Youths Friends Association Inc
Youths Friends Association Inc is a private foundation, based in GLOUCESTER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.6M in total assets. In 2024, it awarded 2 grants totaling $634K. Net investment income was $620K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.6M
-1.0% YoY
Annual Giving
$634K
-2.6% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$317K
-2.6% YoY
Under IRS private-foundation payout rules, Youths Friends Association Inc reported a distributable amount of $578K for 2024 — the minimum it must pay out in qualifying distributions.
About Youths Friends Association Inc
Based on IRS filings
Youths Friends Association Inc is a private foundation, based in GLOUCESTER, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.6M in total assets. In 2024, it awarded 2 grants totaling $634K. Net investment income was $620K.
Ready to take the next step with Youths Friends Association Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,571,131 | $8,660,034 | $9,029,615 |
| Revenue | $693,022 | $413,757 | $573,900 |
| Expenses | $781,925 | $783,338 | $688,072 |
| Qualifying Distributions | $703,859 | $713,662 | $629,108 |
| Net Investment Income | $620,056 | $345,151 | $525,072 |
| Distributable Amount | $578,113 | $557,534 | $603,580 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Grants-youth Programs ($586,000), College Scholarships ($48,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COLLEGE SCHOLARSHIPS GLOUCESTER, MA | COLLEGE SCHOLARSHIPS | $48,000 |
| GRANTS-YOUTH PROGRAMS GLOUCESTER, MA | YOUTH PROGRAM GRANTS | $586,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETA SMIT SANTOS | President | 16 | $12,500 |
| STEPHEN C SMIT | Treasurer | 5 | $10,500 |
| HELEN S KIRCHEN | Vice President | 5 | $500 |
| EVAN KIRCHEN | Director | 2 | $500 |
| LISA SMIT | Director | 2 | $500 |
| PIETER JS SMIT | Director | 2 | — |
| ROBERT MEINERT | Director | 2 | $500 |
| BARBARA WEILER | Secretary | 5 | $500 |
| ALIX SANTOS | Director | 2 | $500 |
Frequently Asked Questions
How large is Youths Friends Association Inc?
As of 2024, Youths Friends Association Inc holds $8.6M in total assets with $693K in annual revenue. It awarded 2 grants totaling $634K in 2024.
Where does Youths Friends Association Inc operate?
Youths Friends Association Inc has awarded grants in Massachusetts.
What size grants does Youths Friends Association Inc award?
In 2024, Youths Friends Association Inc awarded 2 grants totaling $634K — an average of about $317K per grant, based on its IRS Form 990 filings.
How much is Youths Friends Association Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Youths Friends Association Inc reported a distributable amount of $578K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Youths Friends Association Inc's EIN?
Youths Friends Association Inc's EIN (Employer Identification Number) is 13-6097828. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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