Young Mens Educational Network
- Assets
- $5.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Chicago, IL
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 36-4124098
Organization Overview
Young Mens Educational Network is located in Chicago, IL. The organization was established in 1999. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Young Mens Educational Network employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Educational Network 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, Young Mens Educational Network generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $944.1k during the year ending 12/2021. While expenses have increased by 4.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PREPARE AT-RISK YOUTH IN NORTH LAWNDALE FOR LEADERSHIP BY HELPING THEM GROW IN THEIR FAITH AND CHARACTER, DEVELOP A LOVE FOR LEARNING, AND USE THEIR GIFTS AND ABILITIES TO SERVE THE BROADER COMMUNITY AND STRENGHTEN OUR FAMILIES THROUGH EDUCATIONAL AND MENTORING SERVICES AND COMMUNITY DEVELOPMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YMEN HAS OVER 300 PARTICIPATING AT-RISK STUDENTS WHO RECEIVE EDUCATIONAL SUPPORT, ATTEND COLLEGE PREP CLASSES, AND RECEIVE HELP IN THE FORM OF ACADEMIC TUTORING AND MENTORING
YMEN HAS OVER 250 PARTICIPATING STUDENTS THAT LEARN BUSINESS SKILLS THROUGH ENTREPRENEURIAL TRAINING, JOURNALISTIC SKILLS THROUGH CREATIVE WRITING, ARTISTIC EXPRESSION THROUGH FINE ARTS CLASSESS (VISUAL, MUSIC AND CULINARY), ADVANCED TECHNOLOGY TRAINING USING DIGITAL COMPUTER EQUIPMENT, JOB AND CAREER READINESS SUPPORT, AND CONFLICT RESOLUTION THROUGH THE DARE TO BE KING AND THE DARE TO BE QUEEN PROGRAMS.
YMEN HAS OVER 250 PARTICIPATING STUDENTS THAT ATTEND TRIPS TO EXPAND THEIR HORIZONS AND EXPERIENCE OPPORTUNITIES THAT EXIST OUTSIDE OF THEIR COMMUNITY. TRIPS EXPLORING WORLD CULTURES SHARPENS THEIR APPRECIATION OF THE HUMANITIES AND THE CAMPING TRIPS ARE VALUABLE IN TEACHING THEM TEAM-BUILDING AND PEER COOPEARTION. IN ADDITION, THESE STUDENTS PARTICIPATE IN RECREATIONAL OUTLETS, TEAM SPORTS, SPORTS LEAGUES, AND SOCIAL OUTINGS THAT PROVIDE A SAFE HARBOR FOR HEALTHY ADOLESCENT DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Trout Executive Director | Trustee | 40 | $99,970 |
Frank Whiting President | OfficerTrustee | 1 | $0 |
Jon Milonas Treasurer | OfficerTrustee | 1 | $0 |
Mark Crane Legal Counsel | OfficerTrustee | 1 | $0 |
Toby Eng Vice President | OfficerTrustee | 1 | $0 |
Sammie Shields Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,852 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,142,337 |
| Noncash contributions included in lines 1a–1f | $57,279 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,344,189 |
| Total Program Service Revenue | $26,058 |
| Investment income | $69,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $221,645 |
| Net Income from Fundraising Events | $154,189 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,815,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,190 |
| Grants and other assistance to domestic individuals. | $45,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,970 |
| Compensation of current officers, directors, key employees. | $9,997 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,742 |
| Pension plan accruals and contributions | $2,940 |
| Other employee benefits | $57,126 |
| Payroll taxes | $22,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,998 |
| Fees for services: Accounting | $8,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,566 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,106 |
| Office expenses | $19,509 |
| Information technology | $5,288 |
| Royalties | $0 |
| Occupancy | $26,244 |
| Travel | $22,289 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $451 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,275 |
| Insurance | $19,059 |
| All other expenses | $40,729 |
| Total functional expenses | $944,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,244,402 |
| Pledges and grants receivable | $68,584 |
| Accounts receivable, net | $30,826 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $1,679,592 |
| Investments—publicly traded securities | $2,785,404 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,813,808 |
| Accounts payable and accrued expenses | $22,362 |
| 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 | $22,362 |
| Net assets without donor restrictions | $5,181,317 |
| Net assets with donor restrictions | $610,129 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,813,808 |
Grants Awarded
Over the last fiscal year, Young Mens Educational Network has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Glen Ellyn, IL PURPOSE: SUPPORT A SCHOOL IN UGANDA | $10,000 |
NONPROFIT UTOPIA PURPOSE: SPONSOR STUDENTS | $10,000 |
Chicago, IL PURPOSE: EMERGENCY RELIEF FOR FAMILIES (COVID) | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Young Mens Educational Network has recieved totaling $315,490.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $121,954 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $59,500 |
Together Chicago Inc Prospect Heights, IL PURPOSE: SUPPORT - NORTH LAWNDALE MEN'S EDUCATION LEADERSHIP DEVELOPMENT | $46,200 |
Circle Of Service Foundation Chicago, IL PURPOSE: EDUCATION | $30,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $10,000 |
Invest For Kids Inc Chicago, IL PURPOSE: To aid their exempt purpose | $10,000 |
Endowment Analysis
| Beg. Balance | $1,500,000 |
| Earnings | $75,591 |
| Other Expense | $1,000,000 |
| Ending Balance | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Cook Workforce Partnership Chicago, IL | $32,171,643 | $83,286,997 |
Project Lead The Way Inc Indianapolis, IN | $104,347,608 | $65,462,690 |
Aspira Inc Of Illinois Chicago, IL | $37,783,687 | $23,094,089 |
Lighthouse Academies Of Northwest Indiana Inc Gary, IN | $25,011,234 | $24,142,982 |
Riverbend Head Start Delegate Inc Alton, IL | $2,230,032 | $11,645,370 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Academy For Urban School Leadership Chicago, IL | $9,385,123 | $10,302,671 |
Primo Center For Women And Children Chicago, IL | $5,281,489 | $8,337,109 |
North Chicago Education Fund Chicago, IL | $29,249,144 | $33,611 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
Rockford Rescue Mission Ministries Rockford, IL | $21,367,986 | $9,020,470 |