Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$44,110,025J 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 right arrow.............
3 Interest on savings and temporary cash investments 9,454 9,454  
4 Dividends and interest from securities... 886,717 886,717  
5a Gross rents............ 1,790,146 1,790,146  
b Net rental income or (loss) 1,764,346
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
906,272
b Gross sales price for all assets on line 6a 3,610,818
7 Capital gain net income (from Part IV, line 2)... 906,272
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
List of Attached Documents:
// Content
-11,293 -35,827  
12 Total. Add lines 1 through 11........ 3,581,296 3,556,762  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 227,925 170,944   56,981
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 21,728 16,296   5,432
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
44,500 44,500    
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
950 950    
17 Interest............... 379 379    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
52,994 5,473   1,661
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
10,867 6,457  
20 Occupancy.............. 8,605 6,454   2,151
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
504,864 453,405   48,331
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 872,812 704,858   114,556
25 Contributions, gifts, grants paid....... 2,292,439 2,292,439
26 Total expenses and disbursements. Add lines 24 and 25 3,165,251 704,858   2,406,995
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 416,045
b Net investment income (if negative, enter -0-) 2,851,904
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 40 42 42
2 Savings and temporary cash investments......... 814,663 1,086,951 1,086,951
3 Accounts receivable right arrow133,090
Less: allowance for doubtful accounts right arrow   640,338 133,090 133,090
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow3,500
Less: allowance for doubtful accounts right arrow   5,601 Click to see attachment
List of Attached Documents:
// Content
3,500 		3,500
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 45,819 45,837 45,837
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 23,931,665 Click to see attachment
List of Attached Documents:
// Content
26,334,588 		26,334,588
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow3,098,886
Less: accumulated depreciation (attach schedule) right arrow957,306 2,322,720 Click to see attachment
List of Attached Documents:
// Content
2,141,580 		16,098,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow466,874
Less: accumulated depreciation (attach schedule) right arrow124,037 184,565 Click to see attachment
List of Attached Documents:
// Content
342,837 		229,991
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
299 		Click to see attachment
List of Attached Documents:
// Content
178,026 		Click to see attachment
List of Attached Documents:
// Content
178,026
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 27,945,710 30,266,451 44,110,025
Liabilities 17 Accounts payable and accrued expenses.......... 32,636 58,749
18 Grants payable.................    
19 Deferred revenue................. 241,785 317,856
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 274,421 376,605
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 27,671,289 29,889,846
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)..... 27,671,289 29,889,846
30 Total liabilities and net assets/fund balances (see instructions). 27,945,710 30,266,451
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
27,671,289
2
Enter amount from Part I, line 27a .....................
2
416,045
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,802,512
4
Add lines 1, 2, and 3 ..........................
4
29,889,846
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
29,889,846
Form 990-PF (2024)
Form 990-PF (2024)
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 APEXONE MULTIFAMILY FUND P    
d BRIDGE INVESTMENT GROUP P    
e STONEPEAK INFRASTRUCTURE FUND III P    
ARROWHEAD 59 P    
RSCM FUND IV P    
STRATEGIC WIRELESS INFRASTRUCTURE P    
LOTUS DOMAIN P    
ANDRA CAPITAL FUND P    
VESTED FUND 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 1,625,679   1,618,632 7,047
b 1,892,958   1,051,812 841,146
c 22,649     22,649
d     6,243 -6,243
e 188     188
1,462     1,462
    5,395 -5,395
30,806     30,806
    9,695 -9,695
37,076     37,076
    12,769 -12,769
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       7,047
b       841,146
c       22,649
d       -6,243
e       188
      1,462
      -5,395
      30,806
      -9,695
      37,076
      -12,769
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 2 906,272
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  
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 right arrow 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) 1 39,641
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 39,641
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 39,641
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 38,551
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 58,551
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 52
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 18,858
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow18,858 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowLA
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 2024 or the taxable year beginning in 2024? 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
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 addressright arrowN/A
14
The books are in care ofright arrowBRENDA AYO Telephone no.right arrow (985) 385-0812

