Young Entrepreneurs Organization
- Assets
- $778.4k
- Revenue
- $608.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1992
- Data as of
- 06/2021
- EIN
- 76-0576727
Organization Overview
Young Entrepreneurs Organization is located in Houston, TX. The organization was established in 1992. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Young Entrepreneurs Organization 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 06/2021, Young Entrepreneurs Organization generated $608.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $530.6k during the year ending 06/2021. 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
THE ORGANIZATION'S MISSION IS TO PROVIDE EDUCATIONAL OPPORTUNITIES AND ENTREPRENEURIAL INSIGHT TO BUSINESS OWNERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEARNING - PROVIDES EDUCATIONAL SEMINARS AND GROUP LEARNING ACTIVITIES
FORUM - PROVIDES A SMALL GROUP MEDIUM TO FOSTER LEARNING AND SHARING OF EXPERIENCES
COMMUNICATIONS - FOSTERS EFFECTIVE EFFICIENT COMMUNICATION TO MEMBERS. PROVIDES THROUGH WEBSITE AND NEWLETTERS; NOTICES OF CONTINUING EDUCATION FOR MEMBERS; ANNOUNCES PROFESSIONAL SPEAKERS AT MEETINGS; AND COORDINATES MEETINGS WITH OTHER PROFESSIONAL GROUPS.
LEARNING - PROVIDES EDUCATIONAL SEMINARS AND GROUP LEARNING ACTIVITIES
FORUM - PROVIDES A SMALL GROUP MEDIUM TO FOSTER LEARNING AND SHARING OF EXPERIENCES
COMMUNICATIONS - FOSTERS EFFECTIVE EFFICIENT COMMUNICATION TO MEMBERS. PROVIDES THROUGH WEBSITE AND NEWLETTERS; NOTICES OF CONTINUING EDUCATION FOR MEMBERS; ANNOUNCES PROFESSIONAL SPEAKERS AT MEETINGS; AND COORDINATES MEETINGS WITH OTHER PROFESSIONAL GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Lee Forum | OfficerTrustee | 5 | $0 |
Pete Patterson President | OfficerTrustee | 5 | $0 |
Chris Mastrangelo Social | OfficerTrustee | 5 | $0 |
Baird Craft Finance | OfficerTrustee | 5 | $0 |
Vu Ngyuen Gsea | Trustee | 5 | $0 |
Josh Jacobs Learning | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $519,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,297 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $608,297 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,500 |
| Compensation of current officers, directors, key employees. | $57,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $19,708 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23,573 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $3,883 |
| All other expenses | $424,422 |
| Total functional expenses | $530,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $748,208 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,183 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $778,391 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $417,054 |
| 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 | $417,054 |
| Net assets without donor restrictions | $361,337 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $778,391 |
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