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Nonprofiteer
← YOUNG MENS EDUCATIONAL NETWORK

Form 990 for tax year 2023

Filed by YOUNG MENS EDUCATIONAL NETWORK.

Totals

Total revenue
$1,933,609
Total expenses
$1,490,207
Contributions and grants received
$1,691,499
Grants paid
$57,282
Program service revenue
$44,065
Investment income
$84,973
Other revenue
$113,072
Total assets, end of year
$6,804,422
Total liabilities, end of year
$39,943
Net assets or fund balances, end of year
$6,764,479
Program services expenses (Part IX)
$1,358,869
Management and general expenses
$49,945
Fundraising expenses
$81,393
Program service expenses (Part III)
$1,358,869

Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $123,000

  • 1f · All other contributions, gifts and grants

    $1,568,499

  • 1g · Noncash contributions included above

    $131,013

  • 2a · Program service revenue: ALL OTHER PROGRAM SERV

    total $44,065 · related or exempt $44,065

  • 3 · Investment income

    total $83,569 · excluded $83,569

  • 7a · Gross sales of assets other than inventory

    securities $305,857

  • 7b · Less cost or other basis and sales expenses

    securities $304,453

  • 7c · Gain or loss

    securities $1,404

  • 7d · Net gain or loss

    total $1,404 · excluded $1,404

  • 8a · Fundraising events: gross income

    $141,944

  • 8b · Fundraising events: direct expenses

    $28,872

  • 8c · Net income from fundraising events

    total $113,072 · excluded $113,072

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,280 · program services $11,280

  • 2 · Grants to domestic individuals

    total $46,002 · program services $46,002

  • 5 · Compensation of officers, directors and key employees

    total $136,880 · program services $105,398 · management and general $13,688 · fundraising $17,794

  • 7 · Other salaries and wages

    total $261,488 · program services $200,992 · management and general $16,665 · fundraising $43,831

  • 8 · Pension plan contributions

    total $23,300 · program services $13,790 · management and general $3,138 · fundraising $6,372

  • 9 · Other employee benefits

    total $51,286 · program services $40,589 · management and general $3,530 · fundraising $7,167

  • 10 · Payroll taxes

    total $32,720 · program services $23,423 · management and general $3,068 · fundraising $6,229

  • 12 · Advertising and promotion

    total $3,002 · program services $3,002

  • 13 · Office expenses

    total $41,332 · program services $41,332

  • 14 · Information technology

    total $5,213 · program services $5,213

  • 16 · Occupancy

    total $30,870 · program services $23,737 · management and general $7,133

  • 17 · Travel

    total $56,750 · program services $56,750

  • 19 · Conferences, conventions and meetings

    total $4,084 · program services $4,084

  • 22 · Depreciation, depletion and amortization

    total $128,202 · program services $128,202

  • 23 · Insurance

    total $25,797 · program services $25,797

  • 24a · Other expenses: DIRECT PROGRAM COST

    total $503,981 · program services $503,981

  • 24b · Other expenses: PROFESSIONAL FEES

    total $56,253 · program services $53,530 · management and general $2,723

  • 24c · Other expenses: STIPENDS AND COLLEGE SU

    total $27,600 · program services $27,600

  • 24d · Other expenses: EQUIPMENTAL RENTAL AND

    total $24,579 · program services $24,579

  • 24e · All other expenses

    total $19,588 · program services $19,588

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $262,894 · end of year $203,769

  • 2 · Savings and temporary cash investments

    beginning of year $1,399,879 · end of year $1,296,445

  • 3 · Pledges and grants receivable

    beginning of year $88,376 · end of year $21,105

  • 4 · Accounts receivable

    beginning of year $19,265 · end of year $19,265

  • 10a · Land, buildings and equipment: cost or other basis

    $3,190,258

  • 10b · Land, buildings and equipment: accumulated depreciation

    $866,430

  • 10c · Land, buildings and equipment, net

    beginning of year $1,833,400 · end of year $2,323,828

  • 11 · Investments: publicly traded securities

    beginning of year $2,477,513 · end of year $2,940,010

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,739 · end of year $39,943

  • 27 · Net assets without donor restrictions

    beginning of year $4,547,237 · end of year $5,289,833

  • 28 · Net assets with donor restrictions

    beginning of year $1,473,351 · end of year $1,474,646

Mission and programs · 2023

Mission

TO PREPARE YOUNG MEN AND WOMEN IN NORTH LAWNDALE FOR LEADERSHIP BY HELPING THEM GROW IN THEIR FAITH AND CHARACTER, DEVELOP A LOVE FOR LEARNING, AND USE THEIR TALENTS TO SERVE THE COMMUNITY AND STRENGTHEN OUR FAMILIES.

  • YMEN HAS OVER 300 PARTICIPATING AT-RISK STUDENTS WHO RECEIVE EDUCATIONAL SUPPORT, ATTEND COLLEGE PREP CLASSES, AND RECEIVE HELP IN THE FORM OF ACADEMIC TUTORING AND MENTORING

    Expenses $543,546 · Grants $57,282 · Revenue $40,665

  • YMEN HAS OVER 250 PARTICIPATING STUDENTS THAT LEARN BUSINESS SKILLS THROUGH ENTREPRENEURIAL TRAINING, JOURNALISTIC SKILLS THROUGH CREATIVE WRITING, ARTISTIC EXPRESSION THROUGH FINE ARTS CLASSES (VISUAL, MUSIC AND CULINARY), ADVANCED TECHNOLOGY TRAINING USING DIGITAL COMPUTER EQUIPMENT, JOB AND CAREER READINESS SUPPORT, AND CONFLICT RESOLUTION THROUGH THE DARE TO BE KING AND THE DARE TO BE QUEEN PROGRAMS.

    Expenses $543,546 · Revenue $3,400

  • YMEN HAS OVER 250 PARTICIPATING STUDENTS THAT ATTEND TRIPS TO EXPAND THEIR HORIZONS AND EXPERIENCE OPPORTUNITIES THAT EXIST OUTSIDE OF THEIR COMMUNITY. TRIPS EXPLORING WORLD CULTURES SHARPENS THEIR APPRECIATION OF THE HUMANITIES AND THE CAMPING TRIPS ARE VALUABLE IN TEACHING THEM TEAM-BUILDING AND PEER COOPERATION. IN ADDITION, THESE STUDENTS PARTICIPATE IN RECREATIONAL OUTLETS, TEAM SPORTS, SPORTS LEAGUES, AND SOCIAL OUTINGS THAT PROVIDE A SAFE HARBOR FOR HEALTHY ADOLESCENT DEVELOPMENT.

    Expenses $271,777

As filed on the 2023 return.

Listed in Part VII

  • Michael Trout

    EXECUTIVE DIRECTOR

    Total calculated
    $152,380
    From this org
    $136,880
    From related orgs
    $0
    Other
    $15,500
    Hours/week
    40

  • Valonda Roberts

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Marcus Thorne

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Chad Tameling

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Jaylah Brooks

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jamil Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Lindsay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Petersen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Whiting

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
1 July 2024
IRS schema version
2023v5.1
Source object
202421839349301072

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