Located atright arrow818 SECOND STREETMORGAN CITYLA ZIP+4right arrow70380
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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 		90,679 15,745 0
1708 EAST GARNER DRIVE
MORGAN CITY,LA70380
EMILE A WAGNER III TREASURER
4.25 		26,612 0 0
2036 PALMER AVENUE
NEW ORLEANS,LA70118
GWEN E ROSS SECRETARY
40.00 		50,182 5,983 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 		34,202 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...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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.............right arrow  
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.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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
26,085,810
b
Average of monthly cash balances.......................
1b
841,299
c
Fair market value of all other assets (see instructions)................
1c
16,390,038
d
Total (add lines 1a, b, and c).........................
1d
43,317,147
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
43,317,147
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
649,757
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
42,667,390
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,133,370
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
2,133,370
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
39,641
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
39,641
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,093,729
4
Recoveries of amounts treated as qualifying distributions................
4
5,250
5
Add lines 3 and 4............................
5
2,098,979
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
2,098,979
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
2,406,995
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
2,406,995
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 2,098,979
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,847,644
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,406,995
a Applied to 2023, but not more than line 2a 1,847,644
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 2024 distributable amount..... 559,351
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		1,539,628
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

BEARS

708 FRONT STREET
MORGAN CITY,LA70380 		  PC INTERNET, VOIP PHONE 1,170

CENTRAL CATHOLIC ELEMENTARY SCHOOL

2100 CEDAR STREET UNIT 2
MORGAN CITY,LA70380 		  PC SCHOLARSHIPS, A/R 12,400

CENTRAL CATHOLIC HIGH SCHOOL

2100 CEDAR STREET UNIT 1
MORGAN CITY,LA70380 		  PC SCHOLARSHIPS, PROMETHEAN BOARD 22,500

CHILDREN'S THEATER

728 MYRTLE STREET
MORGAN CITY,LA70380 		  PC SUMMER PRODUCTIONS 5,000

CITY COURT OF MORGAN CITY

7261 HIGHWAY 182
MORGAN CITY,LA70380 		  GOV FAMILY ASSIST, OPERATIONS SUPPORT 32,800

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 WALKING TOURS 4,500

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 POLICE DEPT- EQUIPMENT 100,000

