Homenetmen
- Assets
- $16.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 04/1970
- Data as of
- 12/2021
- EIN
- 23-7062425
Organization Overview
Homenetmen is located in Torrance, CA. The organization was established in 1970. 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 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 12/2021, Homenetmen generated $2.4m 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 (8.0%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO TRAIN ALL YOUTH AND ATHLETES TO PRACTICE AND PARTICIPATE IN ALL SCOUTING, CAMPING, AND ATHLETIC ACTIVITIES.TO PROVIDE AFTER SCHOOL PROGRAMS TO ALL STUDENTS TO ACHIEVE HIGH EDUCATION AND PURSUE CAREERS OF THEIR CAPABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PHYSICAL EDUCATION FOR YOUTH , SCOUTING ACTIVITIES, CAMPING, SPORTING TRIPS
PROVIDED ATHLETIC ACTIVITIES FOR YOUNG ATHLETES, PARTICIPATIN IN TOURNAMENTS IN GREATER LOS ANGELES AREA
PROVIDE AFTER SCHOOL PROGRAMS FOR ALL STUDENTS
YOUTH PROGRAMS TO ENRICH THE ATHLETIC AND CULRTURAL DESCIPLINE IN SCOUTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hagop Tufenkjian Chairman | Officer | 10 | $0 |
Sevag Garabetian V Chairman | Officer | 20 | $0 |
Siran Marselian Treasurer | Officer | 20 | $0 |
Suzy Ohanian Secretary | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $461,981 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,297 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $685,278 |
| Total Program Service Revenue | $1,337,619 |
| Investment income | $58,189 |
| Tax Exempt Bond Proceeds | $331,405 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,431,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $469,645 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $173,130 |
| Travel | $6,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $225,451 |
| Payments to affiliates | $38,862 |
| Depreciation, depletion, and amortization | $407,505 |
| Insurance | $75,325 |
| All other expenses | $215,104 |
| Total functional expenses | $2,638,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,617,998 |
| Savings and temporary cash investments | $285,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,449,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,360,529 |
| Intangible assets | $0 |
| Other assets | $216,578 |
| Total assets | $16,930,801 |
| Accounts payable and accrued expenses | $11,785 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,059,237 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $991,611 |
| Total liabilities | $5,062,633 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $11,868,168 |
| Total liabilities and net assets/fund balances | $16,930,801 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Homenetmen has recieved totaling $31,105.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,105 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Waialae Country Club Honolulu, HI | $40,629,667 | $20,651,940 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
Sharon Heights Golf & Country Club Menlo Park, CA | $51,835,070 | $19,221,394 |
Rolling Hills Country Club Rolling Hills Estates, CA | $71,103,768 | $16,906,847 |
Diablo Country Club Diablo, CA | $28,795,018 | $17,234,644 |
Ironwood Country Club Palm Desert, CA | $36,309,619 | $13,754,726 |
Los Altos Golf & Country Club Los Altos, CA | $30,864,685 | $15,701,239 |
Claremont Country Club Oakland, CA | $32,521,867 | $15,512,670 |
St Francis Yacht Club San Francisco, CA | $21,989,998 | $14,152,861 |