Youngs Lake Inc
- Assets
- $86.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monmouth, IL
- Founding
- 05/2001
- Data as of
- 07/2022
- EIN
- 31-1719210
Organization Overview
Youngs Lake Inc is located in Monmouth, IL. The organization was established in 2001. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youngs Lake Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2022, Youngs Lake Inc generated $93.9k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $63.1k during the year ending 07/2022. 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
MAINTENANCE OF LAKE PROPERTY FOR FISHING AND RECREATIONAL USE BY MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Mcbride President | 1 | $0 | |
Jason Brown Vice Preside | 1 | $0 | |
Michelle Jones Secretary | 1 | $0 | |
Bob Agans Board Member | 1 | $0 | |
Bud Reeves Board Member | 1 | $0 | |
Eldon Sipes Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $110 |
| Total Program Service Revenue | $58,021 |
| Membership dues | $34,535 |
| Investment income | $30 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $580 |
| Total Revenue | $93,891 |
| 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 | $395 |
| Occupancy, rent, utilities, and maintenance | $19,214 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,463 |
| Total expenses | $63,072 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,633 |
| Other assets | $0 |
| Total assets | $86,817 |
| Total liabilities | $19,500 |
| Net assets or fund balances | $67,317 |
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