CITY OF MORGAN CITY

512 1ST STREET
MORGAN CITY,LA70380 		  GOV FIRE DEPT - EQUIPMENT 35,691

COMMUNITY CONCERT ASSOCIATION

PO BOX 1515
MORGAN CITY,LA70381 		  PC CULTURAL EVENTS - CONCERTS 50,000

CORNERSTONE MINISTRIES

308 EVERETT STREET
MORGAN CITY,LA70380 		  PC ROOF REPLACEMENT 58,420

FLETCHER TECHNICAL COMMUNITY COLLEG

1407 LA-311
SCHRIEVER,LA70395 		  PC SCHOLARSHIP 2,376

GLORY MINISTRIES

1316 VICTOR II BLVD
MORGAN CITY,LA70380 		  PC STUDENT, FAMILY, AND VET SERVICES 79,273

HOLY CROSS CATHOLIC CHURCH

2100 CEDAR STREET
UNIT 3
MORGAN CITY,LA70380 		  PC SURVEILLANCE EQUIP 1,500

IMMANUEL CHRISTIAN SCHOOL

901 FIG STREET
MORGAN CITY,LA70380 		  PC NEW BUILDING 294,001

J S AUCOIN ELEMENTARY

739 JULIA STREET
MORGAN CITY,LA70380 		  GOV STUDENT NEEDS 4,550

JULIA MAITLAND ELEMENTARY SCHOOL

1907 FEDERAL AVENUE
MORGAN CITY,LA70380 		  GOV STUDENT, TEACHER, AND SCHOOL NEEDS 12,000

JUNETEENTH BIKE RIDE CELEBRATION

PO BOX 1715
MORGAN CITY,LA70381 		  PC REFRESHMENTS FOR PARTICIPANTS 1,000
KENYA JOHNSON


409 LAWRENCE STREET
MORGAN CITY,LA70380 		NONE I SCHOLARSHIP 500

ME NORMAN ELEMENTARY SCHOOL

900 SPRUCE STREET
MORGAN CITY,LA70380 		  GOV STUDENT NEEDS 20,000

MORGAN CITY HIGH SCHOOL

2400 TIGER DR
MORGAN CITY,LA70380 		  GOV SCHOLARSHIPS 34,500

MORGAN CITY HIGH SCHOOL

2400 TIGER DR
MORGAN CITY,LA70380 		  GOV STUDENT NEEDS 19,500

MORGAN CITY JUNIOR HIGH SCHOOL

911 MARGUERITE ST
MORGAN CITY,LA70380 		  GOV STUDENT AND TEACHER NEEDS 5,700

MORGAN CITY YOUTH CENTER

3205 YOUNGS RD
MORGAN CITY,LA70380 		  GOV PROGRAM OPERATIONS, NEEDS 230,727

ROOTS & RIBBONS FOUNDATION

36 CHENNAULT ST
MORGAN CITY,LA70380 		  PC ASSIST FOR MC BREAST CANCER PATIENTS 10,000

SACRED HEART CATHOLIC CHURCH

415 UNION STREET
MORGAN CITY,LA70380 		  PC RICA PROJECT 5,000

SLCC FOUNDATION

1101 BERTRAND DRIVE
LAFAYETTE,LA70506 		  PC SCHOLARSHIPS, COURSES, NEEDS 215,000

ST MARY AARP

4014 CHENNAULT ST
MORGAN CITY,LA70380 		  PC COOLER 2,749

ST MARY COUNCIL ON AGING INC

600 MAIN ST
ROOMS 111-114
FRANKLIN,LA70538 		  PC MEALS ON WHEELS 102,500

ST MARY EXCEL

506 1ST ST
MORGAN CITY,LA70380 		  PC ADMIN ASST/GRANT WRITER 24,000

ST MARY OUTREACH

608 1ST ST 102
MORGAN CITY,LA70380 		  PC AID TO RESIDENTS, OPERATING EXPENSES 353,000

TRI-CITY HELPING HEARTS FOUNDATION

PO BOX 1508
MORGAN CITY,LA70381 		  PC BURIAL NEEDS FOR M.C. RESIDENTS 10,000

TRI-CITY PENTECOSTALS

811 RODERICK ST
MORGAN CITY,LA70380 		  PC ROOF REPLACEMENT 60,000

TRINITY EPISCOPAL CHURCH

302 GREENWOOD STREET
MORGAN CITY,LA70380 		  PC ROOF REPAIR, OTHER NEEDS 53,012

VFW POST 4222

1504 SANDRA ST
MORGAN CITY,LA70380 		  PC A/C 8,100

WYANDOTTE ELEMENTARY SCHOOL

2 GLENWOOD ST
MORGAN CITY,LA70380 		  GOV EQUIPMENT, STUDENT NEEDS 23,000
INDIGENT INDIVIDUALS


INDIGENT INDIVIDUALS
MORGAN CITY,LA70380 		NONE I HOUSING ASSISTANCE 2,600
INDIGENT INDIVIDUALS


INDIGENT INDIVIDUALS
MORGAN CITY,LA70380 		NONE I MEDICAL ASSISTANCE 975
INDIGENT INDIVIDUALS


INDIGENT INDIVIDUALS
MORGAN CITY,LA70380 		NONE I GIFTS 650

MORGAN CITY YOUTH CENTER

3205 YOUNGS RD
MORGAN CITY,LA70380 		  GOV CONVERSION OF BUILDING TO CHARITABLE 344,345
SOMALIA JOHNSON


409 LAWRENCE STREET
MORGAN CITY,LA70380 		  I SCHOLARSHIP 900
Total .................................right arrow 3a 2,292,439
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
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 9,454  
4 Dividends and interest from securities ....     14 886,717  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 1,764,346  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 906,272  
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 35,891      
bSWIF FUND     16    
cAPEXONE MULTIFAMILY FUND     16 -6,468  
dAPEXONE MULTIFAMILY FUND 531190 -16,900      
eSTONEPEAK INFRASTRUCTURE FU     16    
fSWIF FUND 531190        
gLOTUS DOMAINE FUND 523940        
hAPEXONE MULTIFAMILY SPECIAL     16 -28,504  
iAPEXONE MULTIFAMILY SPECIAL 531190 5,543      
jRSCM FUND IV     16 -5,389  
kOTHER INCOME     1    
lARROWHEAD 59     16 -11,527  
mCREATIVE VENTURES     16 16,061  
12 Subtotal. Add columns (b), (d), and (e) .. 24,534 3,530,962  
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,555,496
(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 (2024)
Form 990-PF (2024)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
H & B YOUNG FOUNDATION
EIN:
72-6029365
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DARNALL, SIKES & FREDERICK 44,500 44,500    

