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 03/2022, Young Mens Institute employed 23 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 03/2022, Young Mens Institute generated $216.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $210.8k during the year ending 03/2022. While expenses have increased by 0.9% per year over the past 7 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
2022
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jackie Waters Manager | 40 | $43,606 | |
Scott O'brien Recording Secretary | Trustee | 6 | $0 |
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 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $16,105 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $5,060 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $21,165 |
Total Program Service Revenue | $0 |
Investment income | $132 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,655 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $31,826 |
Net Income from Gaming Activities | $22,180 |
Net Income from Sales of Inventory | $139,417 |
Miscellaneous Revenue | $0 |
Total Revenue | $216,375 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,435 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $8,053 |
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 | $87,395 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $7,233 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,930 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $4,323 |
Office expenses | $1,230 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $34,028 |
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 | $14,070 |
Insurance | $6,846 |
All other expenses | $0 |
Total functional expenses | $210,810 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $51,591 |
Savings and temporary cash investments | $18,148 |
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 | $122,004 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $198,720 |
Accounts payable and accrued expenses | $8,219 |
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 | $8,219 |
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 | $190,501 |
Total liabilities and net assets/fund balances | $198,720 |
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