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William M Yarbrough Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2024 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$3.24M (2024)

Expenses
$1.29M (2024)

Total Assets
$24M (2024)

Total Liabilities
$26.3k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,239,408
Expenses
$1,289,394
Net Income
$1,950,014
Net Assets
$23,993,069
Notable Sources of Revenue Percent of Total Revenue
Contributions $69,976
2.2%
Program Services $0
Investment Income $1,915,777
59.1%
Bond Proceeds $0
Royalties $1,067,655
33.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $186,000
5.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $24,019,370
Total Liabilities $26,301
Net Assets $23,993,069
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Col William M Yarbrough (Chief Executive Officer) $0 $0 $0
Major Heath Sells (Director) $0 $0 $0
Donald Tenconi (Director) $0 $0 $0
Father Frank A Pavone (Director) $0 $0 $0
Bruce Wilkinson (Director) $0 $0 $0
Michael J Legamaro (Assistant Secretary) $0 $0 $0
Larry Elisco (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,909,433
Expenses
$1,412,682
Net Income
$1,496,751
Net Assets
$22,043,055
Notable Sources of Revenue Percent of Total Revenue
Contributions $57,296
2.0%
Program Services $0
Investment Income $1,490,837
51.2%
Bond Proceeds $0
Royalties $1,175,300
40.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $186,000
6.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $22,104,503
Total Liabilities $61,448
Net Assets $22,043,055
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Col William M Yarbrough (Chief Executive Officer) $0 $0 $0
Major Kelly Collins (Director) $0 $0 $0
Donald Tenconi (Director) $0 $0 $0
Father Frank A Pavone (Director) $0 $0 $0
Bruce Wilkinson (Director) $0 $0 $0
Michael J Legamaro (Assistant Secretary) $0 $0 $0
Larry Elisco (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,095,003
Expenses
$641,988
Net Income
$1,453,015
Net Assets
$20,546,343
Notable Sources of Revenue Percent of Total Revenue
Contributions $59,463
2.8%
Program Services $0
Investment Income $693,687
33.1%
Bond Proceeds $0
Royalties $1,155,853
55.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $186,000
8.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $20,557,827
Total Liabilities $11,484
Net Assets $20,546,343
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Col William M Yarbrough (Chief Executive Officer) $0 $0 $0
Major Kelly Collins (Director) $0 $0 $0
Donald Tenconi (Director) $0 $0 $0
Father Frank A Pavone (Director) $0 $0 $0
Bruce Wilkinson (Director) $0 $0 $0
Michael J Legamaro (Assistant Secretary) $0 $0 $0
Larry Elisco (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,165,404
Expenses
$900,982
Net Income
$1,264,422
Net Assets
$19,093,328
Notable Sources of Revenue Percent of Total Revenue
Contributions $61,180
2.8%
Program Services $0
Investment Income $676,264
31.2%
Bond Proceeds $0
Royalties $1,241,960
57.4%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $186,000
8.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $19,094,382
Total Liabilities $1,054
Net Assets $19,093,328
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Col William M Yarbrough (Chief Executive Officer) $0 $0 $0
Major Kelly Collins (Director) $0 $0 $0
Donald Tenconi (Director) $0 $0 $0
Father Frank A Pavone (Director) $0 $0 $0
Bruce Wilkinson (Director) $0 $0 $0
Michael J Legamaro (Assistant Secretary) $0 $0 $0
Larry Elisco (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,075,546
Expenses
$790,926
Net Income
$1,284,620
Net Assets
$17,828,906
Notable Sources of Revenue Percent of Total Revenue
Contributions $28,790
1.4%
Program Services $0
Investment Income $625,327
30.1%
Bond Proceeds $0
Royalties $1,328,429
64.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $93,000
4.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,842,129
Total Liabilities $13,223
Net Assets $17,828,906
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Col William M Yarbrough (Chief Executive Officer) $0 $0 $0
Major Kelly Collins (Director) $0 $0 $0
Donald Tenconi (Director) $0 $0 $0
Father Frank A Pavone (Director) $0 $0 $0
Bruce Wilkinson (Director) $0 $0 $0
Michael J Legamaro (Assistant Secretary) $0 $0 $0
Larry Elisco (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,727,283
Expenses
$1,118,009
Net Income
$609,274
Net Assets
$16,544,286
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,168
1.1%
Program Services $0
Investment Income $583,115
33.8%
Bond Proceeds $0
Royalties $1,032,000
59.7%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $93,000
5.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,545,456
Total Liabilities $1,170
Net Assets $16,544,286
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Col William M Yarbrough (Chief Executive Officer) $0 $0 $0
Major Kelly Collins (Director) $0 $0 $0
Donald Tenconi (Director) $0 $0 $0
Father Frank A Pavone (Director) $0 $0 $0
Bruce Wilkinson (Director) $0 $0 $0