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TY 2024 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 44,826 S/L 40.0000 4,270 3,202    
LAND IMPROV - SECOND ST 2013-07-01 9,323 6,326 S/L 15.0000 621 466    
8X8 METAL STORAGE BUILDIN 2014-04-01 2,050 1,316 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 1,394 366 S/L 40.0000 35 26    
BUILDING - SHUTTERS 2013-07-01 14,085 3,697 S/L 40.0000 352 264    
FURNITURE DEPOSIT 2013-07-01 4,500 4,500 S/L 7.0000        
WALL UNIT FOR DISPLAY 2014-04-01 2,155 2,155 S/L 7.0000        
COPIER 2017-12-12 2,668 2,668 S/L 5.0000        
FURNITURE & RUGS 2013-07-01 8,505 8,505 S/L 7.0000        
AC 2020-09-18 2,990 1,944 S/L 5.0000 598 449    
HEATER 2020-11-20 3,285 2,026 S/L 5.0000 657 493    
IMPROVEMENTS - FRONT & BACK PORCH RAILS 2023-04-07 4,350 79 S/L 39.0000 112 84    
TOR ZERO TURN MOWER 2023-07-10 8,775 877 S/L 5.0000 1,755 1,316    
AC 2024-10-01 13,800   S/L 39.0000 74 55    
IMPROVEMENTS - MCYC 2022-12-22 49,580 49,580 S/L 15.0000        
BUILDINGS & IMPROVEMENTS - MCYC 2005-01-01 14,871 14,871 S/L 10.0000        
LAND - NON 2ND STREET - MCYC 2014-01-01 15,494              
ROOF - MCYC 2022-01-06 88,009 4,419 S/L 39.0000 2,257      

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TY 2024 GainLossSaleOtherAssetsSch
Name:
H & B YOUNG FOUNDATION
EIN:
72-6029365
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
LEXMARK LASER PRINTER 2013-06 PURCHASE 2024-12     917       917

TY 2024 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 90,511 90,511
EXELON 32,935 32,935
VERIZON 41,310 41,310
ALLSTATE CORP 89,262 89,262
CONSTELLATION 65,100 65,100
READY CAPITAL 235,918 235,918
WARNER BROTHERS DISCOVERY 10,158 10,158
ANDRA 1,868,683 1,868,683
APEXONE MULTIFAMILY FUND 341,687 341,687
APEXONE MULTIFAMILY FUND SPECIAL 156,190 156,190
ARROWHEAD 59 299,192 299,192
BASELINE CRE INCOME FUND 750,000 750,000
BRIDGE DEBT II INTERNATIONAL FUNDS 89,913 89,913
CREATIVE VENTURES 511,498 511,498
LARSON FUND 450,942 450,942
LOTUS DOMAINE FUND 312,548 312,548
MONROE CAPITAL 441,359 441,359
RSCM FUND IV 334,899 334,899
SQUADRA 161,750 161,750
STONEPEAK INFRASTRUCTURE FUND 391,106 391,106
STONEPEAK ASPEN REIT AGGREGATOR 45,149 45,149
SWIF FUND 71,560 71,560
VESTED FUND III LP 1,430,963 1,430,963
ACCENTURE PLC 229,015 229,015
ALPHABET INC 361,563 361,563
BERKSHIRE HATHAWAY 265,622 265,622
BROOKFIELD CORP 337,232 337,232
C H ROBINSON WORLDWD    
CAL MAINE FOODS INC 325,845 325,845
CARMAX INC 249,613 249,613
CUMMINS INC 251,689 251,689
DISCOVER FINL S 302,286 302,286
EMERSON ELECTRIC CO 246,621 246,621
LAM RESEARCH CORP 244,499 244,499
MERCK & CO. INC. 222,537 222,537
PEPSICO INC 210,907 210,907
PHILLIPS 66 213,619 213,619
T ROWE PRICE GROUP 168,504 168,504
TEXAS INSTRUMENTS 190,698 190,698
UNITEDHEALTH GRP INC 222,578 222,578
VONTIER CORP 320,900 320,900
WELLS FARGO BK N A 230,457 230,457
AMERICAN TOWER CORP 225,961 225,961
AMPLIFY CWP ENHANCED DIV 809,570 809,570
CONVERSUS STEPSTONE PRIV 1,067,518 1,067,518
FIRST EAGLE CR OPPORTUNITIES 1,084,158 1,084,158
FIRST EAGLE SMALL CAP OP 1,216,246 1,216,246
INVENOMIC INSTITUTIONAL 1,529,940 1,529,940
INVESCO S&P MIDCAP 400A 166,870 166,870
JPMORGAN EQUITY PREMIUM 1,309,527 1,309,527
JPMORGAN NASDAQ 1,973,265 1,973,265
POMONA INVESTMENT FUND C 414,043 414,043
SPDR S&P 500 ETF IV 284,249 284,249
STEPSTONE PRIVATE VENTUR 673,607 673,607
TRANSAMERICA HIGH YIELD 944,249 944,249
VANGUARD MEGA CAP GROWTH 1,296,373 1,296,373
SCHWAB GOVERNMENT MONEY 522,062 522,062
VANGUARD SHORT TERM CORP BOND ETF 132 132

