Homenetmen Inc
- Assets
- $129.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, MA
- Founding
- 07/1997
- Data as of
- 02/2022
- EIN
- 04-2674841
Organization Overview
Homenetmen Inc is located in Watertown, MA. The organization was established in 1997. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homenetmen Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 02/2022, Homenetmen Inc generated $20.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $24.2k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE THE YOUTH SCOUTING ACTIVITIES TO HELP IN THE DEVELOPMENTAL YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sevag Khatchadourian President | 5 | $0 | |
George Barmakian Treasurer | 5 | $0 | |
Missak Ourfalian Clerk | 2 | $0 | |
Marlene Gebeyan Assistant Clerk | 2 | $0 | |
Salphi Badrikian Advisor | 5 | $0 | |
Shant Vosbigian Advisor | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $396 |
| Total Program Service Revenue | $2,584 |
| Membership dues | $1,420 |
| Investment income | $131 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,952 |
| Other Revenue | $0 |
| Total Revenue | $20,483 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $3,684 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,511 |
| Total expenses | $24,195 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $123,290 |
| Other assets | $0 |
| Total assets | $129,290 |
| Total liabilities | $0 |
| Net assets or fund balances | $129,290 |