Michael J Legamaro (Assistant Secretary) $0 $0 $0
Larry Elisco (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,978,403
Expenses
$857,890
Net Income
$1,120,513
Net Assets
$15,935,012
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,378
1.1%
Program Services $0
Investment Income $513,234
25.9%
Bond Proceeds $0
Royalties $1,172,791
59.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $270,000
13.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $15,938,002
Total Liabilities $2,990
Net Assets $15,935,012
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Col William M Yarbrough (Chief Executive Officer) $0 $0 $0
Major Kelly Collins (Director) $0 $0 $0
Donald Tenconi (Director) $0 $0 $0
Father Frank A Pavone (Director) $0 $0 $0
Bruce Wilkinson (Director) $0 $0 $0
Michael J Legamaro (Assistant Secretary) $0 $0 $0
Larry Elisco (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,546,342
Expenses
$1,003,519
Net Income
$542,823
Net Assets
$14,814,499
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,861
0.8%
Program Services $0
Investment Income $493,653
31.9%
Bond Proceeds $0
Royalties $1,039,828
67.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,823,288
Total Liabilities $8,789
Net Assets $14,814,499
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Col William M Yarbrough (Chief Executive Officer) $0 $0 $0
Major Kelly Collins (Director) $0 $0 $0
Donald Tenconi (Director) $0 $0 $0
Father Frank A Pavone (Director) $0 $0 $0
Bruce Wilkinson (Director) $0 $0 $0
Michael J Legamaro (Assistant Secretary) $0 $0 $0
Larry Elisco (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,473,778
Expenses
$811,618
Net Income
$662,160
Net Assets
$14,271,676
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,317
0.5%
Program Services $0
Investment Income $440,631
29.9%
Bond Proceeds $0
Royalties $1,025,830
69.6%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,276,349
Total Liabilities $4,673
Net Assets $14,271,676
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Col William M Yarbrough (Chief Executive Officer) $0 $0 $0
Major Kelly Collins (Director) $0 $0 $0
Donald Tenconi (Director) $0 $0 $0
Father Frank A Pavone (Director) $0 $0 $0
Bruce Wilkinson (Director) $0 $0 $0
Michael J Legamaro (Assistant Secretary) $0 $0 $0
Larry Elisco (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,406,288
Expenses
$781,993
Net Income
$624,295
Net Assets
$13,609,516
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,005
0.5%
Program Services $0
Investment Income $420,559
29.9%
Bond Proceeds $0
Royalties $978,724
69.6%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $13,613,918
Total Liabilities $4,402
Net Assets $13,609,516
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Col William M Yarbrough (Chief Executive Officer) $0 $0 $0
Major Kelly Collins (Director) $0 $0 $0
Donald Tenconi (Director) $0 $0 $0
Father Frank A Pavone (Director) $0 $0 $0
Bruce Wilkinson (Director) $0 $0 $0
Michael J Legamaro (Assistant Secretary) $0 $0 $0
Larry Elisco (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,329,823
Expenses
$887,255
Net Income
$442,568
Net Assets
$12,985,221
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,885
0.8%
Program Services $0
Investment Income $402,128
30.2%
Bond Proceeds $0
Royalties $916,810
68.9%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,988,263
Total Liabilities $3,042
Net Assets $12,985,221
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Col William M Yarbrough (Chief Executive Officer) $0 $0 $0
Major Kelly Collins (Director) $0 $0 $0
Donald Tenconi (Director) $0 $0 $0
Father Frank A Pavone (Director) $0 $0 $0
Bruce Wilkinson (Director) $0 $0 $0
Michael J Legamaro (Assistant Secretary) $0 $0 $0
Larry Elisco (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,345,697
Expenses
$902,068
Net Income
$443,629
Net Assets
$12,542,653
Notable Sources of Revenue Percent of Total Revenue
Contributions $14,955
1.1%
Program Services $0
Investment Income $387,417
28.8%
Bond Proceeds $0
Royalties $943,325
70.1%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,565,171
Total Liabilities $22,518
Net Assets $12,542,653

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,303,517
Expenses
$824,178
Net Income
$479,339
Net Assets
$12,099,024
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,348
0.9%
Program Services $0
Investment Income $375,594
28.8%
Bond Proceeds $0
Royalties $916,575
70.3%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,101,867
Total Liabilities $2,843
Net Assets $12,099,024

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,248,283
Expenses
$788,554
Net Income
$459,729
Net Assets
$11,619,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,787
0.6%
Program Services $0
Investment Income $358,409
28.7%
Bond Proceeds $0
Royalties $882,087
70.7%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $11,628,441
Total Liabilities $8,756
Net Assets $11,619,685

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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