TY 2024 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 674,773 674,773   3,895,413
IMPROVEMENTS 400,428 282,533 117,895 225,750
LAND 2,023,685   2,023,685 11,976,837

TY 2024 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 30,440   2,200
MACHINERY AND EQUIPMENT 23,710 16,516 7,194 7,193
BUILDINGS 219,268 68,681 150,587 185,000
IMPROVEMENTS 148,962 8,400 140,562 598
LAND 44,494   44,494 35,000


TY 2024 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 299 299 299
CONSTRUCTION IN PROGRESS   177,727 177,727


TY 2024 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 30,511 22,883   7,628
REPAIRS AND MAINTENANCE 141,081 105,811   35,270
INVESTMENT FEES 161,708 161,708    
RENTAL EXPENSES 334 334    
OFFICE EXPENSES 21,733 16,300   5,433
PENALTIES 3,128      
OTHER INVESTMENT EXPENSES 117,613 117,613    
UTILITIES 2,956 2,956    


TY 2024 OtherIncomeSchedule2
Name:
H & B YOUNG FOUNDATION
EIN:
72-6029365
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
LARSON CAPITAL DEBT FUND I 35,891    
APEXONE MULTIFAMILY FUND -6,468 -6,468  
APEXONE MULTIFAMILY FUND -16,900    
APEXONE MULTIFAMILY SPECIAL -28,504 -28,504  
APEXONE MULTIFAMILY SPECIAL 5,543    
RSCM FUND IV -5,389 -5,389  
ARROWHEAD 59 -11,527 -11,527  
CREATIVE VENTURES 16,061 16,061  


TY 2024 OtherIncreasesSchedule
Name:
H & B YOUNG FOUNDATION
EIN:
72-6029365
Description Amount
RECOVERIES OF PY QUALIFYING DISTRIBUTIONS 5,250
NET UNREALIZED GAINS OR LOSSES ON INVESTMENTS 1,452,917
CONVERTED PROPERTY 344,345


TY 2024 OtherNotesLoansRcvblShortSch2
Name:
H & B YOUNG FOUNDATION
EIN:
72-6029365
Name of 501(c)(3) Organization Balance Due
NOTE RECEIVABLE - S JOHNSON
  		 
NOTE RECEIVABLE - A LANCLOS
  		3,500


TY 2024 OtherProfessionalFeesSchedule
Name:
H & B YOUNG FOUNDATION
EIN:
72-6029365
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
RED STICK POWER 950 950    


TY 2024 TaxesSchedule
Name:
H & B YOUNG FOUNDATION
EIN:
72-6029365
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAX EXPENSE 6,644 4,983   1,661
FEDERAL EXCISE TAX 39,653      
FOREIGN TAXES PAID 490 490    
UNRELATED BUSINESS INCOME TAX 5,326      
STATE TAX 881