Young Mens Institute
- Assets
- $208.0k
- Revenue
- $239.7k
- Investments
- $0.0
- Employees
- 17
- Location
- Huntingburg, IN
- Founding
- 11/1972
- Data as of
- 03/2023
- EIN
- 35-0813773
Organization Overview
Young Mens Institute is located in Huntingburg, IN. The organization was established in 1972. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 03/2023, Young Mens Institute employed 17 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Young Mens Institute is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 03/2023, Young Mens Institute generated $239.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $230.7k during the year ending 03/2023. While expenses have increased by 1.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL & RELIGIOUS SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS TO HIGH SCHOOL SENIORS
NATIONAL DUES & NEWSLETTERS
CHURCH, YOUTH & COMMUNITY PROJECTS AND PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott O'brien Recording Secretary | Trustee | 6 | $0 |
Jackie Waters Manager | 40 | $42,850 | |
Jeff Mundy Financial Sec | Trustee | 6 | $0 |
Hubert Mundy Outside Sent. | Trustee | 6 | $0 |
Dave Klem 1st Vice | Trustee | 6 | $0 |
Scot Blessinger 2nd Vice | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,005 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,379 |
| Total Program Service Revenue | $0 |
| Investment income | $147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,900 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,219 |
| Net Income from Gaming Activities | $29,837 |
| Net Income from Sales of Inventory | $165,214 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $985 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $8,692 |
| 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 | $93,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,834 |
| Office expenses | $1,053 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,797 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,378 |
| Insurance | $5,855 |
| All other expenses | $0 |
| Total functional expenses | $230,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,729 |
| Savings and temporary cash investments | $19,860 |
| 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 | $6,977 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $118,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $208,036 |
| Accounts payable and accrued expenses | $8,543 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,543 |
| 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 | $199,493 |
| Total liabilities and net assets/fund balances | $208,036 |