCH CORP 444,435 444,435
    MERCK & CO. INC. 263,565 263,565
    PEPSICO INC 218,180 218,180
    PHILLIPS 66 208,757 208,757
    T ROWE PRICE GROUP 339,794 339,794
    TEXAS INSTRUMENTS 294,579 294,579
    TWITTER 219,082 219,082
    UNITEDHEALTH GRP INC 339,447 339,447
    VONTIER CORP 253,768 253,768
    WELLS FARGO BK N A 338,355 338,355
    BOEING CO 45,297 45,297
    JP MORGAN ULTRA SHORT 9,966 9,966
    JPMORGAN STRATEGIC 229,492 229,492
    TRANSAMERICA MULTI ASSET    
    CIO ARES DIVERSIFIED CR 296,403 296,403
    HARTFORD DIVIDEND AND GR 108,451 108,451
    INVENOMIC INSTITUTIONAL 330,311 330,311
    JP MORGAN EQUITY PREMIUM 80,409 80,409
    ACAP STRATEGIC 1,435,952 1,435,952
    BASELINE CRE INCOME FUND 300,000 300,000
    CION ARES DIVERSIFIED 520,595 520,595
    HARTFORD DIVIDEND AND GR 120,501 120,501
    INVENOMIC INSTITUTIONAL 401,539 401,539
    JPMORGAN EMRG MKTS EQTY 920,401 920,401
    JPMORGAN EQUITY PREMIUM 2,516,366 2,516,366
    JPMORGAN GRWTH ADVANTAGE 3,099,741 3,099,741
    JPMORGAN HEDGED EQTY FD    
    JPMORGAN STRATEGIC INCM    
    JP MORGAN ULTRA SHORT 885,623 885,623
    TRANSAMERICA CAPITAL 892,276 892,276
    TRANSAMERICA INTERMEDIATE    
    TRANSAMERICA SHORT TERM    
    TRANSAMERICA SMALL CAP 859,275 859,275
    VANGUARD SHORT TERM CORP BOND ETF 125 125

    TY 2021 InvestmentsLandSchedule2
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDINGS 689,644 689,644   2,241,272
    IMPROVEMENTS 387,001 135,450 251,551 354,750
    LAND 2,048,367   2,048,367 10,810,978

    TY 2021 LandEtcSchedule2
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE AND FIXTURES 30,440 30,363 77 2,277
    MACHINERY AND EQUIPMENT 15,852 10,547 5,305 5,305
    BUILDINGS 187,416 39,825 147,591 181,000
    IMPROVEMENTS 11,373 6,125 5,248 1,008
    LAND 29,000   29,000  


    TY 2021 OtherAssetsSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PREMIUM RECEIVABLE- SUPPLEMENTAL INS 376 376 376
    CONSTRUCTION IN PROGRESS   34,636 34,636


    TY 2021 OtherExpensesSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LAND - MORGAN CITY, LA        
    INVESTMENT DEPRECIATION 25,800 25,800    
    EXPENSES        
    INSURANCE 22,419 16,814   5,605
    REPAIRS AND MAINTENANCE 79,649 59,737   19,912
    INVESTMENT FEES 197,810 197,810    
    RENTAL EXPENSES 4,196 4,196    
    OFFICE EXPENSES 11,947 8,960   2,987
    PENALTIES 1,322      
    OTHER INVESTMENT EXPENSES 31,011 31,011    
    UTILITIES 1,242 1,242    


    TY 2021 OtherIncomeSchedule2
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
      158 158  
    LARSON CAPITAL DEBT FUND I 32,661    
    APEXONE MULTIFAMILY FUND -62,855 -62,855  
    APEXONE MULTIFAMILY FUND 38,143    
    GRYPHON INTERNATIONAL FUND 1,475 1,475  
    LOTUS DOMAINE FUND -6,708    
    APEXONE MULTIFAMILY SPECIAL -20,692 -20,692  
    APEXONE MULTIFAMILY SPECIAL -87,421    


    TY 2021 OtherIncreasesSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Description Amount
    RECOVERIES OF PY QUALIFYING DISTRIBUTIONS 23,025
    NET UNREALIZED GAINS OR LOSSES ON INVESTMENTS 972,171


    TY 2021 OtherNotesLoansRcvblShortSch2
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Name of 501(c)(3) Organization Balance Due
    NOTE RECEIVABLE - S JOHNSON
          		3,564


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NORTH AMERICAN TERMINAL SERVICES 1,425 1,425    
    APPRAISER ASSOCIATES OF LOUISIAN 2,900 2,900    
    PROVIDENCE ENGINEERING & DESIGN, 5,000 5,000    
    SEMS, INC. 11,200 11,200    


    TY 2021 TaxesSchedule
    Name:
    H & B YOUNG FOUNDATION
    EIN:
    72-6029365
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAX EXPENSE 4,883 3,662   1,221
    FEDERAL EXCISE TAX 43,311      
    FOREIGN TAXES PAID 14,849 14,849    
    UNRELATED BUSINESS INCOME TAX 5,076      
    STATE TAX 1,078