Young Mens Educational Network
- Assets
- $6.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Chicago, IL
- Founding
- 04/1999
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Young Mens Educational Network generated $1.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 10.4% per year over the past 5 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
TO PREPARE YOUNG MEN AND WOMEN IN NORTH LAWNDALE FOR LEADERSHIP BY HELPING THEM GROW IN THEIR FAITH AND CHARACTER, DEVELOP A LOVE FOR LEARNING, AND USE THEIR TALENTS TO SERVE THE COMMUNITY AND STRENGTHEN OUR FAMILIES.
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 CLASSES (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 COOPERATION. 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 | $136,880 |
Valonda Roberts President | OfficerTrustee | 5 | $0 |
Marcus Thorne Vice President | OfficerTrustee | 5 | $0 |
Chad Tameling Secretary | OfficerTrustee | 5 | $0 |
Jaylah Brooks Treasurer | OfficerTrustee | 5 | $0 |
Jamil Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,568,499 |
| Noncash contributions included in lines 1a–1f | $131,013 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,691,499 |
| Total Program Service Revenue | $44,065 |
| Investment income | $83,569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,404 |
| Net Income from Fundraising Events | $113,072 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,933,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,280 |
| Grants and other assistance to domestic individuals. | $46,002 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,880 |
| Compensation of current officers, directors, key employees. | $13,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $261,488 |
| Pension plan accruals and contributions | $23,300 |
| Other employee benefits | $51,286 |
| Payroll taxes | $32,720 |
| 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 | $3,002 |
| Office expenses | $41,332 |
| Information technology | $5,213 |
| Royalties | $0 |
| Occupancy | $30,870 |
| Travel | $56,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,084 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,202 |
| Insurance | $25,797 |
| All other expenses | $19,588 |
| Total functional expenses | $1,490,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,769 |
| Savings and temporary cash investments | $1,296,445 |
| Pledges and grants receivable | $21,105 |
| Accounts receivable, net | $19,265 |
| 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 | $2,323,828 |
| Investments—publicly traded securities | $2,940,010 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,804,422 |
| Accounts payable and accrued expenses | $39,943 |
| 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 | $39,943 |
| Net assets without donor restrictions | $5,289,833 |
| Net assets with donor restrictions | $1,474,646 |
| 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 | $6,804,422 |
Grants Awarded
Over the last fiscal year, Young Mens Educational Network has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NONPROFIT UTOPIA PURPOSE: SPONSOR STUDENTS | $10,000 |
PARTNERS IN MISSION PURPOSE: SUPPORT A SCHOOL IN UGANDA | $10,000 |
LAWNDALE CHRISTIAN REFORMED CHURCH PURPOSE: EMERGENCY RELIEF FOR FAMILIES (COVID) | $10,000 |